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  • #16,761
  • Jun 18, 2023 1:16pm Jun 18, 2023 1:16pm
Quoting Nsak3y
{quote}-I suppose, since the firms are fronting a potentially large amount of capital, then maybe there is no way to sustain it over the long-term without perpetual growth, or, without putting limits in place that are based on a floating pool that gets funded by failed challenges. But you're exposing yourself to more regulatory scrutiny at that point.
There is a way, just some instagram kid ain't going to figure it out. No matter how much money they have.
  • #16,762
  • Jun 18, 2023 1:44pm Jun 18, 2023 1:44pm
Quoting Takisd
{quote} There is a way, just some instagram kid ain't going to figure it out. No matter how much money they have.
I would not over look the instant funded accounts as they can provide the prop firm a good low risk way to detect traders who can make long term profits. IMHO that's the account type which will survive in the long run as very few people can flip the account for example 5 times in a row and when someone can do that, then it would be relatively safe to move the client to a-book.
  • #16,763
  • Jun 18, 2023 2:02pm Jun 18, 2023 2:02pm
Quoting TraderTero
{quote} I would not over look the instant funded accounts as they can provide the prop firm a good low risk way to detect traders who can make long term profits. IMHO that's the account type which will survive in the long run as very few people can flip the account for example 5 times in a row and when someone can do that, then it would be relatively safe to move the client to a-book.
Maybe, but you have no data that a trader will be profitable. People look at the equation far too simply.

How people think of prop firms?

Well they make 20% of the good traders and they will make money forever when good ones appear

What they don't see?

No one can predict a supposedly "good trader" and their emotions. Most of them will lose in first 5 months and the money lost will have not been recovered.

From broker data, and the data being hinted to us from prop firms and a little inside baseball, there are only a handful of traders in prop firms who have kept an account over a year. So at some point that trader will lose, so is 20% of the profit enough to cover cost of the trader + the loss + everything else?


If you ask me, the way to handle prop firms trader book is as if its one single entity and not an entity of thousands of individuals, then use that single entity as a single trader and apply some sort of quant strategy to make revenue off the data to hedge the entire book. But it requires your own bridge, your own liquidity networks and the ability to shop liquidity regularly to fit it to the flow type, ticket sizes etc. So it basically cancels out all the eightcap firms immediately.
  • #16,764
  • Jun 18, 2023 2:21pm Jun 18, 2023 2:21pm
Quoting Takisd
{quote}But we all know lamborauls FTMO payout was fake, so wouldnt surprise me if others are running fakes as well. Especially with all the affiliate noise.
Hi Takisd

I had no idea his FTMO payout was a fake.

So FTMO is putting out videos that are blatent lies?

Inserted Video


Thanks
Amanda
  • #16,765
  • Jun 18, 2023 2:40pm Jun 18, 2023 2:40pm
Quoting amandajc
{quote} Hi Takisd I had no idea his FTMO payout was a fake. So FTMO is putting out videos that are blatent lies? https://www.youtube.com/watch?v=AYeC0gCeeOM Thanks Amanda
Someone brought it up recently and we were all reminded of it, that many companies reach out to influencers and offer them a faked account and pay them for the promo.
It can all be faked pretty easily.
  • #16,766
  • Jun 18, 2023 3:05pm Jun 18, 2023 3:05pm
Quoting Takisd
{quote} no man, if i had the answer i would be super rich, but i know there are answers out there. Likely some sort of behavioral system that is used to generate revenue off data.
A behavioral prediction model that hedges the book based on successful traders. There is a hedge fund managed by a bunch of PhDs who are doing the same with options.
  • #16,767
  • Jun 18, 2023 3:46pm Jun 18, 2023 3:46pm
Quoting LehmanBrotha
{quote} A behavioral prediction model that hedges the book based on successful traders. There is a hedge fund managed by a bunch of PhDs who are doing the same with options.
From the databases we are talking about, its most likely a prediction model that trades based on losing traders data.
  • #16,768
  • Jun 18, 2023 4:20pm Jun 18, 2023 4:20pm
Quoting LehmanBrotha
I have 6 figure accs on MYFFX and Funded Engineer that are already live and expecting the first payouts. I am looking to add 2 more no-time limit accs. One will likely be FXIFY (with no time limit addon), but I am open to recommendations for another one. After sorting out 4x no time limit accs, my next stop might be E8 and its Extended program, and only then I'll tackle FTMO/MFF, as it will require higher risk than my strategy allows. List of ones I'm going to skip: The Funded Trader, Funded Trading Plus, Finotive, Bespoke, Funder Pro, Surge Trader...
you may want to look at thetalentedtrader.com they have no time limits too
im doing it thru Mypropchoice 100k TTT gateway though to be cheaper coz,i cant pay it full
Attached Image (click to enlarge)
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https://www.mypropchoice.com/forex-p.../my-prop-fund/

https://www.thetalentedtrader.com/
  • #16,769
  • Jun 18, 2023 4:27pm Jun 18, 2023 4:27pm
already 2nd retry at Mypropchoice,its 30 trading days not calendar days at MPC,i just wait for retry to be safe when near 30 trading days already
  • #16,770
  • Jun 18, 2023 4:30pm Jun 18, 2023 4:30pm
remember when buoytrade was all the hype... hahaha
  • #16,771
  • Jun 18, 2023 4:38pm Jun 18, 2023 4:38pm
Seriously , is there anyone who has actually made at least 2 months of profit using any prop trading firm?
  • #16,772
  • Jun 18, 2023 5:12pm Jun 18, 2023 5:12pm
Quoting Takisd
remember when buoytrade was all the hype... hahaha
they got hit by lucky traders,they only have in house traders now
  • #16,773
  • Jun 18, 2023 7:42pm Jun 18, 2023 7:42pm
Is there a correlation between being an engineer and trading successfuly? Do the ups and downs in prices hav someting to do with what they teach at engineer schools?
Seems like engineers are not shy about throwing around that they are engineers and doIng so well. Maybe props should be lookng for more engineers to buy in.
Or maybe it is a declaration that if they are doing well, it is obviously because they are just smart and educated and their degree shows it, so don't be surprised.
  • #16,774
  • Jun 18, 2023 8:14pm Jun 18, 2023 8:14pm
Quoting OutThere
Is there a correlation between being an engineer and trading successfuly? Do the ups and downs in prices hav someting to do with what they teach at engineer schools? Seems like engineers are not shy about throwing around that they are engineers and doIng so well. Maybe props should be lookng for more engineers to buy in. Or maybe it is a declaration that if they are doing well, it is obviously because they are just smart and educated and their degree shows it, so don't be surprised.
I skipped my senior year in high school and went to Cornell University as a 17-year-old and got my degree in Electrical Engineering and yet I have no pictures of me and my Lambo. So, I would say there's no correlation. Having a brain that operates well in the technical/analytical space helps but at the end of the day if you can't manage your emotions and your risk it won't matter.

And btw, I graduated in 1988 right after the biggest crash since the Great Depression. Funny how no one ever talked about student loan forgiveness back then.
.
Pride always comes before destruction.... -Proverbs 16:18
  • #16,775
  • Jun 18, 2023 10:05pm Jun 18, 2023 10:05pm
Quoting shrezinc
Seriously , is there anyone who has actually made at least 2 months of profit using any prop trading firm?
Seriously, none of us here even pass any challenges. We are only expert in examine what and what not of prop firms, we study prop firm and give suggestions of how a prop firm should or should not be doing. This alone take out all the time and energy do involve in trading.
btw prop firm people are not just lurking here they are seriously involved in the debate here.
  • #16,776
  • Jun 18, 2023 10:14pm Jun 18, 2023 10:14pm
Quoting shrezinc
Seriously , is there anyone who has actually made at least 2 months of profit using any prop trading firm?
I know at least one trader who posts here regularly who has declared he is a multi-months payee. Maybe he will speak up.
  • #16,777
  • Jun 18, 2023 10:14pm Jun 18, 2023 10:14pm
Quoting Expo33
{quote} I skipped my senior year in high school and went to Cornell University as a 17-year-old and got my degree in Electrical Engineering and yet I have no pictures of me and my Lambo. So, I would say there's no correlation. Having a brain that operates well in the technical/analytical space helps but at the end of the day if you can't manage your emotions and your risk it won't matter. And btw, I graduated in 1988 right after the biggest crash since the Great Depression. Funny how no one ever talked about student loan forgiveness back then. ....
Thanks for your honesty.
  • #16,778
  • Jun 18, 2023 11:37pm Jun 18, 2023 11:37pm
Quoting amandajc
{quote} Hi Takisd I had no idea his FTMO payout was a fake. So FTMO is putting out videos that are blatent lies? https://www.youtube.com/watch?v=AYeC0gCeeOM Thanks Amanda
I do not think FTMO faked that 100k payout, I do not think FTMO can degrade to that level coperation with decadent. Now I have looked at the interview which was done in April 2021, that means, probably Lambo Raul made his money on one-sided quick moves happened at that time in March/April.
  • #16,779
  • Jun 19, 2023 3:39am Jun 19, 2023 3:39am
Quoting OutThere
Is there a correlation between being an engineer and trading successfuly? Do the ups and downs in prices hav someting to do with what they teach at engineer schools? Seems like engineers are not shy about throwing around that they are engineers and doIng so well. Maybe props should be lookng for more engineers to buy in. Or maybe it is a declaration that if they are doing well, it is obviously because they are just smart and educated and their degree shows it, so don't be surprised.
You might look into Jung's personality type theory, which Meyers-Briggs developed further. I believe there is a strong correlation between certain personality types and trading success.
  • #16,780
  • Jun 19, 2023 3:45am Jun 19, 2023 3:45am
Quoting abryan
{quote} you may want to look at thetalentedtrader.com they have no time limits too
no proper address, kid CEO, luxury car pics, trading from a laptop on a tropical island...

yeah, this one hits a prop bingo of things I generally avoid.
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