Prop Firm Hub | Page 894 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

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

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #17,861
  • Jul 15, 2023 9:34am Jul 15, 2023 9:34am
Quoting sol4live
I have been developing a strategy. I have attached here the performance so far. IF YOU DON'T MIND BUYING ME A CHALLENGE for profit sharing, contact me. {image}
So you made $128,000 in 3 weeks and you want someone to buy you a challenge? Where do I sign up?
Pride always comes before destruction.... -Proverbs 16:18
  • #17,862
  • Jul 15, 2023 9:36am Jul 15, 2023 9:36am
Quoting OutThere
{quote} Explain. Otherwise, the same statement applies to your comment.
NO TAKSIES BACKSIES.
  • #17,863
  • Jul 15, 2023 9:42am Jul 15, 2023 9:42am
Quoting Takisd
{quote} NO TAKSIES BACKSIES.
So, you don't have clue. Not surprised.
  • #17,864
  • Jul 15, 2023 9:43am Jul 15, 2023 9:43am
Quoting Expo33
{quote} So you made $128,000 in 3 weeks and you want someone to buy you a challenge? Where do I sign up?
  • #17,865
  • Jul 15, 2023 9:47am Jul 15, 2023 9:47am
Quoting OutThere
{quote} So, you don't have clue. Not surprised.
You took "your trading must be your own" as "NO EAS ALLOWED" thats why it was stupid.

But your holier than thou attitude probably smoke screened the plain english.
  • #17,866
  • Jul 15, 2023 9:47am Jul 15, 2023 9:47am
Here is the bottom line..........
1. MFF and FTMO are the two largest, most reputable firms, BY FAR AND AWAY, and have been for several years. Biggest complaint has always been, it's not realistic to earn the 8-10% in 30 days.
2. New firms have come and "improved" the model, offering unlimited time to pass.
3. MFF and FTMO now offer unlimited time.
In a nutshell, the two largest, most reputable firms, with history of payouts in the millions, now offer unlimited time to pass.

YET,
The MFF and FTMO haters are still crying and whining about shit. WFT do you people want?????????
  • #17,867
  • Jul 15, 2023 10:07am Jul 15, 2023 10:07am
Quoting Expo33
{quote} So you made $128,000 in 3 weeks and you want someone to buy you a challenge? Where do I sign up?
That is a Demo account.


You can send me a PM
  • #17,868
  • Jul 15, 2023 10:19am Jul 15, 2023 10:19am
Quoting sol4live
{quote} That is a Demo account. You can send me a PM
I'll get right on that.
Attached Image (click to enlarge)
Click to Enlarge Name: UM.jpg Size: 93 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #17,869
  • Jul 15, 2023 10:27am Jul 15, 2023 10:27am
Quoting Takisd
{quote} You took "your trading must be your own" as "NO EAS ALLOWED" thats why it was stupid. But your holier than thou attitude probably smoke screened the plain english.
If you can read, it says under rule #3 that EAs are allowed and under rule #4, it says if they see one magic#, their head will explode and their pockets filled even more.

Ya, your comprehension of English is questionable as well as your effectiveness as as shill.
  • #17,870
  • Jul 15, 2023 11:24am Jul 15, 2023 11:24am
Quoting turnip15
{quote} Well I knew it would happen should I disturb the cosy world of some opinion makers here and their acolytes. Some of you guys complained to TWEE about affiliate links ?? I assure you all I have no such connection with either firm but consider them great alternatives to many firms promoted here by a cabal of some self appointed experts (sic) here. I will post other firms, in the spirit of fairness, free speech ( yes) and a wider field of choice, if I find any, that I think worthy of consideration but for now the two noted by me are worthy...
Why do you keep insisting that "the two noted by me are worthy of your interest" if FT+ is a garbage with trailing stop ?

I can understand 5ers (I'm doing a challenge with them myself, as I said, despite I don't like the max alocation of only 100K) but a prop with trailing DD is something to be miles away.
  • #17,871
  • Jul 15, 2023 11:35am Jul 15, 2023 11:35am
Quoting pipmaster77
Here is the bottom line.......... 1. MFF and FTMO are the two largest, most reputable firms, BY FAR AND AWAY, and have been for several years. Biggest complaint has always been, it's not realistic to earn the 8-10% in 30 days. 2. New firms have come and "improved" the model, offering unlimited time to pass. 3. MFF and FTMO now offer unlimited time. In a nutshell, the two largest, most reputable firms, with history of payouts in the millions, now offer unlimited time to pass. YET, The MFF and FTMO haters are still crying and whining about shit. WFT...
I take time limit any day with increased DD give me 2x the current DD model as your beloved MFF and FTMO got rather than unlimited time.Before I was at least forced to trade better now newbies will try to trade reckless with 0.01lot instead.
Since whoever wants unlimited time will just force people to trade 0.01 lot account who are new at least and hope they will score big but slowly. But even 0.01lot will make them hit DD eventually as new traders just takes bit slower. So this whole unlimited business do not help new traders only very experienced once if so and swing traders.

From what I've noticed its the DD which is the true bottleneck always in the markets ive tried of forex prop firms, just 2x DD from current models would have made i would say most even profitable in certain markets I test as they do bounce back from those levels. To make decent profits.

Sure most of the future prop firms now removed the DD last months or so to only trailing drawdowns which makes them more lucrative than unlimited time prop forex firms if you want to become a good trader and as some say more realistic environment. Yes even if you have to hit profit constantly with trailing drawdowns its still better than the forex prop firms. But most markets fluctuate so much they need room to bounce around.

These forex prop firms interest me since they are more simple to use than futures prop firms. But forex prop firms DD limits if you ask me are way worse then the future prop firms which might even make the $150 bucks a month worth it for newcomers .

The changes as I see it caters to swing traders not day traders generally. Basically most people who just want to try their share of luck. Who normally also have fun with stocks with share of luck. But of course most think this is all fine and great with the same DD structure. Makes 0 sense in the bigger picture.

One main reason I react is since they give don't daytraders much options now and even removing the free retries and of course how they now start to slice the leverages of indices. Its a pattern I dislike for in sacrifice for the beloved unlimited time.
  • #17,872
  • Jul 15, 2023 12:01pm Jul 15, 2023 12:01pm
Quoting pipmaster77
Here is the bottom line.......... 1. MFF and FTMO are the two largest, most reputable firms, BY FAR AND AWAY, and have been for several years. Biggest complaint has always been, it's not realistic to earn the 8-10% in 30 days. 2. New firms have come and "improved" the model, offering unlimited time to pass. 3. MFF and FTMO now offer unlimited time. In a nutshell, the two largest, most reputable firms, with history of payouts in the millions, now offer unlimited time to pass. YET, The MFF and FTMO haters are still crying and whining about shit. WFT...
May be... may be.

The Free retry should remain.
Intraday only.
  • #17,873
  • Jul 15, 2023 12:09pm Jul 15, 2023 12:09pm
so the new crap trader ask is for the ability to lose 50% of the account it seems. Also instant payments any day of the week.

LETS GO CHARITYYYYY.
  • #17,874
  • Jul 15, 2023 12:16pm Jul 15, 2023 12:16pm
Quoting labu
{quote} I take time limit any day with increased DD give me 2x the current DD model as your beloved MFF and FTMO got rather than unlimited time.Before I was at least forced to trade better now newbies will try to trade reckless with 0.01lot instead. Since whoever wants unlimited time will just force people to trade 0.01 lot account who are new at least and hope they will score big but slowly. But even 0.01lot will make them hit DD eventually as new traders just takes bit slower. So this whole unlimited business do not help new traders only very...
Here is the thing with futures prop firms which makes them unique. Futures prop firm doesn't have 10% allowed drawdown. At max you get 2.5% so 50K in forex is not equal to 50K in futures. Futures prop firm works on monthly model and illusion of having cheap as with discounts you can get 50K account with only 30-50$ with no daily DD and effective target of 3% with 2.5% trailing equity and only 1 phase. Here is the catch once you pass you have to pay 150$ (for 50K account) as data fees. So effectively you are paying 200$ for 2-3K allowed drawdown once you pass. It is not refundable
Equity trailing drawdown is 10 times more tougher than non trailing drawdown unless traders takes YOLO trades on indices.
You can't withdraw unless you build cushion equal to allowed drawdown (around 2.5K for 50K account) also any withdrawals will reduce your allowed drawdown. So effectively you have to make 5% to withdraw 2.5% of account and still maintains original allowed drawdown. Drawdown stops after that this is where you can really leverage futures prop firms. There is restrictions to withdraw within first 1-3 months. You can't make 30-40% of total profit within in single day on funded. If you do so you have to make 3 times more to be eligible to withdraw. You have to be flat by EOD.
They will give you 100% of money made till 10K-25K per account depending on type of firm. Once you pass 5% in futures prop firms is way better than forex as there is no DD and you can make serious money trading futures with 100% profit no profit split otherwise forex prop firms are way better with no rules.
I think forex prop firms are 10 times better than futures where you cant get refund and no withdrawal thresholds no monthly fees and now no time limit.
  • #17,875
  • Jul 15, 2023 12:27pm Jul 15, 2023 12:27pm
Quoting navk
{quote} May be... may be. The Free retry should remain.
Where do any of you see the need for a free retry if the time is unlimited?
The free retry was if you were in profit but didn't hit the target WITHIN THE ALLOTED TIME. Now, with un limited, you just continue to trade.
What is everyone missing here? Retrys and extensions are not necessary if there is unlimited time to pass.
Can someoe please provide me an example of when a free retry would be necessary if time is unlimited?
There were no free retries if you exceeded the max daily or max total DD, there was only free retries/ extensions if you were in profit. Now, with unlimited, you do not even need to be in profit in 30 days, 60 days, whatever.....just keep trading until you hit the target without violated the loss......take all the time you need.
  • #17,876
  • Jul 15, 2023 12:28pm Jul 15, 2023 12:28pm
Quoting labu
{quote} I take time limit any day with increased DD give me 2x the current DD model as your beloved MFF and FTMO got rather than unlimited time.Before I was at least forced to trade better now newbies will try to trade reckless with 0.01lot instead. Since whoever wants unlimited time will just force people to trade 0.01 lot account who are new at least and hope they will score big but slowly. But even 0.01lot will make them hit DD eventually as new traders just takes bit slower. So this whole unlimited business do not help new traders only very...
Can you explain how one can "trade recklessly with 0.01 lot"?
  • #17,877
  • Jul 15, 2023 12:29pm Jul 15, 2023 12:29pm
Quoting sampat
{quote} Here is the thing with futures prop firms which makes them unique. Futures prop firm doesn't have 10% allowed drawdown. At max you get 2.5% so 50K in forex is not equal to 50K in futures. Futures prop firm works on monthly model and illusion of having cheap as with discounts you can get 50K account with only 30-50$ with no daily DD and effective target of 3% with 2.5% trailing equity and only 1 phase. Here is the catch once you pass you have to pay 150$ (for 50K account) as data fees. So effectively you are paying 200$ for 2-3K allowed drawdown...
As anyone with an ounce of intelligence can see. 100% agree.
  • #17,878
  • Jul 15, 2023 12:30pm Jul 15, 2023 12:30pm
Quoting pipmaster77
{quote} Where do any of you see the need for a free retry if the time is unlimited? The free retry was if you were in profit but didn't hit the target WITHIN THE ALLOTED TIME. Now, with un limited, you just continue to trade. What is everyone missing here? Retrys and extensions are not necessary if there is unlimited time to pass. Can someoe please provide me an example of when a free retry would be necessary if time is unlimited? There were no free retries if you exceeded the max daily or max total DD, there was only free retries/ extensions if...
I agree.

People loose challenges due to taking high risk. With limited time.

Now that no time limit... but people need to adjust to this concept.

MFF/FTMO want traders to do challenges like Funded account.

Here again Prop firm is the winner.
Intraday only.
  • #17,879
  • Jul 15, 2023 12:55pm Jul 15, 2023 12:55pm
Quoting KoyaAndy18
for those who wanna save on evaluations like me, fxify has a good sale rn, only $60 for a $15,000 challenge. code is social 15k {image}
extremely attractive price
Intraday only.
  • #17,880
  • Jul 15, 2023 12:56pm Jul 15, 2023 12:56pm
Quoting navk
{quote} I agree. People loose challenges due to taking high risk. With limited time. Now that no time limit... but people need to adjust to this concept. MFF/FTMO want traders to do challenges like Funded account. Here again Prop firm is the winner.
i m struggling to understand ur concept buddy. how are prop firms winners if u have unlimited time to pass the challenge? how is the trader forced to adapt to no time limit?
it all comes down to risk management. let s not BS it around. i lost the account cos of spread, or slippage, or news. how the F is that even possible except ur trading without SL or u go balls to the walls hoping to hit it big?
also i see some traders calling for regulation cos they can t adapt to props or just can t freaking trade. where the fudge is @MasterMind? i think we need a bit of moderation.
there s been talks about regulations since this thread was open, Funding Talent went tits up and still nothing changed pretty much. i d say focus on passing these challenges and get some payouts so u can trade ur own accounts if push comes to shuv, rather then bitchin on here all day long.
if u have some serious concerns, denied payout, malicious practices and so on then share, other then that>>>this isn t Facebook.
36 traders viewing now