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- VTF: π 5 Rules For Successful Funding Evaluations π§ π‘
VTF: π 5 Rules For Successful Funding Evaluations π§ π‘
πNEW 90% OFF FUNDING FLASH SALE - ENDS TONIGHT
A New Bulenox Flash Sale That Ends Tonight
5 Rules to Pass a Funding Evaluation and Achieve Trading Success
A breakdown of my trading and how I've been doing
Check out the YouTube Membership on my Jered King Trading Channel
You don't want to miss out on the community of like minded traders.
Includes Predictions, Daily Bias , and review.
S&p500 and the Nasdaq after market close live stream EVERYDAY
Price of membership = A cup of β coffee β$3.99β
Plus Livestream Trading 1pm est Mon, Wed, Thurs,
Check Out My YouTube Membership
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This weekβs funding discounts
Bulenox FLASH SALE: 90% Off:
Use the Code JKT90
25k through 250k Option 1 Accounts in the flash sale
It ends tonight, 12/9, at midnight Eastern Time
Use the discount code "JKT90" for 90% off Option 1 accounts.
New Apex Trader Funding Sale
71% off all accounts and half off resets
Ends 12/31
Use the discount code "PROVEN50" for 71% off all accounts.
To obtain a discount, click the image below or the button and use the Codeππβ¬οΈ.
Take-Profit Trader Discount
50% off all accounts has been extended until 12/20
Get an extra account for free with every single account they purchase when they pass the test!
Lifetime discount: That means if you let it get rebilled, the evaluation resets and the deal applies until you cancel or pass.
Use the discount code "KING" to get 50% off all accounts.
To get access to the discount, click the image below or the button, and also use the codeππβ¬οΈ.
TopStep Discounts:
50K, 100K, and even 150K accounts are on sale.
150k price right now $149
100k price right now $99
50k price right now $49
To get access to the discount, click the image below or the button, and also use the codeππβ¬οΈ.
5 Rules to Pass a Funding Evaluation and Achieve Trading Success
In this article, we will delve into the five essential rules that will help you ace your evaluation and achieve long-term success. From understanding drawdowns to smart risk management and effective trade execution, these rules will guide you on your trading journey. So let's dive right in!
Rule 2: Risk Management: Only Risk 10% of Your Drawdown
Only risk a maximum of 10% of your current drawdown on any given trade.Ex: β50k accounts, Drawdown is 2500 If I have full DD left, I would only risk 250.β
Calculate the amount of risk based on your trade and adjust your position size accordingly.
If the risk exceeds $250 on a $50,000 account, it's essential to reduce your position size to stay within the risk limit.
This rule ensures that you can sustain a series of losing trades without depleting your capital.
Rule 3: Scale Out at 1.5 Times Your Risk
"Nothing else you do in your trading gives you this kind of game-changing control."
Mitigates the initial risk.
guarantees a winning trade. " Even if stopped out."
It helps with emotions . (Greed, Fear, Anxiety)
1-2x higher win Rate.
It keeps you focused on proper risk management.
Rule 4: Don't Be a Pig; Sell Into Strength
Greed can be detrimental to your trading success.
Avoid the temptation to overtrade or hold on to winning trades for too long.
- Sell into strength when trailing drawdown engages βbalance at all time new highs.β
Bulls make money, bears make money, but the pigs get slaughtered.
Rule 5: Use Market Orders for Entry and Exit
Market orders ensure timely entry and exit from trades.
Unlike limit orders, market orders allow you to get into a trade promptly without missing out on potential opportunities.
Using market orders also eliminates the need to guess where price reversals might occur, ensuring better trade execution.
Trustworthy companies like Bulenox, ApexTrader Funding, Take Profit Trader, Tick Tick Trader, and Top Step Trader offer reliable market execution.
What I've learned this week in my trading
I learned that during rollover weekI learned that during rollover week I should avoid trading unless there is high volatility all week I struggled until Friday when we had the NFP news Once I hit, I gained all my losses back and then some
I reached the payout point for an apex trader funding account due to having lost the 3-4 funded accounts with them this is pretty big for me.
Over the summer, I received a $21,000 payout from Apex. I tried to focus on the big money and not on the small payouts, so therefore I will be trying to put as much distance between me and the starting balance as possible, not concentrating on the 30% rule but concentrating on making large amounts of money
What I am working on this week
Focus on discipline in my trading! I have a habit of being very disciplined and then slipping back into these old habits.
Jered King
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