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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}-Oh, okay. I just assumed that MFF, for example, were able to set the slippage amounts based on lot size etc. for their simulated accounts.Ignored
DislikedMy finotive account is officially dead. Forgot a stop loss whilst being in a meeting and I clearly broke their stoploss rule so I yolod and died. Good to have it off my mind, sad they got my money.Ignored
Disliked{quote} they seem to have some rules which are not so good. One can not have more than 3 open positions in same instrumentIgnored
DislikedMy finotive account is officially dead. Forgot a stop loss whilst being in a meeting and I clearly broke their stoploss rule so I yolod and died. Good to have it off my mind, sad they got my money.Ignored
Disliked{quote} Were you notified of the breach of are you assuming that they will refuse if you pass. They told me that we can open a position without stop and enter the stop afterwards in a "reasonable" amount of time. Not sure what reasonable is. They sound too discretionary in rule sinterpretations, anyway.Ignored
DislikedThe topic of slippage is absolutely everywhere right now, every company every user.Ignored
Disliked{quote}-Hopefully, we do not see any firms concede to pressure, either, else we may end up seeing massive spreads and more restrictions in order to counter the abusers.Ignored
DislikedRules or restrictions is more likely like no trades during news and lot size limits.Ignored
DislikedI am also liking what I see with theproptrading. Unlimited accounts up to 500K each. They have a 400K challenge. They also have no minimum trading days, allowing you to pass both challenges and get funded in 1 day. They also appear to not have any trading down-time for withdrawal periods. No lot size limits. The only bad thing that stands out is that they do not allow copy trading across multiple (theproptrading) accounts, so you would have to trade multiple accounts individually. Not a big issue if you are looking to trade on the heavy side. Would...Ignored
DislikedSo do you get a refund something when live account started at MFF ? I heard you get something at the beginning. Second what about payouts, what do I need to sign on Deel. As contractor, do I really need to pay $49 monthly for that ? Any free payout options ? I do not like or hold any cryptos. So what can I do to recieve them ?Ignored
Disliked{quote}-Oh, geez. Okay. Good to know. Thanks. Curious how they are dealing with news traders getting perfect fills then.Ignored
Disliked{quote} This is my experience. Not sure if that's account driven. I don't trade news either but occasionally I have TP or SL filled just after the data release and never had slippage. I hope they don't change thatIgnored