Just use 0.01 lots. Hahahahaha. Yes and grid. You will get there some time.
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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
DislikedSent a message to support at The Funded Trader 4 days ago asking them to send me my competition credentials. No response for 48 hours so I sent them another message and again no response for 48 hours. No big deal. Who doesn't love to overleverage with no risk? Me me me. Anyways, I just got an email from them asking me to rate their support from my "recent" interaction. Um, what do they want me to say? On a scale of 1 to 5 how about it was nonexistent?Ignored
Disliked{quote} bro my strategy doesn't use martingale, so are they gonna be decent prop firm if one trade without martingale? or are there any popular reasons they deny to pay their traders?Ignored
Disliked{quote} I understand his point of view regarding lot size. And I agree fully to your post here. After blowing funded accounts, I have now reduced a lot in lot sizing... which if fetches 0.03 to 0.5 % a day, I would be extremely happy. I would aim max 0.5 to 0.7 % in a funded account per account ( For 2 x 100 k accounts ) One can have 3 to 5 nos 100k account. ( In this case, I would aim max 0.3 to 0.5 % per account in a dayIgnored
DislikedSent a message to support at The Funded Trader 4 days ago asking them to send me my competition credentials. No response for 48 hours so I sent them another message and again no response for 48 hours. No big deal. Who doesn't love to overleverage with no risk? Me me me. Anyways, I just got an email from them asking me to rate their support from my "recent" interaction. Um, what do they want me to say? On a scale of 1 to 5 how about it was nonexistent?Ignored
Disliked{quote} Yes, trading small simply to avoid a scammish broker/prop firm slipping you is definitely not the best option. However, when one takes on less risk, the chances of this happening are obvioulsy much less. I believe that is the point OutThere was making. If one is trading where the max daily DD will be violated with a 50 pip move, yes, you need to be very selective with not only the firm, but also the instrument, time of day, upcoming news, etc, etc...... On the other side, that same trade with the 50 pip stop is going to pass phase 1 with...Ignored
Disliked{quote} I always get confused when you guys talk about % of risk because in props there is 2 ways of looking into it. Let's say you say 1% in a 100K account with a 10K max loss. Do you mean 1% of 100K, which is 1K, which is 10% of the total 10K DD ? Or you mean 1% of the 10K DD which is 100 USD ? (0.1% of account size)Ignored
Disliked{quote} I always get confused when you guys talk about % of risk because in props there is 2 ways of looking into it. Let's say you say 1% in a 100K account with a 10K max loss. Do you mean 1% of 100K, which is 1K, which is 10% of the total 10K DD ? Or you mean 1% of the 10K DD which is 100 USD ? (0.1% of account size)Ignored
DislikedHi everyone, I am currently trading a scalping strategy that is profitable, the only issue I'm having is getting smashed with fees. I am currently doing an MyfundedFX $50K challenge am up just over 1% after a few days (a bit under $600). Looking in my history on just trades alone (without fees and spreads etc) profit would be $1100. My average trade is R:R 2:1 risking anywhere from 1-3 pips at 0.2% per trade and winning 2-6 pips 0.4% per trade. Lot sizes averages around 1.5-4 lots My question is..... who is the best prop first for fees and spreads?...Ignored
Disliked{quote} cryptofundtrader.com I tried their demo. spread on eur/usd is 0, xau/usd 8 cents, SP500 0.4. Commission $3/lot;indices no commission.Ignored
DislikedHi everyone, I am currently trading a scalping strategy that is profitable, the only issue I'm having is getting smashed with fees. I am currently doing an MyfundedFX $50K challenge am up just over 1% after a few days (a bit under $600). Looking in my history on just trades alone (without fees and spreads etc) profit would be $1100. My average trade is R:R 2:1 risking anywhere from 1-3 pips at 0.2% per trade and winning 2-6 pips 0.4% per trade. Lot sizes averages around 1.5-4 lots My question is..... who is the best prop first for fees and spreads?...Ignored
DislikedHi everyone, I am currently trading a scalping strategy that is profitable, the only issue I'm having is getting smashed with fees. I am currently doing an MyfundedFX $50K challenge am up just over 1% after a few days (a bit under $600). Looking in my history on just trades alone (without fees and spreads etc) profit would be $1100. My average trade is R:R 2:1 risking anywhere from 1-3 pips at 0.2% per trade and winning 2-6 pips 0.4% per trade. Lot sizes averages around 1.5-4 lots My question is..... who is the best prop first for fees and spreads?...Ignored
Disliked{quote} no, and here is why https://www.forexfactory.com/thread/...8#post14485538 We have already been there. {quote} check Alpha Capital - no commissions and spreads are fine.Ignored
Disliked{quote} 1. He asks for cheapest commission and fee. And your reply had nothing to do with commission and fee.Ignored
Disliked{quote} no, bespoke. you mentioned to me last time one of your buddies in this sub was not paid due to him using grid system. but im not using those kind of systems.Ignored