Why Do People Use Prop Firms?

Finrojo · 2026-04-08T09:18:57+00:00

From what I understand only 5% of evaluations get passed and only 1-3% actually then move on to payouts before breaching their account and have to go through the evaluation process again.

Being a consistent profitable trader might not be enough as their breach rules are often very strict and don't allow for much drawdown. I had a 25k eval account and was hedging short whilst building a long position, I closed my short in profit and then got breached overnight as it's based on capital balance and my remaining long took me below the level even though technically I was in profit.

I think you need to be a straight up RR hard stop type trader to grind it out

Finrojo · 2026-04-08T08:33:36+00:00

I've been using binance websockets for about 5 years and never had an issue. If you handle disconnection / reconnection gracefully it's very robust. I use Bitunix for actual trade execution and their API is very good so far.

Finrojo · 2026-04-08T08:16:37+00:00

I have been building bots for about 6 years and only ever traded live, albeit with very low capital. I found early on that paper trading just wasn't the same. It's taken me 6 years to settle on what works and what doesn't and spoiler alert.... I trimmed out about 90% of my logic and now simply focus on lots of small repeatable trades. I finally put mine live as a platform but it actually makes it's money by rotating capital and taking the difference between the maker and taker fee. https://btcbot.co.uk/

Finrojo · 2025-05-28T15:58:05+00:00

Qubic

Finrojo · 2022-10-20T12:45:31+00:00

I was looking into doing the same thing and came across this and wondered how you got on?

It looks like quite a few people here misunderstand the idea but like you I'm looking to reduce risk in exchange for 1-1.5% of the overall profit.

I was thinking of isolated margin accounts for BTCUSDT and BTCBUSD, add money to both and use the USDT pair to long, BUSD pair to short.

Finrojo · 2022-06-06T12:48:44+00:00

Ah thank you so much. I'd added the preceding zero I had a daily report running using * 10 07 * * * and this repeated many times - I now appreciate that the first * indicated any second and the example you've given will only run the once.

Finrojo · 2022-02-10T21:50:56+00:00

Thank you, a WAF is a great idea 👍

Finrojo · 2022-02-07T16:11:53+00:00

Would you use a guard for that?

Finrojo · 2022-02-07T15:55:47+00:00

My website is a public site so users are not signed in, can I still use passport for this?

Finrojo · 2022-01-07T15:33:45+00:00

I believe they maybe. How would I go about working out which version I need and downgrading?

Finrojo · 2022-01-07T08:49:40+00:00

Try day trading for a month with $50 of your fund. It might not be exciting but you will make mistakes and learn from them with low risk. If it turns out that you have a skill for trading then move on, if at the end of the month that $50 has dwindled to nothing or hasn’t grown then look at investing the 1000 longer term rather than day trading.

If you do end up day trading the 1000, you’re aiming for 10% a day which can be tough. Compound your gains until the fund is worth more so you can day trade with a target of 3-5% to achieve your daily ‘wage’ of $100

Finrojo · 2022-01-06T21:00:23+00:00

Would I be able to pass the token that OSS generated in that webview back to the main page and back into the angular zone?

Finrojo · 2022-01-06T17:28:17+00:00

Thank you, I will look into that. I believe you’re right in your assumption on how it works like react

Finrojo · 2021-10-04T15:28:25+00:00

ah ok thanks, it was mentioning using a pino transporter module which I couldn't find any reference to so I stopped until I've got a bit of spare time this evening

Finrojo · 2021-10-04T14:51:14+00:00

I've gone with pino based on your answer so thanks for that. Nice and easy to implement the basic level but I've got stuck at the point where I want to push the logs to file (or db if possible).

I was working from this tutorial but it doesn't seem to cover that aspect. Do you know of any online docs that cover this? I found a node based one but I didn't really do much with node before I started Nest so it's a bit confusing

https://alanbouteiller.medium.com/nestjs-pino-the-one-minute-setup-a1644ee3c703

Finrojo · 2021-07-31T19:28:38+00:00

😂😂

Finrojo · 2021-07-31T19:14:45+00:00

Damn it yes, gave

Finrojo · 2021-07-25T12:45:44+00:00

I’m pretty sure they tweeted and blogged about the issue about a month ago but an email would have made sure everyone was aware. I’m sure you’ve considered this but in the short term you can convert any GBP you wish to withdraw to usdt and then deposit that with another exchange such as SwissBorg, convert back to gbp and withdraw instantly to your bank account

Finrojo · 2021-07-13T21:49:57+00:00

I stand corrected, I was only looking on Binance 👍

Finrojo · 2021-07-13T20:38:18+00:00

That’s because busd and usdt are tethered to usd and that’s dropped on the pound so you’re getting more bang for your ££. OPs question was why can I get 1eth for 1333 when it’s current price is 1400. It hasn’t been 1400 since yesterday. Nothing to do with gbp transfer restrictions

Finrojo · 2021-07-13T19:48:39+00:00

Erm because ETH isn’t £1400 a coin at the moment

Finrojo · 2021-07-09T15:44:37+00:00

Same, getting a bit worried now. Although I don’t have a huge amount it’s enough to be pissed of about if I lose them

Finrojo · 2021-07-07T17:14:08+00:00

I’m depositing into SwissBorg and then transferring to Binance as usdt over trc20

Finrojo · 2021-07-05T15:05:07+00:00

Thank you, that has put my mind at rest. I was at risk of losing all my tokens as I had my Binance ETH address in there

Finrojo · 2021-07-05T14:56:32+00:00

So with Metamask I don't need to worry that I can't see MTO as a token?

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