My Leeloo 150K Funded Account Journal - futures io
futures io



My Leeloo 150K Funded Account Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one Daytrader999 with 17 posts (39 thanks)
    2. looks_two santom with 17 posts (30 thanks)
    3. looks_3 Flash Gordon with 5 posts (1 thanks)
    4. looks_4 lightsun47 with 3 posts (0 thanks)
      Best Posters
    1. looks_one Daytrader999 with 2.3 thanks per post
    2. looks_two cdnftrstdr with 2.3 thanks per post
    3. looks_3 santom with 1.8 thanks per post
    4. looks_4 chipps1983 with 1 thanks per post
    1. trending_up 10,958 views
    2. thumb_up 86 thanks given
    3. group 24 followers
    1. forum 63 posts
    2. attach_file 5 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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
 

My Leeloo 150K Funded Account Journal

(login for full post details)
  #1 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received

Hello Guys,

I recently passed Leeloo's evaluation and will be getting my funded account early next week. This will be my second Leeloo account and hope to work with it longer duration this time. I traded more contracts in my first funded account and lost my first account in a few days.

Since the earliest i will be able to withdraw is end of September (due to min. 30 trading days restriction), plan is to have fixed gain/loss per day and grow the account for next 1.5 months. This journal is to track my journey with this account and will update the results daily how it goes!

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to santom for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(201 thanks from 24 posts)
looks_twoSalao's Journalby Salao
(53 thanks from 11 posts)
looks_3Deeteeís DAX Trading Journal (time based)by Deetee
(38 thanks from 18 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(35 thanks from 15 posts)
looks_5Maybe a little bit different journalby Malykubo
(14 thanks from 16 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Big Mike in Ecuador
76 thanks
The Crude Dude Oil Trading System
72 thanks
Help improve the FIO community
35 thanks
futures io site changelog and issues/problem reporting
27 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
27 thanks
 
(login for full post details)
  #2 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
Hello Guys,

I recently passed Leeloo's evaluation and will be getting my funded account early next week. This will be my second Leeloo account and hope to work with it longer duration this time. I traded more contracts in my funded account and lost my first account in a few days.


Congrats for passing the evaluation and best of luck for trading your funded account 2.0!

Did you chose the Investor Account or the Accelerator Account?

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following user says Thank You to Daytrader999 for this post:
 
(login for full post details)
  #3 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received



Daytrader999 View Post
Congrats for passing the evaluation and best of luck for trading your funded account 2.0!

Did you chose the Performance Account or the Accelerator Account?

I choose the 'investor' account (contracts/Loss Limit same as evaluation) as it gives me a good breathing space. Though the withdrawal is capped at $2K for first 4 months for Investor account, i don't mind it as this will be a supplementary income and 5k limit will surely help!

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to santom for this post:
 
(login for full post details)
  #4 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received

Yep, the Accelerator Account with its initial $625 loss limit looks a bit too 'dangerous' to me as well.

Good luck with your new account, and I'm looking forward to your progress. Keep it slow and calm.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following user says Thank You to Daytrader999 for this post:
 
(login for full post details)
  #5 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received


Daytrader999 View Post
Yep, the Accelerator Account with its initial $625 loss limit looks a bit too 'dangerous' to me as well.

Good luck with your new account, and I'm looking forward to your progress. Keep it slow and calm.

Thanks! Definitely will do and will share my journey as it unfolds

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to santom for this post:
 
(login for full post details)
  #6 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received

Update:

i got my funded Performance (PA) account after market close and looking forward to next week

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to santom for this post:
 
(login for full post details)
  #7 (permalink)
userque
Chicago IL
 
 
Posts: 180 since Apr 2016
Thanks: 487 given, 126 received


santom View Post
Update:

i got my funded PA account after market close and looking forward to next week

Congrats! Which one is "PA"?

Reply With Quote
 
(login for full post details)
  #8 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received


userque View Post
Congrats! Which one is "PA"?

Leeloo's investor account is referred to Performance Account (PA) I believe and the account name is in format PA-xxxxxx. Just have hidden the name

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to santom for this post:
 
(login for full post details)
  #9 (permalink)
lightsun47
Toronto, Canada
 
 
Posts: 127 since May 2018
Thanks: 119 given, 93 received

Kinda new to this. Can you please explain how this works. Thanks.

Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #10 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received



santom View Post
Update:

i got my funded Performance (PA) account after market close and looking forward to next week

That's great! They usually are very quick in setting up the account, in my case it took only one day as well.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following user says Thank You to Daytrader999 for this post:
 
(login for full post details)
  #11 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received


Daytrader999 View Post
That's great! They usually are very quick in setting up the account, in my case it took only one day as well.

I had informed them few days prior and they indeed setup the account pretty quick Are you funded with Leeloo as well? If so, have you made any withdrawals?

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to santom for this post:
 
(login for full post details)
  #12 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
I had informed them few days prior and they indeed setup the account pretty quick Are you funded with Leeloo as well? If so, have you made any withdrawals?

I had a funded account with Leeloo, but I messed it up after around 10 days due to taking too much risk.

Currently I'm trading a $150k funded account with OneUp / MES Capital, but I definitely will give Leeloo another try as well.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
 
(login for full post details)
  #13 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received


Daytrader999 View Post
I had a funded account with Leeloo, but I messed it up after around 10 days due to taking too much risk.

Currently I'm trading a $150k funded account with OneUp / MES Capital, but I definitely will give Leeloo another try as well.

Sorry to hear that. I could relate to yours as that's what happened to my first funded account Comparing Leeloo to Oneup, I believe there are no monthly charges, no restrictions on withdrawal right ?

One of the main reasons I choose Leeloo was ability to trade funded account with NT8 using default license, hope oneup adds support for it some day!

May I know when we're u funded with Oneup and howz journey thus far?

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to santom for this post:
 
(login for full post details)
  #14 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
Sorry to hear that. I could relate to yours as that's what happened to my first funded account Comparing Leeloo to Oneup, I believe there are no monthly charges, no restrictions on withdrawal right ?

One of the main reasons I choose Leeloo was ability to trade funded account with NT8 using default license, hope oneup adds support for it some day!

May I know when we're u funded with Oneup and howz journey thus far?

Well, that happens....I can't state clearly enough that proper risk and money management is essential, don't focus on how many contracts you are allowed to trade, just start small and grow slowly. And you're right, there are no extra monthly fees, just a withdrawal fee and no other restrictions.

My journey with OneUp / MES Capital was quite a bit of a rollercoaster so far. By the end of July (my first month) I was up around $7k, but I managed to cut it in half with only one really bad trade
(proper risk and money management, you remember? ).
So I stepped back for a few days and re-focused, and actually I'm working my way back up again, slowly...

On the other hand, I recently had some bad experience with MES Capital support, which I described here:



But I don't want to mess up YOUR journal, I wish you good luck and I'm looking forward to your progress!

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following user says Thank You to Daytrader999 for this post:
 
(login for full post details)
  #15 (permalink)
 chipps1983 
Dover+NJ/US
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage5/Advantage Futures
Trading: NQ
 
chipps1983's Avatar
 
Posts: 2,040 since Jan 2015
Thanks: 5,105 given, 3,642 received

I looked at their website. Their initial evaluation is easy (Except Limited Trailing Minimum Account Balance (LTMAB))

Their Performance accounts (Funded) are is more confusing.

The Accelerator - which has a very small loss limit ( one range day or random losses in their edge can make lose your funded account).


Investor Type - This should be ideal. but looking at their payout structure is something a trader think it is fishy.


I don't know much about it but looking at their payout structure worries anyone.

--------
Chipps
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to chipps1983 for this post:
 
(login for full post details)
  #16 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received


Daytrader999 View Post
Well, that happens....I can't state clearly enough that proper risk and money management is essential, don't focus on how many contracts you are allowed to trade, just start small and grow slowly. And you're right, there are no extra monthly fees, just a withdrawal fee and no other restrictions.

My journey with OneUp / MES Capital was quite a bit of a rollercoaster so far. By the end of July (my first month) I was up around $7k, but I managed to cut it in half with only one really bad trade
(proper risk and money management, you remember? ).
So I stepped back for a few days and re-focused, and actually I'm working my way back up again, slowly...

On the other hand, I recently had some bad experience with MES Capital support, which I described here:



But I don't want to mess up YOUR journal, I wish you good luck and I'm looking forward to your progress!

It just takes one bad trade to blow up the account, take it slow and thats my plan as well. Interesting that I had encountered similar issue in Leeloo funded account as well My first account was 100k -3000$ limit plan and in 3rd day, My account was up 2200$ or so and I remembered I was trading $GC with 3 contracts or so, I got similar message after 12 ticks loss even though my stop was at 18ticks or so.

I am not sure if my position was closed but I believe Leeloo might have moved my account back to sim from live due to my risky loss trades, not planning to size in again on minis till my account has enough buffer.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #17 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received


chipps1983 View Post
I looked at their website. Their initial evaluation is easy (Except Limited Trailing Minimum Account Balance (LTMAB))

Their Performance accounts (Funded) are is more confusing.

The Accelerator - which has a very small loss limit ( one range day or random losses in their edge can make lose your funded account).


Investor Type - This should be ideal. but looking at their payout structure is something a trader think it is fishy.


I don't know much about it but looking at their payout structure worries anyone.

I was in similar view when I first saw their website as well Out of TST/Oneup/Leeloo/Earn2Trade, TST was a nogo as passing two times was close to impossible and when I looked into other 3, Leeloo had following advantages:
1) No Daily loss limit
2) Can hold during news
3) no restriction on scaling (Could be a double edge sword and you could easily blow your account. Personally I like this one as I have seen people loosing their eval/funded account when they oversized by mistake and they have to restart again)
4) Can use Ninjatrader for live account, they have some leader-follower proprietary program or so

Disadvantage:
Trailing drawdown does not stop for evaluation account

Note: Earn2trade also recently introduced 2 & 4 to their gautlet mini, but since leeloo does allow us to size in from first day in funded investor account, they have some restrictions on withdrawal and I can't comment yet as have never withdrawn in my previous funded account.
Though website looks old fashioned they have automated pretty much everything on their backend when you signup for a new account, when you reset etc. and I was pretty impressed by that! Just like Earn2trade, the support is pretty responsive and had no issues till now

For me daily loss limit, trading during news and using NT to trade played a part in choosing the program and I choose LeeLoo over others i could be wrong but they were the one's who first brought Leader-Follower via NT, we need some alternatives to TST/Oneup and as of now I couldn't find any negatives! In FAQ, they did mention that if fast payout is what you are looking for, you should try other vendors and u should check their FAQ section.

You can also follow as 'Blue wave trading' author seems to have got Leeloo funded account recently and in one of his videos, he mentioned he made a withdrawal and had no issues.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to santom for this post:
 
(login for full post details)
  #18 (permalink)
 minskee 
Sydney, Australia
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Currency Futures
 
Posts: 10 since May 2015
Thanks: 28 given, 12 received

Leeloo seem interesting, being able to trade the EURAX combine would be a plus for Australians. Get home from a 9-5 job and start trading around 5-10pm in the evening.

The biggest benefit I see to OneUp is not having to pay data fees.
CME CBOT NYMEX and COMEX
= $420-USD/month
= $586-AUD/month
= $7000-AUD/year
= $21,000/3 years
Gawd dam. that's almost Enough money to cover for university tuition over here. at $10,000/pear year
Then you include brokerage costs, taxes etc.

Reply With Quote
The following user says Thank You to minskee for this post:
 
(login for full post details)
  #19 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received


minskee View Post
Leeloo seem interesting, being able to trade the EURAX combine would be a plus for Australians. Get home from a 9-5 job and start trading around 5-10pm in the evening.

The biggest benefit I see to OneUp is not having to pay data fees.
CME CBOT NYMEX and COMEX
= $420-USD/month
= $586-AUD/month
= $7000-AUD/year
= $21,000/3 years
Gawd dam. that's almost Enough money to cover for university tuition over here. at $10,000/pear year
Then you include brokerage costs, taxes etc.

Agree, Leeloo has data fees of $42 for first month with $85 subsequent compared to $0 in Oneup. If faster payout is what you are looking for Oneup is preferred option compared to Leeloo as you can withdraw any time you need with no limit.

If data fees is your concern then assuming you withdraw end of each month, then there is not much difference between two as you don't pay any wire fee during withdrawal in Leeloo where as its $50 in Oneup I believe. One additional benefit like I mentioned in previous posts is ability to trade in NT for live account which is a big deal to me

For Earn2trade, its even worse wherein you pay $100 monthly for each exchange if you need helios rithmic data feed. If you have your own charting/data feed and just plan to use helios for execution after you pass earn2trade eval, then its $0 and you only pay the wire fee I believe.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #20 (permalink)
 minskee 
Sydney, Australia
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Currency Futures
 
Posts: 10 since May 2015
Thanks: 28 given, 12 received

I'm going through TopStep Right now, its $105 per exchange once you are funded.
I'm doing the $150k combine at the moment, but I guess I justify the price by saying that I'm paying for the data @ $339-USD/Month and a shot to manage $150k =/

haha If I do manage to get funded, I'd like to do oneup as well and trade two accounts at once As Topstep only allows you to trade one account at time.
But hey! Can't get ahead of myself one step at a time lols

Reply With Quote
 
(login for full post details)
  #21 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
It just takes one bad trade to blow up the account, take it slow and thats my plan as well. Interesting that I had encountered similar issue in Leeloo funded account as well My first account was 100k -3000$ limit plan and in 3rd day, My account was up 2200$ or so and I remembered I was trading $GC with 3 contracts or so, I got similar message after 12 ticks loss even though my stop was at 18ticks or so.

I am not sure if my position was closed but I believe Leeloo might have moved my account back to sim from live due to my risky loss trades, not planning to size in again on minis till my account has enough buffer.

Absolutely....and I think they copy your trades 1:1 into a live account and care about possible slippage and other issues, or they can switch you to a CQG live account (that's up to them, according to the fine print in their paperwork)....

However, I'd be fine with any of these solutions as long as the trader has no disadvantage and they process the withdrawals smoothly.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following user says Thank You to Daytrader999 for this post:
 
(login for full post details)
  #22 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received

Hi @santom, just curious how things are going.

Did you take any trades in your new account this week?

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
 
(login for full post details)
  #23 (permalink)
 cerebraltrader 
Kapolei + Hawaii/USA
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Phillips Ninjatrader
Trading: Futures ES, CL, GC
 
Posts: 4 since Aug 2020
Thanks: 7 given, 1 received


santom View Post
Hello Guys,

I recently passed Leeloo's evaluation and will be getting my funded account early next week. This will be my second Leeloo account and hope to work with it longer duration this time. I traded more contracts in my first funded account and lost my first account in a few days.

Since the earliest i will be able to withdraw is end of September (due to min. 30 trading days restriction), plan is to have fixed gain/loss per day and grow the account for next 1.5 months. This journal is to track my journey with this account and will update the results daily how it goes!


Good luck Santom!

Looking forward to seeing how you progress. I've tried the $50k 8 Contract a couple of times. I make it about a week or so then blow up the "rising trailing max drawdown".

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #24 (permalink)
 chipps1983 
Dover+NJ/US
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Stage5/Advantage Futures
Trading: NQ
 
chipps1983's Avatar
 
Posts: 2,040 since Jan 2015
Thanks: 5,105 given, 3,642 received


cerebraltrader View Post

I make it about a week or so then blow up the "rising trailing max drawdown".

Well, that is one of the evil rule on OneUptrader, Earn2trade, and with Leeloo.

At least Topstep is good on that part except2 steps.

--------
Chipps
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to chipps1983 for this post:
 
(login for full post details)
  #25 (permalink)
 iqgod 
Market Wizard
Mumbai, India
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
 
iqgod's Avatar
 
Posts: 1,802 since Feb 2012
Thanks: 3,650 given, 3,093 received

Or do an Earn2Trade Classic Gauntlet... no trailing drawdown there.

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)
  #26 (permalink)
 cerebraltrader 
Kapolei + Hawaii/USA
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Phillips Ninjatrader
Trading: Futures ES, CL, GC
 
Posts: 4 since Aug 2020
Thanks: 7 given, 1 received


iqgod View Post
Or do an Earn2Trade Classic Gauntlet... no trailing drawdown there.

Thanks for the push and the advice. I'll look at Earn2Trade.

Follow me on Twitter Reply With Quote
The following user says Thank You to cerebraltrader for this post:
 
(login for full post details)
  #27 (permalink)
 cerebraltrader 
Kapolei + Hawaii/USA
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Phillips Ninjatrader
Trading: Futures ES, CL, GC
 
Posts: 4 since Aug 2020
Thanks: 7 given, 1 received


chipps1983 View Post
Well, that is one of the evil rule on OneUptrader, Earn2trade, and with Leeloo.

At least Topstep is good on that part except2 steps.

Good to know. I'll look at these. Thanks!

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #28 (permalink)
 doyalalexander 
Dallas tx
 
Experience: Intermediate
Platform: Thinkorswin
Trading: Es
 
Posts: 20 since Oct 2014
Thanks: 7 given, 37 received

Re: the trailing drawdown.... Leeloo only trails until it reaches the opening account balance right?

I am in TST step 2 and OneUp... TST drawdown is nice as it calculates at end of day... no intraday high trails.

The others seem to have intraday trails from highest potential profit, which is rough on me mentally. The thought of having a +$1,500 trade stop out at +1,200 isn't as bad as remembering that your trailing draw is based off the $1500... so it just got $300 closer to you. It feels like I need to run from it.

With OneUp, the trail stops at your opening balance.... I am sitting at $256,347 after 4 days. I have a $5,500 drawdown and auto liquidation @$250k... which means I've officially outrun it. Now I just need to stay away from bad trading habits.

//Doyal

Reply With Quote
The following 2 users say Thank You to doyalalexander for this post:
 
(login for full post details)
  #29 (permalink)
Aries86
New York, Usa
 
 
Posts: 5 since Jun 2020
Thanks: 0 given, 1 received

I'm looking into funded accounts as well. Glad you guys have some experience which could help me out with making a decision. I'm stuck choosing between TST, Earn2trade, and One up at the moment.

Reply With Quote
 
(login for full post details)
  #30 (permalink)
 cdnftrstdr   is a Vendor
 
 
cdnftrstdr's Avatar
 
Posts: 69 since Apr 2020
Thanks: 51 given, 121 received


Aries86 View Post
I'm looking into funded accounts as well. Glad you guys have some experience which could help me out with making a decision. I'm stuck choosing between TST, Earn2trade, and One up at the moment.

There's pros and cons to all of them, I've at one point tried them all. This isn't an exhaustive list of pros and cons, just my opinion of what I liked/didnt.

TST - They have a good presence online, meaning the CEO regularly answers questions on this forum, in the facebook group, etc. They put out Youtube videos, have a podcast etc. Sure, a lot of that is salesmanship, but I think there's value in it as well. It doesnt make it any easier to pass, but you at least feel like they are a real company (compared to LeeLoo below) Active community on facebook if you have questions, want to mingle with others going thru the combines. I like their dashboard, easy to see what the rules are you have to follow, where you are at. The 1 big negative for them imo is the 2 step evaluation. Everyone else is basically 1 step, then funded. TST its 2 steps, then a pro account, then funded. (you can skip the pro account part), but still. Lots of opportunities to fail I guess. As well for example in the $150K account, you have to make $9K step 1, then $9K again step 2. All the others it would just be $9K period. All that said, I actually like TST the best by a slight margin.

E2T - 2nd favorite, they have more educational content so for someone looking whose new to trading, which I suspect 95% of the people are who sign up, they have it right there on their site. 1 step, and often run deals. If you go E2T definitely wait for a promotion because they happen monthly. Their free trading platform Im not a fan of, i forget honestly the name of the product but i found it pretty tough to use. Rithmic and Rtrader is okay, but unless you have your own program you use, i find their free trading options pretty tough. So overall, easier rules with just 1 step, just 1 $9K for a $150K account.

OneUp - I cant speak to this one, I only used their demo/sim account (not the trader tryout, whatever the names are), so I can't speak to it other than it seemed professional and they were quick to get me set up with a rithmic account.

LeeLoo - You didnt mention but figured I'd round out my experience. Much cheaper option but they sketch me out a bit. How I mentioned how TST has a nice online presence, LeeLoo has the opposite. Their YouTube channel is weird videos from the founder on their ranch. When you do pass you dont actually trade a funded account, its still sim and they mirror your trades? All that said, the reviews Ive read I havent found anyone saying they arent trustworthy, maybe just not run very professionally. Their payout requirements are their biggest downfall I think. I dont want to explain it all its on their site but basically when you get funded you are capped on how much you can withdraw the first while. So you could make $10K in a month and nope, you get to withdraw $1K max, which again, little sketchy. (edit: it might be $2K, honestly I don't remember. and you don't lose the rest of your profit, you just cant withdraw it until a future month. As well withdraws are only once a month, where i believe everyone else its when you want and they are processed weekly, I'm 95% sure).

All that said, Im in TST $150K combine now, Step 2, several days in. Blown several accounts along the journey, all my own experimenting and learning, a few stupid mistakes along the way. If you are 100% newish to trading I'd lean towards TST for a new user experience, easy to use trading platform (Tradovate option) and good support from them and the community.

Reply With Quote
The following 6 users say Thank You to cdnftrstdr for this post:
 
(login for full post details)
  #31 (permalink)
Aries86
New York, Usa
 
 
Posts: 5 since Jun 2020
Thanks: 0 given, 1 received


lexknight View Post
There's pros and cons to all of them, I've at one point tried them all. This isn't an exhaustive list of pros and cons, just my opinion of what I liked/didnt.

TST - They have a good presence online, meaning the CEO regularly answers questions on this forum, in the facebook group, etc. They put out Youtube videos, have a podcast etc. Sure, a lot of that is salesmanship, but I think there's value in it as well. It doesnt make it any easier to pass, but you at least feel like they are a real company (compared to LeeLoo below) Active community on facebook if you have questions, want to mingle with others going thru the combines. I like their dashboard, easy to see what the rules are you have to follow, where you are at. The 1 big negative for them imo is the 2 step evaluation. Everyone else is basically 1 step, then funded. TST its 2 steps, then a pro account, then funded. (you can skip the pro account part), but still. Lots of opportunities to fail I guess. As well for example in the $150K account, you have to make $9K step 1, then $9K again step 2. All the others it would just be $9K period. All that said, I actually like TST the best by a slight margin.

E2T - 2nd favorite, they have more educational content so for someone looking whose new to trading, which I suspect 95% of the people are who sign up, they have it right there on their site. 1 step, and often run deals. If you go E2T definitely wait for a promotion because they happen monthly. Their free trading platform Im not a fan of, i forget honestly the name of the product but i found it pretty tough to use. Rithmic and Rtrader is okay, but unless you have your own program you use, i find their free trading options pretty tough. So overall, easier rules with just 1 step, just 1 $9K for a $150K account.

OneUp - I cant speak to this one, I only used their demo/sim account (not the trader tryout, whatever the names are), so I can't speak to it other than it seemed professional and they were quick to get me set up with a rithmic account.

LeeLoo - You didnt mention but figured I'd round out my experience. Much cheaper option but they sketch me out a bit. How I mentioned how TST has a nice online presence, LeeLoo has the opposite. Their YouTube channel is weird videos from the founder on their ranch. When you do pass you dont actually trade a funded account, its still sim and they mirror your trades? All that said, the reviews Ive read I havent found anyone saying they arent trustworthy, maybe just not run very professionally. Their payout requirements are their biggest downfall I think. I dont want to explain it all its on their site but basically when you get funded you are capped on how much you can withdraw the first while. So you could make $10K in a month and nope, you get to withdraw $1K max, which again, little sketchy. (edit: it might be $2K, honestly I don't remember. and you don't lose the rest of your profit, you just cant withdraw it until a future month. As well withdraws are only once a month, where i believe everyone else its when you want and they are processed weekly, I'm 95% sure).

All that said, Im in TST $150K combine now, Step 2, several days in. Blown several accounts along the journey, all my own experimenting and learning, a few stupid mistakes along the way. If you are 100% newish to trading I'd lean towards TST for a new user experience, easy to use trading platform (Tradovate option) and good support from them and the community.

Thanks so much talking about your experiences with these companies. Are you going to skip the pro account and go straight to funded?

Reply With Quote
 
(login for full post details)
  #32 (permalink)
 cdnftrstdr   is a Vendor
 
 
cdnftrstdr's Avatar
 
Posts: 69 since Apr 2020
Thanks: 51 given, 121 received


Aries86 View Post
Thanks so much talking about your experiences with these companies. Are you going to skip the pro account and go straight to funded?

Most likely Pro account, its hard to make a case against it. Even though its sim again, at least this time whatever you make up to $5K gets rolled over into a real funded account, and if you bust you go back to step 2 instead of step 1.

The funded account can take 2 weeks to set up, so I can see making a case for jumping straight to funded if you just want to get the ball rolling, maybe youre going on vacation or busy at work so it'd be a good time to let them set it up. I think most people though go Pro then funded. Most likely what I'd do also. End of next week is when I make that choice.

Reply With Quote
 
(login for full post details)
  #33 (permalink)
Aries86
New York, Usa
 
 
Posts: 5 since Jun 2020
Thanks: 0 given, 1 received


lexknight View Post
Most likely Pro account, its hard to make a case against it. Even though its sim again, at least this time whatever you make up to $5K gets rolled over into a real funded account, and if you bust you go back to step 2 instead of step 1.

The funded account can take 2 weeks to set up, so I can see making a case for jumping straight to funded if you just want to get the ball rolling, maybe youre going on vacation or busy at work so it'd be a good time to let them set it up. I think most people though go Pro then funded. Most likely what I'd do also. End of next week is when I make that choice.

Great man. Hope it works out for you. I like Oneup but like you said their customer service is shaky. I will investigate TST some more, seems like they have a better professional track record with their customers.

Reply With Quote
 
(login for full post details)
  #34 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received

Update: I blew my funded account on my second day as I broke my own rules and was bit embarrassed to post it. I was in the opposite site of $GC when it fell below <2k$ in a flash and lost the account firefighting it.

Anyway, I took the 150k challenge again and have one day left for evaluation to complete. Plan is to trade only micros and will post once I have the live account. Good day guys!

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to santom for this post:
 
(login for full post details)
  #35 (permalink)
lightsun47
Toronto, Canada
 
 
Posts: 127 since May 2018
Thanks: 119 given, 93 received


lexknight View Post
There's pros and cons to all of them, I've at one point tried them all. This isn't an exhaustive list of pros and cons, just my opinion of what I liked/didnt.

TST - They have a good presence online, meaning the CEO regularly answers questions on this forum, in the facebook group, etc. They put out Youtube videos, have a podcast etc. Sure, a lot of that is salesmanship, but I think there's value in it as well. It doesnt make it any easier to pass, but you at least feel like they are a real company (compared to LeeLoo below) Active community on facebook if you have questions, want to mingle with others going thru the combines. I like their dashboard, easy to see what the rules are you have to follow, where you are at. The 1 big negative for them imo is the 2 step evaluation. Everyone else is basically 1 step, then funded. TST its 2 steps, then a pro account, then funded. (you can skip the pro account part), but still. Lots of opportunities to fail I guess. As well for example in the $150K account, you have to make $9K step 1, then $9K again step 2. All the others it would just be $9K period. All that said, I actually like TST the best by a slight margin.

E2T - 2nd favorite, they have more educational content so for someone looking whose new to trading, which I suspect 95% of the people are who sign up, they have it right there on their site. 1 step, and often run deals. If you go E2T definitely wait for a promotion because they happen monthly. Their free trading platform Im not a fan of, i forget honestly the name of the product but i found it pretty tough to use. Rithmic and Rtrader is okay, but unless you have your own program you use, i find their free trading options pretty tough. So overall, easier rules with just 1 step, just 1 $9K for a $150K account.

OneUp - I cant speak to this one, I only used their demo/sim account (not the trader tryout, whatever the names are), so I can't speak to it other than it seemed professional and they were quick to get me set up with a rithmic account.

LeeLoo - You didnt mention but figured I'd round out my experience. Much cheaper option but they sketch me out a bit. How I mentioned how TST has a nice online presence, LeeLoo has the opposite. Their YouTube channel is weird videos from the founder on their ranch. When you do pass you dont actually trade a funded account, its still sim and they mirror your trades? All that said, the reviews Ive read I havent found anyone saying they arent trustworthy, maybe just not run very professionally. Their payout requirements are their biggest downfall I think. I dont want to explain it all its on their site but basically when you get funded you are capped on how much you can withdraw the first while. So you could make $10K in a month and nope, you get to withdraw $1K max, which again, little sketchy. (edit: it might be $2K, honestly I don't remember. and you don't lose the rest of your profit, you just cant withdraw it until a future month. As well withdraws are only once a month, where i believe everyone else its when you want and they are processed weekly, I'm 95% sure).

All that said, Im in TST $150K combine now, Step 2, several days in. Blown several accounts along the journey, all my own experimenting and learning, a few stupid mistakes along the way. If you are 100% newish to trading I'd lean towards TST for a new user experience, easy to use trading platform (Tradovate option) and good support from them and the community.

Thanks. But just curious, have you tried Trader Seed funded program / website?

Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #36 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
Update: I blew my funded account on my second day as I broke my own rules and was bit embarrassed to post it. I was in the opposite site of $GC when it fell below <2k$ in a flash and lost the account firefighting it.

Anyway, I took the 150k challenge again and have one day left for evaluation to complete. Plan is to trade only micros and will post once I have the live account. Good day guys!

I'm sorry to hear that, but I already thought that this could be the case. I've been there several times as well, and now I'm back on my feet.

There's no need to be sad or worry about, since you already located your mistakes and now you have a good chance to avoid them when trading your next funded account (which you'll get for sure! ).

Please keep posting your progress, and I wish you all the best for your current evaluation!

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following user says Thank You to Daytrader999 for this post:
 
(login for full post details)
  #37 (permalink)
 cdnftrstdr   is a Vendor
 
 
cdnftrstdr's Avatar
 
Posts: 69 since Apr 2020
Thanks: 51 given, 121 received


lightsun47 View Post
Thanks. But just curious, have you tried Trader Seed funded program / website?

Sent using the futures.io mobile app

Havent heard of it until you mentioned it. Quick look at the site, no way I'd do it. Won't even bother to list all the reasons why, but comes off as scammy/trash. Sorry. Way too many other professional options.

Reply With Quote
The following user says Thank You to cdnftrstdr for this post:
 
(login for full post details)
  #38 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received

Day1(Funded Account):

I will try to update my progress daily and plan is to trade max 2$NQ at most, Today traded 1$NQ scalping multiple times


Attached Thumbnails
Click image for larger version

Name:	Day1.PNG
Views:	1357
Size:	81.9 KB
ID:	304488  
Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to santom for this post:
 
(login for full post details)
  #39 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
I will try to update my progress daily and plan is to trade max 2$NQ at most, Today traded 1$NQ scalping multiple times

Good to see you back in the saddle, keep up the good work.

Keep it cool and slow, and don't overtrade!

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following user says Thank You to Daytrader999 for this post:
 
(login for full post details)
  #40 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received

Day2:

Though the 500$ profit (daily goal) was achieved in 5-6 trades in 1qty $NQ, I thought of continuing to trade with MNQ but traded 5 qty of NQ instead of MNQ by mistake and lost 900$.

Remaining trades are 1-2$NQ to bring the account back close to original profit


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to santom for this post:
 
(login for full post details)
  #41 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
Day2:

Though the 500$ profit (daily goal) was achieved in 5-6 trades in 1qty $NQ, I thought of continuing to trade with MNQ but traded 5 qty of NQ instead of MNQ by mistake and lost 900$.

Remaining trades are 1-2$NQ to bring the account back close to original profit


That can happen if you try to switch instruments fast, overlooking just a small detail can turn your entire day into a disaster...

I know it's 'only' trader psychology, but imo it's so important to quit for the day after reaching your profit objective for the day.
I don't even continue to trade in SIM, just because in my book of experience this can end up in some kind of video game, which can have a fairly bad impact to live trading behaviour...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following 6 users say Thank You to Daytrader999 for this post:
 
(login for full post details)
  #42 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received


Daytrader999 View Post
That can happen if you try to switch instruments fast, overlooking just a small detail can turn your entire day into a disaster...

I know it's 'only' trader psychology, but imo it's so important to quit for the day after reaching your profit objective for the day.
I don't even continue to trade in SIM, just because in my book of experience this can end up in some kind of video game, which can have a fairly bad impact to live trading behaviour...

Yup was lucky to notice early else would have been even bigger loss. Your words did made me rethink and since LeeLoo has "minimum 30 trading days" restriction before withdrawal, I don't think I would be eligible for next month withdrawal (assuming I still have account) and with their payout structure, doesn't matter if I have home run or grind slowly.

Taking that into account, this will be my plan and at-least till Milestone 3, it should be doable. Plan is to call it day once the profit is met and %target is pretty low due to trailing drawdown.
Thanks @Daytrader999, if I can somehow have the account till milestone 2/3, I am on the right track I guess (Milestone 1 is immediate target)
(PS: Starting Balance is close to current drawdown and not sure if I would be able to abide by this target goal each day but cap will be ~$500)


Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to santom for this post:
 
(login for full post details)
  #43 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
Yup was lucky to notice early else would have been even bigger loss. Your words did made me rethink and since LeeLoo has "minimum 30 trading days" restriction before withdrawal, I don't think I would be eligible for next month withdrawal (assuming I still have account) and with their payout structure, doesn't matter if I have home run or grind slowly.

Taking that into account, this will be my plan and at-least till Milestone 3, it should be doable. Plan is to call it day once the profit is met and %target is pretty low due to trailing drawdown.
Thanks @Daytrader999, if I can somehow have the account till milestone 2/3, I am on the right track I guess (Milestone 1 is immediate target)
(PS: Starting Balance is close to current drawdown and not sure if I would be able to abide by this target goal each day but cap will be ~$500)

Well, that looks I a really good plan to me.

Since you know that you need at least 30 days of trading before you can request your first withdrawal, it is most important to focus on your trailing drawdown first until it stops trailing when you reach an account balance of >$5k.

That said, you'll be way better off by growing your account SLOWLY than trying to get a home run in these super volatile days. You don't have to rush it that way, and you will discover that you stop giving your early profits all back in the afternoon.

In addition, please take into acccount that you won't make money EVERY day....you WILL have break even days as well as losing days, that's part of the trading business. So just try to avoid that one single losing day wipes out an entire week of profits (or even more!) by keeping your losing days within your pre-defined parameters.

If you stick to these simple (but in the heat of the battle NOT always easy or simple) rules, you'll be able to stay in the water and trade another day....the markets will always be there.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following 4 users say Thank You to Daytrader999 for this post:
 
(login for full post details)
  #44 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received


Daytrader999 View Post
Well, that looks I a really good plan to me.

Since you know that you need at least 30 days of trading before you can request your first withdrawal, it is most important to focus on your trailing drawdown first until it stops trailing when you reach an account balance of >$5k.

That said, you'll be way better off by growing your account SLOWLY than trying to get a home run in these super volatile days. You don't have to rush it that way, and you will discover that you stop giving your early profits all back in the afternoon.

In addition, please take into acccount that you won't make money EVERY day....you WILL have break even days as well as losing days, that's part of the trading business. So just try to avoid that one single losing day wipes out an entire week of profits (or even more!) by keeping your losing days within your pre-defined parameters.

If you stick to these simple (but in the heat of the battle NOT always easy or simple) rules, you'll be able to stay in the water and trade another day....the markets will always be there.

Completely agree! Just one trade might screw up all the hardwork I would have done and if I am able to go above LTMB, thats job well done I guess
@Daytrader999, Hows your funded account going ? May I ask what tickers you trade, whats target or loss you set for each day and whats average number of trades you take each day?

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to santom for this post:
 
(login for full post details)
  #45 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
Completely agree! Just one trade might screw up all the hardwork I would have done and if I am able to go above LTMB, thats job well done I guess
@Daytrader999, Hows your funded account going ?

Exactly...and I know what I'm talking about.

I'm glad you ask how my funded account is going, and I hope you can take some findings from this. I was up around $7k when I made one of my favorite mistakes by trading 6 lots and moving my stop out of the way...needless to say that this particular trade ended up in a $4.5k loss! After that, I managed to recover my account a bit until I got into a losing streak, which led to a loss of $1.4k on one day, and a second losing day of $1.8k, which was the final swan song for my account, accompanied by my second favorite mistake (trading too big lot size compared to my account balance)

So, since this has been my third funded account I managed to mess up through the years (one TST, One LeeLoo and one OneUP), I added some lessons learned lectures to my book of experience:

First, NEVER EVER move your stop too far out of the way, just stick STRICTLY to your risk and money management rules and parameters!
Second, ALWAYS adjust your lot size to your current account balance!
Third, NEVER EVER put all one's eggs in one basket, try to grow such a shrunk account SLOWLY, don't get greedy and try to make up for your previous losses fast!

Sounds quite easy, doesn't it? But as you already know, IT ISN'T EASY!

And here's another quite interesting understanding / result / finding which I took away from that:

IMO it is not that difficult to pass a combine or evaluation (where you can reset the account every time you like), but it's way harder to keep the funded account alive because of very different psychological impacts comparing an evaluation to a funded account.

And second, I found out that I treat my private brokerage account way more carefully than my funded account...and this applies to ALL my mistakes I stated above...perhaps this happens because I can't 'reset' my private account, but I always have the opportunity to start a new evaluation and earn another funded account for a fresh start...

So, now it's up to you to draw your own conclusions from my ramblings, hope it helps...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following 9 users say Thank You to Daytrader999 for this post:
 
(login for full post details)
  #46 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
May I ask what tickers you trade, whats target or loss you set for each day and whats average number of trades you take each day?

Well, I trade solely NQ for about 10 years now...and I imagine that over the time I have learned mostly all of the characteristics (and bad habits ) of this market.

Since I'm mainly a price action / support and resistance / pullback trader, I'm using a 12/2 ninZaRenko and a 450 Tick chart for my trading, and a five minute chart for confirmation and as a higher time frame.

My targets depend on market volatility, but I mostly go for 6.5 to 10 points per trade, using a stop loss of 7-10 points.
I strictly quit trading my live account when I reach my profit objective of $800-$1,000 for the day, as well as if I get 3 losing trades in a row, which shows me that I don't have a 'feeling' for the market on that particular day.

I usually reach my daily profit target within 1-3 trades per day, but sometimes I take 5-6 trades if I happen to start with a losing trade.
When I'm down around $1k and there's enough time left in the morning session, I try to make up for my loss and stop trading when I'm around break even.

So, I'd love to see your setups and charts as well, if you like to share them. It is not my intention to mess up your journal with my framework...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following 8 users say Thank You to Daytrader999 for this post:
 
(login for full post details)
  #47 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received

Day3: +382$



Traded 1-2$NQ mostly and due to some work started at 12pm which was mistake as it was too slow and lot of whipsaws, post 1.30 was able to get good trades and managed to close above today's target.

@Daytrader999 I use 300ticks and 3min chart, Basic 9/13/21 MA's to get trades and I scalp 1NQ. I also look at how FAANG is dng relative to day and trade accordingly

Sorry to hear that, I had similar issue with oneup as well wherein I took more quantity than expected and lost account, that's one of the reasons I went with Leeloo, thanks for sharing yours!

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to santom for this post:
 
(login for full post details)
  #48 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
Day3: +382$

Traded 1-2$NQ mostly and due to some work started at 12pm which was mistake as it was too slow and lot of whipsaws, post 1.30 was able to get good trades and managed to close above today's target.

@Daytrader999 I use 300ticks and 3min chart, Basic 9/13/21 MA's to get trades and I scalp 1NQ. I also look at how FAANG is dng relative to day and trade accordingly

Sorry to hear that, I had similar issue with oneup as well wherein I took more quantity than expected and lost account, that's one of the reasons I went with Leeloo, thanks for sharing yours!

Thanks, and IMO for trading NQ it's completely sufficient to look at FAANG only, since the other around 95 stocks don't matter anyway.

And $382 for today...great work! Just try to keep it going that way.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following 2 users say Thank You to Daytrader999 for this post:
 
(login for full post details)
  #49 (permalink)
 santom 
Newyork + USA
 
Experience: None
Trading: NQ,YM
 
Posts: 30 since Aug 2019
Thanks: 13 given, 38 received

Day4:

Had a terrible day, lost 3.5k$. If you don't hear from me again then you know what it means

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to santom for this post:
 
(login for full post details)
  #50 (permalink)
lightsun47
Toronto, Canada
 
 
Posts: 127 since May 2018
Thanks: 119 given, 93 received

Day 3 = +$382

Day 4 = -$3,500

Just curious, what is your stop loss limit for the day? If it's none or unlimited, I am sorry but it's terrible and you were bound to lose the way you lost everything.



Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #51 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
Day4:

Had a terrible day, lost 3.5k$. If you don't hear from me again then you know what it means

Sorry to hear that, how did it happen?

So you should have around $1.5k remaining in your account....I know it's hard, but try to recover slowly with only minimum lot size.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following 2 users say Thank You to Daytrader999 for this post:
 
(login for full post details)
  #52 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received


santom View Post
Day4:

Had a terrible day, lost 3.5k$. If you don't hear from me again then you know what it means

...Wanna give it another try?

You need to get up on your feet again...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
 
(login for full post details)
  #53 (permalink)
Flash Gordon
Burlington, North, Carolina/USA
 
 
Posts: 8 since May 2019
Thanks: 7 given, 3 received

I don't think LeeLoo's system are very automated, thus having to submit all those screenshots when you pass the evaluation.

Surely, they understand the downside of having some of that flakey stuff on youtube. I will say, their website does very well in explaining how it all works.
You do not (double check me) get all your profits unless you stay with them for I believe about a full year. There is a pro-rated penalty.

I hope their trade copier is a "true limited authorization to trade a portion of their actual funded account", if not, pure trade copying is illegal in the United States. Further, if you had a blow-out (opposite of a blow-up) day and they chose not to copy you and others that day (i.e. trend day), they could be out some serious money, having to pay all those winners.

Sure would like to hear and see about some traders, the more the better, who have had a "long term" relationship with LeeLoo

-Best trading,
-Flash

Reply With Quote
 
(login for full post details)
  #54 (permalink)
 pfsthib 
Sulphur, LA USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES, NQ
 
pfsthib's Avatar
 
Posts: 58 since May 2014
Thanks: 37 given, 76 received


Flash Gordon View Post
I don't think LeeLoo's system are very automated, thus having to submit all those screenshots when you pass the evaluation.



Surely, they understand the downside of having some of that flakey stuff on youtube. I will say, their website does very well in explaining how it all works.

You do not (double check me) get all your profits unless you stay with them for I believe about a full year. There is a pro-rated penalty.



I hope their trade copier is a "true limited authorization to trade a portion of their actual funded account", if not, pure trade copying is illegal in the United States. Further, if you had a blow-out (opposite of a blow-up) day and they chose not to copy you and others that day (i.e. trend day), they could be out some serious money, having to pay all those winners.



Sure would like to hear and see about some traders, the more the better, who have had a "long term" relationship with LeeLoo



-Best trading,

-Flash



So if I have several accounts and want to trade in all of them itís illegal for me to do that with a trade copier?


Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #55 (permalink)
Flash Gordon
Burlington, North, Carolina/USA
 
 
Posts: 8 since May 2019
Thanks: 7 given, 3 received

I have been doing some research about gaming laws in LeeLoo's home state (actually read the statutes) and while online gambling is clearly illegal, you are allowed to gamble on games of chance (while in the state) as long as you are betting on your own abilities (thus trading). I don't think they anticipated online cross boarder trading when they wrote the laws, but it is clearly stated that online gambling is illegal.
Plus someone would have to take the initiative to enforce it.

Their initial evaluation and both their paying account types are pure SIMULATORS as they clearly say so on their website.
I don't know why they would say they might copy your trade. Once you have ever entered a trade could you!. tell for certainty whether it was going to be a winner or a loser? I personally never could. I think that statement is pure B.S., maybe more like a decoy.

In conclusion you and they are using the Rithmec platform as an independent score keeper for what amounts to pure online simulated trading thru and thru, no matter the size of your program. If you loose, they keep the entry-fees, monthly fees, and 20% if you win, which really means they just have to take out of their own pocket 20% less than you may have won in the simulator game. NONE OF YOUR TRADES EVER HITS A REAL EXHANGE LIKE THE CME, JUST THE SIMULATOR (a game). If you win, they pay you out of pocket based on what the simulator says you earned. They must be counting om and succeeding on having more losers than winners. THIS IS FURHTER PROVEN BY THEIR STATEMENT: THEY RESERVE THE RIGHT AT ANY TIME TO MOVE YOU TO YOU OWN FUNDED CQG ACOUNT. If you do well they move you to a funded account to reduce their exposure of having to cover your wins in the simulator game in which case they really would still get 20%.

I'm not sure or saying they think they are doing anything wrong, perhaps they consulted lawyers and it's acceptable. But for sure, a real trading account is not to be expected to be part of the deal. Buyer Beware.

Reply With Quote
The following user says Thank You to Flash Gordon for this post:
 
(login for full post details)
  #56 (permalink)
 Tanvo 
Amsterdam Netherlands
 
Experience: Beginner
Platform: IB
Trading: ES
 
Posts: 10 since Oct 2020
Thanks: 18 given, 4 received

Following!

Reply With Quote
 
(login for full post details)
  #57 (permalink)
skraadiing
EspaŮa Madrid
 
 
Posts: 26 since Oct 2020
Thanks: 16 given, 17 received

Enhorabuena por haber pasado la prueba!
YO LO INTENTE UN MONTON DE VECES TODAS FALLIDAS
Hasta que me di cuenta por fin cual era mi fallo mas grande, la psicologia.
Ahora estoy tratando de pasar la prueba de 75k de earn2trade y llevo 23 dias operados
y 1250$ de beneficios Objetivo 4300$ de beneficios, no se cuando lo lograre pero lo hare.
Y la verdad que necesito ayuda porque llevo mucho operando en esta cuenta y muy pocos beneficios. ahora opero con 1/2 contratos. Creen que deberia ser mas agresivo y entrar con mas?

Reply With Quote
The following user says Thank You to skraadiing for this post:
 
(login for full post details)
  #58 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,375 since Sep 2011
Thanks: 1,534 given, 2,017 received

Any reply in ENGLISH would be very much appreciated in this part of the forum.

Otherwise, I'll have to ask my wife for an appropriate translation...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following user says Thank You to Daytrader999 for this post:
 
(login for full post details)
  #59 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,448 since Jan 2013
Thanks: 48,906 given, 21,575 received


skraadiing View Post
Enhorabuena por haber pasado la prueba!
YO LO INTENTE UN MONTON DE VECES TODAS FALLIDAS
Hasta que me di cuenta por fin cual era mi fallo mas grande, la psicologia.
Ahora estoy tratando de pasar la prueba de 75k de earn2trade y llevo 23 dias operados
y 1250$ de beneficios Objetivo 4300$ de beneficios, no se cuando lo lograre pero lo hare.
Y la verdad que necesito ayuda porque llevo mucho operando en esta cuenta y muy pocos beneficios. ahora opero con 1/2 contratos. Creen que deberia ser mas agresivo y entrar con mas?

Hi @skraadiing,

Please do not continue to make non-English-language posts in the English sections of this forum.

If you wish to take part in these discussions, you will have to post in English, because that is the language that they are conducted in, and that most of the members of the forum can understand.

This is your second Spanish-language post here today. Any additional non-English posts will be deleted.

I hope you understand... there is no problem with Spanish as such. It's just that the other members, in general, won't be able to understand them, and can't respond either, so there can't be a conversation.

Thanks.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:
 
(login for full post details)
  #60 (permalink)
Flash Gordon
Burlington, North, Carolina/USA
 
 
Posts: 8 since May 2019
Thanks: 7 given, 3 received


pfsthib View Post
So if I have several accounts and want to trade in all of them itís illegal for me to do that with a trade copier?


Sent using the futures.io mobile app

Trade copying is illegal in the United States (no grey area here), with the exception of "you" having multiple accounts "just in your name only " and you apply software to copy the trade from one machine to the other to copy just "your" wholly owned trading accounts, -best, -fg

Reply With Quote
 
(login for full post details)
  #61 (permalink)
userque
Chicago IL
 
 
Posts: 180 since Apr 2016
Thanks: 487 given, 126 received


Flash Gordon View Post
Trade copying is illegal in the United States (no grey area here), with the exception of "you" having multiple accounts "just in your name only " and you apply software to copy the trade from one machine to the other to copy just "your" wholly owned trading accounts, -best, -fg

There is a whole copy-trading industry in the U.S.

Collective2.com, for example, where subscribers pay in order to copy another's trading signals. That is just one company that does it.

Also, IB has:

Friends and Family Advisors
Manage, trade and report on multiple accounts from a single master account or take the first step toward starting or growing an advisor business.


Footnote:
Many states have requirements that advisors register if they have any paying clients. Some allow advisors to have a de minimis number of paying clients. The rules vary from state to state. For example, Nevada has informed us that it requires that Nevada-domiciled persons be licensed as Investment Advisors to engage in this program per NRS 90.330. You must review the rules of your state and those of your clients to determine if you need to register.

Or did I miss something from the discussion?

Reply With Quote
 
(login for full post details)
  #62 (permalink)
Flash Gordon
Burlington, North, Carolina/USA
 
 
Posts: 8 since May 2019
Thanks: 7 given, 3 received


userque View Post
There is a whole copy-trading industry in the U.S.

Collective2.com, for example, where subscribers pay in order to copy another's trading signals. That is just one company that does it.

Also, IB has:

Friends and Family Advisors
Manage, trade and report on multiple accounts from a single master account or take the first step toward starting or growing an advisor business.


Footnote:
Many states have requirements that advisors register if they have any paying clients. Some allow advisors to have a de minimis number of paying clients. The rules vary from state to state. For example, Nevada has informed us that it requires that Nevada-domiciled persons be licensed as Investment Advisors to engage in this program per NRS 90.330. You must review the rules of your state and those of your clients to determine if you need to register.

Or did I miss something from the discussion?

I was referring to the scale that LeeLoo seems to be attempting. They clearly state "no power of attorney required" -best, -fg

Reply With Quote
 
(login for full post details)
  #63 (permalink)
Flash Gordon
Burlington, North, Carolina/USA
 
 
Posts: 8 since May 2019
Thanks: 7 given, 3 received


pfsthib View Post
So if I have several accounts and want to trade in all of them itís illegal for me to do that with a trade copier?


Sent using the futures.io mobile app

No, not at all. You can copy trade your own "owned" accounts and a limited number of "family" accounts (I think 15, not sure) all you want. -Best trading, -fg

Reply With Quote
 
(login for full post details)
  #64 (permalink)
Ghappy21
plano TX/USA
 
 
Posts: 16 since Feb 2021
Thanks: 1 given, 20 received

Santom, I enjoyed the thread but it stopped several months ago. How are things now? Are you still with LeeLoo? What are your thoughts about how difficult it may be to avoid liquidation, if one is being conservative? Any negative surprises with LeeLoo?

Reply With Quote


futures io Trading Community Trading Journals > My Leeloo 150K Funded Account Journal


Last Updated on March 23, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April
     



Copyright © 2021 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