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hello traders and welcome back to
another in-depth with chris episode in
today's discussion we're going to talk
about a way that you can springboard
your entire trading career it is called
the trader career path all of the
details behind what it is how it works
and what you need to do in order to pass
will be covered so let's get going
in order to succeed as a futures trader
we should always be striving to improve
we should always be ready to adapt to
whatever situations may present
themselves
funded trader programs can be an awesome
launch pad for those of us that are
trying to quickly work towards a
professional trading career because a
funded trading program allows us to
trade with money that is not our own
it's a great opportunity but the truth
is not all funded trading programs are
created equal
the trader career path helps structure a
trading journey by reflecting on your
progress over time the gradual
achievement of different milestones
gives you a clear road map and
continuous motivation on the road to
making it as a professional trader the
way of old was a funded trading account
would be a predetermined amount of money
and it would essentially stay at that
amount of money we believe that the
progression should always be there and
that's more realistic even if you are a
funded trader so with the trader career
path we have a road map that will allow
you to continuously grow your account as
you hit different profit targets
different milestones as we'll call them
the program is really a straightforward
scaling plan your journey will consist
of three steps with the first being the
evaluation phase the evaluation phase is
where you will show that you are a
proficient trader you will manage a 25
000
virtual trading account and you'll need
to follow four predefined trading rules
while also meeting three goals and we
will cover all of those the next step is
to collect your funding offer this is a
fun step because this is what you do
after you pass step one after you pass
your evaluation your next step is to
collect your money step three is you're
going to build your way from a twenty
five thousand dollar account to a two
hundred thousand dollar account and this
is all with real money this is where
we're going to be pulling out eighty
percent of what we make is profits to
keep in our pockets even though that two
hundred thousand dollars might not even
be our own it's a pretty awesome
opportunity continues to incentivize us
to work towards the larger account the
next step in the road
now let's quickly run through the rules
which are already listed on the site so
don't feel that you need to write any of
this down the first rule that we need to
adhere to is during the evaluation phase
we're only going to trade during the
approved times this means that there's a
1 hour and 50 minute period where we
don't want to have anything open that's
between 3 10 p.m central time and 5 p.m
central time and this practice will
essentially be trading during official
market hours of the cme group other than
that there are no other restrictions
then we have number two which is follow
the progression ladder the progression
ladder means that there will be a
limited number of accounts that we will
be opening so in the beginning with a 25
000 account we may only be allowed to
open up to three contracts for example
but as we work our way up to say the 200
000 account we may then be able to open
15 contracts
number three is going to be do not reach
or dip below the daily loss limit this
is very self-explanatory there is a
maximum daily loss limit don't go below
it number four is do not reach or dip
below the minimum account balance once
again very self-explanatory there is a
minimum account balance do not fall
below it then we have a trade a minimum
of 15 days this is simple you can trade
as long as you want during the
evaluation phase but we want to see at
least 15 days of trading activity a 15
day trading sample size and then finally
we have maintain consistency this simply
means that we do not want 30
or more of your total profit generated
during the evaluation to come from any
one trading day if you're temporarily
above that threshold you simply need to
trade other days until that threshold
then comes back within acceptance
so after you pass this is when it gets
juicy a proprietary trading firm will
reach out to you and ask you to choose
between a live sim or a live account
both of which will have a 25 000 balance
both accounts are very similar and
you'll be able to withdraw profits from
either account the live sim account
however is a virtual account that allows
you to continue sharpening your skills
in a simulated environment even though
you have the benefit of withdrawing your
profit you can think of it as a bridge
between trading on a simulator and a
live account the live sim account will
grant you some advantages such as your
first exchange for free if you certify
as a non-professional you'll also have a
faster setup time and you might even
receive a ninja trader license from earn
to trade this option is usually suitable
for traders who want to mitigate the
stress of live trading but still want to
make money when they perform well on the
other hand we have the live account
which is going to interact directly with
the cme or the exchange of your choice
the setup time here might be a little
bit longer but in the end you will be
trading a real futures account at a
broker after that anytime you
successfully hit the profit targets for
your current account size and withdraw
your share of the profit your account
will automatically upgrade to the next
level following the scaling plan which
once again will be listed on the site so
don't stress exactly how it works too
much but know that with the five
thousand dollar account currently if you
were to withdraw fourteen hundred
dollars in profit you would be then
bumping up to the fifty thousand dollar
account and so on and so forth
now how do you get your money the
withdrawal process at earn a trade is as
easy as it gets since there are
virtually no restrictions after you get
funded for example you won't have to
accumulate a certain amount of money
trade for a specific period of time or
place a certain number of trades before
you're allowed to withdraw once you're
funded after meeting the profit target
of each step you'll be able to withdraw
80
of your profits you don't even have to
wait to accumulate the full profit
target you can withdraw any amount over
100
all withdrawal requests are processed
once a week on tuesday so try to get
them in before then the payment methods
are very flexible as well you can choose
to withdraw via bank wire transfer or
direct ach deposit or even paypal
there'll be no withdrawal fees on any
amount over 500 as well we advise that
you place those withdrawal requests at
least a day before tuesday to make sure
you avoid any potential delays with the
trader career path program you are
required to withdraw your profits each
time you hit the profit target of your
current account once you withdraw the
entire profit your account will be
upgraded to a fresh one with more
capital and an even more flexible
drawdown requirement to work with for
example the profit goal of the
intermediate live trading account which
is fifty thousand dollars is set at
three thousand dollars so hitting that
three thousand dollars will ensure that
you can withdraw twenty four hundred
dollars from that three thousand dollar
profit goal minus that twenty percent
share that goes to the prop firm once
you withdraw the amount specified by the
profit target your account will be
automatically upgraded to the next tier
which in this example would be the
advanced live trading account worth 100
000
so in short the trader career path is
something that should inspire and excite
you you start your journey at 25 000
but you very quickly could work your way
to a 200 000 account it's an awesome
opportunity to trade with a very large
amount of money that's not yours while
still reaping the rewards from it eighty
percent of your profit is yours twenty
percent goes to the person giving you
the money have a good one out there
everybody good luck happy trading will
be here when you need us
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you