@BelladoneDC@louisregis If early users receive tokenized equity, how will the fair market value of the equity be determined at the time of distribution, given that Propr is still privately held?
The scary part of a prop firm was never passing the challenge, but what happens after.
You pass. You make money. And then you find out whether they'll actually let you withdraw it, or whether you're about to spend three weeks in a support queue staring at a "pending" status.
That fear is completely reasonable.
It's why payouts are the first thing you should check with any new firm.
@ProprXYZ handles payouts in one of the best ways in the prop trading industry.
Payouts are verifiable, on-chain, in USDC, on demand, and you can watch the transactions yourself on our transparency dashboard.
If payout anxiety is the reason you've never tried a prop firm, I'm happy to walk you through how Propr works.
If you want to pass your @ProprXYZ challenge, you just have to respect one number.
Let's use a 1-step 25K account as an example... with 10% profit target, 3% daily loss limit, and a 6% overall drawdown cap.
There's no time limit, which is exactly what changes everything.
With no clock running, patience becomes a real strategy.
You don't need a heroic week, you need a steady one.
The trap most people fall into is the daily loss limit.
3% of 25K is $750, and if you're sizing big on volatile pairs, you can hit that on a single bad morning.
So size for the bad days, not the good ones.
Risk a fraction of a percent per trade, and a normal losing streak never gets you near that wall, while you've got all the time you need to grind out the 10%.
There's no hidden consistency rule either, so you're free to trade how you actually trade.
RISK MANAGEMENT BABY... RISK MANAGEMENT!
@Oz_Meritocrat@ProprXYZ People often fail to act on what they know is right, yet they end up doing what they know is wrong. It’s a mindset issue. And unfortunately, I’m lacking in that department too. Haha.
Before you give any prop firm a single dollar, build the habit of asking to see their actual numbers.
Most can't show you, or won't.
The industry just went through a stretch where over 30 firms collapsed, with plenty of them taking traders' money on the way out.
So "trust us" doesn't cut it anymore, and it shouldn't.
What we do at @ProprXYZ is that we publish all of it on a public page.
- Revenue
- Payouts
- Pass rate, etc
All updated live.
You can go look right now without signing up for anything, at https://t.co/Sq0qhDg4eJ.
If a company won't show you how it's actually doing, that tells you everything you need to know.