Prop Firm Hub | Page 1353 | 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

  • #27,041
  • Dec 6, 2023 11:06am Dec 6, 2023 11:06am
Quoting Capablanca
{quote} It's more like catching an alleged fraud, which proves not to be a fraud, with a fraud.
You are right. I was just trying to be unbiased as people insult me in dm's about bias.
  • #27,042
  • Dec 6, 2023 11:18am Dec 6, 2023 11:18am
Quoting Takisd
{quote} You are right. I was just trying to be unbiased as people insult me in dm's about bias.
and those folks insulting you can f$%#@ off with the CFTC
  • #27,043
  • Dec 6, 2023 11:18am Dec 6, 2023 11:18am
Quoting Takisd
{quote} Dont forget the link to the article. https://www.financemagnates.com/fore...ment-too-many/
actually i didnt get it from there, I got it from the actual court docs
  • #27,044
  • Dec 6, 2023 11:19am Dec 6, 2023 11:19am
Quoting CableJ
{quote} actually i didnt get it from there, I got it from the actual court docs
yes i noticed after i posted but felt the link will help.
I apologize.
  • #27,045
  • Edited 12:03pm Dec 6, 2023 11:31am | Edited 12:03pm
Quoting TrAndy1
{quote} You are lucky with Nova. I have not seen so far any prop that offers HFT in evaluation that they could provide payouts for longer. Sooner they'll get to scam-artists here.
I think Nova is not like other HFT firms, it may survive for a long time. . They have 6% max profit sharing rule, which I think will help the company stay in business for some time. the rule is shown as
"
If a trader utilizes HFT during the evaluation stage at any point in order to assist with passing, the funded account profit split will reach its limit once a trader has gained 6% from the starting balance of the account. Any positive trading after the 6% gain from the initial balance will not be eligible towards your profit split. "

By the way, I dont max 400k right away, I bought 1x 100k first, after they paid me, I used the profit and bought more accounts. I am now trading their live accounts risk free and continue to get paid...

its easy to get a live account through hft firms, if someone is struggling to pass challenges in a traditional way, may think of using the hft firms. I just share my experience here. Of course, if you dont know how to trade after you get a live account, you should not buy accounts in any firms..

here shows how easy to pass the challenge in one day with hft ea , it was done within 4 hours in my new account today.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 310 KB
  • #27,046
  • Dec 6, 2023 11:35am Dec 6, 2023 11:35am
Quoting Capablanca
{quote} It was programmed. He said he was going to disactivate the account last Friday, I think, but the account would still be visible. It's a pity that he deleted instead of just suspending it. He said he was going to post legal or regulatory stuff here without commenting it: https://twitter.com/epfregnews
Even if you deactivate your account in X, it looks like that. Then you have 30 days to reactivate it, otherwise it's definitely lost.
Don't give up on your dreams. Keep sleeping.
  • #27,047
  • Dec 6, 2023 11:43am Dec 6, 2023 11:43am
Quoting montygoldy
Another one guys {image}
I got the ACG one earlier this week. I couldn't even log into MFFX today. Maybe better luck tomorrow...
  • #27,048
  • Dec 6, 2023 12:09pm Dec 6, 2023 12:09pm
Quoting TrAndy1
Tried all different kind of settings, but when I go back little bit more, just a few months, the Orderflow setups are not profitable in sum, just zero. So no point to make a killing with them when I would scalp through them. So now I will trade my Apex account with Price Action, thus being more an artist than doing sound analysis, I guess.
of course order flow cant be a big advantage, in General its even a disadvantage if you already know how markets are constructed and know about information advantage and disadvantage gaps.
looks like you still search for your kind of do trading and like to switch trading strategies. if you do some years trading, with time you will get more easy what can work and what cant work very good because of logic thinking about how its constructed.
  • #27,049
  • Dec 6, 2023 1:23pm Dec 6, 2023 1:23pm
Quoting Boulder
{quote} I think Nova is not like other HFT firms, it may survive for a long time. . They have 6% max profit sharing rule, which I think will help the company stay in business for some time. the rule is shown as " If a trader utilizes HFT during the evaluation stage at any point in order to assist with passing, the funded account profit split will reach its limit once a trader has gained 6% from the starting balance of the account. Any positive trading after the 6% gain from the initial balance will not be eligible towards your profit split. " By...
That's 6% lifetime, all payouts combined, if you use HFT ?
  • #27,050
  • Dec 6, 2023 1:35pm Dec 6, 2023 1:35pm
Quoting Capablanca
{quote} That's 6% lifetime, all payouts combined, if you use HFT ?
max 6% per payout per account if using hft passing challenge,

in their site

For example, if you trade continuously for up to $12,000 profit on a 200k account. The profit split will be based on any virtual profits generated up to this point. You would receive 50%, 70%, or 80% of the numeric value ($12,000 in this case) of the 6% profit on your funded account starting balance.


https://nova-funding.com/faq/
  • #27,051
  • Dec 6, 2023 3:33pm Dec 6, 2023 3:33pm
Quoting AaronPriest
{quote} I got the ACG one earlier this week. I couldn't even log into MFFX today. Maybe better luck tomorrow...
they said new rules for tomorrow and will tell’ tomorrow. Same thing happened to me as well. Hoping all the firms run this freebie 5k lol.
BTW ACG SPREAD SUCKS
Extreme gut feeling trader
  • #27,052
  • Dec 6, 2023 3:41pm Dec 6, 2023 3:41pm
Ending the day horrible all over the board

phase 2 all accounts down nearly 4-5%. Reducing the risk to 0.5% per trade.. i have done many stupid things when i last went to drawdown with phase 2 and funded accounts not this time.
Not gonna do anything stupid and aim to recover slowly.
will keep everyone updated how it goes
Extreme gut feeling trader
  • #27,053
  • Dec 6, 2023 4:19pm Dec 6, 2023 4:19pm
Quoting montygoldy
{quote} they said new rules for tomorrow and will tell’ tomorrow. Same thing happened to me as well. Hoping all the firms run this freebie 5k lol. BTW ACG SPREAD SUCKS
Yes, any firm (or broker for that matter) with the sales pitch of commission free is ALWAYS more expensive. They make up for it (and then some) with the spread mark up. Keep in mind a $3 commish is only adding 0.3 pips to cost. These firms and brokers that are commission free often add 1,2 pips (even more on crosses) in spread.
Motto....THERE IS ALWAYS A CATCH
  • #27,054
  • Dec 6, 2023 7:40pm Dec 6, 2023 7:40pm
Quoting pipmaster77
{quote} Yes, any firm (or broker for that matter) with the sales pitch of commission free is ALWAYS more expensive. They make up for it (and then some) with the spread mark up. Keep in mind a $3 commish is only adding 0.3 pips to cost. These firms and brokers that are commission free often add 1,2 pips (even more on crosses) in spread. Motto....THERE IS ALWAYS A CATCH
Man they should offer commission accounts not just forcing this BS. Coz of this BS today many trades hit tp on tradingview not on Mt5 and i realised during NY their spread is too much.....
Extreme gut feeling trader
  • #27,055
  • Dec 6, 2023 7:43pm Dec 6, 2023 7:43pm
Quoting coastie0194
Just sharing my observation, a lot of YouTube videos I watch relates to people trading the Nas100 or US30, I looked at those markets and knew I would get my ass handed to me based on my system. If you look at UJ at the S1 PP, although counter trend, this pair may run up to the DPP and moving averages. I entered a buy but the stop is close, 10 pips and 1% risk.
Hi Trading Fam,
Just wanted to share that I passed phased 2 on ACG, trading UJ only. I submitted my KYC and waiting for funding account which is 2 to 5 days. So far so good, I'll keep everyone updated. I have a question for the funded traders as ONLY to help us traders with funded accounts or help traders pursuing funding accounts, which is all of you, I assume. What should the risk per trade on funded accounts be, regardless of "A" "B" or "C" setups. My gut tells me to keep trading 1% but what one thing that is overlooked is controlling RISK. I think we all can benefit from discussion on that, I'm calling all experienced traders, Taskid, CableJ, Trandy, Cryposurf, Young D, Pipmaster, Trader 191, Monty, Capa, Mastermind and any other contributors I forgot to mention, my apologies...what's your take on risk? I've never paid for a trading course and most of the youtube videos promote courses. I'm not opposed to them, nor am I opposed to a mentor, I just learned from studying charts. One thing I've learn is that price is KING and it will tell me everything I need to know about price moves. My struggle is risking MORE because greed sets in and I start thinking about profits once I get that funded account. I'm trying to change my mindset and focus on risk first but, although I know this, that profit demon still creeps in.
1. How do I manage this mindset to keep the focus on risk and not profits?
2. How have y'all manage to keep the risk in check?
3. What's the risk y'all take on 100K account, whether 1% or 2%, what's your logic, may risk 2% on a A plus setup.?
Personally, this thread have been so valuable and any input/feedback we can get on risk I think will benefit traders. I know this is a prop firm thread, as I've been following it since Mastermind created it but I think that similarily to risk discussed on shady prop firms, risk regarding trading can be beneficial. Please correct me if I'm wrong and should start a thread to discuss this.
  • #27,056
  • Dec 6, 2023 7:47pm Dec 6, 2023 7:47pm
Quoting coastie0194
{quote} Hi Trading Fam, Just wanted to share that I passed phased 2 on ACG, trading UJ only. I submitted my KYC and waiting for funding account which is 2 to 5 days. So far so good, I'll keep everyone updated. I have a question for the funded traders as ONLY to help us traders with funded accounts or help traders pursuing funding accounts, which is all of you, I assume. What should the risk per trade on funded accounts be, regardless of "A" "B" or "C" setups. My gut tells me to keep trading 1% but what one thing that is overlooked is controlling...
first risk .25% and get the first payout and target .5% to 1% gain only and then stop trading. Then .5% per trade. Also always build some cuisine like 1% or 2% and then go big with the profits. For funded personally its mentally challenging to get back from drawdown. So even with a small drawdown try to risk less and stay above breakeven.
Thats what i learnt from losing 3 funded accounts without getting a payout. Following the same mentality as a challenge.
Extreme gut feeling trader
  • #27,057
  • Dec 6, 2023 7:56pm Dec 6, 2023 7:56pm
Quoting montygoldy
{quote} first risk .25% and get the first payout and target .5% to 1% gain only and then stop trading. Then .5% per trade. Also always build some cuisine like 1% or 2% and then go big with the profits. For funded personally its mentally challenging to get back from drawdown. So even with a small drawdown try to risk less and stay above breakeven. Thats what i learnt from losing 3 funded accounts without getting a payout. Following the same mentality as a challenge.
Monty, so .25% to build that confidence. That's big and something I haven't done before. I rcvd a 28K$ payout before, my largest with another firm, who I won't mention and I blew it the week after, I was risking 3% on that account. I like that approach and just noted in my trading journal. I'd also like to get your advice on keeping journals. I'm horrible at it. I will admit my own flaws as I hope it will help other traders. My next question is how important is a journal?
  • #27,058
  • Dec 6, 2023 8:01pm Dec 6, 2023 8:01pm
Quoting coastie0194
{quote} Hi Trading Fam, Just wanted to share that I passed phased 2 on ACG, trading UJ only. I submitted my KYC and waiting for funding account which is 2 to 5 days. So far so good, I'll keep everyone updated. I have a question for the funded traders as ONLY to help us traders with funded accounts or help traders pursuing funding accounts, which is all of you, I assume. What should the risk per trade on funded accounts be, regardless of "A" "B" or "C" setups. My gut tells me to keep trading 1% but what one thing that is overlooked is controlling...
All of my risk is based on max loss. So a 100K account, with 10K max loss, that 1% is $100, so I risk 3% of max loss. I always chuckle when I see folks say, for example, the FTMO swing account leverage is ONLY 30:1, no it's 300:1 (on max loss), of which I use 5:1 on volatile instruments, 10:1 on most and 20:1 on slow movers, once again, ON MAX LOSS. So, yes, on 100K account, I trade anywhere from 5 micros to 2 standards.
Trading in this manner allows me to average in/out and grind 5% daily (of max loss), 0.5% of the fake equity displayed.
I can pass a phase 1 in 3-4 weeks and a phase 2 in 2 weeks and grind out 5% bi-weekly.
With that being said, montygoldy is the complete opposite......so everyone must trade according to their personality.
  • #27,059
  • Dec 6, 2023 8:10pm Dec 6, 2023 8:10pm
Yes, Monty share I diff. perspective to trading but some may relate and gravitate towards his style. We all have diff. characteristics and me personally, I can't watch multiple pairs because I may see setups on 3 of 10 and my inability to make a decision may not be as good as Monty to choose the best pair out of 10. I've learned to stick with two pairs. My job is stressful so maybe it's because when I come home and trade the Asian market, I'm in information overload at that point. I've never blown an account sticking with 1% though. To throw myself out there, I'll start with 1%, then when it goes in my favor, I'll add on thinking "I'm smarter than the market" then when it goes to drawdown, and I'm minus 3%, I hold, still thinking I'm right. I'm not there yet but I need to fix this mindset. Maybe start with .25 to gain confidence, work my way up to 1 and stay there.
  • #27,060
  • Dec 6, 2023 9:00pm Dec 6, 2023 9:00pm
Quoting coastie0194
{quote} Monty, so .25% to build that confidence. That's big and something I haven't done before. I rcvd a 28K$ payout before, my largest with another firm, who I won't mention and I blew it the week after, I was risking 3% on that account. I like that approach and just noted in my trading journal. I'd also like to get your advice on keeping journals. I'm horrible at it. I will admit my own flaws as I hope it will help other traders. My next question is how important is a journal?
Depends i dont do it that doesn't mean its not good. Pipmaster said it right based on Personality.
Extreme gut feeling trader
89 traders viewing now