Most of our traders value the essence of authority and freedom over their trades which is exactly what we have for Expert Accounts where you can explore strategies as it is flexible enough to adapt to your trading style. With this, it should be noted that it also comes with heavy responsibility. Let's explore the essence of Expert Accounts, the potential risks of misusing this freedom, and the guiding principles that lead to consistent success.
How to Work Around Freedom
Expert accounts at Funding Futures allow you to experiment and develop your unique trading style. However, traders might get too excited which is something we want to avoid to maintain consistency in trades as well. Misusing this freedom can result in excessive risk and poor trading habits. To make the most of your Expert account, consider these key principles:
Stick to a Trading Plan: Finalize a trading plan that you will consistently follow and will remain as the standard of your trading journey.
Prioritize Risk Management: This should always be your top priority. Always stay hungry, but disciplined.
Avoid High-Risk Strategies: Do not get blinded of High-Risk, High Rewards situations, always follow the plan
Think Long-Term: Do not settle for short term, quick, and uncalculated profits, it is still best to continuously progress
The Power of Consistency
Consistency is not easily achieved. There are major detours that could even lead you to failures, but these detours are necessary in being more consistent. In Expert Accounts where rules are almost inevident in your trading, a more structured and disciplined approach is what you need as you will have:
Improved Risk Control: Consistency in this would create and form a habit of not risking beyond the initial intention, resulting in a safer capital
Resilient Portfolio: Once you become more consistent, the easier you withstand the worst market conditions
Building Trust: You do not only build trust within yourself due to how you trade, but you also maintain a great relationship with Funding Futures by showing us you have what it takes to be a funded trader.
Core Elements of Consistent Trading
At Funding Futures, we believe disciplined, consistent trading is crucial for long-term success. This should be reflected in various aspects of your strategy:
Uniform Position Sizing, Stops, and Targets: Ensure your trading plan includes consistent position sizes, clear stop-loss and take-profit levels, and well-defined targets for each trade.
Prudent Use of Contract Sizes: Avoid using maximum or oversized contract sizes indiscriminately.
Purposeful Trading: Refrain from flipping contracts solely to demonstrate trading activity.
Consistent Trade Sizes: Maintain uniform trade sizes to support risk management and efficient capital allocation.
Avoid Overly Aggressive Strategies: Steer clear of dollar-cost averaging and high-frequency trading unless they align with your overall strategy and risk tolerance.
Potential Consequences for Policy Violations
Upon violation of policies, there is an enforced action which will be done to maintain fairness and sustainability in our trading community:
Account Restrictions: Our team will assess if you are up for account restriction due to inconsistency in trading
Penalties: Penalties may be applied, affecting your trading capital. This will also depend on how severe and how often your violations are.
Account Termination: Repeated or severe breaches may lead to account termination.