Does any of you know any prop firms that actually gives you live account, with real money, after you get funded?
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} I'm wondering why do you think Tier1fx is dodgy? Actually I'm considering to enroll into LUX programme. Targets are very reasonable (nothing like 10% in 20 days), rules are also quite reasonable ( nothing like trade only Mon, Wed and Thu after the lunch like FTMO and co. ). Agree, their support is very responsive. I'll give them more time to show up who they are, and eventually will start with themIgnored
DislikedOne I may or may not consider in the future is Funded Trading Plus. They currently have 3 pricing models: $60000 for $600 fee; $100000 for $800 fee; and $500000 for $1200 fee. The trader has to manually enter setups in the Talented Trader Program Portal with a minimum 25 pips stop and the portal will automatically place a 2:1 target to stop level. If you place a 25 pips stop the portal will assign a 50 pips profit target, place a 30 pips stop and a 60 pips target is assigned and so on. So what the Prop Firm is looking for here is a series of setups...Ignored
Disliked{quote} Are you sure you understand Lux minimum trading days rule... Its gonna take u min 7 months to get to d last stage thats assuming ur strategy give u signal every day and u hit d targets of each stage within d minimum trading days and u can't do 0.01 lot or infact any disproportionate lot size to fill in for trading days ... All that stress for 65% And dnt be fooled by their 6% profit target because u have 4% relative dd ...Emphasis on that dangerous word called "relative"Ignored
Disliked{quote} Trading should be a marathon not a sprint my friend. What's the problem with 29 minimum days? Re. 4% DD, this requirement exactly suits my personality perfectly. I prefer very low DD on my accounts as well. I see it this way (it's my personal opinion, everybody has one): All these programs, that require you to make 10% in 20 trading days (30 calendar days) only show, that they do not want the best or good solid traders, they only target your wallet for the fees. The more trials, the better. It's pure gambling. I do not claim it's not possible...Ignored
Disliked{quote} Trading should be a marathon not a sprint my friend. What's the problem with 29 minimum days? Re. 4% DD, this requirement exactly suits my personality perfectly. I prefer very low DD on my accounts as well. I see it this way (it's my personal opinion, everybody has one): All these programs, that require you to make 10% in 20 trading days (30 calendar days) only show, that they do not want the best or good solid traders, they only target your wallet for the fees. The more trials, the better. It's pure gambling. I do not claim it's not possible...Ignored
Disliked{quote} Just sayin', 8% monthly is 20 pips daily with only 2:1 leverage, 10% is 25 pips. This only needs to be done once. After you do it, you are IN WAY BETTER POSITION than any of those scaling models.Ignored
Disliked{quote} Check ur maths properly... If u claim u can do 6% with 4% dd then do u knw its easier to do FTMO 10% target with 10% max dd 2.5*4%[lux max dd]=10%[Ftmo max dd] 2.5*6%[lux target]=15%[ftmo profit by extra 5%] U can only say the 20 days max trading days is too short for ur strategy which means u trade daily candles and above And that prop firms want 10% in 20 trading days doesn't mean they want to steal ur fees it means they prefer "quick turnover" type of traders i.e day traders ... Companies pay monthly expenses and they are not gonna wait...Ignored
Disliked{quote}
And that prop firms want 10% in 20 trading days doesn't mean they want to steal ur fees it means they prefer "quick turnover" type of traders i.e day traders ...
Companies pay monthly expenses and they are not gonna wait for u to hold a trade for weeks to make jst 1-3%Ignored
Disliked{quote} I did not do any calculation Immortal, so my math could be hardly wrong, and I did not tell I hold trades weeks; I do not trade daily candles at all. Can you tell me what's the point to have a 10%/20days rule? I know, it's required only 1st month etc. But what's the rationale for that? {quote} I do not think that any company would require you to make 10% a month. As I said, it's a pure trap for cowboys and wannabe traders who want to be rich quickly. And I know no one pushes anybody to take their evaluations; we are all adults. Furthermore,...Ignored
DislikedJust bought the Buoytrade "one foot in the casino" thingy for $67.50. Love the model. Like going out for a night of blackjack at the casino with a $100. Either you go home with piles of cash or you go home with zero and had a great time.Ignored
DislikedBy the way, Any one of you 5ers summer plan guys crossed over to stage 2 yet?Ignored
DislikedBy the way, Any one of you 5ers summer plan guys crossed over to stage 2 yet?Ignored
DislikedBy the way, Any one of you 5ers summer plan guys crossed over to stage 2 yet?Ignored
DislikedThose who decide to go for Myff challenge must remember that your daily DD is calculated on equity AND balance. So if you take a 20k challenge you cannot lose more then $1000 at any time. With Funding Talent and FTMO, if you make say 1% on the day, you can lose 6% and still be OK on the day. That is actually a very big benefit which is why I prefer FT Had I gone for Myff I would have been knocked out already.Ignored
Disliked{quote} Wrong, MFF and FTMO if you make 1%, your daily draw down goes to 6%, asked that many times cause that is how I workIgnored