Small Funded(Live-Sim) Account Journal

@Millionaire They allow me up to 30 Micro Mini's.... but that's just way too stressful and one mistake account could be gone.

Typically I trade 1-2 lots max. But I do allow myself the freedom to go up to 3 lots.
 
Overnight said:
You mean trying to fit your parameters within their's, with extra cushion? Nah, in my mind that is cheating. I think you should flagellate yourself and reset your account and start over. Because if you break THEIR rules, they will not be so kind as to give you a free pass, as you are giving yourself.
More...


True, but the main thing here is the drawdown / Daily loss limit. If I violate that one, even my own personal one. Than I would more agree with you. Not taking every setup as a perfectly defined trade, is not good, but I am human and sometimes whether I mean to or not, by accident or not, I won't always be taking the perfect setup.

The contract size was a mistake I made. Again not ideal, but their limit is 30 Micro Mini's. So, again leaving myself a cushion is smart imo, in case I do make mistakes since I am human. Just my perspective and view though of course.
 
Concinnity said:
True, but the main thing here is the drawdown / Daily loss limit. If I violate that one, even my own personal one. Than I would more agree with you. Not taking every setup as a perfectly defined trade, is not good, but I am human and sometimes whether I mean to or not, by accident or not, I won't always be taking the perfect setup.

The contract size was a mistake I made. Again not ideal, but their limit is 30 Micro Mini's. So, again leaving myself a cushion is smart imo, in case I do make mistakes since I am human. Just my perspective and view though of course.
More...

30 micros on a 1500 account? That is suicide. What company is that? Sheesh.
 
Overnight said:
30 micros on a 1500 account? That is suicide. What company is that? Sheesh.
More...


LOL they pretty much are all like that. All of them will allow 20-30 micro mini's on a "25k" account.


EDIT: Oneup trader is the only one that doesn't, but that's by default because last time I checked they don't give any consideration to it being a micro or a mini, they still count it as one contract.
 
Concinnity said:
LOL they pretty much are all like that. All of them will allow 20-30 micro mini's on a "25k" account.


EDIT: Oneup trader is the only one that doesn't, but that's by default because last time I checked they don't give any consideration to it being a micro or a mini, they still count it as one contract.
More...

Indeed. Well, don't do that! heh
 
rb7 said:
Thanks for the clarification. I wasn't aware that this type of 'trading business' exists.

I find it weird though. The possibility to withdraw real money if your paper trading account is making money!!!
Where the hell do they take the money that you withdraw???
More...
Seems like a great deal for the company because most fees will never be repaid by losing traders. They will pay a small percentage of everyone's fees to the profitable sim traders.
 
Oh boy looks like another tough day (to start trading at 9:30). Market already down a lot, yet terrible environment for longs here generally speaking, but if shorting run the risk of getting caught in a temporary sharp short cover rally.

Just going to take trades as they come, don't really have a bias here as it isn't going to do me much good given how much we've already came down. Just look for setups and use reasonable risk management.
 
Concinnity said:
Oh boy looks like another tough day (to start trading at 9:30). Market already down a lot, yet terrible environment for longs here generally speaking, but if shorting run the risk of getting caught in a temporary sharp short cover rally.

Just going to take trades as they come, don't really have a bias here as it isn't going to do me much good given how much we've already came down. Just look for setups and use reasonable risk management.
More...
On the contrary, it will be a very good day for day-trading, with lots of volatility. Not like yesterday, where the market wasn't moving much.
 
You must log in or register to reply here.
Back
Top