Head of Trading and Risk-Management at
@The5erstrading
and
@TradeThePool1
|
Past Options Commodity Trader |
Tennis Lover |
Data Analysis |
From France ๐ซ๐ท๐ฅ
You are always wondering how looks like a trader's desk in a Hedge Fund.
You will have below your answer.
Every professional traders have multiple screens. Some have 3, others have 4, and some even more.
When I was trading Options professionally, I had 6 screens.
And I canโฆ
To celebrate my entry on the Twitter game, I am giving away 2 High-Stakes 5K Evaluation Account (2-step challenge)๐ผ๐ฐ
How to win? ๐ฐ
1. LIKE + RT
2. Tag 2 Friends
3. Follow
@The5ersRuben
+
@the5erstrading
Deadline: 02/07/2023
Call me Daddy Ruben...
Just passed the best 48 hours of my life, even with 3 hours of sleep.
Being a dad is so exciting.
I will be less active in the next few weeks, but I am still watching you between the naps time ๐
There is a big misconception about the relationship between a trader and a prop firm.
At the beginning of an evaluation, traders are the client. We, as the prop firm, provide the trading environment for assessing your trading skills.
Once you become funded, the roles reverse.โฆ
It always amuses me when traders claim to make a 30% profit in a single day...
No structured system, purely directional trading, no edge, and no risk management.
It's just pure gambling. ๐ฒ
Based on standard deviation and statistics understanding, they could lose it all theโฆ
The prop firms that will survive are the ones that have a a strong and robust risk-management desk.
It's a combination of data understanding, machine-learning process, and extensive capital market knowledge to diminish the risk efficiently.
Adaptation and reactivity are theโฆ
Some traders are still struggling to manage their trades effectively due to the market volatility stemming from recent events in the Middle East.
While the situation remains uncertain, it's worth considering how markets have historically responded.
In my view, tensions andโฆ
Well.
This is known that in the industry, there are more and more abusers, and people that are manipulating the system.
As a Head of Risk at
@the5erstrading
, I can assure that we do our best to tackle those concerns in order to keep a healthy environment and the longevity ofโฆ
After
@Gil_BenHur
shared his story last week, I'm here to share mine โ a real trading story with important lessons.
A few years ago, I was trading Options in Oil (WTI) for a hedge fund. Typically, as the week drew to a close, we aimed for reduced market volatility and lookedโฆ
(1) - Top Left: Oil (WTI) and Sugar (SB) futures price on 3 different timeframes
(2) - Top Mid: Correlational assets such as Real Brazilian, DXY, US Indices and VIX. When there was an important event, I would add the specific asset on that screen.
(3) - Top Right: Impliedโฆ
@TraderBach
The risk taken on the high capital evaluation (starting from 250K) is relatively high, for the 2-steps model.
The performance of this program is instable and have a high standard deviation.
It doesn't surprise me to see some props offering this being in trouble.
The only wayโฆ
I find it amusing that many people criticize prop firms for their risk restrictions, payout denials, and other controversies, yet those same guys often don't even pass the evaluations by blowing 10% in 3 days...
Stay modest and realistic.
Well, if everyone is discussing about passing rate of the evaluation programs, let's share a nice indsight.
Our 1-step program, called Hyper-Growth, has a passing rate of 21% in a year.
This is one of the highest in the industry. Last but not least, every 10% profit you doubleโฆ
Hope this clear a lot of doubts and misconceptions about how a real fund is operating.
When a trader is funded, he becomes the contractor and he offers the service to us.
He is providing the market knowledge and the trading system. On the back-end, we are leveraging this dataโฆ
๐The5ers Founder Addresses Prop Firm Regulations & The Situation
๐In this video, The5ers CEO Gil Ben Hur Addresses Prop Firm Regulation and the Situation With My Forex Funds.
๐ฅWatch here:
High 5!
Meet Elon, our new Risk-Manager at
@the5erstrading
He is responsible to monitor the fund's exposure.
However, he sleeps all the day on his desk... ๐ฅ
Any recommendations? Should I fire my own kid? ๐ถ
#RiskManagement
#LittleBoy
#DadAndSon
Excited to host a Q&A session on our Discord Channel today at 12:15 PM GMT!
@the5erstrading
๐
Getting ready to answer your questions and engage in some interesting discussions with all of you. See you in a few hours! ๐
#Trading
#Transparency
#The5ers
#Fund
@TraderBach
This number is astonishing.
This type of scenario will rarely happens at
@the5erstrading
When someone pass the evaluation phase, we make sure that the trader worked under the rules and is not making any manipulations. If there are some red lights, we don't take the risk toโฆ
A trader registered with
@the5erstrading
in Nov 2021 for an Instant Funding Evaluation.
2 Months later he was funded. As of today, he passed 2 levels, multiplying by 8 his trading capital.
He has withdraw 17 times his profits.
Consistency and discipline are key๐๏ธ
#PropTrader
Call me Daddy Ruben...
Just passed the best 48 hours of my life, even with 3 hours of sleep.
Being a dad is so exciting.
I will be less active in the next few weeks, but I am still watching you between the naps time ๐
A remarkable trader across multiple funded accounts has successfully executed over 28,000 lots, equivalent to a staggering $2.8 billion in market volume! ๐
Almost no one can achieve this on a personal account, but with our funding opportunity, we're making it happen for you!
Of course, let me remind you that any trader have his own setup and habits.
No one will tell you that you need 6 screens to be profitable.
I am just sharing an insightful part of my starting path in trading.
Never be alone when you are a retail trader. It can be very frustrating at some point.
Join a community of strong talented traders, and grow with them.
So, do like this little elephant and join the tribe ๐
Little throwback from the Serengeti (Tanzania ๐น๐ฟ) last year.โฆ
Stay humble, you're not here to impress anybody except yourself.
Even more when you trade FX, overleveraging your account, on your mobile, and drive a rental lambo.
The less you show, the more you're geniune.
#Reality
Nowadays, one of the biggest threat are the abusers, thinking they can manipulate the environment.
Believe me, I can produce a Hollywood film with all the scenes we're facing on a daily basis.
๐ฌ๐ฌ๐ฌ
Lastly, no need to add that when I see someone posting on X, a position on MT5 from mobile with a 100 lots full drift on Gold before news, I am laughing internally.
2024 is coming โฐ๏ธ
I am very eager to know where the prop firm industry will go to.
In my opinion, we are still at the early stage. โ๏ธ
For that reason, only companies with strong technology, data understanding and solid risk models will make big steps forward.
Do you guysโฆ
@TraderNOK
@TraderBach
Anna is actually trading a $1,280,000 account.
In the past, we had a trader that manage 3 accounts of $640,000, aproximating 2mn in management in total.
Generally, people that reach too fast the higher account will fail at some point due to the high volatility of theirโฆ
@_DidZW
You raised some interesting points, therefore let met answers to few of them:
1- Challenges are not getting easier. Only the new prop firms that want to come with a new marketing effect are decreasing some parameters, which lead to serious risk issues after.
2- The objectiveโฆ
Must-attend live event for traders that want to understand how regulations will affect our industry.
At The5ers, we have legal frameworks and guidelines in place to continue our operations confidently.
See you this Monday guys !
#propfirm
#regulations
#The5ers
๐ฅLive stream with Gil Ben Hur, founder and CEO of The5ers, to address concerns regarding the Forex
#propfirm
industry. You cannot miss this if you want to know whatโs going on behind the scenes.
๐Set a reminder:
๐Sep 4, 9 AM ET
High 5!
With some of the European Indices making an ATH earlier this year, following with the Nasdaq today, it seems everything will explode in 2024.
A decrease in US interest rate was expected, but the market still exagerately reacted.
2024 -> RISK ON ๐ช
I am probably the most optimistic guy you never met ๐ค
All started, when I was 12 years old, there was a fire in my building in the early morning. We all woke up because of the smell.
All the habitants needed to be ready to evacuate in case the danger increase.
What was myโฆ
@propsafeio
This doesn't makes sense at all.
If the trader has a profitable strategy by trading small TF and small pips movement, the firm can directly connect his account to the live quotes.
By that, the company will avoid getting discrepancies in P/L.
Congratulations to
@AceChidFX
and
@kexan254
for winning a 5K High-Stakes account ๐
Hope to see you guys performing in the evaluation.
Check your DM for getting your account !
Well, most of you guys chose execution over spreads, and I think the same ๐
Of course, it's very difficult to dissociate the 2 elements as they're complementary.
However, you can have very low spreads and get executed few ticks after. In that case, the spreads means nothing,โฆ
Just a small question for you guys, I think it's interesting to know.
If you will have to choose:
1- Do you prioritize better spreads?
OR
2- Do you favor superior execution?
#Trading
#Spreads
#Execution
@Khldfx
@luya_madiba
@the5erstrading
In order to keep authenticity of the giveaway, it's better for the inside marketing team of the prop firm to run it.
I will also bring it to the table.
Fair rules for everyone.
@Limitless_Noman
If you trade directional trading CFD, you only need 1 screen, maybe 2 to be optimal.
If you trade other instruments such as Options and need strategies to hedge your portfolio, the more is better.
Lool at my pinned post on my profile ๐
Amazing trader, with a profitable and consistent system.
The scaling we provide at
@the5erstrading
leveraged his talent.
Happy to have him amongst our best traders!
Had one of the most challenging and hilariously entertaining sessions ever! ๐คฃ
The concept is truly unique and incredibly engaging to watch.
#PropTrading
#OneToOne
Thank you for bringing this to the table !
This is the result of few years work of aggregating data feed from several liquidity providers, to provide the most stable execution platform.
Most Stable FX Eval World Execution/Liquidity Provider Performance Award during the Sunday XAU event...
To surprise of absolutely NO ONE...
Goes to...
@the5erstrading
Stable price and reasonable execution delivered despite some of their LPs having more significant wicks
After the recent incident in the Gold market, where many brokers experienced price discrepancies, it's essential to clarify some key factors when considering joining a trading firm based on their trading conditions.
I'd like to highlight the 3 crucial factors to take intoโฆ
@forexdesucesso
Brazil is the most larger producer of Sugar.
Sugar is generally correlated with Real Brazilian movements, depends of the period and cycle.
This is why the Real was always in my watchlist.
Most people think a 25% portfolio return is better than a 20% return.
What if one portfolio has 10% volatility and the other has 70% volatility.
You guys tell me!
In light of recent dramas which have lead to a total misunderstanding and misconception of how a fund is operating, it is important for us to help clear the air.๐งน
@GilBenHur285508
and
@Alexander5ers
will discuss about all of this in a YouTube live today. Stay tuned and join usโฆ
Trading conditions/commissions are a vital part of one's trading edge...
When traders take an evaluation they are tested in all of the conditions of the real market.
How do we know if a trader's edge is profitable if we change the conditions on the live-funded accounts?โฆ
Hey 5ers,
We are aware of the recent event involving another company in our industry. We understand that this has caused a lot of discussion and questions about the consequences for our industry.
We want to assure our traders that The5ers is operating in accordance with strictโฆ
Here we are!
@the5erstrading
You cannot find better anywhere else.
- Indisputable Reputation
- Best Rules
- Best Education Resources
- In-house Techonology
- Best Trading Conditions
You must like us ๐ซ
#PropFirm
#Trading
#The5ers
The5ers goes unlimited time on all programs ๐ฅ
BOOTCAMP - Best funding for your buck
Low entry fee, and pay the rest upon success! ๐
HYPERGROWTH - Get paid + Bonuses from the first objective.
Scale up to 4 million. โญ
HIGH-STAKES - high-risk-high-reward.
The fastest scalingโฆ
Enjoy your Sunday everyone!
Small throwback to the Safari in Tanzania ๐น๐ฟ
You understand how small you are when you face a massive elephant... ๐
@TraderBach
We also own our own technology. We have awesome in-house engineers and devs.
One way to find it is to find prop firms that were established before FPFX or other providers started. By that, you can be sure older prop firms have their own tech.
Of course, there are someโฆ
Reviewing all payouts from this month at
@the5erstrading
. Crazy growth!
The largest single payout was...
Irrelevant to you!
The5ers traders: Focus on your own process, own system and own improvement. And one day you will know you are the largest payout of the month.
The prop firm industry shares a resemblance with launching a Shopify drop-shipping store, featuring low barriers to entry.
The firms that will last are those equipped with solid risk management protocols and a penchant for data-driven decision-making. ๐
To celebrate my entry on the Twitter game, I am giving away 2 High-Stakes 5K Evaluation Account (2-step challenge)๐ผ๐ฐ
How to win? ๐ฐ
1. LIKE + RT
2. Tag 2 Friends
3. Follow
@The5ersRuben
+
@the5erstrading
Deadline: 02/07/2023
Let me clarify few things:
1- The chart is the SP500, after specific war moments during our history.
2- This twit is not an investment advice, but just a data information regarding market's reaction after historical war.
3- This is a long-term data perspective. Looking at theโฆ
Traders think that the only possible strategy in the market is to go either LONG or SHORT in an instrument. In few words, predicting the asset direction.
However, there are so much other alternative strategies available, along with other instruments.
Do you guys know?
๐ข Few statistics about our Funded Traders in July at
@the5erstrading
๐ EURUSD dominates trading volume.
๐ฐ Gold and GBPJPY lead in profitability for our Funded Traders.
๐ฏ Stay tuned as our traders showcase their remarkable skills!
#FundedTraders
#TradingSuccess
#The5ers
@TraderBach
Nice question.
The essence of a prop firm is to collaborate with profitable traders. No doubt on that.
However, most of the "profitable" traders are successful in the short-term in the industry, according to the rules and conditions.
A prop firm must have a clearโฆ
My first step in the financial markets was through Options Trading in the commodity markets for a hedge fund (Oil and Sugar mainly).
The vision of the market when you trade another instrument is so different.
Are there some traders understanding Options Trading here?
Just a small question for you guys, I think it's interesting to know.
If you will have to choose:
1- Do you prioritize better spreads?
OR
2- Do you favor superior execution?
#Trading
#Spreads
#Execution
At
@the5erstrading
you trade directly through our top-tier several liquidity providers.
We are agregating the best spreads, and you get one of the best execution because of the various feed we receive.
#Execution
#Spreads
#Propfirm
Competition is rude in the trading industry.
However, traders or youtubers are still preferring comparing between the parameters of a program (0.01% improvement there and $3 less for the price) instead of analyzing the value the firm have to deliver:
A scalper can work few minutes/hours per day, and end up making his daily target.
A day-trader or a swing trader, need always to be aware of the market movements, as most of the time he will be exposed to the market. Therefore, the pressure is higher.
What do you think?
๐ 2. Semi-final First Round ๐
@the5erstrading
-
@SmartPropTrader
0-0 โ๏ธ
First of 3 rounds, who takes the last spot in the final? ๐ฅ
๐25 account giveaway:
โก๏ธ Vote
๐ฅ Tag 2 friends
๐ Retweet
๐ฒ Follow
@PropFirmMatch
and
@FundedTradingP
โฑ๏ธ 22 hours
๐ณ๏ธ Vote now โฌ๏ธ
August Agenda!
Tons of insights, and techniques that can be applied to your day-to-day trading.
This month we'll have a few special guests
@scruffytrader
,
@cwillsmstrades
, AnnaFx
Links will be down in the description ๐๐
@the5erstrading
@isaacthequach
Even if you're B-booked, it doesn't matter. The firm should respect his engagement and stand along those traders.
The opportunities are there for every consistent traders.
The way the prop firms assess the risks behind for them is another subject ๐
@cwillsmstrades
In other words, any positions you take have a thorough comprehension of the risk taken.
I'm willing to bet that 99% of Twitter didn't grasp what you just said... ๐
@FundTraders
Appreciate your feedback. This is with this type of clear and transparent details that we can improve and provide better conditions.
Regarding Crypto spreads, this is something we can definitely reduce. As you may know, we have several LPs, so we will do our best to aggregateโฆ
@TraderNOK
From what I checked here, as long as you offer the exact same program, with only few different parameters, the passing rate should be the same. We are not so far. I will provide soon other insights ๐
If the passing rate highly derive from the industry average, there are 2โฆ
@oesnetwork
False.
The Hyper-Growth (1-step) program have an higher passing rate than the High-Stakes (2-step) for 3 reasons:
1- Only 1 step, so you increase your chance of passing
2- There is a daily pause at 3% that save many traders
3- There is no Daily Loss
@cwillsmstrades
I did not know that Kelly was a formula... ๐
It should be a surprise for most of the traders in X to get this type of indsights.
More seriously, I never used it but the calculation makes totally sense to me.
@Gil_BenHur
Insightful story, it could have been a disaster as well as the position was running.
Sometimes, the market gives you some gift ๐
Should I share a similar story when I was trading Options in Oil?
@PropJournalist
Very nice graph.
BUT, It's very easy to misinterpret the data.
Any prop firm that provide excellent trading conditions, instant execution, tighter spreads, will go bankrupt with such ratios.
Therefore, the chart shows the correct data, but an erroneous message.
@ajap74
Astonishing returns.
The track record is for 18 months, and generally the market have a clear cycle for this type of period
It would be interesting to see how you perform when the cycle changed, and check the results in a longer time perspective.
Keep going man!
@TraderBach
@TraderWarner
Understand your point.
Of course, the big majority are legit traders. Some already profitable, some in their learning curve.
They're all wanted in our industry, and especially at
@the5erstrading
Are Payment proof channels important in Discord?
We have many new traders wanting this on our server, but what benefit does it really have?
I think Daniel sums it up nicely.
@the5erstrading
@TraderJayro
@the5erstrading
@Alexander5ers
If a trader succeed to reach this level, we will already have earning through the previous stage, allowing us to leverage his capital and provide him a salary.
We are looking at the overall book at The5ers, and not an individual trader. If the trader is trading with high volume,โฆ
@Khldfx
3 solutions:
1- Adjust the price for each program to break the arbitrage opportunity. This means every prop will need to adjust together this. However, the talented genuine traders will got affected. Not likely to happen.
2- Sharing data between props after we get the consentโฆ
Prop trading success is definitely to be consistent on the long-term, and not just payout gains.
Behind the payouts, prop traders often invest significantly in evaluation before getting funded.
Remember, we often only see the payouts without knowing the costs involved.
@Capital_Hungry
Happy to see someone understanding how professional traders in big institutions are operating.
Coming from an Options Desk background, I can only confirm that having a strong understanding of stats, and Data using Python/C+ is a must.
MT5 can only serve as executing andโฆ
@TraderBach
@TraderWarner
It is well known that there are a short bunch of people, abusing the prop firm industry by malicious intents.
They are a small number, but they keep growing steadily.
While they are probably 2% of the whole sample, it takes 50% time for the firm to eradicate them.
@TraderJayro
@tradertristian
Just to make it clear, I played with the statement a little bit, because he said 95%... I found it funny to highlight the 5% who are missing.
Of course, it does not explain anything about how we operates with our system and onboard our successful traders.
@Greckothe1
In which account there is a sell 8 lots on Gold at $2,020? *Joking*
Very tricky to trade Gold recently, with all the political events, macro-economics factors, and close to the end of the year. That leads to serious volatility.
Good job for catching the move ๐๐ป