Looking for more cool names for ranks, please feel free to make a suggestion.
Nobody in the world makes more than 50 basis points a day over a period of 10+ years (some have done so with high leverage, but not for very long) so we should call our self basis point traders. In this thread we can discuss trading strategy and money management techniques, and trade setups as well.
Live explorer is required if you are going to post a trade. Monthly draw down cannot exceed 5% or you are disqualified.
I will be starting a new live account that my 10 year old son is going to trade. Starting with $5,000. Can you beat him?
I of course use a broker that is ideal and probably has much better spreads/commissions than yours, but he is a child with little LIVE experience.
1. Minimum deposit $1000
2. Peak to troth draw down cannot exceed 5%
3. Ranks will be given after 3 months of life explorer not breaking any rules
BPS = basis point
(based on average daily return)
Just Getting Started +1 Bps
Better Than Your Bank +2 Bps
Pickin' Up Steam +3 Bps
Beatin' the Market +4 Bps
Professional +5 BPS
Johnny Blaze +6 BPS
Juggernaut +7 Bps
Knife Catcher +8 Bps
Prop Trader +9 Bps
Hedge Fund Manager +10 Bps