My journey to Full-Time trader via prop funding (and a gift!)

Hey Fox,

I'm having some problems understanding how consistency rules for the second trading week should apply. The LIVE chat guys at MFF just confuse me further.

For instance, I close out the first week with an average lot size of 20 lots.

How do I proceed for the following week? I'm told I should multiply the first week average by 2 to get the max for the new week and divide by 2 to get the minimum. But when I do that I just arrive at the max and min of the previous week.

20 lots average previous week
New week max - 40 lots
New week min - 10 lots

And I would be expected daily to stay within these limits in the new week? Is that correct?

Let me post this in the other group as well so you could answer wherever you'd prefer.

Thanks.

The psyquation score can control how you trade.
Even if your capital goes up...your score doesn't necessary go higher. It follow your equity and capture at random. If your equity drawdown and score drop. Later it went up and closed profit. The score still closed lower then when you open the trade. Anyone any idea to bring up score..had several profit trade and the score doesn't move up. A few losing trade...it drop.

Hi freefox just stumbled on this thread and interested to know how you’ve been going since your last update? I’m currently on the same journey and about to start my funded evaluations. Did you find a better way to manage multiple accounts across different prop firms?

This is one of the challenge I face as a trader. It is the reason why I am starting my own journal