My attempt to earn a funded account with Earn2Trade

If you want to "trade for a living" or have trading as your only income you need a much larger capital base such that you can have good returns with rather relaxed trading day to day.

The way you're setting yourself up you need to make a killing every single day.

Set yourself up for success by not trying to take a shortcut and be patient instead. Save up more money and keep practicing.
 
Laissez Faire said:
Dude.

You quit your day job to pursue full time trading with a brokerage account of only a few thousands which you lost 1/3 of in a day? An in addition you blew your evaluation account which you now resetted?

You need to be realistic.

There are guys in this thread who responded to you who are trading a $500K account of their own money.

Here's the harsh truth: The market doesn't give a sh't about your tuition which you paid over the years. Nor does it care about your lost relationships, sacrifices, lost income or that you feel you now are "due". It doesn't work that way.

I'm not saying this to be a dick, I'm saying it because I don't want you to lose the money you actually have.

Now, maybe this motivates you to prove even harder to us that you can do this, but just don't.

If you want to trade "for a living" (bad idea anyway) you can't do it with a few thousands or E2T.

Get back to work and continue trading on the side OR save up capital such that you have enough to have at least a chance. Because right now you don't. I don't know anything about your trading skills, but trying to make a killing with a small account is not going to work out for you. Been there. Done that. Multiple times.
More...


I've always appreciated your candor - you tell it like it is, always.

A normal person would take your sage advice. It makes sense. It is logical. It is the path of least resistance.

Unfortunately, I am not a normal person. I've always been a rebel. And I will not quit till it happens.

In life, the 99% of the people who take the well travelled road will probably have a good decent life.

Those who take the fork in the road, ready for the potential disappointment - but only after giving it their all.....and willing to give years and years and years of effort --- become the 1%.



The only thing is to show the results of my efforts, and tears.



P.S., no resets --- my evaluation was renewed today so I'm good
 
EOD JULY 7

Also, made back 1/4 of my personal account losses from yesterday so I'm calling it a good day

upload_2022-7-7_15-24-7.png
 
SelfMadeDude said:
A normal person would take your sage advice. It makes sense. It is logical. It is the path of least resistance.

And I will not quit till it happens.
More...

I never said you should quit or give up.

I said you should set yourself up for success as a trader and make sure you at least have a fighting chance.

Two scenarios (where you already chose scenario A):

A. Quit your day job. Have a few thousand (!) in your trading account. A rolling evaluation with a get-funded firm. Probably not much savings to cover living expenses.

The most likely scenario is that you'll burn out your savings fairly quickly and blow your account OR not make enough to "make a living". When you're in a position where you HAVE to make a KILLING in order to make a LIVING you're very likely to compound mistakes and take too much risk.

B. Continue trading part-time with small size or even in a simulator while holding a day job. Continue learning. Continue saving money. Accumulate enough money and savings that eventually it doesn't make sense to have a day job.

You're taking route A because you want succes NOW. You feel you deserved it. And it's about time to start reaping the fruits of your labor. I get that. I've been there too.

The sad thing is that taking route A will most likely keep you frustrated and running in circles not really going anywhere and just wasting money.

Taking route B is the fast track. It's just not as fast as you want. If you took that path you could be looking at a nice account by next summer and hopefully increased confidence in what you're doing. But if you're burning up those money now, you're just putting yourself further away from your goal. Broke, with no income and desperate to fund a new trading combine.

PS: I've been full-time many times myself. Mostly undercapitalized each time, so I speak from experience. I want to quit my job, too, but I know that with my capitalization it's not something that would be wise to do.

PPS: With markets trading 24/7 there's really no need to quit my job in a long time either as I can both trade and work. Exhausting of course, but who said getting rich was easy.
 
Overnight said:
Is that the link that opens up from within your account window? If so, thanks, all I wanted to make sure of. That it is not mandatory.

I hate their wording of it..."Follow the progression ladder".

One is not following it, one is actually avoiding it, in my mind.
More...


No problem -- that's the least I can do when you consider all the great encouragement you gave me within a 2-year window (when I first started this thread). :-)

Correct, that is the link that automatically opens from my dashboard.
 
You must log in or register to reply here.
Back
Top