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Anyone trading with a Prop firm 6 replies

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

prop firm new model - my trading journey 871 replies

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Prop Firm Hub

Quoting sampat
{quote} Depends his ticker symbol is "PMH" which means it is not zero, it is classic account. So he might be having 1000 account so 200$ loss might not be a bad thing.
I was going to say it seems impossible to get to 20% drawdown on DZero. You would think the risk engine would keep that from happening
Pride always comes before destruction.... -Proverbs 16:18
Quoting Cryptosurf
{quote} {image}
It was just a matter of time.
Pride always comes before destruction.... -Proverbs 16:18
Quoting TrAndy1
{quote} You do not learn how to trade in a bank. If you have $50k together you do not need to work there just trade for yourself. It only make sense to work in a bank until you have at least $10k or $20k together for your own trading account. Usually personal trading is not allowed when you work in a bank and trade for them. They only allow investing or longer term orientated positions on your own personal account outside bank. But this is only for trading positions and related ones.
I understand you, did you make any good friends in this field during this period? Do you still keep in touch with them today?
Quoting Rmg
Apex denied my payout reasoning 'erratic trading". I am Not gonna waste anymore time with PA accounts. Already buckled with hands full of Takeprofit trader and Topstep.
how was your trading style.. is it risking whole account one trade have you mantained 1:3 rr and no dca?? I just follow these two with static lot sizes no issues for me. Static 3 lot details each time and sometimes i add 3 more to loser which is allowed so in short all within rules….
Extreme gut feeling trader
I seem couldn't find the rating/allocation calculator for darwinex zero during calibration stage. Can someone share me please.
Quoting Expo33
{quote} I was going to say it seems impossible to get to 20% drawdown on DZero. You would think the risk engine would keep that from happening
It might have kicked in who knows signal account could have lost 20% or 50% if traded small but market movements are big 10% is doable. However I will be surprised if Darwin reaches to 50%
Quoting montygoldy
{quote} how was your trading style.. is it risking whole account one trade have you mantained 1:3 rr and no dca?? I just follow these two with static lot sizes no issues for me. Static 3 lot details each time and sometimes i add 3 more to loser which is allowed so in short all within rules….
I use regressive risk model, start the day with small, increase as equity increases.
Intraday swings are my target. I add to runners. No DCA, but instantly I switch sides. I knew this was coming with their rules in place. I am not a scalper, I trade big when I am in a impulse move which is against their consistency rules.
But hey, That's how I trade.
If i were to trade with takeprofit trader I would have bagged 70k profits already.
Follow no one
Quoting sheva89
I seem couldn't find the rating/allocation calculator for darwinex zero during calibration stage. Can someone share me please.
https://www.darwinexzero.com/capital-allocation
Pride always comes before destruction.... -Proverbs 16:18
Quoting Rmg
{quote} I use regressive risk model, start the day with small, increase as equity increases. Intraday swings are my target. I add to runners. No DCA, but instantly I switch sides. I knew this was coming with their rules in place. I am not a scalper, I trade big when I am in a impulse move which is against their consistency rules. But hey, That's how I trade. If i were to trade with takeprofit trader I would have bagged 70k profits already.
Yeah but i still believe Apex is great for big payouts... haven't seen or heard any big payout gloating from anyone of takeprofittrader only i have seen is below is like 1k-2k kinda stuf.......

I have changed my style for Apex as well.... One trade same size and add once only same size thats its... that got me approved...... This is my PA chart not the best but between the range of 1k up or down... that 2k spike down yeaterday is because of payout approval coz i had a 700 profit day that day....
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Extreme gut feeling trader
Quoting montygoldy
{quote} Yeah but i still believe Apex is great for big payouts... haven't seen or heard any big payout gloating from anyone of takeprofittrader only i have seen is below is like 1k-2k kinda stuf....... I have changed my style for Apex as well.... One trade same size and add once only same size thats its... that got me approved...... This is my PA chart not the best but between the range of 1k up or down... that 2k spike down yeaterday is because of payout approval coz i had a 700 profit day that day.... {image}
I still believe in apex but waiting for 17 days to get denied/approved is not ideal. I have changed my style too recently, couple more pa accounts with apex trading their withdrawal strategy. Small target hit it come back next day. But thats not trading.
As of TakePT you don't wait for big amount, we can draw money from day1. I am not siding with anyone here....No saints in prop business.
Time is money.
Follow no one
Quoting Expo33
{quote} I was going to say it seems impossible to get to 20% drawdown on DZero. You would think the risk engine would keep that from happening
It is Darwinex trader, not DZero. If he deposited $500 then his DD can be huge with just one or two trades. You don't have so much space with flexible risk management then. Risk engine adjusts with delay. Especially scalping is dangerous to escape..risk engine adjust when it is too late and the huge trade is over. It adjusts for the next trades then. So you make huge DD first and then when risk engine lowers your risk factor it is not easy at all to climb back. Why the right plan and balance of risks is important here.
PVSRA
Bybit will offer Forex Metals Indices and Crypto CFDS in Metatrader 5 looks interesting
Had to take a week off for a family emergency. Grinded out just enough for the 30,000 allocation....score 75.11. Ended the month with my alltime high quote. It was a rocky road today for sure.

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Very curious to see my risk factor and score for the new month.
Quoting Novazor
Bybit will offer Forex Metals Indices and Crypto CFDS in Metatrader 5 looks interesting
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Quoting Novazor
Bybit will offer Forex Metals Indices and Crypto CFDS in Metatrader 5 looks interesting
https://www.financemagnates.com/fore...ds-in-august/#

BEST NEWS OF THE YEAR

let’s hope they put all the scammy Metatrader bucketshops out of business …
Quoting Stoneyrocks
{quote} https://www.financemagnates.com/fore...ds-in-august/# BEST NEWS OF THE YEAR let’s hope they put all the scammy bucketshops out of business … USA traders allowed ?
probably not
Quoting sampat
{quote} {image}
you from Canada right? Maybe Canadá not in the allowed countries
Quoting Novazor
{quote} you from Canada right? Maybe Canadá not in the allowed countries
If they dont allow most restricted countries whats the use of these firms as the allowed countries have already good brokers why would any one go with them.
Quoting Novazor
{quote} you from Canada right? Maybe Canadá not in the allowed countries
restricted countries

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Quoting sampat
{quote} If they dont allow most restricted countries whats the use of these firms as the allowed countries have already good brokers why would any one go with them.
For Europeans that majority of forex brokers leverage is restricted to 30:1 this is good if you want a bit more leverage
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