Mr. Hyde wrote:aliassmith wrote:Mr. Hyde wrote:
Haha. Yeah saw that. But they have the worst setup on their original accounts. The boost camp ones seem better. s**t just takes to long to get
Their live account is not great.
The bootcamp is good stuff if you dont have to have everything right now.
This is an avenue for someone to make a living by only making 3% a month. Or someone who makes 5% a week and gets $4 M in a few months.
If you can make 10% a month then FTMO or MFF are a good way to go to get a jump start on getting some cash flow.
10% a month also gets you through 5ers bootcamp in 2 months and up 2 levels a month.
Many variables to consider. Depends on the type of trader you are.
Yeah. And as much as I like prop firms, at some point I think it gets a little to much. They are amazing for new traders and people who want to make a little extra. But I'm not trying to follow 4 different sets of rules and what not. There was even one firm that had assets that you could access on the platform but weren't allowed to trade and would violate you. Stupid.
Also. Found some old post of yours were you were using 2 pip stops. Looks like you have been doing it fir awhile. So much good info on these forums
I agree you can have too many rule sets to deal with and mess up.
I believe prop firms are good for various levels of traders. If you are beyond doing demo, then the bootcamp is about $100 and you have 12 months to test yourself by getting 18%. You probably are not ready for trading if you cannot do 18% in a year. To make it worthwhile I'm thinking 25%+ per year.
Year 1 you get to $125,000 @ 50/50 = Intern year $15,000/year
Year 2 you get to $300,000 @ 60/40 = Promotion $45,000/year
Year 3 you get to $1,500,000 @ 70/30 = Boss $250,000/year
Year 4 you get to $4,000,000 @ 80/20 = CEO $800,000/year
An opportunity that cost you about $300 total.
An opportunity for someone with a sub-par return if you listen to everyone on the web.
Costs Less than college.
This is the information I try to get out there when I post.
I know I can make stupid gains, but I want someone out there that makes 25%/year to know there is a place for them.
In 4 years someone could start sending you $70,000 checks each month without the need to make double, triple, or quadruple digit returns monthly.