- Search Metals Mine
-
symmtrytradr replied Jul 5, 2022True, but it depends on reward:risk ratio on your trades and if the biggest challenge is the daily drawdown or max dd. I think most traders hit the daily dd but I could be wrong. If you take minimum 3:1 reward:risk ratio trades, your risking 333 to ...
Prop Firm Hub
-
symmtrytradr replied Jul 4, 2022Updated for TFF and FTMO per trader allocation max Also confirmed with Traders Central Fund you can start on the 200k account and scale up to $2M within 4 stages. 200k with 10% profit they top up to 400k 400k with 10% profit they top up to 1M 1M ...
Prop Firm Hub
-
symmtrytradr replied Jul 4, 2022Thanks for clarification, TFF said the same. So The prop trading is the only one that allows unlimited accounts given they are trading different stratagies/instruments.
Prop Firm Hub
-
symmtrytradr replied Jul 4, 2022The model is different then Ment. Ment doesn't offer scaling like ft+, their scaling is just increasing max lot size, they are also more expensive and lower available leverage. They do have 1 million evaluation and you can trade multiple accounts up ...
Prop Firm Hub
-
symmtrytradr replied Jul 3, 2022Yes thats correct, that's why I gave the example of reaching above 17% profit and withdrawing the surplus. The scaling is based on our discretion so if you wait to reach 17% profit on the account, you can choose to take out 7% or 9% or whatever and ...
Prop Firm Hub
-
symmtrytradr replied Jul 3, 2022Yes great point and important consideration as that differs from other firms which allow scaling despite withdrawal.
Prop Firm Hub
-
symmtrytradr replied Jul 3, 2022Per FTMO website ( url : "We do not place any limit on the number of trading accounts you can have in the FTMO Challenge and Verification. However, we have a maximum capital allocation of $400,000 (on Normal risk setup, prior to scaling)per trader ...
Prop Firm Hub
-
symmtrytradr replied Jul 3, 2022To my understanding you can withdraw profits as well - so If you reach for example 17% profit on 100k account goes to 117k and ask to scale, the new account is 217k with max dd fixed at account equity of 200k (so if you don't withdraw, you start ...
Prop Firm Hub
-
symmtrytradr replied Jul 3, 2022*This is based on claims on the firms websites, I don't have experience scaling with them to confirm any of the info*
Prop Firm Hub
-
symmtrytradr replied Jul 3, 2022Attached is a breakdown of a few firms and their max allocation/scaling plans compared, if useful for anyone looking at options to scale. Let me know if anything missing or incorrect. Thanks
Prop Firm Hub
-
symmtrytradr replied Jul 3, 2022FundedTradingPlus has an experienced program which has 6% max dd with 10% target but is only 1 stage. DD sounds negative but actually in a scenario where you risk 10% of max dd per trade to make, lets say, 5:1 reward:risk - it ends up you need 3.33 ...
Prop Firm Hub
-
symmtrytradr replied Jul 1, 2022Funded Trading Plus is a tricky one, my thoughts: Negatives: 1. Trailing drawdown 2. 30:1 leverage 3. Experienced Program target 10% profit, only 5% max drawdown Positives: 1. Scaling plan - double account size up to 2.5M every 10% profit in ...
Prop Firm Hub
-
symmtrytradr replied Jun 30, 2022Any thoughts on where this update ranks them in the top firms list?
Prop Firm Hub
-
symmtrytradr replied Jun 30, 2022Exactly..tough to watch - every time he pulled up the charts and starting explaining I wanted to pull out my hair.
Prop Firm Hub
-
symmtrytradr replied Jun 30, 2022Glad I'm not the only one. Even better is the top comment: " Titantrading 6 days ago I'm speechless, this is the best FTMO's interview that I've seen so far. Paul trades like a real "market wizard", he thinks like a genius and act like a computer, ...
Prop Firm Hub