Prop Firm Hub | Page 2095 | 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

  • #41,881
  • Sep 9, 2024 4:17pm Sep 9, 2024 4:17pm
I think these inner characteristics as picture shown below is the best one I found about trading success. Let me know your opinions.
Attached Image (click to enlarge)
Click to Enlarge Name: Character.jpg Size: 149 KB
  • #41,882
  • Sep 9, 2024 4:38pm Sep 9, 2024 4:38pm
One more thing I like to say in that context. I think the most important is not intelligence in trading.

1.) Taste. If you are not a material person and has a strong desire to have more money, than trading is not the right profession.

2.) Character. It is more important how you have seen in the picture above in the previous post from me. That Passion ( you need to really want it) together with strong desire to achieve something and focus on trading, like the time spent here with big intensity is very important.

3.) Intelligence. The least important thing in that ranking. You need kind of logical and numberphile person. Or a graphical person if you just trade Price Action on charts. Just to name a few example areas in the big intelligence brain (of us humans).


(4. Money. I just add this here with some gap. Cause this comes or grows over time naturally. But you need to have free capital, from which you do not need to pay bills (as you need time to learn to be consistent profitable). Debt free money only reserved for trading.
  • #41,883
  • Sep 9, 2024 4:50pm Sep 9, 2024 4:50pm
Quoting TrAndy1
One more thing I like to say in that context. I think the most important is not intelligence in trading. 1.) Taste. If you are not a material person and has a strong desire to have more money, than trading is not the right profession. 2.) Character. It is more important how you have seen in the picture above in the previous post from me. That Passion ( you need to really want it) together with strong desire to achieve something and focus on trading, like the time spent here with big intensity is very important. 3.) Intelligence. The least important...
is it so difficult for you to stay on topic ?? Just start a new thread to discuss that stuff …
  • #41,884
  • Sep 9, 2024 5:00pm Sep 9, 2024 5:00pm
Quoting Stoneyrocks
{quote} is it so difficult for you to stay on topic ?? Just start a new thread to discuss that stuff …
You are not open minded. How is being a profitable trader at a prop firm, or how to find out any profitable in view of the prop firm for any A-booking reasons is not related to Prop Firms ? It is not that, that any 100% Ponzi game and doing just b-booking and saying or thinking that any trader is just a gambler or not a profitable trader, the begin of the ruin of any prop firm ??? Really not VERY IMPORTANT ? Anyone must be foolish NOT answering that question as it could be the next important step to the whole prop industry!
  • #41,885
  • Sep 9, 2024 5:07pm Sep 9, 2024 5:07pm
The next logical question to that above is, how any prop firm can find out that all just with some trades of the prop trader ?
Wanna hear your answers. I have some answers to that, but if anyone is interested in that discussion, I also would like to know.
It is really important to differentiate as a prop firm, who is a profitable trader (very likely) and will have payouts and who is not.
I wanna also invite Takisd and other members here who have something to contribute to that topic. Let us do the math for any prop firm, how they can have a sustainable business model, allowing us to milk them to infinity, without the recent seen high failure rate.
  • #41,886
  • Sep 9, 2024 5:15pm Sep 9, 2024 5:15pm
In other words, what kind of trading statistics you need to have to show you to a prop firm, that you are profitable as trader ?
Despite from answering a questionnaire or doing an interview, which also must be trusted from the prop firm side about told truth.
The trades are very objective and can say a lot about you as trader. So here is the question for the math we need to do to solve it.
  • #41,887
  • Sep 9, 2024 5:22pm Sep 9, 2024 5:22pm
Quoting TrAndy1
{quote} You are not open minded. How is being a profitable trader at a prop firm, or how to find out any profitable in view of the prop firm for any A-booking reasons is not related to Prop Firms ? It is not that, that any 100% Ponzi game and doing just b-booking and saying or thinking that any trader is just a gambler or not a profitable trader, the begin of the ruin of any prop firm ??? Really not VERY IMPORTANT ? Anyone must be foolish NOT answering that question as it could be the next important step to the whole prop industry!
Do you think prop firm will copy trades? How about calculating challenge fees minus payouts?
Trader 1 => Two 100K accounts, 1st account blow up and 2nd account made 10% profit. Traders profit = 8K with profit split.
Trader 2 => Break even 2.5% up in first week than down same amount on both account with 1% risk per trade. So in the end breakeven.

Trader 2 is better trader and risk managed because he used fibo 2.3233333 with 99.87798 retracements coupled with Fair voodo gap and you name any shit you apply. Does he made money in prop firm? ANSWER IS BIG NO.
Whom they will copy? Why do you care if they A-Book or B-Book or C-Book? Do you know how long a prop firm will last?
Prop firm are vending machines. Just put your coin if you have guts and take your container out. They are one-night stand not marriage material.
  • #41,888
  • Sep 9, 2024 6:04pm Sep 9, 2024 6:04pm
Quoting TrAndy1
I think these inner characteristics as picture shown below is the best one I found about trading success. Let me know your opinions. {image}
This isn't a Tony Robbins inspirational trading thread. It's a thread to discuss prop firms.

Stop spamming this thread with irrelevant nonsense.
Pride always comes before destruction.... -Proverbs 16:18
  • #41,889
  • Edited 7:18pm Sep 9, 2024 7:07pm | Edited 7:18pm
Quoting sampat
{quote} Do you think prop firm will copy trades? How about calculating challenge fees minus payouts? Trader 1 => Two 100K accounts, 1st account blow up and 2nd account made 10% profit. Traders profit = 8K with profit split. Trader 2 => Break even 2.5% up in first week than down same amount on both account with 1% risk per trade. So in the end breakeven. Trader 2 is better trader and risk managed because he used fibo 2.3233333 with 99.87798 retracements coupled with Fair voodo gap and you name any shit you apply. Does he made money in prop firm?...
I have seen and met with success, trading 5 to 6 lots in mt4 .100 k acc

At right place in just 5min /15 min in trend / non trend / counter trade trend.

Only for a profit of 1k for each basket.

Only in GU
Intraday only.
  • #41,890
  • Sep 9, 2024 7:29pm Sep 9, 2024 7:29pm
Quoting Stoneyrocks
@MontyDiamond Which 1 you like more Apex or MyfundedF ?
If we compare the 150K evaluation account with their current promotion -
Apex - $50 plus lifetime activation fee $85 is $135.
MFFX - $132 with no activation fee


I, yet to have MFFU account but I have 2 MFFX accounts and they pay promptly.

Apex payout is the most dreadful, it takes almost a month.
MFFU payout is 24hrs verified by Monty.
btw passed a $150K account with Apex yesterday

Attached Image (click to enlarge)
Click to Enlarge Name: n0eARu6.png Size: 20 KB
  • #41,891
  • Edited 8:11pm Sep 9, 2024 7:41pm | Edited 8:11pm
Quoting TrAndy1
In other words, what kind of trading statistics you need to have to show you to a prop firm, that you are profitable as trader ? Despite from answering a questionnaire or doing an interview, which also must be trusted from the prop firm side about told truth. The trades are very objective and can say a lot about you as trader. So here is the question for the math we need to do to solve it.
Current statistics can be recorded by FF TE, and long-term statistics can be tracked through myfxbook or DZero. Why is it difficult? Has anything more robust emerged in the last 15 years? But this is "real trading", not for prop firms.

Quoting failinforex
{quote} If we compare the 150K evaluation account with their current promotion - Apex - $50 plus lifetime activation fee $85 is $135. MFFX - $132 with no activation fee I, yet to have MFFU account but I have 2 MFFX accounts and they pay promptly. Apex payout is the most dreadful, it takes almost a month. MFFU payout is 24hrs verified by Monty. btw passed a $150K account with Apex yesterday {image}
This is for Forex or Future?
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,892
  • Sep 9, 2024 10:31pm Sep 9, 2024 10:31pm
Quoting RoelsMajor
{quote} This is for Forex or Future?
Future
  • #41,893
  • Sep 10, 2024 12:49am Sep 10, 2024 12:49am
It's very annoying coming here and having to go through posts about trading in general, psychology, etc.

If the excuse is "it's important for a prop trader" then we could end up with the entire forum FF in this topic because almost everything that is discussed in FF is (or maybe) important for a prop trader.
  • #41,894
  • Sep 10, 2024 1:24am Sep 10, 2024 1:24am
So I just lost 90 min of my life reading the last several days of this thread... what a train wreck.
  • #41,895
  • Edited 3:19am Sep 10, 2024 1:44am | Edited 3:19am
Quoting Stoneyrocks
@MontyDiamond Which 1 you like more Apex or MyfundedF ?
Both are awesome right now i am only working on mfffutures... Cheap and faster payouts... Need money to buy apex evals......

Lost 150k3 with 1200$ drawdown yestrday.. So purchased 50kx3 evals.... trying to slowly pass them without yolo'ing
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 29 KB
Extreme gut feeling trader
  • #41,896
  • Sep 10, 2024 1:48am Sep 10, 2024 1:48am
Quoting failinforex
{quote} If we compare the 150K evaluation account with their current promotion - Apex - $50 plus lifetime activation fee $85 is $135. MFFX - $132 with no activation fee I, yet to have MFFU account but I have 2 MFFX accounts and they pay promptly. Apex payout is the most dreadful, it takes almost a month. MFFU payout is 24hrs verified by Monty. btw passed a $150K account with Apex yesterday {image}
Only best part of Apex is BIGGER WITHDRAWALS and 20 accounts......
MFFutures - 150k is around 209$ with 5% discount on starter plan
Extreme gut feeling trader
  • #41,897
  • Sep 10, 2024 2:55am Sep 10, 2024 2:55am
I almost forgot that Sean is paying me good money to promote Blue here, so please informed that I received another Blue payout. As in most of the previous ones, it was fast (21 hours). Low 4 figures and through crypto.

Btw, now in blue they only pay direct crypto up to 2000. If more than that it has to be with Rise.
And 2000 is gross profit, so x85% payout = 1700 net.
  • #41,898
  • Sep 10, 2024 5:36am Sep 10, 2024 5:36am
Quoting montygoldy
{quote} Both are awesome right now i am only working on mfffutures... Cheap and faster payouts... Need money to buy apex evals...... Lost 150k3 with 1200$ drawdown yestrday.. So purchased 50kx3 evals.... trying to slowly pass them without yolo'ing {image}
Secured Funding

Goal for this month to get 1200$x3 out of these accounts.... Will be aiming 400-600 a day
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 89 KB
Extreme gut feeling trader
  • #41,899
  • Sep 10, 2024 6:51am Sep 10, 2024 6:51am
Quoting Capablanca
I almost forgot that Sean is paying me good money to promote Blue here, so please informed that I received another Blue payout. As in most of the previous ones, it was fast (21 hours). Low 4 figures and through crypto. Btw, now in blue they only pay direct crypto up to 2000. If more than that it has to be with Rise. And 2000 is gross profit, so x85% payout = 1700 net.
if you just let us know how much % commission you get for each sale then we can live with your honesty…
  • #41,900
  • Edited 7:10am Sep 10, 2024 6:57am | Edited 7:10am
Quoting Stoneyrocks
@CableJ any update on traffic stats ?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 147 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Capture1.JPG Size: 98 KB
The above may be why all of the sudden Apex plans to role out rule changes soon. Their hyper growth period appears to be over.
56 traders viewing now