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I have had a few failed attempts at getting funded account, mainly due to my own self sabotage and over trading. I have decided to keep a journal to help keep my focus.
I only started day trading 9 months ago when i jumped in feet first during the covid lockdown here in Australia and mainly trade the close of the Asian session and the open of the Euro. I am still working a full time job in the construction industry.
For the most part I have been trading the micros but am looking to get funded and try and build up some capital to have all of my own action in the future.
Since Leeloo use unrealised profit as part of their drawdown calculations I have changed ATM strategy to have fairly close trailing stops on all of my trades. Even on big trend days I will leave these in place and just look to keep buying the dips.
To stop any over trading I will be only looking to make $600 profit a day for the 10 day evaluation process.
If anyone has any tips to share on passing the evaluation stage I would love to hear them.
I am all set up to go and will be looking to update this journal daily.
Day one done. 3 winning trades for +15.25 pts/$762.50 Got in early on my first two trades and over compensated by getting in late on the third. Two of the trade were stopped out which is by design given the Leeloo rules for their trailing drawdown. Signing off for the day.
Day two we ended up about $700ish on the day. I wasn't happy with the way I traded and got stopped out twice. I decided to drop down to two contracts and widened my SL to 12 ticks instead of 8.
Home from work early and it's time to get some trades in.
Yes, but 100k is fictional, since the amount to trailing is much lower.
Most people seem to still base their risk management on this fictional number instead of the amount they are really allowed to lose.
That is how those companies get your fees, you are shooting ducks with a bazooka and blow up.
Decided to try out their promo for 38 bucks.
Setup was fast, I will let you know how it goes... 10 days to make 6k, 3k draw-down.
Will teach me for a few bucks how to go for bigger gains, will try to make over 1k per day, good investment even if i would fail (if you dont make it in 10 trading days but are in positive you can switch at day 9 to one of their normal evaluations and would keep your trading days and gains, so going light is not that bad and for sure more reasonable).
But I will trade only 1-2 minis max anyways on NQ or max 3-4 MNQ micros at the open.
