Passing and Getting to payout

Passing and Getting to Payout

Phase 1: Passing the Trading Challenge

Week 1-2: Strategy Testing and Adaptation

Objective

Establish a baseline trading strategy focusing on the E-mini S&P 500 futures (ES) using micro contracts. Start with trading 2 micro ES contracts.

Daily Goal

Aim for a net gain of 15 points ($150 with 2 micros at $5 per point). Weekly Target $750 (assuming a 50% win rate across 5 trading days).

Risk Management

Set a maximum daily loss limit of $100 (equivalent to a 10-point loss on 2 micros) and a weekly loss limit of $300 to prevent deep drawdowns early on.

Adjustment Criteria

Review trade outcomes daily. If a particular setup or strategy underperforms consistently over a week, refine or replace it.

Week 3-4: Scaling and Refinement

Objective

Accumulate $1,000 in profit by the end of Week 4, adjusting position size as confidence in the strategy increases.

Position Size Adjustment

Increase to 3 micro ES contracts once $500 in profits is secured, aiming for $225 daily (15 points).

Weekly Target

Adjust based on increased position size; aim for $1,125 if trading 3 micros with a 50% success rate.

Risk Management

Adjust the daily loss limit to $150 with the increased position size. Maintain a tight rein on weekly losses to safeguard against drawdown
Phase 2: Achieving Funding
Week 5-6: Consistency and Milestone Achievement
Objective
Surpass the challenge profit target of your account by focusing on consistent execution of the refined strategy.
Daily and Weekly Targets
Continue with the established targets, ensuring consistent daily review and adjustment based on performance.
Position Size
Gradually increase to 4 micro ES contracts if and when the total profit exceeds $1,500, aiming for $300 daily.
Risk Management
Implement a sliding scale for the daily loss limit based on profitability, ensuring not to exceed a $200 daily loss.
Week 7-8: Final Push and Challenge Completion
Objective
Solidify gains and cross the finish line of the challenge with profits exceeding the Profit mark.
Strategy Adjustment
Lean into the most successful strategies identified in the first 6 weeks, minimizing experimentation.
Risk Management
Keep a stringent focus on the set risk parameters, especially as the challenge's end approaches.
Phase 3: Funded Account and Consistent Payouts
Week 9-12: Transition to Funded Account
Objective
Adjust to the funded account's conditions, focusing on steady growth and consistent withdrawals.
Payout Goal
Establish a monthly withdrawal target based on a percentage of the profits, starting with aiming for a $3,000 payout.
Position Size
Begin with trading 4 micro ES contracts, gradually increasing to 5-6 as comfort and capital grow.
Risk Management
Prioritize capital preservation with a stricter daily loss limit and a focus on the monthly profit target for withdrawals.
Beyond Week 12: Scaling for Growth
Objective
Incrementally increase the trading size to 10 micro ES contracts, focusing on sustainable growth and regular payouts.
Scaling Strategy
Increase the position size by one micro contract every month, subject to maintaining a consistent profit margin and adherence to risk management protocols.
Monthly Reviews
Conduct comprehensive reviews to assess strategy performance, risk management effectiveness, and emotional discipline. Adjust the plan based on these insights.
Long-Term Goal
Achieve and maintain a balance between aggressive growth and risk management to ensure consistent profitability and regular payouts.

Key Considerations:
Continuous Learning: Engage in regular review sessions to analyze performance, market conditions, and strategy effectiveness.
Risk Management: Employ a disciplined approach to managing risk, never risking more than 1-2% of the account on a single trade.
Emotional Discipline: Maintain a level head, focusing on long-term goals over short-term outcomes. Develop a routine that supports decision-making and stress management.
Adaptability: Be ready to adapt the trading strategy in response to changing market conditions, new insights, and evolving trading skills.

------------------------------------------ U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN. Trading Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Hypothetical Performance Disclosure Example: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets Last updated June 13, 2019 in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.