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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
DislikedSorry, but you do not get a better offer, especially for starters. You have no challenge here, only instant funding with score of 4, which means you get 4 times of your fee/money a drawdown to trade with. I cannot imagine of a better offer right now. If you do not trade every second day at least, then you must be a pure swing trader. Maybe for those kind of traders their 3/7 rule can be a problem. But I do find that this rule is very limiting at all. You can also open 1 lot or 40% of your average lot size a position for about bit more than 1 minute...Ignored
DislikedSorry, but you do not get a better offer, especially for starters. You have no challenge here, only instant funding with score of 4, which means you get 4 times of your fee/money a drawdown to trade with. I cannot imagine of a better offer right now. If you do not trade every second day at least, then you must be a pure swing trader. Maybe for those kind of traders their 3/7 rule can be a problem. But I do find that this rule is very limiting at all. You can also open 1 lot or 40% of your average lot size a position for about bit more than 1 minute...Ignored
DislikedS You can also open 1 lot or 40% of your average lot size a position for about bit more than 1 minute...Ignored
Disliked{quote}-Any firm that imposes such strict rules does not have the best interests of their traders in mind and is not worth considering in my opinion, especially when there are so many better options available.Ignored
DislikedI'm guilty by knowing, that I'm unable to trade 3 days every week for all the weeks that remains me to live in my life. But I know that this thread is full of great traders who can.Ignored
Disliked{quote} Nope, it's actually wasting money due to their 3/7 rule. You can't take holidays, and how abut catching seasonal sickness? It's a silly but powerful rule. Good luck. And if you think you can work around it, watch the video then. It’s yummy. 3 Day/Week The minimum number of trading days is 3 every 7 days. If a trade is held over multiple days, only the day when the trade was executed is considered to be the trading day. Your first day in the program will be considered the date when you receive the account logins. Watch...Ignored
Disliked{quote} Nope, it's actually wasting money due to their 3/7 rule. You can't take holidays, and how abut catching seasonal sickness? It's a silly but powerful rule. Good luck. And if you think you can work around it, watch the video then. It’s yummy. 3 Day/Week The minimum number of trading days is 3 every 7 days. If a trade is held over multiple days, only the day when the trade was executed is considered to be the trading day. Your first day in the program will be considered the date when you receive the account logins. Watch...Ignored
Disliked{quote} Agree. In addition, this intentionally vague rule is just another red flag for me. I didn't search too hard but how do they define "big differences" in lots sizes? I guess the trader will find out when they get denied their profits. No thanks. Either I trade when and how I want to or I don't use your firm {image}Ignored