Hi, I will be updating my journal detailing my attempt to earn a funded account with Earn2Trade. Earn2Trade had a 40% discount on 25000$ account for the current month and will update the results daily how it goes! Rule: Inspired by @sstheo 2% rule (https://www.elitetrader.com/et/threads/2-000-to-200-000-in-2020-at-2-00-per-day.339591/) and plan is to follow that lol given tight drawdown
Day1: Started yesterday and had a good 20point trade on MNQ, Above is plan for now and plan is to call it a day once target is met or 3 loses for that day, Let's c where it goes!
Day2: +280$ Traded MNQ and broke the rule trading 1 NQ mini as well, should stick to MNQ for now. Calling it a day!
This is a monthly subscription for the evaluation, for the current challenge minimum 15 trading days are required with some rules on consistency but there is no limit on the maximum. My current plan is to try to get this done before next renewal (2nd Sept) and above excel data is current plan for it Minor update: Correct commissions have been updated for my account as I trade micro's predominantly (previously it was 2+$ for any contract) and current profit is revised to $391 after 2 days. 70$/day till sept1 should pass challenge
Day3: +140$ Played $GC with 1 contract and 10 ticks SL and done for the day! Though MNQ was the preferred ticker, setup in $GC was tempting and was a good single trade.
Day4: +137$ Not happy with how I traded today. Took $GC 2 hours before US market open and stopped out 30 ticks (-300$). Lost another -130$ on $YM trying to recoup the loses before market open as well. With 120$ left for daily loss limit, Played $MNQ and like previous day, was able to trade the setup and closed the day up 137$. From now on, will trade only after US market open and should refrain from trading $GC as it moves few $ in no time and not ideal for 25k account Been a volatile day and done for the day! (Day 3 ended at 25582$ as I made one additional trade)
Day5: +290$ Had no plans to trade before US open but after job report (waited 3-4 minutes post report), had good R/R setup and nibbled $MNQ $NQ. both were good trades. I was confident of $NQ and had 40 ticks stop loss. Glad I didn't trade $GC and won't be touching this in this account. 750$ left to pass this with atleast 10 days remaining, hopefully will pass this one Have a good weekend!