$1,000 drawdown limit with what company? SMB only offers 1 level of tryout and that is a $1,000 daily loss limit and $3,000 fixed drawdown Also as a side note if what you are saying about E2T is true "On the other hand, TST only take their cut when you withdraw." I would say that you have to look at the total math on the net outcome (after taxes are figured in) to decide between Topstep and E2T as far as taxes on your gains as each pays the profits in a different manner which may have a substantial impact on your true net after factoring in taxes depending on how your particular country taxes your income. Also another question which I have no idea about is at the end of the year--if you don't withdraw all of your profits are you still taxed on those profits you generated and left in the account but chose not to withdraw? Again this is probably dependent on your country's tax code and how that situation may be treated by the taxing authority in your country (which may also depend on whether the funding company reports all profits generated in your account or only those that you choose to withdraw) E2T appears to pay out the profits to the trader in a way that may be more favorable come tax time https://help.earn2trade.com/en/articles/2090499-how-am-i-taxed-when-trading-for-helios , versus Topsteps method of paying out profits to the trader https://help.topsteptrader.com/hc/en-us/articles/236069127-How-are-my-profits-reported-on-taxes- As far as risk management - I found this guy's video to be helpful in formulating a risk management plan
$1,000 fixed drawdown with E2T. In equity prop firms numbers like $200 daily loss and $1,000 total drawdown are commonplace I think?
As far as risk management - I found this guy's video to be helpful in formulating a risk management plan
Here is another factor to keep in mind - when markets get very volatile like the one we are currently in the exchanges sometimes increase the margin required per contract for daytrading purposes (or sometimes eliminate it altogether) until the markets resume what they consider to be a "normal" trading range. So as an example on S&P emini futures many brokers in the real world when using your own money to trade your own account offer day trading margin as low as $500 per S&P emini contract (compared to full margin -or overnight margin which may be say $6,000 to $8,000 per contract) and when we get periods of really high volatility such as the one we are in now if you are allowed to trade 3 contracts in a tryout (then funded) acct with one of these firms--then at point instead of say $1500 (3 contracts x $500/contract) that you would need in your own account with your own money--you would need to have $20,000 to $25,000 in your own trading account (to daytrade 3 S&P 500 emini contracts)to replicate the funding being offered by these tryout firms (despite the lower daily loss and drawdown being alot lower) as the exchange (such as CME) would require brokers to have clients have the larger margin per contract ($6,000 to $8,000) even for day trading instead of it being as low as $500. The point being that if the tryout firms keep the number allowable contracts to be daytraded the same as they have in the past--despite the increase by the exchanges--then the funding they offer becomes more valuable The exchanges can change this daytrading margin requirement as well as overnight margin on a session by session basis which most of the time most people never give any thought to as we have been in a "normal" market environment for most of the time the last several years. There is no telling how long the current volatility may last with the U.S election coming up in Nov--we could see high volatility from now through the end of this year
There is another thread(my experience with E2T by someone else) where I documented the initial reason why i said i wouldnt use them again. Well I went against my better judgement and did another E2T. Im waiting on a TST withdrawal so I said why not they have their monthly sale so its not going to cost that much and its a 15 day 1x trial. Using RTrader because of the issue i had with sierra last time. I took my trade and it immediately closed for a full stop loss i thought maybe it traded(even though it clearly didnt) so i did another trade and the exact same thing happened. So at that point I decided to contact support......No reply so i try to troubleshoot it myself maybe turning the brackets off will work(but of course now i have to manually exit positions that seem to allow you to trade.) so thats what i did the next issue came with i tried to exit my positions and it accidentally add to them well with E2T any entry over the scaling plan instantly cost you the challenge so at that point a cancel the subscription to avoid billing i forgot they actually cancel your data as soon as you cancel even if it was the first day. I took hours for the response btw. This has to be taken into consideration when doing this mini any mistake platform or otherwise E2T will not resolve it and the issues dont seem to be a 1 off thing STAY AWAY until they resolve these type of issues. they dont seem to investigate claims from customers about platform issues below is my thread with their support. close up showing the 1st trade(a long) i took instantly closed even when that price didnt trade the 2nd trade instantly closed as well but that one wouldn't have been a winner.
Post screenshots from the order logbook from Rithmic showing all the information (execution time, order type, limit/stop price, execution price, ...) With what you posted here no one can give you an explanation, we need more details.
I'm not really looking for an explanation on here the time for explanations was when i contacted support. This is about letting people know that technical issues wont be resolved by this company so keep that in mind before handing them over money. here is a video link of the trade and you can clearly see that price didnt trade it closed the instant the order was filled for the full stop loss. Once you pay for the data they want you to keep the subscription open or you will lose access to data this is the only company that does this that i know of.
The thing is, nobody else is experiencing the issues you are talking about so without full details of the orders and the execution it is impossible to judge if you made a mistake or something else is going on.
the video speaks for itself it can be slowed down to 0.25x after the stop gets filled nothing trades at the 61.25 stop yet the trade goes for a full loss also the chat logs so no attempt to investigate either.