In this episode, we sit down with trader and entrepreneur Bernd Skorupinski to uncover his journey from early struggles to becoming a respected figure in the prop trading world. Bernd shares raw insights on mindset, risk Full episode + show notes: https://tradingnut.com/bernd-skorupinski/ Key moments - [14:13] "There are only a few variables that you change. You never change your strategy. You never change your execution… The only thing that you change is your risk per trade, but only when you are allowed to change it, - [22:40] "It's a must to track and be very picky with your journaling process… You need like physical proof that you need to change something. Otherwise, it's just a gut feel." - [27:45] "Once you're not yet consistent, use prop firm challenges as your driving license test… If you're not capable of passing a prop firm challenge with your strategy, don't ever touch your own money." - [29:33] "Prop trading is definitely something that I believe eventually can make normal brokers obsolete… benefits of prop trading… clearly outweigh the disadvantages…" - [44:36] "Don’t compare your journey to others or use how quickly someone else succeeded as your benchmark; focus on your own learning path and variables." - [52:56] "Treat trading as a side hustle or second business in the beginning—never quit your job too early, or you’ll add too much pressure to your trading." - [53:58] "Choose a trading style that fits your lifestyle; swing trading is recommended for most because it’s more sustainable for people with jobs and families, while day trading suits those with more time." - [60:12] "Once you’re consistent, the only way to make more money is by scaling the capital traded, not by overtrading or increasing frequency." - [61:16] "Use milestone planning to scale up—gradually increase your risk as you become comfortable, rather than making big jumps driven by greed." - [64:17] "Concentrate on the two KPIs that matter: risk-to-reward ratio and win/loss ratio; aim for at least a 1:2 risk/reward and know that even a 40% win rate with solid risk/reward leads to profitability." - [66:20] "Detach yourself from the money and focus on the process; true trading success comes only once you can disassociate emotionally from wins and losses, which takes years of experience." - [67:17] "There’s no way to fast track the process of getting comfortable with higher capital or detaching from money; experience and making your own mistakes is essential." Watch: https://www.youtube.com/watch?v=0kwBdV0R6H8 --- Sponsors BlackBull Markets - 100% deposit bonus & free TradingView — NZ-regulated broker. https://tradingnut.com/go/blackbull/ PropFirmMatch - Find the right prop firm challenge — PropFirmMatch.com https://tradingnut.com/go/pfm/ --- More from Trading Nut Strategy Vault - Free guest setups organised by market & method. https://tradingnut.com/go/vault/ TraderZen - Free trade control & mindset app for active traders. https://tradingnut.com/go/traderzen/ Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup. https://tradingnut.com/go/dtc/ --- Educational only - not financial advice. Risk: https://tradingnut.com/disclaimers/ Some links are affiliate partnerships.

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