Prop Firm Hub

Quoting pipmaster77

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{quote} Risk per trade is way too high for a personal account, think of all of the attempts, what was it 600 apex evals? You cannot throw that kind of REAL money around

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Quoting PayTheBid

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{quote} If you are a "good" and "disciplined" trader I agree, but if you have even the slightest gambling bug, not a good or not a disciplined trader you are definitely will end up with nothing in the end. And you really do not need that much if you are a real good trader

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Quoting navk

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{quote} I agree to this. Yes, a diciplined and a good trader do not need 130k account, He needs 3 to 5k account. Dicipline in risk management. Dicipline in profit booking per day. Risk per day and reward per day matters. I do not mean risk/reward per trade but risk / reward per day or week. See for example, monty spent 130k in fees and at the end he luckily managed to withdraw form prop firms. I invested atleast 5k with Futures elite and at the end i got paid 2k. They cheated me to the tune 6k. Another firm, ticktick, i spent, 2k atleast. I managed...

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Quoting Novazor

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ftmo should ban gamblers that go all in, but if you trade ok they pay, this guys just wants attention to sell whatever he sells, and he has affliate links to fundednext and funderpro that are shady props

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Quoting navk

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{quote} One will not throw 130k at one time, but we are lured into prop firms by paying regularly, this week, 4 challenges, next week 4 challenges and ends up paying 10k, 20k and upto 130k. It is not just money but also the risk of loosing account, and risk of payout denial and risk of Ban. Serious thinking is going in my mind.

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Quoting navk

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{quote} I agree to this. Yes, a diciplined and a good trader do not need 130k account, He needs 3 to 5k account. Dicipline in risk management. Dicipline in profit booking per day. Risk per day and reward per day matters. I do not mean risk/reward per trade but risk / reward per day or week. See for example, monty spent 130k in fees and at the end he luckily managed to withdraw form prop firms. I invested atleast 5k with Futures elite and at the end i got paid 2k. They cheated me to the tune 6k. Another firm, ticktick, i spent, 2k atleast. I managed...

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+------------------+----------------------------+------------------+
| Starting Capital | Estimated Final Balance    | Total Gain (USD) |
|      (USD)       | After 21 Days (+4.41%)     |                  |
+------------------+----------------------------+------------------+
|     $1,000       |        $1,044.10           |       $44.10     |
|     $3,000       |        $3,132.30           |      $132.30     |
|     $5,000       |        $5,220.50           |      $220.50     |
|    $10,000       |       $10,441.00           |      $441.00     |
|    $15,000       |       $15,661.50           |      $661.50     |
|    $20,000       |       $20,882.00           |      $882.00     |
+------------------+----------------------------+------------------+
|    $25,000       |       $26,102.50           |    $1,102.50     |
|    $50,000       |       $52,205.00           |    $2,205.00     |
|   $100,000       |      $104,410.00           |    $4,410.00     |
+------------------+----------------------------+------------------+

Quoting navk

Disliked

{quote} I agree to this. Yes, a diciplined and a good trader do not need 130k account, He needs 3 to 5k account. Dicipline in risk management. Dicipline in profit booking per day. Risk per day and reward per day matters. I do not mean risk/reward per trade but risk / reward per day or week. See for example, monty spent 130k in fees and at the end he luckily managed to withdraw form prop firms. I invested atleast 5k with Futures elite and at the end i got paid 2k. They cheated me to the tune 6k. Another firm, ticktick, i spent, 2k atleast. I managed...

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Quoting Novazor

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{quote} true we need to focus also on personal broker account, prop firms are only for build capital they will not pay big and long term

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Quoting pipmaster77

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{quote} Maybe if you are a scalper and really good at it, but then spread and commission will get you. IMO, if you are attempting to AVERAGE more than 2.5% monthly, you are over leveraged and WILL eventually blow up. With that number, you need a 300K minimum, preferably 500K personal account to make trading worth it. Everything looks good on a spreadsheet, but it is not reality.

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Quoting pipmaster77

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{quote} Depends on one's golas, for a fewK per month side hustle,OK. If you resaearch though, no one ever became wealthy trading their own money. You need AUM Diversification is best.....relaible (today) props, personal and try to get some real investor capital

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Quoting RoelsMajor

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{quote} You need to consider many aspects as well; it's not that simple. For example, win rate and so on, especially if you start with a small account—unless your system has a 90% win rate. Here you go some simulation of expected payoff normally. Some traders will gamble with only mere $200 at first trade or second, and if they get lucky once or twice, they can have a super big reward, but this is a rare opportunity and occurrence, and this is on live account (pic2). SIMULATION of 21 Trading Days 60% Win Rate Risk Reward 1:1, 1% Expected Daily Gain:...

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Quoting skyf

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Please guys which futures prop firm allows holding of trades over night and over the weekend?

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Quoting navk

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{quote} If needed, I am ready to sit at the PC for 12 to 16 hrs. As long as scalping works. All prop trading models especially futures firms are intraday. Even private account, if some one trades gbpusd at 2 am/3 am est, when London opens, he will end up with 20 to 30 easy pips. This is what is one needs ? With due respect to Darwinex traders, I am against it... because, i am going to spend atleast another 2 to 3 years in building Capital, which is not worth. I would say : A private account, 5k ( more than enough ) can get 20 to 30 pips profit in...

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Quoting RoelsMajor

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{quote} You need to consider many aspects as well; it's not that simple. For example, win rate and so on, especially if you start with a small account—unless your system has a 90% win rate. Here you go some simulation of expected payoff normally. Some traders will gamble with only mere $200 at first trade or second, and if they get lucky once or twice, they can have a super big reward, but this is a rare opportunity and occurrence, and this is on live account (pic2). SIMULATION of 21 Trading Days 60% Win Rate Risk Reward 1:1, 1% Expected Daily Gain:...

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Quoting pipmaster77

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{quote} If 2% MONTHLY puts you in an elite class and you believe you can make 2-4% daily.......I say go for it. Let me be the first to congratulate you on turning 5K into 469,033 in 12 months.......in 2 years, you'll have 44 million.......see how realistic that sounds. As I mentioned earlier, everything looks good on the spreadsheet.

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Quoting pipmaster77

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{quote} Much more realistic, howver 4%+ per month AVERAGE makes you one of the best traders in the world.

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Quoting navk

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{quote} I would say, on paper, or with paper money, it is surely possible. Open a demo account yourself and see. The difference here is emotions in trading. when you see 1 M in your real money account, or 200 k real money in your real account, emotions settle in us. Having said, everyone in this forum thread should look how long we should give this...16 dollars...40 dollars...100 dollars... 450 dollars challenge fees and blowing it up or getting cheated by prop firms. Monty is exception, he had money to pay upto 130k and still managed to get 300k...

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Quoting navk

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{quote} I would say, on paper, or with paper money, it is surely possible. Open a demo account yourself and see. The difference here is emotions in trading. when you see 1 M in your real money account, or 200 k real money in your real account, emotions settle in us. Having said, everyone in this forum thread should look how long we should give this...16 dollars...40 dollars...100 dollars... 450 dollars challenge fees and blowing it up or getting cheated by prop firms. Monty is exception, he had money to pay upto 130k and still managed to get 300k...

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Quoting navk

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{quote} to my knowledge no futures firm allows over night holding, over week end holding. ( ina prop firm acc) However, in real money account with futures firm, may be possible, no idea, because i never traded futures with real money.

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