My take on prop firms
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- Опубликовано: 5 фев 2023
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Once my brain clicked that this is a business !!!! Its was on from there!!!
Exactly. And not moving my stop loss, just thinking about it like a business loss. Like Owning a restaurant. You pay the sewage bill, employees, the building lease, the ingredients ect ect. Profit is what's left after.
Treat your losses as a business expense
@Bullishbeto I don't trade with a stop loss, I only trade bitcoin and I have a 86% winrate, just stick to stocks that people buy like Crack and don't go long on down trends
I agree. If youre still building your capital, prop firms is the way to go. But since different prop firms require different criteria, you still have to be cautious. And it could be a little pressuring just keep that in mind guys
Agreeddddd
You are right haha
If you got a legit trading strategy can prop firms, for the lack of a better word, steal it? Or if you improve it to much better degree can they put an NDA on it?
@@rishabhkhosla2216Not sure what you mean by steal. It's not like they're requesting you to write them a book on your strategy so they can use it themselves. There's only so many systematically ways to trade that a strategy won't be unique anyways. Being profitable comes down to experience and there is no one strategy that will make a trader. I could have a very profitable strategy, sell it through a paid course and only 10% of the people are going to succeed with it.
@@ToriTradesI want to get into prop firm. Can you tell in detail the best reasons why someone should not get into prop firms just so I become cautious
I’m not even trading.. I’m just following u because I think ur cute.. lol
Good luck with that🤦♂️
those eyes like pearls, moving left and right
Standard simp
Lol, I am a trader full time too but actually I m following her with same reason haha
So far, we’re all hungry and desperate dogs😂. Hey ☝🏾
Just getting started in investing and have so much to learn. Thanks for all you do. God bless you.
How is it going mate
Which prop firm do you use,,,,, and l wanna try it out but I’m scared of losses there challenge
Why do you need a prop firm for capital when futures margin requirements are so small already?
Maybe at first, it was a bad idea, but I just started trading 2 months ago and found out about prop firms and blew up 2 accounts. But having to manage losses and the actual real experience of trading on a large account has made me learn so much more and faster that if I traded with my own money and small capital. I'm now on the 3rd try but as I've learned so much from the other two, I'm only about a week away from passing the evaluation. I'm so happy with my progress. I think I'm speeding through way quicker. So a bad idea at first, probably, but it ended up as a great learning curve
Congrats on your progress!!! Which prop firm are you using?
2 months? you got at least 2 more years to go to become profitable
except....most prop firms encourage and focus more on level 2 orderbook trades and use more of a fundamental & market dynamics or spread trading approach and would almost certainly avoid price action or technical analysis driven strategies. At least that's the case for serious prop-firms. You have also "prop-firms" that aren't technically prop in the traditional sense that have access to higher leverage from brokers and will let you play around with your own strategies on paper accounts and might give you access to some of their leverage but then this delves into murky, untested, dodgy waters....But i do share your sentiment on having a bigger account. In my case i actually have a strategy that i programmed myself in tradingview that is automated and works well with real trades (no paper trade nonsense) but no access to large capital to take advantage of it. problems, problems...
I’m looking for a prop firm that accepts USA clients, trades on weekends and it trades on MT4
Thanks, so which firms do you recommend?
Please link some of your trading beginner videos, I would like to follow your guidance
Can you recommend any specific course or book?
You’re colors you have in your videos are perfect, thank you….
Answer this question pls.... Which prop firm do not increase spread and don't do slippages in live account to stop profitable traders?
What pro firm do you recommend?
Just curious about what is Prop Firms? Hehe
prop firms are great tools, i use equity edge analytics due to their cheap accounts and great conditions
I saw the video you made with Angelo at The Funded Trader. Was going to try one of their challenges but wanted to do more research and found out that TFT went down. So many prop firms closed down over the years from True Forex Funds to My Forex Funds.... do you still think prop firms are legit or are they Ponzi Schemes?
New info, thanks !
🙌🏼🙌🏼🙌🏼
Thanks lady ❤🎉🎉🎉
Throw was helpful for me ago thanks!!
This*
I'm working on that myself. Also 7yrs in fulltime...
What is prop firms?
Precision funding is the best prop firm in the industry
..😂 i been trading for so long and i can't believe i just heard of prop firms. You're right. Heck, if you don't have enough capital, it's kinda of hard to budge.
I'm a newbie at trading, what are prop firms? 🤔I'm also learning to become a full-time day trader 😅.
don't worry what a prop firm is you're years away from prop firms. focus on demo trading before you think about all that.
dont worry bout prop firms. just focus on watching the market. its in a bad bear market currently so keep an eye out for any breakouts it has(for whichever crypto or stock your investing in), and watch out for whats known as an ABC correction. sell during the A phase and when it hits B, buy back in to make gains for its breakout to C.
for me, i focus on crypto so take a look at the following:
XRP
XLM
ALGO
FLARE Token
SHIBA INU
these will be your best bets for massive gains over the next few months to few years an can easily 25X your investments if done at the right time when everything breakouts into a bull market again. best of luck to you bro.
Right I had that problem too I was misguided that’s all😂.
Any crypto prop firm , you suggested
Breakoutprop
are u in prop firm now ?
Hey Tori, do you edit your own reels 🤔😂 Just give me a fast answer lol
So... What's a prop firm?
I chose topstep for my first prop firm. Just started this week
Anyone else every notice everyone who trades on RUclips are all profitable, yet 97%of traders lose money.
97% of people are just serious dogshit. their mentality lack. they lack joy and luck in their hearts. if trading is not for you. good. but stop throwing around with "statistics" you clearly have no idea about.
yes, people lose money, but ever saw how they trade? "oh this going up, i buy in" "Oh, my strategy doesnt work the first 3 times, lets switch it 10000 times"
its like eeeeeeeeeeeeeevery other business,
Or lose all your money so much faster. Start small then build it , is the way to go
Intriguing... Where can we find good info unbiased, to truely understand and choose the right firm?
Hmmm not sure. I started with my first prop firm this month
I'm looking at Lux, Australian regulated
Which prop firm would you recommend?
Smart prop firm
What prop form do you recommend
APEX
Tori you look amazing
what do you think about trading Bitcoin
Which propfirm do you recommend for future trading ?
But if you’ve never traded future. Paper trade and for free on Tradovate! Save your money by practicing first.
@@jordanking5679 I try making a demo account it said I had to pay
Top 3 best prop firm platform for beginners?
None
Yeah bro. If you're beginning it's not for you. You have to go through what we all did.
Finding a profitable strategy for yourself. Pick one and master it. Later on you can add extra strategies.
Just try demo. Then growing a small account. That would prove you're ready. Then use that money for a huge funded account.
It's not easy to get into a prop firm as a total beginner. First learn to trade really well then it will make sense. Even I am a beginner and joining a prop firm is my target. But I know I'm not ready yet
Bruh its better to stick with demo but uk that feeling like yeah am ready i can do this but after you get into real account you start to panic and loose all money its better buy a prop firm with 500 rather than put money into real account eventually you will loose but you will only loose 500 in real account and 10000in prop account you will get 20x more capital and it will be much more easy to train you phycology with prop account
Yeah I'm calling bs
Is it about have the resources or experience to trade full-time?
Both. Experience first, if you can’t manage $100 you can’t manage $100k. But you need the resources once you have the experience
@@claytonmurrayguitar You need enough resources to gain that experience
@@sadface7457 You can demo trade. Or open up like a $100 account
You have to open an account in order to see the market trading live on a platform. Fidelity, interactive brokers, schwab etc...
My confession on why I am following the young lady's channel :
1. When she gets picked up by a Wall street hedgefund in the future, I can tell her I followed her on YT when she had a small channel. Hook me up with a job.
2. She is very down to earth, honest and seems to just be herself. Why does this matter? Cause there are so many flashy RUclipsrs out there making bulls*** claims.
what about Trailing Max Drawdown what topstep have. for 50k accounts its 2000usd down from unrealized profit. so if im up 2500usd then price fall and im still 500 up but im out of trading and have to pay for restart or its isnt like that?
I don’t know if I quite understand question?
@@ToriTradeswhen i choose 50k account(topstep) . there is Trailing Max Drawdown 2000usd.its counted from initial balance? or from unrealized profit. somebody say its counted from undrealized profit. if i open trade and im 2500up (unrealized profit) then price go gown 2000usd ,im still up 500usd(unrealized profit) but its 2000 drawdown from account balance hight even its unrealized and you lose account?
My take on prop firms... day one rekt :D please tell me how the Trailing Max Drawdown works. if it is counted from balance high(from unrealized profit) if it is like that is set to trader to fail even if trader is profitable
@Toritrades : What's your average percentage gain per month?
This is solely out of curiosity :)
Probly about 30% I'm guessing
In my opinion, and don’t get me wrong. If you can slam 2k-5k in an account why not do that and just get 50-1 leverage. You can even get 500-1 leverage. Is that better than getting funded?
Well when you heighten leverage your liquidation levels dramatically increase and you can get massive drawdown in comparison to the account size.
It’s not necessarily the move, with prop firms your joining a completely dif market, making you have to learn everything again, bht with 0 experience, idk bout you but with $11 you could get $500 plus returns on options while your constantly spending $16 trying to pass an account.
What's bigger capital to go full time in your opinion?
Hmmm that’s a good question I went full time with 25k capital
@@ToriTrades you could LYTERALLY lose 100% an be fine girl , cause you too priceless
@@boatsandhoes3397 Mastercard
Depends on your expenses. Monthly expenses × 2 should be about 5% or so on the account for prop firms. Helps you pay bills without much stress as even 1 or 2 winning trades covers expenses
That’s excellent advice, I’d agree with that!
Girl u need to trade options and compound interest is the way to go
Explain
beautifull day trader
What propfirm will u suggest
I’m trying TopStep
Apex Trader Funding!
This is so true and exactly why I’m nervous about the current affairs with the prop firm industry now that MFF has gone down. It seems like all prop firms are running similar business models in one way or another in a lot of cases 😞 I hope it works out for the better for the industry. We need prop firms.
Don’t be nervous about it - there has never been a better time to be a retail trader, and I’ve been trading for 12 years. Take advantage of it whilst it last, because I guarantee it won’t be like this forever.
No, she’s a full time content blogger. That’s how she earns her money.
With prop firms you have to watch your drawdown
You should do that in general lol
@@Bad4Good2I agree
yea but Tori .. do prop firms actually pay you??
Indeed beautiful
Simpleton
Better to use leverage and build ur OWN capital than deal with shady prop firms that take % from ur gains and on top of that u pay taxes. So ur actually grinding hard af doin one of the hardest jobs on this planet and u have to give away ur gains. Prop firms are the stupidest thing.
I’m just now trying a prop for for the first time so I’ll letchu know how it goes compared to trading my own personal account
@@ToriTradesdo they pay you for promoting them?
Yes use leverage and get wiped out sooner then you can say aye. So they take some % what do you expect? They wouldn't exist if they didnt. They are making available something that you don't have. Capital. And you have to pay taxes anyway even if using your own account
And remember you’re paying $250 for a 25k funded account and getting a profit of $1800 capped at 75% profit share to you at the end of the month with less fear when trading, that’s good investment to me
Dont u pay taxes when trading on a personal account as well?
The only people that suggest using a prop firm are selling them or have never used one. Their ridiculous limitations make it impossible to make money with them.
bro your view of the world is so positive and so inspiring.
no joke if you dont take risks in life, stop living then. u dont have to blow thousands of dollars trying and failing the 200k option. start with 10k. scale up.
some people have to chill sometimes ffs
Last couple days my trades have been best ones in AGES .
THANK YOU TORI , ...
Also quick question ?? If you don't mind , my question is
Your bueatiful angel girl xx
How do you know if a prop firm is legit? I've heard there's a lot of scams out there
Most are modified ponzi setups relying on new and subscribed accounts.... not real market trading profits.
❤❤❤
Madam please teach me😢
I might something learn something but never do anything so might as well see what you have to say : following 😂
😂😂😂
If you traded much bigger capital in your early days as a trader must likely you would have been losing more money.. probably blowing up your account. Thinngs happens for reason. 😊
Prop firms are good,they offer 80% TP imagine😮😮
I like personal better
But you werent profitable for these 7 years so u r being misleading
This is the girl on The funded trader that does their videos
She has clearly never used a prop firm.
Pdt rule is the nail in the coffin
No way the PDT rule doesn’t not apply to the futures market
🙌🖤😈
Didn’t define Prop Firm. I’ve been trading equities 36 years.
Prop firms are still fairly new I’m just learning about them myself
Tori, why you did not ask your uncle? I mean he got all the know how. Why does it take so long to know about prop?
Prop firms are still new! He’s just now finding out about them too.
It’s an assumption but not forsure
Can’t argue with that ✅
How old are you? You sound as if you are in your 60s now
Don’t take advice from her please guys!
When u have 7 years of trading and still call it daytrading🤨 🚩
or u can do the 20 day challenge with 20 $ 🤷🏽♂️
whats that?
@@ToriTrades it's a challenge that a channel named the moving average made a video about it, basically u put 20$ on and u trade it with 30% risk and add the profit to it and do it again with new balance and repeat it 20 times and somehow it gets to 52k at some point 😐🤌🏽
Prop trading firms often provide insufficient capital, offering only a simulated account with stringent conditions, such as a trailing drawdown, in an attempt to extract fees. If a trader performs well, the firm can profit from the small percentage of successful traders, creating a win-win scenario for the firm. Prop trading firms merely hasten the separation of winning and losing traders.
Tori, with all the BS and frauds causing doubt, you are one of the very fee that give me hope and push me to not give up. Super corny, but it’s the truth.
That really does mean a lot to hear 🙏🏼💜🙏🏼 I appreciate you
This lady is all talk no pnl history she is just bs everyone she a youtuber not a trader
Bs
Yo now she just promoting her prop firm… shes a fraud…
Full time Gamblers, don't fool yourself
I’m trying a prop firm for the first time this month so I’ll letchu know how close to gambling it really is haha
this doesn't make any sense .... if you really really think of it
How so?
@@ToriTrades there are leverage accounts so on a 5k account there is a lot fier power there
Oh I gotcha yeah that’s true also! I trade with leverage on my personal account
It's all about raising capital and cutting losses quickly! 📉