Prop Firm Hub | Page 2029 | 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

  • #40,561
  • Aug 11, 2024 6:25pm Aug 11, 2024 6:25pm
Quoting montygoldy
{quote} Nope 30% of 20k profits will be i guess 6k+++ so i am well under that rule........
noted, look like the math is much simpler than Darwin
  • #40,562
  • Aug 11, 2024 6:31pm Aug 11, 2024 6:31pm
Quoting pipmaster77
{quote} I can't state this enough.......if you are a reasonable trader, using reasonable leverage, do not allow losses to run away from you and you are profitable (even minimal) .......you should do fantastic with Darwinex.
I can't state this enough.......if you are a reasonable trader, using reasonable leverage, do not allow losses to run away from you and you are profitable (even minimal) .......you should do fantastic with any firm prop or not. Hence, after the mind-blowing discussion of the sophisticated machinery used by Darwin and the misery of a peanut payout........you should draw your own decision.
  • #40,563
  • Aug 11, 2024 6:47pm Aug 11, 2024 6:47pm
Quoting failinforex
{quote} I can't state this enough.......if you are a reasonable trader, using reasonable leverage, do not allow losses to run away from you and you are profitable (even minimal) .......you should do fantastic with any firm prop or not. Hence, after the mind-blowing discussion of the sophisticated machinery used by Darwin and the misery of a peanut payout........you should draw your own decision.
Absolutely. I have my personal account, PAs with Apex, picking up 5 at TakeProfit to start trading tomorrow. Made money with all of the forex props until they were shut down or went out of business.
I am simply stating that all of the negativity around Darwinex is unfounded......it is not the same as the casino, 80% payout, no real funds that we are speaking of. No news rules, no consistecncy bullshit, no trailing DD or any DD rule whatsoever, no need to take $2,500 in DD and try to make 3K in under 30 days.......just trade normally....if you are a YOLO gambler, it's not for you, if you NEED money tomorrow....it's not for you. Just as flipping an account in one trade is not for everyone.
  • #40,564
  • Aug 11, 2024 6:56pm Aug 11, 2024 6:56pm
Quoting montygoldy
{quote} Nope 30% of 20k profits will be i guess 6k+++ so i am well under that rule........ PLus i think they flag inconsistent sizing (like using max 17 contracts then suddenly using 2-3 mini's or micro's that kinda inconsistency) what i heard.... My sizing is same 3 contracts which was on NQ>..... Took the secure trade of DOW on other accounts with 3 mini's and a big riskier one for bigger rewards on oldest account with same 3 mini's.
Profits are calculated from the day of last withdrawal irrespective of earlier balance.
  • #40,565
  • Aug 11, 2024 6:56pm Aug 11, 2024 6:56pm
Quoting pipmaster77
{quote} Absolutely. I have my personal account, PAs with Apex, picking up 5 at TakeProfit to start trading tomorrow. Made money with all of the forex props until they were shut down or went out of business. I am simply stating that all of the negativity around Darwinex is unfounded......it is not the same as the casino, 80% payout, no real funds that we are speaking of. No news rules, no consistecncy bullshit, no trailing DD or any DD rule whatsoever, no need to take $2,500 in DD and try to make 3K in under 30 days.......just trade normally....if...
Why not picking topstep before takeprofittrader????? cheaper evals than them.....
Extreme gut feeling trader
  • #40,566
  • Aug 11, 2024 6:58pm Aug 11, 2024 6:58pm
Quoting sampat
{quote} Profits are calculated from the day of last withdrawal irrespective of earlier balance.
aah is that the case.... So the date i applied for withdrawal or the date they got approved meaning deducted from the account??
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-08-11 at 8.04.17 PM.png Size: 67 KB
Extreme gut feeling trader
  • #40,567
  • Aug 11, 2024 7:06pm Aug 11, 2024 7:06pm
Quoting montygoldy
{quote} Why not picking topstep before takeprofittrader????? cheaper evals than them.....
I like the daily payout and the NO MAX withdrawal. Topstep need $200 per day for 5 days and then payout is only 50%. Cost is close, 50K is $85+$130= $215 with TPT, Topstep is $49+$149, so $198, only $17 more all-in.
If I didn't already have APEX, would have went TPT before them as well.....I hate the withdrawal "window" and then while pending can lose the profits, etc. The DCA really doesn't sit well with me either, if I trade 1 micro and wish to add 4 more say at 25 point increments....I can't....too risky, but if someone just goes in with 3 minis with no stop loss that's OK.......I suppose I'm just getting tired of the trying to dispose of profitable traders that all of these bullshit firms are guilty of.
  • #40,568
  • Aug 11, 2024 7:07pm Aug 11, 2024 7:07pm
Quoting pipmaster77
{quote} I like the daily payout and the NO MAX withdrawal. Topstep need $200 per day for 5 days and then payout is only 50%. Cost is close, 50K is $85+$130= $215 with TPT, Topstep is $49+$149, so $198, only $17 more all-in.
Also also some minor downsides trailing drawdown and 80% profits.......
Extreme gut feeling trader
  • #40,569
  • Aug 11, 2024 7:15pm Aug 11, 2024 7:15pm
Quoting montygoldy
{quote} aah is that the case.... So the date i applied for withdrawal or the date they got approved meaning deducted from the account?? {image}
It is from the day you make request. Irrespective of approval or amount deducted. Your case it will be exception as you have history for the account...
In short consistency resets after a payout.
  • #40,570
  • Aug 11, 2024 7:38pm Aug 11, 2024 7:38pm
Quoting pipmaster77
{quote} I like the daily payout and the NO MAX withdrawal. Topstep need $200 per day for 5 days and then payout is only 50%. Cost is close, 50K is $85+$130= $215 with TPT, Topstep is $49+$149, so $198, only $17 more all-in. If I didn't already have APEX, would have went TPT before them as well.....I hate the withdrawal "window" and then while pending can lose the profits, etc. The DCA really doesn't sit well with me either, if I trade 1 micro and wish to add 4 more say at 25 point increments....I can't....too risky, but if someone just goes in with...
Won’t be an issue for you, but DLL violation will terminate account with Take Profit Trader. Not so with Topstep
A snails pace wins the race :-)
  • #40,571
  • Edited 8:06pm Aug 11, 2024 7:51pm | Edited 8:06pm
Quoting Capablanca
{quote} How does Darwin distinguish two individuals that make both, for example, 20 trades and one has something like 3% profit with 3% DD, while the other has 10% profit and 10% DD. Both cases are like "coin flips" but one loses much less in %. How does the model values this compared with the riskier (but better performance) one ?
Sorry I just don't have the energy anymore and honestly not sure what you're asking but the engine isn't making decisions based on profit/drawdown.

At the end of the day if you're risking $200-300 per trade you'll never have to think about or worry about the big bad complex risk engine.

The answers are all there

https://help.darwinex.com/var
https://www.darwinexzero.com/docs/risk-engine
https://www.darwinexzero.com/docs/d-leverage
https://www.darwinexzero.com/docs/di...tion-and-trade
Pride always comes before destruction.... -Proverbs 16:18
  • #40,572
  • Edited 8:34pm Aug 11, 2024 8:19pm | Edited 8:34pm
Quoting failinforex
{quote} noted, look like the math is much simpler than Darwin
Exactly!

With props the math is simple. If you go into a 13K drawdown like Nvak's wife, they pocket your $500 evaluation fee or take your funded account away. Very simple. And then you can pay to play the game again. (no disrepect to Navks wife, just using that as an example)

If you do the same with Darwinex, they reduce the risk to protect investor capital and to encourage traders to be more responsible with their risk management. It doesn't matter what your track record is. If an investor knows that you could blow 30-50% of their investment at any time then no one would be willing to invest. And then the long term model would be a moot point.

Two completely diiferent models.

You're comparing apples to oranges. And it's only complex for those too lazy to do basic research

I had questions too. Turns out if I don't trade like a degenerate maniac then I don't have to worry about the risk engine.
Pride always comes before destruction.... -Proverbs 16:18
  • #40,573
  • Aug 11, 2024 8:23pm Aug 11, 2024 8:23pm
Quoting Expo33
{quote} Exactly! With props the math is simple. If you go into a 13K drawdown like Nvak's wife, they pocket your $500 evaluation fee or take your funded account away. Very simple. And then you can pay to play the game again. If you do the same with Darwinex, they reduce the risk to protect investor capital and to encourage traders to be more responsible with their risk management. It doesn't matter what your track record is. If an investor knows that you could blow 30-50% of their investment at any time then no one would be willing to invest. And...
One tip for Darwinex is Instead of focusing on P&L and getting allocation one needs to keep Risk ratio to 1 and above during calibration or first 2 months.
If a trader is able to achieve that 80% of battle is over. One can easily do that if you treat 100K account as 10K account and trade 0.1 lot at max.
ONLY FOCUS ON RISK RATIO EVERY THING ELSE WILL BE MAGIC.
  • #40,574
  • Aug 11, 2024 8:30pm Aug 11, 2024 8:30pm
Another tidbit.

If you're scalping, intraday, or swing trading you can see on your personal Darwin page exactly where your D leverage is at in real time. Doesn't seem very complicated. Open trade, look at D leverage, make big boy decisions.
Attached Image (click to enlarge)
Click to Enlarge Name: dlev.png Size: 23 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #40,575
  • Aug 11, 2024 8:42pm Aug 11, 2024 8:42pm
Quoting sampat
{quote} One tip for Darwinex is Instead of focusing on P&L and getting allocation one needs to keep Risk ratio to 1 and above during calibration or first 2 months. If a trader is able to achieve that 80% of battle is over. One can easily do that if you treat 100K account as 10K account and trade 0.1 lot at max. ONLY FOCUS ON RISK RATIO EVERY THING ELSE WILL BE MAGIC.
You mean on a 100 k account, max draw down should not go above 1 % ( or 1 k )
Intraday only.
  • #40,576
  • Aug 11, 2024 8:50pm Aug 11, 2024 8:50pm
Quoting navk
{quote} You mean on a 100 k account, max draw down should not go above 1 % ( or 1 k )
No I mean max lot size should be according to 10K account irrespective of drawdown. If one trades with 0.1 lot it is pretty damn hard to loose 1K even if you want to,...
  • #40,577
  • Aug 11, 2024 8:53pm Aug 11, 2024 8:53pm
Quoting pipmaster77
{quote} I like the daily payout and the NO MAX withdrawal. Topstep need $200 per day for 5 days and then payout is only 50%. Cost is close, 50K is $85+$130= $215 with TPT, Topstep is $49+$149, so $198, only $17 more all-in. If I didn't already have APEX, would have went TPT before them as well.....I hate the withdrawal "window" and then while pending can lose the profits, etc. The DCA really doesn't sit well with me either, if I trade 1 micro and wish to add 4 more say at 25 point increments....I can't....too risky, but if someone just goes in with...
Another issue with TOPSTEP
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 61 KB
  • #40,578
  • Aug 11, 2024 8:55pm Aug 11, 2024 8:55pm
Quoting Expo33
{quote} Sorry I just don't have the energy anymore and honestly not sure what you're asking but the engine isn't making decisions based on profit/drawdown. At the end of the day if you're risking $200-300 per trade you'll never have to think about or worry about the big bad complex risk engine. The answers are all there https://help.darwinex.com/var https://www.darwinexzero.com/docs/risk-engine https://www.darwinexzero.com/docs/d-leverage https://www.darwinexzero.com/docs/di...tion-and-trade...
Exactly. As most are aware, I am trading futures with Darwinex, so the signal account is one million, so it's 2,000-3,000 per trade. This is not nearly as difficult as some are making it out to be. Make 1-2% per month and it covers your monthly fee while you build the track record. At that point, if you continue to earn 1-2% and keep total profits 2.5x MAX dd and you should receive some significant investments. You've lost no money and if you're just pushing one more button then you currently do, one cannot truly argue the "time" issue.
No, this clearly cannot be your only stream of income in the first 1-2 years.
  • #40,579
  • Aug 11, 2024 8:58pm Aug 11, 2024 8:58pm
Quoting sampat
{quote} One tip for Darwinex is Instead of focusing on P&L and getting allocation one needs to keep Risk ratio to 1 and above during calibration or first 2 months. If a trader is able to achieve that 80% of battle is over. One can easily do that if you treat 100K account as 10K account and trade 0.1 lot at max. ONLY FOCUS ON RISK RATIO EVERY THING ELSE WILL BE MAGIC.
Yes, don't worry about the return. The larger the funding, the less the return needs to be. Focus on what will attract the investments.
  • #40,580
  • Aug 11, 2024 9:00pm Aug 11, 2024 9:00pm
Quoting sampat
{quote} Another issue with TOPSTEP {image}
Yes, no scaling with TPT.......I hate scaling. I think Apex and TPT will suffice for me. Only wish is for apex to improve their payout process. It's not the waiting for the $$$$, it's the waiting for approval.
92 traders viewing now, 1 is registered:
ckart