DislikedThe practical thing to do always, was to use profits gained via prop to fully fund your own private account.Ignored
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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
DislikedThe practical thing to do always, was to use profits gained via prop to fully fund your own private account.Ignored
Disliked{quote} I suppose you have the VIP CFD program.. which broker you chose ? FXFlat or GBEbrokers ? Much difference between the 2 in terms of spread/commissions ?Ignored
Interview Video Request
The Fund reserves the right to request an interview session at any time during the term of the program with a designated risk manager from The5ers Fund. The purpose of this interview is to ensure the authenticity of the client’s strategy and behavior in accordance with the terms and conditions.
Upon request, the client agrees to make themselves available for an interview with the risk manager of the Company. The client shall provide all necessary information and cooperate fully during the interview process.
The Fund, based on its understanding and after conducting due diligence, shall have the discretion to determine the authenticity of the client’s strategy and behavior. Any rejection or failure to participate in the interview session as requested by the Fund will be considered a material breach of this T&C and may result in immediate program termination.
The client acknowledges and agrees that participation in the interview session is a fundamental requirement of the program, and failure to comply may lead to a termination of the program.
DislikedGlow node in Telegram: {image} I don't understand this logic (I think Alpha has something similar). If I purchase a 200K account I can use system A. If I purchase 2 x 100K accounts I can't use system A in both accounts, same size and risk than 200K He says it's to manage risk. I don't get it.Ignored
Disliked{quote} Alpha has this limit for total capital - you can trade max 300K with one strategy but they allow 400K max capital. Which results in that you have to trade the remaining 100K with another strategy. But beware, by the same strategy they actually mean the same symbol. So you cannot trade same symbol on the 100K account even if you place completely different trades in different times thereIgnored
Disliked400K FTMO (only 1 trusted to make several >5 figure payouts) 100-200K TFF (keep the payouts <5 figures) 100K 5%ers With potential future US regulatory risk & large payout denials from smaller firms that don't have the revenue to make such payouts, I don't think anyone else can be trusted with more than 50-100K in funding.Ignored
Disliked{quote} I think so too, they do not A-book at all. Otherwise it does not make sense to kick out consistent profitable traders. I had no retries on failed challenges too.Ignored
Disliked{quote} This is good to know. I never went deep on it because I only have 200K with them. But if I ever purchase another one this is very valuable information because it is not clearly defined. I'm going to bookmark this in my notes. ThanksIgnored
DislikedHi guys, thank you for all the info and news (good&bad) shared here, really. I've found myself really funny after realizing how many times I've been adding/removing on my bookmarks the same Prop Firms again and again. Sometimes it smell worst than a sports bookmaker, if we talk about all the not clear T&C and the fact they're basically not looking for traders-money maker (a business model focused on selling and reselling challenges, unclear conditions and KYC done only once you pass the challenge and not before starting). I understood isn't a good...Ignored
DislikedAlso question for every one who are more experienced with different prop firms. MY PLAN IS TO BUY 3 MILLION WORTH OF CHALLENGES BY the END OF THIS YEAR. CAN SOMEONE SHARE SOME PLAN OR STRATEGY ON THE FIRMS TO DIVERSIFY THIS MUCH AMOUNT IN CHALLENGES. IT WILL BE SUPER HELPFUL. btw i am a bit crazy when taking risks. EITHER MY WAY OR HIGHWAY Thanks in advance….Ignored