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Anyone trading with a Prop firm 6 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

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Quoting sampat
{quote} Another issue with TOPSTEP {image}
Yes, no scaling with TPT.......I hate scaling. I think Apex and TPT will suffice for me. Only wish is for apex to improve their payout process. It's not the waiting for the $$$$, it's the waiting for approval.
Quoting pipmaster77
{quote} Yes, no scaling with TPT.......I hate scaling. I think Apex and TPT will suffice for me. Only wish is for apex to improve their payout process. It's not the waiting for the $$$$, it's the waiting for approval.
Scaling is OK but on Topstep they treat micro as mini. So only 2 micro till 1.5K profit which sucks big time...If they allow even 5 micro I will be happy....Seems they like Minis more .
Look at the D leverage chart of mine.

That one spike close to 20. Duration was 42 minutes.

Ha,ha,,, different trading !!
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Intraday only.
I wonder if Angelo was using D-leverage and VaR and risk engines when deciding who should get funding at The Funded Flintstones.
Just a little bit of common sense shows that Darwinex is the real deal and these prop firms run by 20 year olds are not....I played the game too, made some money, but clearly Darwinex is 10,000 times more legit.
Keep in mind, I'm the trader looking for a long term win-win situation with a firm, so I am their target customer. Someone looking for hit and run quick cash, playing against the firm as opposed to working with the firm, shouldn't waste one second looking at Darwinex.
Quoting sampat
{quote} Scaling is OK but on Topstep they treat micro as mini. So only 2 micro till 1.5K profit which sucks big time...If they allow even 5 micro I will be happy....Seems they like Minis more .
Yes, how can one treat a position of 1/10th the size the same......makes no sense.
Quoting navk
Look at the D leverage chart of mine. That one spike close to 20. Duration was 42 minutes. Ha,ha,,, different trading !! {image}
So during that spike, the risk engine reduced your size....if that trade won, less profit, but, more importantly, if it lost, less loss. That's the thing with Darwinex, you cannot lose your account. However, if you trade like a maniac, they will reduce you to where it's not worth it. In that case, start over. With that being said, don't go YOLO mode 6 months in, capiche?
Quoting pipmaster77
{quote} That's the thing with Darwinex, you cannot lose your account.
They won't commit to killing the goose that lays the golden eggs
Quoting failinforex
{quote} They won't commit to killing the goose that lays the golden eggs
Yup, those $20 bills add up.
Pride always comes before destruction.... -Proverbs 16:18
Just opened up a 1 lot trade with UJ. D leverage is 1.5. Daily range over the past 3 weeks is 223 pips. Risk engine rendered irrelavant.
Pride always comes before destruction.... -Proverbs 16:18
Quoting Expo33
Just opened up a 1 lot trade with UJ. D leverage is 1.5. Daily range over the past 3 weeks is 223 pips. Risk engine rendered irrelavant.
as carry trade or safe haven
Quantower help from those copying multiple firms.......just opened my first TakeProfitTrader, they have provided credentials which they say I should enter into Quantower. However, if I do so, I will lose apex connection, correct?
How do I copy my apex accounts and my TakeProfit accounts under one log in?
Quoting failinforex
{quote} They won't commit to killing the goose that lays the golden eggs
If one is not earning 1% to cover your monthly subscription, probably should not be trading with darwinex, or any other prop firm and more than likely not even your own personal account, no?
I'm really not looking for a debate....it fits me perfectly, I am displaying my results daily.....in a year, I will transparently disply my AUM...if I need to admit I was wrong, I have no issue doing so. I have no problems admiting when I am wrong....unlike most of the world today, I do take accountability for my own actions.
Quoting failinforex
{quote} as carry trade or safe haven
Neither
Pride always comes before destruction.... -Proverbs 16:18
Quoting pipmaster77
Quantower help from those copying multiple firms.......just opened my first TakeProfitTrader, they have provided credentials which they say I should enter into Quantower. However, if I do so, I will lose apex connection, correct? How do I copy my apex accounts and my TakeProfit accounts under one log in?
You need to have paid version to copy multiple propfirms.
Buy only Advanced features of quant tower.
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Quoting pipmaster77
{quote} If one is not earning 1% to cover your monthly subscription, probably should not be trading with darwinex, or any other prop firm and more than likely not even your own personal account, no? I'm really not looking for a debate....it fits me perfectly, I am displaying my results daily.....in a year, I will transparently disply my AUM...if I need to admit I was wrong, I have no issue doing so. I have no problems admiting when I am wrong....unlike most of the world today, I do take accountability for my own actions.
Don't worry he isn't looking for a debate either. Just letting us know he doesn't like Darwinex model. Over and over and over again.

Some people want to be astronauts, some people want to be right.
Pride always comes before destruction.... -Proverbs 16:18
Quoting Expo33
Another tidbit. If you're scalping, intraday, or swing trading you can see on your personal Darwin page exactly where your D leverage is at in real time. Doesn't seem very complicated. Open trade, look at D leverage, make big boy decisions. {image}
You can't see it in real time, Bro, because the data on the signal account is delayed by a day or a few days if it's the weekend. However, you can still observe the track record history. (see PIC)

Quoting sampat
{quote} One tip for Darwinex is Instead of focusing on P&L and getting allocation one needs to keep Risk ratio to 1 and above during calibration or first 2 months. If a trader is able to achieve that 80% of battle is over. One can easily do that if you treat 100K account as 10K account and trade 0.1 lot at max. ONLY FOCUS ON RISK RATIO EVERY THING ELSE WILL BE MAGIC.
Yes, that's correct, but it also means we don't know the safe point, and it also means that after calibration, it will take longer to reach the profit target for a 75 rating. I think that's the importance of closely examining the details of D-Leverage, not relying on generalization only.

Quoting pipmaster77
{quote} Yes, don't worry about the return. The larger the funding, the less the return needs to be. Focus on what will attract the investments.
Positive small returns are also important. You still have to stay cautious.
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“aim small, miss small”
Quoting RoelsMajor
{quote} You can't see it in real time, Bro, because the data on the signal account is delayed by a day or a few days if it's the weekend. However, you can still observe the track record history. {quote} Yes, that's correct, but it also means we don't know the safe point, and it also means that after calibration, it will take longer to reach the profit target for a 75 rating. I think that's the importance of closely examining the details of D-Leverage, not relying on generalization only. {quote} Positive small returns are also important. You still...
I stand corrected.

Well at least you can figure out how much D leverage a particular trade range will give you. So I know that trading a couple of UJ lots any which way I want won't give the risk engine any reason to do anything to my trades.
Pride always comes before destruction.... -Proverbs 16:18
[quote=RoelsMajor;14960514]{quote} You can't see it in real time, Bro, because the data on the signal account is delayed by a day or a few days if it's the weekend.

Not sure if we are talking about same thing but you do see your D-leverage realtime. If for example I take one contract I can see immediately what is my participation rate meaning how much of that one contract is utilized.

Sorry, don't understand what weekends got to do with this. Unless you are trading cryptos and that's not possible with Darwinex.
Quoting Expo33
{quote}I stand corrected. Well at least you can figure out how much D leverage a particular trade range will give you. So I know that trading a couple of UJ lots any which way I want won't give the risk engine any reason to do anything to my trades.
Yes, that's what I'm currently observing. I actually don't want to waste the maximum safe lots at all. While there have been many changes since July 31, it has also been a boring period of castration.

Quoting navk
Look at the D leverage chart of mine. That one spike close to 20. Duration was 42 minutes. Ha,ha,,, different trading !! {image}
It's not enough to only observe D-Leverage; the number of trades is also a crucial aspect to consider. If that's the only thing shown in the chart, there isn't enough data.

Quoting kalastaja
{quote} Not sure if we are talking about same thing but you do see your D-leverage realtime. If for example I take one contract I can see immediately what is my participation rate meaning how much of that one contract is utilized. Sorry, don't understand what weekends got to do with this. Unless you are trading cryptos and that's not possible with Darwinex.
You will see D-Leverage on your signal account but the graphical notes are not real-time; they are historical graphical with notes made after the trade is closed or after some time has passed. You see picture below? Do you see the last update time? I don't understand what you're talking about either. Lol. I mean I trade forex only.

Live trade contract risk is not D-Leverage. D-Leverage consists of this:

  1. Nominal Levarage of each one of the trades opened simultaneously.
  2. Asset's volatility - or the combination of assets that make up such position.
  3. Correlation => we measure the correlation of all the assets opened simultaneously which constitute the trading position. The greater the correlation, the greater the risk, and viceversa.
  4. Duration => Compares the volatility in terms of the EURUSD for that time period.

The final result is standardized in terms of the EURUSD. Therefore, a position with a D-Leverage of 3, would be the same as opening a trade on the EURUSD with a nominal leverage of 3. This way of measuring the risk of any position, taking as a reference the EURUSD, is called the D-Leverage.

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“aim small, miss small”
{quote} You will see D-Leverage on your signal account but the graphical notes are not real-time; they are historical graphical with notes made after the trade is closed or after some time has passed. You see picture below? Do you see the last update time? I don't understand what you're talking about either. Lol.

Quess we were not talking about same thing. No worries and I will mix to this no more
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