My 200K Earn2trade account as well as MyForexFunds

Illini Trader said:
Something important here about E2T that is not logical but they do it anyway. Your $8,500 profit in 2 days creates a problem for you in that you made too much too fast. They have this 30% rule that says you can only make 30% of your profit target in one day. That amount is $3,300 per day and you have averaged over $4,250 per day.

This is your problem: Take your highest day and divide by .3 and that is your new profit target. If your highest daily profit was $5,000 then divide that by .3 and your new profit target that you will have to make is $16,666. I have argued the point with them that they should just peel off the profits in excess of $3,300 per day and leave the profit target at $11,000 but they insist that following their regulations is the best policy. That means you should have quit for the day when your profit reached $3,300. if you were over you should have intentionally lost enough to bring your daily profit down to $3,300 or slightly less.

What is your highest daily profit? It will be interesting to know what your actual profit target is now. It is definitely well over the $11,000 because you did not follow the profit limitation rule.
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That's true but if he continued to earn the same profit every day, he would be fine at the end of 15 days. It's only if his profit drops over the next 12 days that he will have a problem. I'd tell him to shoot for exactly the same profit every day. This way the account will show consistency over the life of the evaluation account.
The rule itself is just plain stupid and intended to penalize good traders. Every trader has peak performance days. If you don't count those days or are penalized for them, it lowers your chances of completing the evaluation successfully. It's intentional. It's stupid.
 
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