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5ers Trader vs. Independent Trader

  • #41
  • Mar 10, 2021 2:58am Mar 10, 2021 2:58am
Quoting OutThere
{quote} Just a reminder that you were aiming to adjust your trading to 1:1 leverage and the 1:6 was plenty already.
you're so petty hahaha, why the hell are you going over the 5ers thread liking all of Pip's posts lol. It's not over!!
  • #42
  • Mar 10, 2021 3:56am Mar 10, 2021 3:56am
Quoting Koop
{quote} you're so petty hahaha, why the hell are you going over the 5ers thread liking all of Pip's posts lol. It's not over!!
I liked his comments cause he sounds so cocky and certain brimming with confidence, not because I think this thing is over.

BTW, this is the first time anyone has given me shat for liking a comment.
  • #43
  • Mar 10, 2021 9:16am Mar 10, 2021 9:16am
Quoting OutThere
{quote} I liked his comments cause he sounds so cocky and certain brimming with confidence, not because I think this thing is over. BTW, this is the first time anyone has given me shat for liking a comment.
Lol yeah right, going back to like cocky and confident comments from weeks ago at a time when he doesn't seem so confident anymore. Hilarious.
  • #44
  • Mar 10, 2021 10:25am Mar 10, 2021 10:25am
I saw your posts on the 5ers tread Pipmaster and as i see it so far you are 0.7-1% from failing the whole ting so mayby talk abaut how to turn this around instead off dreaming off 1.28 million ore whatever the number is....Take this as positive critism


Edit:BTW GJ can easily go 100 pips upwards in minutes....Its not called the dragon for no reason...
Insanityoing same ting over expecting different results..Einstein
  • #45
  • Mar 10, 2021 10:38am Mar 10, 2021 10:38am
MFB hasn't been updating for the past 3 hours even though everything is correct on my end.
So, here is a progress report. $100 over the deposit amount seems like a good place to update.
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  • #46
  • Mar 10, 2021 10:44am Mar 10, 2021 10:44am
I like to thank my buddy FXsniper111 for his support.
He is actually directly helping me make $'s in my account by lending real bankable technical expertise.
I could have not made it so far without his generous help.
  • #47
  • Mar 10, 2021 2:56pm Mar 10, 2021 2:56pm
Just hit the $1000 mark a few minutes ago.
A nice milestone to reach.
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  • #48
  • Mar 10, 2021 3:46pm Mar 10, 2021 3:46pm
Pip's equity curve's showing some Lower highs and Lower lows. I'll be shorting it on the next retracement
  • #49
  • Mar 10, 2021 7:07pm Mar 10, 2021 7:07pm
Earlier, I posted that The 5ers had won but I kinda was thinking of the FTMO's format where the trader does their challenge on a demo. In that format, when the trader loses their challenge, the money goes to FTMO. I don't really want to talk about the differences tho.

In reality, The 5ers didn't make any money as a result of pipmaster blowing his account other than $75 and rebates or other IB related gains.

I do feel really bad for pipmaster tho.

My advice to anyone wanting to get involved with The5ers or any other similar outfit that requires low leverage is to get a demo account with comparable leverage (usually 1:5) and practice a lot.

The lower the leverage, the higher your precision at getting it right needs to be. In a 1:100 leveraged account, you will have 16.66 times more ability to be wrong than in a 1:6 leveraged account. I don't see why anyone would want to take one shot at being right instead of a gradual 16.66 times. Even in a 1:30 account, you'd have 5 times more tries. I don't think FIFO would have made a difference to pipmaster as I don't think he lives in USA.

Anyhoo, this contest was fun while it lasted.
  • #50
  • Mar 11, 2021 2:00am Mar 11, 2021 2:00am
Quoting OutThere
Earlier, I posted that The 5ers had won but I kinda was thinking of the FTMO's format where the trader does their challenge on a demo. In that format, when the trader loses their challenge, the money goes to FTMO. I don't really want to talk about the differences tho. In reality, The 5ers didn't make any money as a result of pipmaster blowing his account other than $75 and rebates or other IB related gains. I do feel really bad for pipmaster tho. My advice to anyone wanting to get involved with The5ers or any other similar outfit that requires...
Game over! That's fast.
FTMO might be a repetition of 2008.
  • #51
  • Mar 11, 2021 2:14am Mar 11, 2021 2:14am
This contest broke my dreams.
  • #52
  • Edited 3:47am Mar 11, 2021 2:58am | Edited 3:47am
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  • #53
  • Mar 11, 2021 4:04am Mar 11, 2021 4:04am
Will there be a second round?
  • #54
  • Mar 11, 2021 11:06am Mar 11, 2021 11:06am
Quoting mixedbags
Will there be a second round?
Pipmaster's account is still alive.
  • #55
  • Mar 11, 2021 1:18pm Mar 11, 2021 1:18pm
Quoting OutThere
{quote} Pipmaster's account is still alive.
May still be alive,but 4% off 20k is 800 so very close to fail....
Insanityoing same ting over expecting different results..Einstein
  • #56
  • Mar 11, 2021 1:31pm Mar 11, 2021 1:31pm
Quoting FXsniper111
{quote} May still be alive,but 4% off 20k is 800 so very close to fail....

isnt -4% the DD limit? its dead.
  • #57
  • Mar 11, 2021 2:27pm Mar 11, 2021 2:27pm
Quoting Koop
{quote} isnt -4% the DD limit? its dead.
isnt it 850 units??

Edit:well i looked at the TE and max DD is 4.2% so have to been super close to fail ore have failed can still trade even its failed i think,can with FTMO atleast...

Edit:No you are right Koop its 800 units meaning with 4.2% drawdown he has failed..
Insanityoing same ting over expecting different results..Einstein
  • #58
  • Mar 11, 2021 2:30pm Mar 11, 2021 2:30pm
Quoting FXsniper111
{quote} isnt it 850 units??
He has 2 open positions dated Mar 11.

Pipmaster is evidently a man of few words, so we have to speculate.
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  • #59
  • Mar 11, 2021 2:31pm Mar 11, 2021 2:31pm
I Believe prop trading long term is much better than Independent Trading(unless you have lots of capital). And those rules are very strict but they are still passable. Im with T4TCapital with a 25k and I would like to challenge you , ill take off where he left. the rules are similar to 5ers.. Ill reach the 1 mil account. all it takes is patience , discipline, and initiative. oh also Experience.(if you know you know)
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SKQT - Super Kool Quant Trader
Daily Remy All Time Return: 5.6%
  • #60
  • Mar 11, 2021 2:42pm Mar 11, 2021 2:42pm
Quoting OutThere
{quote} He has 2 open positions dated Mar 11. Pipmaster is evidently a man of few words, so we have to speculate. {image}
Hes on vacation isnt he so probebly dont follow the ACCOUNT...Bold to leave with two open possisions atleast a sell on GJ is suicide...
Insanityoing same ting over expecting different results..Einstein
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