Loss limits are no the problem in the evaluations. The 10% in 30 days requirement is the problem. When I got start trading, 20% a year was my baseline to determine if it was worth my time. They want half of that in 30 days.

Prop Firm Hub

Do you think the Bootcamp is a waste of time with it's lousy 1:10 leverage? I can't quite decide between Hypergrowth and Bootcamp. The 3% daily shutdown in Hypergrowth is a real turnoff.

Prop Firm Hub

Yeah I know what to do, but it's just not how I "want" to trade. I like my nice large stop losses that don't require me to obsess over my entries. I get really good annual returns this way, but it's not a good fit for these "evaluations". I just ...

Prop Firm Hub

Thanks for confirming. I have very few concerns about profitability, I just don't have a go to strategy to force 10% out of the market in a given month. Time to tighten up those stops I guess.

Prop Firm Hub

For clarity....If the daily drawdown is 5% you will only risk (5% x 2%) = .1% of the total account? Does this require you to get a ton of trades on? On phase 1 you're risking (5% x 8%) = .4%? Is my math right? I'm mostly swing traded so I'm trying ...

Prop Firm Hub

Give me some hope buddy. I'm getting into the prop firms soon. You've been trading since 2014. Your bank roll hasn't grown enough since then that you don't "need" prop firm money? In my head, my future payouts will be funneled into other cashflow ...

Prop Firm Hub

I'm also starting their boot camp challenge by the end of this month. Sorting out the technology with the trade copier and then it's too the moon! Or at least $250k, then maybe $4m. I will share my experience in this thread.

Prop Firm Hub

Bootcamp "News trading is allowed. Except for bracketing strategies." High Stakes "Holding open trades over news is allowed. Executing orders 2 minutes before until 2 minutes after high-impact news news is not allowed." It is clearly defined. Can we ...

Prop Firm Hub

url The news events with 3 bulls are the ones that they monitor. The gist of the message they gave me was if you trade like a reckless moron they will fire you, news or not (as they should). Trade like a sensible professional and you have nothing ...

Prop Firm Hub

this is essentially what I was told, directly from customer service. If you trade like a reasonable person they will leave you alone. If you try to abuse them they will fire you as they should

Prop Firm Hub

Don't be lazy. Do what I did and reach out to their customer service directly. They don't care if you trade the news, but they don't want to see you take on abnormally high volume during the news in comparison to your other trading. I think if ...

Prop Firm Hub

The constant rule changes are how they manipulate payouts. My personal belief is that there is a bit of ponzi and a bit of legitimate business going on with these firms. When cash flow is getting tight, either from internal trading or challenge ...

Prop Firm Hub

It doesn't make sense. These people are just bad at math. They want to YOLO trade and think it's the only way to have any success. If the only way you know how to trade is to risk blowing your account then prop firms are not the best option for you.

Forex Prop firm vs Personal High Leveraged Account

I don't understand this logic. They are providing the opportunity. They are taking on the risk while the trader essentially has none. If they say you're not allowed to break up trades either fall in line or find another source of capital. You don't ...

Prop Firm Hub

Great thread. I appreciate the effort to build a "pythonic" wrapper. However, I tend to build these things on my own for applications such as trading. Question though. When I read the python mt5 documentation, each example says to initialize first, ...

Metatrader5 and Python

You'll need to write your own scripts to get the right position sizes. I've been running a python algo for the last few years, and I calculate position size based on my chosen risk % and account size.

Quantconnect

I'm just going to list my comments SIMPLIFY!!! - First thing. Don't quit. You'll never learn how to trade if you quit. - Focus on buying low and selling high. How can you improve your entry price? - You don't seem to be confident in your trading ...

After 1.5 years, at a crossroads, need advice from veterans

Let me simplify all that for you. Buy low and sell high. Trading with the trend makes things easier. You can still make profits in sideways markets, and even if the trend is going against you. But trying to make all the money in every situation ...

Trading is this Simple? Finally Explained simple and clearly!