LMAO!!! Nice catch dude
I.....am......pretty sure that was just a pure typo. A dumb one. But just that, a typo. LOL
Earn2Trade Founder Charged With Fraud
- Thread starter LCK2000
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LMAO!!! Nice catch dude
I.....am......pretty sure that was just a pure typo. A dumb one. But just that, a typo. LOL
In any event, I can tell you how AMP does it for futures. If you have enough NAV in your account to meet the initial margin at any given point of the day, you are fine. If your NAV (assets+position value) falls below the initial margin requirement at time of settlement, you will get a margin call around the 4PM Wall Street close.
At 6PM ET, the margin requirement falls back to day-trade discounts, so you are good until 4PM next day calendar day.
Rinse, repeat.
Here is the way Tradovate does it -
Every broker has a different approach on day and night but I believe they are all the same as far as defining “overnight” holding a contract from the day session that ends at 4 into the night session that begins at 6
that’s also how Rithmic operates - a new “session” begins at 6pm - so If you were flat before 6pm then you can trade from 6pm til 4pm next days as 1session
https://www.tradovate.com/resources/markets/margin/
Every broker has a different approach on day and night but I believe they are all the same as far as defining “overnight” holding a contract from the day session that ends at 4 into the night session that begins at 6
that’s also how Rithmic operates - a new “session” begins at 6pm - so If you were flat before 6pm then you can trade from 6pm til 4pm next days as 1session
https://www.tradovate.com/resources/markets/margin/
LoL -- you learn something new everyday
Thanks to Overnight and trade2020
Thanks to Overnight and trade2020
My personal opinion is that even if you are sim trading, there needs to be some form of "skin" or else it just means absolutely squat no matter what you tell urself
I would trade $100 resets for each $5K of real money I lost when I first began trading...would've saved me at least $100K
I would trade $100 resets for each $5K of real money I lost when I first began trading...would've saved me at least $100K
yes exactly. It is better to trade using the resets and challenges as it forces you to become better and can save you money. If you lost the “challenge” and it had a $3300 daily loss limit and you paid a $350 fee and it cost you $100 to reset it then look at the alternative
If you had done the same trades with your own money you would be out $3300!
My beef is I wish more companies did fixed drawdowns (only a few do)
but in general— until you can consistently make decent money each month with an edge (consistent as in a year or longer)-then it’s a no brainer that trading challenges for a fee and possible reset fee is definitely better than straight free sim trading (no skin—not the same trading decisions in a free sim) and is certainly better than trading your own money while you are trying to develop a consistent winning edge
Now once you know what the hell you are doing and can make money for say “over a year consistently regardless of market conditions each month“ then at that point you “should” be able to trade your own money as opposed to funding companies money but you still have to prove it so with that in mind inwould still keep the funded company account though even if you trade your own money
Once you have traded consistently over a decent period of time with your own money (say another 12 months) then at that point you’ve pretty much proven you can trade with self funding and it’s certainly better than paying 20%,,,
however one caveat is:
if you are with a funding company that will keep substantially ramping up and increasing your funding over time and also keep ramping up and substantially increasing your daily loss and max loss limits as well over time Then I would much rather trade with someone else giving me a $25,000 or more daily loss limit and pay them 20% to 30% of the profits than use my own money
If however I am stuck only
At $3300 to $4500 Funding with funding company even after months of good trading or a year with no increase then yeah at that point better with own money at that point since they offer no path to big funding no matter how well I trade and for how long
If you had done the same trades with your own money you would be out $3300!
My beef is I wish more companies did fixed drawdowns (only a few do)
but in general— until you can consistently make decent money each month with an edge (consistent as in a year or longer)-then it’s a no brainer that trading challenges for a fee and possible reset fee is definitely better than straight free sim trading (no skin—not the same trading decisions in a free sim) and is certainly better than trading your own money while you are trying to develop a consistent winning edge
Now once you know what the hell you are doing and can make money for say “over a year consistently regardless of market conditions each month“ then at that point you “should” be able to trade your own money as opposed to funding companies money but you still have to prove it so with that in mind inwould still keep the funded company account though even if you trade your own money
Once you have traded consistently over a decent period of time with your own money (say another 12 months) then at that point you’ve pretty much proven you can trade with self funding and it’s certainly better than paying 20%,,,
however one caveat is:
if you are with a funding company that will keep substantially ramping up and increasing your funding over time and also keep ramping up and substantially increasing your daily loss and max loss limits as well over time Then I would much rather trade with someone else giving me a $25,000 or more daily loss limit and pay them 20% to 30% of the profits than use my own money
If however I am stuck only
At $3300 to $4500 Funding with funding company even after months of good trading or a year with no increase then yeah at that point better with own money at that point since they offer no path to big funding no matter how well I trade and for how long
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Funny.
I remember the TopstepTrader so called experts tried to trade a combine themselves once.
They failed miserably and just stopped posting the daily results, probably hoping nobody would notice.
Dude, is not an NFA member individually or the company. Pot meet kettle. This fake prop-shit is annoying AF. Fn losers. Look at this twat.