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  • #17,881
  • Jul 15, 2023 1:04pm Jul 15, 2023 1:04pm
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.
Who passed challenges in 1 hour will go on doing so
Who passed in 1 week the same
Who passed in 30 day (or very close) won't have any pressure
Who could not pass in 30 days may have a chance now

How is prop firm the winner ? I think the trader is the winner here in terms of trading conditions
  • #17,882
  • Jul 15, 2023 1:06pm Jul 15, 2023 1:06pm
Quoting 1odi
{quote} 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...
See the thing is.. Traders were saying limited time was the reason for people loosing challenges.

Actually it is not.

MFF already was giving 30 days + 4 weeks to pass.

Why is the question of unlimited time ?

People loose challenges due to high risk taking.

Do you think by unlimited time concept Traders will change their risk taking ?

This is why I say, UNLIMITED TIME IS JUST YET ANOTHER WAY. I said Prop firms are winners.

The traders can become winner only IF THEY REALLY CUT SHORT risk taking and trade a 10k account for months or years by trading 0.01 lots or slighly more.

Hope you get my point.
Intraday only.
  • #17,883
  • Jul 15, 2023 1:07pm Jul 15, 2023 1:07pm
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.
Prop firm may be or hope to be a winner depending on how they hedge or place funded account.
By giving unlimited time on challenges they hope trader continues same practice in funded account.
They are not worried about consistent steady trader as they can make 2-5% more or less monthly which is easily covered by new traders fees.
They are more worried about YOLO trades as imagine if I put 500-600 units of US30 and put 20 point stop and market moves 500-600 points they will loose 300K per trader and firms like FTMO and MyFF will have have 100K funded account and if 0.1% traders does it they will become Funding Talent.
The bigger prop firm chances of occurrence is even more.
  • #17,884
  • Jul 15, 2023 1:08pm Jul 15, 2023 1:08pm
Quoting Capablanca
{quote} Who passed challenges in 1 hour will go on doing so Who passed in 1 week the same Who passed in 30 day (or very close) won't have any pressure Who could not pass in 30 days may have a chance now How is prop firm the winner ? I think the trader is the winner here in terms of trading conditions
I would say, extreme accuracy is needed for trading prop account, whether one is passing in 1 hr or 30 days or 30 days + 4 weeks.
Intraday only.
  • #17,885
  • Jul 15, 2023 1:10pm Jul 15, 2023 1:10pm
Quoting Takisd
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.
You're joking but it's a very easy and low risk forecast to say that the next big move will be "first payout in X days".

E8 already had it in 7 or 8 days and FXIFY came recently with 24 hours (according to Vitore it was even less). Now that they lost the "unlimited" card, this will be, clearly, the next "big thing" from the cowboys.

Then there are retards also begging props for 50% discount in 100K, 200 and 400K challenges. If we ever see this that, then it's time to switch off the lights.
  • #17,886
  • Jul 15, 2023 1:11pm Jul 15, 2023 1:11pm
If a person who can not pass challenge in 30 days + 4 weeks extension , he/she can forget passing challenge...

OR

Trade a personal account with 1000 usd
Intraday only.
  • #17,887
  • Jul 15, 2023 1:13pm Jul 15, 2023 1:13pm
Quoting Capablanca
{quote} You're joking but it's a very easy and low risk forecast to say that the next big move will be "first payout in X days". E8 already had it in 7 or 8 days and FXIFY came recently with 24 hours (according to Vitore it was even less). Now that they lost the "unlimited" card, this will be, clearly, the next "big thing" from the cowboys. Then there are retards also begging props for 50% discount in 100K, 200 and 400K challenges. If we ever see this that, then it's time to switch off the lights.
I have seen 40 % discount sometimes with TFTP.
Intraday only.
  • #17,888
  • Jul 15, 2023 1:16pm Jul 15, 2023 1:16pm
And MFF came out with this unlimited time concept to be in line with FTMO.

That is all.
Intraday only.
  • #17,889
  • Edited 1:31pm Jul 15, 2023 1:17pm | Edited 1:31pm
Quoting navk
{quote} I would say, extreme accuracy is needed for trading prop account, whether one is passing in 1 hr or 30 days or 30 days + 4 weeks.
dude, people who complained that the time limit was shit had a point as 1 would feel forced to place trades to make it within the time window. now that there isn t a time limit, what s the issue?!

what accuracy dude? i could trade off 1 hr charts or 4hr with larger stops and still pass within 30 days. i think it all comes down to how u are taught to trade and how u manage risk.
there isn t a downside for traders with unlimited time, altho there might be 1 for props with traders keeping those challenges for months on end afraid of losing the challenge and risk clogging up the servers.
other then that rest it s all BS and marketing.
stay away from news like NFP, FOMC, CPI, INTEREST RATES, use risk in % with a SL, trade only what u perceive to be high probability setups and u gonna do great specially since u have NO TIME LIMIT.
  • #17,890
  • Jul 15, 2023 1:17pm Jul 15, 2023 1:17pm
Quoting navk
{quote} See the thing is.. Traders were saying limited time was the reason for people loosing challenges. Actually it is not. MFF already was giving 30 days + 4 weeks to pass. Why is the question of unlimited time ? People loose challenges due to high risk taking. Do you think by unlimited time concept Traders will change their risk taking ? This is why I say, UNLIMITED TIME IS JUST YET ANOTHER WAY. I said Prop firms are winners. The traders can become winner only IF THEY REALLY CUT SHORT risk taking and trade a 10k account for months or years by...
I'm one of those that will be better with unlimited.

Sometimes I was approaching the 30 days with -5 or -4%. I was forced to make unusual (for me) coin flips to be able to get a free retake.
If I had not the pressure (unlimited instead of 30 days) I would go on recovering in 1 or 2% increments, which is my style.

This is a case where the trader is a winner. Not the prop.
  • #17,891
  • Jul 15, 2023 1:18pm Jul 15, 2023 1:18pm
The ones who trade with extreme accuracy will wait for set up to occur, hours, or days or week.

The ones who asking unlimited not sure of set ups.
Intraday only.
  • #17,892
  • Jul 15, 2023 1:20pm Jul 15, 2023 1:20pm
Quoting 1odi
{quote} dude, people who complained that the time limit was shit had a point as 1 would feel forced to place trades to make it within the time window. now that there isn t a time limit, what s the issue?! what accuracy dude? i could trade off 1 hr charts or 4hr with larger stops and still pass within 30 days. i think it all comes down to how u are taught to trade and how u manage risk. there isn t no downside for traders with unlimited time, altho there might me 1 for props with traders keeping those challenges for months on end afraid of losing...
Trust me.

Those who passed within 8 hrs had seen an accurate set up and that is why he was able to win in one shot.
Intraday only.
  • #17,893
  • Jul 15, 2023 1:20pm Jul 15, 2023 1:20pm
Quoting navk
The ones who trade with extreme accuracy will wait for set up to occur, hours, or days or week. The ones who asking unlimited not sure of set ups.
  • #17,894
  • Jul 15, 2023 1:21pm Jul 15, 2023 1:21pm
Quoting Capablanca
{quote} I'm one of those that will be better with unlimited. Sometimes I was approaching the 30 days with -5 or -4%. I was forced to make unusual (for me) coin flips to be able to get a free retake. If I had not the pressure (unlimited instead of 30 days) I would go on recovering in 1 or 2% increments, which is my style. This is a case where the trader is a winner. Not the prop.
My point also same.

If a person can not pass challenge in 30 days + 4 weeks extension, he/she can never pass challenge.
Intraday only.
  • #17,895
  • Jul 15, 2023 1:23pm Jul 15, 2023 1:23pm
Quoting navk
{quote} Trust me. Those who passed within 8 hrs had seen an accurate set up and that is why he was able to win in one shot.
unless that was a 1 to 10 risk to reward, assuming 1 would risk 1% per trade, sure that s more then possible. other then that, it s yolo ing. imho ofc.
  • #17,896
  • Jul 15, 2023 1:23pm Jul 15, 2023 1:23pm
Quoting Capablanca
{quote} I'm one of those that will be better with unlimited. Sometimes I was approaching the 30 days with -5 or -4%. I was forced to make unusual (for me) coin flips to be able to get a free retake. If I had not the pressure (unlimited instead of 30 days) I would go on recovering in 1 or 2% increments, which is my style. This is a case where the trader is a winner. Not the prop.
If you ask me, I will pass within 30 days or i loose challenge within 10 days.

Twice it occured to me, i took extension 4 weeks.
Intraday only.
  • #17,897
  • Jul 15, 2023 1:24pm Jul 15, 2023 1:24pm
ok guys, enjoy discussing, i am goinfg to city centre now.

bye
Intraday only.
  • #17,898
  • Jul 15, 2023 1:27pm Jul 15, 2023 1:27pm
Quoting pipmaster77
{quote} Can you explain how one can "trade recklessly with 0.01 lot"?
By not learning from the mistakes. Just that you keep digging the grave deeper and deeper not understanding what goes on. Until the psychological aspect takes over and you start to trade more recklessly and change the current system you have and felt was working. Just that now it takes more time for newbies to figure out what goes on wrong and maybe never gets the chance to be forced to do better. Time limited forces not to trade reckless and more clever and to adapt accordingly to a normal routine with profitable risk management . For those who takes trading serious I should add. But human nature is that we learn if we get hit hard and we adapt. If its slow hit we might not adapt so easily.

Trading is at least 90% psychological I noticed. The biggest mistakes comes from emotional mishaps I noticed. That coupled with an environment that eggs you on to trade loosely and without to perform better is total disaster. But again each to their own I guess. Its just bothersome. Since I felt I was lucky enough to at least trade with time limits which tbh I feel speeded up my learning 10x at least to adapt to the market and risk management. Its about psychological aspect way more than I knew. I knew it was alot about the psychological aspect from all read about but its way deeper than newbies understand. So they get tricked into this doom of hope even more now. Seeing unlimited unlimited. Cash signs. Yea right..
  • #17,899
  • Jul 15, 2023 1:30pm Jul 15, 2023 1:30pm
Quoting 1odi
{quote} dude, people who complained that the time limit was shit had a point as 1 would feel forced to place trades to make it within the time window. now that there isn t a time limit, what s the issue?! what accuracy dude? i could trade off 1 hr charts or 4hr with larger stops and still pass within 30 days. i think it all comes down to how u are taught to trade and how u manage risk. there isn t no downside for traders with unlimited time, altho there might me 1 for props with traders keeping those challenges for months on end afraid of losing...
you do not have to force yourself. You just wait for right set up and go at it !!
Intraday only.
  • #17,900
  • Jul 15, 2023 1:36pm Jul 15, 2023 1:36pm
Quoting navk
{quote} you do not have to force yourself. You just wait for right set up and go at it !!
completly agreee since there s no time limit
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