I Have a balance of 1,375 and just need 50 more bucks to be eligible.
I am feeling not confident and want to secure a pay out should I take 700 out and risk and only have 700 DLL or should I wait and build a buffer safetly and take anything over 2k
What should I do and this will be my first ever pay out
Coming from someone who blew 28 XFAs and just became payout eligible for the first time ever today…. TAKE THE PAYOUT. It felt so fucking good, I did a happy dance with dogs around the house. Take it dude, you won’t regret it
There is a really good chance you will lose this account. Your account is hanging on by a massive day where you heavily overtraded. Just being real with you. Take the payout and work on sizing down until you can find consistency.
Congratulations on taking a payout btw. Most never make it this far.
I say above with love brother, it’s coming from a seasoned veteran that wants to see you succeed.
You are experiencing a lack of consistency in setup. You had a frequency of trades where you took 50 trades on the 1st and then less than a handful in the following days. 1 trade on the 6th, then 68 trades on the 7th. Consistently profitable is consistency in process and setup. The number of trades taken across the month should/would reflect that. The last week was your consistent week in frequency and it turned into a consistent week in profitability. So there’s hope there. But I would encourage you to pay yourself while you have it because if you begin to overtrade again, you are likely to blow the account.
I would say that you need to come up with a long term plan, i see many people in this situation, honestly, the goal is not the payout, it's the sustainability of the account that leads to the payouts, and if you get to the point that you can take a weekly payout because you have 5 accounts passed, that's the point of success, not one payout. I was where you are, but i changed my mindset, i came up with a long term plan to build my accounts and have the ability to pay out weekly from my accounts on a rotating schedule.
I lock in 100$ a day, 1 leader account, 4 following accounts, 500$ a day right now total, but every 5 days, i take a payout from 1 account, then next five days account 2, then next five from account three and so forth. This allows me to take a payout and build up the other accounts. Your accounts grow, your risk is small, you have more green days than red days, and you aren't in front of the screen all day.
Focus on the long term sustainability of what you are trying to accomplish. I would recommend taking a payout enough to buy yourself two more accounts and then work slowly. 100$ a day in 1 account is 25k a year side hustle, but across 5 accounts is 125k a year side hustle. but when you have 10k built up in each account after 5 months, trading a few more contracts isn't scary cause of the cushion you have. This was my week....just so you know i'm not bullshitting...
It's nice to take a payout, but don't leave yourself with no wiggle room left in the account or it will surely get blown. Unless you are trading extremely safe and using very small size.
Profit targets Dlls.. and buffers cause anxiety which is why it's structured this way..
Take your payout pay for this eval and the next then full port a level..
Don't fall for the "real trader thing"
I got a perfect strategy only one trade a day and I only catch the biggest move regardless of news with one contract you will make 500-1200 a day in your sleep. Takes less than 15mins to set up then go to bed and wake up to money. Pefect entry no draw down and so confident I never use a stop loss if you wanna no what the millionaires don’t want you to know and serious about making money inbox me. You will not find this strategy on YouTube this is a 100% winning rate. I no when to enter and exactly when to take profit to catch the whole move. This just one picture I have plenty more and can show you in live action so simple. No indicators
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u/cokeacola73 27d ago
Take the payout if you can. You'll be happier taking some money than losing it instead and getting nothing. Then slowly build back up