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  • #18,641
  • Aug 17, 2023 5:06am Aug 17, 2023 5:06am
Quoting OutThere
{quote} Don't believe everything you read on internet.
Don’t be so negative all the time, I believe Takisd , I hope you learn something from him as I do .
  • #18,642
  • Aug 17, 2023 5:16am Aug 17, 2023 5:16am
Quoting Takisd
{quote} They already stated they expect higher failure rate from unlimited due to less people last minute going all in.
What's the rational behind ? Before, people would do a coin flip with 50/50 and now they will try to recover slowly with less than 50/50, because most traders are losers ? Probably makes sense.
  • #18,643
  • Aug 17, 2023 5:45am Aug 17, 2023 5:45am
Passed phase 1 today with myfundedfx.

This is my first sign up with myfundedfx

Signed up on 14 th august
Attached Image (click to enlarge)
Click to Enlarge Name: Myfundedfx pass.png Size: 34 KB
Intraday only.
  • #18,644
  • Aug 17, 2023 7:14am Aug 17, 2023 7:14am
Quoting navk
Passed phase 1 today with myfundedfx. This is my first sign up with myfundedfx Signed up on 14 th august {image}
you pass challenges very quick like within 5 trading days
what is your risk reward ratio
and how you be so confident in taking trades, don't you get fear that what if my sl hit..
why you are hurrying in taking big lot and why not going with small lots??
what's your psychology and how much experience you have??
  • #18,645
  • Aug 17, 2023 7:17am Aug 17, 2023 7:17am
Quoting genuine007
{quote} you pass challenges very quick like within 5 trading days what is your risk reward ratio and how you be so confident in taking trades, don't you get fear that what if my sl hit.. why you are hurrying in taking big lot and why not going with small lots?? what's your psychology and how much experience you have??
Nav has plenty of experience, been in the game a long time. Top trader
  • #18,646
  • Edited 8:24am Aug 17, 2023 7:46am | Edited 8:24am
Quoting T721
{quote} Nav has plenty of experience, been in the game a long time. Top trader
I do see that some are comfy with bit wild style tradings and even works for them using prop firms at least. Like fits their psyche. Even if they might loose the account within some week or weeks. Profit is for sure still gained. Considering how quick the markets change the behavior at least the volatile ones required for prop firms to pass challenges normally. I would say its quite a clever method and maybe the best in end to be used with prop firms. Personally I would advise any newbie against trying it tho.

Since it would for sure make you end up in major losses in end as some do. Because you need to adapt to market the current condition. Then go total ham on it til the market doesnt change again. Then lose account do same again. But it means to time it somewhat perfectly the moment the market do change and then ride on that wave til it all crash. Thats my guess at least using that method.
  • #18,647
  • Aug 17, 2023 7:52am Aug 17, 2023 7:52am
Quoting labu
{quote} I do see that some are comfy with bit wild style tradings and even works for them using prop firms at least. Like fits their psyche. Even if they might loose the account within some week or weeks. Profit is for sure still gained. Considering how quick the markets change the behavior at least the volatile ones required for prop firms to pass challenges normally. I would say its quite a clever method and maybe the best in end to be used with prop firms. Personally I would advise any newbie against trying it tho. Since it would for sure make...
Nav has passed some challenges in 1 day... but you need a helluva lot of experience
  • #18,648
  • Aug 17, 2023 7:59am Aug 17, 2023 7:59am
Quoting Capablanca
{quote} What's the rational behind ? Before, people would do a coin flip with 50/50 and now they will try to recover slowly with less than 50/50, because most traders are losers ? Probably makes sense.
If someone is down 1% with 1 day to go, they will coinflip. If they are down 1% with no time limit, they wont take that gamble nad likely will drive down to the lower %ages. The only coinflip that remains the same is the ones who are close to overall DD but it means there are way less than them overall due to the days being removed.
  • #18,649
  • Aug 17, 2023 8:37am Aug 17, 2023 8:37am
Hurrying is not the problem as long as I maintain risk.

I wait...wait for set up to go with trades.

Daily candle set up
Intraday only.
  • #18,650
  • Aug 17, 2023 8:41am Aug 17, 2023 8:41am
If daily loss hits 3 %, i quit for the day.

Then next day recovery only. Slow process.

And when i see accurate set up... i trade heavy lot size ( for challenges ) with set loss limit.

Never ever i trade without stop loss.
Intraday only.
  • #18,651
  • Aug 17, 2023 10:52am Aug 17, 2023 10:52am
we should also start posting things like how we are taking trades and exiting trades
do our trades go into drawdown before it turns in our favour? if yes, then how much?
if the trades go exactly like we foresee in our head? if yes, then how many times? if no, then how many times and how we feel when something different happens?
do our trades are pin point or not? what will you do after current trades got closed? how you take next trade immediately or wait?
  • #18,652
  • Aug 17, 2023 11:00am Aug 17, 2023 11:00am
Quoting genuine007
we should also start posting things like how we are taking trades and exiting trades do our trades go into drawdown before it turns in our favour? if yes, then how much? if the trades go exactly like we foresee in our head? if yes, then how many times? if no, then how many times and how we feel when something different happens? do our trades are pin point or not? what will you do after current trades got closed? how you take next trade immediately or wait?
This thread is about prop firms. If you need trading advice, there are a lot of other threads that you can use
We don't need to invite catfight here in this thread.,, to show who is a better trader since we all trade differently, what works for one may not work for another
  • #18,653
  • Aug 17, 2023 11:16am Aug 17, 2023 11:16am
Quoting Boulder
{quote} This thread is about prop firms. If you need trading advice, there are a lot of other threads that you can use We don't need to invite catfight here in this thread.,, to show who is a better trader since we all trade differently, what works for one may not work for another
This is what I like about this thread, no one really cares if one is trading smc, ea, breakout and retest, indicators yada yada. just people discussing and dissing props.
  • #18,654
  • Aug 17, 2023 11:21am Aug 17, 2023 11:21am
Quoting genuine007
we should also start posting things like how we are taking trades and exiting trades do our trades go into drawdown before it turns in our favour? if yes, then how much? if the trades go exactly like we foresee in our head? if yes, then how many times? if no, then how many times and how we feel when something different happens? do our trades are pin point or not? what will you do after current trades got closed? how you take next trade immediately or wait?
Please don't spoil a topic, that is intended to be about prop firms, with general considerations about trading techniques, etc.

It's fine when we ask people about how many lots they use, size, if they use or not SL, if SL are tight, what is their trading style, etc. This allow us to know if people are receiving payout without troubles, based on those patterns, but going beyond that I suggest that you open a trading topic and discuss that there. Otherwise this topic will become a mess of trading stuff and information about props difficult to find. Thanks.
  • #18,655
  • Aug 17, 2023 1:10pm Aug 17, 2023 1:10pm
Quoting navk
If daily loss hits 3 %, i quit for the day. Then next day recovery only. Slow process. And when i see accurate set up... i trade heavy lot size ( for challenges ) with set loss limit. Never ever i trade without stop loss.

How much pips is your stop loss, when going heavy
  • #18,656
  • Aug 17, 2023 2:21pm Aug 17, 2023 2:21pm
Quoting Eren10
{quote} How much pips is your stop loss, when going heavy
upto 20 pips
Intraday only.
  • #18,657
  • Aug 17, 2023 3:19pm Aug 17, 2023 3:19pm
Quoting navk
{quote} upto 20 pips
That’s quite a safe distance if traded at very good places Good luck
  • #18,658
  • Aug 17, 2023 4:16pm Aug 17, 2023 4:16pm
Quoting labu
{quote} I do see that some are comfy with bit wild style tradings and even works for them using prop firms at least. Like fits their psyche. Even if they might loose the account within some week or weeks. Profit is for sure still gained. Considering how quick the markets change the behavior at least the volatile ones required for prop firms to pass challenges normally. I would say its quite a clever method and maybe the best in end to be used with prop firms. Personally I would advise any newbie against trying it tho. Since it would for sure make...
The trade set up in case is important, I mean accurate set up.

If I find a set up for which the stop loss is 20 pips, then the question is lot size.

Here is the difference, If I am comfortable to take loss 20 pips, what is wrong in my trading 12 lots ?

Of course, if I on some day, the set up fails... the next day pressure mounts to recover the loss.

For those who are not sure of set ups... will take 2 or 3 lots.

But then how long and how many times... he/she expects winning trades with 2 or 3 lots ?

So, the winning/loosing set up ratio is important, more than lot size ( atleast for challenges )

Live account.... we need to trade with no risk of course.
Intraday only.
  • #18,659
  • Aug 17, 2023 4:38pm Aug 17, 2023 4:38pm
Any prop firm offer a platform other than MT4/5 - such as Tradeview for example ?
every Saint has a past. Every Sinner has a Future
  • #18,660
  • Edited 4:57pm Aug 17, 2023 4:41pm | Edited 4:57pm
Let us limit the discussions within prop firms. Not how to trade. ( there is huge difference b/w trading personal account and prop account ) It is altogether a different subject.

And I doubt if anyone willing to offer discussions on how to trade prop account in a different thread.

I just explained for the queries though.
Intraday only.
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