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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

Attachments: Prop Firm Hub
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Prop Firm Hub

Quoting RoelsMajor
{quote} Why conduct a poll when they have the data? Why not conduct a scientific study using their data? Polls can be used if there is random sampling, meaning there are many firms involved.
don't encourage him with his math and his polls and his sources (I mean, c'mon, "pipfarm"?). stop it with the math, and just effing read the candles/market. Christ...
A snails pace wins the race :-)
Just in

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If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP Return This Month: -2.6%
Quoting Takisd
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.
-Just read that Karma Prop Traders are closing their doors due to cheaters:

https://www.financemagnates.com/fore...uidity-issues/

Not sure if that is the same Karma that you are referring to, though.

Regarding Darwinex, these things are always subjective, but I think that considerations will be made based on what is currently available. If these CFD/Futures props still exist, offering much better terms (bigger/faster payout potential etc.), then many traders may still elect to give them priority over programs like Darwinex. As always, cost vs. opportunity.

Given the current climate, however, many US traders are migrating away from most of the CFD firms and are looking at futures prop. How long that will last is anyone's guess. Some are already looking at Darwinex as a potential safe bet, as we can already see here in this thread, maybe as a backup plan, for diversification or both etc..

At the end of the day, if something better exists, then many traders may not give much attention to programs like Darwinex, with the exception of a few outliers. If things get bad enough, then I believe that traders may look at programs like Darwinex for their trading needs, so long as they understand the value.

Some might argue that the biggest issue for most retail traders is under-capitalization. If there is any truth to that, then any reasonable solution that offers funding will probably be considered by most traders, assuming that they are not already trading a reasonably-sized personal account. Traders will adapt and will rationalize it however they need to.
Quoting pipmaster77
The question one needs to ask is given path A (Darwinex) or path B (scammenowfunding), where will you as a trader be in a year? 2 years? 4 years? I built 4 firms over the course of 4 years and I have exactly 0 dollars AUM from that work. Yes, I made some money, but the revenue stream is gone.
-For sure. Every approach may have its own set of risks (and opportunities). Darwinex may seem like a solid choice right now, but in the off-chance that something happened to them, then that could potentially be years of your life with them as well (with possibly less ROI? -- I have no idea). The probabilities may not be the same, but I suspect that the potential risk may still be there.

As for AUM, I share the opinion that traders should be putting some of their profits into their personal brokerage accounts. But even if they never do, their time and efforts may not be a total waste, so long as they walk away with profits. Point being, depending on how each person may look at things, their current goals and circumstances etc., some opportunities may make more sense than others.

As long as firms like Apex are still paying out, then I suspect that many US traders may not give much interest to programs like Darwinex until they have to.
Squeezed some more out today.....

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I am following the advice of @Cryptosurf just aimed for $300 on a $50k account and you're good to go, and also trying to mimic Darwin's requirements.
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Should be enough for the 15th-20th payout request.
As for the $100k payout request since 1 August still pending.

Borrowing this statement from @pipmaster77 - "if you are a reasonable trader, using reasonable leverage, do not allow losses to run away from you and you are profitable (even minimal) .......you should do fantastic with Darwinex (any firms)"
Quoting Nsak3y
{quote}-For sure. Every approach may have its own set of risks (and opportunities). Darwinex may seem like a solid choice right now, but in the off-chance that something happened to them, then that could potentially be years of your life with them as well (with possibly less ROI? -- I have no idea). The probabilities may not be the same, but I suspect that the potential risk may still be there. As for AUM, I share the opinion that traders should be putting some of their profits into their personal brokerage accounts. But even if they never do, their...
Yes, I agree. I will continue to use Apex, just started with TakeProfitTrader as well. My point is passing/building/scaling 4 firms over 4 years, while decent money was made, the entire reason was to build a substantial AUM to continue paying every month. I am all-in on Darwinex (only trading futures, I am 100% done with forex/CFDs) so that if/when futures props go through the same issues as the forex props, I expect I will have a substantial AUM that will continue to pay me. Looking back, I find it comical to even call it AUM with the props as there were no actual assets.
With that being said, you do need 1 million AUM with Darwinex to be equivalent to a 150K personal account
With the forex props, it was like an 800K personal account, but actually 80K due to the 10% max DD rule (which doesn't exist with Darwinex)
I expect I will get funding and I do expect to be in the top 10% of Darwins (what that means as far as AUM, I have no idea). At minimum, I think it will generate 20-25K annually for me, with the potential for unlimited upside.
Quoting failinforex
I am following the advice of @Cryptosurf just aimed for $300 on a $50k account and you're good to go, and also trying to mimic Darwin's requirements. {image}Should be enough for the 15th-20th payout request. As for the $100k payout request since 1 August still pending. Borrowing this statement from @pipmaster77 - "if you are a reasonable trader, using reasonable leverage, do not allow losses to run away from you and you are profitable (even...
Yes, exactly how I do it as well, some accounts I aim for $200 daily, some $500. The futures props are a gold mine if you know what you're doing.
Darwinex...I trade ultra conservative aiming for 2K on a 1,000,0000 account, with my risk engine at 1.34, this generates 5-5.5% monthly. If my max DD stays at -6.13 and I can earn 70% annually, I am pretty confident I will have substantial AUM.
For all to know, it's 1 million on futures because there are no micros available, their forex offering will have you an a 100K signal account.
Banggggg....... Asian session 2 trades on NQ..... Done for the day .....

1. APEX 150kx12 - 11808$ ( 2 more days to go for monster 33000$ bag )


14 DAYS WINNING STREAK
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Extreme gut feeling trader
Quoting failinforex
I am following the advice of @Cryptosurf just aimed for $300 on a $50k account and you're good to go, and also trying to mimic Darwin's requirements. {image}Should be enough for the 15th-20th payout request. As for the $100k payout request since 1 August still pending. Borrowing this statement from @pipmaster77 - "if you are a reasonable trader, using reasonable leverage, do not allow losses to run away from you and you are profitable (even...
Perfect approach.
A snails pace wins the race :-)
Quoting Nsak3y
{quote}-Just read that Karma Prop Traders are closing their doors due to cheaters: https://www.financemagnates.com/fore...uidity-issues/ Not sure if that is the same Karma that you are referring to, though. Regarding Darwinex, these things are always subjective, but I think that considerations will be made based on what is currently available. If these CFD/Futures props still exist, offering much better terms (bigger/faster payout potential etc.), then many traders may still elect...
Thats the one but anyone who is familiar with Eshan Bala would know it was scam from day 1. its an evil kid.
Quoting pipmaster77
if/when futures props go through the same issues as the forex props, I expect I will have a substantial AUM that will continue to pay me.
-I hope that you are right and I really wish you the best with it.
WTF>>> THE MOST UNLUCKIEST THING HAPPEN TO ANY YOLO"er...

I had buy limit on GOld and Sell on NQ>........ Both Got Triggered on CPI news.... NQ Hit the tp right away and Gold misses the tp by 1$ and reverses and was lucky i closed it right away but the damage was done......... LOOK at the highest Equity 161k first i passed and closed the gold loss now (It wasn't a loss but trailing crushed my EVALS) only 1200$ worth of drawdown left and PURE BS

EDIT - INFACT LOST THE EVALS>>>>> thats it for evals this month
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Extreme gut feeling trader
Quoting montygoldy
WTF>>> THE MOST UNLUCKIEST THING HAPPEN TO ANY YOLO"er... I had buy limit on GOld and Sell on NQ>........ Both Got Triggered on CPI news.... NQ Hit the tp right away and Gold misses the tp by 1$ and reverses and was lucky i closed it right away but the damage was done......... LOOK at the highest Equity 161k first i passed and closed the gold loss now (It wasn't a loss but trailing crushed my EVALS) only 1200$ worth of drawdown left and PURE BS {image}
CPI got me too.. moved up too quick and came back down (/ES)
Love Cars & Money !
Quoting montygoldy
WTF>>> THE MOST UNLUCKIEST THING HAPPEN TO ANY YOLO"er... I had buy limit on GOld and Sell on NQ>........ Both Got Triggered on CPI news.... NQ Hit the tp right away and Gold misses the tp by 1$ and reverses and was lucky i closed it right away but the damage was done......... LOOK at the highest Equity 161k first i passed and closed the gold loss now (It wasn't a loss but trailing crushed my EVALS) only 1200$ worth of drawdown left and PURE BS EDIT - INFACT LOST THE...
Hey folks, how you are doing today ? I also made one stupid mistake, but in the end I made a profit of a shy 900 bucks today.
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Quoting procrude
{quote} CPI got me too.. moved up too quick and came back down (/ES)
My mistake was it hit my both Longs and shorts...... first hit NQ short tp 11k then it also triggered gold longs where my target was 2520.5 and it went up to 2519.7. Wish had OCO order options in tradovate...... This is the most unluckiest evals Failure......
Extreme gut feeling trader
Quoting TrAndy1
{quote} Hey folks, how you are doing today ? I also made one stupid mistake, but in the end I made a profit of a shy 900 bucks today.
Just blew some evals... PA accounts are intact as i have done my targets in asian so not trading........
Extreme gut feeling trader
THIS UNCLUCKY SADNESS DAY LOST EASY PEAZY 8 EVALS WHICH WERE ACTUALLY PASSED..
SO APEX DECIDED DONT WORRY BUDDY FORGOT ABOUT THOSE AND ENJOY THIS>>>>>

2Nd PAYOUT APPROVED GUYS

AUGUST 15 - 33k INCOMING (BIGGEST BAG EVER REQUEST BY ME)
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Extreme gut feeling trader
Closing Day


Top 8 rows worthless GREENNNN
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Extreme gut feeling trader
Quoting pipmaster77
{quote} Yes, I agree. I will continue to use Apex, just started with TakeProfitTrader as well. My point is passing/building/scaling 4 firms over 4 years, while decent money was made, the entire reason was to build a substantial AUM to continue paying every month. I am all-in on Darwinex (only trading futures, I am 100% done with forex/CFDs) so that if/when futures props go through the same issues as the forex props, I expect I will have a substantial AUM that will continue to pay me. Looking back, I find it comical to even call it AUM with the props...
After calibration period, whatever trade I do, Is it taken into account for Silver ?
Intraday only.
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