TickTick Trader has a scaling plan in place once you are funded. Simply put a scaling plan means you can NOT trade your full amount of contracts from day one, you earn the right to trade them. As your account balance grows you’ll be permitted to trade more contracts, eventually up to the full amount.
TickTick Trader is looking to build long term relationships with futures traders, and I highly recommend them.
The information below was current as of the time of writing this article. Please visit TickTick Trader and review their help section to verify all the information below is still current before signing up.
TickTick Trader Scaling Plan
The Scaling System limits the number of contracts that traders can open.
Traders with TickTick Trader must self-regulate and limit the number of contracts that they open. As traders profit and increase their account balance, they may open more positions to take advantage of their additional capital, although it is not mandatory.
Please remember that TickTick Trader will use your current account balance, which will include any open and closed intraday equity. If you select too many contracts for your account size, you will be in violation of the rules.
While traders grow and progress, they will need to remain aware of the current capital in their accounts and highly discretionary with this concept so they are able to minimize their risk. In order to have some wiggle room with the account, a trader should build up a profit margin that exceeds the contract size they wish to trade.
I highly recommend being very well clear of the minimum amount to scale up. There is no rush to size up and risk blowing your account.
Below you can see the scaling plan progression to follow with TickTick Trader when increasing contracts:
- $0 – $1,600 = 2 Contracts Max
- After $1,601 = 4 Contracts Max
- $0 – $1,600 = 2 Contracts Max
- $1,601 – $5,000 = 5 Contracts Max
- $5,001 – $8,500 = 8 Contracts Max
- After $8,501 = 10 Contracts Max
- $0 – $2,100 = 3 Contracts Max
- $2,101 – $5,100 = 6 Contracts Max
- $5,101 – $8,500 = 10 Contracts Max
- After $8,501 = 14 Contracts Max
- $0 – $4,100 = 5 Contracts Max
- $4,101 – $8,500 = 10 Contracts Max
- $8,501 – $11,000 = 14 Contracts Max
- After $11,001 = 17 Contracts Max
- $0 – $5,100 = 6 Contracts Max
- $5,101 – $11,000 = 14 Contracts Max
- $11,001 – $20,000 = 20 Contracts Max
- After $20,001 = 27 Contracts Max
You are allowed to trade micros as well of course. 10 Micros E-Mini equals 1 E-Mini contract. So whatever the allowed number of mini’s is from above, you can use 10x that for micros.
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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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