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Anyone trading with a Prop firm 1 reply

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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  • Post #6,061
  • Quote
  • Dec 14, 2021 3:54pm Dec 14, 2021 3:54pm
  •  nebby
  • | Joined Nov 2020 | Status: Member | 38 Posts
MFF profit target is 8% over 2 months (with extension), so a system with just 4% a month is all you need. If you can't manage that, then my suggestion is to work on your trading system/technique first. Why rush to failure?
Your worst drawdown is yet to come
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  • Post #6,062
  • Quote
  • Dec 14, 2021 4:12pm Dec 14, 2021 4:12pm
  •  pipmaster77
  • Joined May 2016 | Status: Member | 1,941 Posts | Invisible
Quoting nebby
Disliked
MFF profit target is 8% over 2 months (with extension), so a system with just 4% a month is all you need. If you can't manage that, then my suggestion is to work on your trading system/technique first. Why rush to failure?
Ignored
Yes, that is why my advice now is max MFF first, use profits to get max FTMO, as they do not offer extension. FTMO is literally 250% harder, 10% in one month vs. 8% in 2 months. 24K max loss vs. 20K max loss and $300 less. Looks like it may be time for FTMO to make some adjustments, no?
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  • Post #6,063
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  • Dec 14, 2021 4:26pm Dec 14, 2021 4:26pm
  •  nebby
  • | Joined Nov 2020 | Status: Member | 38 Posts
Yes, using MFF profits to fund FTMO is sensible. FTMO is still the gold standard when it comes to prop firms but I only want to be using MFF profits to fund my FTMO challenges. Agree, its about time FTMO eases some of their passing criteria as very little as changed in the past year.
Your worst drawdown is yet to come
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  • Post #6,064
  • Quote
  • Dec 14, 2021 5:10pm Dec 14, 2021 5:10pm
  •  driven18
  • Joined Jul 2012 | Status: Member | 772 Posts
Only 5 who lasted 8 months...Wow! and I think I know one of them
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  • Post #6,065
  • Quote
  • Dec 14, 2021 5:33pm Dec 14, 2021 5:33pm
  •  Thoughts
  • Joined Jul 2012 | Status: Member | 404 Posts
Quoting Takisd
Disliked
{quote} I doubt FTMO's stats. 8% is breaking broker norms and their audience is equally as stupid.
Ignored
You make a good point, its more or less the same talent pool..
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  • Post #6,066
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  • Dec 14, 2021 5:44pm Dec 14, 2021 5:44pm
  •  Thoughts
  • Joined Jul 2012 | Status: Member | 404 Posts
Quoting pipmaster77
Disliked
{quote} Yes, that is why my advice now is max MFF first, use profits to get max FTMO, as they do not offer extension. FTMO is literally 250% harder, 10% in one month vs. 8% in 2 months. 24K max loss vs. 20K max loss and $300 less. Looks like it may be time for FTMO to make some adjustments, no?
Ignored
1
 
  • Post #6,067
  • Quote
  • Dec 14, 2021 5:47pm Dec 14, 2021 5:47pm
  •  Thoughts
  • Joined Jul 2012 | Status: Member | 404 Posts
Quoting nebby
Disliked
Yes, using MFF profits to fund FTMO is sensible. FTMO is still the gold standard when it comes to prop firms but I only want to be using MFF profits to fund my FTMO challenges. Agree, its about time FTMO eases some of their passing criteria as very little as changed in the past year.
Ignored
If youre using MFF profits to fund FTMO, wouldn't MFF be the standard, and FTMO the auxiliary then?
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  • Post #6,068
  • Quote
  • Dec 14, 2021 6:04pm Dec 14, 2021 6:04pm
  •  Takisd
  • Joined Dec 2005 | Status: Give me all your money for free | 1,953 Posts
Quoting driven18
Disliked
Only 5 who lasted 8 months...Wow! and I think I know one of them {image}
Ignored

8th payout is not 8 months mate. Its 1 month + 3.5 months.

I am one of the 5, whos the rest... Hands up !
 
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  • Post #6,069
  • Quote
  • Dec 14, 2021 6:17pm Dec 14, 2021 6:17pm
  •  Cryptosurf
  • Joined Feb 2015 | Status: Member | 1,336 Posts | Invisible
Quoting driven18
Disliked
Only 5 who lasted 8 months...Wow! and I think I know one of them {image}
Ignored
I think you do

Quoting Takisd
Disliked
{quote} 8th payout is not 8 months mate. Its 1 month + 3.5 months. I am one of the 5, whos the rest... Hands up !
Ignored
Ahem...
Trade with confidence, trade without fear.
 
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  • Post #6,070
  • Quote
  • Dec 14, 2021 6:48pm Dec 14, 2021 6:48pm
  •  driven18
  • Joined Jul 2012 | Status: Member | 772 Posts
Quoting Takisd
Disliked
{quote} 8th payout is not 8 months mate. Its 1 month + 3.5 months. I am one of the 5, whos the rest... Hands up !
Ignored
Congrats Takisd and Cryptosurf on 8 Biweekly payouts!
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  • Post #6,071
  • Quote
  • Dec 14, 2021 7:21pm Dec 14, 2021 7:21pm
  •  Paulscaff1
  • Joined Feb 2021 | Status: Member | 599 Posts
Quoting Takisd
Disliked
{quote} 8th payout is not 8 months mate. Its 1 month + 3.5 months. I am one of the 5, whos the rest... Hands up !
Ignored
Wow, forgot it was bi weekly.......shit

Well done Takisd and Cryptosurf for being two of the five.
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  • Post #6,072
  • Quote
  • Dec 14, 2021 7:27pm Dec 14, 2021 7:27pm
  •  pipmaster77
  • Joined May 2016 | Status: Member | 1,941 Posts | Invisible
Quoting Takisd
Disliked
{quote} 8th payout is not 8 months mate. Its 1 month + 3.5 months. I am one of the 5, whos the rest... Hands up !
Ignored
5 payouts here. Had a couple of rough cycles in October and November. Well done boys!!!
 
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  • Post #6,073
  • Quote
  • Dec 14, 2021 10:17pm Dec 14, 2021 10:17pm
  •  FXTrader.FF
  • | Joined Aug 2015 | Status: Member | 20 Posts
Hello all,

I am fed up with BuoyTrade Prop Firm (https://www.forexfactory.com/thread/...4#post13822894) and don't want to pay fee for any Prop Firm.

If someone believes in MFF, you can pay the fee then I will trade and we share the profit
2
 
  • Post #6,074
  • Quote
  • Dec 14, 2021 10:31pm Dec 14, 2021 10:31pm
  •  Takisd
  • Joined Dec 2005 | Status: Give me all your money for free | 1,953 Posts
Quoting FXTrader.FF
Disliked
Hello all, I am fed up with BuoyTrade Prop Firm (https://www.forexfactory.com/thread/...4#post13822894) and don't want to pay fee for any Prop Firm. If someone believes in MFF, you can pay the fee then I will trade and we share the profit
Ignored

You compared a metatrader chart at a broker which you can execute on, to an investing.com chart which is display only. I don't think I'd pay your fee for nothing. I really dislike buoytrade, especially their arrogant lying owner, but they aren't wrong in this instance.

Edit: I think they will refund your trade, because 1) They aren't a-book and the owner doesnt know shit about what a-book is and 2) they are so small that these things happening reduce sales which is what they rely on.
1
 
  • Post #6,075
  • Quote
  • Dec 14, 2021 11:19pm Dec 14, 2021 11:19pm
  •  inversio
  • | Joined Sep 2017 | Status: Member | 256 Posts
Quoting Takisd
Disliked
{quote} 8th payout is not 8 months mate. Its 1 month + 3.5 months. I am one of the 5, whos the rest... Hands up !
Ignored

congrats ....

and after passing phase 1 what to do. do i need to mail them or is there any option into mff client portal. As there live chat is not available no idea what to do.
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  • Post #6,076
  • Quote
  • Dec 14, 2021 11:38pm Dec 14, 2021 11:38pm
  •  Takisd
  • Joined Dec 2005 | Status: Give me all your money for free | 1,953 Posts
Quoting inversio
Disliked
{quote} congrats .... and after passing phase 1 what to do. do i need to mail them or is there any option into mff client portal. As there live chat is not available no idea what to do.
Ignored

yes you mail their evaluation email and they will give you phase 2.
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  • Post #6,077
  • Quote
  • Dec 15, 2021 2:13am Dec 15, 2021 2:13am
  •  Koop
  • Joined Apr 2016 | Status: Conquistadores' | 1,545 Posts
Quoting FXTrader.FF
Disliked
Hello all, I am fed up with BuoyTrade Prop Firm (https://www.forexfactory.com/thread/...4#post13822894) and don't want to pay fee for any Prop Firm. If someone believes in MFF, you can pay the fee then I will trade and we share the profit
Ignored
Lol How people leave stop losses on around market close/Roll over on a retarded pair such as GBPNZD is beyond me.

Either close the trade and re-enter or take the SL off temporarily... the spike barely ever lasts more than a few seconds.
1
 
  • Post #6,078
  • Quote
  • Dec 15, 2021 2:38am Dec 15, 2021 2:38am
  •  nebby
  • | Joined Nov 2020 | Status: Member | 38 Posts
Quoting Thoughts
Disliked
{quote}If youre using MFF profits to fund FTMO, wouldn't MFF be the standard, and FTMO the auxiliary then?
Ignored
Yes, FTMO is auxiliary but only during the initial funding (i.e. passing challenges) process. I personally place much great value in an FTMO account because of their long standing good reputation (been around at least 4+ years). MFF has been good so far but simply not been around long enough. So as soon as I am loaded up with FTMO, those accounts will then run my best systems. Or it to put it another way, I see FTMO as lower risk than MFF currently.
Your worst drawdown is yet to come
1
1
  • Post #6,079
  • Quote
  • Dec 15, 2021 7:49am Dec 15, 2021 7:49am
  •  Takisd
  • Joined Dec 2005 | Status: Give me all your money for free | 1,953 Posts
Eh, I was dumb enough to read JotaP's bullshit on the "retard" thread because of the link to the gbpnzd chart.

He claims I submitted a screenshot of 60k payout, nope, I only submitted text, I have a screenshot of a recent 20 or so K payout. Then he claims because of the MFF stats saying record payouts are dead, I am a liar, nope, 60k isn't a record payout, they have many over 100k. I have just got a high payout.

Its funny someone who claims to be an educator can be such a fucking moron. I really wish I understood what her problem was.
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  • Post #6,080
  • Quote
  • Dec 15, 2021 8:24am Dec 15, 2021 8:24am
  •  Cryptosurf
  • Joined Feb 2015 | Status: Member | 1,336 Posts | Invisible
Quoting Takisd
Disliked
Eh, I was dumb enough to read JotaP's bullshit on the "retard" thread because of the link to the gbpnzd chart. He claims I submitted a screenshot of 60k payout, nope, I only submitted text, I have a screenshot of a recent 20 or so K payout. Then he claims because of the MFF stats saying record payouts are dead, I am a liar, nope, 60k isn't a record payout, they have many over 100k. I have just got a high payout. Its funny someone who claims to be an educator can be such a fucking moron. I really wish I understood what her problem was.
Ignored
He's part of the moron circle jerk. Their leader Paula tried to stir up over at Babypips and got slapped down, then moved on to FPA and got banned for his idiocy. Then moved on to Trade2win and made a hilarious admission.
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Trade with confidence, trade without fear.
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