Pride always comes before destruction.... -Proverbs 16:18
DARWINEX ZERO All Time Return:
2.2%
prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} You can't kill a fly with atom bomb. It is part and parcel of the prop firm game. If it was possible Jessica from Funding talent would be behind jail but she started new scamIgnored
Disliked{quote} Lets give benefit of doubt to TPT but who is stopping them to clearly write rules like MyFF and FTMO? Why to put such conditions after getting profits. Even if trader was gambling dont you think prop firms also tend to advertise as casino no lot limits etc etc. TPT also know if they put such conditions all gamblers run away and they loose signups thats why they don't put such conditions on paper. Only work around with such firms is once you get 5-10% stop trading and wait for withdrawal so they don't bother with such rules.Ignored
Disliked{quote} I pointed out in my post that could be an old account BUT the guy gave examples of what he considers excessive (listen at 9:40). So, he doesn't deny that there is some concept of "excessive leverage", which is unwritten. This is even worse because they announced, loud and proud, that they were removing the size limitation. Now we know that there's no limit, unless they find excessive. Why don't they state a cap like 20, 30 or 50 lots limit, if they think that anything above is "excessive" ? This is shady behavior.Ignored
Disliked{quote} Rest assured every single prop have half a dozen of these rules hidden. Even MFF and FTMO. If they decide they don't want to pay you, they'll make some shit up not to pay you. This is an unregulated market dealing with toy "money". Your suggestion to fly below the radar was mentioned in this thread several times. If people would read the entire thread carefully before diving into prop trading they'd understand what best practices are. Still sucks if this happens to you but if you have several operational funded accounts paying you then if...Ignored
DislikedStill, best business practice is to hear from both sides before crying wolf.Ignored
DislikedThere is something similar but that I can set up in a way than when I buy he continue alone to buy every xx pips the fixed lot I need, or a lite martingale like 0.01 0.02 0.03 max. I remember yes, which is the best? (MT5) Something like this would be super, but for MT5 https://www.mql5.com/en/market/produ...er#descriptionIgnored
Disliked{quote} Exactly. 1. It is the entire point of getting max funding at several firms. You will never be out of business....if one goes bust put another in the rotation. Sure, you've lost time (another valuable asset), but it is a temporary setback and you still have cash flow. 2. Part B of the entire point of getting max funding, make $300, 400K, even upwards of 600-700K with very little risk. One of my firms bi-weekly pay cycle ending tomorrow my max daily loss was 0.7% and my max overall lowpoint was 1.1%. I am not even within 10% of either max...Ignored
Disliked{quote}-Agreed. Unfortunately, when trying to do so, I was banned from their discord within 30-seconds after asking if the rule even existed. And then there is this (no denial of said rule): {image}Ignored
Disliked{quote} Ditto. Typically one should trade as Max drawdown as max available equity for example if one has 100K account and 10K is allowed drawdown one should trade it as 10K account with stop loss based on 10K account not 100K so 2% will be 200 NOT 2000 If some one does that it is unlikely to get payment denied but for most of people it is too boring and doesn't gets kickIgnored
Disliked{quote} Rest assured every single prop have half a dozen of these rules hidden. Even MFF and FTMO. If they decide they don't want to pay you, they'll make some shit up not to pay you. This is an unregulated market dealing with toy "money". Your suggestion to fly below the radar was mentioned in this thread several times. If people would read the entire thread carefully before diving into prop trading they'd understand what best practices are. Still sucks if this happens to you but if you have several operational funded accounts paying you then if...Ignored
Disliked{quote} I haven't watched the video because any social media site that requires me to log in to view a video can fuck right off. But does that video include any response from TPT? Or is it just claims on one side and nothing on the other? IOW is it a balanced and fair review?Ignored
DislikedAnyone heard of https://thorfx.com/funded-account/ saw them listed 2nd on forexpropreviews. Overall drawdown of 15% with 10% target step 1, and 8% step 2.Ignored
Disliked{quote} Never heard of them until now. The 15% drawdown is the bait but in my opinion, if you need 15% drawdown then you're not likely to pass anyways. So you're left with trying to make 10% and then 8% which is not very appealing in comparison to pretty much every other prop firm.Ignored
DislikedI truly cannot even wrap my head around the number of firms popping up on a daily basis now. 90% will not even survive 3-6 months.Ignored
DislikedE8funding I tested their site and it is not possible to make a free trial or purchase MT5, only MT4 do they offer MT5? Also, do they accept that your copy your own trading from another your account at other prop firm? not sure for how they write faqs.Ignored