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  • #16,521
  • Jun 9, 2023 6:29am Jun 9, 2023 6:29am
Quoting ianhjulberg
Hi All, Is there a consensus on how much to risk per trade during an evaluation? 1% ? 3% ?
-This will depend on how you trade. If your strategy allows for 2 good trades per day, then you will likely have to take on more risk than someone that can take 10 good trades per day. Also, percentages can be calculated by either account balance (fake), or draw-down allowance (real), so any answers that you may receive may vary based on which measure people are using.

Quoting ianhjulberg
For the traders who have earned funded accounts, did you employ a different (more aggressive) approach during the evaluation vs your normal trading approach? Thanks
-You pretty much have to, unless your normal trading involves flipping (doubling) an account in 1-month or less. Some firms now offer challenges that do not have time-limits, however, so you may get different answers based on this, as well.
  • #16,522
  • Edited 6:53am Jun 9, 2023 6:33am | Edited 6:53am
Quoting ianhjulberg
Hi All, Is there a consensus on how much to risk per trade during an evaluation? 1% ? 3% ? For the traders who have earned funded accounts, did you employ a different (more aggressive) approach during the evaluation vs your normal trading approach? Thanks
It really depends on your system's accuracy and if the market cooperates enough for you to get lucky while over risking. I roll with 2% risk in phase 1s and have failed about 28% of the time over the last 1 1/2 years, if I run into a losing streak of 60% my historical max the account is toast. That being said, it's a calculated risk on my part. I would rather pay > fail > pay again > pass in 1 month than go through endless free retakes waiting for an exceptional month to hit the required target @ lower risk. My live accounts are traded around 0.9% risk, I also drop that risk in 1/2 when below -1.8%. I have not lost an account in the same 1 1/2 years.
  • #16,523
  • Jun 9, 2023 6:58am Jun 9, 2023 6:58am
Makes sense.
Thanks
  • #16,524
  • Jun 9, 2023 7:51am Jun 9, 2023 7:51am
Quoting Takisd
{quote} No man, you can give fantasy land conditions and still manage flow.
What a great name for a new prop firm. FFF aka "Fantasy Island Funding" in the same vein as Blakes cartoon clown show of a firm.
Trade with confidence, trade without fear.
  • #16,525
  • Jun 9, 2023 8:17am Jun 9, 2023 8:17am
Quoting Nsak3y
{quote}-Ah. No worries at all. {quote}-This makes a lot of sense. Josh at MFF is the only one that seems to know more than just retail trading. I can only guess, though, because I feel like I barely know retail trading myself. {quote}-Well, maybe finding a good balance that is reasonable will be sufficient. The interesting thing is that there are a lot of things that can be tweaked, especially since it looks like most traders are willing to try new things so long as the offerings are reasonable.
Josh and one of the guys at FTMO are institutional guys. There is a low level retail guy at e8. The rest of the prop firms are run managed and played with by doormen, instagram "scamfluencers", SMC/ICT losers and more. Basically people who don't know what FX is.

I think thats why you will find FTMO and MFF feeds are the better ones. The other companies cannot change them positively or look for depth. The only "edge" a company can get if they do not have their own server is in marketing. The margins are thinning significantly so the down tick is coming and fast.

The question is, where will the regulation angle come from? Will it be gamification of financial markets? If so, you can expect a collaborated effort from the US, UK, EU and Australia. Is it marketing practices? Then it will be individual regulators based on how the product is marketed in their country. Will it be dodd frank 2.0? Which would suggest that the individuals participating do not have the intelligence to participate.

The drama is coming and it will for sure make Jessica Ghaney cry a little less knowing she will have a lot of pals on the loser plane.
  • #16,526
  • Jun 9, 2023 8:18am Jun 9, 2023 8:18am
Quoting Cryptosurf
{quote} What a great name for a new prop firm. FFF aka "Fantasy Island Funding" in the same vein as Blakes cartoon clown show of a firm.
Press F in chat.
  • #16,527
  • Jun 9, 2023 8:35am Jun 9, 2023 8:35am
Quoting Takisd
{quote} Josh and one of the guys at FTMO are institutional guys. There is a low level retail guy at e8. The rest of the prop firms are run managed and played with by doormen, instagram "scamfluencers", SMC/ICT losers and more. Basically people who don't know what FX is. I think thats why you will find FTMO and MFF feeds are the better ones. The other companies cannot change them positively or look for depth. The only "edge" a company can get if they do not have their own server is in marketing. The margins are thinning significantly...
LOL Takisd. I see you don't like ICT those kind either. I started to get tired of them too .. its like cult. I get annoyed seeing them in my twitter feed...
  • #16,528
  • Jun 9, 2023 9:35am Jun 9, 2023 9:35am
Quoting Takisd
The question is, where will the regulation angle come from? Will it be gamification of financial markets? If so, you can expect a collaborated effort from the US, UK, EU and Australia. Is it marketing practices? Then it will be individual regulators based on how the product is marketed in their country. Will it be dodd frank 2.0? Which would suggest that the individuals participating do not have the intelligence to participate.
-
  • #16,529
  • Jun 9, 2023 9:35am Jun 9, 2023 9:35am
Quoting Cryptosurf
What a great name for a new prop firm. FFF aka "Fantasy Island Funding" in the same vein as Blakes cartoon clown show of a firm.
-Reminds me of Idiocracy. I could see things becoming so ridiculous that we see names like Ponzi Funding or Super Blake Funding etc..
  • #16,530
  • Jun 9, 2023 10:56am Jun 9, 2023 10:56am
Quoting Boulder
{quote} LOL Takisd. I see you don't like ICT those kind either. I started to get tired of them too .. its like cult. I get annoyed seeing them in my twitter feed...
All I see is the IML people re-marketing as X then renaming it Y then renaming it Z and churning and churning. When I (rarely) get access to companies databases for research I always look for the names of the influencers and stuff I see online. The graveyard is big.
  • #16,531
  • Jun 9, 2023 10:59am Jun 9, 2023 10:59am
Quoting Takisd
{quote} All I see is the IML people re-marketing as X then renaming it Y then renaming it Z and churning and churning. When I (rarely) get access to companies databases for research I always look for the names of the influencers and stuff I see online. The graveyard is big.
Exactly..
  • #16,532
  • Jun 9, 2023 12:52pm Jun 9, 2023 12:52pm
Originally, I was keen on Elon buying twitter. But now..... nope. Its basically become the darkweb but without cool stuff. Someone needs to report to Elon to see what the prop space is doing to his X project.
  • #16,533
  • Jun 9, 2023 1:36pm Jun 9, 2023 1:36pm
New one
https://smartfundedtrader.com/
  • #16,534
  • Jun 9, 2023 2:16pm Jun 9, 2023 2:16pm
Quoting sampat
New one https://smartfundedtrader.com/
So far, it sucks but Riz is in on it so it has a chance if it changes due to his platform on youtube.
  • #16,535
  • Jun 9, 2023 4:34pm Jun 9, 2023 4:34pm
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  • #16,536
  • Jun 9, 2023 5:35pm Jun 9, 2023 5:35pm
Quoting Takisd
{quote} So far, it sucks but Riz is in on it so it has a chance if it changes due to his platform on youtube.
Yeah, this rule in particular sucks for swing traders: https://help.smartfundedtrader.com/e...6-news-trading
  • #16,537
  • Jun 10, 2023 11:11am Jun 10, 2023 11:11am
Quoting sampat
Nuovo https://smartfundedtrader.com/
I think they could do better... they put the 5k challenge at $79, they could put it like the competitors. btw they have a nice broker with low spreads.
  • #16,538
  • Jun 10, 2023 3:37pm Jun 10, 2023 3:37pm
Quoting sampat
New one https://smartfundedtrader.com/
no physical address , no phone listed, another fly by !
  • #16,539
  • Jun 11, 2023 3:35pm Jun 11, 2023 3:35pm
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Expecting to see a lot more of this soon.
  • #16,540
  • Jun 11, 2023 3:44pm Jun 11, 2023 3:44pm
Quoting Takisd
Expecting to see a lot more of this soon.
-Bummer. Let's see how Mr. Transparency responds to this. MFFX should not have a problem with paying that amount, at this point. Curious to hear both sides of this story.

I think, props are a great way to fund personal accounts. But people need to be realistic, especially with newer firms. Unless it's MFF or FTMO, I would not try to push much over 30k/month with most firms, but that's just me.
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