SabioTrade Prop Firm Challenge Free Trial

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@yokoyi - 1 day ago

Its a 7-day trial period

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@yokoyi - 1 day ago

Quoted - yokoyi

Its a 7-day trial period

They have this weird-looking trading platform called "Traderoom" but it looks quite user-friendly

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@yokoyi - 1 day ago

Quoted - yokoyi

They have this weird-looking trading platform called "Traderoom" but it looks quite user-friendly

Took a nasdaq buy trade & gold short trade today and made a net profit of $85 USD

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@yokoyi - 1 day ago

Quoted - yokoyi

Took a nasdaq buy trade & gold short trade today and made a net profit of $85 USD

CONSISTENCY RULE: 55%

Today I made an $85 profit which is aligned with the consistency rule. On a single day, I am not expected t make more than 55% of the $10,000 starting account balance (meaning not more than $5,500)

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@yokoyi - 1 day ago

Quoted - yokoyi

CONSISTENCY RULE: 55%

Today I made an $85 profit which is aligned with the consistency rule. On a single day, I am not expected t make more than 55% of the $10,000 starting account balance (meaning not more than $5,500)

Risk Limits

The daily loss limit for the $10k account at SabioTrades is $500

The total loss limit for the $10k account at SabioTrades is $600

SabioTrades Dynamic Drawdown

The drawdown here is dynamic or trailing, which is not very advantageous to traders. When I traded with FTMO their drawdown was static so you could afford to lose any profit you made for the day before losses eat into your original starting balance

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@jay_malema - 1 day ago

Quoted - yokoyi

Risk Limits

The daily loss limit for the $10k account at SabioTrades is $500

The total loss limit for the $10k account at SabioTrades is $600

SabioTrades Dynamic Drawdown

The drawdown here is dynamic or trailing, which is not very advantageous to traders. When I traded with FTMO their drawdown was static so you could afford to lose any profit you made for the day before losses eat into your original starting balance

very tight rules

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@akam_pat - 17 hours ago

Quoted - yokoyi

Risk Limits

The daily loss limit for the $10k account at SabioTrades is $500

The total loss limit for the $10k account at SabioTrades is $600

SabioTrades Dynamic Drawdown

The drawdown here is dynamic or trailing, which is not very advantageous to traders. When I traded with FTMO their drawdown was static so you could afford to lose any profit you made for the day before losses eat into your original starting balance

Static drawdown is obviously better than dynamic

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@xellow - 15 hours ago

Quoted - akam_pat

Static drawdown is obviously better than dynamic

They have their pros and cons. Static drawdown can be abused by you because it lets you squander the profits you have made

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@yokoyi - 14 hours ago

Quoted - xellow

They have their pros and cons. Static drawdown can be abused by you because it lets you squander the profits you have made

You have a point, dynamic draw down makes traders to be more careful and not try to lose what they have already made

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@nsg_usd - 12 hours ago

Quoted - yokoyi

They have this weird-looking trading platform called "Traderoom" but it looks quite user-friendly

some props and brokers usually have this interface, but then managing trades through this platform can be challenging at times.

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@nsg_usd - 12 hours ago

Quoted - yokoyi

Its a 7-day trial period

Looks like it's very new in town.

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@nsg_usd - 12 hours ago

Quoted - yokoyi

CONSISTENCY RULE: 55%

Today I made an $85 profit which is aligned with the consistency rule. On a single day, I am not expected t make more than 55% of the $10,000 starting account balance (meaning not more than $5,500)

This consistency rule is a good rule If you understand it and helps in discipline, but it's limiting because it can make you cut your winning trades short so you can stay within the benchmark.

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@nsg_usd - 12 hours ago

Quoted - yokoyi

CONSISTENCY RULE: 55%

Today I made an $85 profit which is aligned with the consistency rule. On a single day, I am not expected t make more than 55% of the $10,000 starting account balance (meaning not more than $5,500)

They know because it's a small account size traders can easily place one trade with heavy lot size and pass the account.

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@nsg_usd - 11 hours ago

Quoted - yokoyi

Risk Limits

The daily loss limit for the $10k account at SabioTrades is $500

The total loss limit for the $10k account at SabioTrades is $600

SabioTrades Dynamic Drawdown

The drawdown here is dynamic or trailing, which is not very advantageous to traders. When I traded with FTMO their drawdown was static so you could afford to lose any profit you made for the day before losses eat into your original starting balance

I often prefer static to trailing.

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@nsg_usd - 11 hours ago

Quoted - xellow

They have their pros and cons. Static drawdown can be abused by you because it lets you squander the profits you have made

same way trailing can make you lose your account just from one loss that you were busy and forgot to manage especially for traders that don't use SL.

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@nsg_usd - 11 hours ago

Quoted - jay_malema

very tight rules