Disliked{quote} Lovely post and so true. Frankly I'm beginning to think that it's better to go with a Prop Company rhat's organised, established, reliable and has a really sound track record. FTMO are way, way ahead.Ignored
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} Lovely post and so true. Frankly I'm beginning to think that it's better to go with a Prop Company rhat's organised, established, reliable and has a really sound track record. FTMO are way, way ahead.Ignored
Disliked{quote} Been with FTMO 11 months, just completed my 1st funded month with MFF. I consistently earn 3-5% with 1-1.5% DD. It's all about adjusting the risk. Those blowing accounts are obviously over trading.Ignored
Disliked{quote} why are you bothering with MFF isn't 400k enough with ftmo?Ignored
Disliked{quote} Important to diversify your prop firm portfolio just as you would for any investment portfolio. What if FTMO goes bankrupt or if some Czech regulator steps in and tries to shut them down or suddebnly makes them jump through 33 hoops to stay in business? Then pipmaster's trading accounts would add up to ZEROIgnored
Disliked{quote} Exactly correct, Expo. In addition, MFF allows up to 600K with an 85% split. At 1% per week, you earn $11,200 with FTMO maxed out, with MFF it's $20,400.Ignored
Disliked{quote} Good Tip. 1% per week. Can amount to a whole lot with a $500k+ account.Ignored
Disliked{quote} Not sure whether it is correct calculations. Technically 500K is 50K (allowed drawdown) so 1% of 50K is 500$. Even with 1% target one can blow up accounts in 10 trades. Also dont forget phycological part if you loose 4-5 trades in a row you virtually lost 50% of account.Ignored
Disliked{quote} Lol No Sam, you've got it all wrong. A 500k balance is a 500k balance. Risking 0.5% per trade, it would take you 10 straight losses to breach the max daily loss and 20 straight to breach Absolute DD. (should that person even be trading real money?) It's left up to you to figure out how to manage your risk. Risking only 0.5% of your 500k account per trade ($2500) using any trading system with a proven positive expectancy, 1% in a week shouldn't be so difficult. Also if you're losing 5 to 10 trades in a row, then you probably shouldn't be...Ignored
Disliked{quote} May be you are true but by your logic 500K is not 500K it may be 50 million as you have 100:1 leverage so balance is not balance. It is only good when you are allowed to loose otherwise it is just paper money. Though I agree with you 1% per week can be split into 10-20 trades per week.Ignored
Disliked{quote} Let’s assume you have a live account that is funded with 10K and has a leverage of 100:1. <--- Based on this information how would you answer if someone asked you these two questions below:- · What is the balance of your account? · If you had to risk 1% on that balance how much would that be in $ value?Ignored
Disliked{quote} I value money I am allowed to loose. What's the point in having 1 million in trading account when you are allowed to loose 1K? If you have 10K account you only have 10% which is 1K no matter how much leverage you have.Ignored
Disliked{quote} So with MFF, overall dd is 12%, FTMO is 10%. In addition, both have daily dd limit of 5% . Let's say you have 100K account with MFF, you can comfortably trade 1-2 standards ($10-20/pip). A 50 pip stop will put you at 0.5-1.0% DD. Let's say you take 2-3 trades per day, so 1-3% DD, I never go above 1%, but that's my personal risk threshold. If the account goes into DD initially, you need to adjust your position sizing based on remaining DD, so let's say your down 1K, you can now only lose 11K, your 0.5%-1% needs to be based on that new amount....Ignored
DislikedHas anyone tried MFF Accelerated Program? It's expensive but weekly payout, 50:1 and with the scaling feature makes it quite attractive I would say.Ignored
Disliked{quote} why are you bothering with MFF isn't 400k enough with ftmo?Ignored
Disliked{quote} Some prefer to have personal experience than listening to advice. Just let them go, let them taste it. I jump on it before receiving my refund by using the discount code from Expo33. So 449 for a DD of 5K not bad.Ignored
DislikedOk folks, Got another withdrawal from MFF, a pretty high one, and another FTMO. I am contemplating messing with Daniel Savages scam, my mindset is that I will probably expose it pretty quick because there is no traffic on his site and its unlikely there is any review there. Should I spend the $899 knowing full well I will probably never see that money back. The 800 buck option is the one that if it does work out and he decides payment will help him in the long run, I will get my money out faster. But if its a scam, its a scam and i will lose it....Ignored
DislikedOk folks, Got another withdrawal from MFF, a pretty high one, and another FTMO. I am contemplating messing with Daniel Savages scam, my mindset is that I will probably expose it pretty quick because there is no traffic on his site and its unlikely there is any review there. Should I spend the $899 knowing full well I will probably never see that money back. The 800 buck option is the one that if it does work out and he decides payment will help him in the long run, I will get my money out faster. But if its a scam, its a scam and i will lose it....Ignored
Disliked{quote} and what the advantages compare to evaluation program except weekly payouts?Ignored