Prop Firm Hub | Page 2254 | 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

  • #45,061
  • Dec 7, 2024 10:49pm Dec 7, 2024 10:49pm
Quoting montygoldy
Mffu gives 2500$ live and forfeit any other extra profits made on it..... .
-So they are fronting the 2.5k for the live account and are not taking that from your previously-earned profits? I do not understand the forfeit part. Thanks, again.
  • #45,062
  • Dec 7, 2024 11:10pm Dec 7, 2024 11:10pm
Quoting montygoldy
{quote} Mffu gives 2500$ live and forfeit any other extra profits made on it..... My math says if i put 270$-280$ in personal . There is a very grim chance of turning it into 15k++ in matter of 2 months. Coz i made 12k in withdrawals on those two accounts + had 3k worth of drawdown as well in same time period of 2 months. Thats where prop firm comes in. No prop firm gives Live on day 1 so you have to pull enough profits to move to live. At that point its doesnot matter what type of account it is..
If you blow the 2.5k live funded account, they allow you SIM account again ?

And what are the terms of live funded account, ? Loss limits ?
Intraday only.
  • #45,063
  • Dec 7, 2024 11:39pm Dec 7, 2024 11:39pm
Quoting CableJ
{quote} do you know how MFFU will handle you if you blow the live? back to unlimited live sims? only your 1 backup available again then after that you have to go?
not sure.... but i think can go back to sim... there is no restriction as per their FAQ's
Extreme gut feeling trader
  • #45,064
  • Dec 7, 2024 11:41pm Dec 7, 2024 11:41pm
Quoting navk
{quote} If you blow the 2.5k live funded account, they allow you SIM account again ? And what are the terms of live funded account, ? Loss limits ?
right now same like 50k - 3mini max and 1200 DLL n NO consistency
Extreme gut feeling trader
  • #45,065
  • Dec 7, 2024 11:42pm Dec 7, 2024 11:42pm
Quoting Nsak3y
{quote}-So they are fronting the 2.5k for the live account and are not taking that from your previously-earned profits? I do not understand the forfeit part. Thanks, again.
So for example you have 5k drawdown then will only give you 2500$ fresh live account and all extra profits be gone.... it can go either way if you have less the 2500$ still you get 2.5k fresh
Extreme gut feeling trader
  • #45,066
  • Dec 8, 2024 12:08am Dec 8, 2024 12:08am
Quoting montygoldy
So for example you have 5k drawdown then will only give you 2500$ fresh live account and all extra profits be gone.... it can go either way if you have less the 2500$ still you get 2.5k fresh
-So they deny you withdrawal rights on your simulated profits? Can you withdraw the 2.5k on the live account?
  • #45,067
  • Dec 8, 2024 12:12am Dec 8, 2024 12:12am
Quoting Nsak3y
{quote}-So they deny you withdrawal rights on your simulated profits? Can you withdraw the 2.5k on the live account?
On live i can withdaw profits everyday....90% split ...
Extreme gut feeling trader
  • #45,068
  • Dec 8, 2024 12:57am Dec 8, 2024 12:57am
Quoting montygoldy
On live i can withdaw profits everyday....90% split ...
-But can you withdraw the initial 2.5k draw-down allowance?
  • #45,069
  • Dec 8, 2024 3:48am Dec 8, 2024 3:48am
Quoting Erpthetrader
https://medium.com/@eliremy1997/eli-...p-64f70be09983
https://medium.com/@eliremy1997/the-...y-db264e283780
And the NEW journey continues ! im still doing Darwinex Zero, its just Topstep is far more rewarding short term lol
SKQT - Super Kool Quant Trader
Daily Remy All Time Return: 5.6%
  • #45,070
  • Dec 8, 2024 8:38am Dec 8, 2024 8:38am
Quoting montygoldy
{quote} So for example you have 5k drawdown then will only give you 2500$ fresh live account and all extra profits be gone.... it can go either way if you have less the 2500$ still you get 2.5k fresh
Here is where Tradeify differs in live, definitely using your own profits, key would be knowing when they were going to move you.....they have a guideline, but the reserve the right to do it whenever they wish ......you get the lesser of extra profits above account size or 10% of account size.....Let's say you have a 150K, make 9K withdrawal 3K, you have 156K, your excess is 6K....10% of the 150K is 15K, you'd get the 6K. If you were over 165K, or 15K in profit, you'd get the 10% and be capped at 15K.
  • #45,071
  • Dec 8, 2024 9:25am Dec 8, 2024 9:25am
Quoting Erpthetrader
{quote} https://medium.com/@eliremy1997/the-...y-db264e283780 And the NEW journey continues ! im still doing Darwinex Zero, its just Topstep is far more rewarding short term lol
Keep it up. Saw your post in reddit also ...
Drawdown is more important than Account Size !
  • #45,072
  • Dec 8, 2024 9:46am Dec 8, 2024 9:46am
Hello guys, new user here. Starting my prop journey today with TopStep. I have been trading trading a personal forex account with thinkorswim. Futures would be something new for me. Glad to see posts here from a lot of good people. Thank you.
SL is more important than TP
  • #45,073
  • Edited 11:09am Dec 8, 2024 10:00am | Edited 11:09am
Quoting montygoldy
{quote} On live i can withdaw profits everyday....90% split ...
I assume like this.
With MFFU
1) 50K account will be transitioned into 2.5k live account after 4 th payout in SIM account. The remaining profit earned in 50k SIM account will be gone. for ever.
2) You will be able to trade 3 minis or 3 micros ( or 30 micros ? )
3? 1.2k DLL
4) No consistency rule
5) 90 % profit split and can be withdrawn every day

With Tradeify, they allow 5k capital from 50k SIM account. No DLL. ( This is very important )
With TickTick traders, if one blows live account, he will have option to start SIM account again
Intraday only.
  • #45,074
  • Dec 8, 2024 11:13am Dec 8, 2024 11:13am
Quoting navk
{quote} I assume like this. With MFFU 1) 50K account will be transitioned into 2.5k live account after 4 th payout in SIM account. The remaining profit earned in 50k SIM account will be gone. for ever. 2) You will be able to trade 3 minis or 3 micros ( or 30 micros ? ) 3? 1.2k DLL 4) No consistency rule 5) 90 % profit split and can be withdrawn every day With Tradeify, they allow 5k capital from 50k SIM account. No DLL. ( This is very important ) With TickTick traders, if one blows live account, he will have option to start SIM account again
also mffu assign manager. So if i have any question or request i get answer in minutes or i can call directly… second thing i like is all the fees n subscriptions are deducted from the account so in short i didnot pay anything..
yes right now conditions are 3 minis or 30 micros max + 1200 dll. But it can change on request as the account grows. So i am planning to get to 10k to ask increase in dll… btw i dont have issue with dll instead i like it keeps me away from making huge losses
Extreme gut feeling trader
  • #45,075
  • Dec 8, 2024 11:21am Dec 8, 2024 11:21am
Btw next week is important for me ….
A TOTAL OF 35k payout on the line…

1. tictic- 4 accounts need 500$ to cross the threshold and 1 account required 5.5k which can be achieved by the end of the week. Total 15000$ bagggg.
2. Tradeify - 8 days done and need 4k more profit and aiming for 11-14th payout cycle. So i am aiming for 2x1500 days to get that target hoping for Wednesday the auspicious day.. 20800$ baggggg…..

closing the year with the bangggggggg…….
Extreme gut feeling trader
  • #45,076
  • Dec 8, 2024 11:38am Dec 8, 2024 11:38am
Quoting montygoldy
{quote} not sure.... but i think can go back to sim... there is no restriction as per their FAQ's
When you think about this, it really makes zero sense unless they only allow live traders back into sim to build up a buffer again so they can immediately move them back to live. The main purpose of moving a trader live is to get them off their books as a negative liability in live sim.
  • #45,077
  • Dec 8, 2024 11:43am Dec 8, 2024 11:43am
Quoting navk
{quote} I assume like this. With MFFU 1) 50K account will be transitioned into 2.5k live account after 4 th payout in SIM account. The remaining profit earned in 50k SIM account will be gone. for ever. 2) You will be able to trade 3 minis or 3 micros ( or 30 micros ? ) 3? 1.2k DLL 4) No consistency rule 5) 90 % profit split and can be withdrawn every day With Tradeify, they allow 5k capital from 50k SIM account. No DLL. ( This is very important ) With TickTick traders, if one blows live account, he will have option to start SIM account again
Be careful. Ticktick have some undefined cooling period once you go live like Elitetrader funding (2 years), I think this will be the next change in process to avoid SIM farming.
  • #45,078
  • Dec 8, 2024 11:45am Dec 8, 2024 11:45am
Quoting CableJ
{quote} When you think about this, it really makes zero sense unless they only allow live traders back into sim to build up a buffer again so they can immediately move them back to live. The main purpose of moving a trader live is to get them off their books as a negative liability in live sim.
Yes but they dont want negative publicity thats why initially they will allow but my gut feeling is they will do something like Elitetraderfunding if you go live you are banned for 2 years to purchase any additional accounts.
  • #45,079
  • Dec 8, 2024 12:03pm Dec 8, 2024 12:03pm
Quoting CableJ
{quote} When you think about this, it really makes zero sense unless they only allow live traders back into sim to build up a buffer again so they can immediately move them back to live. The main purpose of moving a trader live is to get them off their books as a negative liability in live sim.
100%. Otherwise, as there is no benefit to live, I would just blow the account and get 3 more evals fired up. You literally make more money in live sim.
However, to Monty's point, he paid under $300, has pulled 15K and now has a 2500 live. To be able to just pull that 2500 would be great, but I guess you can't have your cake and eat it too. Just grow that 2500 like you would a personal account, give up the 10%.....it's all house money anyway.
Tradeify has plans to incentivize live by actually copying, paying 100% plus an additional 10-15% of profit they make by copying. That would definitely separate them and may be the next change we see among more firms.
  • #45,080
  • Dec 8, 2024 12:27pm Dec 8, 2024 12:27pm
Quoting sampat
{quote} Be careful. Ticktick have some undefined cooling period once you go live like Elitetrader funding (2 years), I think this will be the next change in process to avoid SIM farming.
yes, there is undefined cool down period if one blows live account


IMO, Live account needs to be traded like mt4 personal account as I have been mentioning in the past with calculated risk
Intraday only.
69 traders viewing now