Pride always comes before destruction.... -Proverbs 16:18
DARWINEX ZERO All Time Return:
22.5%
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 got mine today, nice surprise, didnt recieve email or anything, just checked kraken for the umtineth time and there It was.Ignored
Disliked{quote} If you point on me, you are again wrong. I made consistently +20% in average every month this year on my hedge fund account I am trading with. So I trade real markets and I cannot start from the beginning or anything. I had one chance to show I can do it, and I made it. That is totally different from the prop trading business. Second, I do consider what Angelo is telling us, that he is selling valuable data from traders to extract the alpha/edge on their own. This concerns me. It also should concern everyone who is net profitable consistently...Ignored
Disliked{quote} It is not that. If you trade on your personal account you are at 100% risk. You can easily loose 50k which is substantial amount of money. But the same drawdown you can get with as little as 2k, so you need to compare 2k loss versus 50k loss (as 10% max. DD on a 500k account here as example). That is why this prop firm model is ALSO INTERESTING for the REAL consistent profitable trader too. Of course if you scale beyond any limits, then it starts to get boring. For example you have 2 million account on personal broker. You do not need to...Ignored
Disliked{quote} Ironically the money hit my Kraken account like 4 minutes after the chat girl told me 48 hours. Feel bad for the chat support. They just have to regurgitate the same message all day long: "48 hours and it's all Wise's fault" Even better news is how many perfect setups I missed all weekIgnored
Disliked{quote} that comes from a person who tell me can do 20% in average over long time? you care about simple little 50.000 loss, that is nothing and normally people have daily maybe as a loss after trading many years the accounts and grow. i cant see how you do 20% average monthly and still have a problem with such small 50.000 loss number, really that do not match! when you trade professional you do not have this losses, how can this be this problem? you speak about bad traders, then yes, you are right, they are better inside a prop account. but a...Ignored
Disliked{quote} that comes from a person who tell me can do 20% in average over long time? you care about simple little 50.000 loss, that is nothing and normally people have daily maybe as a loss after trading many years the accounts and grow. i cant see how you do 20% average monthly and still have a problem with such small 50.000 loss number, really that do not match! when you trade professional you do not have this losses, how can this be this problem? you speak about bad traders, then yes, you are right, they are better inside a prop account. but a...Ignored
Disliked{quote} You did not understand anything what I just wrote. And I have max. DD of up -20% for those +20% monthly profits. So it is basically RRR of 1:1 per month. This can be done, though it is not easy to achieve. And yes last year I had some problems as I used to trade with intense tick data (paid) and 10 second charts. But I do not do this anymore and since then I started very good this year. And I have a lot of knowledge, more than 15 year fulltime trading experience. So I know exactly what I am doing!Ignored
Disliked{quote} but its drawdown, that is recovered very fast, so 20% drawdown is nothing when doing your 900% each year, so still do not know the problem with small 50.000 loss. and i do not mean any as attack, i mean it like this: with 20% average monthly you should rock the world, totally do not use any prop and just grow your account and grow and grow. so simple .. long term planing over short term game playing in prop. so your plan in general is wrong , or the 20% monthly is wrong, both do not match or you like wasting extrem money and time. take this...Ignored
Disliked{quote} Why are here in this thread ? You do not want to join any prop trading firm ? Or you are net looser and need a prop firm to make consistent gains with those props ?Ignored
Disliked{quote} just helping people to answer questions. problem with this? i can stop writing when many do not care too! but living in fantasy world is risky in trading, reality always hits more early then later.Ignored
Disliked{quote} That is why you need to work on your own strategy first. Before you can tell anything you need to have a good strategy. Otherwise you are in wrong thread. Prop firm business is only for traders who have a good strategy. Otherwise you are wasting your time here and you should spend more 10 years until you come back and write.Ignored
Disliked{quote} Yes, TBH, until if/when MFF comes back, the other 2 you mention, FTMO and the 5%ers are the only ones that appear as professional, well-run businesses. No influencers, no social media, no coupons. Most of these other clowns, you are correct, no idea what they are doing and zero knowledge about the indusrty they are in.Ignored
Disliked{quote} but i have already strategies and growing since decades. i am old already. and prop firm are for traders who do not have a good strategy, you never learn this fact . when yor starting point is wrong, the rest conclusions gets wrong too. i write because i know what i speak about and maybe some help my answers, when they can understand at their point of experience. it looks like you do not know : - why prop exist - how they work - what traders are good for use it and who should not you need to learn all this before you start doing so many...Ignored
DislikedWith everything in flux on the FX prop side, I'm about to test out the largest Futures prop Apex funding. They currently have a 90% off sale going right now. Target to DD is 1:1 on 25K and 1.2:1 on 50K... 50K w/ 2.5K DD = $17 initial fee + $140 1x activation fee if you pass. Their intraday equity trailing DD is really awful (it does stop trailing when it reaches initial bal), but I have a 1:1 RR tighter SL system I can test out where the trailing wont be an issue. On the plus side it's a 1 step challenge, there's no daily limit, they pay via ACH...Ignored
Disliked{quote} before you signup , have look at this thread https://www.elitetrader.com/et/threa...unding.368122/ better options www.earn2trade.com and the REAL DEAL in futures prop : https://www.apterostrading.com/prop-deskIgnored
Disliked{quote} before you signup , have look at this thread https://www.elitetrader.com/et/threa...unding.368122/ better options www.earn2trade.com and the REAL DEAL in futures prop : https://www.apterostrading.com/prop-deskIgnored