in case you can't see the links (they work best with firefox), here's my equity curve at 118% profit (real profit 90%). In case you're wondering, I trade mostly EURJPY, but also work with EUR, GBP, CAD. With this combine, looks like I'll have to stick to 6E, 6B, and ES.
nazzdack, it doesn't look like a slam dunk. I will have to be very cafeful with position size and the actual trades that I take. 10 days is really short amount of time to make a decent profit and keep drawdown to a minimum. And I don't have my EURJPY... Oh well, if I don't pass it, I always have my own account to fall back on. I'll let you guys know how it works out.
Just so you actually know the rules, that is 19-22 days depending on how many bank holidays are there and when you sign up.... (don't start on a Friday, you lose a day)
1) Ideally, you can increase your position size as you go along and build up the account. 2) The parameters are rather lofty. 3) Maintain a mentality of imagining yourself passing because otherwise, your brain will start looking for "Fire Exit" doors instead.
" Can you clarify if live traders are paid with a k1 or 1099 ?" patak- can you give a straight answer?
nazz, yeah, it's very strict is what it is. I don't blame them. After all, it's THEIR money on the line. From what I'm reading, everywhere else makes you put down a security deposit or pay for training. If the training at those other places are so good, then why do I read about people blowing their accounts?
After reading about prop firms on here (and how basically they don't do anything extra-- like help build your name), I sent them an email to cancel the evaluation. I have yet to get a reply back so I bet they're just going to play dumb and tell me there is no way to cancel it. I get the impression if you execute a trade there every day, they refund the money?? It's not that much money, but who wants to pay for something they no longer want?