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  • #45,421
  • Dec 20, 2024 11:20pm Dec 20, 2024 11:20pm
Quoting navk
{quote} what is " Boom " and " Bust " ? How is your Darwinex zero ?
My Darwinex Zero journey, with two short-term attempts, has not been successful, as I’ve posted before. What can be achieved with small capital (Go Slow) and a small profit target (Go Slow) in one month? Even if successful, the profit split is only 15%? Eventually, it will become small capital (Go Slow) and you should aim for too big a profit target (Go Fast). We’re talking monthly here. If it’s yearly, it will turn into big capital (Go Fast) and aim for too big a profit target (Go Fast), which will become a confusing combination between live trading models and prop firm trading models.

How is your trading journey at Darwinex? Are you still successful?

Quote
boom and bust
noun

  1. a situation in which a period of great prosperity or rapid economic growth is abruptly followed by one of economic decline.
    "he has warned it is a return to boom and bust"

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  • #45,422
  • Dec 20, 2024 11:26pm Dec 20, 2024 11:26pm
Quoting RoelsMajor
{quote} My Darwinex Zero journey, with two short-term attempts, has not been successful, as I’ve posted before. What can be achieved with small capital (Go Slow) and a small profit target (Go Slow) in one month? Even if successful, the profit split is only 15%? Eventually, it will become small capital (Go Slow) and you should aim for too big a profit target (Go Fast). We’re talking monthly here. If it’s yearly, it will turn into big capital (Go Fast) and aim for too big a profit target (Go Fast), which will become a confusing combination between...
That 15 % outcome, since biginning was against my interest.

I tried 2 accounts, once I was close to 74 %, and then came down to 64 %.

Lost Interest. Long ago.

I was cautionoing since long time, it is not worth attempt. I took right decision.

I was late in futures journey due to Darwinex. Atleast by 2 months.

In Futures, I am and will post now and then my journey. Will probably take first ever profit from a futures firm

And now what is your journey by the way ?
Intraday only.
  • #45,423
  • Edited 11:49pm Dec 20, 2024 11:37pm | Edited 11:49pm
Quoting navk
{quote} That 15 % outcome, since biginning was against my interest. I tried 2 accounts, once I was close to 74 %, and then came down to 64 %. Lost Interest. Long ago. I was cautionoing since long time, it is not worth attempt. I took right decision. I was late in futures journey due to Darwinex. Atleast by 2 months. In Futures, I am and will post now and then my journey. And now what is your journey by the way ?
Yes, we have known this together. Now I'm trying Small capital (Go Slow) -----> Too big profit target (Go Fast), a small challenge with a $25k account, cheap forex challenge priced at $113, because in this pathethic forex prop firms backed by a broker, there is no Go Slow mode (small profit target) with a minimum 30-day period. In Futures, there is a Small capital (Go Slow) -----> Small profit target (Go Slow) mode that is cheap and has no day limitations, but it's difficult due to consistency and trailing drawdown.

What is the best mode for prop firms? In conclusion, it means:
1. For Beginners: Small capital (Go Slow) -----> Small profit target (Go Slow).
2. For Advanced Level: Big Capital (Go Fast) -----> Small profit target (Go Slow).
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  • #45,424
  • Dec 20, 2024 11:38pm Dec 20, 2024 11:38pm
Quoting navk
{quote} That 15 % outcome, since biginning was against my interest. I tried 2 accounts, once I was close to 74 %, and then came down to 64 %. Lost Interest. Long ago. I was cautionoing since long time, it is not worth attempt. I took right decision. I was late in futures journey due to Darwinex. Atleast by 2 months. In Futures, I am and will post now and then my journey. Will probably take first ever profit from a futures firm And now what is your journey by the way ?
I have not even joined the futures prop. Not even registered myself with any futures prop. I think I will never ever join futures!!
  • #45,425
  • Dec 20, 2024 11:40pm Dec 20, 2024 11:40pm
Quoting genuine007
{quote} I have not even joined the futures prop. Not even registered myself with any futures prop. I think I will never ever join futures!!
If you have to waste you challenge fees, it does not matter whether you going to waste it on forex props or futures props. Same goes with retail brokers.
All these opportunities count only when we know the art of trading & able to generate net profit.
  • #45,426
  • Dec 20, 2024 11:46pm Dec 20, 2024 11:46pm
First I want to make 100k from some retail broker then I will slowly slowly enter into forex props to earn that title like 2M funded trader or 3M funded trader. I will then start like buying challenges like 100k, 200k, 400k and that too in dozen of quantity from all reputed props that might be still doing business at that time & futures props. So this is really a long journey. Lot of patience required when it comes to passing evaluations because of all that rules daily drawdown, consistency etc. because of that we cannot go heavy on lot sizes which automatically slows down the speed.
  • #45,427
  • Dec 20, 2024 11:46pm Dec 20, 2024 11:46pm
Quoting genuine007
{quote} I have not even joined the futures prop. Not even registered myself with any futures prop. I think I will never ever join futures!!
The best " person" looks for opportunities.

In whatever field.

If you are not trading futures, are you in to FX prop firms ?

Never seen you posting on fx firms either.

Have seen some of your posts for Monty only
Intraday only.
  • #45,428
  • Dec 20, 2024 11:48pm Dec 20, 2024 11:48pm
Quoting RoelsMajor
{quote} Yes, we have known this together. Now I'm trying Small capital (Go Slow) -----> Too big profit target (Go Fast), a small challenge with a $25k account, cheap forex challenge priced at $113, because in this pathethic forex prop firms backed by a broker, there is no Go Slow mode (small profit target) with a minimum 30-day period. In Futures, there is a Small capital (Go Slow) -----> Small profit target (Go Slow) mode that is cheap and has no day limitations, but it's difficult due to consistency and trailing drawdown. What is the best mode...
It looks worth it.

But make winning as habit.
Intraday only.
  • #45,429
  • Dec 21, 2024 12:15am Dec 21, 2024 12:15am
Quoting genuine007
First I want to make 100k from some retail broker then I will slowly slowly enter into forex props to earn that title like 2M funded trader or 3M funded trader. I will then start like buying challenges like 100k, 200k, 400k and that too in dozen of quantity from all reputed props that might be still doing business at that time & futures props. So this is really a long journey. Lot of patience required when it comes to passing evaluations because of all that rules daily drawdown, consistency etc. because of that we cannot go heavy on lot sizes which...
100k from a forex firm a year means 8.3k per month. Where are you from? I think a GDP per capita target for monthly income is enough for you. I've been here for 6 months, just seeing a few people who have reached 8.3k per month on average payout, but many others have failed and lost up to 50k. Forex trading, whether demo or live, has some things that can be taught and some that cannot. Some methods can be taught, like the Turtle Traders ala Richard Dennis, while others can't (Jesse Livermore and Jim Simons' methods). I think a down-to-earth target is enough, unless you have a large capital to buy the challenges. What you see as success from someone like Monty is the peak, just like Buffett or Elon Musk, but 90% of businesses fail, and 90% of the world's population struggles with average monthly income. If we were to choose an inspiration from those who aren't successful, which one would we pick? It's not that Monty isn't a source of inspiration, but it's impossible to learn from someone who has trading talent, genius skills, and luck dominating their success.
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Meditation All Time Return: 8.9%
  • #45,430
  • Edited 1:46am Dec 21, 2024 12:28am | Edited 1:46am
Quoting RoelsMajor
{quote} 100k from a forex firm a year means 8.3k per month. Where are you from? I think a GDP per capita target for monthly income is enough for you. I've been here for 6 months, just seeing a few people who have reached 8.3k per month on average payout, but many others have failed and lost up to 50k. Forex trading, whether demo or live, has some things that can be taught and some that cannot. Some methods can be taught, like the Turtle Traders ala Richard Dennis, while others can't (Jesse Livermore and Jim Simons' methods). I think a down-to-earth...
The Logic of large capital or small capital is completely Irrelevant.....

THE HARD REALITY FOR ANYTHING IN THE WORLD IS. --- MONEY ATTRACTS MONEY.... AS there is a saying road to first 100k is extremely hard but from 100k to 1million is 100 times easier.....

I give you a simple math right now for fastest 100k --- Only rule required is to be a NETT PROFITABLE Trader......

Step - 1

Lets start with something cheap - LEts say pick 3x50k blueguardianfutures (not promotion just cheap) costs - 150$ (thats the total investment you need right now) wherever you are in the world easily affordable if not then work and save up.....
Aim for 1 payout it may take 2 months from passing to payout if you go slow or faster up to you. Return is 1500x3 = 4500$....

Step-2

Now purchase motherload of evals with max 40%-50%(slowly this number will decrease) of the payout. Plan is to pass and payout from maximum accounts at once not one by one which will take longer......


Step 3

Repeat step 2 with each payout.
Once you become comfortable with loop you'll passing the evals faster and getting payout faster....

Anyone can do it i bet if done correctly easily 100k++ payouts in 6-8months

KEEP ON REPEATING STEP 1 UNTIL YOU GET FIRST PAYOUT(Take out the initial investment and now you can go do as you like coz its all house money)..... SO HERE IT DEPENDS ON WHAT MONEY TO START WITH, CANT AFFORD 150$ GO WITH 50$ ONE ACCOUNT. IF YOU CAN AFFORD MORE GO WITH BIGGER AMOUNT. MINE WAS 3000$ (IT IS HIGHER BECAUSE OF EXPENSIVE FOREX CHALLENGES) BEFORE I GOT MY FIRST PAYOUT OF 10K FROM SKILLEDFUNDEDTRADER WHICH STARTED THE LOOP FOR ME.

REMEMBER YOU DONT WANT TO USE MONEY FOR PERSONAL USE YET AS YOU BUILDING ACCOUNTS... STRATEGICALLY REINVEST PAYOUTS TO BUILD MORE STREAMS OF PAYOUTS
Extreme gut feeling trader
  • #45,431
  • Dec 21, 2024 12:54am Dec 21, 2024 12:54am
Quoting navk
{quote} It looks worth it. But make winning as habit.
Quoting montygoldy
{quote} --- Only rule required is to be a NETT PROFITABLE Trader...
The issue with trading methods being taught may vary, but this one is very fundamental and achievable, so I agree, although even small consistent profits per month are difficult to achieve (perhaps it's because of the overly complicated rules of prop firms).

A productive discussion on a cold Saturday. Thank U.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #45,432
  • Dec 21, 2024 1:01am Dec 21, 2024 1:01am
Quoting RoelsMajor
{quote} The issue with trading methods being taught may vary, but this one is very fundamental and achievable, so I agree, although even small consistent profits per month are difficult to achieve (perhaps it's because of the overly complicated rules of prop firms).
As i always say prop firms rules are BLESSINGS IN DISGUISE... they will force you to be more consistent and profitable.

DLL - Stops you from over trading
DCA n Other Prohibit strategies - Make sure you never risk more per trade so that you'll survive for another day... Forces you to have a proper strategy to take take trades....
Consistency - forces you to look for 1-2 A+ setups for the day n done with it.... No over trading
Intra trailing- Forces you to trigger trade only for A++ setups....

Rules are not bad instead they the building blocks of a true professional profitable traders....
First of all if your profitable you be following those rules by yourself...
Extreme gut feeling trader
  • #45,433
  • Dec 21, 2024 1:17am Dec 21, 2024 1:17am
Quoting montygoldy
{quote} The Logic of large capital or small capital is completely Irrelevant..... THE HARD REALITY FOR ANYTHING IN THE WORLD IS. --- MONEY ATTRACTS MONEY.... AS there is a saying road to first 100k is extremely hard but from 100k to 1million is 100 times easier..... I give you a simple math right now for fastest 100k --- Only rule required is to be a NETT PROFITABLE Trader...... Step - 1 Lets start with something cheap - LEts say pick 3x50k blueguardianfutures (not promotion just cheap) costs - 150$ (thats the total investment you need right now)...
Good Mathematics Calculation.
But the problem with this calculation is "VAGUE" considering only positive side.
its PER MONTH not PER TRY so cost is definitely going to increase i think
Tell me what will you pick between these??
I know I am not good at explaining things like you!!
You will explain a lot lot better Sir Monty!!
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  • #45,434
  • Dec 21, 2024 1:20am Dec 21, 2024 1:20am
Quoting RoelsMajor
{quote} 100k from a forex firm a year means 8.3k per month. Where are you from? I think a GDP per capita target for monthly income is enough for you. I've been here for 6 months, just seeing a few people who have reached 8.3k per month on average payout, but many others have failed and lost up to 50k. Forex trading, whether demo or live, has some things that can be taught and some that cannot. Some methods can be taught, like the Turtle Traders ala Richard Dennis, while others can't (Jesse Livermore and Jim Simons' methods). I think a down-to-earth...
100k from a retail broker & not from any forex prop firm or futures prop firm or combination of both.
100k purely just from retail broker well known well reputed retail broker which will definitely pay without any problem.
Can you tell me brokers which we can trust & don't fear because what if I am trading and able to generate 100k in profits & they don't pay me.
I will grow my account to like 100k & keeping my money with the broker & then withdrawing slowly slowly like sometimes 5k, sometimes 10k, sometimes 15k.
  • #45,435
  • Edited 2:06am Dec 21, 2024 1:41am | Edited 2:06am
Quoting genuine007
{quote} 100k from a retail broker & not from any forex prop firm or futures prop firm or combination of both. 100k purely just from retail broker well known well reputed retail broker which will definitely pay without any problem. Can you tell me brokers which we can trust & don't fear because what if I am trading and able to generate 100k in profits & they don't pay me. I will grow my account to like 100k & keeping my money with the broker & then withdrawing slowly slowly like sometimes 5k, sometimes 10k, sometimes 15k.
I’m not very sure about trusted forex brokers, but I know I’ve traded with Pepperstone and some Australian brokers because their regulations are strict and reliable. Just ask some successful traders here who have savings of $50k or $100k USD, as a large capital is certainly needed if you’re only aiming for an average return of 3% or a maximum of 6% per month. To become an HNWI (High Net Worth Individual) or wealthy person, the target should be to have assets of $1M USD, not $100k USD. Adjust this to your country’s PPP or Purchasing Power Parity, and you’ll get the wealth level for your country. In mine, it’s around 5 billions Rupiah (around 333k USD).

Source:
1. https://www.knightfrank.com/wealthreport
2. https://www.imf.org/external/datamapper/PPPEX@WEO/OEMDC

Quoting genuine007
{quote} Good Mathematics Calculation. But the problem with this calculation is "VAGUE" considering only positive side. its PER MONTH not PER TRY so cost is definitely going to increase i think Tell me what will you pick between these?? I know I am not good at explaining things like you!! You will explain a lot lot better Sir Monty!! {image} {image}
The bottom image of the FundingPips 100k account shows FundingPips with an 18% target (2 phases) and a $200 activation fee for forex. As for the top image, I don't really understand futures. So total cost is $399 and not 1st step challenge. It's very expensive, and there's no MT4 either. So LOL challenge.

The simplest command most understood by humans is in the form of Negativa, so they will remember. Therefore, do not touch this "tree of eternity."
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #45,436
  • Edited 2:18am Dec 21, 2024 2:02am | Edited 2:18am
Quoting genuine007
{quote} Good Mathematics Calculation. But the problem with this calculation is "VAGUE" considering only positive side. its PER MONTH not PER TRY so cost is definitely going to increase i think Tell me what will you pick between these?? I know I am not good at explaining things like you!! You will explain a lot lot better Sir Monty!! {image} {image}
Lets break it down further for you......

ONLY RULE - MENTIONED IS NET PROFITABLE TRADER (If you're move forward)

Step 1 - Pick 50$ Blueguardian - aim to pass it in 1 month so you have 2500$ drawdown and need to make 3000$ (200-400$ per day range if conservative or 400-600$ if aggressive or 200$ a day if super conservative).
If you Fail. Repeat Step 1 until you pass.
Lets say you passed in second try so total cost is 100$.

Step 2 - Take your time as there is no rush aim for 100$ a day (if it is hard to do then go spend time on charts first). Lets say you reach 2600$ in 30-35 days including losing days.
If you reach the target. Payout. - 1500$
If you Fail. Repeat Step 1 until you pass.

Step 3 - Take out your initial investment from payout. Divide the rest payout into 3 parts. Lets say for an argument 400$ a piece. Now go purchase evals with 400$ and try to pass them. If fail then use the next 400$ n then next.

Now you my friend is in the LOOP....

Make things simpler not complicated. You think too much and zero efforts or research. Everyone wants to be rich but nobody wants to put the efforts it requires thats why they stay poor and judge the ones doing good but dont have clue how much blood, sweat and tears were behind the success...

For actual proof see how i did it this year from a noob prop firm trader to 200K ++ withdrawals (70%++ is nett profit) following this...

ALWAYS REMEMBER - PAYOUT FUND FURTHER EVALS
Extreme gut feeling trader
  • #45,437
  • Dec 21, 2024 2:09am Dec 21, 2024 2:09am
Quoting genuine007
{quote} 100k from a retail broker & not from any forex prop firm or futures prop firm or combination of both. 100k purely just from retail broker well known well reputed retail broker which will definitely pay without any problem. Can you tell me brokers which we can trust & don't fear because what if I am trading and able to generate 100k in profits & they don't pay me. I will grow my account to like 100k & keeping my money with the broker & then withdrawing slowly slowly like sometimes 5k, sometimes 10k, sometimes 15k.
Worrying about imaginary stuff and scenarios..... We are in 2024 nearly 2025 there are 100's brokers out there in business for more than 20+ years. Do you think they would have survived by scamming people.....

All brokers pays but if you go with shady ones obviously they going to scam you....

Vantage, ICmarkets, xm, ig, ib, dukascopy, saxo, cmc list is very long.....
Extreme gut feeling trader
  • #45,438
  • Dec 21, 2024 5:50am Dec 21, 2024 5:50am
Quoting montygoldy
Man of man….when somebody is doing amazing … we need to acknowledge and appreciate it…… The man the myth- PATRICK WEILAND - true prop firm slayer Mofo - 500k approved for him from apex… he do live accounts trading and pnl on apex… mofo i win some trades by watching his stream… truely profitable real trader:… first he slayed topstep (i feel because of him they changed the rules for max 5k on sim account payout) coz he was going bonkers over there… he also shared how much he made this year from youtuber i.e 70k i guess….. heck i buying his 199$ course….....
wow, gambler Patrick Wieland who you see often on the negative list of traders?

you never know if he will get good contracts from prop and work together, so can be any number on his payout and i would not believe anything.
not without a reason most people dont believe him anything.
most famous is Patrick Wieland for Paper trading accounts... .

of course you cant trust anyone online, but i would trust you more then this person. you follow/mention a lot of this fake traders. i know , you dont care they are fake.
  • #45,439
  • Dec 21, 2024 5:55am Dec 21, 2024 5:55am
Quoting genuine007
{quote} 100k from a retail broker & not from any forex prop firm or futures prop firm or combination of both. 100k purely just from retail broker well known well reputed retail broker which will definitely pay without any problem. Can you tell me brokers which we can trust & don't fear because what if I am trading and able to generate 100k in profits & they don't pay me. I will grow my account to like 100k & keeping my money with the broker & then withdrawing slowly slowly like sometimes 5k, sometimes 10k, sometimes 15k.
there are so many big brokers that will always pay you.... just choose one and trade the accounts to some million and then pay out. one example interactive brokers.
even IG markets and so on will pay so small amounts of 100.000 and even millions (if you dont cheat the broker, like latency arbitrage and so on...), good broker have ecn/stp/a and c book, so they are not in loss with your trades and earn on commission or markup (of course plus interest rate differences, rollover markups , ... and so on too).

a broker is no social prop company, there you have deposits and the trades can be hedged. so withdraw is not the problem, because broker earned with you.
  • #45,440
  • Dec 21, 2024 6:26am Dec 21, 2024 6:26am
Quoting Trader191
{quote} wow, gambler Patrick Wieland who you see often on the negative list of traders? you never know if he will get good contracts from prop and work together, so can be any number on his payout and i would not believe anything. not without a reason most people dont believe him anything. most famous is Patrick Wieland for Paper trading accounts... . of course you cant trust anyone online, but i would trust you more then this person. you follow/mention a lot of this fake traders. i know , you dont care they are fake.
i am not highly interested in the money they make… but his market analysis is supreme .. live streams trades are profitable….
He milked topstep which is a rival gang and i can account that i have seen most of the profit made on these accounts on live streams
Extreme gut feeling trader
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