Earn 2 Trade the gauntlet

Discussion in 'Prop Firms' started by caacapital, Jun 25, 2018.

  1. legionx

    legionx




    So you got impatient and panicked and started to trade mindlessly?. It happens but I would not blame the company but myself. You did this on your own, the rules were very clear. I use to think that their program was so long and slow compared to other companies but then I realize, "what's the rush"? Remember the "get rich quick scheme"? They are not like that. If all else fails, just pretend it is real money and how much you are comfortable losing on that day you think will not affect your psyche in an adverse manner.

    For me, I go in with the mentality of willing to risk $100 for the day even though my Daily Loss Limit is $300, sometimes I go over this due to slippage or one more trade senario. I've gotta get rid of that one more trade mentality when I am having a bad day. The feeling sucks to lose but compared to the balance on your account, no worries there. In fact I am happy to work away knowing that I am not being a poison to my balance I worked so hard to get. Hope this helps a bit. GL :).
     
    #631     Mar 15, 2019
    Earn2Trade-Ryan likes this.
  2. i agree i wasnt blaming earn2trade just pointing out something you have to watch out for with earn2trade you cant trade it like the other combines because you can make the goal and still have 30 days left. the key is to make trades that you actually have some kind of rationale for not to get your trade in for the day or if you are going to do a trade just to meet the daily requirement you have to be ok with taking a loss even if it puts you under the profit target. It was extremely stupid to let at most a $200 loss get to $5k but that gives me even more conviction in my strategy low risk high reward.
     
    #632     Mar 16, 2019
  3. legionx

    legionx



    Then have a different goal. Trade to protect and gain profits? Trade to not go over your daily loss limit? I am doing all of that but I still make mistakes hence the reason for my 7th try. I think this time I am going to main this account. Trading weeks are long, I just want to get through one week at a time. Weeks are longer if you mess up, especially pretty bad. Remember they say "fear takes you out, but greed keeps you in".
     
    Last edited: Mar 16, 2019
    #633     Mar 16, 2019
  4. mm2mm

    mm2mm

    7th try??
     
    #634     Mar 16, 2019
  5. Who cares how long it takes? Everyone has there own personal journey. What matters is what has one learned and corrected so they can be successful.
     
    #635     Mar 16, 2019
    MsFutures and legionx like this.
  6. mm2mm

    mm2mm

    i am with you on this one... but that's a bit excesive
     
    #636     Mar 16, 2019
  7. No it's not. His journey is his journey to get funded
     
    #637     Mar 16, 2019
    legionx likes this.
  8. mm2mm

    mm2mm

    7 tries is not excesive ? I get it my man ... trust me ... u think i am being judgmental or wahtever... maybe i am ... but 7 tries is too much... its his choice
     
    #638     Mar 16, 2019
  9. legionx

    legionx

    @mm2mm Nah, not even 100 because I will get right back up for 101 :).
     
    #639     Mar 17, 2019
  10. Handle123

    Handle123

    Nine years ago, I decided to radically change my long term risk management which at the time was wild swings in drawdowns, even though I was partially hedging. Keep learning AND be open minded, found one can hedge more than one way and different instruments. I finally like my long term risk management and drawdowns.

    Drawdown and consistency when managing money means more to the client than than your bottom line...Lol 2 months is nothing. Who in right mind hand over 25k to those who don't have their own fund's in the game, for many? Huge risk based on someone not done 1,000 trades in real time.
     
    #640     Mar 17, 2019