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Anyone trading with a Prop firm 6 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

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TODAY ONLY !
Quoting sampat
{quote} I see only difference activation fees . I would prefer model 2 as it is cheaper and only pay activation premium if you pass.
model 1 has no feed instead model 2 has feed
Extreme gut feeling trader
Quoting Stoneyrocks
{quote} no consistency rule on evaluation for model 1 <> model 2
thats nonsense evals rules mean nothing uts all about sin n they both have consistency
Extreme gut feeling trader
Quoting TrAndy1
1. There is no big money to be made anymore from props. It gets harder and harder every month with all the new rules. So the consequence would be trading on personal. I can only encourage do at least both and you will see over time that trading on personal is much better. Today I am up +37k in Euro on my personal. 2. I got payouts with delays of 1 week from Quant Tekel. The latest announcement says that you will do another payout cycle with consistency rules and wait another 2 weeks for payouts. I complained that I wanted to request payout next...
Tell point number 1 to Monty.
Thanks for stopping buy and blessing us with your positive vibes
I don't think it is true even with CFD props, you just have to have control on trading outcome.
Quoting montygoldy
received MFFU LIVE account
Btw perk for Live is i can withdraw anytime and 90% split...
-I'm just curious... what is the advantage of trading a live account with MFFU over trading your own account? What are they offering you? Thanks.
E8markets model 1 dont have 40% rule on evaluation only in funded, model has in both but is cheaper
its good offer from them model 1 is like takeprofit tradeify and MFFU, 98 with some discount maybe goes for 80 or less
model 2 is cheaper 68 but has consistency rule in evaluation
Quoting Novazor
E8markets model 1 dont have 40% rule on evaluation only in funded, model has in both but is cheaper its good offer from them model 1 is like takeprofit tradeify and MFFU, 98 with some discount maybe goes for 80 or less model 2 is cheaper 68 but has consistency rule in evaluation
Yes but they have 2% daily pause which is even absurd. You can't trade news which is even worse as on CFD they allow every thing even on funded account but futures they know spreads are tight news straddle is best way to pass eval thats why prohibited.
Quoting sampat
{quote} Yes but they have 2% daily pause which is even absurd. You can't trade news which is even worse as on CFD they allow every thing even on funded account but futures they know spreads are tight news straddle is best way to pass eval thats why prohibited.
of course they cant make it easy for us or they will bankrupt quick
MFF and others have to a kinda a payout limit tradeify is 3k MFFU 1200
Quoting montygoldy
{quote} model 1 has no feed instead model 2 has feed
Monty i forgot to ask you how many contracts you can open in your MFFU live funded? is the same margins has tradovate broker?
Upcoming changes at Tradeify for next year ;


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Quoting Stoneyrocks
Upcoming changes at Tradeify for next year ; {image} {image}
Are they good changes? Just reading the text there seems to be way too many rules for my old brain.
Quoting TrAndy1
{quote} Just repeating my warning against Tradeify as months before on FTT, they rug pulled everyone knows. They are no way better but they changed the rules so many times in the last weeks
so many times ? Complete BS

On 24 of october , he made the following announcement , almost 1 month in advance of the change to take place on 19 of november
and the announcement of today is also 1 month in advance

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Only change was removal of the DLL

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this was the promise Brett made and he kept his word ;

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Scott from FTT offered 20 accounts from the start , Tradeify went from 5 to 7 and now back to 5
Scott decided to run away with millions instead of paying out , does not say anything about the sustainability of the STF model

Maybe do some research before spreading lies , thank you ..(just go over all the announcements in their discord)
  • Post #45,034
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  • Edited Dec 7, 2024 1:58pm Dec 6, 2024 7:34pm | Edited Dec 7, 2024 1:58pm
Quoting Takisd
{quote} Are they good changes? Just reading the text there seems to be way too many rules for my old brain.
I think so ;

reducing the drawdown because of the gamification of the industry

introduction of profit goals between payouts against flipping

reducing max accounts from 7 back to 5 , can only improve sustainability

from 2 to 3 payout windows per month and somewhere in 2025 complete removal of windows …..anyone who does not like that ?

I have followed FTT and Tradeify closely , a difference of day and night in all aspects
and FTT only had straight to funded , Tradeify has 2 other programs besides that
Quoting TrAndy1
{quote} You are foolish. They are changing the rules on the fly constantly every few weeks or months. It does not matter, I was generally speaking for most prop firms. On my prop I see rule changing every 4 weeks or so. It is not a hard rule, exactly 4 weeks of course after atom clock. But if you want to understand me wrong and shit around, hell yah stop it...I hope you are not on the payrolls of criminals, spreading info that prop is the game to go and easy money to be made. It is not the case in real....
You were not speaking in general terms , read what you wrote here :

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who is the fool here ?

This old fool of 67 made enough money in his 3 years at an old school prop firm to retire
Besides babysitting my 5 grandchildren ( I really have no other choice so no time for other stuff) ,I am fascinated by all these new prop firms


P.S. you were going to sue me , I made you the offer to contact me for my address , still waiting for that …
Quoting TrAndy1
{quote} You are just a loosing trader. I do not care and I hate them. I shit on loosing traders as I am winning and I can win more if you are loosing. So keep loosing and spend all your money on trading to make the profitable traders richer. That is all you can do for us privileged.
Prop firm earning is for aquiring decent capital in a fast track way.

After doing that, One should invest, let us say 50k with a notmal mt4 broker and trade regularly.

This 50k too can be split into 5 different broker. Trades can be copied using trade copier.

Prop firm will loose its charm after some time.

Monty has 1 year plan. Not for life long
Intraday only.
I don't understand why people think too much about future. All I care is whether I get payouts in 1 or 2 months. Apart from that nothing is guarantee. No matter how absurd logic people give.
People should realize that this is not GIC or treasuries or bonds where you invest today and wait for years to get returns.
Prop firms are not meant for long term investments. Prop firms paying now doesn't guarantee they will pay in future. Classic example FTMO and 5ers. Try to get 50K or 100K in one payout they will either BAN you or put a condition where you can't risk more than 1% per trade. Same prop firms were paying same amount 2 years back easily because there were lots of signups.

Thats why one should never invest heavily on prop firms only REINVEST profits and play with house money.
Not sure why people think straight to fund models are scam. By this logic all B-Book brokers like Forex.com are SCAM. These straight to funded models have trailing drawdown, consistency, payout caps. Plus they will put you on live.

Pardon my language but Prop firms are like HOOKERS you pay to get pleasure, milk them slowly rinse and repeat, if you fall in love and make them wife or husband don't expect loyalty and cry like whining kid.
The average salary around the world varies. Let’s take the global average as a benchmark. Data shows that for Switzerland, as one of the countries with the highest wages in the world, it is around 6,000 USD (adjusted for PPP, or Purchasing Power Parity, constant). For the US, it is about 4,000 USD per month, for Canada around 3,000 USD per month, and for Australia approximately 3,500 USD per month. In countries like mine, the standards are far below those of advanced countries above. Indonesia, for example, is only about 350 USD per month. Therefore, the opportunity to earn higher income a month in developing countries is much greater than in advanced countries in this prop game.

Source:
1. https://countrycassette.com/average-...-country-2023/
2. https://www.visualcapitalist.com/ran...es-by-country/

For any type of prop firm, whether backed by a broker or not, one of the best game rules is to provide static drawdown and a reasonable profit target (e.g., around 6%) with a very small daily risk limit, such as a maximum of 0.5%, to delay payouts from happening too quickly. However, this is challenging for most traders to achieve; 6% in a month is extraordinary when working with such a small daily risk, unless the prop firm does not impose risk limits or consistency rules, which might encourage gambling. A 10% target is too high. You need to generate at least 10% or more if there is a static drawdown rule; only then can you withdraw profits. How long would it take if data science suggest that a trader's average profit is only 3% per month? This is the fundamental point.
And, behold, with every hardship comes ease:
Quoting Stoneyrocks
{quote} You were not speaking in general terms , read what you wrote here : {image} who is the fool here ? This old fool of 67 made enough money in his 3 years at an old school prop firm to retire Besides babysitting my 5 grandchildren ( I really have no other choice so no time for other stuff) ,I am fascinated by all these new prop firms P.S. you were going to sue me , I made you the offer to contact me for my address , still waiting for that …
Don't question TRANdy, he/she/they/them/ze/zer is an expert on every subject
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Pride always comes before destruction.... -Proverbs 16:18
Quoting sampat
I don't understand why people think too much about future. All I care is whether I get payouts in 1 or 2 months. Apart from that nothing is guarantee. No matter how absurd logic people give. People should realize that this is not GIC or treasuries or bonds where you invest today and wait for years to get returns. Prop firms are not meant for long term investments. Prop firms paying now doesn't guarantee they will pay in future. Classic example FTMO and 5ers. Try to get 50K or 100K in one payout they will either BAN you or put a condition where you...
The hooker example made it very easy for me to understand.
Love Cars & Money !
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