- Search Metals Mine
- pipmaster77 replied May 16, 2021
But if you consider it over-leveraging in the personal account, how is it not over-leveraging in the 4% DD model. It will still be the exact same number of trades that will end the account. Bottom line is you have the same amount of $$$$ to lose ...
Prop Firm Hub
- pipmaster77 replied May 16, 2021
Yes, the details may not be exact. The point is, though, by stage 3 your personal account will be double the 5%ers, CTI or any other similar model where fee is greater than loss allowed and there is a 4% DD. You're also keeping 100%. As far as "risk ...
Prop Firm Hub
- pipmaster77 replied May 16, 2021
Right, I don't get this "hold over the weekend" as a make or break point. A decent size portion of my trades are swing trades (3 days+) and I close ALL before the weekend and MOST every day. I then re-open when spreads "normalize" 1-2 hours later. I ...
Prop Firm Hub
- pipmaster77 replied May 16, 2021
That is why I trade with FTMO. Starting an eval with MFF this week as well. I'm not saying prop trading is bad, just these "scaling" models, where your money would be better off just trading on your own. With that being said, yes, the ultimate goal ...
Prop Firm Hub
- pipmaster77 replied May 16, 2021
I'm going to summarize up to stage 3 as that is all that is needed, but if you take it to stage 7, your mind will be blown. I'm going to use nice round numbers so let's go with 10K account at 5%ers at a cost of $450 with DD of $400. For the sake of ...
Prop Firm Hub
- pipmaster77 replied May 16, 2021
I mean this is like opening an account with a broker, and they tell you, you need to deposit 2K, but we are only giving you $1600. Now once you make $1600 in profit, you're account will be double, for your efforts, we will be taking half. Matter of ...
Prop Firm Hub
- pipmaster77 replied May 16, 2021
Well, if your position size with the %5ers was larger than $275 in your personal account....you most certainly would have hit the 4% DD. The math is a couple posts above. Math is math, it is not an opinion. If you have $200 DD with the 5%ers and ...
Prop Firm Hub
- pipmaster77 replied May 16, 2021
10 days is minimum on both stages. You have UP TO 30 days in challenge and UP TO 60 days in verification. After verification, you will get account and that trading period is 30 days. At the end of that, you get 70% of whatever the profits plus your ...
FTMO - For serious traders
- pipmaster77 replied May 16, 2021
The challenge/verification models (FTMO, MFF, Enfoid) are a good value to the trader. On a 100K , they are giving you 10-12 K drawdown for a fee of 500-800. The "scaling" models, horrible...all a marketing gimmick to make you think you will be ...
Prop Firm Hub
- pipmaster77 replied May 16, 2021
Well, 50:1 is only on three pairs, EURUSD, USDCAD, EURCAD. Anything with JPY or AUD is 33 and GBP crosses are 20. Plus no gold, no indices, etc. It's not that 1:50 isn't enough, it's the spreads, freezing platforms and all the other crap they get ...
Prop Firm Hub
- pipmaster77 replied May 16, 2021
The reason they give you so long is you must trade tiny positions. They give you 6 months to make 1400 on 20 K or 600 on 10K. If you take that 875 or 450 fee and trade on your own, you will also make that in 6 months, your sizing will be the same. ...
Prop Firm Hub
- pipmaster77 replied May 15, 2021
Exactly the reason they have us trade on demo. They can then choose to copy/not copy whatever they wish. I prefer it if it allows me to trade with a prop firm without MORE regulation in my life. In the US, I'm already forced to go offshore to get ...
Prop Firm Hub
- pipmaster77 replied May 15, 2021
MyForexFunds....same model, target is only 8%, DD is 12%, news and weekend holding allowed. Only drawback is they are fairly new, especially the challenge model.
Prop Firm Hub
- pipmaster77 replied May 15, 2021
Here's the math, in case anyone wishes to challenge it....
Prop Firm Hub
- pipmaster77 replied May 15, 2021
I will repeat for all, the 5%ers, CTI, etc, all none challenge/verification "scaling" models.......
Prop Firm Hub
- pipmaster77 replied May 13, 2021
Yes, when I first saw the 6 best and the 6 worst videos, there was actually some quality content. Since then, a complete joke.
Prop Firm Hub
- pipmaster77 commented May 13, 2021
Well you can't blame EVERYONE who voted for Biden. After all, half of them have been dead for many years. I know someone is going to come in and say that's not fact, yada, yada, yada. When you actually look at the facts, and see how vote for Biden ...
U.S. Jobs Report Delivers Biggest Forecasting Miss Ever
- pipmaster77 replied May 12, 2021
and the interviewer, every week with a new flavor NOW THE #1 PROP FIRM!!!! Making affiliate commission from all of them. I love the way the curtains are blowing around behind the headboard to his bed. Adds a nice touch.
Prop Firm Hub
- pipmaster77 commented May 12, 2021
Awesome post. Dead on.
U.S. Jobs Report Delivers Biggest Forecasting Miss Ever