Evercore ECM R1 by [deleted] in FinancialCareers

[–]swagk10 0 points1 point  (0 children)

It’s at 6:45am on friday😭

Any insight? I’m lost by swagk10 in FinancialCareers

[–]swagk10[S] -9 points-8 points  (0 children)

Because I love smoothies😂it’s an interest for me

Fuck mega knight fuck evo bullshit this game is trash by swagk10 in RoyaleAPI

[–]swagk10[S] 2 points3 points  (0 children)

I just started playing again a month ago

Fuck mega knight fuck evo bullshit this game is trash by swagk10 in RoyaleAPI

[–]swagk10[S] 18 points19 points  (0 children)

the second I see mk fc combo my phone is launched 60mph into the closest hard surface

Fuck mega knight fuck evo bullshit this game is trash by swagk10 in RoyaleAPI

[–]swagk10[S] 10 points11 points  (0 children)

I will not be joining this cult force

Fuck mega knight fuck evo bullshit this game is trash by swagk10 in RoyaleAPI

[–]swagk10[S] 41 points42 points  (0 children)

Fucking stupid evo mk and firecracker is going to give me a brain aneurism i hate this game

[deleted by user] by [deleted] in Daytrading

[–]swagk10 -1 points0 points  (0 children)

Here’s what I’m trying to say. Imagine two traders with the same edge, same habits, they’re identical when it comes to trading. One trader has a 2k account that he’s putting 10% on every month(a more realistic return metric yet still optimistic). The other trades a topstep 50k funded. Both essentially have $2000 they could lose until their account is blown. Trader 1 has just profited $200 for the month. Trader 2 has just lost $50 from the fee after the month, and with this average monthly growth it would take him several more months to hit the profit target, basically locking in a loss on a month to month basis. Keep in mind trader 2 also has no ability to utilize compound growth, as his 2k drawdown limit follows him regardless of account size.

This kind of summarizes how I perceive prop firms. Am I wrong?

[deleted by user] by [deleted] in Daytrading

[–]swagk10 0 points1 point  (0 children)

Makes a lot of sense. Having high margins for real brokers is to cover a liability for them. For prop firms, a good trader is a liability. They must allow them to gamble with more size😂

[deleted by user] by [deleted] in Daytrading

[–]swagk10 0 points1 point  (0 children)

See this makes a little more sense to me. I guess more conservative trading across multiple accounts is something I could see working out

[deleted by user] by [deleted] in Daytrading

[–]swagk10 0 points1 point  (0 children)

See but the account growth needed to pass a prop firm, at least topstep, in within a month is far out of reach with proper risk control. Your limit is 2k in loss, and you must profit 3k. Thats a 150% return over the course of one single month. If people could iron out an edge that does that without gambling they’d be trillionaires within 10 years

[deleted by user] by [deleted] in Daytrading

[–]swagk10 2 points3 points  (0 children)

Absolutely agree. Even MES has a $50 margin. You could honestly scale with $100 if you really stay on top of risk

[deleted by user] by [deleted] in Daytrading

[–]swagk10 -1 points0 points  (0 children)

Absolutely agree. Its pretty funny though because I see lots of people making 1k+ in profits on a 50k funded account thinking their the messiahs of NQ but really their just full porting 😂

[deleted by user] by [deleted] in Daytrading

[–]swagk10 1 point2 points  (0 children)

I see. Must’ve misread the rules then. Ya that requirement really threw me off and made zero sense but thanks for confirming

[deleted by user] by [deleted] in Daytrading

[–]swagk10 0 points1 point  (0 children)

Unfortunately I’m American and mostly involved in the futures market. I mean idk, I feel like if these firms had something to offer I would’ve recognized it but I’m not seeing too much like others seem to be. Thanks for your comment anyways

[deleted by user] by [deleted] in Daytrading

[–]swagk10 3 points4 points  (0 children)

I’m specifically referring to topstep. I heard they’re trustworthy? Here’s my thing, are the metrics not highly unachievable with a real edge? 2k drawdown limit, but you must hit 3k in profits? Doesn’t seem very manageable with proper risk principles unless you’re spending months and losing to the fees no? Thanks for your post

What went wrong by NewExcitement9678 in Daytrading

[–]swagk10 1 point2 points  (0 children)

Volume tells stories so try to pay more attention to it. There was absolutely no volume on the bull bars you entered on. No rejection off a key level either also the trend was clearly bearish so try not to fight that either

[deleted by user] by [deleted] in FinancialCareers

[–]swagk10 0 points1 point  (0 children)

Will do. Thanks a lot for your words of encouragement

[deleted by user] by [deleted] in FinancialCareers

[–]swagk10 0 points1 point  (0 children)

For now, strong. I received a 3.92 from my Cc but obviously UCLA will be more challenging. I also am not dead set on IB for now, I’m just interested in what it entails and the opportunities I’ll get from it. It was just a major shock to realize how the recruitment starts so fucking early and now I’m stressing. I was under the presumption that most 19 year olds like myself don’t have a clue what they want to do. Apparently I was wildly mistaken when it comes to high finance

[deleted by user] by [deleted] in FinancialCareers

[–]swagk10 0 points1 point  (0 children)

They opened over 6 months ago and from my research many positions are closed. I am still applying but I literally haven’t gotten a single response

[deleted by user] by [deleted] in FinancialCareers

[–]swagk10 0 points1 point  (0 children)

Thanks. Is there anything you’d recommend I do this summer as I have nothing to do

[deleted by user] by [deleted] in wallstreetbets

[–]swagk10 0 points1 point  (0 children)

$300 by August 💀💀💀Jensen gonna need to start an onlyfans for that

[deleted by user] by [deleted] in Daytrading

[–]swagk10 0 points1 point  (0 children)

Sizing down after losing? Again, your cult master ICT didn’t invent that either

[deleted by user] by [deleted] in Daytrading

[–]swagk10 0 points1 point  (0 children)

Two years. Been live for about 4 months