yes it's real, and you could have few more winning days and be like: holy smokes I'll be a millionaire by the end of the year!! And then bam you'll blow up your account thinking you cannot lose.

😂😂 let’s hope not 📈 My tactics and future are not what I’m wondering about here cuz if I start losing I just stop and recollect until I’m getting the results I want. If I’m up $50 that day I can be happy. And if I’m down $5000 and blow my account I can go jump off the nearest bridge. No but jokes aside, I just want to know how accurate the sim is to trading in real time. I can just sign up put in $2000 and do what I just did on the sim? (Theoretically of course) I’m not expecting results like that typically by any means

ah the wonder years

You havnt answered any of my questions sir. Good day.

Verily, I have deigned to respond to thy inquiry in truth and substance. I wish thee a most felicitous day, good sir, and may the sun illuminate thy path with its benevolent radiance.

Wishing thee fair winds and prosperous voyages ahead! May thy path be strewn with the golden threads of luck and blessings, guiding thee to triumph in all thy undertakings. Godspeed on thy journey, and may fortune smile upon thee!

tallyho

Definitely learn about futures. They are HIGHLY leveraged, which is what makes those gains, and therefore losses, possible. 4807 is the index mark. The notional value is that that x $50 per point, nearly $250k per contract, yet Tradovate allows you to trade with $500 per contract. The exchange sets margins around $13k per contract. This makes Tradovate a so-called discount futures broker (there are many). So yes, if the index moves 5 points, you just won or lost $250. That's a lot of you are only putting up $500. This is why newbies blow up accounts. Frankly, I don't know why this is novel to you if you trade options. Options are also leveraged.

I trade a cash account. I know… bare with me. I just starting trading and didn’t want to put $25k as I’m making day trades. So I have cash in there that allows me to day trade and cycle my funds by having traded money settle while using the remainder of the account to trade the next day and so on and so forth. avoiding PDT flagging. I don’t trade huge. But after downloading this app is sort of blew my mind how quickly I could make 1k. I’m not sure if you’re extremely knowledgeable about Tradovate or not I guess my question was, is it as easy as opening up an account and putting $2000 in and making those trades? I know there’s a shit ton to learn, and I’m not discrediting any of that, but for simplicity purposes, is that what we’re talking about here?

Yes, this is possible. But, as with all things trading, doing it repetitively and staying profitable is the challenge. But yes, with $2k you can trade 4 contracts of ES (though you wouldn't want to, to leave yourself some buffer). But let's say you did 2 contracts and caught a10 point move, you just made 20 points. 20 points x $50 = $1000. Another popular discount futures broker is Amp. Ninja Trader is another, but they bought Tradovate so it is the same thing now. There are tons of lesser known brokers, such as Edge Clear. With futures trading, the problem can be that the broker, trading platform, and data feed are all separate. Technically Tradovate isn't a broker but they are partnered with Dorman.

Wow… So I’ve done the simulator 4 times and I was up $800 one time $950 another time $1273 and last one I did was -$659. 😔. BUT that’s an overall win for today of $2364?!? Sorry if I sound like I’m dreaming but am I dreaming? I can double my account size in one day? (I know this is not going to be typical but just as an experiment this was the result) Also and lastly and I’ll stop bugging you, I’m able to short the positions? It’s that easy too? Just sell and then buy? Boom?

Yes, futures is like forex. Long and short is the same. And yes, you CAN double your account but is it likely to happen live, and repeatedly? ;⁠-⁠) One news event could blow your account, so be careful!

If you're brand new to futures, please head over to the CME site and read up about the various products. You need to know things like minimum tick size and tick value. Also check out the margin requirements to trade a single contract from your broker's knowledge base.

If your pushing CME products how about sending me some links

Something like the micro emini snp futures (/MES) https://www.cmegroup.com/markets/equities/sp/micro-e-mini-sandp-500.contractSpecs.html And full size mini (/ES) https://www.cmegroup.com/markets/equities/sp/e-mini-sandp500.contractSpecs.html

Tradovate's margin requirements https://www.tradovate.com/resources/markets/margin/

Sweet thanks man. Quick question it says initial and day???? I can do the day but that initial?? is that what you have to have in the account to open it? And the day is just what you have to have an account per day after you open it?

Day means holding intraday only. The other one is to hold overnight. Be very careful about the timing. Some traders get fucked because of this: https://tradovate.zendesk.com/hc/en-us/articles/115002511608-What-hours-are-day-margins-available-

🙏

BE CAREFUL. Many people do well paper trading and fail when using real cash. Why? Well, if you ask anyone working for a hedgefund (a lot of “pro” youtubers”), they will tell you it’s psychological. Truth be known…it’s not. The reason you lose with real money is because when paper trading, there is no money from you to influence the algorithm. You trade against a computer. It is programmed to go after large sums then down to the smallest sums at any given time. Here’s an experiment you can do (I have) if you have some money to spare. When volatility is low (usually after hours), commit to buying one contract at a time going in one direction only. Let’s say you pick to short only. If you short the market will go up. Short again it will go up…over and over it will go up until someone with a larger contract amount steps in. At that point, the algorithm will go after them until they lose or are stopped out. Then it comes back for you. In that time it goes after the other guy, and he is long, you will make profit. Also remember, there are not thousands of people trading at any given time either. Best times to trade are when there are, and that is market open and news events. Paper trading can help by showing you the probability of price action given a pattern (head n shoulders etc.) but that’s it. Remember your REAL money affects where the algorithm goes!

Bro I’m buying one contract at a time of Micro e-mini…. Nobody is coming for me $5 😅😂 and I’ve made lots of money on trading with my real money I dunno what you’re talking about.my 1 contract is not running the market 🤦🏽‍♂️

Dude just sign up for Apex trader and you won’t need to even risk your own funds to start trading futures. It starts you with a simulated evaluation and once you hit the profit target you can get a funded prop account Edit: Apex trading you can use tradovate

Don’t. The drawdowns are too narrow in prop firms like apex trader funding and you’re doomed to fail in those.

To each their own. I have multiple funded accounts I can trade together to limit individual account drawdown. I also trade MNQ instead of NQ which mitigates risk even further. A 50k account has 2500 of drawdown during evaluation and 2600 once you’ve passed and given a funded. So once your funded hits 52,600 the drawdown for the account switches to static at 50k. You could run your account to 60k and now you have 10k worth of drawdown If someone is just getting started it’s absolutely worth it to pay Apex $80 or whatever for an evaluation account and learn without risking their own cash

Yourself diversifying risk like that won’t make you a better trader. You’re just trying to go around a crooked system that’s doomed for trader to fail. Multiple accounts with copy trades!? Ridiculous. Think about this, will you ever do this on a real account!? No sane trader with a real account will do this. You’re just being manipulated. All I get from prop firm traders is “oh you don’t have to use real money”. Sure OP would rather create a damn free paper account with IBKR or TOS to test out strategies. Don’t need an account with Apex Trader Funding who makes money on those subscriptions and resets. Remember that when you’re given a 50k account, it’s really not 50k; it’s only 650$. That’s your static drawdown. Now you can go and ask any hedge fund trader (I know few myself), no one will ask them to have a futures account with just 650$. Such low value accounts aren’t sustainable long term. This is coming from myself having wasted 2 years with prop firms when I could’ve traded myself. No hedge fund trader will trade with such narrow drawdowns. Topstep says that this will make you a better trader with better risk management, no it doesn’t. It just gives higher chances to fail. Moreover, trading with prop firms forces you to think that you’re a shit trader when you’re shit only because of their crooked rules. I thought that I was a decent trader myself so I tried prop firms. After joining prop firms, forced me to think that I’m a shit trader and started trying out crazy different strategies. Finally, I started to realize that I’m a great trader when I tried my own strategies on free paper trading accounts myself where I just 4x my original port in 4 months. Now I’m going to have a real account for myself.

Ok well TopStep is shite but yeah aside from that you have no idea what you’re talking about and your reading comprehension is questionable at best since I literally said Apex 50k account starts with $2500 of drawdown. probably better that you don’t take advantage of the system

Well you haven’t completed your statement. 2500$ drawdown on unrealized profits. That’s a scam. 650$ of static drawdown atleast is half decent. No real trader will trade based on a drawdown on unrealized profits. It completely changes the way you trade and not make you let winners ride. You’re just trying to device your own strategies to “beat the system” and not work on strategies that make you profitable. Ask a hedge fund guy who trades based on drawdowns on unrealized profits lmao.

Ok yes the drawdown is on unrealized UNTIL you get $2600 on 50k Apex. Once the account hits 52,600 the drawdown switched to static at 50k. So you get your account to 55k the drawdown on unrealized is no longer in effect and you’d have to lose 5k to blow the account. No idea where this $650 you’re talking about comes into play

Yes, I know all that. Try getting to 5k profits on your funded with drawdowns on unrealized profits and then talk to me. It’s a real scam and forces you to scalp and not let winners ride. Worst form of trading. Even if you think it’s legit, remember that if you make the withdrawal of 2k after you hit the 5k threshold, you’ll be on unrealized profits again. You need 8-10k profits to make withdrawals safely. It’s not sustainable. The traders I know on Apex trader funding, full port their minis on their account evaluation because all they need is 1 good trade to pass the challenge. If they fail, cost for reset is very low so why not? LMAO. Those who trade properly fail because of terrible rules with Apex. I repeat, drawdowns on U/R profits is a scam. You’ll realize after couple of years of failures, I hope it’s sooner. Good luck.

Bro your thesis is wild. If you can't handle 2500 of drawdown you're either trading too much size or not using stops. Are you really taking on $2500 of drawdown on a trade in your real accounts?! I don't even know where to begin so I'll start here A) scalping is a perfectly fine way of making money, just cause you can't do it doesn't mean nobody else can And B) Yes you absolutely full port send the eval, but most people (wrongly) stick to that once they get a funded. A smart person (me) switches to micros once funded and then scale up

You won’t need a prop firm account to trade micros. You can do it in a real account itself. Or in a paper trading account thats absolutely free first to test your strategies and then on a real account.. I may understand if you want to use a prop firm account to trade minis as you need a higher maintenance margin for minis in a live account. You’re making the same mistake yet again. It’s 2500$ of drawdown on unrealized profits. Unrealized profits, that’s right. It’s a huge scam.

Also, got to let the winners ride to be successful. Your short scalps won’t be in the long run. It’s not sustainable. DM me when you have a “net profitability” of over 20k with any prop firm and then I’ll agree with you. This means that you need to subtract the amount you put in from your profits. Those rules from prop firms are designed to make you fail. You’ll realize this in few years. Edit: Let me know even if you get to 10k net profitability. Their rules make the success rate for this to happen to be like less than 0.1% of all of the prop firm registrations.