Trading is not a shortcut to quick success. It’s a path paved with discipline, conscious decisions, and continuous growth. Mikhail Sheynov’s story is a perfect illustration of this. His progress didn’t come overnight, but through consistent self-development and practice.
Today, he makes bold trades, has completed the prop challenge, and manages significant capital. But most importantly, he came to a crystal-clear realization that trading isn’t a game of chance, but a serious, full-fledged profession.
Like many beginners, Mikhail decided to try his hand at trading, believing it was all about catching the right wave and making quick profits. But reality hit differently: after a few lucky wins came eye-opening stats and painful mistakes.
💬"There were moments when I wanted to call it quits. When a trade goes against you, you start doubting everything. But then you come to realize that the market isn’t against you; you just haven’t learned to speak its language yet."
This revelation didn’t come overnight. Mikhail started searching for consistency, structure, and clear rules, and that’s when he came across Alex Gerchik’s trading approach.
Meeting Alex Gerchik became a true turning point in Mikhail’s journey. His success was largely attributed to three key factors: time, patience, and mentorship.
Mikhail has been learning under Gerchik’s guidance for almost three years now. During this time, he realized an essential truth: it’s not enough to just learn trading. What truly matters is who you learn it from. The experience and wisdom of this legendary Wall Street trader became the solid foundation behind his consistent trading.
💬"The biggest lesson I learned from Gerchik is that the market doesn’t owe you a thing. If you wish to make money, you must learn to manage risk and wait for your setup. Meanwhile, mentorship is your safety net. When you face a string of losing trades, a mentor’s guidance is what keeps you grounded and prevents emotional burnout. It saves you years of trial and error."
Mikhail has completely redefined his trading approach and now works strictly according to Gerchik’s system, combining price levels with a deep understanding of market structure. To build the level of experience that allows him to “read” the market almost instantly, he put in immense effort:
Spent six months doing daily “homework,” analyzing charts, and making loads of trades.
Memorized key principles and the “Golden Hundred”, which helped him understand why the market behaves the way it does at any given moment.
What was once chaos turned into a structured, data-backed system
Today, Mikhail’s performance speaks for itself. He achieved a 60% win rate with an average risk-to-reward ratio of 4–5:1.
After gaining experience and consistency, Mikhail decided to give a prop challenge his best shot. In essence, the prop challenge is a professional test of a trader’s readiness to manage significant company capital. He passed it successfully, having received $150,000 to manage.
💬"Most people rush into prop trading without having a solid foundation or system to rely on. You might pass the challenge, but you’ll fail later. The main rule is simple — never rush"
This principle became his backbone when managing large capital:
After a losing streak, Gerchik taught him to cut risk or take a break, even stepping away from trading for a week or two to restore emotional balance.
Attempts to increase risk after a few wins only led back to square one. The real secret to progress is to trade calmly, with your controlled risk.
Mikhail’s biggest takeaway is simple yet profound: true freedom in trading comes only through strict discipline.
At first, it sounds like a contradiction, but as he puts it, “In the beginning, discipline feels forced. Later, it becomes your conscious choice.” Freedom means being able to take a day off whenever you want, but discipline means putting in the hard work that earns you that freedom.
💬"If someone had told me initially that trading isn’t about hitting buttons but about psychology and endurance, I wouldn’t have believed them. Now I know for sure — without discipline and respect for risk, you gain nothing in this field."
Mikhail’s story is one of professional and personal transformation. It’s proof that success in trading doesn’t come to those who rush, but to those who learn, adapt, and continually work on themselves.
Today, Mikhail is a confident, seasoned trader on his path to the top league. The lesson he learned — one every newbie trader should remember — is this:
💬"Your goal is to make the right trade. Its outcome shouldn't matter to you. Focus on execution, and over time, the profits will follow."
This mindset captures the essence of the professional, disciplined approach taught by Alex Gerchik.
ИAnd perhaps the most important truth: trading and prop trading aren’t for geniuses. They’re for persistent, disciplined people who are ready to start from scratch and keep moving forward without leaving things halfway. If you feel that you are ready, start today. Who knows, you might not only follow in Mikhail’s footsteps, but even surpass his success!
Become a Prop Trader
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