I decided to see what all the fuss about prop trading firms were.
I never really got caught up in the crypto craze.
I bought a few meme coins and had some fun learning to trade with 5x margin.
But it wasn't good enough. I wanted to experience what the real money traders were gaming.
Futures!
Instead of losing tens of thousands in real money, I decided to see if I can learn futures trading by losing someone else's money first.
After all, these prop trading firms are all over twitter and youtube advertising a life changing experience by earning a "Funded Account"
Earn a real funded account by Trading Futures in a simulated account.
All you have to do is pass.. THE TRADING COMBINE!!!!
It sounds more intense than it is.
They promote strict trading plans and rules, a limited drawdown and a 2 step simulated trading combine that if you don't break any rules, you will earn a "Funded Level Account"
Sounded promising.
I quote "Funded Level Account" for a reason.
All the advertising from influencers and furus on youtube, facebook, and twitter all tell their followers to pass the trading combine and you will earn a "Funded Account"
So I set out on a mission to complete the combine and earn my funded account.
First, It's expensive. You need to pay for a monthly subscription while you attempt to complete the 2 step process.
Second, Should you break any rule for the related step, your account is disabled until your subscription is renewed, or you buy an account reset.
After a few months of trying, I finally completed Step 2 and got excited to get my hands on a real money futures trading account.
BUT YOU DON'T GET ONE!
A real money futures trading account that is.
I got some bad certificate that reminds me of the ones you get from online college course.
I got a lot of congratulations, but 1 thing I didn't get, was what all the furu's were telling me I would get.
Instead, they wrap a bunch of words around other words to make it seem like you earned a real money account.
"Funded Level Account" is the one that makes me laugh the most.
Now that I completed the 2 step combine, they are only offering one of two options for a "Funded Level Account".
Pro Account - Which is just another simulated environment in which you need to earn 5k in a simulated account before you can get a real money account.
Express Funded Account - Which is just another simulated environment in which you need to earn 5k in a simulated account before you can get a real money account AND you have a liaison who apparently will monitor you risk and trades to determine if you qualify for a real money account.
They don't even give me an option for the "Funded Account" which is what I was promoted for joining.
Sorry If I sound like I'm venting, its because I am pissed.
This is more a ponzi scheme than all of crypto put together.
So I have 3 choices now, which do you think I should pursue.
A) Pro Account. No resets, If I fail, you lose the funded level.
B) Express Funded Account. Try to impress them with my charm. No resets, if I fail, you lose the funded level.
C) Get Loud. Get Legal. Get a Refund.
Let me know what you think I should do in the comments below.
I never really got caught up in the crypto craze.
I bought a few meme coins and had some fun learning to trade with 5x margin.
But it wasn't good enough. I wanted to experience what the real money traders were gaming.
Futures!
Instead of losing tens of thousands in real money, I decided to see if I can learn futures trading by losing someone else's money first.
After all, these prop trading firms are all over twitter and youtube advertising a life changing experience by earning a "Funded Account"
Earn a real funded account by Trading Futures in a simulated account.
All you have to do is pass.. THE TRADING COMBINE!!!!
It sounds more intense than it is.
They promote strict trading plans and rules, a limited drawdown and a 2 step simulated trading combine that if you don't break any rules, you will earn a "Funded Level Account"
Sounded promising.
I quote "Funded Level Account" for a reason.
All the advertising from influencers and furus on youtube, facebook, and twitter all tell their followers to pass the trading combine and you will earn a "Funded Account"
So I set out on a mission to complete the combine and earn my funded account.
First, It's expensive. You need to pay for a monthly subscription while you attempt to complete the 2 step process.
Second, Should you break any rule for the related step, your account is disabled until your subscription is renewed, or you buy an account reset.
After a few months of trying, I finally completed Step 2 and got excited to get my hands on a real money futures trading account.
BUT YOU DON'T GET ONE!
A real money futures trading account that is.
I got some bad certificate that reminds me of the ones you get from online college course.
I got a lot of congratulations, but 1 thing I didn't get, was what all the furu's were telling me I would get.
Instead, they wrap a bunch of words around other words to make it seem like you earned a real money account.
"Funded Level Account" is the one that makes me laugh the most.
Now that I completed the 2 step combine, they are only offering one of two options for a "Funded Level Account".
Pro Account - Which is just another simulated environment in which you need to earn 5k in a simulated account before you can get a real money account.
Express Funded Account - Which is just another simulated environment in which you need to earn 5k in a simulated account before you can get a real money account AND you have a liaison who apparently will monitor you risk and trades to determine if you qualify for a real money account.
They don't even give me an option for the "Funded Account" which is what I was promoted for joining.
Sorry If I sound like I'm venting, its because I am pissed.
This is more a ponzi scheme than all of crypto put together.
So I have 3 choices now, which do you think I should pursue.
A) Pro Account. No resets, If I fail, you lose the funded level.
B) Express Funded Account. Try to impress them with my charm. No resets, if I fail, you lose the funded level.
C) Get Loud. Get Legal. Get a Refund.
Let me know what you think I should do in the comments below.
Comment:
Day 3: 1085
Quick and easy single trade for employment report Friday at 8:30. I use a ratio of 4:1 for my stops using only 1 contract for econ releases gives me a larger stop tolerance.
Trade usually gets stopped out on economic releases regardless of final direction so I don't recommend this strategy. I got lucky.
Quick and easy single trade for employment report Friday at 8:30. I use a ratio of 4:1 for my stops using only 1 contract for econ releases gives me a larger stop tolerance.
Trade usually gets stopped out on economic releases regardless of final direction so I don't recommend this strategy. I got lucky.
Comment:
Day 4: 950
Today based on overall market sentiment shift higher because of a possible soft landing I traded the 5m opening candle on NQ futures.
the 2 candles following, I bought the 5m open candles bottom twice for most of todays profits.
Today based on overall market sentiment shift higher because of a possible soft landing I traded the 5m opening candle on NQ futures.
the 2 candles following, I bought the 5m open candles bottom twice for most of todays profits.
Comment:
Day 4. I continued trading yesterday and earned 2500 total for the day.
Day 5. Volatility this morning was difficult and I lost 980. ($20 from violating a rule).
To receive any payout, I need to have 5 positive days before violating a rule).
Day 5. Volatility this morning was difficult and I lost 980. ($20 from violating a rule).
To receive any payout, I need to have 5 positive days before violating a rule).
Comment:
So bad news. I logged back in after Day 5 and my account was closed because I broke the 1000 limit by $5.
This is the second time I have logged out of the trade flat and had not exceeded the limit but logged in after close to find the account over the drawdown.
These guys are a Fraud.
If you're doing these funded accounts, don't let your drawdown get anywhere near the limit and if it does, have a recording of it because they will nudge you over if they see the opporuntity.
This is the second time I have logged out of the trade flat and had not exceeded the limit but logged in after close to find the account over the drawdown.
These guys are a Fraud.
If you're doing these funded accounts, don't let your drawdown get anywhere near the limit and if it does, have a recording of it because they will nudge you over if they see the opporuntity.
I chose to go hard or go home. option B.
Day 1 900
Day 2 -800