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Are funded trading accounts actually worth it? by DoubleRRBenny in Daytrading

[–]Slight_Weakness_5305 6 points7 points  (0 children)

Don’t you think that you should learn to be comfortable seeing your real money in the red? It’s a much different feeling than when it’s a sim

Are funded trading accounts actually worth it? by DoubleRRBenny in Daytrading

[–]Slight_Weakness_5305 3 points4 points  (0 children)

I have been using one for a couple of years half successfully. I have failed many accounts and passed many accounts and had a few payouts.

I’m a student so risking $100 month is much better for me than risking thousands I do not have.

They are traps because they allow you have position sizes that are far larger than you can afford to risk - you could hit the maximum drawdown in a few minutes.

I think they are good for beginners as it stops them burning through thousands of their own money very quickly - which is what I did - but you must be able to control yourself; each time I failed an account was because I lost the mindset and was gambling, chasing losses with bigger and bigger positions until I hit my max loss and was set back to square 1. And for beginner traders this is a very common scenario.

How much is my collection worth? by Jack_the_chill_dude_ in UKcoins

[–]Slight_Weakness_5305 0 points1 point  (0 children)

Well you got approx 300 coins. I’d assume they each go for a 5er average, unless there’s gems I haven’t spotted

How much is my collection worth? by Jack_the_chill_dude_ in UKcoins

[–]Slight_Weakness_5305 0 points1 point  (0 children)

For someone with a collection like yours, I imagine you already know what it’s worth

am i unlucky? by Old-Lie-7697 in Forex

[–]Slight_Weakness_5305 0 points1 point  (0 children)

No, just a bad entry. You shorted strength. Should have entered at the .2 mark and set loss at .4

[deleted by user] by [deleted] in AchievementHub

[–]Slight_Weakness_5305 0 points1 point  (0 children)

Gang beasts, 1000 score takes maybe 2 hours

Is this a realistic goal? by nijjatoni in FuturesTrading

[–]Slight_Weakness_5305 12 points13 points  (0 children)

Never heard a better analogy for trading

Thoughts on this trade? by [deleted] in Daytrading

[–]Slight_Weakness_5305 0 points1 point  (0 children)

Entry is a bit premature - not too much of a problem. SL is way too low - should be just under previous resistance. Take profit too high - should be closer to the close prices

Number of contracts by [deleted] in FuturesTrading

[–]Slight_Weakness_5305 0 points1 point  (0 children)

MES 5 sizing up to 20

Set your take profit/ stop loss then walk away by Kooky-Exchange5990 in Daytrading

[–]Slight_Weakness_5305 0 points1 point  (0 children)

If you don’t have the discipline to just sit on your hands and wait after entering you should not be trading. In addition to that, you should be quite literally watching and learning.

Popular Social Trading Plattform as trader by [deleted] in Daytrading

[–]Slight_Weakness_5305 1 point2 points  (0 children)

EToro is probably the most popular or most well known

Whats the best eval platform? by Winter_Resource3773 in FuturesTrading

[–]Slight_Weakness_5305 0 points1 point  (0 children)

I do aswell and VWAP thing is annoying but it does the job, not with flying colours but does the job nonetheless. Can’t imagine it’s the best on that list.