dunno about that a fast , hip trader can bank large with all the stupid money out there. Problem is finding shorts when you want them , and the energy involved in hand trading A good hand trader can mint money. Know any ?
Thanks GuyCL for the supportive comment. I've had an "interesting" experience transitioning from a swing trader to a day trader....as well as full-time employee with safety to a full-time day trader who might be homeless - depending on how well I trade. I am getting closer to "figuring out" how to tinker with my trading strategy and hopefully can continue to progress and learn. I love the parameters set by TopStep to earn a funded account -- not easy -- that is the beauty and joy of the journey.....after all, if you survey 100,000 random traders I can almost guarantee that only maximum 5 of them will be able to show broker statement evidence that they did not lose more than $1.00 during the past 365 days.
Lesson for today: if it is moving day and you're up a few hundred and you still have a lot of packing and loading to do ---- do not trade or you will lose a few thousand --- better yet, if you are going to trade, do not trade a contract that you have not traded for a few months
Took a day off from trading today --- have not had a day off in such a long time --- and it felt great to only look at charts for a cumulative 30 mins today during my long run
I've passed the first test and now on the second test. Got to November 23 to make $500. What I like about FTMO, is when you trade forex only, you can hold your position overnight and not have to close all positions till Friday close.
Hate FTMO... Is it still earn 10% the first 30 days and 5% the second. What firm or company would ever want you to try and trade for 10% in 1 month. High risk. They are truly the money grabbers. How much is their rest ? Hmmm If i remember correctly you pay full price... ask them what the back end i, like if you pass and see how vague they get? I have found none worse.
Have you had an account with them? Yes or no? If not, why do you speak badly of them? I passed the first test in 16 days.