When I read these posts about opening 20 accounts to maximize winnings; my first thoughts are this person is a gambler. If the goal is to gamble, continue with caution. Otherwise, I suggest avoiding trading. At least master a single account before looking at multiples. Further, I suggest an approach assuming failure for 36 months and the costs associated and then work from there toward success.

Don't forget to add the professional subscription fees for data if you do succeed, running north of $450 per month if you're trading something all exchanges, but can be down to around $130 if trading one.

I don't understand the gambling part. Aiming for $100 or especially $50 per day on average is pretty conservative in my opinion and something I have proven to myself as being possible. However, I don't think someone, or me at least, can make a living with $50 a day, but can if I multiply it by 20. I don't understand why you think this is gambling.

Your assumption also seems to be that someone just jump into this with no experience and miss the part where I said "IF you can consistently squeeze out small daily gains." I never said and will never advocate to jump in with 20 accounts or even 1 if you are not consistently profitable as there is no point to do so. If you cannot make small consistent average daily gains, I think it goes without saying that you will also not be able to do it with 5, 10, or 20 accounts.

I find myself sounding like a broken record now. In the end, those who don't think this is possible or that it is a good idea will continue to think so and those who know this is possible, will continue to leverage small investments in large payouts.

With this, I will bow out of this thread and wish everyone happy and successful trading whichever way you are doing it.

I don't understand the gambling part. Aiming for $100 or especially $50 per day on average is pretty conservative in my opinion and something I have proven to myself as being possible. However, I don't think someone, or me at least, can make a living with $50 a day, but can if I multiply it by 20. I don't understand why you think this is gambling.

Your assumption also seems to be that someone just jump into this with no experience and miss the part where I said "IF you can consistently squeeze out small daily gains." I never said and will never advocate to jump in with 20 accounts or even 1 if you are not consistently profitable as there is no point to do so. If you cannot make small consistent average daily gains, I think it goes without saying that you will also not be able to do it with 5, 10, or 20 accounts.

I find myself sounding like a broken record now. In the end, those who don't think this is possible or that it is a good idea will continue to think so and those who know this is possible, will continue to leverage small investments in large payouts.

With this, I will bow out of this thread and wish everyone happy and successful trading whichever way you are doing it.

If you can copy your trades to 20 accounts, just multiply that by 2 and you can have 40 accounts, conservatively speaking ofcourse… then you can theoretically get monthly $65000 PAYOUTS, each month.



…that’s what I would do.

And what about the risk you will be taking?

Don't underestimate that?

If you can copy your trades to 20 accounts, just multiply that by 2 and you can have 40 accounts, conservatively speaking ofcourse… then you can theoretically get monthly $65000 PAYOUTS, each month.

…that’s what I would do.

Risk? What’s that? I just multiply one account with my copier, and BAM!💥 PAYOUTS 💰, conservatively speaking.

@Darvish, there's nothing really wrong with the fact that you almost exclusively post about how bad you think the funded trader programs are, but that's really almost all you do. There's also nothing really wrong with the fact that you spend so much time criticizing or even ridiculing other members about their use of the programs -- although it would be better if you were not as rough or satirical about it as you sometimes are.

But I think you have shown that you are generally well-intentioned and actually mean to help people (I think there probably are some who have received your criticism who would disagree with this assessment, but I think it's generally true.)

But almost all you talk about is how wrong other people are for making the choices they have made, when they differ from you own. Maybe you could find something constructive to say to them? I understand that you are on your soapbox (your term) and your message is "stay away from these things," and that you think this is constructive. But telling people how wrong and misguided they are is not really constructive by itself. You need to present an alternative as well.

I have read your ideas about reasonable alternatives. Basically, they are to use the micro contracts to experience the risks of the market while limiting your actual financial losses to something that is hopefully bearable, and to learn from the experience. This is good advice for many people. If someone does not face the reality of financial loss, in a recoverable way, it is very hard to learn to trade. The simple fact is that many (most) people do not make it anyway.

It is also true that if a person only trades in pure simulation mode, they will not ever experience the personal and emotional terrors that come with being wrong when money is on the line -- meaning, they will not learn much about real trading. But there are people who feel that they have a big enough stake with the money they have put up with a funding company that they have at least gotten part-way into the reality of true financial gain and loss, as it impacts them emotionally. This may not have been your experience, but you are not them, and you are not in a position to tell them how to run their trading life. You also do not, realistically, know how they should.

There are downsides to someone trying to learn to trade with a funding company (losing all the money you pay them is a big one), just as there are downsides to trying to learn to trade with just trading the micros (losing all the money you put into them is also a big one), just as losing all the money you put into trading anything is a big one. Facing that fact that you can lose no matter how you trade, and dealing with it, is not a real easy lesson. If you read people's trading journals, this ends up being the thing they grapple with the most, whether they are trading minis, micros or funding evaluations, whether huge cash amounts, tiny micro-contract accounts or hypothetical eval accounts. How seriously they take the challenge, how well they confront their own issues with trading and winning and losing, is a big part of whether they succeed or not. And how they take it is entirely up to them.

This is the paradox of a trading forum. We can learn from each other, but it is always up to us individually to learn our own way. And while some believe they know the right way for everyone, they don't.

So I am not, as a moderator, going to tell you not to express your opinions about these programs. Continue to present your views about the downsides and the alternatives, if you wish to do that. I will suggest that you have more regard and respect for other people's choices and other people's experiences, as well as the fact that only they are in a position to make their decisions, and you (and I) can only be a bystander, hopefully adding something that they can put to use. Which does not include lecturing them about their mistakes (as we may see them. As if we had any say or any right to say in their decision-making anyway.)

And always, if you can help other traders by showing them how your own experience can help them to make it through to their own trading improvements, that would be best.

Bob.

If you are able to hang on for 10 points for 20 points, you’re not a person who should be using funded trader programs, and if you were, they would kick you out. Now on the other side, the 99.9% of people who join from the funded trader programs, are not at a level emotionally, psychologically, knowledgeably, experientially where they can hang on for 10 or 20 points, not the way any of the future markets move.

You feel this to be true, or know it to be true?

I am not aware of a single person that was kicked out of an online prop firm for making money by holding a position for 20 points