I never had any issues with the SMB dashboard. Their customer service is definitely not as attentive and prompt as E2T and TST but in the end this is about making money so me personally--I would rather have a much better financial deal to make more money and withdraw profits and as long as I get paid promptly when I request my profits withdrawal --I can let other customer service issues that are lagging go---if SMB drags their feet on paying me my profit withdrawal request promptly when a request is made then that is a completely different story and I would not be willing to put up with that All the SMB dashboard does it just show you where you are at as far as trading days and p&l and any rule violation status which really you would already know all that from your trading and looking at the R trader Pro dashboard - etc. As far as trading to pass their tryout--in my opinion the SMB tryout is actually much harder to pass than TST or E2T as with SMB you only have a $1,000 daily loss limit but have to make $5K or more profit so that is a 5 to 1 ratio. To give you an idea in E2T and Topstep--I haven't looked at their programs recently but if memory serves me correct I believe E2T on $100K acct was daily loss limit $2200 to make $6,000 or more profit (about 2.75 to 1) and TST was $2,000 daily loss limit to make at least $6,000 profit --so 3 to 1. If E2T had the same 5x1 ratio as SMB then on E2T $2,200 daily loss limit the profit target would have to be $11,000 instead of the $6,000 that it is and if TST had the same 5x1 ratio as SMB on TST on the $2,000 daily loss limit the profit target would need to be $10,000 instead of the $6,000 that it is. As far at 80-20 versus 50-50 -- versus other splits--its really just a function of how much funding you have access to as what is a fair split. Now the following is an extreme example but just using it to prove a point. If you passed a stricter combine tryout than any of these companies offer but if you passed then the funding company gave you a max "fixed" not trailing drawdown of $500,000 and a max daily loss of $100,000 and in return for that funding they wanted the profit split to be 80-20 in their favor (80% to funding company and 20% to you the trader) then you would certainly make much more money with that deal than an 80-20 split in your favor with max funding of $4,500 drawdown. Say as an example with a $4,500 max drawdown you trade 1 ES emini contract on each and make $500 a day trading that one contact. You get 80% of $500 which is $400. On the other hand if you have a $500,000 max drawdown which is over 100X the $4,500 drawdown in the previous example. So now since your drawdown is 100X greater you now trade with 100x the contract size so now you are trading with 100 contracts per trade instead of 1 contact and you are taking the same trades so you end up with 100X the daily profit and your profit instead of $500 a day is now $50,000 a day - but in this case you only get to keep 20% which would be $10,000 So you could be under a 20-80 deal with higher funding and make $10,000 a day only getting 20% versus getting 80% in your favor and just making $400 a day an extreme example yes--but it just goes to show you that while 80-20 sounds great-- its better to have higher funding --depending on the math %
I'm missing why these places or so evil. Unlike a lot of vendors, they aren't selling the magic trade setup that will make millions, but for some reason they don't use it themselves. They seem upfront of what the offer is and how much it costs to try and get a funded account. If you decide to keep taking the trials again and again after failing time and again, that is on you for not knowing this isn't your field to be working. As far as the payout and trailing stop, etc., if you think it is a ripoff, don't take it. Use the trading to prove to yourself you can trade profitably and then open your own account. You definitely don't need to trade a lot of contracts to make money in this business, but you do have to have a plan, trade management skills, and self discipline. If you can get to the point of a funded account, but don't like how they are taking a cut and or running the way the cut comes to you, then make enough to fund your own account and go out on your won. You get to keep it all then minus the tax bill. In my early days I bought a few of those magic formula programs that always show they are profitable, they aren't. Just like most professions you put in the study, work and find out if this is the job for you. And just like every profession it is not for everyone, and it isn't the easiest. I've made an endless number of adjustments to my trading plan over the years as markets change for whatever reason. It is a pain in the ass at times, but I liked what I was doing, and it was a challenge I wanted. My short 2 cents. Peace
Well, what would you say if R Trader Pro showed you $900 PnL and the Dashboard $800? Cause that kind of differences I am seeing. Could you say what the FCM is SMB is using in live accounts? Do they provide account statements? Did you get your first payout? That would help me very much. Thanks
The RTrader pro is real time. the dashboard on the other hand goes by session so I believe doesn’t update until the following session whereas RTrader pro is live
I know it updates at 6 pm CT but it just shows a different PnL - pure and simple. Would you mind answering my questions on the FCM, account statements and payout, please? Send PM if you like
You just need to contact their support as I simply took the tryout and passed and I am waiting on getting started with the funded account
I'm thinking of trying out soon and I'm wondering if you have the time to answer a couple questions : 1. How soon after passing the tryout did you begin trading with their capital? 2. What Sierra Chart data package did you need? Is real time data for Sierra Chart included in the $325/month tryout fee? Any advice on this would be great. Thanks!
Not going to happen. It's a cottage industry that is a legit scam. The guy on Youtube that the OP quotes in one of his 'posts' - the one who also ran through all of the shops with 'trials' successfully and got funded everywhere is offering himself a 300k accounts to new wave of gullible folks. Maybe, he is the same person as the trade2020, as the patterns are strikingly similar.
Completely untrue. I am not the Kieran person on YouTube. I am not affiliated with him or his YouTube channel in anyway. I only pointed it out as a place that reviewed the various main tryout programs. And coincidentally- I agree with you him now running a 300k tryout thing himself is not kosher in my opinion. As far the other guys (Pueblo’s) questions “Are you going to answer my questions on: - FCM - account statements - payouts?” no I am not going to answer your questions but I have a suggestion for you - ask all of these questions to the tryout companies themselves and then you can hear the answers directly from them. Pueblo- Here are the support emails E2T - support@earn2trade.com SMB - support@smbcap.freshdesk.com Topstep - support@topsteptrader.com