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  • #18,541
  • Aug 13, 2023 2:14pm Aug 13, 2023 2:14pm
Quoting 1odi
{quote} from my experience only people that lose money trading call for regulation and so on. and not only in trading, in all sorts of endevours. how the world works has nothing to do with ur posts buddy. best learn how to trade, and if u can t, focus on something else... calling for regulation won t do sh!t for u, nor it will impact the industry. and even if the prop firms go under, u can still trade and be well off rather then ur regular 9 to 5 etc. but then again, that would require beeing profitable.
Exactly right. I was killing it in poker from 2004-2008. I certainly didn't want regulation. The end of poker was the beggining of forex for me (well, a few years later). Then they regulated the shit out of that. Had to go offshore. Then I found prop firms. Why the hell would I want them to regulate and restrict my eanings. Regulation is never for the better of people making money. It's to pretend to protect the people who are losing.
  • #18,542
  • Aug 13, 2023 2:19pm Aug 13, 2023 2:19pm
Quoting pipmaster77
now as I am getting older, intermittent fasting, very low carbs/sugar. Off topic a bit from regulation, but not really....the things the government makes money from, they don't give two shits if it kills you. They will never regulate what you eat or drink. They want you sick. There is more money for big pharma treating the sick, then there is in promoting a healthy lifestyle. Regualtion is all a disguise to make the naive think they are being protected, yet, nothing could be further from the truth.
-Agreed. There is much that can be said about many of these topics.
  • #18,543
  • Aug 13, 2023 2:20pm Aug 13, 2023 2:20pm
Quoting Nsak3y
{quote}-The opposite could be said about this statement. Generally speaking, regulation comes as a result of the minority doing stupid things and/or complaining, which often leads to restrictive, burdensome regulation that ultimately ends up ruining things for the majority. This is true for money laundering laws, terror-funding as well as other criminal activity (scammers). Most regulation in this space (at least where I am) is self-serving and/or restrictive by nature and does not actually protect people from nefarious actors. Also, this is not...
So true. Good regulation actually PROTECTS folks from LOSING money, while bad regulation HINDERS folks from MAKING money. 100% of finacial regulation is the latter.
Where is the regulation to prohibit one from walking into a casino and putting their life savings on black? The regulation to prohibit one from spending their entire paycheck on lottery tickets? There is none, the government has their hands in those pots. THEY DO NOT GIVE TWO SHITS ABOUT YOU.
  • #18,544
  • Aug 13, 2023 2:29pm Aug 13, 2023 2:29pm
Quoting pipmaster77
{quote} So true. Good regulation actually PROTECTS folks from LOSING money, while bad regulation HINDERS folks from MAKING money. 100% of finacial regulation is the latter. Where is the regulation to prohibit one from walking into a casino and putting their life savings on black? The regulation to prohibit one from spending their entire paycheck on lottery tickets? There is none, the government has their hands in those pots. THEY DO NOT GIVE TWO SHITS ABOUT YOU.
i was just about to say guess how many lost their life savings on casinos? how many wanted them shut down, regulated? but it s all black on white written in the fineprint!!!! the truth is this> if 1 is making money, u wouldn t see them coming here asking for regulation. makes sence no? and it s not only about trading, like pip said, happened in poker also. i guess people are envious, and jelous, why should others succeeed and they not? if i can t trade or play ball or shoot hoops, that just means no1 can. therefore the system is rigged cos i m the smartest person alive!!!
  • #18,545
  • Aug 13, 2023 2:32pm Aug 13, 2023 2:32pm
Quoting pipmaster77
So true. Good regulation actually PROTECTS folks from LOSING money, while bad regulation HINDERS folks from MAKING money. 100% of finacial regulation is the latter.
-Yes. Usually, when people talk about advocating for regulation in this space, they do not truly understand what they are talking about, especially if they are speaking about US regulation.

Maybe some countries have better regulation, that actually serves the betterment of the people, but most of what I see here, in this space, is self-serving, restrictive, burdensome and a gross overreach of power. Regulation aside, there is also a lot of hypocrisy and elitism in this space.
  • #18,546
  • Edited 2:55pm Aug 13, 2023 2:39pm | Edited 2:55pm
Quoting pipmaster77
{quote} Right, make everyone get jabbed with a bullshit vax, but be sure to pick up a big mac, large fries and a pack of smokes on the way home. I have somehow managed to stay in fantastic shape since high school sports...... strength training, cardio, now as I am getting older, intermittent fasting, very low carbs/sugar. Off topic a bit from regulation, but not really....the things the government makes money from, they don't give two shits if it kills you. They will never regulate what you eat or drink. They want you sick. There is more money for...
Politicians are too fucking stupid to sell anything to bright people hence why those who questioned all this scam went without getting jabbed.

Look, noone's perfect... even I thought when I was younger that Bill Gates is a good guy, genius from garage etc...
Now, I know he is the lowest piece of shit to ever exits in history of human race. You learn these things gradually, by constantly questioning the main narrative.

You all now know who they are... drug dealers, gangsters, thiefs, liars, pedophiles etc... these are the guys who run the world unfortunately.

This is why God should be dead in their eyes, morality destroyed, perversion promoted etc...

However, I don't really follow this crap anymore. Focusing on oneself is way more productive and better for soul. Feeding with this negative energy is pointless.
Stay awake, question everything! Literally, question everything! It's not easy, but it could save your life and could have saved lives of many victims of this cursed jab if only they questioned all of this. Let this be a lesson!

We all started from some point, some early, some late. But it's important that we start.

(Their symbols will be their downfall).

Take care!
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  • #18,547
  • Aug 13, 2023 2:45pm Aug 13, 2023 2:45pm
Quoting Nsak3y
{quote}-Yes. Usually, when people talk about advocating for regulation in this space, they do not truly understand what they are talking about, especially if they are speaking about US regulation. Maybe some countries have better regulation, that actually serves the betterment of the people, but most of what I see here, in this space, is self-serving, restrictive, burdensome and a gross overreach of power. Regulation aside, there is also a lot of hypocrisy and elitism in this space.
Right, speaking on US regulation on forex.....it is to protect us from the big bad market taking our money....
So, let's lower leverage, I'm actually OK with this 1:20, 1:30 is plenty.
However, FIFO is purely there to hinder profits as is the no hedging. Prohibiting metals and indices? Why? It's almost like the brokers wrote the regulations.
However, the big ones that stand out and make me scream BULLSHIT......
1. The CFTC actually prohibits forex brokers from providing any type of insurance/compensation scheme as all of the other civilized regulation provides.
2. They allow the brokers under their watch to get away with whatever they want. If they were truly concerned about protecting us, why are we prohibited from opening an account with brokers under other regulation...where not only are trading conditions far superior......ICMarkets, Pepperstone, Tickmill, Dukas, but our FUNDS ARE PROTECTED.
US forex regulations are there for one purpose....too many folks moved from futures to spot, the big boys in Chicago paid off whoever, as is EVERY SITUATION IN THE US GOVERNMENT. So they simply stifiled your money making ability with the intent of driving folks back to futures.
Yet, just like everything in thi country, half the folks (we all know who I am speaking about) are blind to the common sense that smacks them in the face every day.
They are either truly that naive or just do not want to see it.
  • #18,548
  • Aug 13, 2023 2:57pm Aug 13, 2023 2:57pm
Quoting TheWraith
{quote} Politicians are too fucking stupid to sell anything to bright people hence why those who questioned all this scam went without getting jabbed. Look, noone's perfect... even I thought when I was younger that Bill Gates is a good guy, genius from garage etc... Now, I know he is the lowest piece of shit to ever exits in history of human race. You learn these things gradually, by constantly questioning the main narrative. You all now know who they are... drug dealers, gangsters, thiefs, liars, pedophiles etc... these are the guys who run the...
The irony is, even as more and more truth comes out on a daily basis, smacking you right in the face, some are still too stubborn to believe it. You are correct, though, take care of one's self and your loved ones.......question everything....only YOU have YOUR best interest in mind.
  • #18,549
  • Aug 13, 2023 3:38pm Aug 13, 2023 3:38pm
Quoting navk
{quote} This comment will ruin you. Being positive and staying positive you can go long way. Having said, if you continue loosing, stop coming here and work on your technicals, emotions. Good luck
I'm not the one blowing accounts left and right buddy. Even if you are just boasting your winners the bs shows. And you completely missed my point btw.
  • #18,550
  • Aug 13, 2023 3:57pm Aug 13, 2023 3:57pm
Quoting noox
{quote} I'm not the one blowing accounts left and right buddy. Even if you are just boasting your winners the bs shows. And you completely missed my point btw.
You know what.

Stop worrying for others.

You concentrate on your own goals and try to achieve.

If I make profit, i am not going to share with you same as you.

So you know what I mean.
Intraday only.
  • #18,551
  • Aug 13, 2023 6:29pm Aug 13, 2023 6:29pm
Quoting pipmaster77
{quote} The irony is, even as more and more truth comes out on a daily basis, smacking you right in the face, some are still too stubborn to believe it. You are correct, though, take care of one's self and your loved ones.......question everything....only YOU have YOUR best interest in mind.
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O yea you better believe cos I'm the only true believer.
And all the maggots came swarming in, leaving their brains (if they have any) behind.
  • #18,552
  • Aug 13, 2023 9:53pm Aug 13, 2023 9:53pm
Quoting Nehemah
{image} The craziest thing I've read in recent months about prop firms
There is more,, including the good ,,
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  • #18,553
  • Aug 14, 2023 3:42am Aug 14, 2023 3:42am
I'd bet money those good ones are the fake people i am talking about in my earlier post.
  • #18,554
  • Aug 14, 2023 3:49am Aug 14, 2023 3:49am
Quoting Takisd
I'd bet money those good ones are the fake people i am talking about in my earlier post.
Maybe, but Pasquale J i have seen this guy in E8 leaderboard and other propfirms leaderboard too
  • #18,555
  • Aug 14, 2023 4:06am Aug 14, 2023 4:06am
Guys, so I am listening to this very good podcast on spotify called The trading Psychology podcast, the hosts are VP and Robb Reinhold, one guy there is a risk manager of a prop firm called Maverick Trading, a prop firm. Any thoughts on their firm? It seems they are a traditional prop firm not the ones that are popping up nowadays and as what I've heard, before you can even trade with them you need to prove that you have a working trading system but I need your insights about them. I really like their podcast tho.
  • #18,556
  • Aug 14, 2023 4:11am Aug 14, 2023 4:11am
Quoting KoyaAndy18
Guys, so I am listening to this very good podcast on spotify called The trading Psychology podcast, the hosts are VP and Robb Reinhold, one guy there is a risk manager of a prop firm called Maverick Trading, a prop firm. Any thoughts on their firm? It seems they are a traditional prop firm not the ones that are popping up nowadays and as what I've heard, before you can even trade with them you need to prove that you have a working trading system but I need your insights about them. I really like their podcast tho.
Maverick Trading is more like education company, not really a prop.. they try to sell your courses
  • #18,557
  • Aug 14, 2023 4:14am Aug 14, 2023 4:14am
Quoting KoyaAndy18
Guys, so I am listening to this very good podcast on spotify called The trading Psychology podcast, the hosts are VP and Robb Reinhold, one guy there is a risk manager of a prop firm called Maverick Trading, a prop firm. Any thoughts on their firm? It seems they are a traditional prop firm not the ones that are popping up nowadays and as what I've heard, before you can even trade with them you need to prove that you have a working trading system but I need your insights about them. I really like their podcast tho.
They used to be everywhere in job advertisements, maybe they still are. Shady.
Stay away.
  • #18,558
  • Aug 14, 2023 4:27am Aug 14, 2023 4:27am
Quoting Boulder
{quote} There is more,, including the good ,,{image} {image} {image}
Wouldn't trust a prop firm with a CEO that can't spell speechless.... half joking
  • #18,559
  • Aug 14, 2023 4:46am Aug 14, 2023 4:46am
Quoting Takisd
I'd bet money those good ones are the fake people i am talking about in my earlier post.
Stats about the super winners are not interested for me (probably totally fake)
But, regarding these super loosers :
A total of 181 challenges without a payout ? Not impossible but difficult. I know that only 0.3% reach a payout on MFF and this is worse. But with a little bit of patience (and no skill), reach a payout, being funded, is possible in the 95% of the cases.
  • #18,560
  • Aug 14, 2023 5:26am Aug 14, 2023 5:26am
Quoting DeltaCapital
{quote} Maybe, but Pasquale J i have seen this guy in E8 leaderboard and other propfirms leaderboard too
Not hard to be in a leaderboard if the account is free. Not saying whoever Pasquale J is is that case, but its something to think about.

I think leaderboards and these competitions are built to change a trader into a suicidal maniac. Trading is about making money not chasing after someone making more money than you
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