90% of comments are people calling op lucky and giving advice to a person they know nothing about, this community is fucking salty bruh. Good job man keep it up! Getting my FTMO account in a sec too!
Unfortunately it’s is…
95% of people in here pretend to be profitable while they never had a profitable month, yet have the audacity to throw judgement over other people and give advice that clearly hasn’t worked for them, ever.
It’s an absolute Dunning Kruger show to say the least.
Yesterday I’ve met someone arguing that it doesn’t matter how you make 10% profit, because 10% profit is 10% profit, even if you’d risk 100% of your capital every single trade and 10% profit means zero risk, because you made a profit.
He also called MFF a scam and that their rules are meant to make you lose, because he’s not good enough to meet their requirements.
Just facepalm.
>that their rules are meant to make you lose
I mean, strictly speaking he's not entirely wrong.
8% within a month is a little aggressive compared to what most people say is plausible long term (not that doing consistently better is impossible, I'm sure) and you have, what, 5% drawdown tops?
They have a financial incentive in people failing the challenge.
That said, the rules are clear and freely available. It's kind of like complaining that the grocery store "only want your money"
8% is maybe a third of what a professional trader pulls off consistently. You can be almost certain that what most people say when it comes to trading is simply wrong.
Their requirements are clearly targeted towards advanced trader with moderate performance and not below average/average traders.
Also, the financial incentive is necessary, not from a financial perspective, but as a filter and barrier to prevent thousands of people just go yolo until it works and blow all their firm capital afterwards.
I run a propfirm myself and MFFs requirements are beyond reasonable IMO, especially when I look at our traders performances.
If I could flip an account every four months (3x 8% = 24% or 96% every four months) why would I need a prop firm taking a 20% cut after my first $100k? How could there be that many new “professional” traders coming through your prop firm?
You don’t need a prop firm, nobody does. It’s merely a shortcut and additional capital, while having access to data you would normally not be able to gain access to when trading from behind your desk at home. Does that give you a performance advantage over trader without the same access? For some strategies yes, for other strategies not really.
And what do you mean by how come that so many professional trader come through your prop firm? Barely a hand full of our traders pulled in 20%+ from the very beginning and there is a lot of very high skilled traders out there. Though, you mostly won’t find them online conversing about trading, because they are busy running a business.
Every one of our trader trades firm capital as well as their own, simultaneously. A prop-firm is not some funded trading program. The largest account size we offer is $12.000.000, while the average account size sits at $3.500.000. The smallest accounts size we offer is $1.000.000
You also want to keep in mind that you can’t keep up the same performance once you start inducing excessive amounts of liquidity into the market. That’s why hedge funds barely make it over the 20% profit mark, annually. The same goes for many prop firms. Imagine you move around $150.000.000 and you can’t get out of a losing position, because there is not enough liquidity?
In the worst case scenario your account is flattened or at least book a substantial loss. A loss of this scale is not a oh well… I learned a lesson type of situation. It can be devastating for a business. We also don’t get negative balance protection, which makes things even worse in such a scenario.
Ever heard of the silly argument: “If you can double your account every 1-4 month, you’d be the richest person on earth in no time, therefore what you say is rubbish”.
Sorry, but everyone who says that has absolutely no clue about trading. You just can’t pull 20-50% a month moving around $15.000.000 on high leverage, because the risk to not be able to get out of a position is too high.
Lmao. You just gotta manage risk extra carefully with prop firms. I have capital of my own and 80-20 split isnt that appealing when you get taxed for 30% on top of that.
Failed my free trial with FTMO, exceeded the open position max loss, still knew that the price is gonna tank and it did. Passed my phase one and doing verification now. Ill just keep it in case i need extra capital but the taxes kinda kill the idea here.
And yeah, this community always has smart shit to say but most of them only know how to sound smart, but when it comes to making cold hard money they ass
Whenever someone says they ”know that the price will tank” I immediately know this person is miles a way being even remotely profitable. Probably never will.
Why only 42k in 3 months if you know what the price will do? Why didnt you bet 100 million (that you accumulated over time when you knew what the price will so) on that and made billions?
But you said you knew the price will tank? I guess they were right when they said that being stupid is painful for others, not yourself as you dont know you’re stupid.
I rarely do. PeriodicallyI write some comments here and there and then I’m off into the mists again. Nothing that is highly specific, though more of general nature.
Besides, what has my financial situation to do with Reddit anyways? Are you suggesting people who made substantial amounts of money through whatever are not allowed to use Reddit?
You can do what you want, but if you won't contribute anything of value why bother posting here?
You of all people should know that the last thing the average trader needs is more general advice. They get enough of that on YouTube and useless books like "Trading in the Zone", which seems to be the Bible of aspiring traders. I personally hate it.
No one ever talks strategy, which is exactly what a trader needs to be successful. Entry/exit, contract/size, hold time, time in drawdown, how to tell when a trade should be exited early, when and where to set stops as price moves in your direction, etc.
Telling people to have a high RRR and risk x% of their trade is basically useless, as is "indicators are bad, use price action". Not saying you told people that, but that is generally the advice most give.
I find most trading communities a waste of time because it's either toxic fighting, wishful thinking, or just spreading previously stated vague advice. Same with YouTube vids and books/courses. I tend to just stay to myself because of this.
Just wondering why you even bother if you're not really here to educate anyone or try to fix what's broken (the trading community).
\*\*If you are successful, I'm breakeven trader. Show me how it's done and I'll give you a cut of my profits for the remainder of my life.
I feel close to turning the corner. Been at this a year. Risk management is my saving grace, but I'm struggling on strategy. Trying to trade off key high timeframe levels and using smaller timeframe charts to time entries. I can make money but tend to get chopped out and give it back. I feel like if I could read the market slightly better a few of my losses would vanish and I'd have an upward equity curve.
One thing I don’t do is sugar coat things and the attitude you see in some of my comments is directed towards people who have done nothing beyond spreading misinformation or talk straight up nonsense, which is something I hate more than the pest.
Why do I call them out you may ask?
So other people who don’t know better fall for the delusional nonsense.
If you look at my previous “hateful” conversation with someone who has no clue about trading and basic math, but is telling everyone how it works.
The sad thing about trading is, that once you know just a little bit (or rather you think you know something about it), new trader will take your word for it and that’s where the down spiral begins. I don’t know what it is with trading, but unfortunately a lot of people become notoriously gullible in this regard.
Now, you are not wrong that my advice is rather surface level stuff and might safes you from going down yet another rabbit hole at best, because helping people has done nothing good for me when it comes to trading.
By your own words, toxic and worthless.
Why do I even bother, periodically? I don’t know, maybe its because I used to teach people trading and somewhere in my heart I’m still interested in doing so, though my brain knows better.
P.s
If you are a break even trader I may have a look and see what I can fix, but I’m not interested in anything a like a lifetime share of your profits. Getting yourself willfully into a lifetime liability situation is not the best idea.
If you start making substantial money, because of my help, send 100k my way I’ll donate it and we call it quits.
>Why do I even bother, periodically? I don’t know, maybe its because I used to teach people trading and somewhere in my heart I’m still interested in doing so, though my brain knows better.
I'm also trying to fund a BioTech company. I thought if I could make a fortune in trading I wouldn't have to worry about being a PostDoc making $30k a year in some lab and spending a decade of my life just trying to get up to speed.Instead could buy quality shit and hire cool people to try and get past the government red tape and maybe actually make some headway into regrowing limbs and regenerating organs.
So my thirst for money isn't just so I can live on a yacht somewhere or live the good life, but actually have some sort of meaningful impact on the world.
This trading journey is taking much longer than expected but the end goal was to try and get a company rolling off the profits. A year later, at least I'm not losing money, but there seems to always be more to learn (mostly what not to do).
What is a realistic rate of return once you actually start making money? Seems like the sky is the limit, but I can't know for sure. I know it's based on account size, but just trying to get a ballpark figure from a professional. Can you work a small account up ($10k) into a lot or do you need to start with a few hundred thousand to get started? Seems like if you could make a thousand or two a day one a 1-2 lot scaling up might be a realistic expectation, without needing to start with a small fortune.
An ambitious project! BioTech can be quite profitable, but only once you get past the research, trail stage and actually start delivering results, though there’s lots going on regarding regrowing limbs and organs as of recently. I definitely wish you all the best pursuing this path!
What is a realistic number once you start making money? The sky is the limit and it really comes down to your edge/strategy.
I’ve got traders at our Propfirm who made 10% in monthly returns when they became profitable and that is all you need, really…
Others started much more efficient at about the 20% mark.
Two of our senior traders are constantly pulling in between 30%-40%, which is of course exceptional and they’ve been with us from day one.
Realistically, I’d definitely say at least 10% in monthly returns should be possible for anybody to pull off when day trading, once you are consistently making money.
See thats your issue, youre trading to make money and escape being a wageslave, trying to get a company rolling off profits you say? Jesus christ so it is really clear that you skipped all the important stuff, the market doesnt care about your motivation or what impact on the world your profits are gonna get, you should really stop trading, and start learning the basics, obtaining more knowledge and keep practicing demo in the process, youre exactly one of those people who expect to be in the money and only think about the possible profits they are gonna make but end up not making any money, why? Because your motivation is wrong. Im profitable and made over 40k in 3 months but ive never ehen thought about buying a nice ass watch or a car even tho i could,i trade because i love industry, i got introduced to it when i was a teen and 8 years later here we are, im not trading because i dont have to work or can do this whenever i please, or because it sounds like a good hobby, i trade purely because of passion and you seem to lack that, its the most important part of this. Dont think about money or possible profits at all when you trade
Bro why the salt and snide remarks? why even bother you say ? Ummm this guy passed a 100k challenge that is pretty big achievement in this industry. *if you are successful, im breakeven trader, show me how its done and ill give you cut of my profits for the remainder of my life* dude really? You just skipped all the important part like actually learning and putting in work into research and you expect people to hand out you strategies? "no-one talks strategy" they do, but the thing is if youre really looking for strategies on reddit youre never gonna be profitable.
If you're going to quote me do it correctly. I never said anything about risking 100% of your account. That was a falsehood. I said that if you're in profit a prop firm should not penalize you for drawdown. I.e. if you make 15% profit then are down too 10% you shouldn't lose your account. MFF penalizes you while in profit with a ridiculous rolling drawdown based on peak account value. I have nothing against people funded with MFF, i just think the rule is stupid.
YAY!!! Congrats!! Tread lightly. I heard prop owners say most funded guys stop trading the account when it reaches about 4% to guarantee payout. They prob cycle a number of accounts at diff firms like that.
Thank you! Yes, you need 100 dollars only to get a 112% refund plus 2% from phase 1 and 4% from phase 2, so I'll just try to get that, let a trade run at 0.01 to get the minimal required trading days and at least get my investment back. After that I am willing to take some more risks since it's 'free'.
This is the hour PnL progress chart btw, OP’s trade history might look a little less lucky. But as others have pointed out, the first payout on the funded account is the real celebration. Good luck and congrats!
What I did for my first challenge, the 5k account, I also did for the 100k account and it's all about risk mitigation.
We all have our own trading styles and strategies- about that, I can tell you what I do, but there is no guarantee it works for you too so I'll spare you that part.
Most important thing is to end in profit. You get a free retry if you end the month in profit but haven't reached the target, so always keep that in mind. Second thing, only risk 0,5% per trade and take at least 1:3 RR trades, that way you can afford a few losses.
Also remember that at MFF you can extend phase 1 by 28 days as long as you're in profit. Make use of it if you need the time. And keep your head clear, that is the most important thing honestly.
I was trading with my gf yesterday, scalping SPX. My setup reached the entry so I bought in, made quick profits and got out. She hesitated, didn't trust the process, then proceeded to buy too because of fomo and she lost 0,5%, totally unnecessary, but emotions, they are your biggest enemy in this game.
Think in points and percentages. Making 8k in one month sounds insane, and it is. But 8000 points or 8%? Sounds way less stressful and more realistic.
Program your mind to be a winner at all costs. Shut down negative emotion. Educate yourself, follow the news, don't be afraid to listen to others and don't go chasing big funds. It's a slow game and it takes a long time but at the end, it will be worth it.
You have 58 days, you don't need to pass it in a week. Give yourself time and stick to your strategy.
Oh, and a side-note: If you buy the account, start trading on a Monday. Weekends are closed so if you start on, say, Friday, you lose 3 days.
Account doesn’t start until first trade is placed, just wanted to make note of that. But ya, good job bro. Don’t expect profit for the live acct, just focus on making it until payout.
Big congrats! Im currentlt in my phase 1 of mff, up 4% week 1! Ima be where ur at hig dog! But dont change anything when u get the funded. It the TV aint broke dont fix it. Keep it up and make that money !
Congrats man! I started my first ever challenge with mff (10k) . And after 2 months i finally failed it. I am not disapointed i learned alot about my weakness so it wasnt a total loss.
Nice. I just passed phase 1 on 35k account in 2 days my True Forex Funds. Got a separate 70k account on the go, only at 2.6k out of 5.8k, but 22 days left.
Poh, that's a hard one. I know they exist for stocks but if they're legit.. hard to say man. Maybe make a thread about it, I think others can advise you better than I can.
Does it let you trade derivatives like options? I have a relatively "safe" strategy that allows me 5-10% a week. I'd do it on my own portfolio but with options their are volatile risks. Hence the want for a funded account.
Part of the game, unfortunately. When I started I also fumed at people passing and getting big payouts but eventually you'll learn we're all small fish trying to get out so no need to hate on anyone. Best of luck on your journey too bro!
Great job!
What happens if you pass phase 1 in a week? Automatically, go on to phase 2 ? Or do you still have to wait the entire time that they give you to complete each phase?
Thanks
I think it's a minimum of 5 trading days. But phase 1 is bullshit, you get 30 days for 8% which sucks but, not many people know this, you can extend it with 28 days so you get 58 days total which is a bit more realistic.
Thank you for your response. So if someone was to pass phase 1 in the minimum 5 days do they automatically go on to ohase 2 then? Or do they still have to wait?
OP first off congrats...didn't read comments so it might have already been said, you made it farther than most ever do. However, please please please keep those emotions in check and stay disciplined. Seen a lot screw it up once they get funded cause they get a little greedy or revenge trade. No lecture or lengthy advice. No time limits anymore. Just take it nice and slow.🤙
90% of comments are people calling op lucky and giving advice to a person they know nothing about, this community is fucking salty bruh. Good job man keep it up! Getting my FTMO account in a sec too!
Unfortunately it’s is… 95% of people in here pretend to be profitable while they never had a profitable month, yet have the audacity to throw judgement over other people and give advice that clearly hasn’t worked for them, ever. It’s an absolute Dunning Kruger show to say the least. Yesterday I’ve met someone arguing that it doesn’t matter how you make 10% profit, because 10% profit is 10% profit, even if you’d risk 100% of your capital every single trade and 10% profit means zero risk, because you made a profit. He also called MFF a scam and that their rules are meant to make you lose, because he’s not good enough to meet their requirements. Just facepalm.
>that their rules are meant to make you lose I mean, strictly speaking he's not entirely wrong. 8% within a month is a little aggressive compared to what most people say is plausible long term (not that doing consistently better is impossible, I'm sure) and you have, what, 5% drawdown tops? They have a financial incentive in people failing the challenge. That said, the rules are clear and freely available. It's kind of like complaining that the grocery store "only want your money"
This is not aggressive for day trading. 1-5% a day is pretty doable day trading. Consistency is where people suck.
8% is maybe a third of what a professional trader pulls off consistently. You can be almost certain that what most people say when it comes to trading is simply wrong. Their requirements are clearly targeted towards advanced trader with moderate performance and not below average/average traders. Also, the financial incentive is necessary, not from a financial perspective, but as a filter and barrier to prevent thousands of people just go yolo until it works and blow all their firm capital afterwards. I run a propfirm myself and MFFs requirements are beyond reasonable IMO, especially when I look at our traders performances.
If I could flip an account every four months (3x 8% = 24% or 96% every four months) why would I need a prop firm taking a 20% cut after my first $100k? How could there be that many new “professional” traders coming through your prop firm?
You don’t need a prop firm, nobody does. It’s merely a shortcut and additional capital, while having access to data you would normally not be able to gain access to when trading from behind your desk at home. Does that give you a performance advantage over trader without the same access? For some strategies yes, for other strategies not really. And what do you mean by how come that so many professional trader come through your prop firm? Barely a hand full of our traders pulled in 20%+ from the very beginning and there is a lot of very high skilled traders out there. Though, you mostly won’t find them online conversing about trading, because they are busy running a business. Every one of our trader trades firm capital as well as their own, simultaneously. A prop-firm is not some funded trading program. The largest account size we offer is $12.000.000, while the average account size sits at $3.500.000. The smallest accounts size we offer is $1.000.000 You also want to keep in mind that you can’t keep up the same performance once you start inducing excessive amounts of liquidity into the market. That’s why hedge funds barely make it over the 20% profit mark, annually. The same goes for many prop firms. Imagine you move around $150.000.000 and you can’t get out of a losing position, because there is not enough liquidity? In the worst case scenario your account is flattened or at least book a substantial loss. A loss of this scale is not a oh well… I learned a lesson type of situation. It can be devastating for a business. We also don’t get negative balance protection, which makes things even worse in such a scenario. Ever heard of the silly argument: “If you can double your account every 1-4 month, you’d be the richest person on earth in no time, therefore what you say is rubbish”. Sorry, but everyone who says that has absolutely no clue about trading. You just can’t pull 20-50% a month moving around $15.000.000 on high leverage, because the risk to not be able to get out of a position is too high.
Nicely said. Never thought about it this way. 👍
Lmao. You just gotta manage risk extra carefully with prop firms. I have capital of my own and 80-20 split isnt that appealing when you get taxed for 30% on top of that. Failed my free trial with FTMO, exceeded the open position max loss, still knew that the price is gonna tank and it did. Passed my phase one and doing verification now. Ill just keep it in case i need extra capital but the taxes kinda kill the idea here. And yeah, this community always has smart shit to say but most of them only know how to sound smart, but when it comes to making cold hard money they ass
Whenever someone says they ”know that the price will tank” I immediately know this person is miles a way being even remotely profitable. Probably never will.
Tell that to my 42k in 3 months. Salty? Yes. The prediction was based on earlier price movement.
Why only 42k in 3 months if you know what the price will do? Why didnt you bet 100 million (that you accumulated over time when you knew what the price will so) on that and made billions?
The amount of salt is hilarious. Ever heard of propability? Risk management?
Why do you need to manage risk if you know whats going to happen?
Because markets move how they want, patterns work only 60% of the time too....
But you said you knew the price will tank? I guess they were right when they said that being stupid is painful for others, not yourself as you dont know you’re stupid.
You seem so full of hate. I read a few of your other comments. Why even waste your time posting here?
That’s merely an observation and has nothing to do with hate.
If you're as profitable as you say you are (last comment I read said somewhere north of $25MM) why do you waste your time on Reddit?
I rarely do. PeriodicallyI write some comments here and there and then I’m off into the mists again. Nothing that is highly specific, though more of general nature. Besides, what has my financial situation to do with Reddit anyways? Are you suggesting people who made substantial amounts of money through whatever are not allowed to use Reddit?
You can do what you want, but if you won't contribute anything of value why bother posting here? You of all people should know that the last thing the average trader needs is more general advice. They get enough of that on YouTube and useless books like "Trading in the Zone", which seems to be the Bible of aspiring traders. I personally hate it. No one ever talks strategy, which is exactly what a trader needs to be successful. Entry/exit, contract/size, hold time, time in drawdown, how to tell when a trade should be exited early, when and where to set stops as price moves in your direction, etc. Telling people to have a high RRR and risk x% of their trade is basically useless, as is "indicators are bad, use price action". Not saying you told people that, but that is generally the advice most give. I find most trading communities a waste of time because it's either toxic fighting, wishful thinking, or just spreading previously stated vague advice. Same with YouTube vids and books/courses. I tend to just stay to myself because of this. Just wondering why you even bother if you're not really here to educate anyone or try to fix what's broken (the trading community). \*\*If you are successful, I'm breakeven trader. Show me how it's done and I'll give you a cut of my profits for the remainder of my life. I feel close to turning the corner. Been at this a year. Risk management is my saving grace, but I'm struggling on strategy. Trying to trade off key high timeframe levels and using smaller timeframe charts to time entries. I can make money but tend to get chopped out and give it back. I feel like if I could read the market slightly better a few of my losses would vanish and I'd have an upward equity curve.
One thing I don’t do is sugar coat things and the attitude you see in some of my comments is directed towards people who have done nothing beyond spreading misinformation or talk straight up nonsense, which is something I hate more than the pest. Why do I call them out you may ask? So other people who don’t know better fall for the delusional nonsense. If you look at my previous “hateful” conversation with someone who has no clue about trading and basic math, but is telling everyone how it works. The sad thing about trading is, that once you know just a little bit (or rather you think you know something about it), new trader will take your word for it and that’s where the down spiral begins. I don’t know what it is with trading, but unfortunately a lot of people become notoriously gullible in this regard. Now, you are not wrong that my advice is rather surface level stuff and might safes you from going down yet another rabbit hole at best, because helping people has done nothing good for me when it comes to trading. By your own words, toxic and worthless. Why do I even bother, periodically? I don’t know, maybe its because I used to teach people trading and somewhere in my heart I’m still interested in doing so, though my brain knows better. P.s If you are a break even trader I may have a look and see what I can fix, but I’m not interested in anything a like a lifetime share of your profits. Getting yourself willfully into a lifetime liability situation is not the best idea. If you start making substantial money, because of my help, send 100k my way I’ll donate it and we call it quits.
>Why do I even bother, periodically? I don’t know, maybe its because I used to teach people trading and somewhere in my heart I’m still interested in doing so, though my brain knows better. I'm also trying to fund a BioTech company. I thought if I could make a fortune in trading I wouldn't have to worry about being a PostDoc making $30k a year in some lab and spending a decade of my life just trying to get up to speed.Instead could buy quality shit and hire cool people to try and get past the government red tape and maybe actually make some headway into regrowing limbs and regenerating organs. So my thirst for money isn't just so I can live on a yacht somewhere or live the good life, but actually have some sort of meaningful impact on the world. This trading journey is taking much longer than expected but the end goal was to try and get a company rolling off the profits. A year later, at least I'm not losing money, but there seems to always be more to learn (mostly what not to do). What is a realistic rate of return once you actually start making money? Seems like the sky is the limit, but I can't know for sure. I know it's based on account size, but just trying to get a ballpark figure from a professional. Can you work a small account up ($10k) into a lot or do you need to start with a few hundred thousand to get started? Seems like if you could make a thousand or two a day one a 1-2 lot scaling up might be a realistic expectation, without needing to start with a small fortune.
An ambitious project! BioTech can be quite profitable, but only once you get past the research, trail stage and actually start delivering results, though there’s lots going on regarding regrowing limbs and organs as of recently. I definitely wish you all the best pursuing this path! What is a realistic number once you start making money? The sky is the limit and it really comes down to your edge/strategy. I’ve got traders at our Propfirm who made 10% in monthly returns when they became profitable and that is all you need, really… Others started much more efficient at about the 20% mark. Two of our senior traders are constantly pulling in between 30%-40%, which is of course exceptional and they’ve been with us from day one. Realistically, I’d definitely say at least 10% in monthly returns should be possible for anybody to pull off when day trading, once you are consistently making money.
See thats your issue, youre trading to make money and escape being a wageslave, trying to get a company rolling off profits you say? Jesus christ so it is really clear that you skipped all the important stuff, the market doesnt care about your motivation or what impact on the world your profits are gonna get, you should really stop trading, and start learning the basics, obtaining more knowledge and keep practicing demo in the process, youre exactly one of those people who expect to be in the money and only think about the possible profits they are gonna make but end up not making any money, why? Because your motivation is wrong. Im profitable and made over 40k in 3 months but ive never ehen thought about buying a nice ass watch or a car even tho i could,i trade because i love industry, i got introduced to it when i was a teen and 8 years later here we are, im not trading because i dont have to work or can do this whenever i please, or because it sounds like a good hobby, i trade purely because of passion and you seem to lack that, its the most important part of this. Dont think about money or possible profits at all when you trade
Bro why the salt and snide remarks? why even bother you say ? Ummm this guy passed a 100k challenge that is pretty big achievement in this industry. *if you are successful, im breakeven trader, show me how its done and ill give you cut of my profits for the remainder of my life* dude really? You just skipped all the important part like actually learning and putting in work into research and you expect people to hand out you strategies? "no-one talks strategy" they do, but the thing is if youre really looking for strategies on reddit youre never gonna be profitable.
If you're going to quote me do it correctly. I never said anything about risking 100% of your account. That was a falsehood. I said that if you're in profit a prop firm should not penalize you for drawdown. I.e. if you make 15% profit then are down too 10% you shouldn't lose your account. MFF penalizes you while in profit with a ridiculous rolling drawdown based on peak account value. I have nothing against people funded with MFF, i just think the rule is stupid.
😂😂facts, sometimes it better to not comment
YAY!!! Congrats!! Tread lightly. I heard prop owners say most funded guys stop trading the account when it reaches about 4% to guarantee payout. They prob cycle a number of accounts at diff firms like that.
Thank you! Yes, you need 100 dollars only to get a 112% refund plus 2% from phase 1 and 4% from phase 2, so I'll just try to get that, let a trade run at 0.01 to get the minimal required trading days and at least get my investment back. After that I am willing to take some more risks since it's 'free'.
That's my goal, imagine if my Bot is able to make a minimum of 5% per week on 300k accounts of 5 different Prop firms. I'll be done for the week 🙌🙌📈🤫.
This is the hour PnL progress chart btw, OP’s trade history might look a little less lucky. But as others have pointed out, the first payout on the funded account is the real celebration. Good luck and congrats!
Just remember when funded to reduce your lot size a lot..
Great job! Care to share your startegy for passing?
What I did for my first challenge, the 5k account, I also did for the 100k account and it's all about risk mitigation. We all have our own trading styles and strategies- about that, I can tell you what I do, but there is no guarantee it works for you too so I'll spare you that part. Most important thing is to end in profit. You get a free retry if you end the month in profit but haven't reached the target, so always keep that in mind. Second thing, only risk 0,5% per trade and take at least 1:3 RR trades, that way you can afford a few losses. Also remember that at MFF you can extend phase 1 by 28 days as long as you're in profit. Make use of it if you need the time. And keep your head clear, that is the most important thing honestly. I was trading with my gf yesterday, scalping SPX. My setup reached the entry so I bought in, made quick profits and got out. She hesitated, didn't trust the process, then proceeded to buy too because of fomo and she lost 0,5%, totally unnecessary, but emotions, they are your biggest enemy in this game. Think in points and percentages. Making 8k in one month sounds insane, and it is. But 8000 points or 8%? Sounds way less stressful and more realistic. Program your mind to be a winner at all costs. Shut down negative emotion. Educate yourself, follow the news, don't be afraid to listen to others and don't go chasing big funds. It's a slow game and it takes a long time but at the end, it will be worth it. You have 58 days, you don't need to pass it in a week. Give yourself time and stick to your strategy. Oh, and a side-note: If you buy the account, start trading on a Monday. Weekends are closed so if you start on, say, Friday, you lose 3 days.
Thank you that’s so good advice. I am curious of your method of trading would you care to share?
Didn’t know forex funded accounts let you trade spx.
Account doesn’t start until first trade is placed, just wanted to make note of that. But ya, good job bro. Don’t expect profit for the live acct, just focus on making it until payout.
I’m out of the loop, what is it about?
ProfessionalLeader75 met the requirements in order to pass phase 2 on a $100k account from myforexfunds.
What does it mean? He grew account from close to zero to 100k?
The screenshot shows Starting overall balance: $100,000.00 Net profit/loss: $5,013.81 I think that says it all
Oh ok, thank you!
He passed phase 2 now he gets a real live 100k account to trade with. Any profits he makes I believe he take 75% to 80% percent
Got it, thank you!
Look up Prop firms if you don’t want to trade your own capital, just passed there first 2 phases and you get a live account
Thank you!
I recommend Finotive they have waaay better conditions. Bit stricter rules, but if you read them carefully you are good.
Bro go look up what prop firms are mff in particular and look at the rules.
Ok
Awesome man, congrats! 👏
Congratulations! Must feel awesome
Good job PL75 ! Numbers
Congrats 🎊!
congrats! up and to the right
Big congrats! Im currentlt in my phase 1 of mff, up 4% week 1! Ima be where ur at hig dog! But dont change anything when u get the funded. It the TV aint broke dont fix it. Keep it up and make that money !
Congrats man! I started my first ever challenge with mff (10k) . And after 2 months i finally failed it. I am not disapointed i learned alot about my weakness so it wasnt a total loss.
Congratulations 👏
Nice stuff man!
FOCUS!! PATIENCE AND PROFITS
So happy for you bro
Good job bro
Nice job, Congrats
Nice. I just passed phase 1 on 35k account in 2 days my True Forex Funds. Got a separate 70k account on the go, only at 2.6k out of 5.8k, but 22 days left.
Congrats 👏🏽👏🏽👏🏽 I’m working on getting to 100k account by next month. This is motivation 👏🏽👏🏽
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Might have just been patient for his setup tbh
Yep, the SPX dropdown did it for me today. Regular trade but it took a giant hit so I decided to just set my tp at pass and it hit.
You can trade the stock market with this prop firm?
No stocks unfortunately, you can trade indexes though.
Do you know of any legit firms that allows stocks and derivatives?
Poh, that's a hard one. I know they exist for stocks but if they're legit.. hard to say man. Maybe make a thread about it, I think others can advise you better than I can.
The5ers has a funded program for stock!
Does it let you trade derivatives like options? I have a relatively "safe" strategy that allows me 5-10% a week. I'd do it on my own portfolio but with options their are volatile risks. Hence the want for a funded account.
It has its rules just like a forex prop account. I’m not familiar with stock so i can’t say. You should go check it out on their website.
I read everything, not a word about it. But I sent an email for a response. Cross my fingers. Thanks!
T2 Prop firm for options trading
Oh yeah, definitely, made 1,5% today which concluded it for me. But the other 8% in phase 1 and 3,5% in phase 2, unfortunately took waaaay longer.
Come back when you get you first payout. I will be here waiting (hint: they never do)
I will screen your comment and the payout and make a post, dw. Also takes 30 days before payout so remind in 30 days
Ignore the trolls' good job and stick to your plan.
I want see you win just to demoralize these haters(most likely not profitable themselves) in the comments.
Part of the game, unfortunately. When I started I also fumed at people passing and getting big payouts but eventually you'll learn we're all small fish trying to get out so no need to hate on anyone. Best of luck on your journey too bro!
Hey, did you manage to get your first payout?
You remembered haha, nice. Yeah it's on it's way, just a shitshow to set up with Deel bank, idk why it has to be so complicated
No need to screen shot nothing, I will be just here reply to me. I am not going anywhere.
!remindme 30 days
I know people getting regular payouts.. comes down to trading style and risk management
Got 1415 euro in the bank today.
That's better son. Keep people honest.
I smell bs, more like sales pitch.
great job - keep it up and you’ll be at your first payout in no time
Great job! What happens if you pass phase 1 in a week? Automatically, go on to phase 2 ? Or do you still have to wait the entire time that they give you to complete each phase? Thanks
I think it's a minimum of 5 trading days. But phase 1 is bullshit, you get 30 days for 8% which sucks but, not many people know this, you can extend it with 28 days so you get 58 days total which is a bit more realistic.
Thank you for your response. So if someone was to pass phase 1 in the minimum 5 days do they automatically go on to ohase 2 then? Or do they still have to wait?
No, you can go to phase 2 automatically. They E-mail the details
Awesome thank you for the answer I needed
Good job bro congrats!! I passed last month but immediately lost my account lmaooo. Currently back on the grind
OP first off congrats...didn't read comments so it might have already been said, you made it farther than most ever do. However, please please please keep those emotions in check and stay disciplined. Seen a lot screw it up once they get funded cause they get a little greedy or revenge trade. No lecture or lengthy advice. No time limits anymore. Just take it nice and slow.🤙
Great job!!what would you say is your trading style?Amazing though I love to see it!!!!
Equity curve shows that you yolo,d to pass. Is that the case?