Why would I research this piker shit? I am telling you that most of these places do not have a clearing firm. If I asked you who your "prop" firm is clearing you'd have to look it up. You stated "why would I care if it's demo?" which is absurd. You threw money away on the combine to contribute to a scam biz who charges you to demo -> internalizes your orders -> keeps 100% of comms. Worse, you're receiving a split. You could have opened an account with AMP or similar and paid low rates and received intraday $400 haircut on ES. The money you pissed on the combine could have gone to AMP with their $40 (assumption) MES margin.
It's the best option for me man. It's not a split. People fail so often most places give you 100% of the first 6-10k per account. Of course once my income > bills I'll withdrawal some and make a live account. Again, that is logical. So, no I won't have to deal with a split. That's just not factual information. Of course it isn't an actual real prop firm. That's like saying a bear shits in the woods. All of the information you gave I am aware of. The only difference is you were not factual on one piece you gave.
OK then you're aware that you could have deposited a few hundred with AMP and traded Micros at far better rates. This deposit prop model makes no sense. If you were profitable you'd actually scale quite quickly while at AMP. Awaiting your weekly figures on Friday.
I am not claiming that I am #1 trader in the world. Want to trade comfortably and ensure I have plenty of risk capital (losing trades or maybe even losing day) for my edge to play out. Sure, most days it's net profitable, but what if one day it isn't? I can get 3-5x the drawdown of a $1,000.00 live account for under $200.00. Plus I can scale other accounts. For both the mental side and value side, this is currently the best path for me. You can disagree that's fine, but I am sure you could understand the stress of making a small live account and than having to withdrawal profits to go towards bills. Not claiming I am at that level yet, even if I was again don't want the mental stress when there are other options.
Strange... OP hasn't even started his journal but attracted much attention. Better ask the administrator to delete this thread. There is too much negativity in here.
This is very confusing to me? I thought people we're just being negative in order to toughen me up and prepare me for the challenge. You mean they are actually truly rooting for me to fail?
The stuff you're posting in the ES Journal (seen 3-4 posts) are standard chart-reading garbage promulgated here by most of the other newbs. Support and resistance? I'm walking out of this show. There was nothing to see here. I can see why you didn't want to post a personal journal. Drop this nonsense and learn to trade, or get a job. Build a stake while you work on a legitimate edge. What you've wrote does not represent an edge. https://www.elitetrader.com/et/thre...ng-to-meet-and-take-trading-seriously.379391/
How are you so poor that you are thinking in terms of 200 equity balances? this whole endeavor isn’t worth anyone’s time unless they can earn 5x what they can doing something else. Or they are so rich money doesn’t matter. It’s too risky. You’ve only been trading for 6 weeks. You will get clobbered; everyone does.
I mean simple support/resistance is not something I am using very often. But under proper context there's nothing wrong with it, it's still effective. Posted in there to see what others we're thinking as well. In general it's longer term trading with some swing intra-day trading. Nothing wrong with that, but it's not what I am doing. As far as my post I have no issues with my post. Stated ahead of time knew it would be the type of day that's difficult for me. The places I was looking to exit we're pretty much dead on. Anyone that closed their longs on NQ or ES where I was looking to, was a great exit. 18933 was area for one take profit (the high of the intra-day up move for the rest of the day) and 18633 is where I was looking long, although was too sloppy for me so didn't take it. Lastly for context I mentioned the obvious look for a 3:30 long particularly on a day like today. Not saying that's amazing information, but it's certainly solid. I would of loved it if someone else provides context or levels like that. Not one person did. That's fine that you're leaving. It's impossible to have an objective conversation with you due to your general bias of other traders, freely loading that onto me.