One thing we never did during the 6th Challenge was to take a big drawdown or even a big risk, the max risk we take when trading ES (S&P 500 e-minis) never exceeds 6 points, but mostly from 2 to 4 points.
On Monday, February the 29th we start a brand new challenge, again we will try to take an account from US$ 10,000 to US$ 20,000 in 3 stages:
1st target: US$ 12,000, then we increase size to 3 lots - max date for target: 03/31/16
2nd target: US$ 15,000, increase size to 4 lots - max date for target: 05/02/16
3rd target: US$ 20,000 - max date for target: 06/02/16
To join us and learn how we do it, click here: Diamond Setups
Our trading room is open Monday through Friday from 8 AM to 4:15 PM EST - I show on the charts exactly what we're looking at to take our trades.
"If you know the enemy and know yourself, you need not fear the results of a hundred battles." - Sun Tzu