Prop Firm Hub | Page 1973 | 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

  • #39,441
  • Jul 17, 2024 11:28am Jul 17, 2024 11:28am
Quoting sampat
{quote} Here is the problem even if you get allocation and your risk factor is down it will take 10 times more efforts to payout. Even if you get allocation it takes 3 months to reach 15% of profits. Goal should be keep risk ratio as high as possible so even if you make 2% per month on signal account it gets converted to 3-5% in darwin account. I have reached 300K from 100K and my darwin went no where ultimately I am going to reset as it is not sustainable.
Exactly as you described. I traded very small, kept DD low and good profitD. My risk facot is 1.82....so when I make 0.2% in a day, it's actually 0.36-0.37%. Futures account is 1,000,000, so I aim for 2k per day, at at the end of the month, risk engine will earn me 7-8%.
  • #39,442
  • Jul 17, 2024 11:29am Jul 17, 2024 11:29am
Whats going with dow? keeps climbing higher and higher...
Drawdown is more important than Account Size !
  • #39,443
  • Edited 11:54am Jul 17, 2024 11:41am | Edited 11:54am
Quoting Expo33
{quote} Rating calculator has nothing to do with the "risk" engine. If you make it to a rating of 75 then you will be eligible for the 30K allocation the following month provided you maintain your rating of 75 or above
Can I understand in a simple manner ?

I maintain 75 or above in silver.

Am I guaranteed of 30 k or more account ? I read 30k is guaranteed for 3 months

Am i guaranteed of 15 % share on profits i make ?

Note :

If I main tain75 rating to earn 30k account and make 0.5 % in a month, 20 x 0.5 = 10 %. which is 3000 euros.
Am I correct ?
Intraday only.
  • #39,444
  • Jul 17, 2024 11:53am Jul 17, 2024 11:53am
Quoting montygoldy
WTF one of my MOST UNLUCKIEST DAY.. Crossed the target and then gold did this unbelievable stuff and reversed by missing by tp .01$ liquidated the account..... PURE BS {image}
The beauty of trailing DD (from props perspective).

If you wanted to be 0.01 close from a target you could not have done it. Really unlucky.
  • #39,445
  • Jul 17, 2024 11:54am Jul 17, 2024 11:54am
Quoting navk
{quote} Can I understand in a simple manner ? I maintain 75 or above in silver. Am I guaranteed of 30 k or more account ? Am i guaranteed of 15 % share on profits i make ? Note : If I main tain75 rating to earn 30k account and make 0.5 % in a month, 20 x 0.5 = 10 %. which is 3000 euros. Am I correct ?
Yes you are guaranteed the 30K if you maintain the 75 rating until the end of the silver month.

BUT, the calculation would be (.005 x 30000) x 0.15 = $22.5

There is a calculator that estimates your earnings once you get an allocation, Go to "payments" then "allocation" so you can see what a particular percentage will translate into dollar amounts.
Pride always comes before destruction.... -Proverbs 16:18
  • #39,446
  • Jul 17, 2024 12:17pm Jul 17, 2024 12:17pm
Quoting procrude
Whats going with dow? keeps climbing higher and higher...
Rotation trade
Trade with confidence, trade without fear.
  • #39,447
  • Jul 17, 2024 12:21pm Jul 17, 2024 12:21pm
Quoting Capablanca
{quote} The beauty of trailing DD (from props perspective). If you wanted to be 0.01 close from a target you could not have done it. Really unlucky.
Passed the account made 9053$ thn lost it ... thats universe signal to move away from 150k evals.... lost nearly 35 evals in last few days.... better to go bck to 50k way easier to pass
Extreme gut feeling trader
  • #39,448
  • Jul 17, 2024 12:23pm Jul 17, 2024 12:23pm
Quoting procrude
Whats going with dow? keeps climbing higher and higher...
One of the reason
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-07-17 at 1.22.20 PM.png Size: 28 KB
Extreme gut feeling trader
  • #39,449
  • Jul 17, 2024 12:27pm Jul 17, 2024 12:27pm
Quoting Expo33
{quote} Yes you are guaranteed the 30K if you maintain the 75 rating until the end of the silver month. BUT, the calculation would be (.005 x 30000) x 0.15 = $22.5 There is a calculator that estimates your earnings once you get an allocation, Go to "payments" then "allocation" so you can see what a particular percentage will translate into dollar amounts.
I mean 0.5 % per day profit in a 30k silver account.

Which means in 20 trading days,

20 x 0.5 % = 10 % on 30k. = 3000 euros

Which produces profit share of 3000 x 15 % = 450 euros

And 2 nd silver month, by maintaining my max drawdown, and if i make a profit of 0.5 % in a day on 30k account, I end up making 10 % profit in 20 calander month. With this I am eligible for 375 k account
Attached Image (click to enlarge)
Click to Enlarge Name: calculation.png Size: 29 KB
Intraday only.
  • #39,450
  • Jul 17, 2024 12:59pm Jul 17, 2024 12:59pm
Quoting navk
{quote} I mean 0.5 % per day profit in a 30k silver account. Which means in 20 trading days, 20 x 0.5 % = 10 % on 30k. = 3000 euros Which produces profit share of 3000 x 15 % = 450 euros And 2 nd silver month, by maintaining my max drawdown, and if i make a profit of 0.5 % in a day on 30k account, I end up making 10 % profit in 20 calander month. With this I am eligible for 375 k account {image}
You are missing one key point LEVERAGE. So if you use High leverage like 4-5 lots daily (even though u close and reopen 1 lot with tight stop 5-10 times a day) Darwin will consider as high leverage so it will reduce your risk ratio. Lets say if it reduces risk to 0.2 or 0.1 than suddenly your 0.5 will become 5%. Lets say if you achieve it risk engine will consider you even more riskier it will reduce to 0.05 for future trades until you trade another 45 trading days normally.
So why to rush?
  • #39,451
  • Edited 1:20pm Jul 17, 2024 1:04pm | Edited 1:20pm
I see from the standard consensus annualized returns 100.08%, doubling money in 1 year (12 months). For the first month of participation in Silver, seems 5.95% is sufficient and DD not more than half of it, -2.975%. Seem enough to secure 70k Account. Or say DD -1.98%, one-third of it, remains at the same 70K.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture 2.JPG Size: 34 KB
Click to Enlarge Name: Capture 3.JPG Size: 23 KB
Click to Enlarge Name: Capture.JPG Size: 22 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #39,452
  • Jul 17, 2024 1:08pm Jul 17, 2024 1:08pm
Quoting Expo33
{quote} I'm not sure I never requested anything special from them Personally, 30:1 leverage is more than I'll ever need because the risk engine will reduce my position size anyways if I over leverage.
My thoughts were the risk engine will only adjust the Darwin but not the trader‘s own account.

Well, i will have to wait until my documents got approved then i will start small to see how everything works. With the demo account it doesn’t seem to be possible.

Trade well / regards.
  • #39,453
  • Jul 17, 2024 1:10pm Jul 17, 2024 1:10pm
Quoting navk
{quote} I mean 0.5 % per day profit in a 30k silver account. Which means in 20 trading days, 20 x 0.5 % = 10 % on 30k. = 3000 euros Which produces profit share of 3000 x 15 % = 450 euros And 2 nd silver month, by maintaining my max drawdown, and if i make a profit of 0.5 % in a day on 30k account, I end up making 10 % profit in 20 calander month. With this I am eligible for 375 k account {image}
Yes, your calculation is correct, $450

As far as more allocations going forward first and foremost you will need to have a rating of 75 or higher.

Let's say you maintain that 75 rating thru the first silver month. Then you will get the first 30K. As soon as you get that allocation your rating will reset back to about 66 or something close to that. Now, to get a second allocation you need to get your rating back to 75 which only takes about 2% in profits.

As far as 375K that might also depend on your rank among other traders. I don't know how exactly they calculate the size of your allocation going forward.

Having said all of this, with all due respect, I think you're looking at this the wrong way. Just trade with flawless risk management and forget about how, why, when. The allocations and eventual investor capital will come as long as you can make 2-5% a month. In the meantime your monthly subscription will get paid from your earnings if you so desire.
Pride always comes before destruction.... -Proverbs 16:18
  • #39,454
  • Jul 17, 2024 1:17pm Jul 17, 2024 1:17pm
Quoting lddd
{quote} My thoughts were the risk engine will only adjust the Darwin but not the trader‘s own account. Well, i will have to wait until my documents got approved then i will start small to see how everything works. With the demo account it doesn’t seem to be possible. Trade well / regards.
Yes, my trade explorer shows 118K but my Darwin Index is around 102 so 102K. That's because my risk was reduced by 80% when I YOLOED the calibration phase to get to the 75 rating. Turns out that was stupid on my part because I didn't realize that I still had to trade another month to get the actual allocation. And since my risk is back to .78 I've traded like a chimp.
Pride always comes before destruction.... -Proverbs 16:18
  • #39,455
  • Jul 17, 2024 1:19pm Jul 17, 2024 1:19pm
Quoting Expo33
{quote} Yes, your calculation is correct, $450 As far as more allocations going forward first and foremost you will need to have a rating of 75 or higher. Let's say you maintain that 75 rating thru the first silver month. Then you will get the first 30K. As soon as you get that allocation your rating will reset back to about 66 or something close to that. Now, to get a second allocation you need to get your rating back to 75 which only takes about 2% in profits. As far as 375K that might also depend on your rank among other traders. I don't know...
Also profit is calculated from High water mark. Lets say if one achieves 5% darwin index target with score of 75 and receives 30K funding. Lets say next month needs only 2% to receive another 30K funding. Trader will get only 0.2*30*0.15=90Euro after 3 months.
  • #39,456
  • Jul 17, 2024 1:27pm Jul 17, 2024 1:27pm
Quoting pipmaster77
{quote} Exactly as you described. I traded very small, kept DD low and good profitD. My risk facot is 1.82....so when I make 0.2% in a day, it's actually 0.36-0.37%. Futures account is 1,000,000, so I aim for 2k per day, at at the end of the month, risk engine will earn me 7-8%.
It sounds like the risk engine makes all kind of adjustments to a trader‘s linked Darwin. So position sizing, leverage, SL/TP values and what else (don’t know).

If that’s the case you basically doesn’t seem to have any control over what you have to do to reach a certain performance with the Darwin.

So all you can do is trade small and „hope“ the Darwin will come out to your advantage?
  • #39,457
  • Jul 17, 2024 2:37pm Jul 17, 2024 2:37pm
Quoting lddd
{quote} It sounds like the risk engine makes all kind of adjustments to a trader‘s linked Darwin. So position sizing, leverage, SL/TP values and what else (don’t know). If that’s the case you basically doesn’t seem to have any control over what you have to do to reach a certain performance with the Darwin. So all you can do is trade small and „hope“ the Darwin will come out to your advantage?
I just keep DD under control and aim for 0.2% per day.....seems to work.
  • #39,458
  • Jul 17, 2024 2:38pm Jul 17, 2024 2:38pm
Quoting mcquak
{quote} Hmmm, that makes current discount less tempting. Would you mind keeping us informed?
Got it approved today.
on a postive roll...
  • #39,459
  • Jul 17, 2024 3:48pm Jul 17, 2024 3:48pm
Another horrible day for Evals....
1. 600$ away for reachong threshhold on second PA... try to do it tomorrow so that i'll apply for payout this cycle....

Cancelled all 150k evals. no more resetting. Only evals i'll be buying is 50k from now on
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-07-17 at 3.24.36 PM.png Size: 71 KB
Extreme gut feeling trader
  • #39,460
  • Jul 17, 2024 3:57pm Jul 17, 2024 3:57pm
Quoting montygoldy
Another horrible day for Evals.... 1. 600$ away for reachong threshhold on second PA... try to do it tomorrow so that i'll apply for payout this cycle.... Cancelled all 150k evals. no more resetting. Only evals i'll be buying is 50k from now on {image}
50k is my preference too 150k is bit stretched targets.
Lost too many got close to the targets then boom.
on a postive roll...
71 traders viewing now