jtlexington, Stop bullshitting around man. Get in SMB or TST and start trading to make money. Stop bullshitting looking for a perfection situation. And focus on NOT losing when trading. Way too much time talking about SMB or TST, all that shit don't matter. Start trading the market and make money.
So after a few months of resets and monthly renewals, I am now trading a "Pro-Funded" account. I will keep you guys updated on my progress. You can also follow my journey at www.selfmadedu.de
Great job! Curious what your plan is once you make the first $5K and move to funded, if you plan on taking any out to basically recoup your costs, or leave it all as a buffer and worry about withdraws later? I read someone else who said they took $2K out, left $3K and are working with that. Seems kind of what I was thinking (still mid-Step 2 myself, so down the road), but just to basically recoup any costs so far, a bit of profit, and still have a balance to work with. Either way congrats! Ill bookmark your site to keep tabs.
Not sure - I will play it by ear. It will also depend on how they operate for "true funded traders" -- right now, I am in my Pro-Account but so far, so good. For example, they gave me my Pro-Account a few hours after the close of trading on my 10th day which was pretty impressive. I'll update everyone on my progress on my blog. Good Luck!
Would you mind disclosing what $ amount you have spent so far in these trials and what ACTUAL funding you got ( not notional but actual)
traderjo, I think you can get an overall sense of the investment I put in -- "So after a few months of resets and monthly renewals..." -- simple math, you don't need a specific dollar amount. I am trading the $150K account but that is irrelevant -- I just need 2 contracts...more than enough for my strategy regardless of the specific future contract. My experience has been very good with TST up to this point, and I imagine that it will continue
OK you don't have to disclose anything ...but in the spirit of sharing everything success and failure I was inquiring Main reason to ask was to work out break even hence the $150K account question If one passes in min no of resets then it is more attractive sure. However the account size is relevant That is not real 150K in a account? it sounds like it is notional so depending upon margin requirement of whatever one is trading + is it Day trading only or overnight will showcase the REAL funding. Day trading If FCMs margin is only $1000 per 1 contract ( any contract) then the "Notional" funded amount is the 1 contract size 1ES I can fund anybody for day trading with just $1000 in a/c and CLAIM that I have funded the tarder to the tune of say 150,000 ( assuming say ES is @3000) Same ES for overnight I as a funding company need to fork out $12000/13000 or whatever the current margin from FCM is So the entire business model changes It is that marketing catchphrase of "We fund you $150,000" that is bit questionable IN reality how many think that they are getting to trade an account with actual 150K ? and how many KNOW that it is just $150K notional? Yes I know it does not matter to you as you want to trade only 2 contracts at a time ..
They's not giving 150K to manage. Max trailing drawdown is 4.5K so that's what they really giving and people build from there if they are capable. The rest is just to confuse people, pretending they're giving more than what it is. They could put there 1M ou 100M but if the trailing drawdown is 4.5K that's what one gets. The rest is just marketing.
I dont get why people do this shit. If you want to become a daytrader start in your holidays. proceed with the earnings on a low scale. If it works do some more after the holidays. After a few months get some funds (bank loan). It's advised to do sim trading before starting out the ehole process but definetly don't waste your time with carrot sticks. Their conditions are DESIGNED to take you out.