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  • #43,261
  • Oct 16, 2024 7:07am Oct 16, 2024 7:07am
Quoting TrAndy1
{quote} Last year within my hedge fund role I made 4 months in a row like +20% monthly return with max. Drawdown of 10%, but no longer. Then I had up to 20% drawdown following. But it is possible to have a 2:1 Risk Reward Ratio on monthly base, I wanted to say. I mean just look at the other great hedge fund traders, there are many doing such great returns year after year. I could not do it for that long time, after 9 months I got kicked out, because my performance was not more good. It is doable.
10% per month achieved 3 or 4 month in a row with max 5% dd.

Yours had 10%.
So, sorry, that's not going to make the man happy.
And he is not just anyone.
He is someone who is making 15-20% profit from 4000 accounts as a matchmaker who can walk to all those 4000 bedrooms and see all the performances.
The things this guy has seen. but 10/3+ he hasn't seen.
Kinda feel bed for him. Poor guy. All that money he is making and a simple thing eludes him.
  • #43,262
  • Oct 16, 2024 7:21am Oct 16, 2024 7:21am
Quoting OutThere
{quote} 10% per month achieved 3 or 4 month in a row with max 5% dd. Yours had 10%. So, sorry, that's not going to make the man happy. And he is not just anyone. He is someone who is making 15-20% profit from 4000 accounts as a matchmaker who can walk to all those 4000 bedrooms and see all the performances. The things this guy has seen. but 10/3+ he hasn't seen. Kinda feel bed for him. Poor guy. All that money he is making and a simple thing eludes him.
He is just no full professional trader and has never worked in a professional area surrounded with great traders this CEO. That is all it says, because i know it is doable.
  • #43,263
  • Oct 16, 2024 7:31am Oct 16, 2024 7:31am
Quoting OutThere
{quote} 10% per month achieved 3 or 4 month in a row with max 5% dd. Yours had 10%. So, sorry, that's not going to make the man happy. And he is not just anyone. He is someone who is making 15-20% profit from 4000 accounts as a matchmaker who can walk to all those 4000 bedrooms and see all the performances. The things this guy has seen. but 10/3+ he hasn't seen. Kinda feel bed for him. Poor guy. All that money he is making and a simple thing eludes him.
Also that 5% max. Drawdown is that based on trailing Drawdown or on static ? Because if it is static there are many, many examples where a trader had zero drawdown because from day 1 he was in profits and never came back below the zero PnL line. Myself included here in that example. I had those performances quite a few times.
  • #43,264
  • Oct 16, 2024 7:45am Oct 16, 2024 7:45am
Quoting OutThere
So, the CEO says that it is impossible to make 10% per month with a 5% max dd for more than 3 months in a row.
-I suppose that this would be equivalent to flipping an account more than 3 times in an row, which can be done. The only difference is that the trader would need to wait until the next month after each flip, which doesn't usually happen, as a matter of choice.
  • #43,265
  • Oct 16, 2024 7:57am Oct 16, 2024 7:57am
https://thepropgame.com/?_sc=NzU5Nzc...3D%3D#-200-000
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  • #43,266
  • Oct 16, 2024 8:00am Oct 16, 2024 8:00am
Hey guys, I've been out of the prop game for a while, and I want to start another prop evaluation. I know the prop firm landscape has changed a lot, so I'm not sure who is still a viable option besides FTMO?

My search on propfirmmatch came up with FXIFY, funded next, and funded trading plus as options according to my search criteria. Are any of these props good options worth considering?

I looked at maybe futures trading as that seems the be the craze around here lately, but I'm not quite ready for that jump yet.

Thanks.
Truth is like poetry. And most people f*cking hate poetry.
  • #43,267
  • Oct 16, 2024 9:59am Oct 16, 2024 9:59am
Quoting montygoldy
(Waiting for apex for some offer) {image}
There is currently a flash sale 80% off Evals, 85$ PAs and one day pass with coupon code PAYLESS.
Don't give up on your dreams. Keep sleeping.
  • #43,268
  • Oct 16, 2024 10:22am Oct 16, 2024 10:22am
Quoting Capablanca
{quote} Wise I'm always in a dilema if I should go on milking them slowly the radar or if I should hit them fast and hard and say goodbye.
I would suggest you the first one. In the second case you'll end up be banned from all.
  • #43,269
  • Oct 16, 2024 10:34am Oct 16, 2024 10:34am
Quoting OutThere
Someone posted here a couple of weeks ago that for the past 4 years, he has been making 15-20% per month.

I don’t know what’s more frightening: the fact that someone will say that without having the numeracy to understand that if it were true, he’d have more money by now than Elon Musk, or the fact that possibly one or two people here might even be naïve and gullible enough to believe it.
  • #43,270
  • Oct 16, 2024 10:35am Oct 16, 2024 10:35am
2 more wins to go on my 1 phase accounts, single trade per day. Trading doesn't have to be so complicated.
  • #43,271
  • Oct 16, 2024 10:40am Oct 16, 2024 10:40am
By the way, just in case anyone’s interested in looking, "The Legends Trading" currently has 80% off their $250k and $150k evaluations, and 70% off all the rest.

I have no idea whether they’re any good, or a good choice for people to try: have never used them and don’t know anyone who has, but their trailing drawdown is now end-of-day (it was trailing open equity when they originally started), and I haven’t heard anything terrible about them. I'm just on their mailing-list, which was how I found out.
  • #43,272
  • Oct 16, 2024 10:49am Oct 16, 2024 10:49am
Quoting OutThere
Someone posted here a couple of weeks ago that for the past 4 years, he has been making 15-20% per month. Meanwhile, this CEO who can see everyone's trades and performance for the past 12 years is yearning to see 10% achieved 3 months in a row. Will somebody make this CEO's dreams come true and show him a 4th month profit of 10%?
15-20% for several months in a row is not impossible just not with a 5% max drawdown limit. If you're willing to risk 20-50% of the account you can run into that kind of performance.
  • #43,273
  • Oct 16, 2024 10:58am Oct 16, 2024 10:58am
Apex is currently only talking about the good changes coming Nov 1st..... it's always a give and take with more trader friendly prop rules or faster payouts. I anticipate Daily limit added, no withdrawal of buffer $, higher prices/less sales, reduced max accounts below 20 or forced to live @ +10K-25K. It could just be my jaded pessimistic view, but I would be shocked if at least 1 out of those 5 don't happen.
  • #43,274
  • Oct 16, 2024 11:04am Oct 16, 2024 11:04am
Quoting Quickly
{quote} I don’t know what’s more frightening: the fact that someone will say that without having the numeracy to understand that if it were true, he’d have more money by now than Elon Musk, or the fact that possibly one or two people here might even be naïve and gullible enough to believe it.
We agree on something.......Yes!!!!!!!!!!!!!!!!!!!!!!!!!!
  • #43,275
  • Oct 16, 2024 11:26am Oct 16, 2024 11:26am
Quoting Quickly
I don’t know what’s more frightening: the fact that someone will say that without having the numeracy to understand that if it were true, he’d have more money by now than Elon Musk, or the fact that possibly one or two people here might even be naïve and gullible enough to believe it.
-Depends on how much the initial balance was. 1k compounded at 20% per month, over 48 months, is just over 6M.
  • #43,276
  • Oct 16, 2024 11:27am Oct 16, 2024 11:27am
Quoting pipmaster77
{quote} We agree on something.......Yes!!!!!!!!!!!!!!!!!!!!!!!!!!
It is not impossible too, 15% monthly over 4 years makes 82000% or 820x return. So someone risking at the begin 1000 USD or one thousand bucks would have 820k now. That is possible in the numbers too. And no one starts with 100k or 1 million when trading. Everyone starts very small. So even a few millions by now does not look impossible too. Then you can also look at the Market Wizard books, and there have been plenty of such traders. Even one with doing 15 to 20% monthly over 7 years! So that guy should be a billionaire in the low figures and that is also possible in financial markets we know. Myself I have made 100x or 100 times or 10000% return based on my initial risk at the end of 01/2023 to now, with all my trading and investing adventures combined, which is around 23% return per month in average since 01/2023 uptonow. So yes it is all doable. And that was with the prop firm leverage on additional capital included my own numbers. So with the prop speed advantage.
  • #43,277
  • Oct 16, 2024 11:54am Oct 16, 2024 11:54am
And I am by far not alone with that kind of 20% return per month. There are at least a few hundred or even 1000 traders on prop firms, who have done such returns because of the low fees invested in the challenge and then got huge payouts thereafter. So we see 20% return per month is not too special really. Maybe over many years of course, because then you are almost billionaire. But for a few years this is certainly in the possible range what everyone can do, especially on prop firms.
  • #43,278
  • Oct 16, 2024 11:56am Oct 16, 2024 11:56am
Quoting pipmaster77
We agree on something.......Yes!!!!!!!!!!!!!!!!!!!!!!!!!!

We agree about many things.

I even agree with you about what’s wrong with your regulators. We just disagree about how to improve that, I think: you’d like to see less regulation? I’d like to see better regulation. We both want the same overall outcome, though?
  • #43,279
  • Oct 16, 2024 12:01pm Oct 16, 2024 12:01pm
Quoting TrAndy1
15% monthly over 4 years makes 82000% or 820x return. So someone risking at the begin 1000 USD or one thousand bucks would have 820k now.

If they were stupid enough to compound only once a month, but why on earth would they do that?!
  • #43,280
  • Oct 16, 2024 12:25pm Oct 16, 2024 12:25pm
Quoting TrAndy1
{quote} It is not impossible too, 15% monthly over 4 years makes 82000% or 820x return. So someone risking at the begin 1000 USD or one thousand bucks would have 820k now. That is possible in the numbers too. And no one starts with 100k or 1 million when trading. Everyone starts very small. So even a few millions by now does not look impossible too. Then you can also look at the Market Wizard books, and there have been plenty of such traders. Even one with doing 15 to 20% monthly over 7 years! So that guy should be a billionaire in the low figures...
There is one massive fly in the ointment to infinite growth.... volume limitations, especially for intraday traders, liquidity is not infinite. Depending on a trader's risk, sl size & available <5 level market depth, they could be position size maxed with only a 100-200K account size.
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