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  • #30,201
  • Feb 12, 2024 12:31pm Feb 12, 2024 12:31pm
Quoting Trader191
{quote} when you do 2% consistent, why you need to withdraw, because you cant do it consistent. i think you dont know what consistent mean?
I got a point from your statement.

" EVENTUALLY LOOSE."

I do not want to trade with that mind set.

why are you trading at all with that mind set ?
Intraday only.
  • #30,202
  • Feb 12, 2024 12:33pm Feb 12, 2024 12:33pm
Quoting Nsak3y
{quote}-Nobody foresees the losses, else they would never lose. But if you do not have a plan for when you lose, then you may struggle as a trader. Learning how to win is the easy part. Not saying these things to discourage you; actually the opposite.

he has to less experience to understand your words, you can hear in any sentence. he was only prop (thats the big disadvantage of props, it will fuck with your brain), so dont know real trading, now has 1 month real market experience. lets talk with him in 2 years when he know a little about risk behavior and not believe in god and visualization only good. you are of course right about prepare for any situations, good and bad and even worst of any kind. we all started like him.
  • #30,203
  • Feb 12, 2024 12:33pm Feb 12, 2024 12:33pm
Quoting Nsak3y
{quote}-Nobody foresees the losses, else they would never lose. But if you do not have a plan for when you lose, then you may struggle as a trader. Learning how to win is the easy part. Not saying these things to discourage you; actually the opposite.
Let me tell you..there were days, i booked losses.

But on an average...it has to work well.

If not trading is not suited to you.

For some people, 1 % average ROI is good enough.

For me, 2 % ROI is fair enough.
Intraday only.
  • #30,204
  • Feb 12, 2024 12:34pm Feb 12, 2024 12:34pm
Quoting Trader191
{quote} he has to less experience to understand your words, you can hear in any sentence. he was only prop (thats the big disadvantage of props, it will fuck with your brain), so dont know real trading, now has 1 month real market experience. lets talk with him in 2 years when he know a little about risk behavior and not believe in god and visualization only good. you are of course right about prepare for any situations, good and bad and even worst of any kind. we all started like him.
I will discuss with you by end of june.
Intraday only.
  • #30,205
  • Feb 12, 2024 12:35pm Feb 12, 2024 12:35pm
Quoting navk
{quote} I got a point from your statement. " EVENTUALLY LOOSE." I do not want to trade with that mind set. why are you trading at all with that mind set ?
i have thousands of losing trades any year, and? what does it matter? i am a profitable loser, maybe one of biggest loser and winner same time you ever met .

your mindset will hit you hard some day.
sounds really like you have low displayed drawdown because you use metatrader and metatrader dont display any drawdown until you close trade, so total useless metatader for drawdown calculation'. good for all fakers and scammers (thats why they use it often because of this problems ).

your real drawdown could be crazy high... and still is zero displayed.
  • #30,206
  • Feb 12, 2024 12:38pm Feb 12, 2024 12:38pm
Quoting Trader191
{quote} i have thousands of losing trades any year, and? what does it matter? i am a profitable loser, maybe one of biggest loser and winner same time you ever met . your mindset will hit you hard some day.
I know one big looser from Dubai/UAE.

He lost 5,000,000 INR in 1 year. ( Equivalent 600k usd )

He collected money from poor and lost.

He lost money, his wife, his family..everything.

I dunno if he reurned the money to his Investors.
Intraday only.
  • #30,207
  • Feb 12, 2024 12:41pm Feb 12, 2024 12:41pm
Quoting navk
{quote} I know one big looser from Dubai/UAE. He lost 5,000,000 INR in 1 year. ( Equivalent 600k usd ) He collected money from poor and lost. He lost money, his wife, his family..everything. I dunno if he reurned the money to his Investors.
ok, then i lose more then him any year in trades

scammers and liars and fraud you find in many places, 99% is fraud, liar and scam in forex, 99,99% in crypto, always remember this.
  • #30,208
  • Feb 12, 2024 12:44pm Feb 12, 2024 12:44pm
Quoting GusParker
{quote} Nice going, but would that be 0.5% of the alleged account size (200K), or 0.5% of the actual account size in terms of what you are allowed to lose? I suspect the former, which means you are actually risking 5% per trade, just so you are clear on that.
Hello GusParker;

I trust you are well.

Please receive confirmation that the point you're articulating is one which Trader PipMaster77 has been trying in earnest to reiterate so many times, I have actually lost count over the years!

Trader Nsak3y & I have also stated the actual account size of these accounts is actually the permissible drawdown.

it is perhaps overly idealistic to expect there will be consistency with how these values are expressed on the forum. The retail props thrive on the fictional value being used as a basis for dialogue since it will serve their purpose of over-leveraging & invariably blowing up either the evaluation and/or funded account.

When the percentage risk is expressed against the "Equity" of $100K , $200K or whatever other bizarre amount, seeing as some of the props are willing to supply accounts of $500k for good measure, it completely distorts the actually risk per trade which is being assumed. This in effect also clouds the risk of ruin.

It is fine if the trader concerned is happy with that risk percentile and basically betting the house on single orders such as 20,30 or whatever other position size for gains of just 10 or 20 PIPS but the problem with this is newbies reading those posts have a totally convoluted idea of position sizing.

Veteran Traders know the outcome of such trading habits & steer well clear from over-leveraging but newbies don't & will emulate that behavior as they star-gaze at unsustainable trading practices & expressions of outsized profits which they induce into their minds is something they should also pursue. It also reduces their propensity to develop & sharpen a definitive edge where they can pull the trigger on a trade and be at ease that their Edge will yield a consistent gain of at least 50-80 PIPS IntradDay or 150-200 PIPS Swing.

Most of us remember all too well our early days in trading at Stage 1 cycle of a Trader where we bet the house of every trade & feel like we can walk on water.

Thereafter withdrawing Thousands of profit & asking ourselves why everyone on earth doesn't do this function as opposed to working. That is, off course, until the Market deals decisively with us & those gains are rendered merely a morphine-drip which then destroy most, if not all aspiring traders.

Longevity in Trading, in my view, and perhaps with many others, I know for a FACT resonates with PipMaster77, is being firmly convicted with One's Edge, which permits a Trader to put on the Trade secure in the knowledge that whether it is stopped out or hits TP, means nothing in the greater scheme of things.

Only through that conviction, is a Trader able to pull the tigger on a trade & walk away with a completely uncaring mindset as to whether the Position Hits SL or TP.

Having read your post, you're certainly aware that with a optimized RRR, even a 65%-70% Hit:Miss Ratio places a Trader is a very mentally domineering & peaceful state. It will be a worthwhile endeavor for all new/aspiring full time traders to dig deep within themselves to draw out that Trader from themselves as opposed to Bang & Burn.

If the trader is overly anxious when putting on a trade, it is not our opinion but fact that he has no Edge and his Position Sizing is unsettling his physiology, both of which is unsustainable over a medium to long term.

In conclusion I wish to reiterate the point I made last week on this thread that if more Traders utilize the retail prop platform with much more frugal & sustainable trading habits it will be a true litmus test for these companies.

They won't have a leg to stand on to disqualify any payout & the numbers extrapolated from the trading history will serve to confirm risk management was handled right out the top drawer.

That will surely ensure all the fly by night ones who thrive on panacea of bizarre profits marketing are effectively & organically purged from the system, leaving behind those who have a sustainable business model with adequate depth of market to ensure a synergy between the Trader & the company.

Perhaps it's an overly lofty Vision on my part but I believe in Possibility.

Wishing You & Everyone on the thread a pleasant day ahead & May The Markets Go With You.

Des
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #30,209
  • Feb 12, 2024 12:46pm Feb 12, 2024 12:46pm
Quoting Trader191
{quote} ok, then i lose more then him any year in trades scammers and liars and fraud you find in many places, 99% is fraud, liar and scam in forex, 99,99% in crypto, always remember this.
But, sure, we shall discuss by end of june 2024.


If you are looser, big time looser, why you still in trading ?

I advised thro some one, that big looser of 600k to leave alone trading and get back his family.

Big time loosers never get back to this business. Should not do trading.

what for ??

To loose again or to recover 600k usd ?
Intraday only.
  • #30,210
  • Feb 12, 2024 12:48pm Feb 12, 2024 12:48pm
ALright guys update time...
Received today ALpha 200k funded as well..
1. Weird Day first gold longs smoked me and went -3% on both alpha and myflash
2. Then gold came to rescue and recovered all losses alpha up .5% and myflash at breakeven
Attached Image(s) (click to enlarge)
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Extreme gut feeling trader
  • #30,211
  • Feb 12, 2024 12:54pm Feb 12, 2024 12:54pm
Quoting navk
{quote} But, sure, we shall discuss by end of june 2024. If you are looser, big time looser, why you still in trading ? I advised thro some one, that big looser of 600k to leave alone trading and get back his family. Big time loosers never get back to this business. Should not do trading. what for ?? To loose again or to recover 600k usd ?
because my wins are many times my losses, so simple. thats what is about trading. why i should care about how many i lose or i win, i just take a look on a stable increasing equity curve with low standard deviation, so you know with good chance where you are around next day.
  • #30,212
  • Feb 12, 2024 12:58pm Feb 12, 2024 12:58pm
Quoting Trader191
{quote} 25 years, but around 20 in forex. 30-200% a year with 2 -4% drawdown. enough. 0 challenges, but 0 from 0 done . any win in challenge would be big lose overall for me because of opportunity costs. around 10% in 2024. nothing like your big numbers, and i am just an average Joe. but in consistent and stable maybe someone different. so i can let money in account and grow. will not make a difference in one month but over 20 years.....
The big question... why are you here everyday in this thread? Are you here just to be a troll?
  • #30,213
  • Feb 12, 2024 1:01pm Feb 12, 2024 1:01pm
Quoting CableJ
{quote} The big question... why are you here everyday in this thread? Are you here just to be a troll?
tell me exactly what text from me looks like a troll?

because trading is a waiting game (you will learn some day what i mean by this and will not ask this question so again to someone), and i was a starter like many of you long time ago too. and i was listen to educated traders in this time to increase faster and know what will come in next steps.
  • #30,214
  • Feb 12, 2024 1:06pm Feb 12, 2024 1:06pm
Guys, could you please open a new FF thread to discuss your trading strategies and money management there ?

Unless the profitability is relevant for the props users (example: people getting big payouts, know the % they made, risk per trade, position size, problems of payout denials, etc. ), I have no interest if people make (or think they can make) 0.5, 1, 2, 5 or 10% per month, per day or per hour.

It's a bit annoying to come here and get 2 pages of unrelated conversations.
  • #30,215
  • Feb 12, 2024 1:07pm Feb 12, 2024 1:07pm
Quoting Trader191
{quote} tell me exactly what text from me looks like a troll? because trading is a waiting game (you will learn some day what i mean by this and will not ask this question so again to someone), and i was a starter like many of you long time ago too. and i was listen to educated traders in this time to increase faster and know what will come in next steps.
Why are you in a prop firm/funding company thread with clearly zero interest and admitted zero personal experience using funding companies.... it's weird behavior.
  • #30,216
  • Feb 12, 2024 1:10pm Feb 12, 2024 1:10pm
Quoting pipmaster77
Now the big issue with the firms who ceased accepting NEW clients from US, but others may continue..... When going from pahse 1 to phase 2, new credentials are issued......same from phase 2 to live. Some firms (most) issue new credentials when you scale. There is conflicting info due to these technically being new accounts, a trader will be stopped at end of current phase. So if you are in phase 1 or 2 with a firm which recently banned new USA clients, it may be pointless to continue.....
Very good questions. I had not thought about that. Would they even issue new credentials even when someone passes phase 1 and phase 2 ?

For the scaling I'm more optimistic because the only prop where I found automatic scaling was 5ers. All the rest seem manually (per request) and if I were American I would not request it, even if I was entitled to it.
  • #30,217
  • Feb 12, 2024 1:16pm Feb 12, 2024 1:16pm
Quoting CableJ
{quote} Why are you in a prop firm/funding company thread with clearly zero interest and admitted zero personal experience using funding companies.... it's weird behavior.
because here are the most beginners, logic or?
you ask question you can answer yourself in general if you would be a trader or want help others.

and same time i read here about how the prop market going without have to inform about.
of course there are more interesting and important topics, like the new 2024 CME futures and interbank market attempt to put in one place (how many times they tried already ), but this topics i discuss in general directly with interbank traders who are not in such forums, because they are more influenced with the consequences.

what topics you want allow me to discuss only? can you at least tell me what was so wrong what i wrote to help about some facts? maybe i did wrote some mistakes inside, that you can show me and i learn something too.
  • #30,218
  • Feb 12, 2024 2:01pm Feb 12, 2024 2:01pm
There are a lot of rumors from the brokerage side right now. Nothing solid yet so bares not repeating. Just saying this in the hopes that people proceed with caution.
  • #30,219
  • Feb 12, 2024 2:09pm Feb 12, 2024 2:09pm
Gentlemen, I propose a new chat or thread, Prop Firm Hub has 30219 posts, IT IS ALMOST IMPOSSIBLE TO FOLLOW THE THREAD, prop firms has evolved, this year there will be many changes, it is good to start a new thread something like PROP FIRM HUB 2024, the most active can start it Not me because I have been here since 2012 but I am not fluent in English, but I am sure that the thread is boring, for this reason there are times we miss very interesting posts, such as traps and tricks of the Prop firms, we have to be more alert as we have many cheating prop firms, a new thread that people can read from the beginning, especially for new participants, the new thread can be started again by the founder who has charisma that likes to participate and write or also, what do you think?
MASTERRMIND
PINMASTER77
Be happy, friendly, humble and winner!!
  • #30,220
  • Feb 12, 2024 2:18pm Feb 12, 2024 2:18pm
Quoting Takisd
There are a lot of rumors from the brokerage side right now. Nothing solid yet so bares not repeating. Just saying this in the hopes that people proceed with caution.
Hello Takisd;

I trust you're well.

I wish to record my sincere Gratitude & Appreciation for the time & effort you took to highlight your precautionary message. You can be certain that I for one, will take cognizance of the advice, you selflessly shared with the forum & "pull the hand-brake" (SA Colloquial language to suspend an activity with extreme prejudice) on new evaluation purchases until you have any further information which comes to light.

Wishing you a pleasant day ahead & May The Markets Go With You.
Des
My success is due to The Great Napoleon Hill. May His Name Live Forever
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