I've been introduced to a group of traders who reckon I might be good enough to join. Might being the operative word. The performance entry requirements are simply eye-watering, but it allows me access to ridiculous amounts of capital so it's worth the pressure. It'll take 4 months ish to complete the three challenges, failure in any one means I'm out. So I thought I'd add journal here for a bit of reflection.
So the first challenge called Reckless and is supposed to be the 'fun' one - which I have to kick off some day next week to start the clock. Restore a dormant b book account to 2.5 times it's original level in 6 trading weeks (30 trading days), using and only using whatever's left. Excludes my holidays, they're kind like that. This is like trading with one hand behind your back because the execution will be terrible. And not only that, it's in addition to my normal trading so it's a right pain in the ass. And it's a fair old return they're asking... it's so big I'm not going to detail it here until the end of the 4 months (assuming I get that far) so as not to attract the divs.
Anyway, will tinker around next week to get myself up to speed and hit it here at some point.
I've made some back of the fag packet calculations, and I'm going to need some serious risk, around 6 trades a day, some balls of steel, plenty of volatility and no retail price tinkering. Overall outlook - hairy.
till next week...
So the first challenge called Reckless and is supposed to be the 'fun' one - which I have to kick off some day next week to start the clock. Restore a dormant b book account to 2.5 times it's original level in 6 trading weeks (30 trading days), using and only using whatever's left. Excludes my holidays, they're kind like that. This is like trading with one hand behind your back because the execution will be terrible. And not only that, it's in addition to my normal trading so it's a right pain in the ass. And it's a fair old return they're asking... it's so big I'm not going to detail it here until the end of the 4 months (assuming I get that far) so as not to attract the divs.
Anyway, will tinker around next week to get myself up to speed and hit it here at some point.
I've made some back of the fag packet calculations, and I'm going to need some serious risk, around 6 trades a day, some balls of steel, plenty of volatility and no retail price tinkering. Overall outlook - hairy.
till next week...