Monkeybuttman

Doctor | Trader | Journey to $1,000,000 Funded. 5% a month.

[Monkeybuttman @monkeybuttman69]

The off boarding is definitely getting worse.
Alphacapital kicked it off with their prime program which is bad. Once you make $40k you’re basically banned.
Fundingpips prime essentially off boards their most profitable traders down to a 50k max allocation. Advertised as make 10% 10 times and you get $2mill allocation which is impossible for 99.9%.
I don’t know the exact details for QT’s but theirs seems to be the only reasonable one with a 25k live account which is essentially a 250k prop account.
This is my last payout but have lost this account since.
Conditions have been rough since the Iran conflict. That could explain the lack of large payouts on timelines.

[Monkeybuttman @monkeybuttman69]

@lanto_trades Comments are hilarious, especially the peptide suggestions.
NSAIDs for 2-3 days will cure it.(Ibuprofen 400mg 3 times a day or naproxen 500mg 2 times a day).
Take with meals.
Gently mobilise your neck (up/down, side to side, gentle rotations) when the pain/stiffness eases.

[Monkeybuttman @monkeybuttman69]

@MTradingX Good luck Mat.
Appreciate the two times you’ve helped me, even though you didn’t know me!
If you ever need medical advice feel free to reach out so I can somewhat repay the favours 😅

[Monkeybuttman @monkeybuttman69]

Personal tip from me after annotating every single turtle soup for 4-5 years DXY/EURUSD data - always alert DXY TVC & DXY CAPCOM Previous day high/low where you’re expecting a sweep.
And also EURUSD & 6e! (EU futures).
TVC & CAPCOM move identically 99% of the time but 2-3 times a year when TVC stops 1-2 ticks short of previous day high/low, it sweeps on CAPCOM like today.
DXY capcom swept PDH inside the Daily sibi this morning & EURUSD swept Asia lows but kept PDL intact inside the daily bisi I.e EU failure swing SMT with DXY capcom. Then confirmed the trade after a further LTF SMT at 02:59/03:00 on London open.

[Monkeybuttman @monkeybuttman69]

@StyleAlexa2 @AlphaCapitalUK @george_kohler That’s crazy. Especially the $677 monthly salary part.
Happened to @Market_Emotions too he was further down the line. They seem to be off ramping even faster now.
@AlphaCapitalUK quickly becoming one of the worst firms.
They unfairly restricted me too

[Monkeybuttman @monkeybuttman69]

@rotrade93 @FTMO_com Conditions have been tough for everyone.
11 months is an impressive run. With that sort of skill, no doubt you'll be back stronger. GL Tim

[Monkeybuttman @monkeybuttman69]

Wish I was kidding 😂
They were my #2 prior to this.
I’m copying to every major prop firm and the ONLY firm that’s given me 0 issues is FTMO. This is why they are the gold standard and incomparable to the rest.
Every single other firm has taken the piss some way or another. Delays, interviews, false IP allegations (tried to ban me for using tradezella), unfair restrictions etc

[Monkeybuttman @monkeybuttman69]

@robinf_x Agree. Commented on a few of @DylanElchami ‘s post to get him to review it but he was having none of it. Probably because it’s a much more profitable model for them but definitely worse for traders

[Monkeybuttman @monkeybuttman69]

@Market_Emotions @AlphaCapitalUK Ah the leverage is the catch. And yes, you’ll likely be stopped before getting to 0 so not the full 10k drawdown.

Indeed it doesn’t make sense to downgrade your DD unless you’re forced to. I brought this up in @george_kohler ‘s post a few weeks ago but never got a response

[Monkeybuttman @monkeybuttman69]

@george_kohler May I ask, as I don’t quite understand. What incentive does an experienced trader have by moving from 300k sim capital allocation to an alpha prime 10k live account? I understand the strategy calls etc but an experienced trader will have their own unique strategy with doesn’t need external input. Essentially moving from 30k drawdown to 10k.

[Monkeybuttman @monkeybuttman69]

@theOTEtrader Pretty much summed it up.
The only profitable thing I’ve done this month is go on holiday for a week

[Monkeybuttman @monkeybuttman69]

Of course I’m not the average trader but I’m not the top 1% either.

Everyone knows 95% fail. Most of them are out by year 2 but they’ve been buying & failing prop the whole way through.
For everyone left after year 2 there’s a decent chance of making it if you keep going and are taking the right steps I.e journaling, tracking discipline, have an edge etc

But saying things like “Do you really think getting Funded once is going to change your life?” is unnecessarily demotivating for the subset of people in between your average trader and the 1% because it can. Funded accounts aren’t designed to be burnt through as you wrote, if they’re managed correctly. Not some influencer BS.

[Monkeybuttman @monkeybuttman69]

I wouldn’t consider myself top 1%.

On my way there but not there yet.

Your thread is essentially about positive expectancy. You say no trader can keep winning nonstop.. but they can, that’s what positive expectancy is.

The question is can survive the drawdown your edge puts you through.

The claim “That means statistically, it is completely & mathematically NORMAL (and even expected) for you to lose a Funded account quickly.” Is incorrect.
If you don’t know how to trade/manage risk it is correct.

Your thread is more suited to people who have don’t have an edge with positive expectancy and shouldn’t be trading prop in the first place

[Monkeybuttman @monkeybuttman69]

@robinf_x Manually trading all of these is crazy work.
Im assuming you're swing trading and using orders.
Im copy trading $3.3 mill with some of the firms you mentioned but i just execute on one 100k funded account and it copies to the rest. Much simplier

[Monkeybuttman @monkeybuttman69]

@srgtrades Large expansion today.
No news tomorrow so would love to see an inside day.
Then Daily FVG formed & Wednesday sweep of PDL/tap into D FVG then push up on news.
That would be A+ for me.
Reversal from PDH setting up the D FVG is an option too but higher risk

[Monkeybuttman @monkeybuttman69]

@apparentlytrder @DarwinexZero Resetting sounds like the right plan

I'm pretty new to it as well so don't really understand the nuances

Are you copying it to a prop firm account with 1:1 risk? I'm copying my 100k fundingpips funded account to the 100k darwin 1:1. Not sure if that's the correct to do