Aliassmith Beats a "Dead Horse"

[prochargedmopar]

These prop companies keep updating their guidelines and new ones come out.

FTMO has just increased the max account size you can buy into to $400k. For people who cant get 10% in a month, they are probably not right for you.

I see a new company out there "The Prop Trading" that on paper is better than FTMO.
8% target round 1
4% target round 2
$500k max buyin with faster scaling ($1 million in 1 year)
News trading is allowed.
80% profit split
Their spread+comm. structure is a little bit more but not a deal breaker.
Not much info. on the company overall.
Only has MT5 which is a little different than MT4

If you are good you can trade both places. Trying to flip accounts doesn't have to be a thing with all this capital available these days.

Put all your profit in a personal account and you will no longer be at the mercy of the prop firm.

I don't understand.
What is the reason for trading other peoples money UNless it's being put to work in the sense of SpaceBalls?
What am I missing over just being profitable and letting our own account grow to insane levels?

Why would you trade for a prop company?

Let's start with a couple assumptions.
Your Prop choice is FTMO
You risk 1% or less per trade
Your account drawdown never exceeds 8%
Your daily draw down is never 5% or more
You gain 5 to 15% a month

You have your own $2000 account and you make $100 to $300 a month. You keep all of it!

If you have a $50,000 prop account you make $2500 to $7500 a month. You split the profit so you get to keep $1750 to $5250.

So based on your original funds you made 87%+

Based on your personal account it would take about 3 years to scale up to that $50,000.

In 3 years your prop account can be $500,000+

You can alway set aside funds from your prop profits to protect yourself.

You can leave money in your prop account to have more of a drawdown protection.

Its a way to trade OPM without the worries.

Your risk of ruin is less making 5 to 15 percent a month than trying to "Flip" a small account.

I dont get any benefit from putting this info out there. I recommend anyone do their own research and due diligence. I can only tell you what I found out and my opinion.

Those numbers make sense, much more than making cents.
lol
Thanks.

Never heard of FTMO until you mentioned it a few times in this thread.
I'll look into it.

[aliassmith]

I don't understand.
What is the reason for trading other peoples money UNless it's being put to work in the sense of SpaceBalls?
What am I missing over just being profitable and letting our own account grow to insane levels?

Why would you trade for a prop company?

Let's start with a couple assumptions.
Your Prop choice is FTMO
You risk 1% or less per trade
Your account drawdown never exceeds 8%
Your daily draw down is never 5% or more
You gain 5 to 15% a month

You have your own $2000 account and you make $100 to $300 a month. You keep all of it!

If you have a $50,000 prop account you make $2500 to $7500 a month. You split the profit so you get to keep $1750 to $5250.

So based on your original funds you made 87%+

Based on your personal account it would take about 3 years to scale up to that $50,000.

In 3 years your prop account can be $500,000+

You can alway set aside funds from your prop profits to protect yourself.

You can leave money in your prop account to have more of a drawdown protection.

Its a way to trade OPM without the worries.

Your risk of ruin is less making 5 to 15 percent a month than trying to "Flip" a small account.

I dont get any benefit from putting this info out there. I recommend anyone do their own research and due diligence. I can only tell you what I found out and my opinion.

Those numbers make sense, much more than making cents.
lol
Thanks.

Never heard of FTMO until you mentioned it a few times in this thread.
I'll look into it.

They are considered the gold standard currently.
They have a free trial and the spreads and comm. are the same live.
It doesn't hurt to research it.

Start with a $10k account then upgrade to $100k with your profits. Its a cheap way to start and you 10x your account size in no time that way.

Then use your profit to go up to $400k after that you can scale up $100k every 4 months.

This is something I've research for people I know personally.
"Hey man how can I trade like you?"
I say go to babypips.com education and when you are done get back with me.
" I don't have much money to trade"
I say go look at FTMO or 5ers then get back with me.

[prochargedmopar]

Why would you trade for a prop company?

Let's start with a couple assumptions.
Your Prop choice is FTMO
You risk 1% or less per trade
Your account drawdown never exceeds 8%
Your daily draw down is never 5% or more
You gain 5 to 15% a month

You have your own $2000 account and you make $100 to $300 a month. You keep all of it!

If you have a $50,000 prop account you make $2500 to $7500 a month. You split the profit so you get to keep $1750 to $5250.

So based on your original funds you made 87%+

Based on your personal account it would take about 3 years to scale up to that $50,000.

In 3 years your prop account can be $500,000+

You can alway set aside funds from your prop profits to protect yourself.

You can leave money in your prop account to have more of a drawdown protection.

Its a way to trade OPM without the worries.

Your risk of ruin is less making 5 to 15 percent a month than trying to "Flip" a small account.

I dont get any benefit from putting this info out there. I recommend anyone do their own research and due diligence. I can only tell you what I found out and my opinion.

Those numbers make sense, much more than making cents.
lol
Thanks.

Never heard of FTMO until you mentioned it a few times in this thread.
I'll look into it.

They are considered the gold standard currently.
They have a free trial and the spreads and comm. are the same live.
It doesn't hurt to research it.

Start with a $10k account then upgrade to $100k with your profits. Its a cheap way to start and you 10x your account size in no time that way.

Then use your profit to go up to $400k after that you can scale up $100k every 4 months.

This is something I've research for people I know personally.
"Hey man how can I trade like you?"
I say go to babypips.com education and when you are done get back with me.
" I don't have much money to trade"
I say go look at FTMO or 5ers then get back with me.

OR, skip all that and come to Kreslik to learn the dead horse.
Less to UNlearn.

[prochargedmopar]

Intermission...............

A Quote from MO:

"Every time I try to explain it it only comes out of my mouth as a riddle "

You don't say?

When their mind is ready they will see clearly

'Those who search will understand, but those who hear will be confounded'


And the quote goes:

"You shouldn't take a trade just because you can make a profit"

If you understand that if you hold a position at a large chart's extreme that you hold the potential of that chart then why would you ignore the extreme when taking a short term trade?
Why would you risk the same amount of money on weak positions as you do on strong positions?
Why not only take risks from strong positions?

When you are playing OMAHA poker you might have the same hand as your opponent but also have a draw to a larger hand; this is called 'free rolling the villain'.
Likewise in trading you want to have short term trades that might be similar to the holdings of the other market participants but with 'draws' to something larger.

What ever happen to this dude?
Lose all his money to the Orient?
Wasn't he from MI?
Wonder if he ever got his weight under control?
Hope drinking didn't do him in like espip. (or that's what I assume happened to the master scalper)

More questions than answers after all these years. hahahaha

[LeMercenaire]

These prop companies keep updating their guidelines and new ones come out.

FTMO has just increased the max account size you can buy into to $400k. For people who cant get 10% in a month, they are probably not right for you.

I see a new company out there "The Prop Trading" that on paper is better than FTMO.
8% target round 1
4% target round 2
$500k max buyin with faster scaling ($1 million in 1 year)
News trading is allowed.
80% profit split
Their spread+comm. structure is a little bit more but not a deal breaker.
Not much info. on the company overall.
Only has MT5 which is a little different than MT4

If you are good you can trade both places. Trying to flip accounts doesn't have to be a thing with all this capital available these days.

Put all your profit in a personal account and you will no longer be at the mercy of the prop firm.

I don't understand.
What is the reason for trading other peoples money UNless it's being put to work in the sense of SpaceBalls?
What am I missing over just being profitable and letting our own account grow to insane levels?[/quote

This also can tie into another question I answered on another thread - psychologically, there are those traders who on the technical side are on the right side of good-to-very--good but who just can't handle the risk to their own money. They can, however handle the somewhat abstract concept of Prop money, being able see it as some kind of hyper-demo.

May seem counter-intuitive but the brain is a very strange and complex organ.

[aliassmith]

Those numbers make sense, much more than making cents.
lol
Thanks.

Never heard of FTMO until you mentioned it a few times in this thread.
I'll look into it.

They are considered the gold standard currently.
They have a free trial and the spreads and comm. are the same live.
It doesn't hurt to research it.

Start with a $10k account then upgrade to $100k with your profits. Its a cheap way to start and you 10x your account size in no time that way.

Then use your profit to go up to $400k after that you can scale up $100k every 4 months.

This is something I've research for people I know personally.
"Hey man how can I trade like you?"
I say go to babypips.com education and when you are done get back with me.
" I don't have much money to trade"
I say go look at FTMO or 5ers then get back with me.

OR, skip all that and come to Kreslik to learn the dead horse.
Less to UNlearn.

I dont want to waste my time with them, especially on the newbie stuff. Most people want your time without making any commitment on their part.

If they go through the training then at least we can speak the same language at that point.

[prochargedmopar]

These prop companies keep updating their guidelines and new ones come out.

FTMO has just increased the max account size you can buy into to $400k. For people who cant get 10% in a month, they are probably not right for you.

I see a new company out there "The Prop Trading" that on paper is better than FTMO.
8% target round 1
4% target round 2
$500k max buyin with faster scaling ($1 million in 1 year)
News trading is allowed.
80% profit split
Their spread+comm. structure is a little bit more but not a deal breaker.
Not much info. on the company overall.
Only has MT5 which is a little different than MT4

If you are good you can trade both places. Trying to flip accounts doesn't have to be a thing with all this capital available these days.

Put all your profit in a personal account and you will no longer be at the mercy of the prop firm.

I don't understand.
What is the reason for trading other peoples money UNless it's being put to work in the sense of SpaceBalls?
What am I missing over just being profitable and letting our own account grow to insane levels?[/quote

This also can tie into another question I answered on another thread - psychologically, there are those traders who on the technical side are on the right side of good-to-very--good but who just can't handle the risk to their own money. They can, however handle the somewhat abstract concept of Prop money, being able see it as some kind of hyper-demo.

May seem counter-intuitive but the brain is a very strange and complex organ.

I been wondering where you've been.
I added an EA chart to watch your favorite Horse.
Some people can't trade others money, some people can't trade their own, some people can't trade on demo, some people just can't trade.
I've never seriously tried a demo to track my actual progress as I went straight to live before I even knew how to enter/exit a trade.
I'm thinking I may have to crank one up.
April 1st? What a day to start.

[Lvup7]

These prop companies keep updating their guidelines and new ones come out.

FTMO has just increased the max account size you can buy into to $400k. For people who cant get 10% in a month, they are probably not right for you.

I see a new company out there "The Prop Trading" that on paper is better than FTMO.
8% target round 1
4% target round 2
$500k max buyin with faster scaling ($1 million in 1 year)
News trading is allowed.
80% profit split
Their spread+comm. structure is a little bit more but not a deal breaker.
Not much info. on the company overall.
Only has MT5 which is a little different than MT4

If you are good you can trade both places. Trying to flip accounts doesn't have to be a thing with all this capital available these days.

Put all your profit in a personal account and you will no longer be at the mercy of the prop firm.

Thank you for this. Which FX brokers do you trade with on a personal account ? I am US based, options are quite limited at retail level. I have experience with the like of lqdfx and fxchoice good off shores brokers but a Hugh draw back with these is they stop accepting bank wires. There payment services cost up to 4% per withdrawal.

[aliassmith]

GBPUSD M15
1X

[aliassmith]

These prop companies keep updating their guidelines and new ones come out.

FTMO has just increased the max account size you can buy into to $400k. For people who cant get 10% in a month, they are probably not right for you.

I see a new company out there "The Prop Trading" that on paper is better than FTMO.
8% target round 1
4% target round 2
$500k max buyin with faster scaling ($1 million in 1 year)
News trading is allowed.
80% profit split
Their spread+comm. structure is a little bit more but not a deal breaker.
Not much info. on the company overall.
Only has MT5 which is a little different than MT4

If you are good you can trade both places. Trying to flip accounts doesn't have to be a thing with all this capital available these days.

Put all your profit in a personal account and you will no longer be at the mercy of the prop firm.

Thank you for this. Which FX brokers do you trade with on a personal account ? I am US based, options are quite limited at retail level. I have experience with the like of lqdfx and fxchoice good off shores brokers but a Hugh draw back with these is they stop accepting bank wires. There payment services cost up to 4% per withdrawal.

You are welcome.

Sorry about this part, I don't discuss how my business is structured.

I actually have things setup to where i feel comfortable posting charts and not be paranoid about liquidity issues.

If you are a good enough trader you could be trading about $1 million in two months with 2 prop firms.