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Anyone trading with a Prop firm 31 replies

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

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  • #28,401
  • Edited 10:39pm Jan 19, 2024 10:10pm | Edited 10:39pm
Quoting montygoldy
{quote} Account is alive .... its just i was frustrated with the twice the loss....... I would have accepted it if other firms like alpha and skilled did the same...coz i opened the same trades over there. Both closed with 1 or less pip slippage.....THey are putting all on the news event. Oh its because of the news but its not like price went 200 pips down in an instant....
None of the prop firms can be trusted on a long term.

Having said, due to news event slippage, I lost phase 2 account and a funded account , both 100k with Funded trader program.

Same was my situation, i got frustrated and then decided to give a fight with them.

Nothing happened, account breach is breach.

They showed in terms and conditions, as an advice, not to trade during high impact news events.

I noticed slippage with every broker, no point in complaining, but we need to adjust ourselves the trading style.

Secondly, we need to think of prop firm accounts..it can not survive for long term with high risk trading.

I have a plan.. suggested in this thread.

Try to earn maximum 2 % in one funded account in every 14 days. Once done, switch to next funded account.

When you trade challenge account, never trade on funded account.

Profit share amounts can be withdrawn and redeposited in a real money account and can be traded thro trade copier with low risk for growth ( growth only )
Intraday only.
  • #28,402
  • Jan 19, 2024 10:47pm Jan 19, 2024 10:47pm
Quoting procrude
Purchased a 100K Challenge with MyFlashFunding on 1/15/24. I was able to pass the phase 1 this week. {image} {image}
I have seen this kind of curve many times in my account.

Going below initial balance...close to breach..... recover..... meet profit target.

Going below initial balance...close to breach....breach.

Going below initial balance ....... close to breach.....recover to initial balance................. and then below balance........... never recover at all.

Unless we give up on aggressive trading.. we can not change the occurance of above situation repeating again.
Intraday only.
  • #28,403
  • Jan 19, 2024 11:10pm Jan 19, 2024 11:10pm
Greetings, I am currently in progress of a prop firm challenge at blue guardian.. what do you guys think about that firm ?
show no emotions
  • #28,404
  • Jan 20, 2024 12:14am Jan 20, 2024 12:14am
Quoting montygoldy
{quote} keep us updated.....
It will shame they reject my payout
Market is in my good favour, just part of market cycle
  • #28,405
  • Jan 20, 2024 1:46am Jan 20, 2024 1:46am
Quoting HengkiTjen
{quote} It will shame they reject my payout Market is in my good favour, just part of market cycle
They are just TFT with different podcast host owners. Its a company controlled by Easton which is TFT.
  • #28,406
  • Jan 20, 2024 3:08am Jan 20, 2024 3:08am
Quoting Takisd
{quote} They are just TFT with different podcast host owners. Its a company controlled by Easton which is TFT.
Well very unfortunate
All prop firm will band profitable trader
  • #28,407
  • Jan 20, 2024 4:23am Jan 20, 2024 4:23am
Quoting HengkiTjen
{quote} Well very unfortunate All prop firm will band profitable trader
Out of curiosity, did you max out the capital with the more established firms like FTMO, 5ers, TFF or ACG? Tbh I would go sooner for something like Funded engineer or Funding pips over this one so just wondering about why you chose that one.
  • #28,408
  • Jan 20, 2024 4:33am Jan 20, 2024 4:33am
Quoting HengkiTjen
Just got an email From skilled funded my payout have been placed on hold for investigation, What you think guys ?
Not good. It's clearly the first step for a denial, unless someone from them keeps an eye in this topic and can connect your user to the pending payout. Then maybe you get lucky.
But, anyway, milk is already spilled. Skilled funded is marked.
  • #28,409
  • Jan 20, 2024 5:16am Jan 20, 2024 5:16am
Quoting HengkiTjen
Just got an email From skilled funded my payout have been placed on hold for investigation, What you think guys ?
Hi, what is your payout amount?
Drawdown is more important than Account Size !
  • #28,410
  • Jan 20, 2024 7:30am Jan 20, 2024 7:30am
Quoting pipmaster77
Just raised first w/d request from the 5%ers. Fee refund automatically included in "max allowed to w/d". Processed immediately, email states 24-48 "working" hrs to receive. Account reset immediately, no delay to continue trading. Dashboard still reflects 62% to target for first scale. Process worked perfectly, will report how long to receive payment. At 3%/week, if, of course can maintain that growth......32 weeks ( 8 months) to scale from 100K max allocation to the 500K. The traditional 2 step where it is 10% AND you need to wait 3-4 months for...

Which program of 5ers u r using ? Is it forex section or newly opened future one?
  • #28,411
  • Jan 20, 2024 8:29am Jan 20, 2024 8:29am
Quoting Boulder
{quote} I only traded with Nova using hft, I bought ea from mql5, I have gotten 3 payouts on two $100k accounts, There are no issues in my payout so far, they sent crypto payment to my coinbase account. Today I made 1% on one and 1.4% on another account, as I said in my previous message, I will stop trading the accounts ( 1% to 2%) and wait for the payout, one will be on 20th and another on 28th. I will let you know if I run into any issues in my future payouts I am risk-free in Nova, All I need made 1% on my first payout , it will be risk-free...
What's the name of the EA?
  • #28,412
  • Jan 20, 2024 9:10am Jan 20, 2024 9:10am
Quoting inversio
{quote} Which program of 5ers u r using ? Is it forex section or newly opened future one?
High stakes. Wasn't aware the 5%ers had a futures offering???
  • #28,413
  • Edited 9:50am Jan 20, 2024 9:29am | Edited 9:50am
Quoting FocusWinReal
{quote} Are you scalping / intraday swinging or interday trading pipmaster?
I trade forex and indices.
On forex, mostly swing trading weekly pivots and ADR. These trades can last from a few hours to a few days. Each trade is small enough so I can add/subtract from the overall position. However, I place strong emphasis on sentiment and currency strength as well. Example, this past week, many setups in USD and JPY pairs which I DID NOT execute on as PA didn't warrant it due to USD strength most of the week. Very often, I simply focus on 2-3 instruments for the week and rinse and repeat all week.

With indices, all intraday, I use daily pivots and ADR. Indices are very respectful of their daily range (usually, nothing guaranteed). With indices, more emphasis on overall trend....so basically, in it's simplest form above 200 on daily, I'm looking for buys on pullbacks and vice versa. So, clearly 90% of my trades on indices are buys and it truly has been as simple as waiting for DOW, NAS and/or S&P to hit or approach ADR low and buy and hold until close.

I've only traded indices for less than 2 years and find them MUCH EASIER than forex in their behaviors. To be fair, I think anyone with basic knowledge could trade indices in this current environment though.
  • #28,414
  • Jan 20, 2024 10:56am Jan 20, 2024 10:56am
Quoting pipmaster77
Just raised first w/d request from the 5%ers. Fee refund automatically included in "max allowed to w/d". Processed immediately, email states 24-48 "working" hrs to receive. Account reset immediately, no delay to continue trading. Dashboard still reflects 62% to target for first scale. Process worked perfectly, will report how long to receive payment. At 3%/week, if, of course can maintain that growth......32 weeks ( 8 months) to scale from 100K max allocation to the 500K. The traditional 2 step where it is 10% AND you need to wait 3-4 months for...
Their scaling plan is the only one I’m taking seriously :-)
A snails pace wins the race :-)
  • #28,415
  • Jan 20, 2024 12:13pm Jan 20, 2024 12:13pm
Anybody here using a copy trader between their own prop firm accounts?

Trading my accounts manually is becoming exhausting.

Ive seen fxblue, social trader tools, and tradersconnect. Wondering which one you guys recommend, and/or if you’ve had any issues…

(I trade indices mainly, by the way)
A snails pace wins the race :-)
  • #28,416
  • Jan 20, 2024 12:25pm Jan 20, 2024 12:25pm
Quoting montygoldy
A caution for new challenge buyers avoid myflashfunding. I have been purchasing their challenges just because they are cheap. Yesterday something fishy happened and i took the issue on chat they said on internal review its my fault. They are still waiting from thinkmarkets for any explanation which i highly doubt there will be any. BTW ITS A PHASE 2 challenge so the issue is my stop loss wasn’t respected and incurred twice the loss. They said its because of the volatility. It wasn’t like price went 200pips suddenly. here is the screnshot showing...
Was your positioning sizing the same on other props i.e. 10 lots?


Looks like news given the pattern and time.
  • #28,417
  • Jan 20, 2024 12:54pm Jan 20, 2024 12:54pm
Quoting JustPipMe
Anybody here using a copy trader between their own prop firm accounts? Trading my accounts manually is becoming exhausting. Ive seen fxblue, social trader tools, and tradersconnect. Wondering which one you guys recommend, and/or if you’ve had any issues… (I trade indices mainly, by the way)

I use fxblue, it's reliable.
  • #28,418
  • Jan 20, 2024 1:09pm Jan 20, 2024 1:09pm
Quoting pipmaster77
Wasn't aware the 5%ers had a futures offering???
They don't.
  • #28,419
  • Jan 20, 2024 1:21pm Jan 20, 2024 1:21pm
Quoting inversio
{quote} I use fxblue, it's reliable.
same.
  • #28,420
  • Jan 20, 2024 1:45pm Jan 20, 2024 1:45pm
Quoting JustPipMe
Anybody here using a copy trader between their own prop firm accounts? Trading my accounts manually is becoming exhausting. Ive seen fxblue, social trader tools, and tradersconnect. Wondering which one you guys recommend, and/or if you’ve had any issues… (I trade indices mainly, by the way)
I used to use Duplikium, its like social trader tools has ctrader fxcm ect, but now i bought a small vps server for home and use fxblue 24h on that vps
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