How to manage drawdowns during a prop firm evaluation

Рет қаралды 2,468

Күн бұрын

Пікірлер: 18

@kiktri651 Жыл бұрын

Avec lux on a vraiment la sensation d'être dans une propfirm qui veut nous voir réussir. Seulement les comptes sont trop chers. Faites des prop avec des prix de 70usd et vous prenez tous les participants

@FighterFred Жыл бұрын

Yes, stoploss is crucial. As well as exits, that's where money is made. Instead of beginner stuff, why not make a video about advanced exit strategies.

@LuxTradingFirm Жыл бұрын

Thank you for the feedback, we like the sugesstion, and we'll look into creating a video on exit strategies.

@almarsupot9182 Жыл бұрын

As of today, one the largest trading firm (MyForexFunds) just shut down and cease their operations. HOW CAN YOU BE SO SURE THAT YOUR FIRM WILL NOT BE SHUT DOWN BY THE REGULATORS? ARE YOU A REGULATED PROP FIRM??

@LuxTradingFirm Жыл бұрын

MFF operates on a virtual currency model, where profits for successful traders are funded by the losses of unsuccessful traders. This financial structure resembles that of a Ponzi scheme or pyramid scheme, raising serious concerns about its sustainability and ethical standing. In contrast, our proprietary trading firm utilizes a business model that has been successfully operational for over four decades. We do not distribute earnings to profitable traders from the fees or losses incurred by unsuccessful traders; rather, our profits are generated directly from market activities. It's worth noting that regulatory bodies such as the Securities and Exchange Commission (SEC) typically follow a due-diligence process before taking punitive actions against firms. They generally issue multiple letters requesting information, and only after non-compliance or ongoing violations do they initiate shutdown procedures. Therefore, any regulatory action against a firm like MFF would not come as a surprise to its management, although it might to its traders. As for our firm, although we are currently not subject to specific regulatory oversight-largely because no such regulations exist for our type of business-we are confident that should regulations be imposed, compliance would not be an issue for us. Our business model is built on a foundation of real market activities and is fundamentally different from virtual money trading schemes.

@almarsupot9182 Жыл бұрын

@@LuxTradingFirm Okay thank you for your explanation. Because after the news about My Forex Funds shutting down their operations today, I've become hesitant on taking a prop firm challenge and one thing comes into my mind that I know a reputable firm which is your firm that is not rewarding profitable traders from losing challenge fees. I THINK YOU SHOULD MAKE A VIDEO ABOUT THIS MFF Shutting down incident and then prove that your firm would always be with us even if the regulators started to check all these prop firms.

@LuxTradingFirm Жыл бұрын

@@almarsupot9182 We already made some videos about this topics but we are planning to make some update about this with MFF in it for next week as well our blogger will use this in his topic.

@almarsupot9182 Жыл бұрын

@@LuxTradingFirm Thank you so much for your response Lux Trading Firm! I'm planning to take a prop challenge from you soon. I just wanted to confirm about your operations just to be sure that my money spent from challenge will not go to waste. Thank you so much!

@mzuribeauty4287 Жыл бұрын

@@LuxTradingFirmthanks for your response. Please continue to educate us on how you do business.