The One Trade Trader

What traders get wrong about funded accounts

I speak to a lot of traders taking funded accounts for the first time. Very often, they focus on 'trading well', with a good attitude to risk management. They are concerned that the funding company will be analysing their trades and judging their performance. I've even met traders who are trying to pass a $50k account by trading micros!
Once traders understand the following, their strategy changes and they become a lot more profitable a lot more quickly:
- The actual real-life risk is only $90 (the reset fee, or a new evaluation account) - no matter how badly you trade or how much money you 'lose'.
- The actual real-life profit target is over $1500 (the first cash-out).
- Nobody cares how you trade as long as you stick to the rules.
- Your priority is to make money quickly, not impress people with good risk management. You do not need risk management when trading an eval account, as the risk management is already prescribed.
- Use all the risk assigned to you to shorten the time to profit.
This website describes the strategies and techniques I use to gain consistent profits from funded accounts.

This is my LinkedIn profile.
I'm a computer programmer and I write trading algorithms.
I have been trading for over 7 years and specialise in day trading the ES.
I study how retail traders trade the markets, and understand how the market must respond to market participants in the short term.
I now mentor a small number of less experienced traders that are working towards getting a funded account.

I am happy to chat and mentor via Telegram or Facebook Messenger.
This website is a collection of thoughts that are written to help traders I'm mentoring. They're designed as part of ongoing discussion and may not make sense in isolation.
Most of the external links on this site are affiliate links. If you purchase one of the products or services I reference, please use my link as I get a small commission at no extra cost to you. Thank you.