Disliked{quote} Assume a case like this. I have 10000 $ account. I trade 1 lot only. For 20 pips every day. Does it mean I am risking 10000 $ ? For 20 pips ?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
Disliked{quote} Assume a case like this. I have 10000 $ account. I trade 1 lot only. For 20 pips every day. Does it mean I am risking 10000 $ ? For 20 pips ?Ignored
Disliked{quote} whats the back up plan if the trade goes against you. It looks like theres no SL.Ignored
Disliked{quote} no back up plan. no stop loss I have removed stop loss mentality from my mind. Stop loss is needed for those who trade 10 lots in place of 1 lot. Choose not, gold, Indices, cryptos to trade. Prop firm provider is giving you 5 % DD.Ignored
Disliked{quote} Don't know if I missed it, but can I ask how you’re trading? Trend following, return to mean?Ignored
DislikedThis is just idea that has developed in forexfactory. Have three accounts 500 $ real money, + 2 nos 100k prop accounts. The earning at the end of 2024 : 1 ) 40 k profit for 6 monhts for each 6 month period. 80k for 12 month period. Three accounts 3 x 80 k = 240 k 2 ) Each prop account 100 k = 25k profit for 6 months. for 12 months, 50k. For 2 prop accounts = 2 x 50 k = 100k 3 ) Total earning by end of 2024 = 240k + 100k = 340 kIgnored
Disliked{quote} I am in as well…will start this way with fresh challenges accounts ….Ignored
Dislikedwhy do I suggest trade in 5k demo account ? 1. Emotions are taken off.Ignored
Disliked{quote} If can't double 5k demo account without emotions, trading with $5k with emotions makes it easier to double it ?Ignored
DislikedYou are tellling me you aim to make 4% daily?Well in that case good luck.Ignored
Disliked{quote} Interesting math explanation : You have a 100 k prop account by which you have 5k dd. Effectively this is account balance ( not 100k ) You open 5k demo account. Trade in 5k demo account. Open a real money account 500 $. Copy 5k demo account trades to 100 k prop account and to 500 $ real money account. Target per day in 5k demo account is 20 pips or 200 $ When trades are copied to 500 $ account every day, your account grows in a cumulative manner, ends up as 40k in 125 days. When trades are copied to 100k prop account, it is 200 $ x 125 days...Ignored
DislikedHi, does anyone trade on 5%ers here and maybe can advice on something. I have passed 1st challenge on 60k account and today I've started 2nd but I can't understand why I have added credit of $2641 on my account which f**ks up my daily loss limit now as the daily risk is $460 instead of $3000. Is this a trick by them or just a mistake. I contacted the customer support and they said it's odd and passed to technical team but haven't heard back yet. Do you guys know why it's like this? I was on MFF before they closed but they didn't have something like...Ignored
Disliked{quote} Is it a live account? If so, if you do not withdrawal before they scale you, your profits roll into the new account. You ALWAYS want to withdrawal just shy of the 10% scaling target. If it is still stage 1 or 2, I have no clue.Ignored
Disliked{quote} Is it a live account? If so, if you do not withdrawal before they scale you, your profits roll into the new account. You ALWAYS want to withdrawal just shy of the 10% scaling target. If it is still stage 1 or 2, I have no clue.Ignored
Disliked{quote} Now that I've looked at your dash screenshot, I see it is stage 2. So they rolled your stage 1 profits into stage 2?Ignored