Prop Firm Hub | Page 2457 | 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

  • #49,121
  • Jun 1, 2025 5:06pm Jun 1, 2025 5:06pm
Quoting Cryptosurf
{quote} It’s not the typical yolo casino model often talked about here. For ballers who already think they have what it takes they can apply for a proper role: https://www.raentrading.com/careers I posted this before and it explains why the fee as well. https://youtu.be/CeE_EDG9Yp4
Yeah, I get that and like the non casino model. I'm just thinking about my Darwinex Zero account. I'm 10 months in and I'm still not at 20% profit so if I was doing the Raentrading phase 1 I'd already be out $3890.
Pride always comes before destruction.... -Proverbs 16:18
  • #49,122
  • Edited 6:37pm Jun 1, 2025 6:22pm | Edited 6:37pm
Quoting RoelsMajor
{quote} Tabel #1: That’s easy, but you are risking 4% of your equity per trade, which is quite large for only 20 pips move, assume 1:1 RR in GBP/USD. Tabel #2: 1% Risk Tabel #3: 21-Day Trading Simulation Summary Win rate: 60% Risk per trade: 4% of capital Risk-Reward ratio: 1:1 (profit target equals risk) Expected daily return: +0.8% Method: Daily compounding Total capital growth after 21 days: +18.17% Equity($) | Lot Size(lots) | Dollar per Pip($) | Stop Loss(pips) | Risk per Trade($) | Risk per Trade(%) | Take Profit(pips) | Profit per Trade($)...
Thanks for your spread sheet .

Just i want you to consider something.

Expect 10 pips to get hit for each basket of trade. Each basket of trade will be 0.1 lot only for 500 account. Total basket must be 2 to 3 baskets in a day. That is all. This is pure scalping method only.

For those, scalping or intraday trading is not suitable, do not do it.

Do not worry about stop loss point, In a 500 dollar account, with 0.1 lot, you are not going to blow account in a pair like gbpusd, which has a daily range of 80 to 100 pips.

But focus on 10 pips profit booking for each basket of trades. total profit must be 20 pips per day. That is it. Day is over

I was doing this, and i did this not long time ago.

I opened 480 dollar acc purely to check my trading skills. And ended up growing 480 dollar account to 2500 +

So, please make a calculation, just focussing on 20 pips per day, 500 dollar account.

500 = 0.1 lot
1000 = 0.2 lot
1500 = 0.3 lot
...........
...............

Like that.

And tell me the result after 6 month of calculation ( on paper )
Intraday only.
  • #49,123
  • Jun 1, 2025 6:51pm Jun 1, 2025 6:51pm
Quoting navk
{quote} Thanks for your spread sheet . Just i want you to consider something. Expect 10 pips to get hit for each basket of trade. Each basket of trade will be 0.1 lot only for 500 account. Total basket must be 2 to 3 baskets in a day. That is all. This is pure scalping method only. For those, scalping or intraday trading is not suitable, do not do it. Do not worry about stop loss point, In a 500 dollar account, with 0.1 lot, you are not going to blow account in a pair like gbpusd, which has a daily range of 80 to 100 pips. But focus on 10 pips profit...
I have to be cautious with a very tight stop loss—less than 1/3 of the ADR (21)—like the way I do it, especially if I don't know the win rate of a system (statistics). The ability to adapt changes over time depending on market conditions—at least that's what I believe—so there's no guarantee that past performance can be repeated. I only calculate risk based on percentage (converted from pips), and now I know your preference is 4% per trade, not 0.5%, while the Kelly Criterion recommends 3% for forex. It could be much higher if the average return per trade in percentage is already known (for example, over 63 or 84 trading days). Good luck with your method, and there you have it—your method in a spreadsheet.

The conclusion is, with a small account, we need to take insanely high risks to grow quickly; with a large account, we only need to take small risks each day. That remains a trading wisdom.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #49,124
  • Jun 1, 2025 6:57pm Jun 1, 2025 6:57pm
Quoting RoelsMajor
{quote} I have to be cautious with a very tight stop loss—less than 1/3 of the ADR (21)—like the way I do it, especially if I don't know the win rate of a system. The ability to adapt changes over time depending on market conditions—at least that's what I believe—so there's no guarantee that past performance can be repeated. I only calculate risk based on percentage (converted from pips), and now I know your preference is 4% per trade, not 0.5%, while the Kelly Criterion recommends 3% for forex. It could be much higher if the average return per...
well, when you think of stop loss hitting, I can not trade.

When i think, my bias is clear in a short term, i win it.

OK, i will use my spread sheet, if your software does not allow more than certain % or does not allow calculation with out stop loss.
Intraday only.
  • #49,125
  • Jun 1, 2025 6:59pm Jun 1, 2025 6:59pm
Quoting RoelsMajor
{quote} I have to be cautious with a very tight stop loss—less than 1/3 of the ADR (21)—like the way I do it, especially if I don't know the win rate of a system. The ability to adapt changes over time depending on market conditions—at least that's what I believe—so there's no guarantee that past performance can be repeated. I only calculate risk based on percentage (converted from pips), and now I know your preference is 4% per trade, not 0.5%, while the Kelly Criterion recommends 3% for forex. It could be much higher if the average return per...
No, you are wrong, I do not mean high risk or low risk or no risk.

I mean constsent strategy.

500 dollar 0.1 lot
1000 dollar 0.2 lot
1500 dollar 0.3 lot
Intraday only.
  • #49,126
  • Jun 1, 2025 7:11pm Jun 1, 2025 7:11pm
Quoting navk
{quote} No, you are wrong, I do not mean high risk or low risk or no risk. I mean constsent strategy. 500 dollar 0.1 lot 1000 dollar 0.2 lot 1500 dollar 0.3 lot
What you mean is that part of your strategy is position sizing using fixed lots based on multiples of your Equity, right? I know that. But if you say it's a consistent strategy, we look for that consistency in the statistics across many available metrics. That’s how I see it.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #49,127
  • Jun 1, 2025 7:21pm Jun 1, 2025 7:21pm
Quoting RoelsMajor
{quote} What you mean is that part of your strategy is position sizing using fixed lots based on multiples of your Equity, right? I know that. But if you say it's a consistent strategy, we look for that consistency in the statistics across many available metrics. That’s how I see it.
I asked you to put my inputs in to your software and tell me the result.

You are asking for winning proof.
lol.
Intraday only.
  • #49,128
  • Jun 1, 2025 7:32pm Jun 1, 2025 7:32pm
Quoting navk
{quote} I asked you to put my inputs in to your software and tell me the result. You are asking for winning proof. lol.
Lol, that’s not software, just try ChatGPT or Deepseek—you’ll get the simulation. But to get the full picture, we need to provide some important statistical data from our system, Bro, to ensure it can be properly processed by AI. No one is asking for your proof of winning . Maybe you have some statistical data from your system over 3 or 4 months that you could share with us.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #49,129
  • Jun 1, 2025 7:52pm Jun 1, 2025 7:52pm
Quoting Takisd
I might give it a try after summer to prove its game-able. I dont think the model is well thought out for the target market expressed. A 30 day minimum and a higher profit target isn't really going to filter the good from the bad. Regardless of whether they think 20% is low. The slow down in passing might help filter some of the real degenerates but mathematically it still is highly gameable.
I think you have to watch that entire 18m video.

Once Phase 1 is completed then all fees paid to date are to be refunded.

There are no fees paid for phase two.

Phase two you’re placed within a group and assessed accordingly for talent. On a daily basis. Apparently it’s not a lone wolf environment, rather talent developed for long term growth.

Most yolo traders aren’t even going to make it this far, or anyone thinking it can be “gamed.”
Trade with confidence, trade without fear.
  • #49,130
  • Jun 1, 2025 7:56pm Jun 1, 2025 7:56pm
Quoting Expo33
{quote} Yeah, I get that and like the non casino model. I'm just thinking about my Darwinex Zero account. I'm 10 months in and I'm still not at 20% profit so if I was doing the Raentrading phase 1 I'd already be out $3890.
Yeah I’m not sure what to tell you tbh. I’ve been trading futures for long enough to be able to extract at least a couple grand easily a day after the NY open, just with NQ and DOW.

Theres a certain rhythm to the market.
Trade with confidence, trade without fear.
  • #49,131
  • Jun 1, 2025 8:02pm Jun 1, 2025 8:02pm
Quoting RoelsMajor
{quote} I have to be cautious with a very tight stop loss—less than 1/3 of the ADR (21)—like the way I do it, especially if I don't know the win rate of a system (statistics). The ability to adapt changes over time depending on market conditions—at least that's what I believe—so there's no guarantee that past performance can be repeated. I only calculate risk based on percentage (converted from pips), and now I know your preference is 4% per trade, not 0.5%, while the Kelly Criterion recommends 3% for forex. It could be much higher if the average...
and to state the obvious....your risk of ruin is inverse to your risk.....it is not about aiming for higher returns (which involves higher risk), it is about trading as large a sum of capital as you can.
  • #49,132
  • Jun 1, 2025 8:04pm Jun 1, 2025 8:04pm
Quoting navk
{quote} I asked you to put my inputs in to your software and tell me the result. You are asking for winning proof. lol.
I already calculated it for you....your 5K will be $43 million in 2 years. Let us know when you hit it. It is simply not reality.
  • #49,133
  • Jun 1, 2025 8:06pm Jun 1, 2025 8:06pm
Quoting Cryptosurf
{quote} Yeah I’m not sure what to tell you tbh. I’ve been trading futures for long enough to be able to extract at least a couple grand easily a day after the NY open, just with NQ and DOW. Theres a certain rhythm to the market.
Still using VWAP? I have incorportaed anchored VWAP to the weekly open along with daily pivots......pretty amazing.
  • #49,134
  • Jun 1, 2025 8:08pm Jun 1, 2025 8:08pm
Quoting pipmaster77
{quote} I already calculated it for you....your 5K will be $43 million in 2 years. Let us know when you hit it. It is simply not reality.
with 20 pips per day and 0.1 lot in 500 account ??

Are you sure ?

Pl do recalculate

I repeat.

500 = 0.1 lot
1000 = 0.2 lot
1500 =0.3 lot.

.................
...........
Intraday only.
  • #49,135
  • Jun 1, 2025 8:17pm Jun 1, 2025 8:17pm
Quoting Expo33
All of a sudden I am getting emails from Seacrest offering discounts. When did MMFX rebrand as Seacrest? I must have missed that. 14% 1 star on Trust Pilot. Not looking good
Looks like they're trying to align their brand Seacrest Funded with Seacrest Markets. Similar to IC Funded and IC Markets.
  • #49,136
  • Jun 1, 2025 8:21pm Jun 1, 2025 8:21pm
Quoting navk
{quote} with 20 pips per day and 0.1 lot in 500 account ?? Are you sure ? Pl do recalculate I repeat. 500 = 0.1 lot 1000 = 0.2 lot 1500 =0.3 lot. ................. ...........
so $20/day starting with $500...it's 4% per day, I did it earlier with the 5K start and only earning $100......2% per day.......
with 4% per day, I'm in the billions by month 21....you do realize 4% daily compounded doubles your account every month?
Of course, there is the liquidity issue maybe a year in.....
  • #49,137
  • Jun 1, 2025 8:23pm Jun 1, 2025 8:23pm
Quoting pipmaster77
{quote} Much more realistic, howver 4%+ per month AVERAGE makes you one of the best traders in the world.
Well Ya...
Monthly Growth Rate 4%
Annual CAGR (Compound Annual Growth Rate) 60.10%
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #49,138
  • Jun 1, 2025 8:23pm Jun 1, 2025 8:23pm
Quoting pipmaster77
{quote} so $20/day starting with $500...it's 4% per day, I did it earlier with the 5K start and only earning $100......2% per day....... wit 4% per day, I'm in the billions by month 21....you do realize 4% daily compounded doubles your account every month?
something wrong in your calculation. My spread sheet says different.
Intraday only.
  • #49,139
  • Jun 1, 2025 8:27pm Jun 1, 2025 8:27pm
Quoting pipmaster77
{quote} Still using VWAP? I have incorportaed anchored VWAP to the weekly open along with daily pivots......pretty amazing.
Pivots not so much, more like the daily VWAP and the anchored off the 9:30 open.

Easy money
Trade with confidence, trade without fear.
  • #49,140
  • Jun 1, 2025 8:32pm Jun 1, 2025 8:32pm
Quoting Cryptosurf
{quote} Pivots not so much, more like the daily VWAP and the anchored off the 9:30 open. Easy money
I've watched videos where they anchor it to the yearly open, monthly open, FOMC....it is a pretty amazing tool.
62 traders viewing now