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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
DislikedHearing some big lot traders have started being banned at FTMO and being sent this ...Ignored
DislikedSo FTMO says in the new gambling rule that there is an overall lot size limit here also based on all positions. "In a nutshell, large positions or the sum of the sizes of a combination of several positions at the same time is a very risky approach and certainly not recommended at FTMO." But what are the limits here ? What is the hard overall lot size limit depending on account size ? And it is missing, what kind of overall leverage can be used and if the use of tight stoplosses and risk % per trade can overcome these limits to some extent, as indirectly...Ignored
DislikedSo all in all what FTMO describes as Gambling is not true, it can be true, but it also does not have to be true. It matters how it is done. So their whole argue is Bulls--t!!Ignored
DislikedHonestly don’t think it’s a big deal if you’re smart and trading/flying under the radar.Ignored
DislikedThese kinds of rumors give traders the impression that a firm may actually be concerned about the firm's risk, and not the trader's risk, when in actuality, both should be in-line and in harmony with each other. If the firm were truly concerned about both, we would see smaller leverage offerings, lot size limits, stop-loss requirements, much more realistic (and meaningful) challenge phases, anytime-withdrawals and so forth. But a firm would need to actually be copying trades over for this kind of reality. This would also be more akin to a traditional...Ignored
DislikedI understand what you’re saying, but honestly people are making too far too much of it.Ignored
DislikedSuffice it to say, most who are panicking from it are also those have who have yet to pull a payout.Ignored
Dislikedit s just a warning sign i guess, we ll see what happens in the near future, and how many will keep poppin up beeing banned for gambling from FTMO.Ignored
Disliked{quote}-I think, if firms like FTMO and others want to blacklist gamblers, then so be it. It will be better for the long-term sustainability of the firm. I just think that there are better, more honest ways, to go about it. I also think that such terms should be clearly-defined. As traders (and business owners), we should strive for transparency and honesty with our partners, and that should go both ways. Believe it or not, for me, it is not just about money. I like to do things that I enjoy. That is partly why I chose to learn trading. At my age,...Ignored
Dislikedhttps://www.forexfactory.com/thread/...h%20confidence imo, i think the traders that have funded accounts and getting payouts should be concerned about this. this isn t affecting those who never get a payout, does it?Ignored