prop firm new model - my trading journey
I thought we discuss prop firms apologies
{quote} I've said it too many times already, These biweekly guys are a waste of time and effort. The consistency rule is there to keep your profits low... You make good profits and then lose it because of forceful overtrading to respect consistency... You have a bad day with bad losses but you have to take more trades to respect consistency. Pay outs will always be low and how long before you get your 15k real account? Waste of time. I don't know what voodoo they have done to Mtini that won't let him see the truth. It seems anyone settling for these...
{quote} Look, in my view the model is good. I would also say that people are better off going for a 100k account if you can. As far as I'm concerned the amount one can earn on a 10k or 20k account is just too little when compared with all the stress that comes with trading these prop firm accounts. Anyway, if I can pull in a grand every two weeks, that's not bad is it? And of course after a couple of months, the payment amount goes up to 15%
Will put up the proof on my own journal later today.
{quote} I used to think the same Koop and discounted these bi-weekly model prop firms. But have changed my mind entirely. I am doing both as you know from commenting on my journal. They can coincide together I feel quite nicely, depending on what style of trader you are so the consistency rule isn't burdensome. In the end each to their own I guess. {quote} My thoughts entirely Mtinifx. I have worked out the figures and the earning potentially is considerable. When you get up to 15% bi-weekly payouts that is roughly equivalent to 22.5% monthly as...
{quote} I used to think the same Koop and discounted these bi-weekly model prop firms. But have changed my mind entirely. I am doing both as you know from commenting on my journal. They can coincide together I feel quite nicely, depending on what style of trader you are so the consistency rule isn't burdensome. In the end each to their own I guess. {quote} My thoughts entirely Mtinifx. I have worked out the figures and the earning potentially is considerable. When you get up to 15% bi-weekly payouts that is roughly equivalent to 22.5% monthly as...
{quote} Wow Freefox that sounds incredible. Really well done. My congrats to you. Yes please do post the payment. It will be a very big incentive to all of us Yes you are quite right about the 22% and the live account of course which I totally forgot about
Just a quick update as I posted on another journal I would show proof of my latest payment from MyForexFunds account. Well here it is ... image below shows over $2.5k paid into my PayPal account from MFF. This was on top of the approx. $750 I received from them two weeks ago. Very pleased with MFF and also with how my trading is going in general this month all round. Will give a full update later in month.{image}
{quote} Just posted on my journal the details of the MFF payout. As you say 'the proof is in the pudding' and it is a particularly nice sized pudding this month for me
{quote} Goodness me Freefox, $2671 to be precise! Fantastic is all I can say! Did you make $26000 profit on a sole 100k account?! If so that it some going. If you don't mind, I'm posting your payout statement on this thread too because it will be a BIG motivation and incentive for all of us!!
{quote} Goodness me Freefox, $2671 to be precise! Fantastic is all I can say! Did you make $26000 profit on a sole 100k account?! If so that it some going. If you don't mind, I'm posting your payout statement on this thread too because it will be a BIG motivation and incentive for all of us!!
{quote} haha that's solid pay for MFF. good going Fox!!
{quote} Koop we're waiting for you now!
