It's tough to make predictions, especially about the future...
SlowButSafe All Time Return:
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} UPDATE Mark, the "one-man-band" said he'd check on my ID verification and now I'm verified and good to go. Certainly not recommending DT4X but so far the trading conditions and support have been good. Although having a dead chat box on their website is foolish. You'd think they could at least hire someone named Mobumbadingo from the Congo to man the chatbox. Also, I haven't been able to find any complaints about nonpayment. If I had to guess, I would assume they don't have a big client base and I would imagine the majority of...Ignored
Disliked{quote} Toxic order flow is being identified when huge orders come onto markets and need to consume a lot of liquidity to be fulfilled. Hence we can see liquidity withdrawals in form of huge candle bodies from time to time on the charts when this happens.Institutions can not place whole order at once, so accumulation phase can keep theirs algos busy for several hours or even days I do not think my two 5 lot orders I make twice a day would have such effects on liquidity. After all majority of 'prop firms' operate on demo accounts (and their copy...Ignored
Disliked{quote} I think its an interesting topic re: prop firms and Algo trading. The only thing I will say is that institutional spreads aren't 0 or 0.1 for EURUSD. You can only get retail feeds that low and so all automated trading is toxic on those feeds.Ignored
Disliked{quote} I'm not an expert in the institutional prices but the retail EURUSD spread is not the whole cost. Actually EURUSD is of course maintained artificially low to attract retail who mostly trade this pair, but they are also charged commissions which is equivalent to additional 0.8-1.3 pips. But retail traders don't realize that and hunt for the lowest spread possible disregarding the fact that they pay up to 1.3 in the end, even with the spread of 0.0 pip I guess 0.8-1.3 pips might be close to the inslitutional costIgnored
DislikedCurious if anyone has researched this new firm: https://blueedgefinancial.com/funding/ These two things are very interesting, for me personally: 1. No daily or relative draw-down, so any accumulated profits can significantly increase draw-down protection. 2. 10% profit target to double account size, so a 200K account could get you to 1M after hitting 10% only two times. That being said, the spreads for indices are not very competitive. I asked about the option to roll-over partial profits for additional draw-down protection, but I was...Ignored
Disliked{quote} Hmm, I don't think its that high. I'd say total cost is around 0.8 but you certainly can't get large clicks below 0.5 in cost if you are talking about proper institutional order flow. It really depends on how you structure your liquidity because you can make your own spread by taking a buy side MM and a sell side MM and forming your own spread as well providing those 2 providers have depth.Ignored
Disliked{quote} Just wondering how are things going with DT4X...? few days left to paydayIgnored
Disliked{quote} Interesting first post on FF. I can't even find what the profit split is on their site. And then there are the subjective shenanigans. {image} Looks like an educational site trying to sell their product. They don't offer anything worthwhile for a prop traderIgnored
Quoting Expo33DislikedI can't even find what the profit split is on their site.Ignored
Quoting pipmaster77Dislikedyou are ALWAYS required to keep the 10% profit in the account in order to scaleIgnored
Quoting pipmaster77DislikedI'm 99% certain another white label of Traders CentralIgnored
Disliked{quote} Can't confirm, but based on the setup, I'm 99% certain another white label of Traders Central. One dead giveaway is you are ALWAYS required to keep the 10% profit in the account in order to scale. You can only withdrawal over the 10%, you may withdrawal all profit if you don't scale. This one rule always ties back to Traders Central. I get weekly emails from them to set up my own prop firm. I must be on their list from when I first started investigating prop firms some 15 months ago.Ignored
Disliked{quote} -Hi. It is about half-way down the page. Regarding being at the mercy of their investors (or risk-assessment team), I am not overly keen on this, either, admittedly. However, I suppose that it would seem justifiable and give them cover should they decide to kick gamblers that straddle news or something similar. The way that I look at it, is that this is just another option for traders, and more options and competition in this space is a good thing. Also, most popular firms are not offering absolute draw-down and such quick scaling options,...Ignored
Quoting pipmaster77DislikedIt seems to me their business is as follows....collect the fees of failed challenges and refund the profitable traders because you don't like their risk assessment. Once again, it all comes back to the same......there are two solid, proven options in the challenge/eval model...MFF and FTMOIgnored
Disliked{quote} -I hope that you are wrong about it. To be fully honest, this was the most concerning part of their offerings for me. I asked them a lot about this, because I had those same concerns. Unfortunately, as you say, they can decide, for whatever reason, to close your account. I suppose that any firm could do that, realistically, but it does make you think. I was told many times that it would be very rare for that to happen, but I still have doubts about it. I will say that FTMO was at the top of my list until MFF came along. I was reluctant,...Ignored
Disliked{quote} -I hope that you are wrong about it. To be fully honest, this was the most concerning part of their offerings for me. I asked them a lot about this, because I had those same concerns. Unfortunately, as you say, they can decide, for whatever reason, to close your account. I suppose that any firm could do that, realistically,Ignored
DislikedSome like to use this option, some other les so. Some even have so called "consistency rule" to make it even easier for them.Ignored
Disliked{quote} -I hope that you are wrong about it. To be fully honest, this was the most concerning part of their offerings for me. I asked them a lot about this, because I had those same concerns. Unfortunately, as you say, they can decide, for whatever reason, to close your account. I suppose that any firm could do that, realistically, but it does make you think. I was told many times that it would be very rare for that to happen, but I still have doubts about it. I will say that FTMO was at the top of my list until MFF came along. I was reluctant,...Ignored
DislikedThis is interesting response. Self funded free account might be a marketing stunt based on their response. ASIC doesnt care if I have 1 or 10 accounts with brokers. {image}Ignored
Disliked{quote} Saw this chat on their discord channel for scaling model - https://www.fundedacademy.com.au/ Why would anyone even bother? Looked them up on the ASIC register(cost $9 AUD). the company is registered a few months back. 1 owner - Jack Payne with 100 shares. The registered address for the company is a residential place at St Ives. The cost of the house would be around $3M to $4M. Operating in Australia without any AFSL license in the financial space can be a red flag. I think the business model is primary IB based. They will introduce...Ignored