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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 sampat
{quote} Be careful. Ticktick have some undefined cooling period once you go live like Elitetrader funding (2 years), I think this will be the next change in process to avoid SIM farming.
yes, there is undefined cool down period if one blows live account


IMO, Live account needs to be traded like mt4 personal account as I have been mentioning in the past with calculated risk
Intraday only.
So i was surfing the blueguardianfutures.....
They have simply copied the the plans from MFFU.....
Prices are good and no activation fees...

Only difference is their payout amount is bigger for 50k starter accounts its 1500$ as compared to 1200 on MFFU>....

Plus they have a 30% off running on the website.... PLanning to load up blueguardian, e8 and alpha-futures with next payout i.e 50kx3 .... Good deals
Extreme gut feeling trader
Good volatility on GCG on opening
Intraday only.
Quoting navk
Good volatility on GCG on opening
And after that too.

As Monty says, one needs to expertise in gold futures.

I see NASDAQ too moves too good
Intraday only.
Quoting pipmaster77
100%. Otherwise, as there is no benefit to live
-Personally, I do not see any benefit to trading a live account for a firm that does not fund your account with their own money. The only reason to continue trading for a firm that funds your live account with your sim profits would be so that you can try to get some of the money back that was stolen from you.

Why anyone would want to continue sharing their profits when the account is self-funded is beyond me. Maybe there is more to it that I am not aware of. In cases where firms offer some kind of account-growth program (where their capital is only added later on), traders should be aware that they are going through another evaluation period, and, that any influx of capital should be significantly more than what the firm's 10% cut would amount to.

It seems that if more firms were willing to disclose specifics, then this 'threshold-to-live' could serve as a good gauge for measuring a firm's strength. It would be good to know how much we can get from each firm before we are cut off.

As mentioned, many times before, traders should be using these firms to fund their personal account(s). Trading on a live account for a firm just doesn't make any sense unless they are funding the account with their own money, otherwise, this is just another type of instant-funding scam like we used to see with FX firms, where the accounts were actually self-funded.

Even if a firm has a blacklist policy that prohibits you from using their services in the event that you decline the offer to be their slave, there are still plenty of other options available that are sufficient for accumulating capital. That being said, even though there were much better options than the instant funding model, people still refused to believe the truth and would continue spending money on them. To each their own, I suppose.
Quoting Nsak3y
{quote}-There is no benefit to trading a live account for a firm that does not fund your account with their own money. The only reason to continue trading for a firm that funds your live account with your sim profits would be so that you can try to get some of the money back that was stolen from you. Why anyone would want to continue sharing their profits when the account is self-funded is beyond me. Maybe there is more to it that I am not aware of. In cases where firms offer some kind of account-growth program (where their capital is only added...
Only reason i felt personally is. -- PEACE OF MIND EVEN AFTER BLOWING OR DOING STUPID STUFF....
you'll be more fearful with your personal accounts where as at prop live accouts can take big risks without worrying about anything .... Today i hit DLL on Live Account n literally i am feeling ok with it... Btw i was up 700$ which is usually my daily target but took more risks and went for home run trade n It just missed my tp by .3 on gold before tanking......I have no issue with DLL if its was my personal i would have die thinking n doing maths in my head how many days of profits i lost and how to get it back with low risk.....
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Extreme gut feeling trader
Quoting navk
{quote} And after that too. As Monty says, one needs to expertise in gold futures. I see NASDAQ too moves too good
After blowing so many accounts i have learnt my lesson for gold.. always go with flow rather than trying to pick high or bottom........
Extreme gut feeling trader
Quoting montygoldy
Only reason i felt personally is. -- PEACE OF MIND EVEN AFTER BLOWING OR DOING STUPID STUFF.... you'll be more fearful with your personal accounts where as at prop live accouts can take big risks without worrying about anything ....
-But that same peace-of-mind can be had without the need to share 10% of your profits and perpetuate these blatant abuses.

I'm not dogging you for it. I know that people are different, and if it works for you, then that's great. I just personally am not keen on the idea of trading for a firm under those circumstances; they void part of your profits, which is essentially stealing, then they use whatever is left to fund your live account, all before forcing you to forfeit 10% of your profits in perpetuity. It just isn't right, in my opinion.
BANGG>>...... 12k BAG SECURED.

1. TicktiCk - 4 accounts crossed threshold..... Need to do the KYC then will be requesting 3000x4 BAG
2. Tradeify - 150x7 - 50% daily target hit will be looking for another good setup.....
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Extreme gut feeling trader
Quoting Nsak3y
{quote}-But that same peace-of-mind can be had without the need to share 10% of your profits and perpetuate these blatant abuses. I'm not dogging you for it. I know that people are different, and if it works for you, then that's great. I just personally am not keen on the idea of trading for a firm under those circumstances; they void part of your profits, which is essentially stealing, then they use whatever is left to fund your live account, all before forcing you to forfeit 10% of your profits in perpetuity. It just isn't right, in my opinion....
I can understand... you'll feel this when you taste both conditions... btw i have personal accounts and prop firm accounts....
Big difference i mentioned is MORE FEARFUL ON TRADING MY PERSONAL ACCOUNT coz each dollar is earned with blood, sweat and tears....where as in prop firm in my mind i know its all house money even if lose everything i am good with that why you;ll see me taking big risks which i would never do in personal account......
The 10% share is not a big issue but possibility of losing 100% of your own money is
Extreme gut feeling trader
Quoting montygoldy
Big difference i mentioned is MORE FEARFUL ON TRADING MY PERSONAL ACCOUNT coz each dollar is earned with blood, sweat and tears....where as in prop firm in my mind i know its all house money even if lose everything i am good with that
-I can understand that. For me, it is just a shift in mindset. If I move profits from a firm to a broker, it's all the same thing; it's all 1's and 0's until it becomes tangible.
Btw just confirmed with e8futures support staff.... Can copy trade during evals but cant copy trade on SIM stage ..... Immediately cancelled them from my list without copy trading they are not worth a while for me.....
Extreme gut feeling trader
Quoting Nsak3y
{quote}-I can understand that. For me, it is just a shift in mindset. If I move profits from a firm to a broker, it's all the same thing; it's all 1's and 0's until it becomes tangible.
The issue is you cannot with any of them except Apex, I believe. So it's a trade-off...you pay the small fee, pull out upwards of 30x the fee in live sim in exchange for them screwing you on the live. Perfect world, you milk the live sim and then have the option of pulling out the profit instead of going live....pretty sure we'd all go that route.
Quoting Erpthetrader
{quote} https://medium.com/@eliremy1997/the-...y-db264e283780 And the NEW journey continues ! im still doing Darwinex Zero, its just Topstep is far more rewarding short term lol
Great! So, you traded 4 accounts separately during November & December? What was your account size? 50k?
And, behold, with every hardship comes ease:
Quoting montygoldy
Btw just confirmed with e8futures support staff.... Can copy trade during evals but cant copy trade on SIM stage ..... Immediately cancelled them from my list without copy trading they are not worth a while for me.....
so you cant even copy between their own accounts?
Quoting CableJ
{quote} so you cant even copy between their own accounts?
nope Biggest BS..... each account need to traded seperately + their payout policy is similar to topstep... 50% profits withdrawable.... Thats why going with blue guardian 150kx3 standard accounts. -- after discount 200 each and same payout policy as MFFU 5 winning days and can withdraw max 4500$ each account. SO a nice earning potential of 13500$ with 600$ investment....
Extreme gut feeling trader
Quoting montygoldy
{quote} nope Biggest BS..... each account need to traded seperately + their payout policy is similar to topstep... 50% profits withdrawable.... Thats why going with blue guardian 150kx3 standard accounts. -- after discount 200 each and same payout policy as MFFU 5 winning days and can withdraw max 4500$ each account. SO a nice earning potential of 13500$ with 600$ investment....
do they have tradovate
Intraday only.
Quoting navk
{quote} do they have tradovate
nope projectx
Extreme gut feeling trader
Quoting pipmaster77
The issue is you cannot with any of them except Apex, I believe. So it's a trade-off...you pay the small fee, pull out upwards of 30x the fee in live sim in exchange for them screwing you on the live. Perfect world, you milk the live sim and then have the option of pulling out the profit instead of going live....pretty sure we'd all go that route.
-Yes. I have no interest in trading for a prop firm that is not willing to invest in me. Because let's be realistic, we know what these prop firms are, and we know what trading live really means to them. So for me, It's all about pulling money out as quickly as possible so that I can fund my own accounts.
Anyone using aqua funded forex ones... they have launched futures as well 40% running
https://www.aquafutures.io/
Any reviews on payouts....
Extreme gut feeling trader
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