My attempt to earn a funded account with Earn2Trade

NoahA said:
Totally understand and thanks for the reply. I was just curious because when I see quantity filled for example being at 25, I wondered how that comes together. For example, it could be a bunch of contracts averaged in, or perhaps 25 individual trades. Since you say 1 ES or 10 mES, then I could see averaging in.

Also, being profitable just means making more than you are losing. Once again, it could be a combo of make $150, lose $50, and still up $100, over and over again. Or it could be a much higher win rate, but very selective trades. So I was just more curious about the nature of the stats.
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Absolutely. That is why I plan to post more details stats soon.
 
Big AAPL said:
I am more interested in how you are dealing with the trailing drawdown as opposed to a fixed drawdown
Nice stats BTW.
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Thanks, Big APPL.

Likewise. I think once a trader is able to "master" / "control" the real-time trailing drawdown then he is seriously on track to some serious trading success.

Let's be honest, a real-time trailing drawdown is a seriously difficult thing to keep in check and it took me some serious soul-searching to work on the psychological aspect of my trading strategy. The technical analysis took me 15 years to develop so if I don't have that in check by now, I have no business trading and I know it's only been 2 weeks with the E2T evaluation but I feel like I have made some serious progress (knock on wood).

I also have been more empowered after gaining more trust in Earn2Trade as a legit company and I will report on my experience with their corporate ethics (you know what I mean....)

Stay tuned...
 
I will show you guys trading for a funded account is a worse option as compared with trading with your challenge fee.

Assume traders A and B have the same trading skill level.
A pays $429 to earn a funded account.
B trades on $429 at a small forex broker account, which allows him to trade smaller unit.
Here is such a broker.It offers 500 times leverage and low trading cost that is roughly comparable to trading futures.
https://coinexx.com/?franchiseLead=MzkxNjg5
And also if you want to trade ES,NQ and YM, it offers US indices products.

Since A need to make 10% and can not exceed 10% drawdown, or he will lose $429.
B can increase his leverage 10 times as A and if he lose 100% he lose $429.
So both have the same risk.

Assume A manages to make 10% and earn a funded account at the end of two months.
Assume there are 42 trading days in two months. So A make average daily profit of 0.0023(1.0023^42=10%).
While B uses 10 times leverage and make average daily profit of 0.023.
So B make 266% profit at the end of two months.( 1.023 ^42=266%)
At the end of two months: A earns a funded account; B makes $429X266%=$1141.
At the end of 4 months: A make $2000(25000X10%X80%); B makes $1141X266%=$3035
At the end of 6 months: A makes $2000; B makes 3035X266%=$8073.
At the end of 8 months: A makes $2000; B makes 8073X266%=$21474.
 
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Day #10

upload_2020-7-27_16-0-19.png
 
Don't fret...I got killed today as well, as I was in bear blindness mode. Gotta just shake it off. I like the way you are progressing so stay the course (no pun intended). Just one thing: I see 19 Qty, is that ES or MES?
 
Cheers, Big APPL.

I'm not too distraught -- I lost money the right way -- in the past, I would have revenge traded but I know that tmrw is another day -- not a big deal.

It's a combination of both ES and MES -- the big loss was on an 1-lot ES short for about 11 points other than that it was all MES.
 
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