I know how to trade Bitcoin exclusively very well, only because with my strategy I have access to live open interest data, which isn’t available for other instruments.
The problem is that I use the 5-minute timeframe, and with the vast majority of prop firms, the fees will eat me alive. As for my own capital, I can start with $1,000. What would you advise?
Has anyone successfully used prop firms for intraday trading BTC?
I know how to trade Bitcoin exclusively very well, only because with my strategy I have access to live open interest data, which isn’t available for other instruments.
The problem is that I use the 5-minute timeframe, and with the vast majority of prop firms, the fees will eat me alive. As for my own capital, I can start with $1,000. What would you advise? Has anyone successfully used prop firms for intraday trading BTC?
BTC trading- need advice
byu/PlasticDisastrous232 inCryptoCurrency
Posted by PlasticDisastrous232
5 Comments
> know how to trade Bitcoin exclusively very well
If you know how to trade very well, why do you have only $1,000? Should be rich really quick
Yet on Reddit asking lmao 🤣. What the
ngl starting with 1k on 5min scalps with fees is gonna be rough, most prop firms i looked into have spreads that kill small accounts fast
are you trading spot or perps when you’re using that 5 minute setup? on really short timeframes the hidden killer is usually fees and funding, not the strategy itself. if you’re starting with around 1k it might be worth tracking your exact fee drag for a week first, sometimes the edge looks different once you include those costs.
I’m still learning myself, but if fees are already a concern on a 5 min strategy, that feels like a pretty big hurdle no matter where you trade.
With $1k, maybe it makes more sense to test it on your own capital first and really track how much fees/slippage are eating into profits. A strategy can look solid on paper but break down once those costs are factored in.
Also curious, have you tried running it on a slightly higher timeframe just to see if it still works? Feels like that could reduce the fee pressure a bit if it holds up.