Personally, I would use the prop firm and once passed, I would take the funds to fund my own account to where eventually your not dependent on the firm for the payouts
Almost close to blowing an account up today, got chopped up today and yesterday. What you said is my plan, but I've discovered that I really need to be careful not to be so eager and egotistic once I see that profit withdrawal hit or else it'll never happen
Prop firms all day. Obviously once profitable and following your plan. You can’t beat it though you can trade multiple accounts with a trade copier and try for 2-3% a week. That’s 8-11% a month let’s say on a 200k-400k account. More than enough to pay bills and compound then go full time one day.
It's for anyone who wants to risk as little as possible period. It's for beginners and pros. It's for people with not much money or people who are millionaires.
@@somber8233Most millionaires aren't using them. If they do there's usually an incitive. At that point they've been profitable and have enough to keep scaling or capitalizing from.
Yeah but think of it vice versa. You only getting 80% after you pass phases. Unless you have an instant one. And the personal account they'll withdrawal that whole stack right away 😂😂😂
Some firms are 90% profit split and the first 10-25k of profits are 100%, also some prop firms allow you to simultaneously trade multiple accounts at once. $1000 in profits on 5 accounts is now $5000 total
"Only" So the guy losing a 1,000 is down 1,000, that same guy gains 2,000 and his total profit is 1,000 over the month. The guy losing his prop firm's 1,000 is his 50 but if he gains 2,000 and that's his 1,550 profit for the month. Guy A initial risk $1,000 Guy B intial risk $50 Guy A end profit $1,000 Guy B end profit $1,550 Okay. I thought about it vice versa with math.
After selling a couple homes in 2022, I'm anticipating a housing crisis in order to buy inexpensively. As a backup plan, I've been thinking about purchasing stocks. What recommendations do you have for the best time to buy? On the one hand, I keep reading and seeing trader earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?...
I started trading a year and a half ago and it seems like I've started hearing more about prop firms in the last few months. I don't yet understand why a good trader would trade with a prop firm. I thought the whole reason traders became traders was for freedom - to not have to work for anyone anymore.
People don’t become traders from freedom!?! If you want that go sell all your stuff and live free. People become traders to make money. Prop firms can help educate and allow you to trade with much larger capital than you have, especially if you need your money for expenses? Most people trade with money they need. What’s the harm you learn and they take 10 maybe 20 percent? The only harm is your stubborn and fail to learn and pass the testing period. If not then dude it’s a sweat gig.
@@joncruz92 You missed where I said, "good traders"... meaning people who have already learned, know what they are doing now, and don't need anyone else's money to trade. I can understand that newer traders are doing it to learn so you've answered my question. I disagree with you that people don't become traders for freedom though (of course, to make money too). When I first started learning, all I heard about was how much people wanted freedom from jobs, etc. and it was why I learned too. I know how to trade now so I don't want to trade anyone else's money. If I were just starting out today, I would consider a prop firm but I never heard of them when I first started learning.
@@allthingsnu4673 It really depends on the person. I know some experienced and tenured traders at some big prop firms trading with millions in capital. I also trade with prop full time and it’s really not a bad deal I mean you get to be with other like minded people and if you love trading as much as I do it doesn’t feel like a job to me. So, it just depends on your needs and wants. But if you want to be full time into this prop is the way to go trust me. Sometimes you can get into hedge funds by showing your prop reports and stuff. I wouldn’t mind working at citadel lol. But no I hate them lol
@@joncruz92 This is all very new to me! It's nice to have this as an option if you want to learn more or just be around other traders... it makes sense now.
Yes that's good. It forces you to improve and learn risk management. If you risk only 0.25% of ur account per trade them it's gonna take u I think 40 bad trades to mess up, except ur cursed i don't see you doing 40 clean bad trades. So yh just apply proper risk management
How many challenges u go thru to get an 100k account which isn’t acc like having a 100k account bc of drawdown rules and daily loss rules. Ive prop traded in the past its shit its better to compound when you hit 25k or 15k risk 2.5% of the account size or take the 15 or 25k and invest it into something then try compound again whilst waiting for ur roi.
Prop firms are not for every trader. I have done both personal accounts a prop. All my payouts on prop were cool but if you got 100k you really only got a 10k account because you can only lose 10k and its over so you might as well build your account to 10k if you can actually trade or win and feed a live account
Starting to think the same thing trading directly without the extra layera firm instills seems smart to me. FunderPro really $#&#d me. So done with thebullshit and my favorite two traders who are provably wealtht and from trading both don't like prop firms. Fk B-booking and stop hunting.
@@Bawkr Oh yeah bro. That's why some of us traders don't use stops. Even with brokers. Or we'll let the trade run and then put the stop later once price moves some. You'll get what I mean the next time you see a trade. And you won't get stop hunted anymore. Yep been there lol
Ok but you’re down $50 times how many resets and I’m down zero for the same number of resets. It’s on me to analyze my mistakes in either case. I don’t think $50 is going to make me any more attentive or analytical that zero cost would be. Virtual prop won’t give the discipline you have to develop that on your own!
Yah everyone is different, I know when I’m on sim I’ll stray away from rules since there’s nothing stopping me but when I know I lose all the time I put into hitting the profit target and have to pay and spend more time, I trade more restricted, which is what I would do anyway on my own account. Emotions Change always when you go from sim to real money no matter how disciplined you have been on paper. Seen it tons of times with traders making the transition.
Hi m8, once you go live does the max loss limit trigger you out of your account? And then you’d have to pass the 1 step again and they will find you again? How many times can the same firm fund you? Thanks!
What’s the best U.S. Broker and trade platform? I want to get started. No prop firm. Personal account. Idk what happened with Hugosway and MT4. I like MT4 but can’t find a US broker.
I’ve found prop firms just take too much. For example, profit target. Let’s say you got a 10k account. You have to make 1k to pass, ok cool. Lets say first week of trading you make 500 dollars, well guess what if you do that same thing and take the money you paid for the challenge and put it in your own account you could’ve made the same vs paying to trade a demo and for a chance at an account. It’s a mental thing. Trading is easier with no profit targets and when you can withdraw earnings immediately.
For the peoples whinnig and using the fact of the 5% daily drawdown and 10% max drawdown rule i think y'all need to go and learn risk management. Yes that's good It forces you to improve and learn risk management. If you risk only 0.25% of ur account per trade then it's gonna take u I think 40 bad trades to mess up, except ur cursed i don't see you doing 40 clean bad trades. So yh just apply proper risk management
That is actually a good thing and most people like you don't see it because it literally forces you to be wise with your money. If you are an experienced trader that has discipline this doesn't Faze you because you will always be managing your risk properly at all times and that will make you better as a trader. The market gives you so many opportunities and the main thing that prop firms preach is extremely disciplined risk management sharpening that skill to a point.
Learn risk management buddy, risking 0.25% of ur account will take u 40 bad trades to blow ur account. Except ur cursed I don't see any one doing 40 straight bad trades
@@samricher any. A 50 point trade on the Nasdaq is $1,000. Using only 1 futures contract. The Nasdaq moved up 150 points from low to high to day for example.
@@JonWatkins I trade spx options. I may try future prop firm soon but I’ve heard they hook you in and don’t let you withdraw. And also they have trailing drawdowns on the balance. That is just bs if you are letting your winners run and come back to break even you can lose the account. How is your experience with prop firms so far?
Where these prop firms got all this infinite money? If I lose $1000, I lose $50 fee. Who is taking the remaining $950 loss. 10000 people losing account and thats 9.5 million dollar loss. Whose money is this?
Ok so when you pay the $50, the next stage is for you to pass their tests. So when lets say 1000 people pay, thats $50K, then only 100 pass. The 100 traders have a daily limit in which they can use and they cannot loose a certain percentage of their daily limit otherwise they are kicked out of the program.
Great content in your channel, I’m 53 and my wife and I reached $1M net worth in 2017, five years later it’s $2.4M. Our yearly salary is a little over $100K. We drive older cars, cook at home, eat leftovers, and have 2 in college. We saved for college and our boys help by working. They will graduate debt free.
Where these prop firms got all this infinite money? If I lose $1000, I lose $50 fee. Who is taking the remaining $950 loss. 10000 people losing account and thats 9.5 million dollar loss. Whose money is this?
But i took a chance on blowing 1000 with a stupid trade …you took a chance on blowing 100$ and spent 100$ (((50$ to buy challenge 50$ to buy agin after failing assuming you bought a 1k challenge because that’s the only challenge costing 50$$)))))thinking you had 1000$ lol. It’s the same bro.
Nice video here, With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on How to profit from the present market" will be more effective, I mean I've heard of people making upto $350K within few months and I'd like to know how.....
Honestly no one talks about the focus level this is exactly the mind set that will never make you aucesful in trading Bec you going to think it’s only 50 dollers I blew up the account oh well but with your own money you will think a hundred times before you place that trade and that’s what that matters
@@JonWatkins so let me get this straight, once you pass the challenge and get the funded account and after that if you hit the maximum drawdown you just pay them the reset fee and you can trade the live account again. Correct
If you’re in the live account you’d have to go back to the eval typically and go from there again. If you’re in the eval you just reset and restart the eval.
Seems like people on here don’t understand risk management… brilliant breakdown
Personally, I would use the prop firm and once passed, I would take the funds to fund my own account to where eventually your not dependent on the firm for the payouts
thats the right way
Almost close to blowing an account up today, got chopped up today and yesterday. What you said is my plan, but I've discovered that I really need to be careful not to be so eager and egotistic once I see that profit withdrawal hit or else it'll never happen
Why would they allow you to take it to your personal account it’s not your money jackasssss
Prop firms all day. Obviously once profitable and following your plan. You can’t beat it though you can trade multiple accounts with a trade copier and try for 2-3% a week. That’s 8-11% a month let’s say on a 200k-400k account. More than enough to pay bills and compound then go full time one day.
Great! So what's your total payout to date?
Which app for copy trading ?
@@banginzazaI bet it’s $0😂
@@jessie_ortega8095 Man I really hope not. Lol
I really wish people the best. I'm about to try again because low leverage sucks sometimes.
Copy trading are for personal accounts, reason they share their personal links. 😅
Prop firms are for beginner traders generally and also for traders who don’t have much money to trade , it’s a great deal NGL
Exactly
It's for anyone who wants to risk as little as possible period. It's for beginners and pros. It's for people with not much money or people who are millionaires.
Great statement
@@somber8233Most millionaires aren't using them. If they do there's usually an incitive. At that point they've been profitable and have enough to keep scaling or capitalizing from.
@@banginzazathis is amazing for that if you have no time to trade and want them to do the work.
Spot on 🤝
Yeah but think of it vice versa. You only getting 80% after you pass phases. Unless you have an instant one. And the personal account they'll withdrawal that whole stack right away 😂😂😂
Some firms are 90% profit split and the first 10-25k of profits are 100%, also some prop firms allow you to simultaneously trade multiple accounts at once. $1000 in profits on 5 accounts is now $5000 total
The qualification only like 100dollar bro
"Only" So the guy losing a 1,000 is down 1,000, that same guy gains 2,000 and his total profit is 1,000 over the month.
The guy losing his prop firm's 1,000 is his 50 but if he gains 2,000 and that's his 1,550 profit for the month.
Guy A initial risk $1,000
Guy B intial risk $50
Guy A end profit $1,000
Guy B end profit $1,550
Okay. I thought about it vice versa with math.
@@somber8233 solid
@@somber8233Great. Now you see how you can make money at will doing it on your own. Thanks for validating my point. Lol
How much do prop traders usually make?
Down $1000
You’re down 50 and a month of not being paid because you have to redo the evaluation process lmfao…
U mean 8 days not month
You have to be the dumbest person on earth
After selling a couple homes in 2022, I'm anticipating a housing crisis in order to buy inexpensively. As a backup plan, I've been thinking about purchasing stocks. What recommendations do you have for the best time to buy? On the one hand, I keep reading and seeing trader earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?...
I started trading a year and a half ago and it seems like I've started hearing more about prop firms in the last few months. I don't yet understand why a good trader would trade with a prop firm. I thought the whole reason traders became traders was for freedom - to not have to work for anyone anymore.
People don’t become traders from freedom!?! If you want that go sell all your stuff and live free. People become traders to make money. Prop firms can help educate and allow you to trade with much larger capital than you have, especially if you need your money for expenses? Most people trade with money they need. What’s the harm you learn and they take 10 maybe 20 percent? The only harm is your stubborn and fail to learn and pass the testing period. If not then dude it’s a sweat gig.
@@joncruz92 You missed where I said, "good traders"... meaning people who have already learned, know what they are doing now, and don't need anyone else's money to trade. I can understand that newer traders are doing it to learn so you've answered my question. I disagree with you that people don't become traders for freedom though (of course, to make money too). When I first started learning, all I heard about was how much people wanted freedom from jobs, etc. and it was why I learned too. I know how to trade now so I don't want to trade anyone else's money. If I were just starting out today, I would consider a prop firm but I never heard of them when I first started learning.
@@allthingsnu4673 It really depends on the person. I know some experienced and tenured traders at some big prop firms trading with millions in capital. I also trade with prop full time and it’s really not a bad deal I mean you get to be with other like minded people and if you love trading as much as I do it doesn’t feel like a job to me. So, it just depends on your needs and wants. But if you want to be full time into this prop is the way to go trust me. Sometimes you can get into hedge funds by showing your prop reports and stuff. I wouldn’t mind working at citadel lol. But no I hate them lol
@@joncruz92 This is all very new to me! It's nice to have this as an option if you want to learn more or just be around other traders... it makes sense now.
Facts! And when you grow a small account don't put it on the net because people will hate.
You're wrong it's based on percentages and account size
5% daily drawdown
Yes that's good. It forces you to improve and learn risk management. If you risk only 0.25% of ur account per trade them it's gonna take u I think 40 bad trades to mess up, except ur cursed i don't see you doing 40 clean bad trades. So yh just apply proper risk management
How many challenges u go thru to get an 100k account which isn’t acc like having a 100k account bc of drawdown rules and daily loss rules. Ive prop traded in the past its shit its better to compound when you hit 25k or 15k risk 2.5% of the account size or take the 15 or 25k and invest it into something then try compound again whilst waiting for ur roi.
So what’s the scam
💯
Prop firms are not for every trader. I have done both personal accounts a prop. All my payouts on prop were cool but if you got 100k you really only got a 10k account because you can only lose 10k and its over so you might as well build your account to 10k if you can actually trade or win and feed a live account
Thank you! Agreed!
Starting to think the same thing trading directly without the extra layera firm instills seems smart to me. FunderPro really $#&#d me. So done with thebullshit and my favorite two traders who are provably wealtht and from trading both don't like prop firms. Fk B-booking and stop hunting.
@@Bawkr Oh yeah bro. That's why some of us traders don't use stops. Even with brokers. Or we'll let the trade run and then put the stop later once price moves some. You'll get what I mean the next time you see a trade. And you won't get stop hunted anymore. Yep been there lol
Well even on a personal account you should never really be down 10%. If you are down 10% then you should fix your risk management .
@@cashcaleb1873 Yeah! Go tell a professional that. Who has been profitable for years. Because it happens young guy. Lol
Ok but you’re down $50 times how many resets and I’m down zero for the same number of resets. It’s on me to analyze my mistakes in either case. I don’t think $50 is going to make me any more attentive or analytical that zero cost would be. Virtual prop won’t give the discipline you have to develop that on your own!
Yah everyone is different, I know when I’m on sim I’ll stray away from rules since there’s nothing stopping me but when I know I lose all the time I put into hitting the profit target and have to pay and spend more time, I trade more restricted, which is what I would do anyway on my own account. Emotions Change always when you go from sim to real money no matter how disciplined you have been on paper. Seen it tons of times with traders making the transition.
Hi m8, once you go live does the max loss limit trigger you out of your account? And then you’d have to pass the 1 step again and they will find you again? How many times can the same firm fund you? Thanks!
What’s the best U.S. Broker and trade platform? I want to get started. No prop firm. Personal account. Idk what happened with Hugosway and MT4. I like MT4 but can’t find a US broker.
For futures use Tradovate
dibil?
you can only have a 5% max draw down tho that equals 5% lol
What prop firms you recommend??!
Top step, Trade Day, Purdia and Apex.
Going to make a 2024 vid on these soon but those are the most legit I know of right now.
What prop form do your suggest for a beginner trader
myforexfunds
“My Forex fund”
@@wisdomekeh08 yup also found Smart Prop Trader which I like has no minimum trading days
Yup found smart prop trader I like them so far lol passed two 10k challenges so far
None. Don't trade a funded account if you haven't been profitable for atleast 1year
100%
It’s not like that prop firms is meant to screw you and not payout the money you gained if you are in profits if you failed the objectives
I’ve found prop firms just take too much. For example, profit target. Let’s say you got a 10k account. You have to make 1k to pass, ok cool.
Lets say first week of trading you make 500 dollars, well guess what if you do that same thing and take the money you paid for the challenge and put it in your own account you could’ve made the same vs paying to trade a demo and for a chance at an account.
It’s a mental thing. Trading is easier with no profit targets and when you can withdraw earnings immediately.
For the peoples whinnig and using the fact of the 5% daily drawdown and 10% max drawdown rule i think y'all need to go and learn risk management. Yes that's good It forces you to improve and learn risk management. If you risk only 0.25% of ur account per trade then it's gonna take u I think 40 bad trades to mess up, except ur cursed i don't see you doing 40 clean bad trades. So yh just apply proper risk management
How you're expecting to reach profit target by risking only 0.25% capital?
Yeah you pay forefund for 50$ they give you 5k but guess what you are trading with 250$ only 5%
If you lose 5%(250$) you done pay again
That is actually a good thing and most people like you don't see it because it literally forces you to be wise with your money. If you are an experienced trader that has discipline this doesn't Faze you because you will always be managing your risk properly at all times and that will make you better as a trader. The market gives you so many opportunities and the main thing that prop firms preach is extremely disciplined risk management sharpening that skill to a point.
@@Gottalovetigers i agree with you now after making progress in trading i start releasing that prop firm are huge help for us
Learn risk management buddy, risking 0.25% of ur account will take u 40 bad trades to blow ur account. Except ur cursed I don't see any one doing 40 straight bad trades
What prop firm is great to start off with?
But if i make 1000 dollars on my account its all mine and wont split with the firm
If I make a $1000 I keep $900. And I’ve risked maybe 10% of that
Right! With no rules but your own. Lol
@@JonWatkins on what account size will you make a $1000?
@@samricher any. A 50 point trade on the Nasdaq is $1,000. Using only 1 futures contract. The Nasdaq moved up 150 points from low to high to day for example.
@@JonWatkins I trade spx options. I may try future prop firm soon but I’ve heard they hook you in and don’t let you withdraw. And also they have trailing drawdowns on the balance. That is just bs if you are letting your winners run and come back to break even you can lose the account. How is your experience with prop firms so far?
Nooooo. I used a demo account as well. So, your down $50. I'm down $0
But when he is up $1000 he is getting $800 & when u are up $10,000 u are still getting $0
Prop accounts are like semi-demo accounts, you just don’t feel the pain of losing your money hence you’ll grow your skill slower.
they're demo accounts. you never trade the real money, even once youre funded
Where these prop firms got all this infinite money? If I lose $1000, I lose $50 fee. Who is taking the remaining $950 loss.
10000 people losing account and thats 9.5 million dollar loss. Whose money is this?
Ok so when you pay the $50, the next stage is for you to pass their tests. So when lets say 1000 people pay, thats $50K, then only 100 pass. The 100 traders have a daily limit in which they can use and they cannot loose a certain percentage of their daily limit otherwise they are kicked out of the program.
Great content in your channel, I’m 53 and my wife and I reached $1M net worth in 2017, five years later it’s $2.4M. Our yearly salary is a little over $100K. We drive older cars, cook at home, eat leftovers, and have 2 in college. We saved for college and our boys help by working. They will graduate debt free.
for profitable traders, it's the best infinite money glitch going...
Where these prop firms got all this infinite money? If I lose $1000, I lose $50 fee. Who is taking the remaining $950 loss.
10000 people losing account and thats 9.5 million dollar loss. Whose money is this?
@@ashishIMprothe accounts are demo, aint no real money
Sir, for $50 you get $5000 account. If you're down a 1000 dollars, that's -20% and you were already dead half way 😅
But i took a chance on blowing 1000 with a stupid trade …you took a chance on blowing 100$ and spent 100$ (((50$ to buy challenge 50$ to buy agin after failing assuming you bought a 1k challenge because that’s the only challenge costing 50$$)))))thinking you had 1000$ lol. It’s the same bro.
This is kinda thinking doesn't teach risk management and promotes a gambling mentality don't do this
Which firm 50 dollars 😢
topstep!
@@JonWatkinsthanks going to check if I can use it in UK
Nice video here, With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on How to profit from the present market" will be more effective, I mean I've heard of people making upto $350K within few months and I'd like to know how.....
I have the bot for pass accounts .
Honestly no one talks about the focus level this is exactly the mind set that will never make you aucesful in trading Bec you going to think it’s only 50 dollers I blew up the account oh well but with your own money you will think a hundred times before you place that trade and that’s what that matters
Agreed 💯
Totally agree
what the hell is this guy talking about?
What do you mean? What is a reset?
when you trade a prop firm, if you end up losing you can pay $50-75 and have the account reset and then you can continue trading essentially.
@@JonWatkins so you don't have to rebuy the challenge???? How does that work? Can you please tell
The eval has a monthly cost and once you pass that goes away, if during the eval you mess up you just pay the reset fee
@@JonWatkins so let me get this straight, once you pass the challenge and get the funded account and after that if you hit the maximum drawdown you just pay them the reset fee and you can trade the live account again. Correct
If you’re in the live account you’d have to go back to the eval typically and go from there again. If you’re in the eval you just reset and restart the eval.
But where i beat you, is i pay a shit load less tax than you do. I also get to right off my losses.
I just write off my equity and option losses…it’s only up to 3k anyway
NAH