I don't mean to be too negative but I doubt montygoldy is going to like trading with Darwinex based on his style.
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Anyone trading with a Prop firm 31 replies
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Disliked{quote} Yes, or in my case, up 5% in signal account and up 14% in Darwinex account, that engine works both ways. Yes, you are correct, must experience first hand to truly figure it out. Bottom line is, you need not worry about position size or risk on your own, it is simply how much of the market move you capture....it will be risk adjusted for you.Ignored
DislikedI don't mean to be too negative but I doubt montygoldy is going to like trading with Darwinex based on his style.Ignored
Disliked{quote} Absolutely no way. Some seem to enjoy the thrill of being all-in all of the time. I understand exactly what he is doing....he has his own business model. Pay $50-90 for an eval and look at it as a risk on one trade in a personal account. Even if you win 25-33%, ROI is still fantastic. Where some see it as gambling, it really isn't, it's simply one trade with a risk of $50-90, when it hits you now have $2,500 to trade with.Ignored
Disliked{quote} Essentially, it's like having a $5K personal account and risking 1-2% per trade (Monty does an eval instead) Now assume a 33% win rate with a 1:1 risk reward, you are a losing trader on personal. Assume the same with a prop costing $90 and a 33% win rate on eval and the same on sim, you're running like a 150% ROI. Of course, once you have a payout or two, it's perpetual, payounts fund new evals and none of your money is ever at risk from that point.Ignored
Disliked{quote} I think I just sold myself on picking up some cheap evals.Ignored
Disliked{quote} Essentially, it's like having a $5K personal account and risking 1-2% per trade (Monty does an eval instead) Now assume a 33% win rate with a 1:1 risk reward, you are a losing trader on personal. Assume the same with a prop costing $90 and a 33% win rate on eval and the same on sim, you're running like a 150% ROI. Of course, once you have a payout or two, it's perpetual, payounts fund new evals and none of your money is ever at risk from that point.Ignored
Disliked{quote} hey pip, Since the futures side has gradually turned to shit with rule changes and more denials, I completely changed up my approach to props..... I now run evals @ 25% dd risk (4 losses to bust) and do the same in funded to quickly get to payout thresholds.... as the account bal quickly grows the static position size risk per trade gradually reduces to more responsible levels, once around 6-7K bal the risk of busting the account is pretty much eliminated. my eval pass rate is around 66-70% and eval to payout threshold rate is around 40%.....Ignored
DislikedAfter great success, I opened Live acc 2 in a hurry today. The first 20 of live 2 also done. {image}Ignored
Disliked{quote} Hey Cable, Great to hear from you. Great input as always.....both on the risk strat and the first hand experience of the firms you are using.Ignored
Disliked{quote} hey pip, Since the futures side has gradually turned to shit with rule changes and more denials, I completely changed up my approach to props..... I now run evals @ 25% dd risk (4 losses to bust) and do the same in funded to quickly get to payout thresholds.... as the account bal quickly grows the static position size risk per trade gradually reduces to more responsible levels, once around 6-7K bal the risk of busting the account is pretty much eliminated. my eval pass rate is around 66-70% and eval to payout threshold rate is around 40%.....Ignored
Disliked{quote} 18 % ROI today alone. Love to do trading in line with my charts. Will post more results by July end. {image}Ignored
DislikedBought a 50K advanced acct from Tradeify on Friday and passed last night after midnight PST. Dashbaord doesn't update until the next day so I'm assuming I won't get any emails about activation payment until tomorrow. Any insights from Tradeify users about funded accounts. Haven't heard about any payout issues.Ignored
Disliked{quote} I use the Straight to Funded accounts at Tradeify.....no issues whatsoever.....great choice.Ignored
Disliked{quote} Seriously its an addiction CHEAP EVALS.. once you taste the upside.......Ignored
Disliked{quote} whats ur average waiting period to make an account profitable and get 1st payout?Ignored
Disliked{quote} I forgot another newer one i've used... Daytraders, very similar to apex (not as yolo friendly on evals though due to lower contract limits), the ceo was a former partner @ apex, developed their backend tech & is currently suing them.Ignored
Disliked{quote} whats ur average waiting period to make an account profitable and get 1st payout?Ignored