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Hi Fernando,
I agree with all voices here..
I am just a new bye in this field and i wish to learn from below what are the good rules. Reding your article Is like feeling your self in a good team. Thanks.
Thank you! 🙏
It does not matter whether you agree or not—grid trading is simply not allowed by prop firms!
Do you see any experienced, consistent and successful traders using it? No!
Have you considered why? It is because they did the maths!
Prop Trading Firms offer many possibilities but watch out!
There are some old established ones, that are great but also some new ones, that aren't that good.
Some Prop Trading Firms have unbelievable high Spreads, Swaps, Slippage, bad order execution and not guaranteed payouts.
Do your research!
As a prop firm trader, this is an excellent article. I'm dying to know which one has a 12% absolute drawdown!
I might just add that given the nature of prop firms drawdown requirements, Recovery Factor and LR Correlation (which can be added as a custom OnTester() criteria) are probably the two most important metrics for maximizing your profitability while minimizing the likelihood of failing the challenge or blowing the live account.
The article is not about "prop trading". It is about what lessons we can be learn from their rules.
Besides, providing a comparison list/table would be considered advertising which is against website rules.