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  • #8,661
  • Jun 23, 2022 6:45am Jun 23, 2022 6:45am
Quoting pipmaster77
{quote} Absolutely 100% correct. Just the sheer fact that you get 20-24 times your money to trade (fee vs DD). On top, fee is refunded, you are freerolling, cannot even put a math equation on that. Not to mention, in order to get the personal account to a level where you can pull profits, you need to compound and keep it in there. On top of that, you are NEVER in danger of losing your entire account do to black swan event, broker belly up, etc. In the prop world, you simply take another eval. Using MFF as an example, $1300 for 36K DD......compounding...
Love that magic word "compounding". I wonder how many know it takes just 16 trades of 0.5% profit after costs to get to 8%? Slice n Dice the risk to suit.. just gotta pick em right and survive
  • #8,662
  • Jun 23, 2022 9:22am Jun 23, 2022 9:22am
I think that the chances of a trader passing an evaluation and the chances of a trader blowing their entire deposit at a broker are exactly the same. The difference being the evaluation is cheaper for more capital. If the market hits a lul period that matches your retail strategy, you can easily get to live. Then you just have to preserve it as best you can or go all in and try to pocket big money once. Go all in, hit it. Then coast till payout.

If you trade with risk management, there is no reason at any time to hit any companies daily rule. If you are all in, then you might as ewll go hardcore all in to make it work for you at bigger multiples.
  • #8,663
  • Jun 23, 2022 12:01pm Jun 23, 2022 12:01pm
Does anyone have experience with Traderscentralfund?
  • #8,664
  • Jun 23, 2022 12:27pm Jun 23, 2022 12:27pm
Quoting Takisd
I think that the chances of a trader passing an evaluation and the chances of a trader blowing their entire deposit at a broker are exactly the same. The difference being the evaluation is cheaper for more capital. If the market hits a lul period that matches your retail strategy, you can easily get to live. Then you just have to preserve it as best you can or go all in and try to pocket big money once. Go all in, hit it. Then coast till payout. If you trade with risk management, there is no reason at any time to hit any companies daily rule. If...
Am just wondering with all the data that these prop firms have from the few very good traders they have, is it hard for them to attract really big investors? Am sure mff and ftmo must have some really good traders with proper risk management who can churn out a good positive return of let's say 5%+ month after month. Wouldn't one of their sources of income come from selling these trades from the few exceptional traders on their books?
  • #8,665
  • Jun 23, 2022 12:29pm Jun 23, 2022 12:29pm
Quoting simjo
Does anyone have experience with Traderscentralfund?
Personally, no, too many far better options. However, there is some feedback in this thread, although I do not recall any of it being good. Search bar at the top will pull all posts regarding them.
  • #8,666
  • Jun 23, 2022 1:52pm Jun 23, 2022 1:52pm
Once again passed another challenge in a single day.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-06-24 001949.png Size: 21 KB
Intraday only.
  • #8,667
  • Jun 23, 2022 1:56pm Jun 23, 2022 1:56pm
Quoting navk
Once again passed another challenge in a single day. {image}
how many challenges and/or funded accounts have you blown between now and the last time you did this?
  • #8,668
  • Jun 23, 2022 2:00pm Jun 23, 2022 2:00pm
Quoting muir
{quote} how many challenges and/or funded accounts have you blown between now and the last time you did this?
1000321
Lol
Intraday only.
  • #8,669
  • Jun 23, 2022 2:03pm Jun 23, 2022 2:03pm
Quoting muir
{quote} how many challenges and/or funded accounts have you blown between now and the last time you did this?
There are people struggle to pass even one.
I want to have six funded accounts.
3 from TFF and 3 from MFF
Intraday only.
  • #8,670
  • Jun 23, 2022 2:15pm Jun 23, 2022 2:15pm
Quoting muir
{quote} how many challenges and/or funded accounts have you blown between now and the last time you did this?
How many challenges you passed?
Funded is next stage.
Ha.. Ha..
Intraday only.
  • #8,671
  • Jun 23, 2022 2:32pm Jun 23, 2022 2:32pm
Quoting muir
how many challenges and/or funded accounts have you blown between now and the last time you did this?
-Why would that matter to you?
  • #8,672
  • Jun 23, 2022 2:36pm Jun 23, 2022 2:36pm
Quoting Nsak3y
{quote}-Why would that matter to you?
He was sarcastic at me.
I just turned to him.
Intraday only.
  • #8,673
  • Jun 23, 2022 2:45pm Jun 23, 2022 2:45pm
Quoting Inception12
Am just wondering with all the data that these prop firms have from the few very good traders they have, is it hard for them to attract really big investors? Wouldn't one of their sources of income come from selling these trades from the few exceptional traders on their books?
-From my understanding, as these firms grow, there is little need for outside investors.

I also think that most, larger investors may usually steer clear of such higher-risk investments unless there was some sort of insurance fund set up to cover losses, for example, in the way of a profit share program from challenge fees or similar (or a zero-risk direct-funding model haha). But, I do not see any reason for some of these firms to consider it since they likely do not even need to, and can just keep all of the profits.

I am sure that there are probably investors on the liquidity side, though, but whether or not they have any involvement with the firm might depend on which firm. I would not be surprised if some firms earn from trading data (especially bad trader data), either directly or by way of 3rd-party brokerages that offer deals for bringing on so many clients etc.. I can only speculate, but I suppose that anything is possible.
  • #8,674
  • Jun 23, 2022 2:47pm Jun 23, 2022 2:47pm
Quoting navk
He was sarcastic at me. I just turned to him.
-Yeah, I know. I just do not like it when people are negative to others for no good reason, especially when they are like bullies.
  • #8,675
  • Jun 23, 2022 3:03pm Jun 23, 2022 3:03pm
Quoting Nsak3y
{quote}-Why would that matter to you?
Exactly. If this is treated like a business (as it should be), one would commit X amount of capital as start up costs. If the goal is to get funded 600K, 1 million, 2 million, whatever and YOU HAVE AN EDGE and know what kind of income you will earn once you get there, the number of passed/failed challenges becomes irrelevant (to a point, of course).
To put it another way.......what would you pay for a business which you knew would generate you $300K in profit annually? 500K? 700K? Most traditional businesses take 3-5 years to become profitable and the average cost of a business can be up to 10 times it's profits.
When viewed like this, challenge fees are a drop in the bucket ONLY IF YOU ARE 100% CONFIDENT in the end result.
  • #8,676
  • Jun 23, 2022 3:11pm Jun 23, 2022 3:11pm
Quoting Nsak3y
{quote}-Yeah, I know. I just do not like it when people are negative to others for no good reason, especially when they are like bullies.
It's not pointless and not bullying. At best him posting these are pointless bragging. At worst it's an underhanded marketing tactic. I was pointing out that. I'm sure you've seen tons of shills/fraudsters in the fx world claiming how easy it is just fund an account. Him posting only passing challenges in a day without the honesty of stating how many he failed is the same: it gives the impression that's it's easy, anyone can do it, you can become rich almost instantaneously just buy a challenge now. This thread is supposed to be informative and is very active in pointing out frauds. Maybe he isn't an outright fraudster but that post is dishonest at best.
  • #8,677
  • Jun 23, 2022 3:42pm Jun 23, 2022 3:42pm
How this FTMO Trader made over $500,000 record-breaking profit | FTMO

Inserted Video
  • #8,678
  • Jun 23, 2022 3:56pm Jun 23, 2022 3:56pm
Quoting muir
{quote} It's not pointless and not bullying. At best him posting these are pointless bragging. At worst it's an underhanded marketing tactic. I was pointing out that. I'm sure you've seen tons of shills/fraudsters in the fx world claiming how easy it is just fund an account. Him posting only passing challenges in a day without the honesty of stating how many he failed is the same: it gives the impression that's it's easy, anyone can do it, you can become rich almost instantaneously just buy a challenge now. This thread is supposed to be informative...
To be honest, like pipmaster and takisd have pointed out many times, there are many ways people are approaching this prop firm business. Some take their time and trade with good risk mngt and are just looking for a way to make consistent monthly income while others are just going all in for the challenges and the live accounts and the math like pipmaster has pointed out many times, can still work in your favor even if you take a gambling approach to it.

At the beginning, seeing people posting challenges passed in 1 day was annoying when we all know how hard it is to pass them but by now we all know passing the challenges is hard and keeping the live accounts without blowing up is even harder. But now people have gotten creative and realized even gambling all in strategies can make you profits when done right.
  • #8,679
  • Jun 23, 2022 4:21pm Jun 23, 2022 4:21pm
Quoting simjo
Does anyone have experience with Traderscentralfund?
To my surprise I got paid once (still have the funded account). Review here:
https://www.forexfactory.com/thread/...2#post13975342
I don't recommend them. Shady firm and absolutely horrible customer service.
  • #8,680
  • Jun 23, 2022 4:24pm Jun 23, 2022 4:24pm
Quoting Inception12
{quote} Am just wondering with all the data that these prop firms have from the few very good traders they have, is it hard for them to attract really big investors? Am sure mff and ftmo must have some really good traders with proper risk management who can churn out a good positive return of let's say 5%+ month after month. Wouldn't one of their sources of income come from selling these trades from the few exceptional traders on their books?

I would say that no prop firm has really good traders. I am funded in 3 of them and I wouldn't consider my flow valuable, I just trade little. Investor money would be more interested in buying the business than trading.

I am friends with some people who work for/own prop firms and can tell you that the life span of the prop traders in this market is very low. There is like 0.00001% that are at a few months of trading/getting paid.

In my brokerage years I have seen some good traders but they all had an edge. The edge was either cheating/arb or they were front running futures on cboe. No one using technicals or a broad fundamental strategy made money in the long term (hence why b-book brokerages are still prevalent).

It is ignorant to expect these businesses to execute your trades, or at the very least, execute without an opposing position. The money is trading against the prop traders not trading with them, and that doesnt mean doing dirty tricks, you dont need to.

As much as everyone aspires to be a professional trader with a lambo and 3 hookers in their bed, the reality is that at best you will drive a corolla and hopefully invest what you can get of the industry into something that is more 'sure' like index funds or real estate. You can get a decent windfall from these firms, but I wouldn't quite my job for it, and I'm technically retired.
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