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Anyone trading with a Prop firm 31 replies

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

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  • #1,781
  • Jun 24, 2021 10:04am Jun 24, 2021 10:04am
Soory for these ppl but these is the ugly truth
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  • #1,782
  • Jun 24, 2021 10:44am Jun 24, 2021 10:44am
Quoting mizi123
Soory for these ppl but these is the ugly truth {image}
That's right but 5% of 10k won't make most people monthly budget needs,so they pushed to make more and that's the problem and losses will appear,but 5% of 100k looks much better and add it 7 times...........
Whether you think you can, or you think you can't,you're right. H.F.
  • #1,783
  • Jun 24, 2021 10:59am Jun 24, 2021 10:59am
well, It does not matter, whther it is 10k or 100k.

Dicipline is important.

If one does not have dicipline, he/she looses 10k or 500 dollar.

If one follows dicipline, he/she can earn :

In a 10k account, 5 % a month : 500 dollar.

In a 100k account, 5 % a month with 80 % profit split : 5k x 0.8 = 4k

Loosing 500 dollar for an Income of 4k per month ( minimum ) is much better than loosing 10k for monthly income of 500 $.

IMO.

I do not want to get into this kind of debate, and loose track.
Intraday only.
  • #1,784
  • Jun 24, 2021 11:15am Jun 24, 2021 11:15am
Quoting navk
well, It does not matter, whther it is 10k or 100k. Dicipline is important. If one does not have dicipline, he/she looses 10k or 500 dollar. If one follows dicipline, he/she can earn : In a 10k account, 5 % a month : 500 dollar. In a 100k account, 5 % a month with 80 % profit split : 5k x 0.8 = 4k Loosing 500 dollar for an Income of 4k per month ( minimum ) is much better than loosing 10k for monthly income of 500 $. IMO. I do not want to get into this kind of debate, and loose track.
For me is not same as you trade 10K 100K or 1 milion...
  • #1,785
  • Jun 24, 2021 11:19am Jun 24, 2021 11:19am
Quoting mizi123
{quote} For me is not same as you trade 10K 100K or 1 milion...
ok
Intraday only.
  • #1,786
  • Jun 24, 2021 11:24am Jun 24, 2021 11:24am
Quoting Simply-Me
{quote} That's right but 5% of 10k won't make most people monthly budget needs,so they pushed to make more and that's the problem and losses will appear,but 5% of 100k looks much better and add it 7 times...........
All 5 fingers are not same.

So, Ignore different topic, and be on your job.

Good luck with your challenge.
Intraday only.
  • #1,787
  • Jun 24, 2021 11:42am Jun 24, 2021 11:42am
Some good insights:
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  • #1,788
  • Jun 24, 2021 3:00pm Jun 24, 2021 3:00pm
Quoting mizi123
Some good insights: https://www.youtube.com/watch?v=pgY2lu9QHtA

If you want to listen to this guy,I suggest to use 0.75 playback speed or lower
Whether you think you can, or you think you can't,you're right. H.F.
  • #1,789
  • Jun 24, 2021 5:09pm Jun 24, 2021 5:09pm
Guys, please, I need some help. I started a The5%ers (MT5) Summer Challenge.
All the tools I use (for a Basket setup) are for MT4 only. Unable to transfer them to MT5.

I have started copying Trades from MT4 to MT5, but the accounts are too different.
I am looking for an MT4 demo with the possibility of setting:
- leverage 1:10
- deposit of 25,000 Dollars
- possibly without expiry.

That's 5 days of unsuccessful searches.

Thank you.
I've seen things you people wouldn't believe
  • #1,790
  • Jun 24, 2021 9:12pm Jun 24, 2021 9:12pm
Quoting Trader-IT
Guys, please, I need some help. I started a The5%ers (MT5) Summer Challenge. All the tools I use (for a Basket setup) are for MT4 only. Unable to transfer them to MT5. I have started copying Trades from MT4 to MT5, but the accounts are too different. I am looking for an MT4 demo with the possibility of setting: - leverage 1:10 - deposit of 25,000 Dollars - possibly without expiry. That's 5 days of unsuccessful searches. Thank you.
Hello Trader-IT,

Try Global Prime.

Thanks

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"The markets can remain irrational longer than you can remain solv
  • #1,791
  • Jun 24, 2021 9:43pm Jun 24, 2021 9:43pm
Quoting shyean
{quote} Hello Trader-IT, Try Global Prime. Thanks {image}{image}
Hi shyean. Thanks for your advice.

Yes, I decided to try the GP demo, also on the advice of a friend and after hearing their live chat.
Great service I must say.

Now I have to see how far it differs from The5%ers account (spreads and commissions), but it will always be better than the situation I had before.
Now I'm loading the History on a portable MT4, already set up with my 1° Basket "Configuration". Today, Friday, I'll try everything.

Thank you again
I've seen things you people wouldn't believe
  • #1,792
  • Jun 25, 2021 9:52am Jun 25, 2021 9:52am
Quoting mizi123
Some good insights: https://www.youtube.com/watch?v=pgY2lu9QHtA
Don't worry i can catch him even if i'm coming from non-english speaking area, the point is not his talking speed but is his advice..!
  • #1,793
  • Jun 25, 2021 9:56am Jun 25, 2021 9:56am
I closed my shop for today.

5 more days to go.
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Intraday only.
  • #1,794
  • Jun 25, 2021 11:00am Jun 25, 2021 11:00am
Quoting navk
I closed my shop for today. 5 more days to go. {image}
Nice job! congrats!
Do you still trade the HOLO system ?
  • #1,795
  • Jun 25, 2021 11:01am Jun 25, 2021 11:01am
Quoting tradista
{quote} Nice job! congrats! Do you still trade the HOLO system ?
Yes, I use HOLO in addition to others.

One has to practice HOLO
Intraday only.
  • #1,796
  • Jun 25, 2021 12:00pm Jun 25, 2021 12:00pm
Quoting navk
{quote} Yes, I use HOLO in addition to others. One has to practice HOLO
Nice!
I looked at it as a reversal method and dismissed it and never gave it its due merit. It's great that now you're actually proving one can make money with it.
  • #1,797
  • Jun 25, 2021 12:56pm Jun 25, 2021 12:56pm
So, first day with MFF is done.
So far so good,1% profit is home.
I'd like to ask more experiences MFF warriors what is amount in red circle (300.06) if today's profit is 1026.19?
Is it today's max loss without - sign?
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Whether you think you can, or you think you can't,you're right. H.F.
  • #1,798
  • Jun 25, 2021 1:10pm Jun 25, 2021 1:10pm
Quoting Simply-Me
So, first day with MFF is done. So far so good,1% profit is home. I'd like to ask more experiences MFF warriors what is amount in red circle (300.06) if today's profit is 1026.19? Is it today's max loss without - sign? {image}
Do not mind about the number in red circle.

It updates slowly.

Keep in mind to check dashboard often.

The actual profit updates once you close trades in profit/loss, and not before that.

Make sure you see the allowed daily loss limit everyday.

And check it mt4 account.
Intraday only.
  • #1,799
  • Jun 25, 2021 1:31pm Jun 25, 2021 1:31pm
Quoting navk
{quote} Do not mind about the number in red circle. It updates slowly.......
Yep. I've just noticed. It's 1026.19 already.
Whether you think you can, or you think you can't,you're right. H.F.
  • #1,800
  • Jun 25, 2021 3:03pm Jun 25, 2021 3:03pm
Quoting navk
{quote} Do not mind about the number in red circle. It updates slowly. Keep in mind to check dashboard often. The actual profit updates once you close trades in profit/loss, and not before that. Make sure you see the allowed daily loss limit everyday. And check it mt4 account.
Navk,
have you linked your MFF MT4 to myfxbook account? Technically it's EA and their approval is required for using EA's.
Whether you think you can, or you think you can't,you're right. H.F.
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