Dear traders, we are announcing an upcoming trading contest. To participate in Contest, pre-registration is required. The Contest is scheduled for Monday, Aug 10th. Registration is opened and will continue until 21:59 UTC Sunday, Aug 9 (04:59 pm Chicago; 23:59 CEST). The Contest will begin at 22:00 UTC. (05:00 pm Chicago; 00:00 CEST on Aug 10) and run until 20:10 UTC Aug 14 (03:10 pm Chicago; 22:10 CEST). Contest Trading Conditions: You will be trading a $ 50,000 Qualifying Session Account Profit target: $1,400 Daily loss limit: $1,000 Max. trailing drawdown: $2,000 Do not hold positions into major economic releases Follow the Scaling Plan Use the button while registration is open to participating. Prizes for Contest (for those who have not violated the Contest rules and earned the greatest profit) : 1st place: $ 50,000 Practice Session 2nd place: promotional code for a 60% discount 3 place: promotional code for a 40% discount 4-10 place: promotional code for a 25% discount LMI team
Hey guys, We are in the middle of our Trading Contest tonight. I'd like to highlight some of the traders' qualities that actiually allowed our leaders to pesevere in the fast-changing markets. So for those who chose to trade indicies, the week didn't start easy. Wat to do, huh? There are only a few days to trades, so you have to take every opportunity to get ahead of others. Let's see how the trader u3702204 did that on Monday. Obviously, a ranging day on the open with the 50% chance of a breeakout to the either side (1). Clearly our trader is short-biased, so he's trying to find the best spot to take a short trade (2). The reward pays the risk, but, let me tell you something. Do you see that big red short from the top of the range that actually brought the trader most of their $1500 in profits? That would never have happened, had the trader not cut his losses. Look at the first short of his day. Look at the long he took then. Very strict on his stops. And I insist, that's what allows you to make your profits flow, as they say. After a successful short, he was trying to build upon success, without noticing that the market came back into the Globex range. That's why his next two trades were unsuccessful (3). Still a great result, congrats! So this trader is now our indicies leader. Things can change any time, so hold tight u3702204 ! P.S. Just reminding again to all our traders. Be careful with the volatile markets, always use a stop loss and try to let your profitable trades grow as much as you can. Good luck all! Viacheslav, LMI Project Manager.