I have bad feeling someone changed meaning of the words… Tell me please, am I wrong ?
Prop firm SL is a SL for them, not for a trader, for trader name of this level is simple. MARGIN CALL.
For me it looks like you are offered huge account, but you are using only 5% of this account and if you are breaking their DD level it is in fact your margin call. You are out. I do not blame them, I do not blame anybody, just wont to see things like they are.
In consequences Prop Firm expect from you to make, let say 10% form account formally 20 times smaller than it really is. All risk in prop firm calculation are related to whole capital but YOU still calculate the risk to your available 5% of capital to avoid your margin call.
And you guys are really great trades, when you manage this, because you are doubling in fact really available capital to play with …
Prop firm SL is a SL for them, not for a trader, for trader name of this level is simple. MARGIN CALL.
For me it looks like you are offered huge account, but you are using only 5% of this account and if you are breaking their DD level it is in fact your margin call. You are out. I do not blame them, I do not blame anybody, just wont to see things like they are.
In consequences Prop Firm expect from you to make, let say 10% form account formally 20 times smaller than it really is. All risk in prop firm calculation are related to whole capital but YOU still calculate the risk to your available 5% of capital to avoid your margin call.
And you guys are really great trades, when you manage this, because you are doubling in fact really available capital to play with …
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