@Emmonspired I hate that $150k accounts are 3x the risk but don’t offer 3x the reward. But unless you’re trading micros, then yes, 50k accounts will be blown quickly.
I’m currently running a fully automated algo (built over the last 2-3 years) from watching all types of markets. Some strats work great in trend but fail in chop. Some will make bank in chop but bankrupt you in trend. I wanted a Strat that could endure all markets, and to do that I had to understand basic principles of how the market trades. Essentially, building an algo that understands the other market algos that drive the market.
I’m currently working toward a new milestone. I’m looking to get my first payout from a prop firm without ever taking a single manual entry or exit. Everything automated.
I’m currently on Day 3 to pass some $150k evaluations (desired for the extra drawdown potential).
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@Emmonspired No truer words have been spoken. A generation of new traders are being shaped to trade with between $2000-4500 drawdown with access of up to 15 minis 😂😂😂