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prop firm new model - my trading journey 869 replies

So I accepted a Prop Trading job in South Beach Miami 43 replies

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Quoting Koop
{quote} Lol You have all that experience and academic background yet you touted a clearly failing and falling Funding talent as the best Prop firm in the industry. You even claimed they were bound to outlast FTMO because FTMO was stupid enough to copy trades and risk losing their invested capital. Apparently the people with no qualifications could tell it was a shaky business right from the start and saw the crash coming while you the professional were singing their praises and caught with your pants down. Here's my advice - Take whatever qualifications...
I put Qxx on my ignored lists.. not even waste my time on him..
If MFF misses payouts, we here will be the first ones to know since we have many funded traders in this thread.
I just got my live accounts with MFF yesterday and FTMO today, I will definitely inform here if there is a problem with my payout.
Quoting Boulder
{quote} I put Qxx on my ignored lists.. not even waste my time on him.. If MFF misses payouts, we here will be the first ones to know since we have many funded traders in this thread.
Exactly. Here is the irony....he comes to this thread, we tell him who we are using and getting paid by. We also tell him not to use Funding Talent. He not only uses them but touts them as the best and going to outlast who we are using and getting paid by. He gets scammed by the company we told him not to use. Now he is back WARNING us against the companies we recommended in the first place.
YOU CANNOT MAKE THIS SHIT UP.
Btw Since our Residential Sacrificial Lambs are on a break, Takisd not motivated enough to throw away money and Expo still scarred from DT4X,
i have taken it upon myself to purchase a Traders Central Fund Challenge.

As always, the smallest account balance offered.

Witness me burn!!!

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The funny thing is that FT went bust because they didn't know what trading is. They let people who had strategies that require fake conditions, get paid.

There are people who doesn't know what spread is that are crying about their missing 60k payout from FT because they were straddling NFP.

Thefundedtraderprogram is in the same boat. The only reason their leaderboard is as it is is because of pending order peters. I tested whether or not the real conditions exist there just to see what their fate would be... and I can assure you it will be the same.

Theproptrading is the same but they have that whole lot restriction thing on their live accounts, I presume that makes the guys wanting to go all in every trade on NFP with pendings not sign up for them... yet.

Check the various groups around you can see it. When the people who cant trade for balls find out they get no slippage somewhere, all of a sudden that place is the bees knees.
Quoting Takisd
The funny thing is that FT went bust because they didn't know what trading is. They let people who had strategies that require fake conditions, get paid. There are people who doesn't know what spread is that are crying about their missing 60k payout from FT because they were straddling NFP. Thefundedtraderprogram is in the same boat. The only reason their leaderboard is as it is is because of pending order peters. I tested whether or not the real conditions exist there just to see what their fate would be... and I can assure you it will be the same....
Lol More people losing their TPT funded accounts due to trading above max lot sizes. just read from someone who was scheduled to get a $15k pay out in a few days only to ruin it by buying 2 lots above limit.

Also discovered some weird things about TCF and it's white labels, but i'll hold off till i'm sure.......And let them deny me a pay out first.


We all knew FT was heading downhill.... just not how soon. I like how Jessica never fails to remind her fans she was once a professional trader.
Guys my take on this debate is that if someone wasn't paid his profits, he needs to show us the offending trades so that we can see if he/she has a valid gripe!
Until then how can we come to any conclusion as to whether Myff are turing into another FT

Frankly after all my experiences in trading under real conditions of the various servers, FT had the best conditions but they are no longer around of course. Next comes FTMO. When you're actually trying to trade these generally volatile markets, indices in particular, you're better off paying that little bit extra and going for FTMO's server.

The point is (correct me if I'm wrong), you're going to get your money back anyway if you succceed so why not give yourself the best chance of success by chosing the very best trading conditions.
Just to add to my previous post,

Right now I have FTMO server open and spreads are:

9-11 points gold
1.4 points US30
.55 points DAX

That's damn good especially if you're a scalper! Much better then my live FP markets, TradersGlobal, etc.
Quoting Mtinifx
Guys my take on this debate is that if someone wasn't paid his profits, he needs to show us the offending trades so that we can see if he/she has a valid gripe! Until then how can we come to any conclusion as to whether Myff are turing into another FT Frankly after all my experiences in trading under real conditions of the various servers, FT had the best conditions but they are no longer around of course. Next comes FTMO. When you're actually trying to trade these generally volatile markets, indices in particular,...

FT had the best conditions because they were so far under market it was ridiculous....

My motto is if someone says "Great for scalpers" it means the conditions are likely not real.
Hello guys,

Does anyone have experience with BuoyTrade Prop Firm?
What do you think about the BuoyTrade Prop Firm program?

I would appreciate any feedback from you.
Thanks in advance.
Quoting Koop
Btw Since our Residential Sacrificial Lambs are on a break, Takisd not motivated enough to throw away money and Expo still scarred from DT4X, i have taken it upon myself to purchase a Traders Central Fund Challenge. As always, the smallest account balance offered. Witness me burn!!! {image} {image}
It's guys like you Koop that keep this thread ticking over.

Lovely to see a fleet of RSLs showing real proof of trading conditions in other potentially bleek prop firms'.

Let the games begin ...

Masterrmind ........
Master your Mind then Master your Trades
Quoting FXTrader.FF
Hello guys, Does anyone have experience with BuoyTrade Prop Firm? What do you think about the BuoyTrade Prop Firm program? I would appreciate any feedback from you. Thanks in advance.
I've purchased a few of those $68 "one foot in" accounts just because I like to blow things up.

Spreads/execution have been fine. They use GlobalPrime for the broker.

I would usually get my credentials within 2-3 hours. The last one I purchased they emailed and said they were having some IT problems and that it would be more like 10 hours. Jumped on chat and they got it done in that timeframe. Good live chat support.

Can't comment on withdrawals as I've never had the pleasure of requesting one.
"Pride always comes before destruction...." -Proverbs 16:18
Quoting Koop
Btw Since our Residential Sacrificial Lambs are on a break, Takisd not motivated enough to throw away money and Expo still scarred from DT4X, i have taken it upon myself to purchase a Traders Central Fund Challenge. As always, the smallest account balance offered. Witness me burn!!! {image} {image}
DT4X clearly is the best value for accelerated accounts but I was definitely annoyed with their deceptive marketing for their scaling program. Also, who knows how long Mark can hold that one-man band together?

I'll probably try TCF at some point as well. Good luck with that and thanks for being the lab rat for us.
"Pride always comes before destruction...." -Proverbs 16:18
I had a short experience with FT, could not complete the challenge due to all sorts of technical problems from their side. I complained and they blamed either the liquidity provider for the indices malfunction or my risk calculator.

Some indices used to freeze on updating, the reason was a bug that I reported and they never assumed, either by incompetence or bad faith. See image below for an example on US500m.ft:

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Can you see what is wrong? Exactly, tick size is zero. As people that were there at the time know, they purged or reset all accounts that benefited from the bug accusing the traders of opportunism, then withdraw indices from their offer.

Also, NZDJPY (probably other pairs also) had a Tick Value on the specification 10 times higher than expected. This caused wrong results on my Risk Calculator, which needs to consider Tick Value because it is a general purpose Calculator that covers all types of instruments.

To make a long story short, FT was a terrible experience. That's it.
Follow your guts, if you want to lose your money...
I have been cut off from new accounts by the better half Koop.

Don't know what to do with all these credit card points and too many incoming transactions to the bank account some small some big.

Buoytrade I am steering clear of because the guy who runs it is an outright liar. So many things he has said is a load of horse shit that I won't even gamble with that firm.
Quoting JotaP
I had a short experience with FT, could not complete the challenge due to all sorts of technical problems from their side. I complained and they blamed either the liquidity provider for the indices malfunction or my risk calculator. Some indices used to freeze on updating, the reason was a bug that I reported and they never assumed, either by incompetence or bad faith. See image below for an example on US500m.ft: {image} Can you see what is wrong? Exactly, tick size is zero. As people that were there at the time know, they purged or reset all accounts...
That's insane.

Thanks for this post.

Masterrmind .........
Master your Mind then Master your Trades
We all know that most of these prop firms most likely wont be here in 20 years like Takisd said but am wondering if FTMO might surprise us and make the distance. They most definitely copy trades from the traders who pass their ultra rigid in-house risk parameters and they have stuck with the same challenge rules for over 4 years despite competitors shifting shape every now and then. I also read somewhere they are establishing a copy service spin off of sorts, presumably from those top top traders they've screened.
Quoting Inception12
We all know that most of these prop firms most likely wont be here in 20 years like Takisd said but am wondering if FTMO might surprise us and make the distance. They most definitely copy trades from the traders who pass their ultra rigid in-house risk parameters and they have stuck with the same challenge rules for over 4 years despite competitors shifting shape every now and then. I also read somewhere they are establishing a copy service spin off of sorts, presumably from those top top traders they've screened.

The copy service is enough for me to say no 20 yrs won't happen. It always ends poorly especially when you are in the EU and don't have an ESMA license and have banked on the fact you are an education company not trading.

I think FTMO right now has a lot of pressure to payout because the types of traders in prop right now are only looking for one big score. You can't copy traders like that and you still pay them, so your net is like -50k on that customer. If the market ranges I would expect them to show signs of cracking because the ranges are where gamblers thrive.
MFF i think are saved by their daily drawdown rule, in hindsight to me its the better rule because it keeps the wannabes out and the good traders shouldn't have any problem with it. That being said, all the companies look to be under pressure and Julya from FT has made a lovely review that highlights what went on in FT.

Enjoy
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Quoting Takisd
{quote} FT had the best conditions because they were so far under market it was ridiculous.... My motto is if someone says "Great for scalpers" it means the conditions are likely not real.
I doubt if your "motto" Takisd is going to worry people like Tom Hougaard and many others who make a lot of money scalping! The point I was making is valid. Trading conditions on the various servers make a difference. Of course it's a demo account AFA evaluations are concerned and not a "real" account but it's going to be much easier to pass if one is a scalper and if the spread is really tight.

Sorry if my take on FTMO might damage your affiliate commissions from MYff
Quoting Mtinifx
{quote} I doubt if your "motto" Takisd is going to worry people like Tom Hougaard and many others who make a lot of money scalping! The point I was making is valid. Trading conditions on the various servers make a difference. Of course it's a demo account AFA evaluations are concerned and not a "real" account but it's going to be much easier to pass if one is a scalper and if the spread is really tight. Sorry if my take on FTMO might damage your affiliate commissions from MYff

Those I have referred to MFF with an affiliate raise your hand? Oh none?... Actually I want to become an affiliate with Daniel Savages company because maybe he will let me snort coke off his girlfriend ass whilst throwing dollar bills on the ground.

I have FTMO funded too, just like many others and am enjoying the consistent withdrawals from there.

My opinion was based on liquidity and the type of flow that scalping is and how scalping flow is more expensive, nothing more than that. If you are scalping eur/usd for example with any consistency and size your spread is likely to be 0.5 to get a decent fill and even then should get some last look action. Anything better than that is not hitting market.

Whether the program is demo or not doesn't matter so long as it pays.
Quoting Expo33
{quote} I've purchased a few of those $68 "one foot in" accounts just because I like to blow things up. Spreads/execution have been fine. They use GlobalPrime for the broker. I would usually get my credentials within 2-3 hours. The last one I purchased they emailed and said they were having some IT problems and that it would be more like 10 hours. Jumped on chat and they got it done in that timeframe. Good live chat support. Can't comment on withdrawals as I've never had the pleasure of requesting one.
Thank you for your feedback.
Is there any one have withdrawals experience?
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