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FTMO - For serious traders

  • #4,141
  • Oct 13, 2020 1:24am Oct 13, 2020 1:24am
Quoting IveGotQuads
So far so good, been able to get back to around breakeven from draw-down week. I'm learning a lot in the heat of the moment and confirming that my system is actually compatible with FTMO's parameters. {image} {image}
well done
Intraday only.
  • #4,142
  • Oct 13, 2020 2:16am Oct 13, 2020 2:16am
Quoting OutThere
{quote} Thanks. Yup, my trading is a continuation event for me. The market is a continuing beast. Any such removing parts of it hinders the outcome. My style of continuation trading and not interrupting the flow is that way because I like it so. That includes holding tru overnight and weekends and the best part is going tru the news, tweets and whatever else I as the trader decides. As such, FTMO in particular is more limiting than some others even tho the others aren't so hot either. You know, they say trading is an art. There are 2 kinds of artists....
The not allowing trade over the weekend for funded account is a real concern.

Very limting for some strategy.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #4,143
  • Oct 13, 2020 2:26am Oct 13, 2020 2:26am
Quoting skyf
{quote} The not allowing trade over the weekend for funded account is a real concern. Very limting for some strategy.
Well, I'd set the same rule in my prop firm as the gaps on market open are sometimes just bad and so it would increase the risk for my capital.

If it was your money, what would you do?
It's never too late to make a bad trade!
  • #4,144
  • Oct 13, 2020 2:30am Oct 13, 2020 2:30am
Quoting paxilein
{quote} Well, I'd set the same rule in my prop firm as the gaps on market open are sometimes just bad and so it would increase the risk for my capital. If it was your money, what would you do?
That's understandable but when an account is traded with very small lots gaps can be negligible especially with the 5% daily condition in place already.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #4,145
  • Oct 13, 2020 2:37am Oct 13, 2020 2:37am
Quoting skyf
{quote} The not allowing trade over the weekend for funded account is a real concern. Very limting for some strategy.
I think it is always assumed there can be a Monday gap which I agree but what is disappointing is that they also assume a Monday gap will most certainly work against you.

Can't do anything about it. They may want to reduce their anxiety by turning the lights off on Friday n go home and not have to worry that the sky is going to fall crack of dawn Monday morning. I guess it's their shop n it's their rule.

You know there are a few other sites who do allow weekend holding? Their shop rules n other specifics may vary tho.
So far there is always something that sucks with the rules of each place. Not found a plugin yet....so, I'm plugging into myself. .........crappppp, that sounds bad..
  • #4,146
  • Oct 13, 2020 2:50am Oct 13, 2020 2:50am
Quoting skyf
{quote} The not allowing trade over the weekend for funded account is a real concern. Very limting for some strategy.
no smart prop firm would allow you to do that. You can always close trades on friday and open the same on monday if you are so confident in your long term trades, some will be in a small loss some in small win because of the weekend gap.
Anything above the line is an uptrend, below the line is a downtrend.
  • #4,147
  • Oct 13, 2020 3:49am Oct 13, 2020 3:49am
Quoting Degolep
{quote} no smart prop firm would allow you to do that. You can always close trades on friday and open the same on monday if you are so confident in your long term trades, some will be in a small loss some in small win because of the weekend gap.
100% spot on. It's not about the random anomalies of trading that allow for longer term success. Yes, it does work against someone who is trading daily or weekly for a living, but majority of people aren't and with monthly profit splits, there can just be too much left out of floating equity afterwards. Better to have a blanket decision not to allow it and focus on profitable traders that can trade with the conditions they prefer.
The best strategy is a profitable one.
  • #4,148
  • Oct 13, 2020 3:51am Oct 13, 2020 3:51am
I think somebody already said it in a different way...I'm rephrasing tho: Put up, shut up and put out or move on.
  • #4,149
  • Oct 13, 2020 3:54am Oct 13, 2020 3:54am
Quoting OutThere
{quote} but what is disappointing is that they also assume a Monday gap will most certainly work against you.
With no max lot allocation and a margin of 100:1, what responsible firm wouldn't think risk management and consider losses first? Gaps are unpredictable so its smart to lean on the side of caution.
The best strategy is a profitable one.
  • #4,150
  • Oct 13, 2020 4:15am Oct 13, 2020 4:15am
Quoting AnRan
{quote} With no max lot allocation and a margin of 100:1, what responsible firm wouldn't think risk management and consider losses first? Gaps are unpredictable so its smart to lean on the side of caution.
You should put your question to the sites that do allow it. I don't know everybody's max lot allocation and margin.
  • #4,151
  • Oct 13, 2020 4:24am Oct 13, 2020 4:24am
Quoting OutThere
{quote} You should ask that from the sites that do allow it. I don't know everybody's max lot allocation and a margin.
Doesn't seem like you know much at all, especially in terms of risk management. By your reply it seems your risk management is somewhere along the lines of "hope" and "Oh, but c'mon!".
The best strategy is a profitable one.
  • #4,152
  • Oct 13, 2020 4:27am Oct 13, 2020 4:27am
Quoting AnRan
{quote} Doesn't seem like you know much at all, especially in terms of risk management. By your reply it seems your risk management is somewhere along the lines of "hope" and "Oh, but c'mon!".
Sorry but by your reply it seems you know nothing about my risk management.
Maybe you can start a risk management thread and teach everyone what risk management is.
  • #4,153
  • Oct 13, 2020 4:34am Oct 13, 2020 4:34am
Quoting OutThere
{quote} Sorry but by your reply it seems you know nothing about my risk management.
Lol, okay.
The best strategy is a profitable one.
  • #4,154
  • Oct 13, 2020 8:43am Oct 13, 2020 8:43am
Quoting SKLearn
{image}
gambling at it's finest
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
Determination + Persistence = Success
  • #4,155
  • Oct 13, 2020 9:45am Oct 13, 2020 9:45am
Quoting OutThere
{quote} Thanks. Yup, my trading is a continuation event for me. The market is a continuing beast. Any such removing parts of it hinders the outcome. My style of continuation trading and not interrupting the flow is that way because I like it so. That includes holding tru overnight and weekends and the best part is going tru the news, tweets and whatever else I as the trader decides. As such, FTMO in particular is more limiting than some others even tho the others aren't so hot either. You know, they say trading is an art. There are 2 kinds of artists....
lmao hahaha OutThere is a friggin troll... i've been losing my mind reading all the meaningless faux wisdom crap he's been spewing in the last 4 pages and then i get to this one where he differentiates between an "artist" and a "commercial artist" ......in the financial industry/field? where the end goal is to do all you can to make the most amount of money possible? hahahaha who the fuck cares about your inane non existent "purist views"?

i can't believe what i'm reading.

You continue to expose yourself with each post as you continue to suggest that the only real reason you have any qualms with FTMO is that you're incapable of performing well or even performing at all given their targets and risk parameters, The sad part is that you try to mask it with other dumb points that don't even make sense.

who cares if the demo accounts are linked to Live billion dollar account? How is that my business as a trader who is under contract to manage a hundred thousand WHICH agreed to manage?

how is this any different from any major multimillion or multi billion company? you're employed to do a job and earned a predefined wage based on your immediate results. Are you that naive to think that there isn't a possbility or certainty that your job is bringing in a million more dollars than what you are being paid? That's how it works buddy.


lmao this is crazy
  • #4,156
  • Oct 13, 2020 9:47am Oct 13, 2020 9:47am
Quoting SKLearn
{quote} gambling at it's finest {image}
great work,

It is not gambling but accurate level trading.
Intraday only.
  • #4,157
  • Oct 13, 2020 9:50am Oct 13, 2020 9:50am
Quoting IveGotQuads
So far so good, been able to get back to around breakeven from draw-down week. I'm learning a lot in the heat of the moment and confirming that my system is actually compatible with FTMO's parameters. {image} {image}
lol wow nice recovery. The determination to hold on and continue is commendable.
  • #4,158
  • Oct 13, 2020 9:58am Oct 13, 2020 9:58am
Quoting OutThere
{quote} Sorry but by your reply it seems you know nothing about my risk management. Maybe you can start a risk management thread and teach everyone what risk management is.
lmao be honest Man, you can't manage risk properly if you think 5% daily loss limit and 10% max is too tight. If FTMO traders are all prostitutes, then you're just the unattractive flat assed broad who couldn't make the cut.
  • #4,159
  • Oct 13, 2020 10:09am Oct 13, 2020 10:09am
Quoting Koop
{quote} lmao be honest Man, you can't manage risk properly if you think 5% daily loss limit and 10% max is too tight. If FTMO traders are all prostitutes, then you're just the unattractive flat assed broad who couldn't make the cut.
Koop, he got you all worked up. He got one up on you. Do not be a sukka. Let him spew...it is funny at times, especially his in depth analysis about the whoring business.
  • #4,160
  • Oct 13, 2020 10:32am Oct 13, 2020 10:32am


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