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[Concinnity]

You have many misunderstandings on this issue.
If you want to trade prop firms you need to learn to pick up good value.
First you need to understand drawdown is the funds you get from prop firms , not the nominal account value that prop firms claim.Compare the fee you pay and drawdown, you have a sense if it is a good value for you.
Then you compare profit target with drawdown, you will find the profit target is not 10% prop firms claim , but it is actually 150% or 200% .The formular is : profit target / drawdown = real profit target.

Now you said if you can make consistent profit, you will have no problem trading prop firms account.
I say you will have big problem here.
If you have a real profit target of 117%, and you are charged $150 monthly fee, for a 1500 drawdown challenge, and assume you can make 10% monthly return consistently, then you will need 12 months to reach your profit target, therefore you pay $1800 for $1500 fund from prop firm. Not only this, you split profit with prop firm for the profit from this $1500. It is much worse than trading your own $1800 .

I have many misunderstandings? You think I am so stupid, that I don't realize the total draw down is actually the account size and not the account value they use for marketing? I almost would be offended by this, but I have to actually thank you for taking time out of your day to correspond with someone that you think is such an idiot they can't figure that out.

I already said the program is not for people that do not have a true intra-day edge. There is no reason it should take you longer than one month, two at absolute max to pass any test / challenge.

As far as value, I waited for a sale on the accounts and picked one up for under $60.00. So, for $60.00 I got 500 points of MES risk (minus commissions). That's almost like a free account basically (again assuming you can actually trade).

(1) I passed it in one month
(2) The company I am with does not take a profit split for the first $8,000.00.
(3) Once you pass the challenge, you do not get charged the recurring fee every month. Some companies charge you a one time fee after that to activate the account, others charge you monthly data. But in either case you are not paying the full amount each month or after the initial payment you have no monthly fee's at all.

Once I've withdrawn / as I am withdrawing that amount, not only do I have the option to use some of that money to buy more accounts from the same or additional companies on sale, I could also start my own personal account if I chose to. Right now I see no reason to risk my own money in futures and will continue to do these until they stop paying.

After showing you I understand what you're saying, explaining the value and no offence but you actually stated some incorrect information yourself that I corrected.

What now would you like to correct me on? Considering you're correcting me on things I am literally already doing and have done. It does seem kind of ridiculous, but go ahead let's go another round.

 

[wmwmw]

I have many misunderstandings? You think I am so stupid, that I don't realize the total draw down is actually the account size and not the account value they use for marketing? I almost would be offended by this, but I have to actually thank you for taking time out of your day to correspond with someone that you think is such an idiot they can't figure that out.

I already said the program is not for people that do not have a true intra-day edge. There is no reason it should take you longer than one month, two at absolute max to pass any test / challenge.

As far as value, I waited for a sale on the accounts and picked one up for under $60.00. So, for $60.00 I got 500 points of MES risk (minus commissions). That's almost like a free account basically (again assuming you can actually trade).

(1) I passed it in one month
(2) The company I am with does not take a profit split for the first $8,000.00.
(3) Once you pass the challenge, you do not get charged the recurring fee every month. Some companies charge you a one time fee after that to activate the account, others charge you monthly data. But in either case you are not paying the full amount each month or after the initial payment you have no monthly fee's at all.

Once I've withdrawn / as I am withdrawing that amount, not only do I have the option to use some of that money to buy more accounts from the same or additional companies on sale, I could also start my own personal account if I chose to. Right now I see no reason to risk my own money in futures and will continue to do these until they stop paying.

After showing you I understand what you're saying, explaining the value and no offence but you actually stated some incorrect information yourself that I corrected.

What now would you like to correct me on? Considering you're correcting me on things I am literally already doing and have done. It does seem kind of ridiculous, but go ahead let's go another round.

Show me what challenge you took, then I can show you that you took a worse deal.
And if you meant you can make more than 100% for every month, then I don't trust what you said. You can just brag as you like, but nobody trust you.

 

[Concinnity]

Show me what challenge you took, then I can show you that you took a worse deal.
And if you meant you can make more than 100% for every month, then I don't trust what you said. You can just brag as you like, but nobody trust you.

Come on man, why excuse me of bragging? People came on here here to poop on a company and either ignorantly or purposefully over state the negative, without listing one positive. How many of these people that pooped on the company could actually pass the test and get withdrawals on a consistent basis?

How is that being genuine? or objective? or helpful? Yet, you want to excuse me of bragging? You're the one that pointed out the actual risk vs nominal value correct? Yet now all the sudden you're stuck on the size of the account. It has nothing to do with the size of account directly and has everything to do with how many points of risk you have.

Hopefully we can agree with 500 POINTS of mes risk, if one cannot generate a net profit off of that, they do not have an edge correct? If you do have an edge overtime your points of risk just grow (which means less chance of failure over time as it provides you with more time to trade and if you have an edge the more trades you take, the more points of risk you gain).

Do you see how you only look at things when they benefit you? You did not call out anyone who made the initial post here about not being objective and ONLY listing the negatives, but since you tend to agree with them you have no issues accusing me of bragging, when I only came here to give a more objective view. Notice how I admitted there PROS and CONS, while most of you only stick to or lean heavily to the negatives. That's because I am being objective.

Show you what challenge I took and you'll me I took the worst value? I paid $60.00 for 500 points of MES risk. I already explained that to you. What you're going to find an account for $20.00 cheaper? or one where I have 550 points of MES risk? Ok congrats, there's like 20 of these companies. I am sure you could find a better deal somewhere. That doesn't change any of the macro points I have made. You just feel the need to be an asshole and want to be "right" and you think by proving some small win about how you can find a better challenge deal, that it means you're right on everything. It's a total joke.

What proof do you want? I don't understand Want to get on voice and screen share with me later tonight or next week for me to show you the challenge I took? Yes, I made 168% gains in the past month. Not focusing on the % of gains. It's irrelevant. I focus on points of risk I have and as I get more points of risk, that again provides me less chance of failure as I know the more I trade my strategy the more points of risk I gain over time.

 

[Concinnity]

So you made 168% gains last month? LOL.
Newbie.
I saw tons of people passing challenges in 10 minutes.
They even posted their records.
But nobody dare to say he can make 100% for every 10 minutes. That's is difference.
Only newbie brag about one time gain.
Experienced traders only talk about gains they can keep making for 20 years , not only one month.

I am done with you.

Ok cool man. If you have any other advice please share it with me or others, you seem to really know your stuff. Really appreciate the conversation and value you added here today. Enjoy your weekend.

 

[wmwmw]

So you made 168% gains last month? LOL.
Newbie.
I saw tons of people passing challenges in 10 minutes.
They even posted their records.
But nobody dare to say he can make 100% for every 10 minutes. That's is difference.Those who passed challenges in 10 minutes lost their next 20 challenges in 10 minutes.But they would not show you those records.
Only newbies brag about one time gain.
Experienced traders only talk about gains they can keep making for 20 years , not only one month.
Nobody care how much you made last month. Only yourself care .
I am done with you.

 

[Concinnity]

So you made 168% gains last month? LOL.
Newbie.
I saw tons of people passing challenges in 10 minutes.
They even posted their records.
But nobody dare to say he can make 100% for every 10 minutes. That's is difference.
Only newbies brag about one time gain.
Experienced traders only talk about gains they can keep making for 20 years , not only one month.
Nobody care how much you made last month. Only yourself care .
I am done with you.

You double posted the same thing because you're mad or what? Don't know what to say. I know people that trade and aren't even 20 years old yet lol. Haven't had my strategy for 20 years to use man, but will get back to you in 20 years, than we can continue our discussion.

Try to calm down tho bro, double posting the same thing, seems like your about to pop a blood vessel LOL.

 

[Concinnity]

Show me what challenge you took, then I can show you that you took a worse deal.
And if you meant you can make more than 100% for every month, then I don't trust what you said. You can just brag as you like, but nobody trust you.

Back at my computer so just want to do a final response:

You act like you're some authority. If you're such a pro and an esteemed veteran, why are you talking about account size and what returns are and aren't possible, instead of focusing and talking about risk?

You would think being such a veteran as yourself that you would understand all that matters is your bucket of risk and how you use that bucket of risk on each individual trade. If you have an edge and can keep increasing the size of your bucket of risk in a consistent manner via a repeatable edge, than exponential returns should not be a surprise to you. As that bucket grows your chance of failure is also greatly reduced.

Correct me if I am wrong, but my guess would be is you don't approach it this way and you use more standard and common edges in the market. By your wording it's likely you focus on using account size, averaging down, time and/or position sizing as a core edge. This would also explain why you believe exponential returns are magic or unlikely. It's extremely difficult to exponentially grow an account using the above edges, because if you lean on them to heavily you can experience a massive loss or blow up. Where as a straight up actual edge where you can consistently risk "x" to make "x" has a lot less chance of failure and a much better ability to produce exponential gains.

Just some food for thought.