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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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Prop Firm Hub

Quoting KarlKraus
What are you talking about? It doesn’t have to mean that, at all: there are plenty of well-regulated forex brokers (e.g. all the ones regulated by the UK’s FCA and all the Swiss-regulated ones) who don’t send trades to any live market.
-To be fair, the so-called funding element involved with remote props must be considered here.
Quoting Capablanca
If this becomes regulated and if that means opening real accounts and sending trades to the market, it's basically the end of online props.
-In terms of live trading, I suspect that props will only be required to have a proven pathway for that. Regulators simply cannot force props to move a specified percentage of traders to live within a given time-frame, and thereby deciding the firm's risk tolerance. However, I do think that if regulators can determine that the pathway to live is negligible somehow, then they will try to shut it down.

Exchanges and regulators want the money flowing into their pockets. Traders using demo accounts does not allow for that, simply put. This is in reference to Futures props.
Quoting Takisd
I guess its time for our seasonal dose of condescending exchanges.
-But it's not freaky Friday yet.
Quoting Nsak3y
{quote}-But it's not freaky Friday yet.
I guess this is what menstruations feel like.
Update: Hoping to pass my Topstep evals this week. Need to make $1072.36 more to pass. Hoping to pass before my rebill date. So far I am with in first 30 days. These are 150k evals. Taking it easy. Most of my winning trades lasted less than 15 minutes and losers were more than 4 hours. I just need to be more disciplined and work on my fear and greed.
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Love Cars & Money !
Course seller cannot trade, even for the famous ICT (=I can't trade) teacher...funny
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Quoting navk
FXIFY new sign ups will have static daily DD as ususal but not any more 5 % of account equity, only 4 % with immediate effect for all new purchases
Seems like someone needs more fees to keep it up. Anyway, very strange ...... i never liked FXIFY.
Quoting AlessandroGG
{quote} Seems like someone needs more fees to keep it up. Anyway, very strange ...... i never liked FXIFY.
I wonder if going from 5% to 4% daily affects that many people.
If so, then it may be a good idea for props to decrease number of gamblers and/or people that are hedging and need to pass in a few trades.
I never imagined that this would be a problem for anyone.
Quoting Capablanca
{quote} I wonder if going from 5% to 4% daily affects that many people. If so, then it may be a good idea for props to decrease number of gamblers and/or people that are hedging and need to pass in a few trades. I never imagined that this would be a problem for anyone.
The new rule does not matter much, cause FXIFY is kicking out profitbale funded traders after a few payouts for no reason nevertheless. So this reduces a lot the risk.
ACG changed the performance fee bonus (250$ for 100K account) from first payout to 4th payout? I guess less than 20% funded accounts reach 4th payout.
Quoting navk
Topstep Trader update : Day 1 : ( - 1017 ) Day 2 : + 2804 Net equity : 51787. Am not sure , i will pass this challenge as day 1 hurted my sentiment ( it hit daily limit )
there is 50% consistency rule for evals.... check the dashbaord you need to make alot more now to pass as you made 2800$ in a day... Plus if you choose topstepx platform there is no daily loss limit
Extreme gut feeling trader
Quoting TrAndy1
{quote} The new rule does not matter much, cause FXIFY is kicking out profitbale funded traders after a few payouts for no reason nevertheless. So this reduces a lot the risk.
I guess it depends on the amount. I had close to 20 payouts and a scaled acct and had not any problem so far.
Quoting Capablanca
{quote} I guess it depends on the amount. I had close to 20 payouts and a scaled acct and had not any problem so far.
how big is your account and how much is your total payout so far ?

I guess it is not a 400K account on which you use full leverage…
Quoting navk
Topstep Trader update : Day 1 : ( - 1017 ) Day 2 : + 2804 Net equity : 51787. Am not sure , i will pass this challenge as day 1 hurted my sentiment ( it hit daily limit )
Top step update :

Day 1 : ( - 1017 $ )

Day 2 ( Today ) : 4177 $ ( )

End of day equity : 53160 $

Evaluation : Passed

Intraday only.
Quoting montygoldy
{quote} there is 50% consistency rule for evals.... check the dashbaord you need to make alot more now to pass as you made 2800$ in a day... Plus if you choose topstepx platform there is no daily loss limit
Is it so ? For evaluation also ?
And i made like this :
Day 1 : - 1017 $
Day 2 : 4177 $.

How many more days i need to trade ?


The rules, i did not check
Intraday only.
Quoting Stoneyrocks
{quote} how big is your account and how much is your total payout so far ?
Initial account 200K scaled once. In FXIFY the good scale is the second one because they double the account. I'm trying it but it had been tough.

Total payout is mid 5 fig. I never exaggerate in payout amounts, trying to be under their radar.
Quoting montygoldy
{quote} there is 50% consistency rule for evals.... check the dashbaord you need to make alot more now to pass as you made 2800$ in a day... Plus if you choose topstepx platform there is no daily loss limit
Yeah, i checked.

It says, the best day can not be more than 50 % of profit target.
Intraday only.
Quoting navk
{quote} Top step update : Day 1 : ( - 1017 $ ) Day 2 ( Today ) : 4177 $ ( ) End of day equity : 53160 $ Evaluation : Passed
you only need 4177 / 0.5 = 8354 - 3000 = 5354 extra to make …
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next time read the rules before trading
Quoting montygoldy
{quote} there is 50% consistency rule for evals.... check the dashbaord you need to make alot more now to pass as you made 2800$ in a day... Plus if you choose topstepx platform there is no daily loss limit
Monty,

I have now reduced purposely the profit made.

Today profit is 2900 $.

Reduced purposely by 1286 $. !!
Intraday only.
Quoting Stoneyrocks
{quote} you only need 4177 / 0.5 = 8354 - 3000 = 5354 extra to make …{image} next time read the rules before trading
i have now reduced day profit
Intraday only.
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