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  • #48,401
  • Apr 22, 2025 10:30pm Apr 22, 2025 10:30pm
Quoting montygoldy
{quote} Just like that messed up my Blueguardian 4th payout for tomorrow... DLL hit... Now again going for 200$x5 to be eligible
If you needed $100, why not trade 1 micro, gold you need $10, shit 2 micros on DOW and grab 100 points. How did you lose $1200 trying to earn $100?
  • #48,402
  • Apr 22, 2025 10:32pm Apr 22, 2025 10:32pm
Quoting Expo33
{quote} I used FTMO and 5ers for 7 years but they both banned US clients. WeMasterTrade has instant funding that's 10 times cheaper than any one else.
lol, WeMasterTrade has a nice building as well.

https://www.google.com/maps/uv?pb=!1...06134&ictx=111
  • #48,403
  • Apr 22, 2025 10:46pm Apr 22, 2025 10:46pm
Quoting pipmaster77
{quote} If you needed $100, why not trade 1 micro, gold you need $10, shit 2 micros on DOW and grab 100 points. How did you lose $1200 trying to earn $100?
i agree.

On a challenge account, one want to pass quickly, so, go for good lot size.

On a funded account, one should limit lot size.

And on STF, it is possible. No pressure to pass.
Intraday only.
  • #48,404
  • Apr 22, 2025 11:38pm Apr 22, 2025 11:38pm
Quoting pipmaster77
{quote} If you needed $100, why not trade 1 micro, gold you need $10, shit 2 micros on DOW and grab 100 points. How did you lose $1200 trying to earn $100?
It's not that difficult to lose 1200$ to gain 100$. All you need to lose 100$, then your brain will try to make 200$ to hit the target. When you lose another 200$, you will easily go to tilt mood since it will very very difficult to accept that you lost 100$+200$=$300. The game is more psychological than technical or anything else. Once you get the filling that you deserve the 100$ since it's only 100$ when you can risk 1200, your brain will accept that you won't be going home without gaining all the losses and getting that extra 100$ that is necessary to withdraw.
  • #48,405
  • Apr 22, 2025 11:46pm Apr 22, 2025 11:46pm
Hey everyone, just wanted to share a quick breakdown of what I’m seeing on the 1H chart for Gold (CFDs). Price action's been really interesting lately, so here’s my take on the current structure and what I think could play out next.

The Setup So Far:

  1. We had a clean breakout above the $3,100–$3,120 resistance zone earlier this month. That area had been holding price down for a while, but once it broke, bulls stepped in hard.
  2. After that, Gold just went on a run, climbing steadily with barely any major pullbacks—classic breakout rally.
  3. Around $3,480, it hit some selling pressure and started pulling back. No surprise there—it had been trending strong for days.

Key Levels to Watch:

  1. Support zone: $3,280–$3,300 is a level I’m watching closely. It was a brief consolidation zone before the last leg up. If buyers step in here, we could see a nice bounce.
  2. Breakout base: The original resistance zone ($3,100–$3,120) is now solid support. If we ever drop that far, I’d expect buyers to be waiting.

Current Price Action:

  1. Price is currently hovering around $3,330 after pulling back from recent highs.
  2. Volume spiked during the drop, but it’s starting to taper off—could be a sign sellers are getting tired.
  3. Still too early to call a full reversal, but worth keeping an eye on whether we hold this $3,300 area.

What’s Next?

  1. If we get a solid bounce here, I think a retest of the $3,420–$3,450 zone is very much on the table.
  2. If $3,280 breaks cleanly, I’d watch for a deeper pullback—maybe even back toward that $3,100 level where this whole leg started.

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  • #48,406
  • Apr 22, 2025 11:55pm Apr 22, 2025 11:55pm
Quoting Sherlock
{quote} Wow for 7 years ! Did you not make enough profit to create your own personal account? WMT seems to have many restrictions for instant funding, make sure to read it thoroughly. Most of the time in almost all prop firms it's better to trade on personal account than Instant funding model.
I've had personal accounts since 2007
Pride always comes before destruction.... -Proverbs 16:18
  • #48,407
  • Apr 23, 2025 12:34am Apr 23, 2025 12:34am
Quoting sampat
{quote} My little mind not able to digest their plans which plan you are using?
I'm using the instant funding plan. I paid $35 for a 10K ($400 of drawdown for $35)

Here's what a 100K looks like:
Attached Image (click to enlarge)
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Of course there is a catch. You can't just pay $340 and get $4000 of drawdown without some strings. All the other companies would be charging like $3000

1) 2% Max Daily Loss
2) 4% Max Total Loss
3) 6% Profit Target
3) 20% profit consistency
-Just keep profit to no more than 1K in a day and your good. Best day of 1K divided by the 6K profit target gives you a 16.6% consistency.
4) First payout is 50%, second payout is 75%, third is 90%

Also, I thought I saw somewhere that if your consistency was above 20% but lower than 30% you would get a 25% profit share
Pride always comes before destruction.... -Proverbs 16:18
  • #48,408
  • Apr 23, 2025 12:37am Apr 23, 2025 12:37am
Quoting Expo33
{quote} I've had personal accounts since 2007
Cool, it looks like trading a long year games. I hope to be successful and build a personal account of at least 30k to 50k so that I can risk 1k per trade. When I achieve this goal, I will start travelling the world. With 1k risked per trade in a week, I can make around 7k(50% win rate with 1:2.75 RR, 4 wins+4 losses in a week=11-4=7k) in a week and that should be more than enough to live a relatively comfortable like anywhere around the world.
  • #48,409
  • Apr 23, 2025 12:39am Apr 23, 2025 12:39am
Quoting pipmaster77
{quote} lol, WeMasterTrade has a nice building as well. https://www.google.com/maps/uv?pb=!1...06134&ictx=111...
Where are you getting that address from?
Pride always comes before destruction.... -Proverbs 16:18
  • #48,410
  • Apr 23, 2025 12:43am Apr 23, 2025 12:43am
Quoting Sherlock
{quote} Cool, it looks like trading a long year games. I hope to be successful and build a personal account of at least 30k to 50k so that I can risk 1k per trade. When I achieve this goal, I will start travelling the world. With 1k risked per trade in a week, I can make around 7k(50% win rate with 1:2.75 RR, 4 wins+4 losses in a week=11-4=7k) in a week and that should be more than enough to live a relatively comfortable like anywhere around the world.
7K a week on a 50K account?

14% a week? Good luck with that.
Pride always comes before destruction.... -Proverbs 16:18
  • #48,411
  • Apr 23, 2025 12:51am Apr 23, 2025 12:51am
Quoting Expo33
{quote} 7K a week on a 50K account? 14% a week? Good luck with that.
Well statistically possible since I do get more than 8 trades in a week. With 50% win rate and 1:2.75 RR, it's very possible. But yes it seems a lot of gain even though I am willing to risk only 1k which is just 2% of 50k. But even though statistically it's very doable, there will be some weeks where I will get 5 consecutive losses and profit will be less or there will weeks with net loss. In average, it should gain 14% though weekly mathematically.
  • #48,412
  • Apr 23, 2025 12:55am Apr 23, 2025 12:55am
Quoting Expo33
{quote} I'm using the instant funding plan. I paid $35 for a 10K ($400 of drawdown for $35) Here's what a 100K looks like: {image} Of course there is a catch. You can't just pay $340 and get $4000 of drawdown without some strings. All the other companies would be charging like $3000 1) 2% Max Daily Loss 2) 4% Max Total Loss 3) 6% Profit Target 3) 20% profit consistency -Just keep profit to no more than 1K in a day and your good. Best day of 1K divided by the 6K profit target gives you a 16.6% consistency. 4) First payout is 50%, second payout is...
First profit being 50%=3k seems really very good as you are paying only 340$. It's a very new company, first time I heard here. So, there might be other catches.
  • #48,413
  • Apr 23, 2025 1:57am Apr 23, 2025 1:57am
Quoting pipmaster77
{quote} If you needed $100, why not trade 1 micro, gold you need $10, shit 2 micros on DOW and grab 100 points. How did you lose $1200 trying to earn $100?
It my BS stupidness.. --> First opened a long trade for 2$ profit with 1 mini on gold --> It went up till 170$ before spiking down to hit my stop loss of 250$.... NExt trade revenge to just to break even same thing it went up 80$ then hit my stop loss of 250$.... Now at this point i became conscious too and added tight stop losses and gold said hold my beer and hit my stop loss of 200$ again n again and before flying....... Mofo look at hold time.... literally seconds .. If i had my usuall 10$ stop loss then the first trade should have done for the day.....

THats my everyday story.. Point is i know today is not my day but still kept on trying for the SAKE of payout..... NOw i am down 1100$ and i made 800$ in laast 4 day making 200$ each... SO in order to satisfy consistency now need 200-300$ worth of 3-4 days atleast.....

Plus personally this month is awful for me trading wise ...picking up right setups it just GREED coz i always starts the day flying with big profits before eventually closing the day with DLL .. it happened exactly 9 times this month lol.......

These 50$ challneges are life saver....I literally would be smacking my screens if it was 20 Apex accounts....
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Extreme gut feeling trader
  • #48,414
  • Apr 23, 2025 6:40am Apr 23, 2025 6:40am
Quoting montygoldy
{quote} It my BS stupidness.. --> First opened a long trade for 2$ profit with 1 mini on gold --> It went up till 170$ before spiking down to hit my stop loss of 250$.... NExt trade revenge to just to break even same thing it went up 80$ then hit my stop loss of 250$.... Now at this point i became conscious too and added tight stop losses and gold said hold my beer and hit my stop loss of 200$ again n again and before flying....... Mofo look at hold time.... literally seconds .. If i had my usuall 10$ stop loss then the first trade should have done...

looks like you better use a lower size!
1 mini is really a lot imo.
i was just checking today in the morning if i could apply my strategy on gold, and i came to a possible size around 1/2 micros.
maybe 3 micros adding on a correct tradea furhter entry.

i don t trade gold since ages btw, maybe these days there is also increased volatility. I see 10$ moves in just a 5 minute candle… looks kind of large if using 1 mini would mean 1k profits or loss in just a candle. Good if you get the correct entry but as you know, it s not always like that. Market slips, slides, moves, turns around..
90% of traders use TA, indicators and prediction
  • #48,415
  • Apr 23, 2025 7:06am Apr 23, 2025 7:06am
Quoting montygoldy
{quote} It my BS stupidness.. --> First opened a long trade for 2$ profit with 1 mini on gold --> It went up till 170$ before spiking down to hit my stop loss of 250$.... NExt trade revenge to just to break even same thing it went up 80$ then hit my stop loss of 250$.... Now at this point i became conscious too and added tight stop losses and gold said hold my beer and hit my stop loss of 200$ again n again and before flying....... Mofo look at hold time.... literally seconds .. If i had my usuall 10$ stop loss then the first trade should have done...

btw
seems to me gold moves respecting a lot the basilar price action rules.
I mean, support/resistance and candlestick patterns.
This I noticed in the morning while checking something else.
look at this move
Attached Image (click to enlarge)
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A 5 minutes candle going below support, to recover steep up. Following candle expected bullish.
then after that, bullish close back above prev support… exepect to hold if tested.

what i mean in here is that by watching gold today, what i noticed the most is that market structure is kind of respectful of these rules. Maybe only today, of course, did not check yet past history. But seems more a structured actiion rather than a spiky killing one.
90% of traders use TA, indicators and prediction
  • #48,416
  • Apr 23, 2025 8:09am Apr 23, 2025 8:09am
Quoting Expo33
{quote} 7K a week on a 50K account? 14% a week? Good luck with that.
Yes, been in the game 15 years.....where everyone is gravitating towards personal accounts, I've decided it's all about AUM.
If one wishes to trade with a 99% chance of NOT BLOWING AN ACCOUNT, you simply cannot average more than 2.5% per month. You may have outliers of 4-5%, but attempting to AVERAGE more than 2.5% is simply going to result in an inevitable blow up.

So at 2.5% per month, doing some backwards math, to make 100K per year, you need approx $300K personal account, 200K per year would be $600K, etc

People fail in this business simply due to under capitalization, throw 1K, 10K, 20K , whatever, if you trade correctly, you make no money. So, here comes the over leveraging, over risk problem. Of course, you could start young and if you have the patience to compound, not withdrawal and not over risk, small account would pan out.

Currently I use a combo of personal, futures props and Darwinex to meet my income goals. Darwinex is truly my only long term option and I am going all-in with multiple Darwins......as these grow I will be gravitating away from the props and personal.
  • #48,417
  • Apr 23, 2025 8:11am Apr 23, 2025 8:11am
Quoting Expo33
{quote} Where are you getting that address from?
I just googled them. However, I will be joining you in your endeavor......$35 for $400....why not?
  • #48,418
  • Apr 23, 2025 8:14am Apr 23, 2025 8:14am
Quoting Sherlock
{quote} Well statistically possible since I do get more than 8 trades in a week. With 50% win rate and 1:2.75 RR, it's very possible. But yes it seems a lot of gain even though I am willing to risk only 1k which is just 2% of 50k. But even though statistically it's very doable, there will be some weeks where I will get 5 consecutive losses and profit will be less or there will weeks with net loss. In average, it should gain 14% though weekly mathematically.
Good news, if you can do that.........don't withdrawal for 6 months and your 50K is $1,124,153
Going back to my post 5 minutes ago, this is the SINGLE BIGGEST PROBLEM in this game........unrealistic expectations......it all looks good in a spreadsheet.
  • #48,419
  • Apr 23, 2025 8:16am Apr 23, 2025 8:16am
Quoting _BBKing_
{quote} looks like you better use a lower size! 1 mini is really a lot imo. i was just checking today in the morning if i could apply my strategy on gold, and i came to a possible size around 1/2 micros. maybe 3 micros adding on a correct tradea furhter entry. i don t trade gold since ages btw, maybe these days there is also increased volatility. I see 10$ moves in just a 5 minute candle… looks kind of large if using 1 mini would mean 1k profits or loss in just a candle. Good if you get the correct entry but as you know, it s not always like that....
I made $550 yesterday on my BG accounts with 1 micro on gold and 1 micro on DOW.....it allows for very wide SL and a DCA or two. Plus, the added benefit of leaving my chair and not staring at the screen with my finger on the button.
  • #48,420
  • Apr 23, 2025 8:21am Apr 23, 2025 8:21am
Quoting pipmaster77
{quote} Good news, if you can do that.........don't withdrawal for 6 months and your 50K is $1,124,153 Going back to my post 5 minutes ago, this is the SINGLE BIGGEST PROBLEM in this game........unrealistic expectations......it all looks good in a spreadsheet.
100% true. Unrealistic expectation is probably the main reason to mess thing us psychologically. I guess my strategy will fail to maintain 50% win rate or 1:2.75 RR or I will mess thing up by not following the strategy which I am getting better at though.
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