Step 1 and Step 2 is simulated. They only pay up to 80% if you pass the challenge rules (including consistency rule). I am doing the Retail trader one. Step 2 profit target is 10k. If I make 10k and pass all their rules I can only keep 8k. It says up to 50k for the retail trader one on their website. Not sure why they say 50k and can only make up to 8k.
T3 Trading Group is going to be funding traders
- Thread starter chris500
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Would I be better off saving 500 to 705 for the Retail Tradrr Plus? It skips the performance test and you are at Step 2 and you'd need to make 15k. If you successfully don't break the rules and pass the consistency rule and make 15k you get to keep 80% of it, 12k. Depending on what rules you select it could be between 500 and 705 a month for the Retail Tradrr Plus account
I was thinking maybe just try for a month, hopefully, can pass the challenge. For $500 they have a default 1k daily loss limit, weekly loss limit of $2,500, and default trailing max drawdown of $3,500. If I removed the 1k daily max loss it is $49.00, remove the $2,500 weekly max loss limit it is $49.00 extra, and bump up the trailing max loss drawdown to either 4k for $49 or to 5k for $99. After a month if I failed the challenge I would cancel the account. Or would I be better off using the Retail Tradrr challenge for $200 a month? The default daily max loss is 1k, you can remove it for $49. The Weekly max loss is $1,500, can remove for $49. And the default trailing max drawdown is 2k, it can be increased to $2,500 for $49.00. Or you can increase it to 3k for $99.
I was thinking maybe just try for a month, hopefully, can pass the challenge. For $500 they have a default 1k daily loss limit, weekly loss limit of $2,500, and default trailing max drawdown of $3,500. If I removed the 1k daily max loss it is $49.00, remove the $2,500 weekly max loss limit it is $49.00 extra, and bump up the trailing max loss drawdown to either 4k for $49 or to 5k for $99. After a month if I failed the challenge I would cancel the account. Or would I be better off using the Retail Tradrr challenge for $200 a month? The default daily max loss is 1k, you can remove it for $49. The Weekly max loss is $1,500, can remove for $49. And the default trailing max drawdown is 2k, it can be increased to $2,500 for $49.00. Or you can increase it to 3k for $99.
It is now $750 a month for stocks if you make it to step 3. They said if you pass step 1 and step you don't have to pay the monthly subscription.
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It was good. Tough with 2k trailing max drawdown even with 100k BP. Also, had 1k daily max loss and 1,5000 weekly max loss. I used Sterling, which I love. No. I failed the challenge, unfortunately. I am saving up my own money to trade live. Onboarding is quick and easy.
Yea. I see. I think I will save my own money to trade. If I have 500 I can go with Schwab. I need at least 1k or more if I go to CMEG.