Recently apply for FTMO $10k challenged. Failed.
My MM was way off.
I failed on the daily limit ($500) and the monthly limit ($1000) but the assessment was somewhat comforting. Let me share what it said.
There is nothing to shout about. I made my $1k (I started trading in April 12th) but it was 2 days late (I got my $1k in May 14th) and my drawdown was $2.2k. But I still end up in the green territory but the drawdown was unacceptable. It was 30% above average. I gambled my last 14 days in the green.
The facebook group in FTMO is ridiculous. People are making a few thousands a day scalping with a mid 5 figure account challenge. There wasn't any money managment. Each lot size is way way over 1%. They claim it is good skill.
My MM was way off.
I failed on the daily limit ($500) and the monthly limit ($1000) but the assessment was somewhat comforting. Let me share what it said.
QuoteDislikedYour success rate was 40.00 %. This win rate was accompanied by a positive RRR (Risk Reward Ratio) with the value 1.76. It is important to mention that your trading results have a positive RRR, which in most cases is a sign of a successful and disciplined trader. The average profitable trade was 97 USD and the average losing trade was -55.27 USD. The ratio between the maximum reached profit (Max. profit) 1 805 USD and maximum loss (Max. loss) -1.00 USD is 1.00, which signals a positive ratio. The total profit for the evaluation period reached 716 USD.
QuoteDislikedDuring the evaluation period, the account balance changed in 20 sessions. The average profitable day was 304.41 USD, the average losing day was -232.85 USD. The ratio between a profitable day and a losing day is 1.31, which signals a positive ratio and a disciplined attitude to money management.
There is nothing to shout about. I made my $1k (I started trading in April 12th) but it was 2 days late (I got my $1k in May 14th) and my drawdown was $2.2k. But I still end up in the green territory but the drawdown was unacceptable. It was 30% above average. I gambled my last 14 days in the green.
The facebook group in FTMO is ridiculous. People are making a few thousands a day scalping with a mid 5 figure account challenge. There wasn't any money managment. Each lot size is way way over 1%. They claim it is good skill.
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You're going to pay a price for every bloody thing you do and don't do
