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In my opinion you really need to experience about 1,000 sessions hours minimum (approx 8,000 hours) of live screen time as well in addition to all the other stuff people are mentioning. Practice trading, live trading as well as backtesting - keeping detailed journals daily. It takes alot of...

Losses are part of the trading business. You have to know where you are wrong and be able to lose small and fast and not hang onto (or worse add onto as well) losing positions —hoping.......that they turn around. Every now and then they do turn around and unfortunately that is where many...

Beginners luck in trading is a killer. It instills false confidence it happens a lot in options trading - people really have no edge , no plan , no risk mgt , no journaling Just random Trades with random results Luck is not repeatable edge to base a trading income off of. You can’t depend on...

Although there are people that are capable of developing (and executing consistently) an edge , risk mgt and entry/exit strategies on short time frames such as 1min (and doing it on a manual basis— not with an auto trading algorithm) making money on short time frames on ES on a consistent week...

In my opinion I would think these companies are just stepping stones for traders who develop skills to be consistently profitable. Once they have made some money and saved up some then they are better off trading from their own account and keeping 100% The reasons for my opinion are: once you...

Before anyone gives up on trading they need to take stock of themselves and take an honest objective look at whether he or she is doing everything they can to improve their trading each day or not. Or are you just coming to quitting conclusion without even doing all the real work you need to...

It depends on how much you are trying to make a month. Can you make at least $10,000 net profit a month with $100,000 cash --in my opinion yes --especially in daytrading S&P 500 futures and closing out all positions before the end of each session. But for alot of people $10,000 per month is not...

In my opinion I would say that most of them are not scams - however - in my opinion most of them are not good solutions for long term trading capital and making a living trading using their funding primarily due to the fact that most of them use trailing max drawdowns Let me give you an example...

yes but you can still trade spx500 and Nasdaq 100 through them just not with futures - but for very short term trading - daytrade - it doesn’t make much difference when you factor in the FTMO fixed drawdown they offer ( but can’t trade futures( versus “trailing drawdown” of other companies (but...

On daytrades and swing trades you have to be patient and wait for price to come to the low risk entry point. Random trades are almost always going to get stopped out. I would suggest focusing on larger time frame charts and only attempt opening positions at very key support/resistance levels (on...

TopStep uses Tradovate as their primary platform for challenges and funded accounts. I would start there https://www.tradovate.com/ Topstep also uses Tradestation - you could ask them as well

From what I understand from other traders- FTMO allows you to have 3 funded account per trading strategy https://ftmo.com/en/faq/how-many-accounts-can-i-have/#:~:text=We%20allow%20a%20maximum%20of,accounts%20with%20%2425k%2C%20etc.

Most platforms can be set up to prohibit you from trading ___ amount or more in contracts--that is typically how it is set up on Topstep's funded accounts from what I hear from other traders who have accts - if you are allowed 3 and you have 3 live contracts and try to do more without closing...

I respectfully disagree. There are many brokers who can set up an account with the exact same risk management and auto liquidation settings so in that respect your account would be locked if you lost more than ___ (your max daily loss limit) and your account would be auto liquidated as well if...

Nevertheless traders have a choice--whether it is forex, futures or stocks. Nowadays with the right broker anyone can take $3500 of their own money (i.e. the trailing max drawdown amount with most funding companies that offer $100K challenge and funding accounts if you pass challenge) and once...

Compare E2T's regular Gauntlet to FTMO - in my opinion FTMO is still hands down much better than even E2T's regular gauntlet that offers a fixed drawdown 1) FTMO also offers a full refund of challenge fee if you pass -just like E2T 2) However----FTMO offers a challenge (and starting funded acct...

https://www.traderslog.com/proprietarytradingfirms

The simple fact is that traders have a choice--a choice not to use firms like E2T and TopStep Trader to try to get funded on because their funded accounts have to many gotcha's (in my opinion) that make it clear (at least in my opinion) that they do not offer as good of a deal as other firms in...

A Trailing Drawdown (as opposed to a fixed drawdown) is the worst as far as a "funded account" Any funded account that has a trailing drawdown combined with a rule that says if you make a withdrawal your new drawdown is the difference between the positive balance of any remaining profits you...

The problem is TD Ameritrade's demo account in general How many Furus on StockTwits and Twitter post ThinkOrSwim Monster gain screenshots at the end of the day or throughout the day--showing "monster gains" and stating something like- dont you wish you were like me and making $100K a--well...