5ers Trader vs. Independent Trader

Quoting Erpthetrader

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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) {image}

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Quoting Erpthetrader

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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) {image}

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Quoting OutThere

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{quote} Wow. I'm not the avenger against the prop trading movement. What is in it for me to do so? Every time prop trading and the name of one them ever fast growing ready-to-fund-you-at-your-expense websites pops up, I end up basically participating in promoting them by saying anything negative or positive. I think some smart person soon is going to have ready made $400/year website money churning templates. For $400 a year, you too can become a member of the funding industry and cash in on the great trader wannabe's. So, no thanks.

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Quoting FXsniper111

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{quote} 0.6-0.7% in 41 days isnt much what is the target and how long you have....Fast counting i came to 41 days may be off a day ore two..

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Quoting Koop

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{quote} lol i think that's what's going. www.dt4x.com practically has the exact same template as FTMO. These days there are "prop firms" operating out of telegram. shit show.

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Quoting OutThere

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{quote} Wow. I'm not the avenger against the prop trading movement. What is in it for me to do so? Every time prop trading and the name of one them ever fast growing ready-to-fund-you-at-your-expense websites pops up, I end up basically participating in promoting them by saying anything negative or positive. I think some smart person soon is going to have ready made $400/year website money churning templates. For $400 a year, you too can become a member of the funding industry and cash in on the great trader wannabe's. So, no thanks.

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Quoting Erpthetrader

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{quote} You made the thread not me lol , I just firmly believe with you only starting off with 875$ , I rather put that ina prop firm because at the end the day the Prop trader will make more than the independent. Its ok though I will track my performance and post them right here for you

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Quoting FXsniper111

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I did the challenge with FTMO in 11 days and almost done with verification i had 1.4% to target and failed on the biggest move i ever seen on NQ and i aweraged in to soon and it blew trew my equity SL and failed with 23 cons..Days in profit,,,But i learned a lot made me a much better trader....If Pipmaster has failed he had one ore two days in profit after that in DD the whole time----And total off 11 days off the 180 he had disposeble....Way to much risk with that DD limit...

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Quoting Erpthetrader

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You made the thread not me lol , I just firmly believe with you only starting off with 875$ , I rather put that ina prop firm because at the end the day the Prop trader will make more than the independent. Its ok though I will track my performance and post them right here for you

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Quoting FXsniper111

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{quote} The rules for T4T are way better than the 5ers.....You have unlimited time,1:10 leverage instead off 1:6 and the loss is 4% and grow for each day off the week if in profit until next monday then back to 4% also the fee for 25k is only 125 dollars i actually consider to try one with them myself,but MFF is coming with crutual changes the 19th off march that is to blow away all other props so i will wait to see what they come up with.... EDITPipmaster is still trading he closed the GJ with a loss off 25.9 pips...

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Quoting Koop

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{quote} wait, where did you see the MFF news? Would the live account still have the option of bi-weekly payments and a better profit split?

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Quoting FXsniper111

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I am not sure yet it was a trader in our Discordgroup that had gotten the info early and he posted screenshots,but to small to read....I guess there will be monthly payouts ore mayby they will keep what they have now with every 14 days if i remember correctly...I will ask him and come back with the info if he has it... EDIT:Its nightime here so will get answer tomorrow i hope EDIT:MFF will make the info public the 19th of march... EDIT:The profitsplit will be 50% with 50:1 leverage...

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Quoting pipmaster77

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{quote} OK, I have a challenge for you. ...

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Quoting BWilliam

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{quote} What's MFF?

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Quoting OutThere

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I was aiming for 10%/week but I overshot. {image}

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Quoting Koop

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{quote} Wow 42% drawdown. Don't totally understand how to read that chart, but i'm guessing it was most likely equity DD? (Edit - Oh yeah it was, just noticed the distinction) Nice gains!!..... i guess Independent trader wins THIS CONTEST, as he has proven that not only does tiny leverage hinder long term growth, too tight of a DD limit could as well. All Hail OutThere!!

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