DislikedRight, but diverifying risk in this space is simple ... so once again, figuring out the how's and why's to me is a complete waste of brain power.Ignored
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
DislikedRight, but diverifying risk in this space is simple ... so once again, figuring out the how's and why's to me is a complete waste of brain power.Ignored
Disliked{quote} The funny thing is that despite this being discussed here, over and over again, there are no solid conclusions. And I believe this topic has an above average knowledge and experience in props and also people with good analytic skills. Not discouraging the discussion at all. Far from that, this is the right place. I just think we won't reach a conclusion again.Ignored
Disliked{quote}-I do not look at like that. I see it as a precautionary warning to traders to not trade around big news events. And although I dislike having these kinds of restrictions on my trading, I do think that there is a difference between good practices and bad practices. For example, forcing traders to not execute trades during big news events can help to create good habits, even if the general idea is to try to trip up traders. At the very least, it will force traders to simply be more aware of such news events, which will ultimately make them...Ignored
DislikedThe funny thing is that despite this being discussed here, over and over again, there are no solid conclusions. ... I just think we won't reach a conclusion again.Ignored
Disliked{quote}-I do not look at like that. I see it as a precautionary warning to traders to not trade around big news events. And although I dislike having these kinds of restrictions on my trading, I do think that there is a difference between good practices and bad practices. For example, forcing traders to not execute trades during big news events can help to create good habits, even if the general idea is to try to trip up traders. At the very least, it will force traders to simply be more aware of such news events, which will ultimately make them...Ignored
DislikedSo a trader with a 0.5% stop loss during news (even if he gets slipped double his s/l it's 1.0) is bad, but the yolo trader who trades 5 minutes after the news with the entire account on the line is good? The hypocricy in these firms is the most irritating thing to me as it is a straight up insult to our intelligence.Ignored
DislikedWe agree in disagreeing. There's no harm in having a 0.5% SL hit at that time or a TP which is coming from 2 days ago and simply got too close to the TP, close to the news time. It's not necessarily a sign of bad trading IMO.Ignored
Disliked{quote}-Oh no no. I am not at all claiming that these firms are not shady hypocrites. I am simply stating that some practices may prove beneficial while others are just nonsensical. Even though I do not agree with most restrictions, I do see how some can be beneficial to traders, even if the reasoning and purpose for the restrictions is something totally nefarious and crappy. But forcing traders to take whole positions in lieu of breaking them up into smaller sizes is just scammy hogwash.Ignored
Disliked{quote} The funny thing is that despite this being discussed here, over and over again, there are no solid conclusions. And I believe this topic has an above average knowledge and experience in props and also people with good analytic skills. Not discouraging the discussion at all. Far from that, this is the right place. I just think we won't reach a conclusion again.Ignored
DislikedBut then, if we follow you logic of thought, the ideal rules would be ... ... if a prop had all this they would be hated.Ignored
Disliked{quote}But forcing traders to take whole positions in lieu of breaking them up into smaller sizes is just scammy hogwash.Ignored
DislikedI don't understand this logic. They are providing the opportunity. They are taking on the risk while the trader essentially has none. If they say you're not allowed to break up trades either fall in line or find another source of capital. You don't have to whine or complain, just produce your own capital and trade the way you want. "I'm entitled to your resources. Let me do what I want or I'll call you names in the forum!"Ignored
Disliked5% DD to 10%DD is not realistic professional trading conditions and will see most participants fail. No? Discounts, discounts, giveaway,s giveaways in the land of lets get funded if you can not have drawdowns like pro traders. Which firm has 30% DD and 4% target and is not a silly challenge model? There has to be one, no?Ignored
DislikedWhich firm has 30% DD and 4% target and is not a silly challenge model? There has to be one, no?Ignored
Disliked{quote} I don't understand this logic. They are providing the opportunity. They are taking on the risk while the trader essentially has none. If they say you're not allowed to break up trades either fall in line or find another source of capital. You don't have to whine or complain, just produce your own capital and trade the way you want. "I'm entitled to your resources. Let me do what I want or I'll call you names in the forum!"Ignored