Over the course of the last year, I have noticed several trends in my personal trading. I have a few great days in a row but seem to get overconfident and throw my risk management to the side. This has always resulted in a suboptimal outcome.
In this regard, rather than wasting my own capital, I have chose to follow earn2trade's risk management policies. I am currently enrolled in a (75k) mini-gauntlet and am adhering to their risk management guidelines. They allocate a 1750 max daily loss, 2750 trailing draw-down, and require $4300 (5.73%) in profit over 15 trading sessions. They do allow overnight trading which is huge for me considering that my full time job is irregular in its hours.
I am a scalper who likes to trade /ES, /GC, /HG, /CL, and /6E futures. I have created this journal to document the steps taken to becoming a funded trader with Earn2Trade. I hope to continue journaling on a regular/semi-regular basis after that. Not having to fund my own account takes a tremendous amount of pressure off of me and I am happy that programs like this exist.
Day 1 9/29/20:
Placed 3 good trades on /CL to the short and long side. 2 good trades on /ES to the long side. Used the contract maximum of 3 contracts for 2/5 of these trades. I intend on sticking to this contract maximum even if it E2T expands my margin since 2-3 contracts seems to be my sweet spot at this point. This was also where I was the most successful when I was live trading my own account.