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Anyone trading with a Prop firm 31 replies

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  • #19,201
  • Aug 30, 2023 9:49am Aug 30, 2023 9:49am
Damn the news
It messed up all my plans
I will succeed Not immediately... but definitely
  • #19,202
  • Aug 30, 2023 10:15am Aug 30, 2023 10:15am
Quoting DeltaCapital
{quote} Why u avoid NY Session can you explain pls?
too much volatile is NY.

Secondly, my plan is small money in funded account, That i try to make before NY.

Once i met that target, I do not trade that account.
Intraday only.
  • #19,203
  • Aug 30, 2023 10:28am Aug 30, 2023 10:28am
Quoting Phoenix-
Damn the news It messed up all my plans
expect more in the next two days in gbp.

Buy the dips in asia /frankfurt should be the plan for gbp.
Intraday only.
  • #19,204
  • Aug 30, 2023 10:32am Aug 30, 2023 10:32am
Quoting navk
{quote} expect more in the next two days in gbp. Buy the dips in asia /frankfurt should be the plan for gbp.
special thanks dear navk
I will succeed Not immediately... but definitely
  • #19,205
  • Aug 30, 2023 10:55am Aug 30, 2023 10:55am
Quoting Dirac
{quote} Don't worry: https://www.youtube.com/watch?v=9FkmEKsjzek&t=1136s.
hmmmmm I posted that I'm getting suspicious vibes right after you posted this the 1st time yesterday and you immediately deleted the post in response. You're a new member and you only seem to be posting about Apex, are you affiliated with the prop firm?

I have a bit of interest in Apex ONLY w/ >=80% off deep discount sale, but here are all the issues...

30% best day consistency rule
no micro lots on funded to fulfill min trade days
>5% profit target to withdraw
intraday equity trailing to breakeven (no more skin in the game)
it's not required but realistically you have to leave profit as drawdown buffer to avoid blowing account
500 min withdrawal
2000 max withdrawal 2x 1st 3 payment months
  • #19,206
  • Aug 30, 2023 11:29am Aug 30, 2023 11:29am
I'm not bragging but Kathy Lien just started following me on Twitter/X.

I'm going to play hard to get and not follow her back
Pride always comes before destruction.... -Proverbs 16:18
  • #19,207
  • Aug 30, 2023 11:37am Aug 30, 2023 11:37am
Quoting CableJ
{quote} hmmmmm I posted that I'm getting suspicious vibes right after you posted this the 1st time yesterday and you immediately deleted the post in response. You're a new member and you only seem to be posting about Apex, are you affiliated with the prop firm? I have a bit of interest in Apex ONLY w/ >=80% off deep discount sale, but here are all the issues... 30% best day consistency rule no micro lots on funded to fulfill min trade days >5% profit target to withdraw intraday equity trailing to breakeven (no more skin in the game) it's not required...
Hi CableJ,

I can assure you I am not affiliated to any prop firm. I haven't deleted any posts, FF did. Perhaps your suspicious comment got them thinking. Yes I am new to FF, my background is trading futures, and I am a full time trader. I thought I would look into this CFD prop space and I joined this forum. Someone made some positive comments about Apex and I agreed they are a good firm.
  • #19,208
  • Aug 30, 2023 11:40am Aug 30, 2023 11:40am
Quoting Expo33
I'm not bragging but Kathy Lien just started following me on Twitter/X. I'm going to play hard to get and not follow her back
Lol, I thought you only have three followers the other day . Kathy must be desperate for more followers to follow her back .
  • #19,209
  • Aug 30, 2023 11:53am Aug 30, 2023 11:53am
Quoting Capablanca
{quote} I don't like this: {quote} Too subjective rules to allow payment denial. - First of all, it is obvious that we have to change strategy, depending if the market is trading or in a range. - Second, morning open is a strategy it self. Same for breakouts. I use opening breakouts which means sometimes I trade quickly after the open, sometimes only at lunch time and sometimes don't trade at all. - And, finally, I don't want to have to explain my strategy to anyone.
Neither do I. As much as I agree with the meaning of the statement I don't believe anyone in the industry is ever able to assess unfailingly whether I use a predefined strategy (or multiple strategies) which may not work right now but is profitable overall in the long run, or whether I just hope for the best.

I have experienced so many "experts" assessing my trading style with the sole intention to find an excuse for not paying out my earned profit that I already became allergic to any kind of statements like this. Whenever I come across it I'm putting the firm on my own blacklist right away.
Money is made by sitting, not trading
  • #19,210
  • Aug 30, 2023 11:55am Aug 30, 2023 11:55am
Quoting Expo33
I'm not bragging but Kathy Lien just started following me on Twitter/X. I'm going to play hard to get and not follow her back
So, now that you're dealing with the finance jet set, I guess this was your last message. It was a pleasure.
  • #19,211
  • Aug 30, 2023 11:56am Aug 30, 2023 11:56am
I had the second payout from 5ers (also 4 figures). For the first payout I had to sort out some problems so I could not access them properly.
This time it was smooth and took 1 day and 2 hours to receive it in Deel. As I said before, in 5ers they deduct immediately the amount from the account and we can go on trading without downtime.
  • #19,212
  • Aug 30, 2023 11:57am Aug 30, 2023 11:57am
Quoting Vitore
{quote} Neither do I. As much as I agree with the meaning of the statement I don't believe anyone in the industry is ever able to assess unfailingly whether I use a predefined strategy (or multiple strategies) which may not work right now but is profitable overall in the long run, or whether I just hope for the best. I have experienced so many "experts" assessing my trading style with the sole intention to find an excuse for not paying out my earned profit that I already became allergic to any kind of statements like this. Whenever I come across...
I see I'm not the only one very cynically when dealing with prop firms. Starting from not believing that "we earn when you earn" or "we're here to help you succeed".

I think it's too many years dealing with too many props.
  • #19,213
  • Aug 30, 2023 12:02pm Aug 30, 2023 12:02pm
Quoting navk
{quote} I said, in few minutes / hours I will pass phase 2 in FXIFY. I did that. But..hey wait. I traded only 2 days until now. I need to trade 3 more days to make it real account. 5 mandatory days !! {image}
Congrats! Means that we start live at about the same time and with the same accounts then! I passed yesterday and trade micro lots as of today to meet the damn 5 days rule!
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Money is made by sitting, not trading
  • #19,214
  • Aug 30, 2023 12:14pm Aug 30, 2023 12:14pm
Quoting Capablanca
{quote} I see I'm not the only one very cynically when dealing with prop firms. Starting from not believing that "we earn when you earn" or "we're here to help you succeed". I think it's too many years dealing with too many props.
the two best jokes you can tell about most prop firms

last time I believed it was when FTMO was still named Získejúčet
Money is made by sitting, not trading
  • #19,215
  • Aug 30, 2023 12:29pm Aug 30, 2023 12:29pm
Quoting Expo33
I'm not bragging but Kathy Lien just started following me on Twitter/X. I'm going to play hard to get and not follow her back
Oh yeah, well Boris follows me. I love your posts.
  • #19,216
  • Aug 30, 2023 1:02pm Aug 30, 2023 1:02pm
feel sure everyone in the entire world knows this but me......

with thinkmarkets metatrader's default symbol list is the standard..... you must activate and choose pairs using the forex x folder..... similar to the i folder 8cap.....

there is a major difference...... if having a usdjpy chart up, when you click new order to sell, it sells by default the uk100..... not seeing the order placed, you might click sell again..... and again.....

the good news is, it only took me 7 clicks before i figure it out..... and the uk100 was falling....h
//------

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to trade and code, keep both simple... no call to impress....h
  • #19,217
  • Aug 30, 2023 1:11pm Aug 30, 2023 1:11pm
Quoting Vitore
{quote} Congrats! Means that we start live at about the same time and with the same accounts then! I passed yesterday and trade micro lots as of today to meet the damn 5 days rule! {image}
Intraday only.
  • #19,218
  • Aug 30, 2023 1:19pm Aug 30, 2023 1:19pm
Quoting Expo33
I'm not bragging but Kathy Lien just started following me on Twitter/X. I'm going to play hard to get and not follow her back
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  • #19,219
  • Aug 30, 2023 1:50pm Aug 30, 2023 1:50pm
Quoting Capablanca
I had the second payout from 5ers (also 4 figures). For the first payout I had to sort out some problems so I could not access them properly. This time it was smooth and took 1 day and 2 hours to receive it in Deel. As I said before, in 5ers they deduct immediately the amount from the account and we can go on trading without downtime.
I was about to sign with them, problem is, they have 2 min news rule, and I use tps a lot (no sls), from my understanding if during news tps are hit, they will cancel your account.

Does someone struggle with this type of rule? or everyone here are short term scalpers that easily avoid news and never have positions opened during events?
  • #19,220
  • Aug 30, 2023 1:54pm Aug 30, 2023 1:54pm
do 5ers gives discounts from time to time like 20%+ discounts or they are like MFF who rarely announce promotions.
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