Disliked{quote} Not sure if that's mandatory by law but a lot of prop firms demand traders' approval on SIE and Series 57 exams.Ignored
Unless like i say, theres maybe an angle im missing.
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} Not sure if that's mandatory by law but a lot of prop firms demand traders' approval on SIE and Series 57 exams.Ignored
Disliked{quote} Well there you go, thats pretty much what im saying. Why put themselves through all that hassle, when they can just stack 3 or 4 max prop accounts and be able to do what they want, when they want. Unless like i say, theres maybe an angle im missing.Ignored
Disliked{quote} Just like the gold rush. Who made the money was the stores that sold panning supplies, the guides that helped the gold diggers tru rough trains, the camping and lodging folks and the dealers buying the gold from the desperate gold miners who had found a few dust pieces and needed to buy a can of beens to survive until tomorrow's dream. Years and years later, the truth came out and we all say what fools they were in hopes of getting rich from finding gold. Btw, anyone watched the movie Dead Man? Great movie.Ignored
Disliked{quote} That paragraph just destryoyed my whole dream. And am tieing a noose as we speak. joking mate. Im an idiot though and will still keep trying Just googled Deadman, looks goodIgnored
Disliked{quote} Such a rosey description of the road map to becoming the hot shot prop trader that everyone dreams of. You are someone that makes 52% per year consistantly (1% per week) sound like a walk in the park. All you have to do is select 8 of those successful 52 weeks and roll them into MFF program and you have it made. How much simpler do you want it folks? And oh, btw, once you do that, you get paid bi weekly. Such a bonus. Bi weekly. That tilted the scale for me. Well Pip, I don't know how you trade. You hardly talk about methods. Maybe...Ignored
Disliked{quote} Just like the gold rush. Who made the money was the stores that sold panning supplies, the guides that helped the gold diggers tru rough trains, the camping and lodging folks and the dealers buying the gold from the desperate gold miners who had found a few dust pieces and needed to buy a can of beens to survive until tomorrow's dream. Years and years later, the truth came out and we all say what fools they were in hopes of getting rich from finding gold. Btw, anyone watched the movie Dead Man? Great movie.Ignored
Disliked{quote} First off, the 5%ers is a completely different model than MFF or FTMO. I had already passed 2 FTMO challenges prior to even taking on the 5%ers. It was the entire reason I was looking to add another firm. You know as well as I do, once I realized what the 5%ers truly was, I gave it a shot for a couple of weeks and then kind of went "all-in" on that account. I've also never claimed to be a hot shot trader, all but one of my passed challenges with both FTMO and MFF required either 1 or 2 free retakes or an extension (MFF). I actually simultaneously...Ignored
Disliked{quote} Have to chase your dream, your dream will not chase you back. Do you think the optimist and the pesimist obtain the same results? Or are you one who believes attitude has nothing to do with results?Ignored
Disliked{quote} No, trading 1:1 or 2:1 is not a trading method and even if that is some kind of strategy to keep risks low, it also results in low gains unless you catch the tops and bottoms and ride them well into exhaustion or you have many many accurate small positive trades. Okay, I don't mean to make you share your methods but still, the 5ers program wasn't a hindrance to your 1:1 or 2:1 that you say is making such a difference. Also, you are saying you found the 5ers program so bad that you decided to murder your account with so many bad consistent...Ignored
Disliked{quote} You can be optmist or pesimist all you want but when you hand your hard earned money to a bunch of yahoos that have got their fangs shapened up to suck your blood cause they themselves don't know how to get food from the market, it is best to be a REALIST instead of closing your eyes and pretending you are someone else that has made it and now you are just doing the obvious steps of expanding your trading realms by joining up a slaughter house as the potential meat to be slaughted and served to them fanged ones. Maybe you are there but a...Ignored
Disliked{quote} Yes, once I realized the 5%ers offered absolutely no benefit, yes I YOLO'd it. Leverage is not a method, I am just trying to demonstrate how to not violate the DD rules. You do not need to trade large nor do you need to catch tops or bottoms, you just need the MEAT in the middle of the move. Trading with 1:1 leverage, 40 pips per day will get you 8% in 20 days, 20 pips per day gets you there in 40. Use 2:1 and, of course, those numbers cut in half. As far as strategy, I do not mind sharing at all, 75% of my trades are done using weekly pivots,...Ignored
Disliked{quote} But the market itself has it's fangs sharpened to suck your blood. Following this train of thought, one should really never trade at all. With reward comes risk. When the reward is to trade up to a million with 10% DD allowed and an 85% split, considering fee is refunded and you can just reinvest profits for more challenges to "max out" these firms, I cannot help but have an extremely optimistic view of the opportunity. This is exactly the reason people are miserable all of their lives working 9-5 doing something they absolutely hate vs....Ignored
Disliked{quote} Okay, so, you have to make 8% of 200K in 20 days. 16K/20= $800 per day with 1:1 leverage. Small trades. God forbid you hit a slow stretch in between your weekly pivots for one day cause your will have to make twice the next day. God forbid even more if you have a losing day or two and then to keep up with the pace, you will have to make 2 or 3 times your daily goal. Do you remember the 5ers making it sound so easy? Something like you have to only make 10%. 7 times in row to get millions of funds given to you to trade? You kinda doing the...Ignored
Disliked{quote} See, there you go again. The market has fangs and will devour you anyway, so you might as well go and jump in because maybe there is a hope for you with the prop firms. Well, be as optimistic as you want but you contribute greatly to these forums and are ever present and basically you are pumping these couple firms. Someone is going to believe you and jump on your ever dancing happily coattail and say look at me, I am just like Pip. All for what? Giving it your best shot? 90% of all new businesses fail within the first two years, so you...Ignored
Disliked{quote} No, what I am saying is the market is what it is. If you trade your own account, the market is still out to get you. I stated the 90% of businesses fail simply to demonstrate there is risk to reward. Mediocrity vs. living the life you want. There is no one living the life they want that hasn't taken some chances along the way. You are twisting the message. Let's just call it what it is....we are obviously two COMPLETELY DIFFERENT THINKING PEOPLE (which is OK). However, we will never see eye to eye on anything, other than the 5%ers being...Ignored
Disliked{quote} if you can at least be profitable for 30 days, you never pay another penny. If your "streak" comes in month 2, month 3, whatever, doesn't matter. Once you have passed stage 1, stage 2 is only 5% over 60 days. Once you are funded, the only concern is to not blow the account. There are no targets. l.Ignored
Disliked{quote} First off, the 5%ers is a completely different model than MFF or FTMO. I had already passed 2 FTMO challenges prior to even taking on the 5%ers. It was the entire reason I was looking to add another firm. You know as well as I do, once I realized what the 5%ers truly was, I gave it a shot for a couple of weeks and then kind of went "all-in" on that account. I've also never claimed to be a hot shot trader, all but one of my passed challenges with both FTMO and MFF required either 1 or 2 free retakes or an extension (MFF). I actually simultaneously...Ignored
Dislikedfew days ago iwas asked here if some one has any issue with new mff demo server. i used thier early one. server-2 now they r providing server one. and got few issues. today my gbpnzd trades sl hunts for 84 pips. while i have same trade with few other broker none was closed. nor the spread goes near to that. really disapointing. mailed them with SS. waiting for thier response.Ignored