Passed the SMB Futures tryout in 15 days

The patterns are too similar. The same copy-paste manner of posting/streaming, and the amount of money you spent on these Olympics is enough to fund your own small account and go, go, go, go...
Even title semantics are similar: he has this "what is the best Shit to go through in 2020?" which is right in your screen-name, Sir.
 
Whatever - you are wrong as I am not the same person but if you feel better believing that in your message board policeman fantasy go ahead and live in that delusional fiction

apdxyk said:
The patterns are too similar. The same copy-paste manner of posting/streaming, and the amount of money you spent on these Olympics is enough to fund your own small account and go, go, go, go...
Even title semantics are similar: he has this "what is the best Shit to through in 2020?" which is right in your screen-name, Sir.
More...
 
Sure, you are just an amateur wannabe. And you don't answer the FCM question above because you have an NDA? Not, of course. But you are legally literate enough for some reason. And declaring an opponent crazy is all too common again. You, yourself, need to learn The Method in order *to look* uncommon/crazy enough to be taken seriously by me. Otherwise, I wish you success. At least, you are not a drug pusher...
 
trade2020 said:
You just need to contact their support as I simply took the tryout and passed and I am waiting on getting started with the funded account
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Hey Trade2020, thanks a lot or all your posts in this thread. Please don't let the "unpleasantrys" stop you.. I've been thinking about doing the SMB tryout. It would be great if you let us know how it goes when you get funded. I'm also curious how long that process takes and if you need to pay any fees to be a remote trader. I've read their website a bunch of times and I like Merritt, I think the funding arrangement is reasonable considering you can get up to a 25k drawdown within 6 months and I'm sure they're happy to scale you up if you're making money.. I'm good with their 1k drawdown limit, I'm planning to trade MES and give myself a $500 daily max, my style is scalping so that gives me a bunch of trades before I hit the limit.. Congrats on passing E2T as well, cheers~!
 
RE: Earn2Trade. I have failed it a few times. The trailing drawdown just doesn't work for my style of trading. Personally, I think its unfair, since in real life there is no trailing drawdown. At first it doesnt seem like a big deal but with my style it really sucks.

Ex: I scalp and look to enter 2 positions, I take my first profit around 1R and look to get 2R or 3R on my second. (2R = 2 risk multiples, ex: 6 point stoploss, 2R = 12 points)

What happens though is that often enough, my 2nd doesn't get to the target and retraces, if I think the trade is still good, I'm willing to cover my fees and break even on the 2nd, or I might even enter a second lot when it comes back near my entry.

Because the Trailing Drawdown is on open trades, every single time you've got a bit of profit and it retraces, your drawdown limit moves up. If you do 10+ trades a day and this happens 1/2 the time, then it doesn't take very long until you have very little room. This also happens on your losing trades that go a few points in your direction first.

Since this does not happen in real life (there are no trailing drawdowns when you have a trading account) I don't see why it should happen when you're trying out to manage funds.

As other people have pointed out, the "Regular Gauntlet" also isn't a very good deal in my opinion. If I pass and have a 7% drawdown, its $1500, 10% drawdown is $1000. Meanwhile it costs $429 to take the test and you need to trade 60 days. In my opinion you'd be better off trading micros with a $1500 account or with my forex broker I get a 0.40 point spread on US500 and no commissions and it's $1 USD per point..

Looking forward to more competitors coming into the space.. Thanks Trade2020 for the tip on FTMO, I'm going to check them out.. I have no issues using my futures feed to make decisions and trading a CFD..
 
TropicalTrada said:
RE: Earn2Trade. I have failed it a few times. The trailing drawdown just doesn't work for my style of trading. Personally, I think its unfair, since in real life there is no trailing drawdown. At first it doesnt seem like a big deal but with my style it really sucks.

Ex: I scalp and look to enter 2 positions, I take my first profit around 1R and look to get 2R or 3R on my second. (2R = 2 risk multiples, ex: 6 point stoploss, 2R = 12 points)

What happens though is that often enough, my 2nd doesn't get to the target and retraces, if I think the trade is still good, I'm willing to cover my fees and break even on the 2nd, or I might even enter a second lot when it comes back near my entry.

Because the Trailing Drawdown is on open trades, every single time you've got a bit of profit and it retraces, your drawdown limit moves up. If you do 10+ trades a day and this happens 1/2 the time, then it doesn't take very long until you have very little room. This also happens on your losing trades that go a few points in your direction first.

Since this does not happen in real life (there are no trailing drawdowns when you have a trading account) I don't see why it should happen when you're trying out to manage funds.

As other people have pointed out, the "Regular Gauntlet" also isn't a very good deal in my opinion. If I pass and have a 7% drawdown, its $1500, 10% drawdown is $1000. Meanwhile it costs $429 to take the test and you need to trade 60 days. In my opinion you'd be better off trading micros with a $1500 account or with my forex broker I get a 0.40 point spread on US500 and no commissions and it's $1 USD per point..

Looking forward to more competitors coming into the space.. Thanks Trade2020 for the tip on FTMO, I'm going to check them out.. I have no issues using my futures feed to make decisions and trading a CFD..
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Hello TropicalTrada, we have to disagree with you on one point. In real life there definitely is a trailing drawdown when you are using someone else's money. That is the only point to the trailing drawdown. As soon as you clear the risk and bring the trailing drawdown to your starting balance it is over. Then you are free to trade as you like. At that point it is just as you would be trading your own account, without a trailing drawdown. The trading firm puts limiting its risk and the preservation of capital above everything. It expects the traders to exercise the same caution with its money.
 
Well, fair enough E2T, your service is definitely a step up from Topstep since you only have to pass yours once.

Anyhoo, I've done my research and LOVE FTMO. I can't believe I've never heard of them before as I've done a lot of research on all these companies. I see there's lots of excellent reviews for them on forexepeacearmy .

FTMO - you can even have multiple accounts! I prefer trading cfd's actually because I can let winners run and still trade new setups. (ex: if I think a trade setup has a good probability of also being the low/high of the day, I can scalp 2/3 of it and leave the rest as a no risk trade and still take my next scalp setups. There are low spreads for US500 and no commissions which is great because I often end up with 20-30 round-turns a day... 70% profit split and money transfer to paypal... SO STOKED.. You can even have multiple accounts and they bump up your size by 25% every 4 months as long as you're up 10%...

DUDE, this is what I've been waiting for. THANK YOU @trade2020
 
The fact that these places have "sales" is about all you need to know. I don't know about the firm that jumped into this thread, but think about it people. Seriously?!?

"We are looking to fund traders, and give them 80 percent of the gains. In fact, we are so interested that we are willing to have a sale on the cost of doing this."

If it looks to good to be true, well it probably is. There are real firms out there, but you need a track record. What is it about trading that people think they can run a multi million dollar business with an entry fee of $300?
 
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