- Search Metals Mine
- Nsak3y replied Oct 19, 2024
-I am curious if the 30% of profits rule will include your available draw-down (or be applied post-safety net), because if it doesn't, then this is an absolutely terrible rule. It's going to force people to over-trade in the beginning and ...
Prop Firm Hub
- Nsak3y replied Oct 17, 2024
-But you would be taking on more risk with the personal account, since the draw-down allowance would be less than half in that example. If you use the aforementioned 2.5k investment and do a comparative analysis, you can easily see which is better. ...
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- Nsak3y replied Oct 17, 2024
-The cool thing about firms like Apex, is that you can simply add more accounts; you do not necessarily need to trade bigger position sizes. Being able to trade 20+ accounts is huge; the numbers do not lie. It is beneficial, but only if you can pass ...
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- Nsak3y replied Oct 17, 2024
-I think, the point of prop should be to generate more capital, more quickly. Ultimately, you should be able to risk less while making more. If not, then adjustments may be needed. In the case that you describe, trading 1 to 2 micros on a 50k ...
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- Nsak3y replied Oct 17, 2024
Looks like FlexyTrade is listed on Quantower's connection page now. I see that they have added instant funding to their offerings. I cannot understand how that is viable, but I haven't looked at the rules yet. Would be curious if anyone has received ...
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- Nsak3y replied Oct 16, 2024
-It is my understanding that the term 'flipping', in this case, simply means doubling an account. It does not necessarily have to be within a given time-frame, but it is often done so rather quickly by those that make a strategy out of it. If the ...
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- Nsak3y replied Oct 16, 2024
-Depends on how much the initial balance was. 1k compounded at 20% per month, over 48 months, is just over 6M.
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- Nsak3y replied Oct 16, 2024
-I suppose that this would be equivalent to flipping an account more than 3 times in an row, which can be done. The only difference is that the trader would need to wait until the next month after each flip, which doesn't usually happen, as a matter ...
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- Nsak3y replied Oct 12, 2024
-Better to not get suckered into playing their game, pip. Karl and Quickly probably have a lot to offer, but they often choose to present their thoughts in provocative ways. I really do not see the point of it.
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- Nsak3y replied Oct 12, 2024
Perhaps a pathway to live could be seen as a double-edged sword, especially if the criteria are not clearly defined (or in some cases, a total mystery). On the one hand, having a proven pathway to live may help with regulation and the potential, ...
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- Nsak3y replied Oct 10, 2024
-Glad you're safe. Thanks for the update. I could only watch from afar. Monitored a few city cams to see what was going on.
Prop Firm Hub
- Nsak3y replied Oct 8, 2024
-In terms of live trading, I suspect that props will only be required to have a proven pathway for that. Regulators simply cannot force props to move a specified percentage of traders to live within a given time-frame, and thereby deciding the ...
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- Nsak3y replied Oct 8, 2024
-To be fair, the so-called funding element involved with remote props must be considered here.
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- Nsak3y replied Oct 8, 2024
-Some of these guys have no shame at all. I would be embarrassed if I was associated with this firm.
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- Nsak3y replied Oct 5, 2024
-If the rumors are true about Apex requiring traders to fund their live accounts with their own profits, then the math may not matter. I tried asking about this, but they did not seem very willing to share any information about it. One would think ...
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- Nsak3y replied Oct 5, 2024
-I think, this may depend on how they go about it. If having just 1 or 2 traders briefly go live in a given year is enough to counter any claims against them, then it may not matter much. There is also the matter of where the funding will actually ...
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