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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

Attachments: Prop Firm Hub
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Prop Firm Hub

Quoting Takisd
{quote} For south east asia, it depends on the broker but if there is a bonus program for example which some lesser brokers offer, they will gather up 500 ID's and promise them a payment and go long short to get the bonus on both sides with no risk. So you find 2 bonus companies, you buy on one sell on other and just trade volume to get the bonus with no loss then withdraw. I actually think the same groups are the prop firm ones people are banning but i have no proof of that, sounds like it though as its mostly stemmed around identification.
Need get rid of those cheaters.,,..Should ban them cross all firms.. Do like credit reports. With bad credit, the traders get no funding...
Quoting Boulder
{quote} Need get rid of those cheaters.,,..Should ban them cross all firms.. Do like credit reports. With bad credit, you get no funding...
Maybe. Its not like cheating per se its taking advantage sure. The thing about them is that if you have any way to manage flow other than b-book, its got some value.

You can assume that all of the prop firms have no interest in manage this flow, so it is a tale of multiple stories.
Quoting Takisd
You can assume that all of the prop firms have no interest in manage this flow, so it is a tale of multiple stories.
-I honestly think that many of them do not care; the cookie-cutter types, especially. These are the firms that will not survive, undoubtedly.
Quoting Boulder
By the way MFFX is having 50% discount.
//------

thanks for pointing that out.....h
to trade and code, keep both simple... no call to impress....h
Quoting Nsak3y
{quote}-I honestly think that many of them do not care; the cookie-cutter types, especially. These are the firms that will not survive, undoubtedly.
Well, I know someone who has a solution for that flow. If it was me, I would take it all and then some. But I am not a prop firm and I would not run such models like the existing ones. And prop firms for the most part aren't prop firms just marketing companies.
Quoting Takisd
Well, I know someone who has a solution for that flow. If it was me, I would take it all and then some.
-Would this solution require a restructuring of the current model?
Quoting Takisd
{quote} Well, I know someone who has a solution for that flow. If it was me, I would take it all and then some. But I am not a prop firm and I would not run such models like the existing ones. And prop firms for the most part aren't prop firms just marketing companies.
I guess the reason for the flow to not have value is because the trading conditions are unrealistic and not real.

Otherwise, assuming that the large % of prop traders lose money it would be viable to make reverse trading from them, specially the ones with big universe like MFF or FTMO.
Quoting Capablanca
{quote} I guess the reason for the flow to not have value is because the trading conditions are unrealistic and not real. Otherwise, assuming that the large % of prop traders lose money it would be viable to make reverse trading from them, specially the ones with big universe like MFF or FTMO.
No man, you can give fantasy land conditions and still manage flow. Its not about A booking. A book is the most inefficient way to handle order flow. By a-booking someone you are assuming that when they open a trade they are going to automatically go into profit and your only revenue is commission (spread isn't a charge its naturally occurring).
Quoting Takisd
{quote} No man, you can give fantasy land conditions and still manage flow. Its not about A booking. A book is the most inefficient way to handle order flow. By a-booking someone you are assuming that when they open a trade they are going to automatically go into profit and your only revenue is commission (spread isn't a charge its naturally occurring).
How about B-booking every trader till he reaches some threshold like 5% than A booking them. In this way they will always make money. By doing that way they will make money from failed traders which covers majority, earn commissions plus if trader is profitable after 5% they will make money from them via A booking commissions and profit split.
Jiggling Jessica G funded with SurgeTrader. "If you can't steal from them, join em"

That's my girl
Attached Image (click to enlarge)
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"Pride always comes before destruction...." -Proverbs 16:18
Quoting LehmanBrotha
{quote} We're currently in a race to the bottom phase. Once someone overdoes it and goes bust, we will see consolidation.
When we see unicorns and teddy bears presenting the giveaways we might be close to that bottom, but society is pretty shallow so how deep can go?
Quoting Expo33
Jiggling Jessica G funded with SurgeTrader. "If you can't steal from them, join em" That's my girl {image}
Do professinal traders trade demo?
Not referring to anyone but the picture says .."professional trader"... so when funded are poeple considered professional?
Quoting FocusWinReal
{quote} Do professinal traders trade demo?
There are advertisement traders on social media.
Quoting sampat
{quote} How about B-booking every trader till he reaches some threshold like 5% than A booking them. In this way they will always make money. By doing that way they will make money from failed traders which covers majority, earn commissions plus if trader is profitable after 5% they will make money from them via A booking commissions and profit split.
You need to make back that 5% and if you are profit splitting 80 or 90 % then thats not going to happen very fast.
Quoting Expo33
Jiggling Jessica G funded with SurgeTrader. "If you can't steal from them, join em" That's my girl {image}
As long as I don't have to see her boobs on a surge trader ad, I am ok.
This is Binance but may have impact for props in terms of crypto payouts because some props were paying from Binance

https://twitter.com/BinanceUS/status/1666996908651323393
Quoting Nsak3y
Quoting Takisd
Well, I know someone who has a solution for that flow. If it was me, I would take it all and then some.
-Would this solution require a restructuring of the current model?
-I will assume that you want to remain hush-hush about this, then. I think, if the solution does not require much restructuring of the current model, then likely it could be very valuable to existing firms. Better put on your consultant hat, then.
Quoting Nsak3y
{quote}{quote}-I will assume that you want to remain hush-hush about this, then. I think, if the solution does not require much restructuring of the current model, then likely it could be very valuable to existing firms. Better put on your consultant hat, then.
Oh I missed your message sorry.

Existing firms are stupid, no one at institutional level with a brain wants to work with them because explaining to them what a yard is or what liquidity is gets monotonous and boring. No one likes to run someones company for them so that they get rich.

I have been playing with controlled learning lately with dealing strategies and there are some viable ones. The problem is to make them really good not just good you need to lower the trash from the orderbook. Mostly the massive single direction orders that prop firms generate. But if you remove that, then all the "IM A SCALPER GUYS WHY ISNT SPREAD 0" folks won't buy accounts.
Quoting Takisd
Oh I missed your message sorry.
-Ah. No worries at all.

Quoting Takisd
Existing firms are stupid, no one at institutional level with a brain wants to work with them because explaining to them what a yard is or what liquidity is gets monotonous and boring. No one likes to run someones company for them so that they get rich.
-This makes a lot of sense. Josh at MFF is the only one that seems to know more than just retail trading. I can only guess, though, because I feel like I barely know retail trading myself.

Quoting Takisd
I have been playing with controlled learning lately with dealing strategies and there are some viable ones. The problem is to make them really good not just good you need to lower the trash from the orderbook. Mostly the massive single direction orders that prop firms generate. But if you remove that, then all the "IM A SCALPER GUYS WHY ISNT SPREAD 0" folks won't buy accounts.
-Well, maybe finding a good balance that is reasonable will be sufficient. The interesting thing is that there are a lot of things that can be tweaked, especially since it looks like most traders are willing to try new things so long as the offerings are reasonable.
Hi All,
Is there a consensus on how much to risk per trade during an evaluation? 1% ? 3% ?
For the traders who have earned funded accounts, did you employ a different (more aggressive) approach during the evaluation vs your normal trading approach?
Thanks
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