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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
DislikedI notice that prop firm that give account automatically after phase 2 end up as demo account claiming live
with 5ers you will have to wait for 24hrs before you can receive your account from managers.Ignored
Disliked{quote} Haha.. with TFTP, you had to wait until Sunday to activate your 'LIVE' account. Angelo improved their system several months ago to activate on Sunday and Wednesday.Ignored
DislikedWhat if props decide they want to only keep those traders that are A book worthy? I don't mean the fake A book but those traders whose signals are good enough to be used in the real market? That way their main source of revenue would become the market and not challenge fees. That should clear about 95% of the riffraff that includes the yolo 1-3 day challenge passing traders.Ignored
Disliked{quote} Its because they were using money mules and got called out/reported, uhoh.Ignored
Disliked{quote} 3. the traders don't exist because market cycles generally kill retail traders.Ignored
Disliked{quote} It's likely that. It's serious offense with all those laws of anti laundry, anti terrorism and so on.Ignored
Disliked{quote} Anyone you mean, many guys from SMB capital lost money in 2022 due to market change. I mean the only way to avoid that is to stop trading the certain strategy after an abnormal level of drawdown has been reached. And hopefully have another strategy in your arsenal that will be actually performing.Ignored
Disliked{quote} Anyone you mean, many guys from SMB capital lost money in 2022 due to market change. I mean the only way to avoid that is to stop trading the certain strategy after an abnormal level of drawdown has been reached. And hopefully have another strategy in your arsenal that will be actually performing.Ignored
DislikedI'm stuck with 3 payouts, waiting and waiting... 5ers it's tomorrow a week since I asked for it. Their excuse is that the risk manager had a baby (I know this is true because I saw in twitter) so they are having backlogs in payments --- In Alpha I requested a payment on Friday by Bank wire. They say maybe on Thursday I will receive it. They were fast in approving it but seems slow to receive. --- FXIFY used to be super fast, just a couple of hours. Yesterday I requested a payout, received an automatic email (still referring to Deel !) and nothing...Ignored
Disliked{quote} 3. the traders don't exist because market cycles generally kill retail traders.Ignored
Disliked{quote} I think it is more about having a flexible strategy that is adjustable to new environment, so it can fit to new market dynamics. And not so about having MANY strats.Ignored
Disliked{quote} Question is how do you decide if a trader is worthy to be A booked or not? Don't we already have traditional prop firms doing that? I dont understand why people care about A-Book or B-Book. I will trust more B-Booked prop firms than A-booked, simply because 95% of traders fail. If anyone expects prop firms will A-Book just passing 2 phases is like PIPE dream. One needs to have alteast 3-5 years of solid data.Ignored
Disliked{quote} Yes, unfortunately, I think the industry is done. The CFTC knew exactly what they were doing UNRIGHTFULLY closing MFF. The impact on the industry makes it so they don't even have to go after any others. Only one I'm shocked about out of the 3 you mentioned is the 5%ers. They only have one staff member handling payouts?Ignored
Disliked{quote} How many traders does he have trading for him? 5% of that is a large pool. Don't forget, this pool tends to grow overtime because those who are consistent in lot size, technique and safety tend to stay trading and not vanishing in a day/week/month. All you have to do is look at signal sites like mql5, Zulu, eToro and even Darwines and Axitrade. There are lingering pools of traders working towards a goal. They aren't asking for 3-5 years of solid data. You go tell those sites, their traders and signal buyers that they are having wet PIPE...Ignored