5ers Trader vs. Independent Trader

Member pipmaster77 and I had a discussion regarding trading under the system of The 5ers vs. trading own money.

He wants to participate in The 5ers program by depositing $875 and get rich very quickly. He has challenged me to match his investment in kind except that instead of participating in The 5ers program, I trade the $875 in my own personal account.

He will be bound by the terms and conditions of The 5ers and I will have no conditions. I can choose any leverage, trade size or TP/SL that I desire because that kind of freedom comes with trading independently. No limits on DD on a daily basis or at any time for me either. I set the rules or break them at will.

There is no bets involved in this competition and there is no reward either. It's just going to be an "I TOLD YOU SO" competition. He thinks there is an advantage in getting funded by The 5ers and I think I can trade that money on my own without the need for being funded.

I don't fully understand The 5ers program. Apparently he can withdraw his profits monthly and also double his funds every time he gains a 10% profit increase. I suppose the sum of his withdrawals will be what he will have to show for his account gains and that is that. Apparently, he will have no ability to withdraw anything else from the account other than his monthly gains.

I, on the other hand plan to just keep my profits (if any) and reinvest them within the account.

We have set a timeline of 14-15 months or so. He sees himself reaching a 1.28 million funded account within that time and is hoping to withdraw 2-4K per month shortly and maybe more and more as his account gets bigger. He sees my account grow within that time frame to about $1350 or something like that hence his claim of superiority in trading within a funded environment.

I am really not as confident about that sort of sharp increase in my account as his, but I have hopes for a steady humble upward curve.

I have no idea how he is going to display his trading results but I am not really into setting up a TE or MFB with trade analysis and screenshots and constant updates etc. I am fine with an MFB account that he only can check to make sure I am telling the truth and I expect the same but he can do whatever he wants with his reporting of his progress.

It could be a boring thread here on my behalf but, pipmaster77 is full of energy and enthusiasm and is really pumped up about getting just about every funder under his command and exploit their generosity of doling funds to him. Me says: Meh!

So, I am waiting for pipmaster77 to get back to me on a start date now. I prefer a beginning of the month start but if pipmaster77 is a go ASAP, then be it.

Both you guys should not take it as a competition. Just trading with 2 different routes of funding. If one of you made claims then do your best to attain those targets. Let the journey begin. Good luck guys.

Thanks for the advice.

No, I'm not taking this as a competition. I'm going to transfer $875 from my real account and put it in a new account and trade it exactly like I was before. It does not make any difference to me. Also, the timeline is so long...it's almost a lifetime in trading terms lol.

I am a month worth of time away from qualifying for Axi's funding deal in my current account but with the creation of this new account, maybe I can have 2 accounts funded by Axi. I am not sure if that is allowed but even if it is not, it doesn't matter. So, if nothing at all, at least I have a side purpose for this new account.

Also, our trading styles are so different that we could not be considered in the same league at all. It's going to be night and day.
I noticed pipmaster77 has already passed 2 FTMO challenges and I also saw that he trades big lots.
I have never attempted FTMO and my trading is close to a turtle moving uphill with a sprained back leg.
There is a good chance he will leave me in a cloud of dust from the get go.

As I mentioned before, this will not effect me in any way but maybe I'll learn something from it.
Maybe I am all wrong about the 5ers and they do give their traders wings to fly with.

Well, let's see what happens.

Looks like start day will be March 01.
zzzzzzzzzz until then.

well , by math he going to win:
he pay 875$ then he need to make 1400$ at evaluation , then he get back 700$ and move to 80k account with 3200$ max DD so he can re-invest that 700$ again in other account with the5ers or deposit it in personal account.

at your case you start with 875$ and you make also 1400$
so
875+1400=2275$ for you.
3200$ + 700$ = 3900$ for other member. so he is the winner.
you can calculate next steps i feel lazy to delve in it.

None of those things matter. Not right now.
Step 1 is to make enough money to pass the evaluation.
This is like I am in the evaluation except that I have no restrictions.

If I can't pass the challenge without restrictions, then I can't do anything.

If I can't pass the challenge without restrictions, then I can't do anything.
I will be a trading school failure like just as that fellow trader that accused me of.

I tell you right now, it is not true. I didn't fail a trading shool. Ever.
It is not true because I never went to any trading schools.

Maybe the school of 'going by the seat of my pants' school.
Or 'Try this to see if it works' school.
Or 'If this doesn't work, I'll have to look for something else that does" school.

None of those sound like a proper school.
Story of my life.


Anyways, I think with the $875 plan and 1:6, you have to make $1400 or 7% of $20.000
I haven't got $20,000 in this account, so to me, 7% is $61.25. Isn't it to you?

If I am to make $1400, that is 160% because $1400 is 1.6 times the $875 that I have access to and is my DD limit.

So, that is the goal. The first goal.

When I have the account ready, it is going to have Balance=$875. Equity=$875 and Free Margin=$875.

When pipmaster77 gets his account, it will have Balance=$20,000. Equity=$20,000 and Free Margin=$20,000 (I think).



I definitely think of myself as the underdog here.
But I'm ready. It's going to be exciting.

No one ever has challenged me to a live contest. Not that I can remember...and I have been around quite a while.
I just couldn't turn it down.
It's not because I think I am a damn good trader or I want to prove my superiority in trading or even that I want to prove a point
about The 5ers being a good option or not.

It is about learning something.

Fortunately, I won't have to step away from my comfort zone. (maybe a little) It's just trading another account.
What I like to learn is watching pipmaster77 do his magic.
I hope he posts enough sceenshots or at least explains a thing or two.
Maybe I'll just have to guess but trading a $875 account that you have to pretend is 20K is not easy.
Actually, for him it is only $800.
So, $19,200 of his 20K account is like it doesn't even exist. I mean for all practical purposes, It does not exist.
It does not exist.

Alright, I think I already mentioned that it does not exist. That brings me back to the learning part.
I like to learn what I can do to make the money that does not exist to help me trade it.
It will definitely has to be considered an art to firstly take something like $20,000 and squeeze an extra $1,400 out of it but
it gets even more epic when you have to consider that it is all about squeezing $1400 out of $800 while pretending to be the guardian of $20,000.

The ability to do so is a mental power gift that is worth at least $19,200.
If you have that ability, You are also the guardian if $200,000 or even $2,000,000 account because. you can only use $800 of all that money regardless.
So, in your mind, you can be a trader let's say with an account of 20 billion under your management. But with the little detail that you can have only an $800 DD.

You definitely have to think big while being small.
Who knew that was an ingredient of success in FX trading.

I am going to pretend I have $200 in my wallet when I have $20.
I am driving a Ferrari when I drive a Toyota.
I have muscles like Thor when I have.....never mind, I do have muscles like Thor.

It could be a really good confidence maker to have a big, able and strong power behind you everywhere you go and everything you do, even if that power is just in your mind.

But maybe it is not just in the mind.

That's what I'm hoping to learn out of this.

Dealing with Robots

Wow. A robot movie in full.

My Name is Kara

Damn , March 1st couldn't come sooner

1- February is a short month.
2- It's not a leap year.

==> Sooner.

Are we all set for Monday? I plan on putting up a TE (if I can link the 5%ers to it). Trades will be private, but it will show all relevant info necessary for this thread.

Account is ready and funded.
I doubt I'll put a TE.
I might start a MFB account and post some screenshots.

If you have doubts, you can voice them out and I will prove to you that you are wrong by appointing a 3rd party trusted trader from this forum to check my MFB.

You can post a TE or do what you want.

I'm the guy in yellow and pipmaster is the guy in red.

Yeah, I wish. I'm only aiming for 3-4% per month. This is all that is needed to turn my $875 into a 1,280,000 trading asset, while along the way, I will pull out 92K in profit splits. Compound and take profit at same time. Trade explorer is up.

Is there any way of attaching the Trade Explorer to this thread? I checked in settings it doesn't appear as if it can be done. Anyone know any tricks to make that happen?

Okay, I attached you.
You need to click the sync button to update your TE.

Not doing as well as pipmaster but working on it

Equity just above BE.