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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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  • #43,581
  • Edited 2:00pm Oct 23, 2024 1:50pm | Edited 2:00pm
New rules incoming for FTT. It got worse for traders (and "hopefully" better for the FTT prop) what surprise. FTT introduced a Buffer like Apex and more...
Inserted Video

Nearly every day you wake up in the prop industry it gets worse as a trader it seems. With that development and incoming full regulations, say good bye to props.
It gets more and more complex, with all the implemented rules. It seems the props needs to hide and have huge payout stress. Soon you can study Prop firm practice and theory as subject at the university like Harvard where you can finish with your Prop Firm Master degree. There is so much to be taught here and it is growing.
Every brain can have only a certain capacity of information and functioning involved. So there is a point coming now, where it is better to delete all prop content from the brain and focus on trading only or again, and trade on a personal broker without the usual headache about incoming latest news around prop firms and rules.
  • #43,582
  • Oct 23, 2024 2:17pm Oct 23, 2024 2:17pm
Quoting Capablanca
{quote} And for the 30th time you didn't understand anything of what was said.
I don't even know what he is replying to. Perhaps it was a chatgpt reply.
  • #43,583
  • Oct 23, 2024 2:23pm Oct 23, 2024 2:23pm
Quoting TrAndy1
{quote} How does it come you have big loss at one prop firm and big gains on the others ? Are you reverse trading each other or do you hedge trades on them in some way ? On FTT discord the CEO was complaining that some traders reverse hedged between Apex and FTT. That is why I am asking, since futures prop do not act together ??
Lost accounts are EVALS so YOLO'ing with max contracts...

Profitable accounts are FUNDED accounts so same trade with 1 mini with smaller targets
Extreme gut feeling trader
  • #43,584
  • Oct 23, 2024 2:28pm Oct 23, 2024 2:28pm
Quoting montygoldy
{quote} Lost accounts are EVALS so YOLO'ing with max contracts... Profitable accounts are FUNDED accounts so same trade with 1 mini with smaller targets
So you make sure you get filled with funded accounts, what is your ratio then for your profit target versus the max. drawdown or your stoploss here ? More than 4:1 ?
Because then you make use the market volatility in your favor, when you have very small profit targets but bigger stoplosses for any drawdown. That way you can achieve safe a 95% win rate and if you do not repeat it too often, you can make sure to get a payout (request). Is that your strategy on funded based on Reward/Risk ?
  • #43,585
  • Oct 23, 2024 3:06pm Oct 23, 2024 3:06pm
Quoting TrAndy1
{quote} So you make sure you get filled with funded accounts, what is your ratio then for your profit target versus the max. drawdown or your stoploss here ? More than 4:1 ? Because then you make use the market volatility in your favor, when you have very small profit targets but bigger stoplosses for any drawdown. That way you can achieve safe a 95% win rate and if you do not repeat it too often, you can make sure to get a payout (request). Is that your strategy on funded based on Reward/Risk ?
If you look closely in the screenshot i posted. There are trades lines for the entry and exit. For Funded i always go with 1:1 or 1:2 max r:r .. same target stoploss whichever hit first.. As @pip mentioned many times making 200-300 a day easier thats what i am trying to do with these funded accounts...
I dont do any fishy stuff i.e never got denied payout or anything from any firm based on the trading.... I am a Layman trader (no fancy stuff) if i feel LONG i buy or vice verse thats it...
For Evals 90% of time i YOLO with max contracts and try to pass them in 1 day....
Extreme gut feeling trader
  • #43,586
  • Oct 23, 2024 3:17pm Oct 23, 2024 3:17pm
Quoting Takisd
I don't even know what he is replying to.
Do you think maybe he was replying to the part of your post he quoted right before his reply (as everyone normally does)?


Quoting Quickly
It’s not falsifiable. It’s objective and verifiable (in seconds) and FACTUAL. As Karl and I have explained here about 30 times. But nobody here wants factual information.
Almost impossible to help or advise anyone here, regardless of your experience and expertise: they don’t want to learn anything, they just want to reinforce their prejudiced ignorance. Sad, but true.
  • #43,587
  • Oct 23, 2024 3:39pm Oct 23, 2024 3:39pm
Quoting KarlKraus
{quote} Do you think maybe he was replying to the part of your post he quoted right before his reply (as everyone normally does)? {quote} Almost impossible to help or advise anyone here, regardless of your experience and expertise: they don’t want to learn anything, they just want to reinforce their prejudiced ignorance. Sad, but true.
At this point there is no reason to reply to either of you Karl. Put on the spectacles, read and review. Perhaps you will see what everyone other than the two of you see.
  • #43,588
  • Oct 23, 2024 3:43pm Oct 23, 2024 3:43pm
Quoting Takisd
{quote} At this point there is no reason to reply to either of you Karl. Put on the spectacles, read and review. Perhaps you will see what everyone other than the two of you see.
Exactly. Nobody here is disputing the fact that if the trade goes to markey you can see it. What we are disputing is the fact that some of the firms you claim are putting traders in a live environment , the orders do not show up in the book......it cannot be both as WE ALL 100% agree on.
  • #43,589
  • Oct 23, 2024 3:44pm Oct 23, 2024 3:44pm
Anyway, in other news I have 4 new funded accounts. I was enjoying e8 but the laggy feed and strange slippage has me a bit annoyed when calculating limits. I will most likely get money out of it then toss it.
  • #43,590
  • Oct 23, 2024 4:12pm Oct 23, 2024 4:12pm
Quoting Takisd
Anyway, in other news I have 4 new funded accounts. I was enjoying e8 but the laggy feed and strange slippage has me a bit annoyed when calculating limits. I will most likely get money out of it then toss it.
with which ones you are happy regarding feed, slippage ?
  • #43,591
  • Oct 23, 2024 4:30pm Oct 23, 2024 4:30pm
Quoting Stoneyrocks
{quote} with which ones you are happy regarding feed, slippage ?
5ers but its on the "edge". I have tested the feeds in the process to see what is happening. They all have different set ups, some have bands others have randomized. e8's is like last look, it delay on close and slips. Every time I go for profit cap I have to exceed it by quite a bit to make sure I hit it.
  • #43,592
  • Oct 23, 2024 4:45pm Oct 23, 2024 4:45pm
Quoting Stoneyrocks
BREAKING NEWS ! Matt introduces the 25K static Milestone {image} {image}
lol.....take 171 and put it in personal, make 1.5 x 4 times and you will get $6,708, withdrawal the $4,250 MFFU is paying you and you are left with an account of $2,458.....thanks for the extra 42 bucks Matt.
Can't trick us, gotta do better.
  • #43,593
  • Oct 23, 2024 4:54pm Oct 23, 2024 4:54pm
Quoting Takisd
{quote} I don't know who are the feed providers for every futures prop. But given the types who are flooding in now to open them, I wouldn't be surprised if some of the less known ones are using CFD products labelled as futures in order to maintain a low overhead.
Seems like there is a similar stigma with futures props not having ninja trader, rithmic or tradovate like Forex props without MT4/5... ACG has struggled and gone nowhere since entering the market on the futures side.
  • #43,594
  • Oct 23, 2024 5:00pm Oct 23, 2024 5:00pm
Quoting CableJ
{quote} Seems like there is a similar stigma with futures props not having ninja trader, rithmic or tradovate like Forex props without MT4... ACG has struggled and gone nowhere since entering the market on the futures side.
I haven't checked ACG's futures. I would expect the Ninja/rithmic/tradovate types to be more legit than alternatives.

There are a few brokers with next month futures contracts but they are traded as a CFD as the brokers are not exchange members and are likely warehousing.
  • #43,595
  • Oct 23, 2024 7:31pm Oct 23, 2024 7:31pm
Quoting CableJ
{quote} Seems like there is a similar stigma with futures props not having ninja trader, rithmic or tradovate like Forex props without MT4/5... ACG has struggled and gone nowhere since entering the market on the futures side.
Yes, to me, personally, I am not using any firm that does not provide all 3. I only use rithmic to quantower, but to me if the props don't have them, there is a reason.....they couldn't get them.
  • #43,596
  • Oct 23, 2024 8:18pm Oct 23, 2024 8:18pm
Quoting Takisd
Anyway, in other news I have 4 new funded accounts. I was enjoying e8 but the laggy feed and strange slippage has me a bit annoyed when calculating limits. I will most likely get money out of it then toss it.
Thats their biggest disadvantage bigger slippages and even bigger spreads thats why i stopped trading with them......
Extreme gut feeling trader
  • #43,597
  • Oct 23, 2024 8:23pm Oct 23, 2024 8:23pm
Quoting CableJ
{quote} Seems like there is a similar stigma with futures props not having ninja trader, rithmic or tradovate like Forex props without MT4/5... ACG has struggled and gone nowhere since entering the market on the futures side.
Because their product offerings are pathetic + expensive pricing + activation fees + no tradovate (alpha ticks is a whitelabel of topstepx (which is far superior)) + awful payout policy + they use stripe for payment (if you pay with credit card bank will charge it as cash advance i.e extra fees) + on top of that they dont even care their firm going nowhere, no updates no improvement.....
Extreme gut feeling trader
  • #43,598
  • Oct 23, 2024 8:25pm Oct 23, 2024 8:25pm
Quoting CableJ
{quote} Seems like there is a similar stigma with futures props not having ninja trader, rithmic or tradovate like Forex props without MT4/5... ACG has struggled and gone nowhere since entering the market on the futures side.
Hopefully it stays the way and they just disappear into oblivion. Perhaps, the other forex firms thinking of gravitating over will take note and think twice. I'm pretty sure nobody on this thread will use any of them.
  • #43,599
  • Oct 23, 2024 9:20pm Oct 23, 2024 9:20pm
Got my first 30K allocation (Nov) locked in today. Also earned it with a gain enough to need only 2% Dec gain for another 30K but I'm gonna let my EA rip all month and be careful during the third month. Today, I paused trading once I crossed the 75.00 mark to lock in my first 30K award since allocations aren’t awarded until the first day of next month. Still letting the robot run so gonna be interesting to see where it lands EOM. Darwinex seems to like my robot and is generally rating it as 'safe' despite using a limited-martingale recovery strategy.
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  • #43,600
  • Oct 23, 2024 11:42pm Oct 23, 2024 11:42pm
Quoting TrAndy1
I am still interested to the prop arena. And I have stake in their too. So I watch out everyday. And what something interesting pops up I do not hesitate to post that here. Why should I not ? But if I do not get payouts anymore from my last prop which is interesting from a math view, I am almost done. Then I will watch passively. But it seems some members only have fun here when they can post something negative about others. They like to shit on over 95% of all their posts, like Expo33!!! Also his name is out of stupidity created. There is no market...
It's for the 33 EMA.

You're getting dumber day by day.

Imagine getting an erection over the name you're going to choose for some forum on the web. Pathetic
Pride always comes before destruction.... -Proverbs 16:18
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