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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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  • #3,581
  • Sep 7, 2021 8:04am Sep 7, 2021 8:04am
mastermind,

you have quite a big loss floating, lookng at the wins you made so far...
  • #3,582
  • Sep 7, 2021 8:09am Sep 7, 2021 8:09am
Quoting HammerHeart
{quote} Noted. Admittedly I dont know much about the inner technical workings.

I traded prop at a futures firm long ago. That firms owner used to wank himself off about how big he was, when we checked a few reports later on when reporting became more transparent from the exchange, we discovered the amount invested was negligible in comparison to volume and the commission being paid to the firm from that volume.

That being said the margin is still significant enough to keep the average joe away from starting a legit prop firm.
  • #3,583
  • Sep 7, 2021 8:15am Sep 7, 2021 8:15am
Guys crazy Daniel Savage firm actually his client showed a live account. I dont think it possible to fake that??! But the guy does not want to show the balance
Inserted Video
  • #3,584
  • Sep 7, 2021 9:01am Sep 7, 2021 9:01am
HOLY US30!!!!
  • #3,585
  • Sep 7, 2021 9:08am Sep 7, 2021 9:08am
Quoting Takisd
{quote} I traded prop at a futures firm long ago. That firms owner used to wank himself off about how big he was, when we checked a few
Can't imagine my relief when i realized this story wasn't going where it seemed.
  • #3,586
  • Sep 7, 2021 9:20am Sep 7, 2021 9:20am
Quoting Koop
{quote} Can't imagine my relief when i realized this story wasn't going where it seemed.
Now that is funny Koop. The headline was leading me down a different road as well.
  • #3,587
  • Sep 7, 2021 10:00am Sep 7, 2021 10:00am
Quoting Proptrader11
Guys crazy Daniel Savage firm actually his client showed a live account. I dont think it possible to fake that??! But the guy does not want to show the balance https://youtu.be/I4RmLrbs0_M

Its very possible to fake that especially since the server is owned by daniel savage.
  • #3,588
  • Sep 7, 2021 10:03am Sep 7, 2021 10:03am
Quoting Koop
{quote} Can't imagine my relief when i realized this story wasn't going where it seemed.

In my junior years a broker I worked for had a guy who sat in the corner desk jacking it. He also didn't wash his shirts and would come all stained up... disgusting human
  • #3,589
  • Sep 8, 2021 2:40am Sep 8, 2021 2:40am
Quoting Koop
{quote} As HH and RMG have said, i think it's very doable... just have to scale your risk appetite down. (correct me if i'm wrong, those who have attempted/are attempting the program already) --- Once you pay, you practically own the account.. no mandatory targets, no time limits, you can take 3 months to make that 10% in order to scale if you want.... but you'll be guaranteed to be earning something along the way. That's the one good thing about the program. Personally, i'd risk progressively... i.e first set of trades at 0.25% of the account per...

Some very good advice. Thank you The answer to success with Prop trading is staying in the game that's for sure!

Anyway after all that, I'm afraid that I have chickened out on the accelerated.

Gone for a 50k evaluation. Rather test the new strategy first I think! If I pass then I will definitely go for accelerated in addition. I'll post a TE like Mastermind
  • #3,590
  • Sep 8, 2021 2:59am Sep 8, 2021 2:59am
Quoting pipmaster77
HOLY US30!!!!
Don't know why people trade anything else!
  • #3,591
  • Sep 8, 2021 3:18am Sep 8, 2021 3:18am
Quoting Takisd
{quote} Starting my TPT tomorrow koop, I have a vice ready for your balls if they scam me.
lol Was about to dip my foot into this one as well... 50k challenge..

Until i noticed this...

During the Evaluation Program you can trade the maximum position size allowed by the margin available on your trading platform.
Max lot size exposure per instrument
The temporary max lot exposure per instrument is only applicable to funded accounts for the initial 3 months after the first trade is placed.
Examples, according to account size:

50k Account
2.5 lot exposure per instrument

100k Account
5.0 lot exposure per instrument

200k Account
10 lot exposure per instrument

Please note, you can still trade your max lot exposure with multiple instruments.
For example, on 200K account you can open multiple 10 lots per instrument simultaneously such as 10 XAUUSD, 10 EURUSD, 10 USDJPY and 10 NAS100 or any other instrument/pair of your preference.

  1. 3 months after you placed the first trade on a funded account, you may request an account review for the max lot exposure per instrument to be removed directly on our website on “My Account” https://theproptrading.com.au/my-account/



I may still go for it next week. After some consideration of course. I like that they do not have the minimum day trading rule on their evaluation.

  • #3,592
  • Sep 8, 2021 3:45am Sep 8, 2021 3:45am
Quoting Koop
{quote} lol Was about to dip my foot into this one as well... 50k challenge.. Until i noticed this... During the Evaluation Program you can trade the maximum position size allowed by the margin available on your trading platform. Max lot size exposure per instrument The temporary max lot exposure per instrument is only applicable to funded accounts for the initial 3 months after the first trade is placed. Examples, according to account size: 50k Account 2.5 lot exposure per instrument 100k Account 5.0 lot exposure per instrument 200k Account 10...

Yes, I failed my challenge anyway, heavily medicated right now and fell asleep with trades open. they went into profit then market collapsed lol. oh well shit happens.
  • #3,593
  • Sep 8, 2021 3:55am Sep 8, 2021 3:55am
Quoting Takisd
{quote} Yes, I failed my challenge anyway, heavily medicated right now and fell asleep with trades open. they went into profit then market collapsed lol. oh well shit happens.
Ah, take it easy man. Best to lay off the trading for now in general.
Get well soon!!
Assuming those are not recreational drugs lol.
  • #3,594
  • Sep 8, 2021 4:23am Sep 8, 2021 4:23am
Quoting Koop
{quote} lol Was about to dip my foot into this one as well... 50k challenge.. Until i noticed this... During the Evaluation Program you can trade the maximum position size allowed by the margin available on your trading platform. Max lot size exposure per instrument The temporary max lot exposure per instrument is only applicable to funded accounts for the initial 3 months after the first trade is placed. Examples, according to account size: 50k Account 2.5 lot exposure per instrument 100k Account 5.0 lot exposure per instrument 200k Account 10...
Do they have bi-weekly payouts? The one thing that put me off was the fact that they don't offer MT4 which means that all my indi's, EA's and scripts won't work and it's a pain to start using copy trading and sitting with one's VPS open all the time.

Anyway good luck if you go for it
  • #3,595
  • Sep 8, 2021 4:42am Sep 8, 2021 4:42am
Quoting Takisd
{quote} Yes, I failed my challenge anyway, heavily medicated right now and fell asleep with trades open. they went into profit then market collapsed lol. oh well shit happens.
You are not professional trader. You might have some former broker experience, but you should listen and learn more than writing posts.
  • #3,596
  • Sep 8, 2021 4:47am Sep 8, 2021 4:47am
Whats up Masterrmind ? I see your MFF demo performance on 100k and 200k evaluation accounts. You struggle. Your risk management is not professional at all. And you have 36 years of experience but not far away from an amateur trader. You are in a kind of medium phase where you need more 10 years from here I would say. If you are still alive after 46 years watching and trading I do not know. But I would say you will not do it and get rich, but there is still some smaller chance. You must work a lot more on your edge and risk management. Maybe you should look on other markets/asset classes. Sorry.
  • #3,597
  • Sep 8, 2021 5:01am Sep 8, 2021 5:01am
Quoting Takisd
{quote} Yes, I failed my challenge anyway, heavily medicated right now and fell asleep with trades open. they went into profit then market collapsed lol. oh well shit happens.
I know that feel I go through times of bad brain fog and cant think straight, I generally avoid trading cause it often ends up with bad trades.

Some rebound with indices atm but short lived imo.
  • #3,598
  • Sep 8, 2021 5:10am Sep 8, 2021 5:10am
Quoting QAndy
Whats up Masterrmind ? I see your MFF demo performance on 100k and 200k evaluation accounts. You struggle. Your risk management is not professional at all. And you have 36 years of experience but not far away from an amateur trader. You are in a kind of medium phase where you need more 10 years from here I would say. If you are still alive after 46 years watching and trading I do not know. But I would say you will not do it and get rich, but there is still some smaller chance. You must work a lot more on your edge and risk management. Maybe you...
Since you asking for it you gonna get some
on a postive roll...
  • #3,599
  • Sep 8, 2021 5:20am Sep 8, 2021 5:20am
Quoting QAndy
Whats up Masterrmind ? I see your MFF demo performance on 100k and 200k evaluation accounts. You struggle. Your risk management is not professional at all. And you have 36 years of experience but not far away from an amateur trader. You are in a kind of medium phase where you need more 10 years from here I would say. If you are still alive after 46 years watching and trading I do not know. But I would say you will not do it and get rich, but there is still some smaller chance. You must work a lot more on your edge and risk management. Maybe you...
Lmaoo I can't tell if this is a serious post.

I mean, PaulaMF and Jmoreno are legends..... but there is something about this QAndy

Quoting Mtinifx
{quote} Do they have bi-weekly payouts? The one thing that put me off was the fact that they don't offer MT4 which means that all my indi's, EA's and scripts won't work and it's a pain to start using copy trading and sitting with one's VPS open all the time. Anyway good luck if you go for it
Yeahh, that MT5 thing is a problem. Never liked the platform as a whole.. especially on mobile where i execute.
No Bi-weekly payouts.... only MFF currently offer that i think.
  • #3,600
  • Sep 8, 2021 5:29am Sep 8, 2021 5:29am
Quoting QAndy
Whats up Masterrmind ? I see your MFF demo performance on 100k and 200k evaluation accounts. You struggle. Your risk management is not professional at all. And you have 36 years of experience but not far away from an amateur trader. You are in a kind of medium phase where you need more 10 years from here I would say. If you are still alive after 46 years watching and trading I do not know. But I would say you will not do it and get rich, but there is still some smaller chance. You must work a lot more on your edge and risk management. Maybe you...
what about your results? Show us your performance so we can learn from the pros like you.
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