Aliassmith Beats a "Dead Horse"

[aliassmith]

They might have an issue if you did this monthly.
https://youtu.be/HfScXO63Nck
The largest single payout before this was around $100k

[IgazI]

Made a few US30 scalps for 1%+. I think I'll be done today. As long as you don't get caught on the wrong side of a big move without a SL US30 is nice for scalping.

Large moves with small size is also a form of scalping, the only material difference is time:

$100 per 5 pips, 10, 20, or 50, is still just $100.

I have always argued that it is easier to 'scalp' $100 on large charts as the volatility, spread, fees, and R/R become increasingly better as you widen your lines.

On a small chart $100 might vanish in the blink of an eye whereas with wider lines you might lose $25, or what we would call a quarter of a 'macro pip' ($100).

If you think about what you are doing when you scale into a trade 1 + 1 + 2 you care basically just grabbing macro pips and then "turning up the speed" by narrowing the distance between lines ($100).

[vamp]

1 b/e. Should of took some points though.
1 25 point trade, had a 50 point tp just didn't hit.
NQ.
$500 towards the evaluation.

[vamp]

And after getting zero'd it would of still been a good trade short, I was just too miffef, so waited for the second trade.

[buffalo]

https://paracurve.com/2022/07/funded-tr ... links.html

decent article on funded accounts. paying a monthly fee seems a little odd but its only business I guess.

[vamp]

https://paracurve.com/2022/07/funded-trader-platforms-a-seriously-objective-dive-into-how-they-work-no-affiliate-links.html

decent article on funded accounts. paying a monthly fee seems a little odd but its only business I guess.

Thanks for the article, I've always liked Steve. I'm in the camp of, preferable to have paid $100 dollars a month and lost $1200 at the end of the year instead of $12000.
To me. This is a testament to actually executing and being consistent.

[aliassmith]

https://paracurve.com/2022/07/funded-trader-platforms-a-seriously-objective-dive-into-how-they-work-no-affiliate-links.html

decent article on funded accounts. paying a monthly fee seems a little odd but its only business I guess.

Thanks for the article, I've always liked Steve. I'm in the camp of, preferable to have paid $100 dollars a month and lost $1200 at the end of the year instead of $12000.
To me. This is a testament to actually executing and being consistent.

As the man in the article said. Better to risk $100 of your money to prove if you have what it takes than your $500k trust fund. The problem is traders are rarely as good as they think. They also feel they deserve more so they risk more on bigger prop accounts.

When it comes to funding levels, when you get paid out one time the risk is all on the prop firm no matter how they get their capital.

As I've mentioned these firms will payout. Your goal should be to create a "real" backup account to be ready when you can't take advantage of the free risk. This path eliminated the need to flip accounts to be successful.

I'm willing to give up my upside to bring my risk down to zero.

Do what the prop firm said. Make 10% a month. On a $400k account that's about $400k profit in a year.

If you can make 1% a day then trade account #1 until you make 10% then trade account #2 until you make 10%. Unless you are a swing trader then trade them simultaneously.

I know its sexier to hear someone flipping their account in a month or less.

But,

$50 and .5% a day gets you a $5000 account
Trade $5000 account to get $100,000 account
Trade $100k account to get another $100,000 account
Trade $200,000 account to get another $200,000 account
Merge them however you can .

You proved a lot if you accomplish this process. $50 flipped into $400,000 in buying power.

[aliassmith]

A few US30 scalps today for about 1%.
ATR(12) on the M5 is 27 points

[Yirbu]

https://paracurve.com/2022/07/funded-trader-platforms-a-seriously-objective-dive-into-how-they-work-no-affiliate-links.html

decent article on funded accounts. paying a monthly fee seems a little odd but its only business I guess.

Thanks for the article, I've always liked Steve. I'm in the camp of, preferable to have paid $100 dollars a month and lost $1200 at the end of the year instead of $12000.
To me. This is a testament to actually executing and being consistent.

As the man in the article said. Better to risk $100 of your money to prove if you have what it takes than your $500k trust fund. The problem is traders are rarely as good as they think. They also feel they deserve more so they risk more on bigger prop accounts.

When it comes to funding levels, when you get paid out one time the risk is all on the prop firm no matter how they get their capital.

As I've mentioned these firms will payout. Your goal should be to create a "real" backup account to be ready when you can't take advantage of the free risk. This path eliminated the need to flip accounts to be successful.

I'm willing to give up my upside to bring my risk down to zero.

Do what the prop firm said. Make 10% a month. On a $400k account that's about $400k profit in a year.

If you can make 1% a day then trade account #1 until you make 10% then trade account #2 until you make 10%. Unless you are a swing trader then trade them simultaneously.

I know its sexier to hear someone flipping their account in a month or less.

But,

$50 and .5% a day gets you a $5000 account
Trade $5000 account to get $100,000 account
Trade $100k account to get another $100,000 account
Trade $200,000 account to get another $200,000 account
Merge them however you can .

You proved a lot if you accomplish this process. $50 flipped into $400,000 in buying power.

Interesting to think about. This would be my goal eventually.
In my country it's a bit "Hmmmmmm" because if I trade a prop firm I will pay 55% taxes over my profits.
If I trade my own account I will pay 1.8% taxes. That's a big difference.

In the phase I am currently in obviously it's a non issue.
If I manage to get this challenge sorted also it's good to practice and get more experienced with as little risk as possible.

So far still I am struggling and was down nearly 7% on Tuesday. I traded it back to -4% yesterday and today I'm taking my time to reflect why I have been taking these stupid trades in the first place. I really don't know. So I need to get this sorted out first and after that trade myself out of this hole I am in.
I know I can do it because I have done it on demo before.

[aliassmith]

Thanks for the article, I've always liked Steve. I'm in the camp of, preferable to have paid $100 dollars a month and lost $1200 at the end of the year instead of $12000.
To me. This is a testament to actually executing and being consistent.

As the man in the article said. Better to risk $100 of your money to prove if you have what it takes than your $500k trust fund. The problem is traders are rarely as good as they think. They also feel they deserve more so they risk more on bigger prop accounts.

When it comes to funding levels, when you get paid out one time the risk is all on the prop firm no matter how they get their capital.

As I've mentioned these firms will payout. Your goal should be to create a "real" backup account to be ready when you can't take advantage of the free risk. This path eliminated the need to flip accounts to be successful.

I'm willing to give up my upside to bring my risk down to zero.

Do what the prop firm said. Make 10% a month. On a $400k account that's about $400k profit in a year.

If you can make 1% a day then trade account #1 until you make 10% then trade account #2 until you make 10%. Unless you are a swing trader then trade them simultaneously.

I know its sexier to hear someone flipping their account in a month or less.

But,

$50 and .5% a day gets you a $5000 account
Trade $5000 account to get $100,000 account
Trade $100k account to get another $100,000 account
Trade $200,000 account to get another $200,000 account
Merge them however you can .

You proved a lot if you accomplish this process. $50 flipped into $400,000 in buying power.

Interesting to think about. This would be my goal eventually.
In my country it's a bit "Hmmmmmm" because if I trade a prop firm I will pay 55% taxes over my profits.
If I trade my own account I will pay 1.8% taxes. That's a big difference.

In the phase I am currently in obviously it's a non issue.
If I manage to get this challenge sorted also it's good to practice and get more experienced with as little risk as possible.

So far still I am struggling and was down nearly 7% on Tuesday. I traded it back to -4% yesterday and today I'm taking my time to reflect why I have been taking these stupid trades in the first place. I really don't know. So I need to get this sorted out first and after that trade myself out of this hole I am in.
I know I can do it because I have done it on demo before.

You should be able to do it. You are trading the same demo program.

I describe a problem with trading that many people have. It has to do with your internal multiple personalities. I have one guy in there that is a trader. He knows the correct moves and money management.

There is also a bully in there. He sometimes grabs the mouse and does things because he thinks he knows better. And no matter how bad of trader he is he jumps in and messes s**t up from time to time.

The trick is learning how to keep the bully off the mouse.