Disregard this post. LOL.
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The Perfect Prop Firm
- Thread starter Maverick74
- Start date
Disregard this post. LOL.
if I can make a thousand percent a yearI will not need a prop firm, I wasn't aware prop traders make thousands of percent a year, they must be very rich, especially if they do it every year for 20 years.Quote from PARACLESE:
how many times must a trader tell you 20% of a few thousand isnt shit? in a month.. over a year? buddy...are you serious? what are you saying? that on a 25k account the most you can muster is a little over 5k which takes one year to complete? sounds to me like you have issues taking on size. Good prop traders can make thousands of percents in a year. Now if you take 1B to 1.2B that is doing something. or even 10-12M that is a track record that will get something.
My calcullator only goes up to 99 miliion, but I'm pretty sure they must all be billionares.
starting with just 1 penny you can only make a thousand percent for 9 years before the calculator craps out. And in nine years your 1 penny will be worth 23 million dollars.Quote from oldtime:
if I can make a thousand percent a yearI will not need a prop firm, I wasn't aware prop traders make thousands of percent a year, they must be very rich, especially if they do it every year for 20 years.
My calcullator only goes up to 99 miliion, but I'm pretty sure they must all be billionares.
Bella actually claim he make thousands of percents per month but he still needs 10k to train trader... notice a pattern.. the bigz seem awful needy for just a few dollars.. but they make a plenty. ahem claim to make a plenty.
Quote from oldtime:
starting with just 1 penny you can only make a thousand percent for 9 years before the calculator craps out. And in nine years your 1 penny will be worth 23 million dollars.
Its actually more then that.. you can compound multiple times per year (which is just the same as keeping the risk constant). So even if you do 1000% return, surely you could compound 12x over the year (reset to keep risk constant).. Re-run the calcs.
Quote from oldtime:
starting with just 1 penny you can only make a thousand percent for 9 years before the calculator craps out. And in nine years your 1 penny will be worth 23 million dollars.
Quote from oldtime:
if I can make a thousand percent a yearI will not need a prop firm, I wasn't aware prop traders make thousands of percent a year, they must be very rich, especially if they do it every year for 20 years.
My calcullator only goes up to 99 miliion, but I'm pretty sure they must all be billionares.
That's not how it works. First of all, nobody compounds their money like that at prop firms because most traders sweep their profits out. Primarily for fear of the firm blowing up. You would too.
Most traders will grow their account to a certain level and stop. I'm sure Don could tell you how much money his average profitable trader leaves in their account. It might be 50k or 100k, but I doubt a penny more. So yes, guys do compound that original amount but they basically make the same amount of money year after year. This is true of almost every prop firm I know.
if the traders are making 1000% how could the firm possibly blow up? I liked it better when you admitted 20% was decent return.Quote from Maverick74:
That's not how it works. First of all, nobody compounds their money like that at prop firms because most traders sweep their profits out. Primarily for fear of the firm blowing up. You would too.
Most traders will grow their account to a certain level and stop. I'm sure Don could tell you how much money his average profitable trader leaves in their account. It might be 50k or 100k, but I doubt a penny more. So yes, guys do compound that original amount but they basically make the same amount of money year after year. This is true of almost every prop firm I know.
Quote from oldtime:
if the traders are making 1000% how could the firm possibly blow up? I liked it better when you admitted 20% was decent return.
Are you stupid or do you just play a stupid guy on the internet? Only 10% of traders on average are even profitable at prop firms. Those 10% have a right to protect themselves from the other 90%.
Quote from oldtime:
if the traders are making 1000% how could the firm possibly blow up? I liked it better when you admitted 20% was decent return.
Don't forget about liquidity...it simply isn't possible to compound to infinity. Now this is very simple stuff! WTF are you and Lucias arguing here, if either of you traded I would expect for you to understand these basics!
What basics? I trade the ES.. virtually infinite scalability.
Look when people make preposterous claims and then ask a traders paltry 10k or 25k we have a right to question those claims.
I also have ran the math. I can start with 5k and within 8 years grow to over a million dollars producing just 100% per year. I have systems that have did this every single year for as far back as my data goes. In fact, my plan is to do just this.
I have a track record anyone can go and see what I've did. I'm not the one claiming to have "infinite buying power" and ability to make 1,000% per month while needing a traders 10k or 25k or whatever amount it is.. For that you need to speak with Mike Bella at SMB or maybe Don Bright how that works.
Its no wonder that the likes of maddoff are so successful.. people are just so damn gullible.
Look when people make preposterous claims and then ask a traders paltry 10k or 25k we have a right to question those claims.
I also have ran the math. I can start with 5k and within 8 years grow to over a million dollars producing just 100% per year. I have systems that have did this every single year for as far back as my data goes. In fact, my plan is to do just this.
I have a track record anyone can go and see what I've did. I'm not the one claiming to have "infinite buying power" and ability to make 1,000% per month while needing a traders 10k or 25k or whatever amount it is.. For that you need to speak with Mike Bella at SMB or maybe Don Bright how that works.
Its no wonder that the likes of maddoff are so successful.. people are just so damn gullible.
Quote from Shanb:
Don't forget about liquidity...it simply isn't possible to compound to infinity. Now this is very simple stuff! WTF are you and Lucias arguing here, if either of you traded I would expect for you to understand these basics!