Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Any long term success stories from funded traders in these get-funded programs?
The trailing drawdown on unrealized profits is a killer for certain trading styles, but if you stay small and it stops trailing after the evaluation, that helps.
Can you help answer these questions from other members on NexusFi?
I don't know when one can call oneself long-term successful? I completed the evaluation phase in mid-May and have been active since then.
Since the trailing drawdown is stopped, this is no more an issue during later trading.
Of course, risk management is still the key to any trading success, which is why I also used my own risk management for this, $250 daily loss limit per Lot. In order to protect my account
That's four-and-a-half months so far. That's longer than I managed when funded with Topstep, and longer than the vast majority of the other people who have posted on this site saying they had got funded with a company, but then blew it.
Well done. Good job
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Regarding long-term successful, that's a good question in this business. But if you've stayed in business for this long I imagine you must be doing something right.
Would you mind sharing a bit more and maybe how you experience LeeLoo?
Have you made any withdrawals? If not - do you plan to do so or are you planning to build your account before doing so?
As already written, in my opinion, risk management is essential to stay in the game. "Trade small especially in the beginning"
In the private account no one gets the idea to trade e.g. 8 lots with 2500$ max. loss limit/account size, but in all the programs out there it is supposed to work , they want to see that you can manage risk and only then is the performance interesting.
Therefore, I did the entire evaluation with 1 lot and was through with it after 5 days, even now I "only" trade with 1-4 lots (depending on the market situation), which would be enough to live on, although my fund in the account is already large enough to trade the full 8 lots (according to my risk rules which are more conservative).
Personally, I have chosen for the Investor Account and my experience with Leeloo so far is good, the support is fast and also the withdrawals work.
@MR79 Can I ask if you enforce your daily loss limit in any automated way? for instance do you use Sierrachart loss management feature? or do you user Rithmic autoliquidation feature?
Also, what do you consider to be a good trading day, in dollar terms and what is a normal trading day for you?
Just curious, I am working hard to reach some sort of consistency and I think your feedback might help me.
Thanks a lot
And I completely agree. I'm not sure if I said it here or somewhere else, but just because you can trade 15 contracts doesn't mean it's a good idea. Staying relatively small is the key to succeed in this game. At least with the risk parameters these Combines offer. One could argue that the risk parameters these firms give you are a bit too tight if you want to trade larger, so it's essential to not get too big if one want to have a realistic chance at succeeding.
Regarding the trailing drawdown on unrealized profits, I think it's a stupid rule, but it could work with my scalping strategies where I use limit orders which are automatically placed based on fill price, i.e., buy @ 10 => sell limit @ 11.5.
I'm not sure how much communication you have had with them or if you know otherwise, but do you think it's possible that at some point in the future they'll say, "Look, you're doing really great. Would you like to trade a bigger account for us and increase your size?"
I use the sierra function to enforce it in the last consequent if I fall into my "bad habits". I tend not to give up and sometimes the support of a "risk manager" is needed in this case of Sierra's automatic.
Personally for me, I consider anything over $1000 a good day to live carefree.
The average day is currently +35t per lot in the ES and I trade 2-3 lots on average.
I think that is the mistake 95% of the participants in these programmes make. They only see how much lot they can trade and of course they have to try it out.
Much more important and absolutely essential is how much total or daily risk is available to me. With this information, it is quite clear that for the evaluation, it is only practical to trade with a maximum of 0,5-3 lots, depending on the actual risk capital.
We can think what we want about it, but it's there. Intelligently setting TP or manually closing when there are signs of a counter-movement has helped me.
, they want to see that you can manage risk and only then is the performance interesting.
