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- Nsak3y replied 41 hr ago
-Agreed. Perhaps it would not be fully possible to put a cap on competitors in a free market, without government intervention, but at least significantly raising the bar would help to ensure that the opportunity lasts longer.
- Nsak3y replied 42 hr ago
-Objectively speaking, I do think that the Apex model is much better than what these FX props are doing. However, I also think that the Apex model can (and should) be improved on. Having profit-caps is key (along with minimum trading days between ...
- Nsak3y replied May 5, 2024
-We are in agreement here. But I believe that the original conversation was about people cheating, specifically. This is in accordance with Takisd's previous comments. Perhaps I am wrong about what he was specifically referring to. Either way, I do ...
- Nsak3y replied May 5, 2024
-People win all of the time. Winning consistently is a different matter. -But we are literally talking about people that are cheating, not just gaming the system using statistically favorable outcomes.
- Nsak3y replied May 5, 2024
-Their activity creates additional risk for the firm, which could ultimately lead to the program ending, which would hurt everyone, all without the actual skill of trading. They are cheating their way through it, contrary to honest traders. If ...
- Nsak3y replied May 4, 2024
-I'm not sure what can be done about traders that exploit latency issues, other than ensuring that your feed has no delays. Assuming that I am understanding your meaning about that. I suppose that one way to mitigate hedgers and the like would be to ...
- Nsak3y replied May 4, 2024
-Probably, not much you can do except to wait. Perhaps they are having insolvency issues and actually need more time to recuperate. Before blasting them all over social media (which will probably be your only recourse), I would first look to see if ...
- Nsak3y replied May 4, 2024
-From a trader's perspective, perhaps it would be prudent to choose a prop that we know is employing proper measures to safe-guard against such cheaters. But how to do that without them disclosing their methods and allowing cheaters to gain an ...
- Nsak3y replied May 4, 2024
-Hi, Capa. It seems that there is a misunderstanding, so let me try to clarify. I was simply asking you without actually looking closely at the new model. I saw that it had a max loss as well as a 2% daily. So with that in mind, it made me curious ...
- Nsak3y replied May 3, 2024
-Any way to combat against it?
- Nsak3y replied May 3, 2024
-I am not even trading with FX props, but it's kind of annoying that there are groups of people cheating like this. It's just very selfish as it ruins everything for everyone else.
- Nsak3y replied May 3, 2024
-But what is actually static about it? Max DD, presumably? I guess it doesn't really matter...
- Nsak3y replied May 3, 2024
-What is static about it? Unwritten profit caps?
- Nsak3y replied May 3, 2024
-Always getting cheap jabs in.
- Nsak3y replied May 3, 2024
-Yes. I understand that.
- Nsak3y replied May 1, 2024
-Unfortunately, fining the CFTC will only hurt tax-paying Americans. In an ideal world, the CFTC would be held accountable for their actions through firing, restructuring and/or new legislation to prevent them from operating above the law and ...
- Nsak3y replied May 1, 2024
-If you are insistent on growing your account through prop, then I would recommend that you stay in the US for now, trade with futures props and build your capital that way. Once you have positioned yourself well enough financially, then move ...
- Nsak3y replied May 1, 2024
-I would not say that it is impossible. There is much valuable information within this thread from many longstanding members that are not pushing some kind of agenda. -I would ask what you might hope to get from FX that you cannot get from futures. ...
- Nsak3y replied Apr 30, 2024
-All of the above.
- Nsak3y replied Apr 30, 2024
-Is was also a normal market correction. Dumb money can only delay the inevitable; the market will eventually correct itself.