- Search Metals Mine
- pipmaster77 replied Jun 15, 2021
Hi mastermind, Maybe you should consider placing a trusted firm designation for the firms we know and trust. It would all be based on feedback from everyone on the thread. Someone can nominate the firm(s) they have had good experience with and then ...
Prop Firm Hub
- pipmaster77 replied Jun 15, 2021
Reputation most often trumps the better deal. True in 99% of industries. You have to view these prop firms from a "What's in it for them" perspective. After all, they are in business to make money as well. If the terms appear great for the trader ...
Prop Firm Hub
- pipmaster77 replied Jun 15, 2021
I agree 100%. This challenge is like all challenge models without the time pressure or the cost. Once you pass, DD is still only 4%, but on a 100K account and cost is only $300. So $300 for 4K in DD with no prior or additional cost. This is ...
The5ers - Trading & Growth Program
- pipmaster77 replied Jun 13, 2021
Lol. Perfect analogy. It sure seems there are like 2-3 new ones popping up weekly and yet there are still probably only 3-4 that are long-term, serious options, which, in my opinion, is just as important as the terms being offered.
Prop Firm Hub
- pipmaster77 replied Jun 10, 2021
Hey, I love MFF. About to pass stage 1. I actually believe, unless FTMO changes some things, MFF will be king. However, as I posted above, the first 3 months, DOING THE SAME THING in both the eval and live with THE SAME COMPANY will yield 25K more ...
Prop Firm Hub
- pipmaster77 replied Jun 10, 2021
Did the math a couple of weeks ago. Same company challenge model vs scaling model.
Prop Firm Hub
- pipmaster77 replied Jun 10, 2021
These are the real numbers. This with CTI but you can plug the numbers in for any similar model. image
Prop Firm Hub
- pipmaster77 replied Jun 10, 2021
All of these models present as a % gain of the EQUITY of both the prop firm and the personal account. That is the marketing gimmick. You need to compare the ALLOWED DD of the prop vs THE TOTAL EQUITY of the personal account. Your risk per trade must ...
Prop Firm Hub
- pipmaster77 replied Jun 9, 2021
Simple formula...on a 100K account, initially make your R $500-1000, depending on your risk tolerance. Never lose more than 3R in a day. If you do shut the platform down, this way daily DD is not an issue. If you fall under the 100K in equity, your ...
Prop Firm Hub
- pipmaster77 replied Jun 7, 2021
They have their own server for live. They are still using the brokers for the 2 stages of eval, but that looks to change very shortly.
Prop Firm Hub
- pipmaster77 replied Jun 6, 2021
Big difference.....LUX you pay upfront. I know I sound like a fucking parrot.....but if the fee is equal to or greater than the DD offered, that fee will perform better in your personal account and you split with nobody. Lux tricks you with the ...
Prop Firm Hub
- pipmaster77 replied Jun 6, 2021
Looks like they're out of stock already. Or they blacklisted me. lol
Prop Firm Hub
- pipmaster77 replied Jun 6, 2021
If you like to take it slow, I'll say it again....put the "fee" in a personal account. It will actually allow you to trade slightly larger positions, and by stage 3 your personal account is blowing the 5%ers out of the water. Just took a quick look ...
Prop Firm Hub
- pipmaster77 replied Jun 5, 2021
Yes, 100K eval. I used Tickmill from a recommendation of someone on the thread. However, they announced in discord last night, Tickmill will no longer be available moving forward. I asked support and I will finish stage 1 on Tickmill and then be ...
Prop Firm Hub
- pipmaster77 replied Jun 5, 2021
So, here is the tricky part. being in the US and simply refusing to use any of the 3 remaining "regulated" brokers I'm allowed to use, I opt for the unregulated, high leverage offshore brokers. Once I break it down, you'll hopefully understand it is ...
Prop Firm Hub
- pipmaster77 replied Jun 5, 2021
I'm about 1900 away from passing stage 1 of MFF 100K. I plan to make FTMO 400K and MFF 300K and dump half of profits every month into my personal account(s). Goal being personal account being large enough to meet my monthly monetary goals. At that ...
Prop Firm Hub
- pipmaster77 replied Jun 5, 2021
So smart to look at current month and plan accordingly. My first two FTMO challenges I did simultaneously and was on vacation for the last week of the challenge. Didn't pay attention one day, was up well over 5 figures, closed the winners, left the ...
Prop Firm Hub
- pipmaster77 replied Jun 5, 2021
We have someone in here that used them. He said stay away.
Prop Firm Hub
- pipmaster77 replied Jun 5, 2021
Risk 10% of WHAT YOU HAVE LEFT per trade. Never take more than 3 consecutive losses in a day. Shut it down after 3R loss in a day. It will be a slow grind back, but you won't have to pay again and start over. With that being said, examine your ...
FTMO - For serious traders