DislikedI hate to say it but in Germany you pay over 50% taxes on selfemployed gains from prop firms, when a certain swallow is reached. On personal account it is flat ~25%.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
DislikedI hate to say it but in Germany you pay over 50% taxes on selfemployed gains from prop firms, when a certain swallow is reached. On personal account it is flat ~25%.Ignored
Disliked{quote} Balkan is paradise for such a thing you pay only 10% yearly on withdrawals made....Ignored
Disliked{quote} Yes, but most speak their language and some Russian. In schools they did not learn English some years ago, only Russian. So that could be a problem and the living standard there is far off from that in Germany too. And actually I do not want to be hit by any missile from Ukraine or Russia which accidentally hits a Balkan country.Ignored
DislikedOn FTMO in comparison to prop firm account it would not make sense, when you do the following equation. You need to make 150% on FTMO account, with compounding included it is factor 4.5. So equally like having 4850 Euro here, because of 1080 € challenge fee on FTMO. Then doing again 15% I get 24k on FTMO as payout, where I would be on personal on 22k (comparable) before taxes (!). Even I do 10% in a month on FTMO, I get on 200k funded 16k, which is less than 4850* 2,72=13.2k on PA after paying taxes. So FTMO does not make any sense to me at all...Ignored
DislikedI think ftmo, e8 tff tft mff are fine in terms of normal trading and payouts. IF you want to go yolo then it seems only MFF.Ignored
Disliked{quote} Have to disagree. I am funded at 4 firms and adding E8 after January. Reason #1.... The size(s) I am trading (DD only, as that is what I consider the size of account to be) are many multiples of my original investment. In addition, most of the funding is simply reinvesting profits and/or refunded fees. This is exponential when compounding profits in a prop vs. personal account. Of course, you may make a personal account risk free simply by pulling your original investment. However, my reinvested profits yield 5-6 times the account size vs....Ignored
Disliked{quote} Talking only about math, there are no two opinions you agree. So it matters much from where you are trading. In USA there are not much options and I do not know taxation there. But from Germany it makes sense only up to ~16k profits annually, because then you can pay easily more than just trading on personal accounts. So I do not say it is not profitable at all, but when I put in all numbers in, it simply does not make sense to trade 100% throughout the year fully on prop firm accounts. Having less stress or more fun is another topic. I...Ignored
DislikedWhat is the problem with FTMO now ? They fear higher profits they need to payout or what ?Ignored
Disliked{quote}-Likely, some of the higher-risk traders are doing more damage than they care to absorb. It is not really surprising. Even MFF has very recently stated that traders are getting smarter, as they are seeing a higher percentage of traders getting funded. It makes sense, because even gamblers will eventually have to rethink what they are doing since most do not have an unlimited supply of capital for challenges. They will eventually get tired of spending their paychecks on challenges and losing. At the end of the day, these gamblers are no good...Ignored
Disliked{quote}-Likely, some of the higher-risk traders are doing more damage than they care to absorb. It is not really surprising. Even MFF has very recently stated that traders are getting smarter, as they are seeing a higher percentage of traders getting funded. It makes sense, because even gamblers will eventually have to rethink what they are doing since most do not have an unlimited supply of capital for challenges. They will eventually get tired of spending their paychecks on challenges and losing. At the end of the day, these gamblers are no good...Ignored
Disliked{quote} i red the whole article, and still it s not quite clear what gambling really means for them. using broad terms like overleverging and accounts rolling etc. is a max risk of 3% accross all ur open positions over leveraged? is it the amount of trades open at any 1 time? is it making a % in a single day and then losing that without even scractching the daily limit? regardless of the account that 1 trades. i understand risking 5% on 1 single trade reckless. but isn t just that is it? there s a lot of grey area where they could enforce that?Ignored
Disliked{quote} Exactly. Lower leverage would be the fix. However, it appears the prop firms now want the best of BOTH worlds....failed challenges/accounts AND small payouts. If the lower the leverage, they need to lower the targets and/or extend the challenge.....You cannot encourage gambling in the challenges and then condone it on the funded account........THEY CANNOT HAVE IT BOTH WAYS. Ultimately, we should be looking for firms that want us to trade the same way in the evaluation/challenge as we do in the funded account. That would mean actually copying...Ignored
DislikedThere are some strategies to form an LLC, but truly only advantageous if you fall within a pretty small window.Ignored