Prop Firm Hub | Page 1871 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #37,401
  • Jun 4, 2024 9:24am Jun 4, 2024 9:24am
Quoting Cryptosurf
{quote} Still a bit of a cluster happening {image}
at 10;20 in the middle of the NY morning?
  • #37,402
  • Edited 10:05am Jun 4, 2024 9:34am | Edited 10:05am
Quoting Capablanca
{quote} Would not bother me if: - $150 is different in each account size (should be proportional) - If 4 days >$150 are enough and I can flip another 4 days (to achieve 8 days), this is stupid. It's like the old FTMO allowing to pass in 1 day but we had to do 0.01 lots for another 9 days. Minimum days should be 4 days. If 4 days >150 then it should be good. - Payment process should be much quicker Anyway it's a move in the right direction I think.
Longer Min trade days even with the micro trade foolishness still make sense from the prop perspective. It increases the odds that the prevailing market dynamics that led to a trader's potential lucky streak can possibly change, which increases the odds of that trader failing phase 2 with FX props or live with futures props.

With the current 10d at apex to get payed with 20% micro flipping days allowed... if you keep trading so you can also hit the next payout window you have to accept the risk of falling back below the threshold/blowing the account before approval, if you wait for approval that will take you out of the next payout window reducing the payout risk to apex.
  • #37,403
  • Jun 4, 2024 9:39am Jun 4, 2024 9:39am
Quoting pipmaster77
{quote} at 10;20 in the middle of the NY morning?
Yeah they really need to get this sorted
Trade with confidence, trade without fear.
  • #37,404
  • Jun 4, 2024 9:40am Jun 4, 2024 9:40am
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
Hi,

Just saw your post and your frustration, here is what I suggest.

Trading is hard, but if you are willing to do the hard work then you could succeed. Nobody is a born trader, everybody learn at their own pace. I suggest open your own thread and post your trading strategy, chart analysis and I would do my best to guide you.
The purpose of knowledge is action, not knowledge
  • #37,405
  • Jun 4, 2024 9:53am Jun 4, 2024 9:53am
Quoting Cryptosurf
{quote} It pains me greatly to admit I have to agree with you on this. Adding to losing positions is the mother of all bad habits. {image}
The only ways this ever makes sense to me is if you want to risk 2% per trade but you scale into total position with let's say 4 .5% entries.. this can help with getting the timing wrong but the eventual trend direction correct. The other is using algorithmic time spit fills to scale into a position in bite sized chunks over time regardless of what the market is doing because your position is so damn big it would spike the market if attempted to fill in one click.
  • #37,406
  • Jun 4, 2024 9:58am Jun 4, 2024 9:58am
Any one use Quantower? It breaks my trades into individual items. For example I punched 4 MNQ with SL and TP and it split it into 4 different 1 lot trades on rythmic order history..
I am wondering if APEX treat it as DCA....
  • #37,407
  • Jun 4, 2024 10:03am Jun 4, 2024 10:03am
Quoting sampat
Any one use Quantower? It breaks my trades into individual items. For example I punched 4 MNQ with SL and TP and it split it into 4 different 1 lot trades on rythmic order history.. I am wondering if APEX treat it as DCA....
partial fills are normal in a real exchange/ecn environment... and no it's not considered DCA otherwise everyone not trading 1 contract would eventually be in violation.
  • #37,408
  • Jun 4, 2024 10:04am Jun 4, 2024 10:04am
Quoting CableJ
{quote} The only ways this ever makes sense to me is if you want to risk 2% per trade but you scale into total position with let's say 4 .5% entries.. this can help with getting the timing wrong but the eventual trend direction correct. The other is using algorithmic time spit fills to scale into a position in bite sized chunks over time regardless of what the market is doing because your position is so damn big it would spike the market if attempted to fill in one click.
Exacly how it's done. You split your, say, 2% risk, over as many entries as you'd like. Obviously, if your trade becomes invalid according to your system, you do not keep adding.
  • #37,409
  • Jun 4, 2024 10:06am Jun 4, 2024 10:06am
Quoting Cryptosurf
{quote} It pains me greatly to admit I have to agree with you on this. Adding to losing positions is the mother of all bad habits. {image}
I do not understand the logic behind adding to losing positions in trading. In trading, there is right and wrong trade, that's it. Probably, it is suitable in investing in stocks, when you know company's fundamentals, when you know company's price does not match to reality.

Related quote: "The market can stay irrational longer than you can stay solvent" - Keynes.
  • #37,410
  • Jun 4, 2024 10:06am Jun 4, 2024 10:06am
Quoting sampat
Any one use Quantower? It breaks my trades into individual items. For example I punched 4 MNQ with SL and TP and it split it into 4 different 1 lot trades on rythmic order history.. I am wondering if APEX treat it as DCA....
I see that occasionally, simply due to entire order not being filled....due to simulating real market.
  • #37,411
  • Jun 4, 2024 10:09am Jun 4, 2024 10:09am
Quoting solarpower
{quote} I do not understand the logic behind adding to losing positions in trading. In trading, there is right and wrong trade, that's it. Probably, it is suitable in investing in stocks, when you know company's fundamentals, when you know company's price does not match to reality.
So, when you enter a trade, you nail the entry to the pip/point? Probably not, you certainly expect atleast SOME drawdown. So, knowing you will MOST LIKELY experience DD, wouldn't it be better to split that position up into smaller bits for a better overall price?
I'm not clear on how so many experienced traders are not grasping the power of this?
  • #37,412
  • Jun 4, 2024 10:16am Jun 4, 2024 10:16am
Quoting pipmaster77
{quote} So, when you enter a trade, you nail the entry to the pip/point? Probably not, you certainly expect atleast SOME drawdown. So, knowing you will MOST LIKELY experience DD, wouldn't it be better to split that position up into smaller bits for a better overall price? I'm not clear on how so many experienced traders are not grasping the power of this?
You are talking about the subtle point of when to enter. I do not agree with 'you are most likely experience DD', it is still 50/50 at my entry points.
if you think you are most likely to experience DD, then you should wait so that you would get even better average price.
averaging works for longer time horizons. i believe spot fx can tolerate my 5-10 mln in/outs within 10-minutes.
  • #37,413
  • Jun 4, 2024 10:43am Jun 4, 2024 10:43am
Quoting pipmaster77
I'm thinking of trading futures with Darwinex-zero. Only opportunity to trade futures with a prop using MT5.
DM sent
Pride always comes before destruction.... -Proverbs 16:18
  • #37,414
  • Jun 4, 2024 10:47am Jun 4, 2024 10:47am
Quoting Cryptosurf
Darrell did address a strategic scenario regarding DCA. {image}
"loosing position"

Is there anyone anywhere on this planet that knows the difference between losing and loosing? I thought it was only the guy living in the backwoods of West Virginia eating squirrel meat pancakes that didn't understand the difference. (No offense to anyone living in the backwoods of WV)
Pride always comes before destruction.... -Proverbs 16:18
  • #37,415
  • Jun 4, 2024 10:51am Jun 4, 2024 10:51am
Quoting alifari
{quote} Hi, Just saw your post and your frustration, here is what I suggest. Trading is hard, but if you are willing to do the hard work then you could succeed. Nobody is a born trader, everybody learn at their own pace. I suggest open your own thread and post your trading strategy, chart analysis and I would do my best to guide you.
Very kind of you but it doesn't matter what he does if he refuses to get a job.

Living at home begging mommy and daddy for 50 bucks to get another 5K account to jumpstart your illustrious trading career isn't going to happen.
Pride always comes before destruction.... -Proverbs 16:18
  • #37,416
  • Jun 4, 2024 10:51am Jun 4, 2024 10:51am
Quoting pipmaster77
{quote} So, when you enter a trade, you nail the entry to the pip/point? Probably not, you certainly expect atleast SOME drawdown. So, knowing you will MOST LIKELY experience DD, wouldn't it be better to split that position up into smaller bits for a better overall price? I'm not clear on how so many experienced traders are not grasping the power of this?

its opposite, when you near always get drawdown you simple dont take this first trade and put this amount amount on your before second or third entry point or whatever trade ....

beginner until medium skill level use grid a lot, its ok to get experience. but in 95% of cases you let many money on the table. its experience in creating trading systems, analyzing, experience in market what will let you automatically change when you are ready to go from beginner to medium level and later even more.

its hard to describe to you, when you are not at this level already and see this fact (its same like talk with people about hedging, account protection, trading big accounts or volumes ,..... when you cant see or experienced some facts you will not accept it or see the math behind... but this will not be forever, this will change with time). and you dont need to hurry, you are still trading in prop and gain so experience, so its on beginning level until medium where you trade by skill level, so still ok to use such style. with time you will see all the differences. even now after 25 years i still find possibilities i always think about, why i was so stupid and could not see it before, it was so easy to see.
  • #37,417
  • Jun 4, 2024 10:53am Jun 4, 2024 10:53am
Quoting Expo33
{quote} "loosing position" Is there anyone anywhere on this planet that knows the difference between losing and loosing? I thought it was only the guy living in the backwoods of West Virginia eating squirrel meat pancakes that didn't understand the difference. (No offense to anyone living in the backwoods of WV)
Surely you're not referencing Bobby Trippe's "loosing position" in the backwoods.
Trade with confidence, trade without fear.
  • #37,418
  • Jun 4, 2024 10:57am Jun 4, 2024 10:57am
Quoting Cryptosurf
{quote} Surely you're not referencing Bobby Trippe's "loosing position" in the backwoods.
"Come out come out wherever you ahrreeee..."
A snails pace wins the race :-)
  • #37,419
  • Jun 4, 2024 11:03am Jun 4, 2024 11:03am
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
Go see a Licensed Psychologist Please.
Drawdown is more important than Account Size !
  • #37,420
  • Jun 4, 2024 11:06am Jun 4, 2024 11:06am
Quoting procrude
{quote} Go see a Licensed Psychologist Please.
Yes, you are saying correct.
I need to see a Psychologist for sure who can make me forget trauma I have went through.
I have lot of burden in my heart & head.
I am left behind than others in my life.
I would have been at some great position and I am standing at zero.
47 traders viewing now