Trading Journal: Day 1 ($-378.59) – Initial Fund allocation.

Starting with $500, the initial allocation is as follows (I signed up a while ago and had some Blackfriday vouchers.)

Prop fund challenges:

• FTMO Regular 25k Challenge + BlackFriday discount : $278.38-$55.68 = 222.70

• The Funded Trader (TFT) Swing 50k Challenge – BlackFriday discount = $222.7 – 66.81 = 155.89

• = -378.59

Leaving 121.41 of the $500 initial investment. This brings our total to -378.59. We get a refund when we pass the challenges.

I placed $121.41 into a Bingx futures wallet, which will be very hard to trade up, but we can do it.

This is what we’ve got to work with. The TFT swing account can be used to hold and is 1:60 leverage. The FTMO account is more restrictive, but has 1:120 and access to more markets.

Bingx will be used for small cap crypto. Very few bullets, going to have to trade it heavy to get to a workable level.

With that, we’re ready to begin!

Note that I am an FTMO affiliate and strongly recommend them as a Prop firm. I will post a review in the future comparing my experiences with other prop firms online. They have more markets in crypo, equity and commodities and more liquidity available so you get better fills with FTMO (depending on your strategy). TFT is great for small challenges as you can often get 40% off of the price of 5k and 10k challenges. I tried 3 times before I passed, so starting small is recommended.

By purchasing an FTMO challenge through this link, you are supporting this project.