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The5ers - Trading & Growth Program

  • #861
  • Jan 11, 2021 3:47am Jan 11, 2021 3:47am
Quoting robots4me
{quote} I know how MT4 works. I know that some use demo accounts -- @the5ers uses a live account. The bottom line is they are a business. A business needs to make more money than it loses -- otherwise it becomes not-a-business. A prop firm will never lose more money than your fee -- otherwise they would go out of business because there are many more poor traders than good ones. When I go to Walmarts and buy a King-size bag of candy bars then Walmart charges me more than what they paid. If they charged less than what they paid then I would buy them...
yes absolutely correct
  • #862
  • Jan 11, 2021 4:02am Jan 11, 2021 4:02am
Quoting allinazi
{quote} yes absolutely correct
@allinazi -- thanks for understanding. Look it -- I don't know how the prop firms come up with their different requirements, but I do assume a few things:

1. They are not idiots -- their requirements are carefully thought out.

2. They are in business to make money, so whatever the rules are they must make money. Whether that money comes at the expense of clients or whether they can come up with a "sweet spot" where both can benefit, depends on the people who run the company. The market place will decide whether or not it works.

3. The burden is on me to understand their rules. If they suit my trading style or I think I can adapt, then I give them a try. Considering the time and expense I've already invested in trading, a few hundred dollars really isn't such a big deal. There was a time when I would blow more than that on an indicator.

4. I do not try to convince the prop firm to change their rules to suit me because (a) it just ain't going to happen, (b) they know a LOT more about the prop firm business than me, and (c) when I complain in a public forum it creates tension and others either politely (or rudely) point out that my light bulb is not operating at full power.
  • #863
  • Jan 11, 2021 4:49am Jan 11, 2021 4:49am
Quoting robots4me
{quote} @allinazi -- thanks for understanding. Look it -- I don't know how the prop firms come up with their different requirements, but I do assume a few things: 1. They are not idiots -- their requirements are carefully thought out. 2. They are in business to make money, so whatever the rules are they must make money. Whether that money comes at the expense of clients or whether they can come up with a "sweet spot" where both can benefit, depends on the people who run the company. The market place will decide whether or not it works. 3. The burden...
Great post!

Prop firms are giving a trader a larger access to capital than the individual can get alone. Ten percent of 10,000 is 1,000. Ten percent of 100K is 10k. That is why prop firms are prop firms. Their money, their rules. If I had one gripe about props is that they want you to pay for their "education", and then turn and contribute to their float. That is annoying. But, again, their money, their rules.
If you are good at something, never do it for free--Joker
  • #864
  • Jan 11, 2021 6:17am Jan 11, 2021 6:17am
Quoting allinazi
{quote} you arent seeing it from my point of view my program you pay 1k min and you get funded - IF i hit my dd i would lose 1000 of my money but i already have go that back so its free for me blu fx every quarter you will have paid roughly 1000 bucks of your own money you hit 10% dd you lose YOUR MONEY 5Ers you pay a free to do the trial lets say the 10k one $450 bucks if you fail you are down 450 of your own money NOT THEIRS you are still paying it from your own money ...... do you think these firms give u an actually 50k/100k/200k account? they...
If a trader pays $1,000 to your firm for a trial, and loses that money, it is their own money not yours. You are not making sense what you're saying. Same goes with the5ers, you pay a fee, you get for example 10K, you earn money within six months or a month as soon as you hit the target, that is on the contract you get more money, so you trade more and earn more. The beauty about it is everytime you make money every month, you get 50% of that money. Another good thing about the5ers is for example you get 10K, after you get 40K, than 100K and so on. If you are not happy, pull out $50K or even more out of your savings if you have that much of course, and put it with your broker and trade. The5ers offer for retail traders, what any other firm out there does not offer so far. The5ers is the best firm for retail traders for now. No one can beat their offer, NO ONE, and definitely not your firm.
  • #865
  • Jan 11, 2021 6:40am Jan 11, 2021 6:40am
Quoting Techanalyst
{quote} If a trader pays $1,000 to your firm for a trial, and loses that money, it is their own money not yours. You are not making sense what you're saying. Same goes with the5ers, you pay a fee, you get for example 10K, you earn money within six months or a month as soon as you hit the target, that is on the contract you get more money, so you trade more and earn more. The beauty about it is everytime you make money every month, you get 50% of that money. Another good thing about the5ers is for example you get 10K, after you get 40K, than 100K...

FIRST OF ALL -- WHO SAID paying 1000 for a trial?

i paid 1000 (as thats all i can afford right now ) and get 4x my deposit (so 5k account) but that's just the minimum. You are paid 50/50 first quarter then 70/30 there after

I got may pay cut and reinvested and now i have a 10k account and hopefully by 6 months 25 k or whatever who knows it will be judged on performance

NO RESTRICTION/ NO TRIALS/ NO DEMOS/ NO RULES just 30% DD

THE WAY TO GET IN is by a minimum of 3 month live track record....

THERE IS NO BEST FIRM for retail trader
  • #866
  • Jan 11, 2021 7:01am Jan 11, 2021 7:01am
again dont get me wrong i know how these firms work my query was how many guys do they have that can trade under these parameters for a t least 1 year?

i traded with blu fx for a while as well and i know roughly what their % is

im not here to say firm i trade with is better or whatever each to their own

im picking on 5%ers parameters and wanting to know the success rate of their traders
  • #867
  • Jan 11, 2021 7:15am Jan 11, 2021 7:15am
Quoting allinazi
again dont get me wrong i know how these firms work my query was how many guys do they have that can trade under these parameters for a t least 1 year? i traded with blu fx for a while as well and i know roughly what their % is im not here to say firm i trade with is better or whatever each to their own im picking on 5%ers parameters and wanting to know the success rate of their traders
You traded with blufx, so apparently it says you have no costs nothing, not responsible for any losses. Meanwhile you get $25,000 capital but you pay $99 every month and you can cancel everytime. So that tells me that if you have losses of $99 that means they will stop your account. Do you really expect anyone to believe that firms will risk their own capital without covering themselves with your fees? Come on, you know better than that. The other firm I know what you mean, they had that here in Toronto, I use to trade, you deposit 1K and you get 5K, if you lose 1K you are done. You deposit 5K you get 25K, you lose 5K and you are done. Plus you have to share profit with firm, 50/50 or 70/30. I have a live track record for years, so instead giving 1K to get 5K from some firm, I would just save my own 5K or 10K and put that money into work and build it up. Or I can pay a small fee, and build up with the5ers. I have my own private account that I have been trading for years. With the5ers it is extra money and it keeps you on track always to have a very good money management and get better at it. You see no matter what, the5ers offers the best deal there is out there for retail traders.
  • #868
  • Jan 11, 2021 7:16am Jan 11, 2021 7:16am
Quoting Techanalyst
{quote} You traded with blufx, so apparently it says you have no costs nothing, not responsible for any losses. Meanwhile you get $25,000 capital but you pay $99 every month and you can cancel everytime. So that tells me that if you have losses of $99 that means they will stop your account. Do you really expect anyone to believe that firms will risk their own capital without covering themselves with your fees? Come on, you know better than that. The other firm I know what you mean, they had that here in Toronto, I use to trade, you deposit 1K and...

you have a serious problem of reading and understanding what's written

AND WHAT MY QUERIES ARE ..... PLEASE READ UNTIL YOU READ AND UNDERSTAND WHAT I AM SAYING THERE IS NO POINT IN CONVERSING WITH YOU
  • #869
  • Jan 11, 2021 7:30am Jan 11, 2021 7:30am
Quoting allinazi
{quote} you have a serious problem of reading and understanding what's written AND WHAT MY QUERIES ARE ..... PLEASE READ UNTIL YOU READ AND UNDERSTAND WHAT I AM SAYING THERE IS NO POINT IN CONVERSING WITH YOU
You have no idea what you're talking about. Leave the thread and don't comeback, you make no sense. Stop advertising other firm on this thread. You can get banned for that.
  • #870
  • Jan 11, 2021 7:33am Jan 11, 2021 7:33am
Quoting Techanalyst
{quote} I think you have no idea what you're talking about. Leave the thread and don't comeback, you make no sense.
#
no you assumed there was 1000 for trial YOU WERE WRONG

i keep asking about success rate after 1 year that was my 1st post and the responses go elsewhere

READ WHAT'S WRITTEN AND STOP MAKING UP THINGS IN YOUR HEAD
  • #871
  • Jan 11, 2021 7:36am Jan 11, 2021 7:36am
Quoting allinazi
{quote} # no you assumed there was 1000 for trial YOU WERE WRONG i keep asking about success rate after 1 year that was my 1st post and the responses go elsewhere READ WHAT'S WRITTEN AND STOP MAKING UP THINGS IN YOUR HEAD
Leave the thread with your useless advertisement. The success rate is what you make of it. If you don't make it, does not mean the next trader won't. Stop asking stupid questions.
  • #872
  • Jan 11, 2021 7:39am Jan 11, 2021 7:39am
Quoting Techanalyst
{quote} Leave the thread with your useless advertisement. The success rate is what you make of it. If you don't make it, does not mean the next trader won't. Stop asking stupid questions.
hahah what an answer,,
  • #873
  • Jan 11, 2021 7:41am Jan 11, 2021 7:41am
Quoting allinazi
{quote} hahah what an answer,,
Alli shut up.
  • #874
  • Jan 11, 2021 7:42am Jan 11, 2021 7:42am
Quoting Techanalyst
{quote} Alli shut up.
why so angry?
  • #875
  • Jan 11, 2021 7:43am Jan 11, 2021 7:43am
Quoting allinazi
{quote} why so angry?
No anger you're just useless here. Stop stretching your non sense.
  • #876
  • Jan 11, 2021 7:44am Jan 11, 2021 7:44am
Quoting Techanalyst
{quote} No anger you're just useless here. Stop stretching your non sense.
No you are angry because i have proven that you are incompetent of reading what's written.. and making things up in your head
  • #877
  • Jan 11, 2021 7:45am Jan 11, 2021 7:45am
Quoting allinazi
{quote} No you are angry because i have proven that you are incompetent of reading what's written.. and making things up in your head
You have not proven anything as you are still stretching your nonsense. Shut up Alli.
  • #878
  • Jan 11, 2021 7:48am Jan 11, 2021 7:48am
Quoting allinazi
{quote} you arent seeing it from my point of view my program you pay 1k min and you get funded - IF i hit my dd i would lose 1000 of my money but i already have go that back so its free for me blu fx every quarter you will have paid roughly 1000 bucks of your own money you hit 10% dd you lose YOUR MONEY 5Ers you pay a free to do the trial lets say the 10k one $450 bucks if you fail you are down 450 of your own money NOT THEIRS you are still paying it from your own money ...... do you think these firms give u an actually 50k/100k/200k account? they...
Fantastic answer. That really put it into a different perspective. If only everyone saw it like this!
  • #879
  • Jan 11, 2021 7:55am Jan 11, 2021 7:55am
Quoting allinazi
{quote} hahah what an answer,,
I'm in my second week with 5%ers, been with FTMO since June (funded in September). This is just a wild guess.....but I bet the success rate is that of any other prop firm which is the same as anyone trading their own personal account. If you understand money management and risk, you can be successful, if you don't, you won't. I can tell you one thing, whether prop firm or personal account, clawing your way out of 30% DD would require such position sizing, it will take forever to get out of. If you don't adjust position sizing, you'll find yourself at 50-60% faster than you got to 30%.
  • #880
  • Jan 11, 2021 8:05am Jan 11, 2021 8:05am
Quoting allinazi
{quote} # no you assumed there was 1000 for trial YOU WERE WRONG i keep asking about success rate after 1 year that was my 1st post and the responses go elsewhere READ WHAT'S WRITTEN AND STOP MAKING UP THINGS IN YOUR HEAD
@allinazi -- you've stated your opposition to @the5ers -- I don't see the point in pursuing it further. As for your question about their success rate, how would anyone here have the slightest clue. If I had a question like yours and really wanted to know the answer (and not just post on a public forum for the attention) you know what I would do? I'd go to @the5ers web site and use their "Contact Us" link and ask them. Here's a link -- scroll toward the bottom and you'll see a form where you can contact them and ask your question: https://the5ers.com/
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