DislikedI passed last night evertrader phase 1. After you finish you click button and after that account is under review before u start phase 2. Will update how it goes. {image} {image}Ignored
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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
DislikedI passed last night evertrader phase 1. After you finish you click button and after that account is under review before u start phase 2. Will update how it goes. {image} {image}Ignored
DislikedI think the main catch, if I understood well, is the trailing stop.Ignored
DislikedAnnouncement from Finotive in their FB page: Traders no longer have to pay back previous funded account losses! Since the introduction of our Responsible Trading Policy last summer we have seen a drastic reduction in the amount of funded traders failing accounts. This now gives us a lot more confidence that our funded traders have a solid understanding of risk management, thus reducing the risk of gamblers or all-or-nothing behaviour which would previously result in funded accounts being lost extremely quickly. If you have previously lost a funded...Ignored
Disliked{quote}-I think that the main catch is that you are required to flip an account 3 times. Most people cannot do that consecutively. Maybe it is a typo, but if you look closely, the verification phases have profits targets that are 2X the maximum draw-down allowance. If you are good at completing challenges and are looking for bigger draw-down allowance, then maybe it is worth it. 500K aggressive offers 50K daily and 100K max draw-down for about $2,900, along with an ambiguously-worded signup bonus that is based on performance. Their 'Double Your...Ignored
QuoteDislikedYou can choose one of available bonus options to customize your trading challenge:
(A) Double your Capital:
Second account for free after you have made profit in phase 3 (Max capital per trader 1M. Not available when purchasing 1M account)
(B) Second Chance For Free:
Second account for free if you fail your first Challenge phase (for all account sizes and types)
QuoteDislikedMaximum loss
This rule can also be called “account stop-loss”. Maximum Loss is the difference between your highest recorded balance and your current equity.
Depending on your trading program, phase and chosen trading strategy the difference between highest recorded balance and subsequent lowest equity cannot reach below 5% – 20%.
For example if the maximum loss is 5%, here is the formula for Maximum Loss calculation:
Current Equity / Highest Recorded Balance x 100% = must be over 95% at all times.
DislikedAnnouncement from Finotive in their FB page: Traders no longer have to pay back previous funded account losses! Since the introduction of our Responsible Trading Policy last summer we have seen a drastic reduction in the amount of funded traders failing accounts. This now gives us a lot more confidence that our funded traders have a solid understanding of risk management, thus reducing the risk of gamblers or all-or-nothing behaviour which would previously result in funded accounts being lost extremely quickly. If you have previously lost a funded...Ignored
Disliked{quote} To me this sounds like an "oh fuck, nobody is buying challenges from us" desperation rather than anything else.Ignored
Disliked"double your capital" is simply providing you with another challenge ?Ignored
DislikedWhat about (B) ? If I fail the challenge do I get a second free try, even if I'm in loss ?Ignored
DislikedWhere do you see the "signup bonus is worded as 'based on your performance' ?Ignored
DislikedI passed last night evertrader phase 1. After you finish you click button and after that account is under review before u start phase 2. Will update how it goes. My account has been reviewed early Europe session so I started phase 2. Return should be processed within 48hrs.will update {image} {image}Ignored
Disliked{quote} Well done. I like that they automatically advance the next phase like most others. It’s puzzling to me that TFT still makes one wait 24hrs to advance to next phase. Then wait some more to get live account. Then wait even more for payouts.Ignored
DislikedFor MFF funded account, if I submit a cashout request, and the account has been reset, but they did not send out my cashout yet, then I trade the account and make some loss, will that affect my cashout? The problem is, it is like 5 hours now from account reset, and they did not send my withdrawal yet, I just can't wait any more and made some losing trades.Ignored
Disliked{quote} Well done. I like that they automatically advance the next phase like most others. It’s puzzling to me that TFT still makes one wait 24hrs to advance to next phase. Then wait some more to get live account. Then wait even more for payouts.Ignored
DislikedAnyone got a deep look into challenges from Fidelcrest ? https://fidelcrest.com/trading-programs I was reading the 6.2 section of the rules and they seem to have rid of all those complicated rules they had in the past regarding consistency and so. I think the main catch, if I understood well, is the trailing stop. Usually this is bad but it may still worth because they have either a bonus in first payout or a scale plan. I'm going to analyze this deeper but if someone has...Ignored
DislikedI think they say up to 50% signup bonus based on verification profit target because that % depends on the challenge purchased.Ignored
DislikedIf this is true one doesn't even have to achieve a payout to receive 5x the fee (fee for 250K normal is $999). Seems too good.Ignored