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Anyone trading with a Prop firm 4 replies

prop firm new model - my trading journey 871 replies

So I accepted a Prop Trading job in South Beach Miami 43 replies

Attachments: Prop Firm Hub
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Prop Firm Hub

City Trader's Imperium rolled out their "coveted" and highly touted Funded Trader 2.0!!! Imho, as expected, a complete and epic fail.

They added gold indices to the evaluation, increased "relative" drawdown to 5%, and decreased the target to 7%. A step in the right direction but their pricing isn't competitive at all.

They also added a direct funding option but again, their pricing is laughable.

Also, still no trader's dashboard.

Details below for those that are interested.

EVALUATION
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DIRECT FUNDING
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Pride always comes before destruction.... -Proverbs 16:18
Quoting Expo33
{quote} 1) Phenomal spreads 2) Good 3) Used debit card, instant processing 4) 6 hours 5) No problems 6) Nothing noticeable 7) Good 8) Very basic could use an upgrade 9) Good for me
Thanks a lot.

Intraday only.
Quoting navk
{quote} Thanks a lot.
You're welcome.

It would be nice if they had live customer service but most prop firms don't. I rarely need anything but when I do I find chatbots useless and waiting for answers after sending a message isn't one of my strong points.
Pride always comes before destruction.... -Proverbs 16:18
Quoting bojack34
{quote} Question......if you could have a 100k account with any Prop firm of your choice and you got to keep 75% or 80% of the profits........OR......have 100k of your own money in your trading account and keep 100%. Which would you prefer? I know for me....100000% of the time I choose the Prop Firm. At any giving moment the market could jump right over your SL and take your entire account. I know that if i'm trading someone elses money the worst I can do is lose my fee.
One of the biggest advantages is exactly this. I know folks who lost entire accounts during SNB event, and they were on the right side. With a prop firm, you simply start over, to me the time is more of a hassle than the fee.
At this point in time I might just go ahead with making my own prop firm. I have the capital and I have the ego.... Whos in? I could probably do programs that beat all listed in this thread and my website will be in 420p so it will put me in the top 5.....
Quoting Takisd
At this point in time I might just go ahead with making my own prop firm. I have the capital and I have the ego.... Whos in? I could probably do programs that beat all listed in this thread and my website will be in 420p so it will put me in the top 5.....
TBH, if you're background with brokers and LP's is even 50% of what you claim, I'm in. Folks are joining companies blindly, some of them run by people whose background we don't even know or even worse, watching an interview from their one bedroom apartment....yeah...here's my money!!!! lol
Quoting pipmaster77
{quote} TBH, if you're background with brokers and LP's is even 50% of what you claim, I'm in. Folks are joining companies blindly, some of them run by people whose background we don't even know or even worse, watching an interview from their one bedroom apartment....yeah...here's my money!!!! lol
thanks for the compliment, but since I don't want to risk 1 mio of my capital I'd prefer only people I can b book to start hahahahaha.... Jk... its an idea though, maybe I'll go ahead with it, could probably have it ready by september.
Quoting Takisd
{quote} thanks for the compliment, but since I don't want to risk 1 mio of my capital I'd prefer only people I can b book to start hahahahaha.... Jk... its an idea though, maybe I'll go ahead with it, could probably have it ready by september.
Just set it up like the 5%ers (regular model) or CTI or LUX and charge a fee higher than the DD you're giving. You risk nothing, they fund their own account and you keep 50%. However, I'm not in on that one lol.
Quoting pipmaster77
{quote} Just set it up like the 5%ers (regular model) or CTI or LUX and charge a fee higher than the DD you're giving. You risk nothing, they fund their own account and you keep 50%. However, I'm not in on that one lol.
I would think that there is a way to set up like MFF accelerated but slightly more generous and just a-book and make in various ways but the revenue from my calculations would be too little to actually hire people and as we know from the various threads, if you suffer on support, traders are bitches.
Love to hear some comments on this
Inserted Video
Quoting MoxFulder
Love to hear some comments on this https://www.youtube.com/watch?v=AOTpECShf_U
They just disappeared overnight. It was posted in this thread when it happened.
Quoting Koop
{image} I like the part where Blake says he asked them repeatedly in the interview if they were legitimate and they said "Yes". No shit Sherlock, i guess if they were really a scam they would have said 'No"
And then Blake saying well I asked them if they were legitimate and they said yes and the affiliate commission was just to good to pass up.
I am done guys.

Today is actually 6 th day trading day. Frankfurt/London not yet open.

Balance 4 days to trade, I will trade micro lots and be with that.

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Intraday only.
Quoting pipmaster77
{quote} They just disappeared overnight. It was posted in this thread when it happened.
Just a heads up for anyone stupid enough as i was to go with traders prop.
If you paid with Paypal, put in a complaint and get a refund. I received mine today.

regards
Geoff
Quoting bojack34
{quote} Question......if you could have a 100k account with any Prop firm of your choice and you got to keep 75% or 80% of the profits........OR......have 100k of your own money in your trading account and keep 100%. Which would you prefer? I know for me....100000% of the time I choose the Prop Firm. At any giving moment the market could jump right over your SL and take your entire account. I know that if i'm trading someone elses money the worst I can do is lose my fee.
Yes it's close to a no brainer.

Masterrmind ........
Master your Mind then Master your Trades
PUBLIC SERVICE ANNOUNCEMENT

My FX Book will not Fully Verify FTMO accounts anymore, because "FTMO IS NOT A BROKER"

So you can NO Longer show accounts Publicly, Only by Private URL.


You can only Verify Trading Privileges , but not Track Record .



(I refreshed the MT4 Investor Password several times over many days - don't be like me)
BTC/USD Trend Following EA Beta Testing All Time Return: 66.6%
Quoting Phil_GMT
PUBLIC SERVICE ANNOUNCEMENT My FX Book will not Fully Verify FTMO accounts anymore, because "FTMO IS NOT A BROKER" So you can NO Longer show accounts Publicly, Only by Private URL. You can only Verify Trading Privileges , but not Track Record . (I refreshed the MT4 Investor Password several times over many days - don't be like me)
Good to know but not critical.

We all know they are not a broker.

Thanks for sharing.

Masterrmind ........
Master your Mind then Master your Trades
prop firm is just eye catching advertisement, nothing else actually we re trading with our money they dont invest any thing, infect with our own money we can do better i tried 5ers both the time penalized for not putting sl in 5 minutes then i stopped and calculated what will happen if i try with the subscribers fee and just compound the profit to match the payout like them.

lets say, we pay the fee for 10k acc is 450 usd, and to go next level we need to make 600 usd in 6 month. means 100 usd per month ( we can get early but for safe move 1% per month bcz if we reach 4% they will cancel the trading) and after that w will get 300 from 600 and will get 40k and target is 10% means 4k no time limit and after every 10% growth we will get double fund.

so i tried to calculate all the steps in xl and found intial stage we need to earn little big % which is 27% and gradually it will go down.

please check below
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Quoting Expo33
{quote} You're welcome. It would be nice if they had live customer service but most prop firms don't. I rarely need anything but when I do I find chatbots useless and waiting for answers after sending a message isn't one of my strong points.
FT website says :

Yes, you can hold trades during news releases.

Does it mean one can not open or close trades during news ?

It is better to get clarified in writing.
Intraday only.
Quoting inversio
prop firm is just eye catching advertisement, nothing else actually we re trading with our money they dont invest any thing, infect with our own money
Speaking in general terms about the who "prop firm" space with a bunch of varying conditions and offers, while using one package on 5ers as your only example is a little unsubstantiated don't you think?
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