Enfoid Accounts Management- removing pyschological pressure of time limits
100k account evaluation VS 4x 25k accounts evaluation:
At first glance there is no difference (Enfoid offers free copy trade software) but trading multiple accounts minimizes or removes the pressure of time limit (30 calendar days to get to 10% profit).
Together with 2 weeks-2 week
s tactics it is close to impossible to fail (if you know what you are doing) and you get all the time in the world to get funded.
Example #1: 100k account
You have 30 days to reach 110k and only one shot and in case of a losing streak you can face 2, 3 or 4 %dd which means that after few days you will have to make 12,13 or 14% to meet the target and even less time which leaves you in a position where you will focus on profits ( very wrong) and under even more time pressure.
Example #2: 4x 25k accounts
You have all the time in the world to get funded because you can start trading one account and save 3 for excellent trade setups because they do come. So in case of a bad start (3% DD) on the first account after week one you can scratch the first one for meeting the profits traget and focus on breakeven instead to get a free restart. So now your main goal after 3% DD is to get 3.1% in 3 remaining weeks so you meet requirements for restart on this first account after 30 days. Open terminal #2 and start trading account no.2 normaly and if losing streak repeats again repeat the process- focus on breakeven on acc. no.#2 and start trading acc.no.3 normaly etc. Since all of this is not happening at the same time you have no time pressure at all. By the time you will be using account no.4 the account no.1 will get a free restart because no DD rules will be broken. Sooner or later you will hit the winning streak and get to the next stage ( Verification 4X easier- 5% profit target in 60 days, same 5% daily and 10% overall DD limits) with all 4 accounts one by one.
( Important notice: The account start date depends on the first trade executed! So if you receive account credentials today and execute your first trade 4 days from now then your 30 days time period starts in 4 days from now!)
All the while this is going on you are receiving interests for the insurance you paid (1% of the account size) in the first place.