Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
looking for a system generating $150 - $200 profit/ day/contract
None of that seems unreasonable or arbitrary for what is essentially a prop shop funding unproven traders. And even if you don't like those rules, they certainly are very logical from their POV.
Can you help answer these questions from other members on NexusFi?
- always implement stops with an open position
- ensure my Largest Losing Day will not hit or exceed my Daily Loss Limit
- achieve an Average Net P&L greater than $0 for each product traded
- ensure my Account Balance will not hit or exceed my Trailing Max Drawdown These are effectively saying, "Don't be unlucky."
- trade a minimum of 10 days Too short to make any meaningful conclusion.
- achieve an Overall Winning Day percentage of 55 or greater Why 55? What about 54.99%? 55.01%? Strategies can be successful regardless of the 'winning day percentage', and besides, if that's the number that matters to them, this shouldn't a 10 day experiment - in which they actually should only focus on funding either strategies that have close to 0% winning days ("home run" style) or close to 100% winning days rather than close to 50% because the uncertainty is maximized at 50%; moreover, since the uncertainty will be symmetric, they should be willing to fund strategies with less than 45% winning rates as well as they are willing to fund strategies with greater than 55% winning rates.
Ok,got it.No,i just added another thought to those ''not being unlucky'' rules with which i agree and actually implement them into my strategies.I know a little to none about the combine rules.
They should have a combine option where if you pass you can pay for the combine with your own trades you make money with of theirs. Their whole strategy is basically betting that newbie traders will fail which is smart on their side, but since most fail it does leave a bad taste in the mouths of the defeated. Hmmmm....Do you think they even be profitable if they took on my business model where the trader doesn't have to pay the fee but instead takes a pay cut after they get funded with the money they make? That's an interesting thought to think about
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
