I think you can be proud of yourself and that you shouldn't be ashamed of the time it took you. I know people who have studied their whole lives and still haven't reached their goal, and I know people for whom everything works out as if by magic and ...

Trading for a living

Position sizing is a core element of risk management in trading. "Risk" is subjective because risk perception is based on an individual's beliefs, experiences, values, and emotions, leading to different interpretations of the same situation. This ...

Trading for a living

I'm always surprised by you, Terry, how you want to know that it won’t suit me? Are you still doing the ex-dividend gap thing? As far as I remember, you couldn't tell me how you managed your risk with it except for a few crude statements like "if ...

Trading for a living

Hi, Thank you so much for this fantastic post You’ve saved my day. It gives me hope that there are still some people here who know what they're talking about. I'll comment on some of your points in more detail tomorrow, as it's already late here and ...

Trading for a living

You mean all the so called professional traders doing this for a living but can’t even show you 1 month of profitability where they followed a specific strategy using their own rules and sticked to it? Yes, thanks for the entertainment too…

Trading for a living

If you can consistently make $400 a month you shoud be able to make $4k, $40k or even $400k because you would then essentially only need to scale up your profitability through position sizing and having more capital in your account. $400 will get ...

Trading for a living

What did you expect? You're obviously just trying to annoy/polarize, or what was the point of that childish remark "Or just die"? If you had taken the time to follow all my posts, you would know that I already have a job and that I'm trying to ...

Trading for a living

I don't feel like arguing with you. If you have nothing constructive to contribute, please bother someone else. If you’re trading for a living please feel free to post your transparent track record for the last 12 months and enlighten us. If you ...

Trading for a living

Yes, I'm aware that I can't control the market and that it's very unpredictable and full of randomness. Therefore, I'm not a fan of technical analysis and looking at charts. I can't imagine anything more boring, so I need something that simply ...

Trading for a living

What do guys think about this? Personally I don’t have any experience with options. However, this probably requires far more capital in a personal trading account in order to effectively generate a certain minimum cashflow of, say, $5k month after ...

Trading for a living

This all sounds a lot like astrology to me. Unfortunately, I can't really relate to that at the moment. I started this topic to find fairly clear help on how to achieve a specific return target within a specific time frame, with a specific maximum ...

Trading for a living

Thank you. I’ll try to get my head around it. It’s simply not in the best condition right now. Appreciate your contribution! Have a good weekend!

Trading for a living

Great. And how long have you been working with both companies and how many payouts did you get so far? Maybe you could also tell me what you typical risk on a single order with FTMO because there are many people claiming who got funded with FTMO, ...

Prop Firm Hub 2.0

Thanks for sharing all this but it’s too much information for me and I couldn’t trade like that. Hopefully it’s helpful to some other people here. Personally, I’m looking for a very clear/objektive daily trading plan that I can follow either in a ...

Trading for a living

It has been an awful week for me and my current strategy trading the stock indices (DAX, FTSE, DOW, NAS and S&P 500). Today was the worst day. Only Tuesday was profitable. Overall the „price action“ on all these markets looked very choppy to me for ...

Prop Firm Hub 2.0

Do you find FTMO or 5ers more difficult?

Prop Firm Hub 2.0

Well, the way he described what he’s doing didn’t sound like having an edge. No words about amount of orders, risk:reward and win rate. Thats why I said it’s confusing if people just state something without providing any context or evidence. The way ...

Prop Firm Hub 2.0

So you’re telling me if Monty say‘s to risk the full contract size to max. out his position size on 1 „bet“ is not the same as placing 1 bet on a roulette table? Yes he might have only risked 1% of his bank roll but the TASK itself has NOTHING to do ...

Prop Firm Hub 2.0

I'm glad you're so knowledgeable. Yes, as I said, you could see it that way. My impression "so far" has been that there are certainly reputable prop companies that are interested in finding long-term profitable traders and not in giving people ...

Prop Firm Hub 2.0

Monty, it's all good. I completely understand, and I wasn't at all concerned with props or how you make money with them. If you risk $50 to trade very risky with the possibility of losing it or possibly receiving a large payout, only to then ...

Prop Firm Hub 2.0