Question to Pro (in wish of your advice)

[Xela]

I'm sorry, there is some misunderstanding, can be the lack of the language.

Yes - sorry: that's my fault as much as yours. We're communicating in English but it isn't the first language of either of us.

for example I'll pass 30K or any other TST package, with new of their rules, trader needs only two weeks (with weekends) to get funded.

Yes, if you can reach the target quickly enough, now the first part of the Combine has been reduced from 10 days to 5, I see that. (I suspect that for most people taking it more slowly increases their chances of passing, but that's a different point!).

1 lot of 2 lots is HALF of buying power. If I get early or late entry, I do get loss position. So it seems I can't use my 10-15 lots (as it's provided in practice account) to rebalance and move losing position to 0.

Day trade.
With 1 or 2 lots and high success rate, need about month to get 1 more lot, and weeks to get another one, so it can be 2-3 month to get 10-15 lots... 100 days of work to have finally normal working environment.

Yes, I see what you mean ... but 10-15 lots is pretty huge, for a "small retail trader". I can't remember how many years I'd been trading before reaching 10 lots, myself ... 2-3 months doesn't sound too bad, to me. But I do see what you mean.

Once again, todays I can work with any market (fully by TA) commodities, fx or cryptos, BUT only in once case, if there is a chances to move comfortable, i'm ready to and risk up to 5-10% per trade and get the similar results you see in previous attachment.

Well, again all I can do is wish you good luck ... (I had a different approach, myself. My maximum risk, ever, was 1% per trade, and I reduced that as my account grew significantly. I haven't ever seen a method of trading that can survive 10% position-sizing over the long-term, but again, that's another matter!).

 

[GFX]

Yes, that is the point, many years spent to find the entries, I usually prefer middle term opening position 3 to 5 days on FX, but scalping if more fun.

Thank you

 

[volpri]

Please don't take on debt so close to a recession.

No recession on the horizon....

 

[abnormal]

omygod

 

[GFX]

Half Italian,
ty for your reply, found your 300k start, thats huge.

anyone, any other advices how to get into the big game a little faster?

(Well not the highest, searching for a way to get 100 lots, to work with 1-5-10 intra day)

 

[humbletrader2016]

I wish there is a shortcut to tell you, but there is none.

I were in similar situations like yours before. Worst part is when I fell to the bottom, I got no support from anybody including the close ones. They all disappeared slowly.

It took more than a decade for me to figure out how to trade like an elite trader with stable income. By the time I created some reliable trading systems to trade which I spent more than 14hrs a day and close to 360 days/year for 6 to 7 years, I was broke and out of professional jobs because my skills and knowledge were outdated. By the way, I graduated from well-known universities in Canada with three degrees related to computer science & finance. I also worked for financial industry for more than 8-year with good salary package. I quit my full-time job so I could concentrate on being a day trader and a boss of my own. Guess what, I ended up to work as a general labour during weekdays and a construction worker during weekend so I could earn some cash for living and getting back to this game.

Fast forward to the present, it took me more than a decade to trade profitably as a full-time trader and I only trade e-mini futures and options. I owned 2-house few years back which I just sold one with profits and selling another one at the present. I plan to trade and travel around the world by the end of this summer for the next few years.

If I were you, I would take Xela's advice to start Trading Combine 50K to try out your trading system in order to get you back to the game. Other than that, I don't see another way to get rich fast by using your trading system.

GOOD LUCK

 

[humbletrader2016]

One last post on your thread is that it's so easy to make mistakes while you are in a desperate or hurry mood because you might end up to trade emotionally. So, I suggest you to take one step at a time and build yourself up from there.

 

[GFX]

humbletrader2016,

Thanks for deep reply, this is very important & I appreciate spent time.

But there is one but, I'm not about trading system profitability, with this i'm done. This is not "I'm done" when you are done 1000 times before. When I say I can pass TST i mean that and I can prove it with easy. But I'm not ready to work with 1 or 2 provided lots after the funding. Just imagine how long it will take to move to real work.

You are right, and I'm not going to trade right now, as I don't have an opportunity.

Made a small research, it seems nobody cares if you can provide 1 or 2 month of statistic, or trade a demo, minimum is 1 year, but how can you provide 1 year if you found real entries simply "now".

The reason of starting the discussion is to find the KEY to the question, how the retail trader can prove he can trade and get simply invested.

 

[humbletrader2016]

Well, I already did all those things that you are trying to do. All I can say is that it's a waste of time because you don't have a good track record greater than 3-year from live trading, not paper trading. It's ironic because by the time you make good incomes from trading, you don't need to prove anything to anybody and trading for anyone.

To me, 50K Trading Combine isn't little because trading with 5-lot, you could make $500 to $1000 almost everyday easily with volatility these days. Once you pass both steps and generate profits, you can use your profits to register for 15-lot Trading Combine. I assume that it won't take you longer than 2-3 months to trade 15-lot account since you are so confident with your trading system.

Again, good luck.

 

[GFX]

Yeah, I was wrong to think having profitable system is enough.
And you are right, I'll jump in to FX with if I get $1K or TST, there is no other choice.

Thank you for your advices.