BackInTheGame78
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- Sep 10, 2014
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Decided to create a log here, mainly to track my progress for getting funded as a trader. I think I am ready and can take the next step.
Went with Apex Trader Funding as they have a pretty great deal on Eval accounts at 80% off, meaning it will cost me $45/mo until I pass the eval. Much better than any other place I found.
I chose the 100K account and the rules are pretty simple:
1) target is 6K profit before a 3K trailing drawdown is hit. This makes it much harder since the trail is from the highest equity point. So for instance if you start a trade and it goes up to +500 then falls back to -100 and you get stopped out, your drawdown goes down by 600 not 100.
2) Trading Futures Contracts and they are day trading only as you must close them by the end of business each day. Kinda weird since there is an hour they are down and then you can start trading again. Except for agriculture which have some weird hours like 8pm-8:45 am and 9:45am to 2:20pm. And livestock which is like 9:30am to 2pm.
3) Must trade on a minimum of 7 days.
4) Your biggest win cannot be more than 30% of profit goal. Basically they want to see consistency versus one big trade. And of course make it more difficult.
I don't like the index futures and leave those alone.
Started 4 days ago, will post my trading logs and P/L each day with rationale for why I took the trade and the result.
Went with Apex Trader Funding as they have a pretty great deal on Eval accounts at 80% off, meaning it will cost me $45/mo until I pass the eval. Much better than any other place I found.
I chose the 100K account and the rules are pretty simple:
1) target is 6K profit before a 3K trailing drawdown is hit. This makes it much harder since the trail is from the highest equity point. So for instance if you start a trade and it goes up to +500 then falls back to -100 and you get stopped out, your drawdown goes down by 600 not 100.
2) Trading Futures Contracts and they are day trading only as you must close them by the end of business each day. Kinda weird since there is an hour they are down and then you can start trading again. Except for agriculture which have some weird hours like 8pm-8:45 am and 9:45am to 2:20pm. And livestock which is like 9:30am to 2pm.
3) Must trade on a minimum of 7 days.
4) Your biggest win cannot be more than 30% of profit goal. Basically they want to see consistency versus one big trade. And of course make it more difficult.
I don't like the index futures and leave those alone.
Started 4 days ago, will post my trading logs and P/L each day with rationale for why I took the trade and the result.
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