New rules makes impossible to trade
New rules makes impossible to trade in long-term consistent strategies
They have imposed new rules that go absolutely against being able to operate as a CPT (constant profitable trader) applying a risk in line with long-term trading possibilities. A new profit rule forces someone with a 50k account to apply a risk per trade of 10% in order to have a minimum of 200 USD in daily profits to count as a positive trading day, which if you make 199 does not qualify as a positive day. An outrage, knowing that in trading to have long-term possibilities you must manage a maximum of 3-4% per trade (and it is already too much). This company forces you to apply hyper-aggressive management so that a day of trading can qualify as a an active daily profit, which in the long run causes you to bankrupt your account.
There is also another new 23% rule, where a good day must at least be 23% of the best day you have on record. To put it in perspective, they penalize good achievements since each time they will demand more profit from you to qualify as a positive day.
All new rules that have nothing to do with generating prudent trading decisions and good habits. Easy to pass the test, but then once funded they put all the obstacles so that you cannot operate as you should to be a consistent trader.
They have imposed new rules that go absolutely against being able to operate as a CPT (constant profitable trader) applying a risk in line with long-term trading possibilities. A new profit rule forces someone with a 50k account to apply a risk per trade of 10% in order to have a minimum of 200 USD in daily profits to count as a positive trading day, which if you make 199 does not qualify as a positive day. An outrage, knowing that in trading to have long-term possibilities you must manage a maximum of 3-4% per trade (and it is already too much). This company forces you to apply hyper-aggressive management so that a day of trading can qualify as a an active daily profit, which in the long run causes you to bankrupt your account.
There is also another new 23% rule, where a good day must at least be 23% of the best day you have on record. To put it in perspective, they penalize good achievements since each time they will demand more profit from you to qualify as a positive day.
All new rules that have nothing to do with generating prudent trading decisions and good habits. Easy to pass the test, but then once funded they put all the obstacles so that you cannot operate as you should to be a consistent trader.
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ETF Team
ETF Team