God's Trading Journal - Faith, Karma & Beyond - futures io
futures io futures trading



God's Trading Journal - Faith, Karma & Beyond


Discussion in Trading Journals

Updated by LastDino
      Top Posters
    1. looks_one iqgod with 8 posts (9 thanks)
    2. looks_two lexknight with 2 posts (2 thanks)
    3. looks_3 LastDino with 2 posts (3 thanks)
    4. looks_4 nguyen74 with 1 posts (1 thanks)
      Best Posters
    1. looks_one LastDino with 1.5 thanks per post
    2. looks_two iqgod with 1.1 thanks per post
    3. looks_3 lexknight with 1.0 thanks per post
    4. looks_4 nguyen74 with 1.0 thanks per post
    1. trending_up 532 views
    2. thumb_up 16 thanks given
    3. group 5 followers
    1. forum 13 replies
    2. attach_file 2 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • 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 and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

God's Trading Journal - Faith, Karma & Beyond

(login for full post details)
  #1 (permalink)
Legendary Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,626 given, 2,944 received

In a dark time, the eye begins to see,
I meet my shadow in the deepening shade;
Winding path? The edge is what I have.

At odds with circumstance? The day’s on fire!
I live between the bull and the bear,
Beasts of the market and serpents of doom.

A man goes far to find out what he is—
Death of the self in a long, tearless night,
I know the purity of pure despair,
Dark, dark my light, and darker my desire.

A fallen man, I climb out of my fear.
The mind enters itself, and God the mind,
And one is One, free in the tearing wind.





"I've adapted the poem to suit our path as Traders."

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to iqgod for this post:

Can you help answer these questions
from other members on futures io?
Thinkscript for scanning in Option Hacker
ThinkOrSwim
I have segregated my investment and trading
Psychology and Money Management
Trade Summary Error
MultiCharts
Tracking passive Buyers/Sellers on footprint
Traders Hideout
QDEL
Stocks and ETFs
 
Best Threads (Most Thanked)
in the last 7 days on futures io
VWAP for stock index futures trading?
48 thanks
VWAP oscillator for NT8
15 thanks
Coronavirus COVID-19
13 thanks
Battlestations: Show us your trading desks!
12 thanks
Bitten by FOMC
8 thanks
 
(login for full post details)
  #2 (permalink)
Legendary Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,626 given, 2,944 received

Started a Earn2Trade Gauntlet Mini with a good day:


MINI GAUNTLET Yesterday's Profit $1362.50


This will be difficult to beat... they have a rule that says no day should account for more than 30% of the $3000 profit target.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #3 (permalink)
Legendary Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,626 given, 2,944 received


Trading an Earn2Trade 50K mini-gauntlet and a TopStepTrader 50K combine simultaneously.

So which one do I recommend?

E2T is NOT recommended, as it looks like a TopStepTrader Combine from 6 years ago... rules rules rules that are not designed to advance you as a trader but are designed into exploiting any of your possible silly mistakes.

Wjat are these rules?

1. Progression Ladder
2. Maintain consistency - No day shall account for more than 30% of your profits.

The latter rule is even harsher because probability firmly goes to the favour of the 'casino'.



TopStepTrader is now okay with respect to rules, because the above restrictive rules no longer apply. My progress in TopStepTrader was faster because I could have outsized days without being penalized:





TST PRofit after two days: $1,652.40

Earn2Trade Profit after two days: $1816

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #4 (permalink)
Montreal, QC, Canada
 
Experience: Beginner
Platform: Jigsaw Daytradr
Broker: Tradovate
Trading: ZB & UB
 
lexknight's Avatar
 
Posts: 37 since Apr 2020
Thanks: 23 given, 52 received

Nice post, great day. I also have been with TST and E2T. I kind of prefer E2T for the 30% rule, the reason being it keeps me from over trading. 15 days, $3K profit goal, make roughly $200 a day and I'm good. With TST I was way over trading and it caught up to me a few times, but that's a me problem, not a TST problem. Both have the progression ladder on # of contracts, TST is only in Step 2 though. I agree that the 30% rule on E2T kind of cramps some peoples style, like you who made a huge amount, now that almost works against you since you'd have to make well above $3K to have that 1 day be less than 30%.

Not really a fan of Finamark that E2T offers for free, but the Rithmic Pro isn't bad. I also use Jigsaw Daytradr (paid) which works for both TST and E2T so their software isn't really a factor. I do like the Tradovate platform though that TST uses, some day when I venture out on my own I'd probably open an account with them.

Regardless, best of luck on both I'll be following along.

Reply With Quote
The following user says Thank You to lexknight for this post:
 
(login for full post details)
  #5 (permalink)
Legendary Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,626 given, 2,944 received


lexknight View Post
Nice post, great day. I also have been with TST and E2T. I kind of prefer E2T for the 30% rule, the reason being it keeps me from over trading. 15 days, $3K, make roughly $200 a day and I'm good. With TST I was way over trading and it caught up to me a few times, but that's a me problem, not a TST problem. Both have the progression ladder on # of contracts, TST is only in Step 2 though. I agree that the 30% rule on E2T kind of cramps some peoples style, like you who made a huge amount, now that almost works against you since you'd have to make well above $3K to have that 1 day be less than 30%.

Not really a fan of Finamark that E2T offers for free, but the Rithmic Pro isn't bad. I also use Jigsaw Daytradr (paid) which works for both TST and E2T so their software isn't really a factor. I do like the Tradovate platform though that TST uses, some day when I venture out on my own I'd probably open an account with them.

Regardless, best of luck on both I'll be following along.

So in essence I think the wise decision is probably to save and trade the micros instead of using these sim accounts.

A small account can be grown manifold... these sim accounts probably act as deterrants for developing a true trading mindset - that mindset is that there cannot be a safety net against the 'I'.

If these sim trials are designed to protect me from me, I think the best option is to work on that issue from Day 1.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to iqgod for this post:
 
(login for full post details)
  #6 (permalink)
Legendary Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,626 given, 2,944 received

I think typing out that post above made me realize that I am wasting my time with both TopStepTrader and Earn2Trade.

I think its better to work with real money and be a real trader than be a sim one.

Good I realized this early enough, instead of going through 'earning' an account and then 'retaining' that account and 'losing funding' because of some nitpicky 'rule' that make no sense in the real trader's universe.

I will stop posting this sim 'glorification of self' - time to get real now. If not now, when? :-)

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (permalink)
Montreal, QC, Canada
 
Experience: Beginner
Platform: Jigsaw Daytradr
Broker: Tradovate
Trading: ZB & UB
 
lexknight's Avatar
 
Posts: 37 since Apr 2020
Thanks: 23 given, 52 received

The general consensus I've seen in various forums is to go through the program, either one, use it as a testing ground to see if you have what it takes and/or even like trading, without risking much capital. Then, if you do breeze through it, make a few grand, then liquidate your account and open your own account. That's my general plan as well. (except the breezing through part, I screwed up my TST a few times).

I agree though it's easy to not trade the same as you might with real, real money. I know I haven't. A few times with TST when I was down a bit, I'd just hail mary it and try and make it all back, blow up the account, and reset, because its easy. Unfortunately there's no resets in the real world with your money.

I wouldn't say it's a waste though, and you already paid your memberships for them. Just do your thing, pass, grow some capital in the funded account, and pull it out to go out on your own. Nothing wrong with using their program and get some money out of it. You are probably in for roughly $180 USD (or less if you used one of the various promos) on each, spend the 15 days total to pass, another X days to build some capital in a funded account and by end of July you are all set up. Just my opinion and/or my overall plan.

Reply With Quote
The following user says Thank You to lexknight for this post:
 
(login for full post details)
  #8 (permalink)
Legendary Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,626 given, 2,944 received

So then we are back at the question:

- Are these 'gaming' sites? (Yes!)
- Is it possible to get into bad habits by trading sim which permits going on tilt? (Yes!)
- Is it enough to achieve some form of learning on sim - can it really be applied to the real world - this I believe is the only non-rhetoric question here.

So the conclusion is I am wasting my time (playing the market instead of trading the market) unless I am taking it as a learning period before RETURNING (and this is important) to the real market.

Last two days I traded with abandon, letting go of my fear, getting into the flow if the market and achieved fabulous returns.

However it is just vanity if I publish this as an accomplishment.

Future posts will be of real money. I am cancelling these subscriptions soon, two days are two days too many.

Let's see if I manage the letting go of my fear and achieve fabulous returns IN ACTUAL.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to iqgod for this post:
 
(login for full post details)
  #9 (permalink)
Legendary Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,764 since Feb 2012
Thanks: 3,626 given, 2,944 received

This line from Earn2Trade probably frames the psychological makeup of attemptees succintly:


* virtual funds, and trading conditions of such funds are for entertainment/testing purposes only - actual trading conditions may vary, and trading these instruments may be risky and not suitable for all.


Surviving The Real MCCoy is real surviving. Sim is Sim even if you have paid a token.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #10 (permalink)
Baton Rouge, LA - USA
 
 
Posts: 38 since Sep 2016
Thanks: 19 given, 39 received



iqgod View Post
Trading an Earn2Trade 50K mini-gauntlet and a TopStepTrader 50K combine simultaneously.

So which one do I recommend?

E2T is NOT recommended, as it looks like a TopStepTrader Combine from 6 years ago... rules rules rules that are not designed to advance you as a trader but are designed into exploiting any of your possible silly mistakes.

Wjat are these rules?

1. Progression Ladder
2. Maintain consistency - No day shall account for more than 30% of your profits.

The latter rule is even harsher because probability firmly goes to the favour of the 'casino'.


TopStepTrader is now okay with respect to rules, because the above restrictive rules no longer apply. My progress in TopStepTrader was faster because I could have outsized days without being penalized:





TST PRofit after two days: $1,652.40

Earn2Trade Profit after two days: $1816


In my opinion, you're misinformed and are viewing it with the wrong perspective. Here is why...

Both E2T and TST have progression ladder/scaling plan. You barely started Step 1 of TST and yes, Step 1 doesn't have the scaling plan but Step 2 does have it. So yes, TST does have the same "restrictive" rules. Also TST has two stages to pass where you have to achieve the same profit goal twice whereas E2T only has one step, one profit goal.

With TST, the trailing drawdown is calculated from your account balance at the end of the day. However, in the funded account it's calculated intraday based on your highest account balance including open positions. Why change the rules against the trader in the funded account? Doing this in the combine doesn't properly prepares the trader for the funded account. It's up to the trader to actually be aware of this and to trade accordingly.

With regards to the consistency rule, it's not something that you would fail if you don't meet this rule. The basis of the consistency rule is to make sure you don't get one or two lucky days and then make one quick scalp just to qualify your trades for the remaining days. A profitable trader should not have a problem with this. If you have one day that exceeds 30% of your total profit, then you just have continue trading to increase your total profit so that particular biggest day falls under the 30% of your total net profit. It doesn't mean you've fail, it just means you were probably lucky and it doesn't really show your true trading performance so you just have to continue trading until it falls below 30%. So it's not stopping you from having big profitable days. Just keep having big profitable days and you won't have a problem. Of course the funded account doesn't have this.

If your goal is to simply pass E2T's gauntlet with the minimum requirement then you just need to to make a net profit of $200/day for 15 trading days on the 50k account. If you're worried about making too much profits in one day then I'm sure you should have no problem making $200/day. From that perspective, the consistency rule should not make it harder for you to pass.

Reply With Quote
The following user says Thank You to nguyen74 for this post:


futures io Trading Community Trading Journals > God's Trading Journal - Faith, Karma & Beyond


September 11, 2020


Upcoming Webinars and Events
 

An Afternoon With futures io member TropicalTrader

Elite only
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts