Prop Firm Hub | Page 2140 | 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

  • #42,781
  • Oct 1, 2024 11:13am Oct 1, 2024 11:13am
Quoting AlessandroGG
{quote} The only problem is that if they implement, let's say, a limit of 10% a day, gamblers would make around 9% and still don't brake any rules. Then eventually props will reduce this % to a level where also swing traders will be affected. It's a sophisticated but doable topic.
That's not the consistency rule.

The consistency rule is something like: you can't get more than X% of the total profit in a single day.

Ex: total profit 10.000. No day could have been more than 2K.

In your example, a 100K account, 9% = 9000 in a single day.
Then they would have to make at least 45.000 to withdraw that money.
It demands gamblers to be lucky a lot of times, which is more prone to lose accounts. It doesn't eliminate them, but reduces a bit.
  • #42,782
  • Oct 1, 2024 11:21am Oct 1, 2024 11:21am
Quoting Capablanca
{quote} Keep us posted please. This is the one thing they had working very well.
I got the credentials in about 5 hours but never got an email with the actual credentials. I just kept checking the platform until I saw an active account.

Passed in a few trades and now I guess I'll wait and see if I get an email regarding PA payment. Otherwise, I'll just keep checking the dashboard to see if that option is available.
Attached Image (click to enlarge)
Click to Enlarge Name: apex.png Size: 39 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #42,783
  • Edited 12:55pm Oct 1, 2024 11:27am | Edited 12:55pm
Got my 2nd 30K allocation this morning from DZero. Rating dropped from 75.06 to 71.71 so I only need to earn 0.88% for October to get a 3rd allocation. Risk engine sitting at 0.37

Will be nice to get that first quarterly payment just so they can take my monthly subscription out of that. In the meantime, such a stess free endeavor. Just trade whatever, whenever, and however I want.
Attached Image (click to enlarge)
Click to Enlarge Name: dar.png Size: 22 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #42,784
  • Oct 1, 2024 11:28am Oct 1, 2024 11:28am
Quoting Capablanca
{quote} That's not the consistency rule. The consistency rule is something like: you can't get more than X% of the total profit in a single day. Ex: total profit 10.000. No day could have been more than 2K. In your example, a 100K account, 9% = 9000 in a single day. Then they would have to make at least 45.000 to withdraw that money. It demands gamblers to be lucky a lot of times, which is more prone to lose accounts. It doesn't eliminate them, but reduces a bit.
Yeah, I know how the consistency rule works. I was trying to think outside the box about how a firm can limit gamblers. Anyway, I think a consistency rule is very much needed if someone wants to play the serious game and avoid trouble. Something similar to Lux, but a bit "softer".
  • #42,785
  • Oct 1, 2024 11:59am Oct 1, 2024 11:59am
Quoting AlessandroGG
{quote} Yeah, I know how the consistency rule works. I was trying to think outside the box about how a firm can limit gamblers. Anyway, I think a consistency rule is very much needed if someone wants to play the serious game and avoid trouble. Something similar to Lux, but a bit "softer".
Yep, it has to be simple. You can't trade in Lux without being constantly checking your calculations. And mistakes happen, which in Lux are deadly.
  • #42,786
  • Oct 1, 2024 12:01pm Oct 1, 2024 12:01pm
Quoting Expo33
Got my 2nd 30K allocation this morning from DZero. Rating dropped from 75.06 to 71.71 so I only need to earn 0.88% for October to get a 3rd allocation. Risk engine sitting at 0.37 Will be nice to get that first quarterly payment just so they can tske my monthly subscriptionn out of that. In the meantime, such a stess free endeavor. Just trade whatever, whenever, and however I want. {image}
Yes it is. So far it is exactly as described, the further your track record moves along the higher the allocations. As I posted above, according to the calculator, 3% gets me the silver grand prize of 375K this month.
If it holds true, that 2-2.5% per month with low DD gets the kind of money they say, I will be flying out to Cali, taking you to the best steakhouse in your area. I will need to conceal carry though as I will be proud to where my MAGA hat in that beautiful state of yours............. and we might run into some trouble.
On second thought, I'll fly you here and we'll go to Bern's in Tampa.
  • #42,787
  • Oct 1, 2024 12:05pm Oct 1, 2024 12:05pm
I stand corrected, it was 3% ealy today. Looks like I need 4.48% now.......still doable with 23 trading days this month.

Attached Image (click to enlarge)
Click to Enlarge Name: Silver Oct.PNG Size: 19 KB
  • #42,788
  • Oct 1, 2024 12:13pm Oct 1, 2024 12:13pm
FTT reaching for the stars…

Attached Image (click to enlarge)
Click to Enlarge Name: F9EA9CEA-BB21-4240-ACD5-B77CF5BC2CA2.jpeg Size: 1,017 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 840A9F79-E507-44B2-981E-2936C5FE55F3.jpeg Size: 164 KB
  • #42,789
  • Edited 7:41pm Oct 1, 2024 12:57pm | Edited 7:41pm
Quoting pipmaster77
{quote} Yes it is. So far it is exactly as described, the further your track record moves along the higher the allocations. As I posted above, according to the calculator, 3% gets me the silver grand prize of 375K this month. If it holds true, that 2-2.5% per month with low DD gets the kind of money they say, I will be flying out to Cali, taking you to the best steakhouse in your area. I will need to conceal carry though as I will be proud to where my MAGA hat in that beautiful state of yours............. and we might run into some trouble. On second...
Thx!

Im in Nevada not Commiefornia. Unfortunately the mass exodus form Cali began a while back and now Nevada is becoming San Fran 2.0

My mother winters from NY in Port Charlotte. Usually fly into Tampa once a year to visit.
Pride always comes before destruction.... -Proverbs 16:18
  • #42,790
  • Edited 1:18pm Oct 1, 2024 1:01pm | Edited 1:18pm
Quoting Stoneyrocks
{quote} would you put E8 next to FTMO and 5ers ? From what I have seen , it deserves that ranking How big is your account ?
Hi Stoneyrocks,
Do you have any current of previous experience trading a challenge with E8?
  • #42,791
  • Oct 1, 2024 1:06pm Oct 1, 2024 1:06pm
Quoting Expo33
{quote} Thx! Im in Nevada not Commifornia. Unfortunately the mass exodus form Cali began a while back and now Nevada is becoming San Fran 2.0 My mother winters from NY in Port Charlotte. Usually fly into Tampa once a year to visit.
Oh damn, were you ever in Cali? I don't know why I had that idea. Let me know when you visit for sure, I will hold true to my offer.
  • #42,792
  • Oct 1, 2024 1:36pm Oct 1, 2024 1:36pm
Quoting pipmaster77
{quote} Oh damn, were you ever in Cali? I don't know why I had that idea. Let me know when you visit for sure, I will hold true to my offer.
Nope.

Born in West Philly in 1967, moved to NY in 1972 then moved out to Nevada for a job in 1999
Pride always comes before destruction.... -Proverbs 16:18
  • #42,793
  • Oct 1, 2024 2:06pm Oct 1, 2024 2:06pm
Nice start to October.....

Attached Image (click to enlarge)
Click to Enlarge Name: DarwinIA1001.PNG Size: 32 KB
  • #42,794
  • Oct 1, 2024 2:23pm Oct 1, 2024 2:23pm
Quoting Expo33
{quote} Nope. Born in West Philly in 1967, moved to NY in 1972 then moved out to Nevada for a job in 1999
Northeast myself, born and raised in Jersey, moved to Florida 1990.......Thank God!!!!
  • #42,795
  • Oct 1, 2024 2:25pm Oct 1, 2024 2:25pm
Quoting acetrader
{quote} Hi Stoneyrocks, Do you have any current of previous experience trading a challenge with E8?
nope, that’s why I ask about them ..
  • #42,796
  • Oct 1, 2024 2:39pm Oct 1, 2024 2:39pm
Quoting Stoneyrocks
{quote} nope, that’s why I ask about them ..
Ok thank you.
  • #42,797
  • Oct 1, 2024 2:56pm Oct 1, 2024 2:56pm
The irony of Darwinex is that if these cfd prop traders traded 2 phase the same way that Darwinex regulates there would likely be more successful traders out there.
  • #42,798
  • Oct 1, 2024 3:00pm Oct 1, 2024 3:00pm
Quoting Expo33
{quote} I got the credentials in about 5 hours but never got an email with the actual credentials. I just kept checking the platform until I saw an active account. Passed in a few trades and now I guess I'll wait and see if I get an email regarding PA payment. Otherwise, I'll just keep checking the dashboard to see if that option is available. {image}
great work.

Congrats
Intraday only.
  • #42,799
  • Oct 1, 2024 3:23pm Oct 1, 2024 3:23pm
Quoting Takisd
The irony of Darwinex is that if these cfd prop traders traded 2 phase the same way that Darwinex regulates there would likely be more successful traders out there.
Absolutely for sure. I don't mean to sound like an asshole here, but in 12-18 months, if Darwinex delivers on what they say should happen if I do my 2-2.5% per month, I would love to see the number of failed cfd challenges fom everyone who said:

1. Darwinex only pays 15%
2. I don't want to pay a subscription fee
3. The risk engine is out to get me.

I made the bold statement when I started with Darwinex, that I would guarantee in 12-18 months I would have way more funding and be making way more money than anyone taking forex prop challenges. I doubt most will even have one passed, let alone making any money.
  • #42,800
  • Oct 1, 2024 3:41pm Oct 1, 2024 3:41pm
Quoting pipmaster77
They say they are looking for 2-2.5% per month, so I will do my part and hopefully, if everything they works the way they explain, I should have $10 million AUM within 12-18 months.
Have you ever looked at how many of the DARWINs received this amount of capital from outside investors and how long it took them on average to attract it? Not that I don't wish you success in this goal, but that sounds very optimistic.

How did you even come up with that number of 10 million in 12-18 months? As far as I can see, this cannot be estimated and certainly not based on the mentioned 2-3% return per month as the sole criterion for whether it achieves this goal or not.

I see a lot of DARWINs with solid returns, some of which have been around for 7+ years or more and don't even have nearly as much AuM. Apart from a few that you can count on one hand. It seems more like Darwinex is not managing to raise significant investor money for its successful DARWINs and with the new Darwinex Zero Model, which brings in secure income even without alpha and investors, I see little motivation that much will change in the near future.
47 traders viewing now