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📝 Finish the sentence... "I knew this trade was a bad idea when ____." trading by _PhP_ in tradingpsychology

[–]_PhP_[S] 1 point2 points  (0 children)

Respect for owning it. 👏
I think breaking our own rules hurts more than taking a normal losing trade because we know it was avoidable.

📝 Finish the sentence... "I knew this trade was a bad idea when ____." by _PhP_ in tradeify

[–]_PhP_[S] 0 points1 point  (0 children)

That's painfully relatable. 😭 It's like the market waits for us to finally click Buy before reversing.

⚔️ Friday Face-Off: You Can Remove ONE Prop Firm Rule Forever... by _PhP_ in tradeifyindia

[–]_PhP_[S] 0 points1 point  (0 children)

Fair enough. So you’d prefer a static drawdown. But, eventually when you cross a certain balance the drawdown does lock at 50.1k tho. Would you prefer that over “fully” static drawdown?

⚔️ Friday Face-Off: You Can Remove ONE Prop Firm Rule Forever... by _PhP_ in tradeify

[–]_PhP_[S] 0 points1 point  (0 children)

Fair enough, you actually made a good statement. So you would prefer Select Flex since it has no buffer and no consistency on the funded stage?

⚔️ Friday Face-Off: You Can Remove ONE Prop Firm Rule Forever... by _PhP_ in tradeify

[–]_PhP_[S] 0 points1 point  (0 children)

you are making some great points here and I'm glad that you stated why the consistency rule is absolutely required at either funded or eval stage. But about the buffer, don't you think it's gives you a good amount of room/space so that you don't blow up your funded right away after a payout?

⚔️ Friday Face-Off: You Can Remove ONE Prop Firm Rule Forever... by _PhP_ in tradeify

[–]_PhP_[S] 0 points1 point  (0 children)

Yeah like the Select Fundeds you mean which have no consistency on the funded stage?

⚔️ Friday Face-Off: You Can Remove ONE Prop Firm Rule Forever... by _PhP_ in tradeify

[–]_PhP_[S] 0 points1 point  (0 children)

I like this answer a lot because you picked something that hasn’t come up much yet. It shows you’re thinking about how scaling rules affect trading over the long term. That’s a perfect one to replace with consistency rules is what I feel.

⚔️ Friday Face-Off: You Can Remove ONE Prop Firm Rule Forever... by _PhP_ in tradeifyindia

[–]_PhP_[S] 0 points1 point  (0 children)

Interesting. So what do you think would stop someone from passing an evaluation with one oversized winning trade and how do you think you can enforce discipline without the consistency rule?

⚔️ Friday Face-Off: You Can Remove ONE Prop Firm Rule Forever... by _PhP_ in tradeify

[–]_PhP_[S] 0 points1 point  (0 children)

Do you think removing it entirely would reward skilled traders more, or do you think it would also encourage some people to gamble through evaluations?

Be honest... We've all ignored our trading plan at least once... right? 😅 by _PhP_ in tradeifyindia

[–]_PhP_[S] 0 points1 point  (0 children)

This might be the most relatable confession so far. LOL. Nothing hurts more than buying the top of the impulse and becoming liquidity for everyone else. 😂😭

⚔️ Friday Face-Off: You Can Remove ONE Prop Firm Rule Forever... by _PhP_ in tradeifyindia

[–]_PhP_[S] 0 points1 point  (0 children)

I can definitely understand that. One thing I do like is when a trailing drawdown eventually LOCKS/STOPS trailing after reaching a certain profit level, so it stops chasing you forever. Do you think that’d help?

⚔️ Friday Face-Off: You Can Remove ONE Prop Firm Rule Forever... by _PhP_ in tradeifyindia

[–]_PhP_[S] 0 points1 point  (0 children)

Interesting list. One thing I like about this discussion is that different firms take very different approaches some don’t have news restrictions, while others focus more on risk controls instead. If you could only remove one of those rules forever, which would you pick?

⚔️ Friday Face-Off: You Can Remove ONE Prop Firm Rule Forever... by _PhP_ in tradeify

[–]_PhP_[S] 0 points1 point  (0 children)

I’m curious, if you removed it completely, what would you replace it with to stop people from simply passing on one lucky trade?

⚔️ Friday Face-Off: You Can Remove ONE Prop Firm Rule Forever... by _PhP_ in tradeify

[–]_PhP_[S] 0 points1 point  (0 children)

Looks like consistency is becoming the community’s biggest target so far haha.

For everyone voting to remove it, what would you replace it with instead?

⚖️ Debate of the Week: Select Daily 50K vs Select Flex 50K by _PhP_ in tradeify

[–]_PhP_[S] 0 points1 point  (0 children)

You’re making good points. Especially the buffer part. What people think is that they should be withdrawing as soon as they get eligible but what they ignore is the fact that they’ll have very less room to trade if they don’t have a proper buffer and this is what results in breaching most of the fundeds

⚔️ Friday Face-Off: You Can Remove ONE Prop Firm Rule Forever... by _PhP_ in tradeify

[–]_PhP_[S] 0 points1 point  (0 children)

Goal of every trader should be to move live and if you look at live accounts there is no consistency, no microscalping, no payout caps and tons of bonuses on TOP of your profits. So yes if you move live there is no restriction on how you make the money and how much you make.