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Anyone trading with a Prop firm 6 replies

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Quoting TheDoug
For any of you futures traders in here, what's the difference between a personal account with AMP and one with Charles Schwab or TD Ameritrade? Can you trade the same way with all those accounts? is AMP different in some way?
AMP is a no frills discount FCM. Margins and fees are going to be cheaper. They are futures only. Schwab and TD offer a wide range thing to trade, stocks, etc
Trade with confidence, trade without fear.
Apex denied payout clarification....

They want to see if you can trade successfully without using the rule breaking strategy.

Balance on day of denied request / days traded from last payout/start of pa (if new) * 10 days = new target with no rules broken to get payout.

ex... 3K DCA profit denied (53K bal) / 15 days traded = $200 * another 10 days = additional 2K required (55K bal)
Quoting genuine007
UPDATE Funding Pips 5k Live Funded = down by 7% freshly bought 5%ers 5k Phase1 = down by 3% {image} {image}
UPDATE
Funding Pips 5k Live Funded = down by 8%
5%ers 5k Phase1 = down by 6%
EVERY TRADE IS JUST ENDING AS A LOSING TRADE FOR NO REASON
Quoting genuine007
{quote} UPDATE Funding Pips 5k Live Funded = down by 8% 5%ers 5k Phase1 = down by 6% EVERY TRADE IS JUST ENDING AS A LOSING TRADE FOR NO REASON
There is a reason, you just refuse to acknowledge the root cause despite what you are repeatedly told. Trading is hard enough already without trading in desperation with scared money.
Quoting genuine007
{quote} UPDATE Funding Pips 5k Live Funded = down by 8% 5%ers 5k Phase1 = down by 6% EVERY TRADE IS JUST ENDING AS A LOSING TRADE FOR NO REASON
What do you mean for no reason. Are your trades hitting the stop loss or closing on their own?
Quoting woody70
{quote} What do you mean for no reason. Are your trades hitting the stop loss or closing on their own?
hitting predefined stop loss
Quoting genuine007
{quote} UPDATE Funding Pips 5k Live Funded = down by 8% 5%ers 5k Phase1 = down by 6% EVERY TRADE IS JUST ENDING AS A LOSING TRADE FOR NO REASON
So just to clarify

You have no trading plan, no risk management strategy, no work ethic, and no respect for your parents.

AND of course, it's not your fault.
Pride always comes before destruction.... -Proverbs 16:18
Quoting Expo33
{quote} So just to clarify You have no trading plan, no risk management strategy, no work ethic, and no respect for your parents. AND of course, it's not your fault.
Trading Plan
Risk Management
I have everything, but nothing working..
Even if it starts working, it will take 1 or 2 months for rectification or if it continues like this, most probably I will lost again
Quoting genuine007
{quote} hitting predefined stop loss
Well if it's hitting the stop-loss, then there is your reason. You are risking too much and don't have a proper trade plan.
Quoting Expo33
{quote} So just to clarify You have no trading plan, no risk management strategy, no work ethic, and no respect for your parents. AND of course, it's not your fault.
I almost feel like he is punking us. At this point, no reasonable person would still be throwing money away.
Quoting woody70
{quote} Well if it's hitting the stop-loss, then there is your reason. You are risking too much and don't have a proper trader plan.
its just because it is written that whatever I do
how hard I will try my life is not gonna be fixed
it was written that my life will be completely ruined
that's why all this bad happens with me
and I am trying my best, still I am not seeing any fix
Quoting pipmaster77
{quote} I almost feel like he is punking us. At this point, no reasonable person would still be throwing money away.
yeah throwing away money "40 $" to fix my life with 1 account at a time
what will you call them who buying 250k x 20 accounts??
you want me to stop even trying
Quoting genuine007
{quote} Trading Plan Risk Management I have everything, but nothing working.. Even if it starts working, it will take 1 or 2 months for rectification or if it continues like this, most probably I will lost again
IF you hit 8% drawdown in such a short time you Don’t have risk management (ex decreasing from 1% to 0,5% risk per trade if you go to -2% drawdown). You are probably not journaling either, do you can’t be surę if the trades you took arę ACTUALLY within your plan, IF what you have is indeed a trading plan that makes sense. Another option is probabilites, for me april was a wonderful month for my strat but may was rough with -4,5R. Still tho, you won’t acomplish anything with 5k accounts ( unless you live in Pakistan or something). The only thing you can do is take a break, go to work, reevaluate your life, and only start thinking about trading when you get your life together, or possibly don’t go back at all as it looks like this is something that is destroying you rather than making you better as a person( as one that get’s consistent also sees the results outside od trading).
Quoting pipmaster77
{quote} I almost feel like he is punking us. At this point, no reasonable person would still be throwing monet away.
Obsessed with his initial big loss and lack of self awereness. Guys Been in the markets at least from 2020. Some would think that after 4 years of doing the same mistakes one would change.
Quoting rizla101
{quote} I did see on twitter not to long ago, someone slamming them for this compulsory video requirement., they came back and said that is no longer required.
Maybe, but my print screen was from today as you can see here:
https://www.smartproptrader.com/faqs...raw-my-profits
Quoting TheDoug
For any of you futures traders in here, what's the difference between a personal account with AMP and one with Charles Schwab or TD Ameritrade? Can you trade the same way with all those accounts? is AMP different in some way?
Charles Swab doesn't even offer futures to retail in my country (europe). I opened an account there (not funded yet) just to be able to access ThinkOrSwim platform for my analysis.
Quoting CableJ
Apex denied payout clarification.... They want to see if you can trade successfully without using the rule breaking strategy. Balance on day of denied request / days traded from last payout/start of pa (if new) * 10 days = new target with no rules broken to get payout. ex... 3K DCA profit denied (53K bal) / 15 days traded = $200 * another 10 days = additional 2K required (55K bal)
This is becoming more and more complex by the day.
On the positive side the cowboys of CFDs wouldn't miss the opportunity of failing the account and tell him there is nothing we can do.
Quoting genuine007
{quote} its just because it is written that whatever I do how hard I will try my life is not gonna be fixed it was written that my life will be completely ruined that's why all this bad happens with me and I am trying my best, still I am not seeing any fix
If this is what you believe then you need to get a job like others have suggested multiple times on this thread and leave trading alone. At least have a paycheck coming in where if you want to continue to trade you have money you can use instead of borrowing from everyone else. I don't know how old you are but you need to grow up and be responsible.
Quoting genuine007
{quote} yeah throwing away money "40 $" to fix my life with 1 account at a time what will you call them who buying 250k x 20 accounts?? you want me to stop even trying
5k/10k/25k is waste of time. if you have 'figured' (i do not like the word) market out, you would go 200k. therefore, you should not trade.
Quoting genuine007
{quote} yeah throwing away money "40 $" to fix my life with 1 account at a time what will you call them who buying 250k x 20 accounts?? you want me to stop even trying
The problem here is you think spending 40 is going to fix your life. Obviously people who can afford 20 accounts can afford to lose at the very least they are probably not living with there parents and borrowing money from them.
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