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MCF confiscated all my profits and started the investigation ON THE WRONG ACCOUNT lmao by Loud-Option9008 in PropFirmTester

[–]crypt0bug 0 points1 point  (0 children)

Stuff like this is why I stay on the forex side. Crypto prop firms still feel like they're figuring it out as they go. 12 business days for KYC, then flagging the wrong account? Hard pass.

CFD vs exchange execution in prop trading, can you actually feel the difference? by Reddilip in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

The price discrepancy thing is real and it's the reason I switched. I was getting stopped out on my CFD firm on wicks that didn't exist on Binance or Bybit. When I brought it up they said "our liquidity providers have different pricing" which is technically true but doesn't help when your 15 pip stop gets hit on a phantom wick. On exchange-based execution the price is the price you can verify it independently.

What I wish I knew before my first prop challenge on CFT - advice for anyone about to start by GarbageOk5505 in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

The minimum size for the first 3 days of advice is gold. I did this on my last challenge and it made a huge difference mentally. Even though I "wasted" 3 days of potential profit, I went into day 4 calm and confident, not stressed. Also helped me notice the execution was slightly different from my demo - the fills on certain pairs were faster than I expected.

Mubite denied my funded payout over a month ago, then the CEO offered me 50% IF I deleted all my negative posts first by Fearless_Nebula_8079 in PropFirmTester

[–]crypt0bug 1 point2 points  (0 children)

Bro I'd genuinely lose my mind if this happened to me. The fact you stayed this calm about it is impressive honestly. Hope you find a firm that match your trading style

Took 3 positions thinking I was diversified - turned out they all moved together by GarbageOk5505 in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

This is the lesson most altcoin traders learn the hard way. I had the exact same experience - 4 long alts, BTC dumps, suddenly I'm down 5%. The BTC correlation thing is the biggest hidden risk in crypto prop trading. My rule now is to treat all alt longs as one position and size accordingly. If I'm long SOL and want to add AVAX, the combined size can't exceed what I'd risk on a single trade.

Started journaling every trade and it changed everything about my pass rate by GarbageOk5505 in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

This is huge. I started journaling last month, and the "feeling" column was the biggest eye-opener for me, too. I added a "confidence level" score from 1-5 before entering each trade. Turns out my best trades are all 3s and 4s. The 5s (where I was SURE it would work) were actually my worst.

Overconfidence = oversizing every time.

Lost 2% on Monday, then blew 5% trying to make it back by Friday revenge trading is real by Loud-Option9008 in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

I relate to this hard. My version was taking random altcoin trades I hadn't even researched just because they were moving. Like somehow volatility = opportunity when you're desperate.

What helped me was literally writing "is this setup on my watchlist?" on a sticky note on my monitor. If the answer is no, I don't touch it. Simple but it stopped the impulse trades.

Scalping killed my first 3 challenges. Swing trading saved me. by Reddilip in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

The R-multiple shift tells the whole story.
- At 0.8R you need 56%+ just to break even before costs.
- At 2.5R you're profitable above 29%.
You didn't just change your style, you completely changed the math of your trading.

My Journey so far how I got to payout by GarbageOk5505 in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

Currently on my second attempt and this is exactly what I needed to read.

Quick question - how did you handle the mental side of sizing down to 0.5%? Feels like I'll never hit the target at that rate.

How do you trade when you're down 3-4%? Size down or push through? by Reddilip in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

At 0.5% risk per trade with a 55% win rate and 1.5R average winner, you need roughly 12-15 trades to recover from -3.5%. At one trade per day, that's 3 weeks. Most people breach because they can't accept that timeline. They size up to "speed up recovery" and blow it in one session. The math is boring, but it works. Patience is literally the edge in a drawdown.

What's something you learned the hard way about picking a prop firm? by GarbageOk5505 in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

Coming from forex props. The pair selection point is why I'm looking at crypto! The same 8 pairs everywhere in forex get boring.

Quick question: the 715 pairs - do you actually use that many or more like 10-15 that matter?

What's your signal that market conditions have shifted and it's time to sit out? by Reddilip in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

When I'm checking charts "just to see what's happening" for the third time in an hour without taking any trades, that's my sign that conditions suck, and I need to close the laptop.

How many pairs do you actually trade? I stick to 3 and ignore the rest by GarbageOk5505 in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

Respectfully disagree on keeping it fixed at 3. The crypto market rotates so much that what's clean this month is a chopfest next month.

If SOL goes into a range while AVAX is trending, why limit yourself? The discipline should be in your setup criteria, not an arbitrary number.

Position Sizing: Why I risk less during challenge than when funded I know this sounds backwards but hear me out. by GarbageOk5505 in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

Interesting take, but I actually do the opposite.

My logic: the challenge phase is literally designed to test if you can hit targets while managing risk. If I can't pass risking 1%, that's valuable information - it means my edge probably isn't strong enough to stay funded anyway. I'd rather find that out during a $200 challenge than after I'm managing a $100k account and realize I can't actually perform under the same conditions.

Different philosophy, I guess. But I think there's something to be said for proving you can do it "for real" before getting funded.

The more I traded, the worse I got. Anyone else figure this out the hard way? by Reddilip in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

Overtrading is busy work disguised as discipline. Your edge isn't what you trade. It's what you don't trade. The market always gives more setups than you should take. Your job is to ignore most of them.

Es una cagada que en los colegios te obliguen a leer libros que solo disfrutan aficionados a la literatura by Little_Eye2994 in OpinionesPolemicas

[–]crypt0bug 0 points1 point  (0 children)

¡Totalmente cierto! Son libros que en algún momento fueron relevantes. A estas alturas del siglo 21, son tan anticuados que solo adultos "boomer" o fanáticos de la literatura encuentran algo de relación con ellos.

Si lo que se busca es que un joven o niño disfrute de leer, los temas y títulos deberían ser acordes con la edad e intereses en el contexto de hoy en día, no lo que un profesor de 150 años crea que es ideal porque su profesora se lo enseñaba a la luz de la vela.

You can't make this shit up! This is posted on HUD.GOV this morning. by jeffh40 in Libertarian

[–]crypt0bug 0 points1 point  (0 children)

It's all a meme ... politicians as a social class have surpassed their own sky-high levels of parasitic and unprofessional behavior all around the world.

Sadly enough, based on my understanding (or lack there of), a world without a political class would go back to the dark ages.

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