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My Journey to Forex prop trading 60 replies

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

Attachments: prop firm new model - my trading journey
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prop firm new model - my trading journey

Quoting Koop
{quote} MFF traders, y'all still alive?
Struggling I'm afraid.
Never say die
Quoting Mtinifx
{quote} Struggling I'm afraid.
Damn, so the first payout won't come through as expected?

Started trading your FTMO yet?
Quoting Koop
{quote} Damn, so the first payout won't come through as expected? Started trading your FTMO yet?
Just started. And you?

Very quiet market today. Might as well take a well earned break until Monday
Never say die
Quoting Koop
MFF traders, y'all still alive?
So far got 3 payouts from MFF. It has been good. The downside from this MFF is you have to email and remind them to review your account to get your bi weekly payout.
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Got my payment from MFF....

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  • Post #726
  • Quote
  • Edited at 7:09am Dec 26, 2020 3:18am | Edited at 7:09am
Great stuff guys

Well done and very encouraging!
Never say die
Quoting Mtinifx
{quote} Struggling I'm afraid.
Ah well... Slow month for me. Last week I was up $1,000. But this week I'm only up $200. It's the consistency rule. I can't keep on trading to hit my profit target... And breakeven keeps getting hit... Oh well...
Be like water go with the flow
Quoting maflip
{quote} Ah well... Slow month for me. Last week I was up $1,000. But this week I'm only up $200. It's the consistency rule. I can't keep on trading to hit my profit target... And breakeven keeps getting hit... Oh well...
Hi bro

No I decided to trade my own money - double or quits

Well at least I get 100% of any winnings (if there are any!)
Never say die
Quoting Mtinifx
{quote} Hi bro No I decided to trade my own money - double or quits Well at least I get 100% of any winnings (if there are any!)
So I heard we can now disable consistency rule. With tradeoff payout is once a month.

So I see you deposited 5k. Try looking at micro emini futures. Scaling in is better there. Also, your survivability is much higher trading small micro emini with 5k.
Be like water go with the flow
Quoting maflip
{quote} So I heard we can now disable consistency rule. With tradeoff payout is once a month. So I see you deposited 5k. Try looking at micro emini futures. Scaling in is better there. Also, your survivability is much higher trading small micro emini with 5k.
Oh really? Ha ha - they are finding new and inovative ways to make more money - Their OTP for 100k account is nearly a grand now!

Thanks for the tip - I am being very careful! Do you mean US500? What's the ticker for that pair?
Never say die
Quoting Mtinifx
{quote} Oh really? Ha ha - they are finding new and inovative ways to make more money - Their OTP for 100k account is nearly a grand now! Thanks for the tip - I am being very careful! Do you mean US500? What's the ticker for that pair?
OK sorry I see now - micro emini futures. First time I've ever heard of them!

But I doubt if I will change now - hard to teach an old dog new tricks
Never say die
Quoting Mtinifx
{quote} OK sorry I see now - micro emini futures. First time I've ever heard of them! But I doubt if I will change now - hard to teach an old dog new tricks
Try a demo trading there is better for those that likes to scale in. When you add its like one position but averaged. If you close partial, price still remains at the average. Big difference from MT4 brokers.
Be like water go with the flow
Quoting Mtinifx
{quote} Oh really? Ha ha - they are finding new and inovative ways to make more money - Their OTP for 100k account is nearly a grand now! Thanks for the tip - I am being very careful! Do you mean US500? What's the ticker for that pair?
OTP is a rip off at that price. Glad I signed up early. I emailed them to be switched to the no consistency rule option.
Be like water go with the flow
Quoting maflip
{quote} OTP is a rip off at that price. Glad I signed up early. I emailed them to be switched to the no consistency rule option.
So you will be entitled to 10% once a month instead of 10% every 2 weeks?
Quoting Koop
{quote} So you will be entitled to 10% once a month instead of 10% every 2 weeks?
Wow is that the deal! Awful!!
Never say die
Quoting Koop
{quote} So you will be entitled to 10% once a month instead of 10% every 2 weeks?
15% actually I just sent them an email for questions. Still haven't converted. Still thinking hard about this. See the consistency rule is limiting my trading unable to hit profit targets. May seem less but without that rule. My daily TP is going to be more than it is right now. Well see...
Be like water go with the flow
  • Post #737
  • Quote
  • Edited at 1:43pm Jan 14, 2021 1:16pm | Edited at 1:43pm
Quoting maflip
{quote} 15% actually I just sent them an email for questions. Still haven't converted. Still thinking hard about this. See the consistency rule is limiting my trading unable to hit profit targets. May seem less but without that rule. My daily TP is going to be more than it is right now. Well see...
I'm assuming it's your 3rd month with them. Live chat told me its just like the normal plan but you get paid only once a month.

That is, first month, 10% payment after one month, 12.5% in the second month and 15% in the third.

It's basically like FTMO but with a 10% profit split and no challenge. It's only really great if your major goal is to build your real account, start trading it and earning a higher profit split
Quoting Koop
{quote} I'm assuming it's your 3rd month with them. Live chat told me its just like the normal plan but you get paid only once a month. That is, first month, 10% payment after one month, 12.5% in the second month and 15% in the third. It's basically like FTMO but with a 10% profit split and no challenge. It's only really great if your major goal is to build your real account, start trading it and earning a higher profit split
Sounds like they're copying Forextips "agressive" option!
Never say die
Quoting Mtinifx
{quote} Sounds like they're copying Forextips "agressive" option!
Lol i think FT's aggressive option is even worse. You don't get any monthly bonus payments at all. All profits percentages go to funding the real account. If one has the patience, 90% profit split on the real account sounds good, especially because there are no consistency rules.
Jusf FYI. MFF got problem with Paypal right now. They offered Bitcoin or wire but I decided to wait until they resolve issue with Paypal. They have online wallet now. Deposit will be placed on hold there...
Be like water go with the flow
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