I’ve received an oddly growing number of emails lately from people asking me how to pass a futures trader evaluation. Usually it is also accompanied with tales of how the person has busted several evaluations already, and they need to know “how to pass”. Occasionally they outright ask me to pass their evaluation for them. (No I’m not going to).
Sorry to tell you all, you are thinking about these futures trader evaluations all wrong.
If you are interested in trading futures, be sure to check out my Reviews of Funded Futures Trader Evaluations. I update it every day.
There Is No One Way To Pass
I really don’t know how to respond to people who ask “how to pass”. The rules are clearly laid out. There really aren’t many rules overall. Don’t break trailing draw downs, don’t break daily loss limits, don’t trade more contracts than you are allowed. Trade the number of days required. Reach the profit goal, done.
I trade the treasury products. A lesser person might respond to these emails with “Trade treasuries, I do and I passed”. But that isn’t the answer. Passing futures trader evaluations isn’t product dependant. I know plenty of people who have passed trading crude oil, equity indexes, and others. So product isn’t the answer.
Here’s the jack ass answer for you: Follow the rules, pass. That’s it. It really isn’t hard.
Realize What You Are Trying To Do
You are trying to pass an evaluation with a company to determine if they want to provide funds to you to trade. If you can’t pass, they won’t fund you. You aren’t entitled to funds. If you can’t pass, I wouldn’t give people money to trade either.
Not everyone is cut out for trading. Maybe not passing is telling you something. I’ve said it before in interviews, futures trading will expose all your weaknesses. If you are impatient, trading will bring it out of you. If you are an angry person, trading will bring it out of you.
If you are having trouble passing, first assess what the issue is that you are running into. Then decide if it’s something you are willing to work on. If it’s a character flaw, maybe you need to take a break from trading.
A good example is “the gambler”. If you are constantly yolo’ing, you won’t succeed. Passing won’t matter, you’ll blow up your funded account quick. You need to focus on overcoming your issues first. Then work on passing.
Focus On Technique of Futures Trading
Every trader trades differently. I use myself as an example often. I trade the treasuries using order flow. I don’t expect anyone to adopt my style. In fact, i cringe a little when people decide out of no where they are going to copy my style. Just because I’ve had success trading treasuries doesn’t mean you will. If they genuinely want to explore the treasuries I’m all for it. But the point is, each of us has our own preferences. There’s a reason there’s crude oil traders, bond traders, equities traders, softs traders, spread traders, etc.
Find what works for you both in product and in technique. If you are really into technical analysis and charting, do it. I personally hate that stuff. I’d go so far as to say a lot of it is bogus. But that’s my preference. Figure out what works for you.
Focus on Mental Aspect of Futures Trading
A lot of times traders have more mental game aspects they need to work on far more than their technique. You have to be really honest with yourself and what is causing you to blow up accounts. Again if you are a gambler and yoloing it, passing won’t matter, you will screw up your account soon. Guaranteed.
If you can’t take a loss, this will be a tough business. Trading isn’t all about winners, its about minimizing your losses, finding an edge that makes money, and balancing that winning and losing ratio. In part. Get your head screwed on straight is what I’m saying.
Take a step back and really think through what you are trying to accomplish. There’s no one way to pass. The rules are out there. You need to figure out if you have what it takes. I can’t pass for you, I’m never going to, and I’m a little offended when people ask me to pass evaluations for them. So you want me to do the hard work so you can do nothing except print money? Think about that for just a minute and get back to me on why I should make you money.
If you are having issues passing though and not looking for a free ride, focus on getting your mental game straight, playing within the lines of the rules, take your time, pass. It’s not hard. I’ve passed several evaluations. You can read my reviews here: Funded Futures Trader Evaluation Reviews
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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
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