Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
From the First post of this thread:
Here are the funded rules I now have to follow on top of the evaluation rules regarding instrument selection and trading times and max daily loss ($1,250) and overall account draw down ($2,500):
1. Volume. Because MES doesn't want people just sitting there doing nothing, I now have to trade at least 50% of the volume during the evaluation. So I have to trade at least 6 trades per day, but this is easy, because I am using the same style and am currently at 10 trades/day.
2. News Releases. During the evaluation there was no restriction here, but now I have to be flat 1 min before, during, and after major news releases.
3. Scaling. During the evaluation, I could trade a full 6 contracts, but now I am limited as follows: 2 under $1500, 4 under $4000, 6 over $4000 profit. This is actually very helpful for me to keep my risk in check.
4. Overall profitability. I must have a positive PnL greater than $0 at the end of the first 15 calendar days and each 15 days, but only for the first 90 days.
TST is not better. From risk perspective its even worse, daily loss limit = weekly loss limit.
2 normal loosing days and you need to stop trading and wait next trading.
Point 1 is normal, ONEUP will cover data feed cost
Point 2 is same. Point 3 basicly same. You can add contracts as you make profit.
Point 3 - if you can't be positive day trading after trading 15 days its bad.
@lemons I think you are missing something about the purpose of an evaluation and changing the rules after the evaluation. That tells me that someone doesn't trust their own evaluation process.
