The Apiary Fund has a major milestone approaching: the advancement of our 100th funded trader! As more and more of our traders advance to funded accounts, we at the Apiary Fund want to let all of our friends and traders know how much we appreciate their hard work! But we want to emphasize that Level 1 funding is not the end goal!
If you’re not sure what Level 1 funding is, let’s go back to the fundamental goal of the Apiary Fund. Our goal is to give people the tools and knowledge they need to be successful. So, when Average Joe has gone through our training, practiced in a virtual account, and demonstrated successful money management in a real-money transition account, he becomes a Level I Trader and is given a minimum of $2500 trading account.
The idea is for Average Joe to trade with a live account, make money, and take home a majority of the profits. Using our share of Joe’s profits, combined with our shares from other traders, we can create new accounts for other would-be traders who want to be successful.
But how often do we designate something Level 1 if it’s at the end? The $2500 account, as you can probably guess, is only the beginning. We at the Apiary Fund have found that many traders become emotional upon receiving a funded account. Their trading changes. Even though the money isn’t theirs, they’re afraid to lose it! They cut their winners short and let their losers run long in hopes of a turnaround. And it all starts at $2500.
For all our advancing or soon-to-be-advancing traders: Remember, Level 1 is still a test account. There is so much room for growth after your initial funding–the story shouldn’t end there! If you can exercise principles of risk management and keep emotion out of your trading, the Apiary Fund will continue to increase your account, up to $250,000!
If you’re still in the Trader Development Program, just remember to keep things simple. Trade for pips, not dollars. Strive to be funded, but keep in mind that initial funding is just part of the process!