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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

prop firm new model - my trading journey 871 replies

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Quoting pipmaster77
{quote} Yes, if those are your numbers AFTER first month of silver, that will be your allocation for the following month. The nice thing is it gets easier as that cumulative return increases. As I posted earlier, I only needed a 1.14% profit this month to secure my second consecutive allocation. I already punched the numbers in, if I hit 2% this month, I will only need 0.8% next month. It truly is make 2% per month and just don't trade like a maniac and you will do well.....it is simply a longer term endeavor.
is it 30 days after darwin is created?
Intraday only.
Quoting navk
{quote} is it 30 days after darwin is created?
1st of every month.
Quoting sampat
{quote} 1st of every month.
Yes. I've posted before the most strategic method is to do the calibration so the 15 days is over prior to the first Monday of the following month. In this manner, you have a full month on silver. Perhaps it doesn't matter though, I suppose you could hit the 75 within 1-2 weeks and if not you'd have 5-6 weeks to get there for the following month.
Quoting pipmaster77
{quote} Yes. I've posted before the most strategic method is to do the calibration so the 15 days is over prior to the first Monday of the following month. In this manner, you have a full month on silver. Perhaps it doesn't matter though, I suppose you could hit the 75 within 1-2 weeks and if not you'd have 5-6 weeks to get there for the following month.
do they penalize for inactivity?
Quoting pipmaster77
{quote} Yes. I've posted before the most strategic method is to do the calibration so the 15 days is over prior to the first Monday of the following month. In this manner, you have a full month on silver. Perhaps it doesn't matter though, I suppose you could hit the 75 within 1-2 weeks and if not you'd have 5-6 weeks to get there for the following month.
I can't remember but I thought you kept your rating that you get after the calibration phase is over. I remember being at 75 when I got my index but it was like the first week of a new month so I basically just traded tiny for the whole month just to make sure I got my allocation. If that was truly the case then you're better off making sure your calibration phase ends towards the end of the month. Assuming you're confident you'll be at 75 or more after calibration the phase. Seems a more efficient way to go considering the subscription cost

Unless I'm missing something
Pride always comes before destruction.... -Proverbs 16:18
Quoting failinforex
{quote} do they penalize for inactivity?
No, the calibration phase requires 15 days and 25 trades. After that, trade as you wish.
Quoting Expo33
{quote} I can't remember but I thought you kept your rating that you get after the calibration phase is over. I remember being at 75 when I got my index but it was like the first week of a new month so I basically just traded tiny for the whole month just to make sure I got my allocation. If that was truly the case then you're better off making sure your calibration phase ends towards the end of the month. Assuming you're confident you'll be at 75 or more after calibration the phase. Seems a more efficient way to go considering the subscription...
Yes, I believe that is true. Only issue is you don't truly know your profit or DD until the risk engine hits it and your Darwin is created. It's only been like 6 weeks and I can't remember 100% for certain.
  • Post #40,648
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  • Edited Aug 13, 2024 2:55am Aug 12, 2024 11:38pm | Edited Aug 13, 2024 2:55am
CLosing Asian maybe done for the day.....

Not feeling it..

Took 2 trades on gold both losers........ 15 days winning streak broken

150kx12 = 9022$

CPI/ppi DAY GOING TO YOLO SOME 150K
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Extreme gut feeling trader
Quoting navk
will I get allocation as it says ? Of course after desired period ? {image}
Numbers look good. Just be prepared that after calibration period numbers might be a different and your rating is based on those numbers. You really know after Darwin is created and of course if you rating is over 75 at the end of the month.
Quoting Expo33
{quote} The man speaks the truth {image}
Superb performance on both accounts. Congrats! World-Class Trader. I also created a new account; hopefully, my performance this time will excellent as good as yours.

Quoting navk
{quote} is it 30 days after darwin is created?
Around one and a half to two months from the start of calibration.
“aim small, miss small”
we have been helping firefighters with food and I just caught up on this conversation.

Darwinex is becoming popular and it raises many questions on what the market will accept.

- Will market accept 30 day pay period?
- Will market accept lower profit splits ?
- Will market accept risk adjusted trading in funded stage?

Of course the price point is a vital factor but always the twitterverse says these things are unacceptable. are the smart ones accepting it?
Quoting Takisd
we have been helping firefighters with food and I just caught up on this conversation. Darwinex is becoming popular and it raises many questions on what the market will accept. - Will market accept 30 day pay period? - Will market accept lower profit splits ? - Will market accept risk adjusted trading in funded stage? Of course the price point is a vital factor but always the twitterverse says these things are unacceptable. are the smart ones accepting it?
if the market is headed that way, at what point does trading ur own account(s) makes more sence?
in the end i think that s where we re headed unless firms like FTMO keep paving the way?
all these new firms that i see here posted that failed shouldn t count, as i view them as a cash grab and wouldn t trade with something like Karmaprop anyways, or indigo trader, and the list goes on..rather pay a premium on the challenge but know that there are good chances of getting the payout when going with a prop that stood the test of time and has the smaller amount of decibels surrounding it.
Quoting 1odi
{quote} if the market is headed that way, at what point does trading ur own account(s) makes more sence? in the end i think that s where we re headed unless firms like FTMO keep paving the way? all these new firms that i see here posted that failed shouldn t count, as i view them as a cash grab and wouldn t trade with something like Karmaprop anyways, or indigo trader, and the list goes on..rather pay a premium on the challenge but know that there are good chances of getting the payout when going with a prop that stood the test of time and has the...
Own account makes more sense than being a darwin on the surface unless you are in the US if you use logic and consider statistics. One educational benefit of darwinex is the metrics and driving users to trade more reasonably and in turn likely more successfully. If users traded more reasonably at bucket props then all the bucket props would be successful as well as that means the actual killers of props wouldnt be participating and that is the hedging influencers and their followers.

What i am asking is if the offering is better than brokerage account but with above additional rules would it be accepted? I am guess not, because the karma and indigos of the world exist and people believe its possible. Darwinex is the exception due to story around the product.
Quoting Takisd
{quote} Own account makes more sense than being a darwin on the surface unless you are in the US if you use logic and consider statistics. One educational benefit of darwinex is the metrics and driving users to trade more reasonably and in turn likely more successfully. If users traded more reasonably at bucket props then all the bucket props would be successful as well as that means the actual killers of props wouldnt be participating and that is the hedging influencers and their followers. What i am asking is if the offering is better than brokerage...
If there would be 10 such firms I would trade with all of them.
The reasons being- it is completly free from second month on for a good trader ( no need to be excellent, just good) so you lose nothing if it goes belly up,
-it is very nice addition to other accounts as it is completly different
-it has the potencial to become important part of your trading in 8-20 months
- you can learn another trick or two watching your own trading and others as well

I qualified 3 times in the begining stages of Psyquation - the time period there was at least 6 months of track record. I rejected the offer twice and accepeted it only the third time , first two times I didn't feel 15% is worth my time . I can tell you first hand Darwinex Zero is way way better then Psyquation was.
PVSRA
Quoting Fisher755
{quote} If there would be 10 such firms I would trade with all of them. The reasons being- it is completly free from second month on for a good trader ( no need to be excellent, just good) so you lose nothing if it goes belly up, -it is very nice addition to other accounts as it is completly different -it has the potencial to become important part of your trading in 8-20 months - you can learn another trick or two watching your own trading and others as well I qualified 3 times in the begining stages of Psyquation - the time period there was at...
yes there is a place for all of these companies i think, the question is size scale and offering.

There are a few main points in retail prop i think needs to change and I have hinted i think a bit. It needs to return to 30 day payout OR have a minimum trade (a real trade not a 0.01) requirement to feed data driven systems. Payout split should not go above 80%. Phases should not be passable in a single trade. News trading goes away entirely. Martingale and grid type systems go away. Risk caps on position size.

If this are the rules then the data holds more weight and value for people with brains to do something with it and have enough time to do it. 40 trades it takes to get enough data for behavioral analysis.

If someone fits inside the box of this and does 40 trades i see no reason why they cant be eligible for 80% of the profit because company can make more than this from data. But we know 95+% of prop traders do not 40 trades or trade ideas.
Quick Question y’all:
I failed an Apex Eval account last month and signed up for a new one yesterday.
Does Apex send you a different login credentials for the new Eval Account?
When I log into my dashboard, I see both the Old Eval account and new Eval Account.
But the credentials I see on my dashboard is for my Old Eval Account and when I tried to log into Tradovate with the information, my new acct info isn’t pulling up.
Quoting Takisd
{quote} yes there is a place for all of these companies i think, the question is size scale and offering. There are a few main points in retail prop i think needs to change and I have hinted i think a bit. It needs to return to 30 day payout OR have a minimum trade (a real trade not a 0.01) requirement to feed data driven systems. Payout split should not go above 80%. Phases should not be passable in a single trade. News trading goes away entirely. Martingale and grid type systems go away. Risk caps on position size....
No need hint, it's already implemented. And disciplined traders/people with brains (non-US) will trade their own account, if they have to be forced into that mold.
Quoting Evasparkling
Quick Question y’all: I failed an Apex Eval account last month and signed up for a new one yesterday. Does Apex send you a different login credentials for the new Eval Account? When I log into my dashboard, I see both the Old Eval account and new Eval Account. But the credentials I see on my dashboard is for my Old Eval Account and when I tried to log into Tradovate with the information, my new acct info isn’t pulling up.
No, you only need to use the same account.
Quoting failinforex
{quote} No need hint, it's already implemented. And disciplined traders/people with brains (non-US) will trade their own account, if they have to be forced into that mold.
that is interesting. If its 30 day payout, but still 100k or 200k and 80% split, things like payout speed and having a minimum trade requirement would lead people to give up on props? it makes you wonder what props are even for anymore then.
Exclusive: Poll Reveals 60% of Prop Firm Clients Lose Funds, Investing $4,300 on Average
Tuesday, 13/08/2024 | 13:05 GMT+2 by Damian Chmiel

  1. 90% of 459 PipFarm's study participants take part in challenges of 2-5 different props, Finance Magnates has learned.
  2. Despite potential high earnings, only one in three clients at trader-funded firms makes any money.

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In the high-stakes world of financial markets, proprietary trading has been surging in popularity. However, this arena remains a challenging landscape where success eludes many. A recent PipFarm poll, exclusively obtained by Finance Magnates, sheds light on the current state of prop trading. The study, which gathered insights from 459 respondents, reveals a striking contrast: while the industry attracts many, only 40% manage to turn a nice dime.

https://www.financemagnates.com/fore...00-on-average/

Over $4,000 Spent on Challenges

From the data seen by Finance Magnates, it also appears that the average trader invests $4,270 in prop firm challenges, hoping for a high return on their investment. However, nearly half of investors never realize any payout, and almost 60% of all clients lose capital.

The number of profitable prop traders reaches 41%, and among them, prop trading indeed becomes a high-risk but high-reward game. PipFarm data shows that respondents collectively invested $1.9 million in challenges, ultimately earning $7.6 million, which translates to a total return rate of 300%.

The poll was conducted on a group of about 500 active clients of PipFarm, a trader-funded firm that offers proprietary trading on accounts ranging from $5,000 to $200,000.
27 traders viewing now, 8 are members:
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