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My Journal of PropTrader's Lite Test
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My Journal of PropTrader's Lite Test

  #1 (permalink)
Trading for Fun
Hyderabad,India
 
Futures Experience: Advanced
Platform: ATAS
Favorite Futures: Futures
 
Posts: 61 since Oct 2013
Thanks: 32 given, 8 received

My Journal of PropTrader's Lite Test

Hi,

I'm a price action based crude oil futures trader.

Soon, I am going to start a Lite Test from the site of PropTrader's and post my daily progress in this journal thread. They're from Russia and I decided to give it a try and see how good they are!

You will also get an idea about them as you see me progress... I took a leap of faith and decided to write this test...
At the end, you can make your own judgement.

The conditions of the LITE test are as follows :

30k initial capital
$1500 drawdown limit
$1500 profit target
$500 daily loss limit
Max. 3 lot
No overnight trading
10 days minimum of trading required to assess

There are two phases of this test. First phase target is $1500 and Second phase target is half of first phase... $750... So, it is going to take atleast a month to complete this process...

Wish me luck!!

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Karlsruhe, Germany
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: n/a with Rithmic
Favorite Futures: fdax, TF, CL, GC, YM
 
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jsk123 View Post

Wish me luck!!

i wish you luck!

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  #4 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: CQG
Favorite Futures: ES, ZB
 
rintin2x's Avatar
 
Posts: 282 since Jun 2016
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I'm also doing it now, but with TST. I wish both of us luck

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  #5 (permalink)
Elite Member
Sydney+Australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: futures
 
Posts: 16 since Feb 2014
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jsk123 View Post

Wish me luck!!

Hi Jsk,

I wish you luck with this company. Would you mind to share why you choose this company ???

Have you done your research about this company?

Thanks,

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  #6 (permalink)
Trading for Fun
Hyderabad,India
 
Futures Experience: Advanced
Platform: ATAS
Favorite Futures: Futures
 
Posts: 61 since Oct 2013
Thanks: 32 given, 8 received


rintin2x View Post
I'm also doing it now, but with TST. I wish both of us luck

Good luck!

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  #7 (permalink)
Trading for Fun
Hyderabad,India
 
Futures Experience: Advanced
Platform: ATAS
Favorite Futures: Futures
 
Posts: 61 since Oct 2013
Thanks: 32 given, 8 received


tr8d3r View Post
Hi Jsk,

I wish you luck with this company. Would you mind to share why you choose this company ???

Have you done your research about this company?

Thanks,

After doing a lot of googling on which companies are offering prop trading opportunity for remote traders, I shortlisted a few ones. This company is one of them... I found that PropTraders is a little bit new company and they hired around 2-3 traders so far.. (could be more... I'm not 100% sure. It is mentioned in their blog...) The lite test is not so costly either... So, I decided to give it a chance...

BTW, I'm living 1000s of miles away from them... but they got an address, an office and most importantly a few funded traders... So, I felt... I'm going to take a chance...

Now... I'll be focusing on the test... cya!

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  #8 (permalink)
Elite Member
Sydney+Australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: futures
 
Posts: 16 since Feb 2014
Thanks: 11 given, 20 received

Jsk, Thanks for your reply.

The reason I've asked is i also looked into this company but after my due diligence i decided not to proceed.

Keep us posted how you go.

Thanks,

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  #9 (permalink)
Elite Member
Wiltshire, United Kingdom
 
Futures Experience: Beginner
Platform: TSTrader(Tradovate)
Broker/Data: Working on a TST combine
Favorite Futures: ES, NQ
 
matthew28's Avatar
 
Posts: 369 since Sep 2013
Thanks: 324 given, 415 received

That is just an exact copy of Topstep Trader. They have four Tariffs/Combines, $30, $50, $100 and $150, with exactly the same targets, maximum position size and drawdown limits as TST. Just a little cheaper but with none of the advantages of a recognised company that has been around for a number of years. Good luck.

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  #10 (permalink)
Trading for Fun
Hyderabad,India
 
Futures Experience: Advanced
Platform: ATAS
Favorite Futures: Futures
 
Posts: 61 since Oct 2013
Thanks: 32 given, 8 received

Day 1


Not a great start... I've traded as per my strategy and met with two losses...

I'm stopping here for today... I'll be trading tomorrow..

Reasons for a tragic day : Clearly, I made error of calculation... -_- My strategy requires me to calculate certain things on the fly and I made error (UNFORGIVABLE!!!! wtf...)... That's the reason... At least I could identify my mistakes now... that's a good thing.. imho...

Including commissions ($5 per round-trip) today's loss is $390.

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No big deal... I will come back... tomorrow

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