Prop Firm Hub | Page 301 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #6,001
  • Dec 12, 2021 2:26pm Dec 12, 2021 2:26pm
Quoting Okemzi
Hello everyone, Does anyone here happen to have an experience with using a trade copier in managing accounts over multiple prop firms-- where trades taken on one account are replicated on others? How exactly does it work? And is there a service you would recommend?
I use this one, I run it on a VPN, works great, you can try out their free demo forexcopier.com
  • #6,002
  • Dec 12, 2021 2:51pm Dec 12, 2021 2:51pm
Alright - So I'm new here - currently with FTMO.
I went over a few of the pages and there seems to be a lot of rent/bad press on prop firms here.
Are there some special posts in the thread that I should be aware of? There's currently 301 pages so that's a bit hard to follow for the newcomers !
Thank you all for your service (to... the retail world I shall say? )
  • #6,003
  • Dec 12, 2021 3:42pm Dec 12, 2021 3:42pm
Quoting pipmaster77
{quote} Well MFF gives a free 30 day extension in lieu of unlimited free retakes. This is assuming you are not an "all-in" type of trader, which, if you are conservative, would be the reason for needing the extension. So, I really look at MFF as a 60 day eval if needed.

Don't forget that MFF free extension is not 30 days but 4 weeks.That's mean 28 days !!.Learned hard way.
Whether you think you can, or you think you can't,you're right. H.F.
  • #6,004
  • Dec 12, 2021 3:45pm Dec 12, 2021 3:45pm
Quoting Simply-Me
{quote} Don't forget that MFF free extension is not 30 days but 4 weeks.That's mean 28 days !!.Learned hard way.
lol... Bro, if you aren't done at 58 days best take the reset or the L. They are the only ones who offer an extension in regular times.
  • #6,005
  • Dec 12, 2021 5:51pm Dec 12, 2021 5:51pm
Quoting Mtinifx
Can't agree with any of you I'm afraid. In my view there is a place for the direct funded model. Come on guys, it is much easier to make $1250 on a 25k account at 50:1 then to take $700 of your own money and try and double it in a trading account! We all know how difficult it is to make even 10%. But lets say you're a good trader and you do so in a week or two. So you've made $70 - big deal! And if you do the maths on the TCF offer, at the moment it is probably not a bad deal. Works out to about $700 for a $25k account....

im new to prop firms, saw an advertisement somewhere and spent few thousand on 5er. thought that they are giving me money to trade didnt do any calculations. direct funding models are just trading with own money according to my findings. bcz every firm want trader to double the profit of given DD to get scale up. if they offers 1:1 ratio for DD and target profit for scale up only then trader will get some advantage.

i made two calculation one posted earlier still included here. plz check bot iamge hope it will clear ur thoughts.

also correct me if i made any wrong calculation

TIA
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 93 KB
Click to Enlarge Name: screenshot.png Size: 29 KB
  • #6,006
  • Dec 12, 2021 6:21pm Dec 12, 2021 6:21pm
Quoting fxmystere
Alright - So I'm new here - currently with FTMO. I went over a few of the pages and there seems to be a lot of rent/bad press on prop firms here. Are there some special posts in the thread that I should be aware of? There's currently 301 pages so that's a bit hard to follow for the newcomers ! Thank you all for your service (to... the retail world I shall say? )
Welcome to the club. There’s a mixed bag of relatively new prop firms but most are still too new to take seriously.

Funding Talent was a popular firm for the extreme degen gamblers. So popular they blew up much like a fast rolling train wreck.

For now the only two that stand out imo are FTMO and My Forex Funds. Both have been reliable despite a few hiccups a long the way. I use both firms.
Trade with confidence, trade without fear.
  • #6,007
  • Dec 12, 2021 6:28pm Dec 12, 2021 6:28pm
I have to brag a little. I am pretty sure I am the grand daddy of doing spreadsheet calculations of how these funding schemes work. Where were all you guys when I was duking it out with the 5ers?
  • #6,008
  • Edited 11:44pm Dec 12, 2021 7:13pm | Edited 11:44pm
Quoting fxmystere
Alright - So I'm new here - currently with FTMO. I went over a few of the pages and there seems to be a lot of rent/bad press on prop firms here. Are there some special posts in the thread that I should be aware of? There's currently 301 pages so that's a bit hard to follow for the newcomers ! Thank you all for your service (to... the retail world I shall say? )
You can give the thread a colonoscopy prep by putting "PaulMF" and "JotaP" on ignore. They add nothing of value to the thread. Might as well cut your reading time by scraping out any unnecessary fecal matter..


Although their little "partnership" is quite the love story.
Pride always comes before destruction.... -Proverbs 16:18
  • #6,009
  • Dec 12, 2021 7:16pm Dec 12, 2021 7:16pm
Quoting OutThere
I have to brag a little. I am pretty sure I am the grand daddy of doing spreadsheet calculations of how these funding schemes work. Where were all you guys when I was duking it out with the 5ers?

Spreadsheet stuff still doesn't calculate the effect additional margin for positions has on the growth of an account. Alas, I don't like direct funding, just so far no one has factored in what trading is actually like in their math centric spreadsheets

Bigger position size = more growth, if you are disciplined enough, direct funding poops all over trading own account. Rate of recovery also is significantly better on the direct funding.
  • #6,010
  • Dec 12, 2021 7:44pm Dec 12, 2021 7:44pm
Hi all. is anyone here with Enfoid I am having big trouble getting them to reply to my emails.
Also hit Swingfish up on his live you tube channel.He clearly did not want to deal with me. have pmd him, hit him on discord.
Been waiting about 6 mths to do a retrial so I can retrieve my funds in vault ,the reason I signed up with him over others.
Anyone else having these problems .I smell a slimy rat. Cheers.
  • #6,011
  • Dec 12, 2021 8:10pm Dec 12, 2021 8:10pm
Quoting Takisd
{quote} Spreadsheet stuff still doesn't calculate the effect additional margin for positions has on the growth of an account. Alas, I don't like direct funding, just so far no one has factored in what trading is actually like in their math centric spreadsheets Bigger position size = more growth, if you are disciplined enough, direct funding poops all over trading own account. Rate of recovery also is significantly better on the direct funding.
I don't exactly know what you mean by "additional margin". I get 1:500 margin on my personal account. That poops on any funder I have seen. The best I have seen is 1:200 but I am not an expert on details of these companies. With an allowable dd of 4% and such, it doesn't matter that they offer high margin anyway.
  • #6,012
  • Dec 12, 2021 11:05pm Dec 12, 2021 11:05pm
Quoting Htmrw
Hi all. is anyone here with Enfoid I am having big trouble getting them to reply to my emails. Also hit Swingfish up on his live you tube channel.He clearly did not want to deal with me. have pmd him, hit him on discord. Been waiting about 6 mths to do a retrial so I can retrieve my funds in vault ,the reason I signed up with him over others. Anyone else having these problems .I smell a slimy rat. Cheers.
Aren't they having some legal or jurisdiction issues which have caused them to partially cease operations?
Enfoid is a no go zone for now based on what i've read here.
  • #6,013
  • Dec 12, 2021 11:06pm Dec 12, 2021 11:06pm
Quoting Expo33
{quote} You can give the thread a colonoscopy prep by putting "PaulMF" and "JotaP" on ignore. .
Lmao this is such a perfect metaphor Expo... you're not as dumb as you say you are
  • #6,014
  • Dec 13, 2021 12:46am Dec 13, 2021 12:46am
Quoting MoxFulder
{quote} I use this one, I run it on a VPN, works great, you can try out their free demo forexcopier.com
Would check them out.
Thanks
  • #6,015
  • Dec 13, 2021 1:20am Dec 13, 2021 1:20am
Quoting Okemzi
Hello everyone, Does anyone here happen to have an experience with using a trade copier in managing accounts over multiple prop firms-- where trades taken on one account are replicated on others? How exactly does it work? And is there a service you would recommend?
fxblue trade copier
  • #6,016
  • Dec 13, 2021 5:05am Dec 13, 2021 5:05am
Digital Pit -

Honest Business Decision?
Bait and Switch?




"Hello All,
A major update is coming to Digital Pit, We like to firstly congratulate to all passers inside the firm,we are proud to have a record breaking number of PIT Traders entering into the firm.
We are glad that the One Stage Unique Model complements many of your strategies, We've seen individuals accomplishing record breaking profit and I'm certain the majority of you are shock too how incredible Static DD is contrasted with the old daily drawdown rules that are there to restrict your gains and also methods of showing you out of the program.
Because we have a finite amount of Asset Under Management from our partners, we're determining on the off chance that this pattern/trend proceeds without rolling out any improvements, we will run into a cashflow problem in the very near mid-term as we have effectively drained the greater part of our In-House capital into our Liquidity margin account for pledging + risk.
It ought to be sustainable later on, however not right now. We currently do not have the insights on our month to month income to keep us above water, therefore changes will happen in the coming days. I know for a significant number of you, we're viewed as one of the better and trustworthy firm out there due to our straightforwardness and additionally remarkable model.
Let's jump right straight into it! For existing traders that are already with us, there's no changes for you. There will only be changes on newer evaluation purchase.
The changes in the coming days:
-> 100K will be removed: This will empower us not to implement a "Waiting List" for awaiting traders entering into the PIT.
-> 50K will be the new 100K
-> Price Hike will come together with the changes.
-> There will be no changes to the model parameter. It will remain the same
-> Max Capital per Trader (100K, 50K x2) for newcomers.
We'd like to thank everybody for supporting Digital Pit and also Digital Pit would like to say thank you for your kind support, let's keep this rolling.
The changes is expected around this late end of the week. 100K will be removed and become a seasonal item when we have raise enough "AUM" to support such account again.
For statistical purpose:
We're currently close to 29% Passing Rate, The percentage is not fixed yet as there are still traders in the middle of the evaluation."
  • #6,017
  • Dec 13, 2021 5:22am Dec 13, 2021 5:22am
Quoting Koop
Digital Pit - Honest Business Decision? Bait and Switch? "Hello All, A major update is coming to Digital Pit, We like to firstly congratulate to all passers inside the firm,we are proud to have a record breaking number of PIT Traders entering into the firm. We are glad that the One Stage Unique Model complements many of your strategies, We've seen individuals accomplishing record breaking profit and I'm certain the majority of you are shock too how incredible Static DD is contrasted with the old daily drawdown rules that are there to restrict your...
I don't know anything about them but reading this brought back some scanning skills I developed when trading equities way back:

"finite amount, run into a, determining, off chance, cashflow, problem, very near mid-term, drained, pledging + risk, Liquidity margin, not right now, do not, keep us above water, "

In so few words could be summed up as "Oh Shit"....
  • #6,018
  • Dec 13, 2021 6:11am Dec 13, 2021 6:11am
Quoting OutThere
{quote} I don't exactly know what you mean by "additional margin". I get 1:500 margin on my personal account. That poops on any funder I have seen. The best I have seen is 1:200 but I am not an expert on details of these companies. With an allowable dd of 4% and such, it doesn't matter that they offer high margin anyway.

Mate, you trade right?

Take your 2.5k with 1:500 and compare it to say a 50k direct funding account (which has 2.5k drawdown) and calculate your position sizes you can trade. Then, lose 1k on that, and see if you can open the same size trade on each account in order to recover the draw.

Leverage is not margin..
  • #6,019
  • Dec 13, 2021 6:23am Dec 13, 2021 6:23am
I asked opinion of Scandinavian traders.Didn,t get much information about them.So I check this forum and many prop firms on net. most popular seem to be FTMO. So I would like to know ,why is better to have limited time to pass evaluation at FTMO than unlimited at Scandinavien at same DD and profit target? Thank you for any answer.
  • #6,020
  • Dec 13, 2021 6:40am Dec 13, 2021 6:40am
Quoting Takisd
{quote} Mate, you trade right? Take your 2.5k with 1:500 and compare it to say a 50k direct funding account (which has 2.5k drawdown) and calculate your position sizes you can trade. Then, lose 1k on that, and see if you can open the same size trade on each account in order to recover the draw. Leverage is not margin..
Replace that 1:500 with 1:1000 lev with XM markets or FXTM or some other clown broker and the margin actually evens out on both accounts Tak.
Just ran some quick calculations.

Also, realistically, Anyone who is losing 1k out of the 2.5k allowed DD on the 50k accelerated or 1k on the 2.5k personal account would have to scale down risk considerably on both accounts if they wish to have the accounts for longer.
107 traders viewing now