DislikedWow, the recent posts sure seem to express a lot of underlying jealousy regarding those of us succeeding with prop firms. MFF essentially gives you 8 weeks to make 8% if you use the extension. It's really not that crazy a target. They also pay 2% on phase 1 profit and 4% on phase 2 and refund the initial fee with first split. Then they pay biweekly, 75% 1st month, 80% 2nd and 85% third. 100:1 leverage, 12% max DD. What is it you guys need beyond this? Is it just to come on here and bitch about how horrible prop firms are? Yes, 90-95% fail, right...Ignored
Well not from me, I’m 6 months in with MFF and have no real complaints.
However the stretch targets are only there to trip up traders and churn entry fees. Having to roll the dice on a few occasions to get % in the eval/challenge phases just sets you on the back foot, either by blowing it or encouraging gambling to get a short term gain.
So is it really in their interest to risk a lucky few gambling on 200k accounts for a single 5 figure payout never to be seen again until they’ve done the same at the next firm?
Or (shock/horror) would they be better off awarding funds to a trader 5 months profitable out of 6? The serious folks would still be chipping away while the ea cowboys would be clogging up the online support of another company….
But cash flow is king and it comes from the failed accounts (at least I think this is the business model) so let’s hope it’s sustainable because I’m enjoying getting paid to trade!
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