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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 Nsak3y
{quote}-The cool thing about firms like Apex, is that you can simply add more accounts; you do not necessarily need to trade bigger position sizes. Being able to trade 20+ accounts is huge; the numbers do not lie. It is beneficial, but only if you can pass the evaluations and stick to the rules etc.. When I spoke about taking advantage of the draw-down, I did not mean that it must be from a single account. If you bought 20 accounts, at, let's say 2.5k, and also put 2.5k in a personal account, which is going to be better? The draw-down is the same,...
yes, I have 5 live apex accounts and a TPT eval going. I target $50-$100 on the live apex accounts trading 2 micros. So $250-500 daily. That brings me to my point, I can make the same on a personal account trading 2 micros. I can essentially set up 5 $200 "mini accounts" and copy just the same. Have to be precise initially as I only have a 200-400 point stop, but when trading with 20-25% (500-625) of DD and aiming for 100 points on the evals, only have a 400-500 point stop to play with there as well.
APEX is definitely the route to go as you can withdrawal that initial profit after passing, the others you essentially have to pass 2 evals, as you cannot withdrawal within the buffer.
I have a decent size personal AMP account as well, which I trade very risk adverse in the same manner I trade Darwinex.
Just trying to wrap my head around additional evals or take the same cost and trade multiple mimi accounts and not deal with trailing DD, payout periods, consistency, etc, etc
Quoting pipmaster77
So $250-500 daily. That brings me to my point, I can make the same on a personal account trading 2 micros. I can essentially set up 5 $200 "mini accounts" and copy just the same.

.../...

Just trying to wrap my head around additional evals or take the same cost and trade multiple mimi accounts and not deal with trailing DD, payout periods, consistency, etc, etc
-But you would be taking on more risk with the personal account, since the draw-down allowance would be less than half in that example.

If you use the aforementioned 2.5k investment and do a comparative analysis, you can easily see which is better.

With a personal account, you may find it difficult to trade multiple accounts without being classified as a professional, which would eat into your profits. You will also face liquidity issues at some point.

With prop, you can spread out your risk and copy-trade via multiple accounts and multiple firms as a non-professional, without the same liquidity issues, with much more draw-down allowance etc.. You may still have the monthly fees with prop, but you can literally trade the same way as you would your personal account while making several times more money doing so (assuming similar account sizes).

Pros and cons to each, but for those that are looking to raise capital, remote prop is a low-barrier-to-entry option that can produce results very quickly. Even if you have 50k in your personal account, it is still worth utilizing prop firms.
Too bad
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Quoting Nsak3y
{quote}-But you would be taking on more risk with the personal account, since the draw-down allowance would be less than half in that example. If you use the aforementioned 2.5k investment and do a comparative analysis, you can easily see which is better. With a personal account, you may find it difficult to trade multiple accounts without being classified as a professional, which would eat into your profits. You will also face liquidity issues at some point. With prop, you can spread out your risk and copy-trade via multiple accounts and multiple...
If you not get your hard earned payout in the end all the efforts are meaningless. And that can happen quite more often than you want. Also payout waiting times can be very long, from several weeks to even months. And you need to have all the rules on paper or better in your mind all the time checking before them when you trade!
Good one
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Quoting Capablanca
{quote} Can't wait to jump in. I wonder what platform will they use.
My green flag is if any firm provides TRADOVATE......I CAN JUMP IN WITH CLOSED EYES
Extreme gut feeling trader
Quoting pipmaster77
{quote} APEX is the only firm that allows you to withdrawal inside your buffer, correct?
topstep, mffu etc they dont have buffer system just 5 winning days of a certain amount and you can ask for a payout.......
Extreme gut feeling trader
Quoting TrAndy1
Good one https://www.youtube.com/watch?v=NRxeoY3pLl0
What he is saying/teaching/recomdeming about the trade part. Is how I trade. Boring can be profitable.
those who can, do. those who cant, talk about those who can
Finotive, shady rules as always
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Quoting montygoldy
{quote} My green flag is if any firm provides TRADOVATE......I CAN JUMP IN WITH CLOSED EYES
Do you have a complete list ? You know this by heart, probably.
Quoting montygoldy
{quote} My green flag is if any firm provides TRADOVATE......I CAN JUMP IN WITH CLOSED EYES
Too early to judge but tradovate or ninjatrader dont make prop firms more legit, as tradovate is making good money providing those prop firms with their platform
Quoting Boulder
{quote} My update with Nova funding. Three months ago, Mt4 was shutdown for US traders. I thought I was done with Nova. A month ago, thankfully, Nova converted my mt4 account to DXtrade with eight cap. I had no issues with DX trade, since all my trades were done manually. After conversion, I had to trade min 5 days and wait 30 days to get paid. So, I will request payout tommorrow, Lets see I will get paid. This will be my 19th payout from Nova. I never had any issues on my previous payouts, which is a surprise (a high frequency trading firm) and...
update my payout from Nova funding , requested on 10/5. approved on 10/13 ( 5 business day) and received payment on 10/18 ( 5 business day)
Quoting Capablanca
{quote} Do you have a complete list ? You know this by heart, probably.
The ones i have tested personally so far apex, topstep, mffutures, alpha futures(no tradovate), tradeify, takeprofittrader.
Extreme gut feeling trader
Quoting montygoldy
{quote} The ones i have tested personally so far apex, topstep, mffutures, alpha futures(no tradovate), tradeify, takeprofittrader.
all of them reliable in terms of a stable feed without disconnections and outgages ?
New prop firm incoming soon...one more begging for your money
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Quoting Stoneyrocks
{quote} all of them reliable in terms of a stable feed without disconnections and outgages ?
yes,,, no issues with tradovate wiht these firms....
Extreme gut feeling trader
Final update on MFFU payout

After yesterday's small hiccup, which hit DLL, able to recover all of it. Now, officially five profitable days are done. Will ask for a payout at the end of the day. Let's see.

1200$x3 = 3600$ (It'll be used to activate topstep 50kx5 already passed activation fees and takeprofittrader/tradeify challenges)

Drawdown after payout will be - 2000$ which is sufficient for further payouts. Will be aiming 200-250$ next week.
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Extreme gut feeling trader
Quoting montygoldy
{quote} The ones i have tested personally so far apex, topstep, mffutures, alpha futures(no tradovate), tradeify, takeprofittrader.
BTW, have you already cracked topstep ?
Quoting Capablanca
{quote} BTW, have you already cracked topstep ?
Yep, 10 days ago.. Just waiting for a payout to activate those..... total 750$ for 5x50k activation too much money for a poor soul like me.
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Extreme gut feeling trader
Quoting montygoldy
Final update on MFFU payout After yesterday's small hiccup, which hit DLL, able to recover all of it. Now, officially five profitable days are done. Will ask for a payout at the end of the day. Let's see. 1200$x3 = 3600$ (It'll be used to activate topstep 50kx5 already passed activation fees and takeprofittrader/tradeify challenges) Drawdown after payout will be - 2000$ which is sufficient for further payouts. Will be aiming 200-250$ next week. {image} {image}
So based on the answer you provided to me yesterday in which MFFU just requires 5 profitable days and you may withdrawal, I'm assuming you made $3,200 per account and you are pulling $1,200 and leaving 2K?
If I make $200/day for 5 days can I pull the $1,000? Obviously would blow the account as there would be no DD. But can you pull it at 100%?
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