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Seriously, I wish you success with both your journal and your trading and your funded account. I just wish I could see it.
Respectfully (literally respectfully, I am not just "being polite"), there are people here without (yet) the means or ability to pay for elite membership. Being unable to buy something online for $150 does not preclude legitimately being interested enough in trading - especially with funded accounts potentially available - to join and participate in this forum.
It is an observation only, not a complaint!
I appreciate that there may also be a valid perspective that some will be more willing to pay to become elite members, and that the forum may very legitimately prefer such threads to be in the more private, paid-for section. But there are also some of us (I do not claim or imagine to be alone) who are disappointed by this, and - to be very honest - more alienated than attracted by the requirement to pay $150 to a forum that is at the same time selling sponsorships to trading industry businesses for five-figure sums.
I apologise - sincerely - if I sound like a "whiner". That was not my intention. But having to pay to read your trading journal puts me off it, a bit. It does not encourage me to pay. Maybe it's a minority perspective, and I wish you well anyway, but I think it's also a legitimate perspective. Again, I intend no impoliteness!
I am sorry you are unable to access it. This is the first time I am posting my trades etc. publicly, so I thought I will start by keeping it private outside of Google search results. That is the only reason I posted in the Elite section. I am not sure if there is a way to move it. If this goes well, the next one I post will be in the non-elite section.
Hey all, I just paid for elite status for other reasons and this thread caught my eye. I scanned over some of the responses and thought I'd throw in my 2c. It's my personal belief that these CAN work despite all the hurdles they throw at you. The prop firm I chose really tilted you towards the $50k account and I bought in when they ran a "sale" that has since seemed to NEVER END. It's hilarious, and I kind of think that they get a LOT of their revenue from the fees. I'll elaborate.
Step one, buy a $50k account sub for $34 after their discount.
Step two, PASS in one day.
Step three, Buy into the Paid account for $140 lifetime fee (this is ONE time as long as you don't blow it).
Step four, reap the rewards.
Well, the jig is up. Their trailing drawdown works from the MAX ACCOUNT VALUE and is a meager $2500 on a $50k account. This means, you get into an awesome 10 contract trade and seconds later you're up $3000! yay right? Well, you've hit the wall by now, and the market reverses and your trade slides back $2501. YOU'RE OUT and they keep the paid fee, they keep the extra $2500 in the account. You get kicked back to the peewee league. Ask me how I know :S
Once you've established a base over the $50k the max liquidation value of the account becomes $50,001 and the drawdown no longer follows you. My goal is to maintain $10k plus the original 50k in the account to allow for more aggressive trading but for me the key has been limiting my trades to 2 to 4 contracts on easily scalp-able futures like gold and DOW. get in, get out when in profit. Baby step it until I have some of my own capital in there to lose without blowing the account. my 50k account I've got up to 51,150 so far, literally just chunking it higher $100-200 at a time. and there's no more monthly fees.
I just bought 3 more $250k accounts. the max drawdown on them is $6500. Blew the first one on day one trading 20 contracts. was $6000 up on 2 trades, took the third and whoops. will be more careful with the next 2.
