Prop Firm Hub | Page 1195 | 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

  • #23,881
  • Oct 9, 2023 2:44am Oct 9, 2023 2:44am
Quoting Tobiazzek
{quote} Just say which company it is when it comes to life haha. Hopefully in faq there will be answers for which type of trader they would be looking, because tbh I have no clue what are some characteristics of a trader off of which you can make money when it comes to orderflow.
My advice was not to be so specific but to regulate the trading. My advice was trades must be above 1min, any profit from trades under 1m removed (you cant do anything with this order flow and if you send a lot of it the spreads widen at provider). No open during news only close. And switch to close only during rollover to avoid the "SPREAD SLIPPAGE WAA" headaches. Other than that it should be ok.

The transparent nature though, because its money, I feel is a very big security problem for personal security this is why I opted out. I do not want personal security just because I am being transparent on a website with how much we make, how much the company makes, what the company makes from.

But you will see which company it is because when/if it launches it will have a EU license and be in greece.
  • #23,882
  • Edited 3:15am Oct 9, 2023 2:55am | Edited 3:15am
Quoting Takisd
{quote} My advice was not to be so specific but to regulate the trading. My advice was trades must be above 1min, any profit from trades under 1m removed (you cant do anything with this order flow and if you send a lot of it the spreads widen at provider). No open during news only close. And switch to close only during rollover to avoid the "SPREAD SLIPPAGE WAA" headaches. Other than that it should be ok. The transparent nature though, because its money, I feel is a very big security problem for personal security this is why I opted out. I do not...
Seems fair provided that trades <1m is just profit deductions and not a breach. Let's wait and see.
  • #23,883
  • Oct 9, 2023 3:55am Oct 9, 2023 3:55am
Quoting Capablanca
{quote} Seems fair provided that trades <1m is just profit deductions and not a breach. Let's wait and see.
It would be a breach in the phases. But not in the live. Because if you reached live, you have proven you can do it without the <1m trades.

Live leads to emotions so its understandble sometimes shit happens.

But again, its not up to me anymore I have done some ground work for other people (people you already know I believe). I was going to do it and have them involved but as mentioned, my life does not need security concerns. I am not young enough to deal with someone trying to kidnap me or threatening to kill me because they failed a challenge. I also don't want to be as transparent as the market is demanding and when you start showing people your company makes millions, a bounty is on your head.
Humans don't understand the cost of being transparent they just think "OH CORPORATE GREED PIGS OH", this was proven when MFF case was released. People were so fixated on a guys bugatti and started screaming about it. If people knew about it before hand most likely someone would have threatened his kids. They already told stories of people showing up to their office and threatening them.
I believe Angelo gets the same threats as well. I do not want to be a part of that.
  • #23,884
  • Oct 9, 2023 4:25am Oct 9, 2023 4:25am
Quoting Takisd
{quote} It would be a breach in the phases. But not in the live. Because if you reached live, you have proven you can do it without the <1m trades. Live leads to emotions so its understandble sometimes shit happens. But again, its not up to me anymore I have done some ground work for other people (people you already know I believe). I was going to do it and have them involved but as mentioned, my life does not need security concerns. I am not young enough to deal with someone trying to kidnap me or threatening to kill me because they failed a challenge....
This is about the most sensible thing I've read on FF and especially on this thread. People have no idea about people.
  • #23,885
  • Oct 9, 2023 4:40am Oct 9, 2023 4:40am
Quoting Fagin
{quote} This is about the most sensible thing I've read on FF and especially on this thread. People have no idea about people.
Hell yeah, if you only trade for yourself on personal or prop you do not have to fear any threat. You are not public. But of course showing your millions to everyone is not clever, this also depends on the area you live, because in Monaco you get a laugh showing a few millions and you are considered as poor; but not do/show this in Africa.
  • #23,886
  • Oct 9, 2023 4:47am Oct 9, 2023 4:47am
Quoting TrAndy1
{quote} Hell yeah, if you only trade for yourself on personal or prop you do not have to fear any threat. You are not public. But of course showing your millions to everyone is not clever, this also depends on the area you live, because in Monaco you get a laugh showing a few millions and you are considered as poor; but not do/show this in Africa.
Yep, live humbly and respectfully. Do not live at all on social media, just observe.
  • #23,887
  • Oct 9, 2023 5:08am Oct 9, 2023 5:08am
Quoting Fagin
{quote} This is about the most sensible thing I've read on FF and especially on this thread. People have no idea about people.
I agree with you. A lot of people have no idea about trading must less about people. Money, greed can have a dynamic effect on people.
  • #23,888
  • Edited 5:37am Oct 9, 2023 5:26am | Edited 5:37am
This guy Andrew NFX has a realized score of around 6 he admit himself. That means on those prop firm offers he cannot do excess profits on top of their score as value. That means on his personal accounts he is only breakeven when he would trade it the same way. So he can only profit from the prop firms offers. That is one example.
Inserted Video

He was banned at FTMO and Bespoke for too much risk. He goes all in with high risk on his challenges and then trade it differently on the funded accounts. That is a problem with Bespoke where he got banned too. Second, his wife on his home also had Bespoke accounts with same IP. That does not made it better, so he got banned.

I am astonished that he cannot do the math and cannot figure out that he is only profitable with the prop firms. He is NOT profitable on his personal accounts or rather his wanted hedge fund etc., taking money from investors on real accounts. With score around 5 or 6 he is just inline with the score given from the prop firm. Too stupid.
  • #23,889
  • Oct 9, 2023 5:44am Oct 9, 2023 5:44am
For example this German Trader has a realized score of 9, net of all sum of profits/payouts to sum of all paid costs/on challenge fees. That means he has around a net excess score of 3 above the prop firms their scores. That means he could do it successful on his personal accounts too with probably around 10% to 20% percentage gain per month with 20% to 35% max. drawdown here, or expressed it in other words around 0.5 R per month, so 6R or 6 times multiple his drawdown per year without compounding in between.
Inserted Video
  • #23,890
  • Oct 9, 2023 5:55am Oct 9, 2023 5:55am
That you have an orientation. I have realized monthly R of 1.1 on my hedge fund account, which means I can do around 13 R per year without compounding. That's me.
  • #23,891
  • Oct 9, 2023 6:00am Oct 9, 2023 6:00am
But I do not have longterm figures on my realized R monthly performance, only for this year 2023. So you cannot go forward I should be XXX rich within XXX years. I just do not know if I can hold this good performance for some years longer. But so far so good. I am working hard, and I make improvements every few months still too.
  • #23,892
  • Oct 9, 2023 6:29am Oct 9, 2023 6:29am
People also need to start acknowledging they shouldnt believe everything they see posted by prop firms or prop firm reviewers/influencers. There is a lot of paid interviews etc going on.

When the next CFTC case comes out you might see evidence of it.
  • #23,893
  • Oct 9, 2023 6:37am Oct 9, 2023 6:37am
Quoting TrAndy1
This guy Andrew NFX has a realized score of around 6 he admit himself. That means on those prop firm offers he cannot do excess profits on top of their score as value. That means on his personal accounts he is only breakeven when he would trade it the same way. So he can only profit from the prop firms offers. That is one example. https://www.youtube.com/watch?v=3QWWN3jz1Js He was banned at FTMO and Bespoke for too much risk. He goes all in with high risk on his challenges and then trade it differently on the funded accounts. That is...
Mate, what u on about? what score? according to who? the periodic table? What math? if the market could be desciphered mathemathically then all the matchmathicians would rule the freaking world. I get that u need to prop up BESPOKE propfirm cos ur trading with them, but u do not know the facts nor the do u have access to, unless ur part of that firm. Every trader cheats and all the firms are right to ban them, especially the 1 u keep mentioning, Come on man//.....To quote the lider of the free folk
  • #23,894
  • Oct 9, 2023 6:41am Oct 9, 2023 6:41am
Quoting 1odi
{quote} Mate, what u on about? what score? according to who? the periodic table? What math? if the market could be desciphered mathemathically then all the matchmathicians would rule the freaking world. I get that u need to prop up BESPOKE propfirm cos ur trading with them, but u do not know the facts nor the do u have access to, unless ur part of that firm. Every trader cheats and all the firms are right to ban them, especially the 1 u keep mentioning, Come on man//.....To quote the lider of the free folks
No I was not talking about Bespoke or any particular prop firm. I was referring to the score, which is the value in multiple times of the challenge fee you get for the prop firm. For example score of 6 means, that you get $6k (virtually) for $1k invested (real money). That means if you keep buying challenges to get a payout and your realized score is also 6 (real money/profits), you can only make money with this prop firm, or with prop firms at all. You cannot do any profits on personal accounts it means. That is important to know, that is why I posted this here above. Everyone should know how his odds are and how profitable (s)he is. If one can do it...good.
  • #23,895
  • Oct 9, 2023 6:49am Oct 9, 2023 6:49am
Quoting TrAndy1
{quote} No I was not talking about Bespoke or any particular prop firm. I was referring to the score, which is the value in multiple times of the challenge fee you get for the prop firm. For example score of 6 means, that you get $6k (virtually) for $1k invested (real money). That means if you keep buying challenges to get a payout and your realized score is also 6 (real money/profits), you can only make money with this prop firm, or with prop firms at all. You cannot do any profits on personal accounts it means. That is important to know, that...
and who sticks by that? Haven t u read by now that almost every trader in this forum treats propfirms differeently then they would a personal account? U said he s BE in his personal account.. How so? is he scalping with 2 pips SL and the bigger spread would kill him? unless he s taking advantage of the feed somehow since it s demo, the same strategy would yield profits on personal account keeping the risk in check and not yoloing.

EDIT> haven t watch the interview
  • #23,896
  • Oct 9, 2023 6:54am Oct 9, 2023 6:54am
Quoting 1odi
{quote} and who sticks by that? Haven t u read by now that almost every trader in this forum treats propfirms differeently then they would a personal account? U said he s BE in his personal account.. How so? is he scalping with 2 pips SL and the bigger spread would kill him? unless he s taking advantage of the feed somehow since it s demo, the same strategy would yield profits on personal account keeping the risk in check and not yoloing. EDIT> haven t watch the interview
I trade my funded accounts and also my challenges before same way exactly like I do with my hedge fund account or personal account. I cannot speak of everyone how (s)he is trading his prop firm account. But I would say do you should do it and trade it the same way. If you are referring to frequent scalpers as trading personalities you might get different slippage on different prop firms versus to brokers. Of course here is the difference to props greater, but this more rarely as not everyone is that kind of scalper. My two cents.
  • #23,897
  • Oct 9, 2023 6:59am Oct 9, 2023 6:59am
Quoting TrAndy1
{quote} I trade my funded accounts and also my challenges before same way exactly like I do with my hedge fund account or personal account. I cannot speak of everyone how (s)he is trading his prop firm account. But I would say do you should do it and trade it the same way. If you are referring to frequent scalpers as trading personalities you might get different slippage on different prop firms versus to brokers. Of course here is the difference to props greater, but this more rarely as not everyone is that kind of scalper. My two cents.
i wish u the best with all ur accounts and hedges and whatnot, but don t judge a book by it s cover. what is applicable to u doesn t mean it applies by default to every1. Assuming without having the facts is just rubish imo. Anyways, a bit more objectivness wouldn t hurt. Cheers
  • #23,898
  • Oct 9, 2023 7:04am Oct 9, 2023 7:04am
Quoting TrAndy1
This guy Andrew NFX has a realized score of around 6 he admit himself. That means on those prop firm offers he cannot do excess profits on top of their score as value. That means on his personal accounts he is only breakeven when he would trade it the same way. So he can only profit from the prop firms offers. That is one example. https://www.youtube.com/watch?v=3QWWN3jz1Js He was banned at FTMO and Bespoke for too much risk. He goes all in with high risk on his challenges and then trade it differently on the funded accounts. That is...
He did say that he gambles like that only on challanges, on funded he trades differently.
  • #23,899
  • Oct 9, 2023 7:37am Oct 9, 2023 7:37am
Quoting 1odi
{quote} and who sticks by that? Haven t u read by now that almost every trader in this forum treats propfirms differeently then they would a personal account? U said he s BE in his personal account.. How so? is he scalping with 2 pips SL and the bigger spread would kill him? unless he s taking advantage of the feed somehow since it s demo, the same strategy would yield profits on personal account keeping the risk in check and not yoloing. EDIT> haven t watch the interview
To start it would be a mistake to build a long term relationship with a prop. That's an immediate reason for treating propfirms differently. I don't expect to be with them for 10 years or such.

Second, I would never treat 20K in my own account the same way I treat 20K of a prop firm DD. For the simple fact that 20K in my account cost 20K. And 20K in prop firm may cost as little as 1K, 2K, 3K or whatever the failed challenges I may have to get there.
  • #23,900
  • Oct 9, 2023 7:45am Oct 9, 2023 7:45am
Interesting to watch I find...
Inserted Video
194 traders viewing now