proprietary firm for real?

[everyonerich]

i was approached by someone claim from newly start up fund trading company, and looking for trader.

they willing to back me up and facilitate several trading condition/support. but the terms is i require to put in any amount of money and they'll match it, so doubled the capital.


anyone been such experience before? what are the pros and cons? however they've been honest with me, where they get the liquidity provider, whos the guy running the whole thing, and only few trader joined their company.

 

[N Rothschild]

didnt you just post up saying ur not very good at trading ?

 

[white_goodman]

didnt you just post up saying ur not very good at trading ?

nah he is good at trading... 1 pip take profit 100 pip stop loss

 

[everyonerich]

didnt you just post up saying ur not very good at trading ?

lol.. im posting my mistake and very sad with it. i guess im between rookie and pro trader.. neither good or bad

nah he is good at trading... 1 pip take profit 100 pip stop loss

i had long term strategy with 1:5 risk reward ratio

short term is 1:1.5 risk reward ratio

 

[white_goodman]

i had long term strategy with 1:5 risk reward ratio

short term is 1:1.5 risk reward ratio

you probably do, but you have to admit your journal here and over at ASF were amateur at best

 

[pedro01]

lol.. im posting my mistake and very sad with it. i guess im between rookie and pro trader.. neither good or bad




i had long term strategy with 1:5 risk reward ratio

short term is 1:1.5 risk reward ratio

How do you know where the potential reward is when you enter a trade ?

If the probability of win vs loss is 50:50, and the potential win is 5 times the potential loss, then my hat off to you.

In reality though, the whole concept of risk:reward ratio's is misused heavily.

 

[everyonerich]

How do you know where the potential reward is when you enter a trade ?

If the probability of win vs loss is 50:50, and the potential win is 5 times the potential loss, then my hat off to you.

In reality though, the whole concept of risk:reward ratio's is misused heavily.

im just talking about 100 pips stoploss and 500 pips takeprofit.. please explain more about your 'concept' of risk, reward ratio.. lol

 

[pedro01]

im just talking about 100 pips stoploss and 500 pips takeprofit.. please explain more about your 'concept' of risk, reward ratio.. lol

Your stop loss and profit target alone means nothing. I could enter a trade with a 1 pip stop loss and 1,00,000 pip target, then pat myself on the back about a 1:1,000,000 risk:reward ratio.

The concept is totally flawed. If you had an equal probability of a win or a loss, then a 1:5 risk:reward ratio would mean something. Alone, it means nothing.

It is just another internet trading 'trusim'.

 

[Skill Leverage]

I'd say go for it, it sounds perfectly reputable. They'll probably want you to transfer your half by Western Union to a holding account in Lagos; don't worry, that's the industry standard. Good luck, write to us in a week or two to let us know how you spent your first million.

Yours sincerely,

Mayor Douchebag

 

[cpngtw]

If they require you to put in money in order to trade, no matter how much they "match" it, then 90% it's a scam!

 

[everyonerich]

lol.. thats why im asking. do you guys have any such experience?