Trade With $50,000 for $209?

Greetings everyone.

Now that I have been actively day trading for a few weeks now, I've been learning a LOT. My win rate has gone from 38% to 56% and improving every week. As I've been learning, I've lost and made various sums of capital.

The rule of thumb is you're supposed to trade just 1% of your total budget. I get it. For one, its to help you maintain your risk and not blow up your account. I also believe a part of it has to do with the psychology of it. If you know the bulk of your budget is at risk in a trade, you're likely going to make mistakes in your practice that will cost you. We all want to trade with larger sums and see our gains grow quickly. We want to be rewarded for our wins while not feeling so much pain when we lose.

A friend of mine recently came to me to interest me in a Prop Trading Firm. I've seen these platforms talked about on Youtube before but never really understood what they were about. He explained it to me and invited me to check out an account and see if I was interested.

The cliffs notes? It's basically a platform thats like buying a simulated budget for a much smaller sum that you can use to practice with, build good habits in your trading and actually profit from your growth as a trader.

What are you used to trading with right now? $1,000? $5,000? What kind of Leverage do you find yourself using? 5x? 20x? You want to be rewarded for a win but to get the max benefit you're likely putting your budget at risk by increasing your leverage right? You're trying to find that sweet spot but the higher the leverage the close your liquidation price is to wiping your account.

Lets say you paid $209 and you got a trade budget of $50,000. Now, trading just 1% of your trade budget is more substantial mentally and keeping your leverage lower means less likely to blow up your account. Well, that is what a Prop Firm offers. I love this idea.

TopOneFutures.com (<--My affiliate Link) Offers Multiple Packages

These are basically accounts that are referred to as Challenges. You pay the Challenge Fee and get the budget you pay for, each having their own rules in terms of max draw downs and you can only Day Trade, no overnights or swing trades.

The accounts are simulated, meaning, everything looks and feels like a real exchange but its not real. However, you actually make profit from your trading activity!

How is this possible? (What I asked my friend as he explained it to me). Basically, its simple. The platforms are meant to give you simulated environments with large budgets to teach you how to be an effective day trader. Use stop losses, dont leave anything overnight, trade with 1% of your budget for each trade, not all of it at high leverage, etc. Someone genuinely wanting to get good at trading can benefit a great deal from TopOne, however, if you're a degenerate known to blow up account after account, you are likely going to setup a Challenge, trade huge with high leverage hoping for a big pay off with a huge win, blow up the account and buy another one. That is how the Prop Firms make money. The degenerate gamblers pay the bills so the rest of us have a place to learn, get used to the large numbers and be able to effectively trade responsibly while learning new systems.

I think its brilliant.

So, if this sounds good to you, check out TopOneFutures and maybe try it out. If you end up getting an account, you can find a list of educational videos to help you right here.

I look forward to feedback o your experience!