Prop Firm Hub | Page 930 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Anyone trading with a Prop firm 33 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #18,581
  • Aug 14, 2023 12:29pm Aug 14, 2023 12:29pm
Quoting genuine007
so here is the latest updates after 1 week and this update is very bad all gains lost.. live accounts are below the initial balance now as you can see have no energy to write big.. as i travelling a lot from 2 days... very tired. stop losses got hit.. nothing done manually... will rest compeletely tomorrw.. correct my psychology and then from wednesday i will find trades first i will target to come to breakeven forget about profit now {image} {image} {image} {image} {image}
Focus on one account at a time, once you secure profit withdraw in one account and then work on 2nd account. You don't need to rush since nowadays there is no time limit.
  • #18,582
  • Aug 14, 2023 12:34pm Aug 14, 2023 12:34pm
Quoting Capablanca
{quote} That's weird because he also said in Telegram that despite they worked on a pool with other props, some months, to ban cheaters, they had stop doing that and share no information with anyone. If this is not an internal match, with solid proof (which is acceptable), then it's very bad for the image of honesty that they were trying to build.
One client was banned because they found 2 similar trades between him and another client. That was 2 trades out of 30 and they weren't even opened at the same time. The second case was related to a trade during news where they found one similar trade closed at the same time with another trader. The reason was most likely slippage during news which can cause a big bunch or trades to be closed at the same price. This is quite typical during news times but for them it is proof of copy trading. Both banned clients had 200-300K equity and been trading with them for a longer time. Looks like they have lost a lot of business by not providing unlimited and now have difficulties paying out for the bigger profits.
  • #18,583
  • Aug 14, 2023 1:01pm Aug 14, 2023 1:01pm
Quoting genuine007
so here is the latest updates after 1 week and this update is very bad all gains lost.. live accounts are below the initial balance now as you can see have no energy to write big.. as i travelling a lot from 2 days... very tired. stop losses got hit.. nothing done manually... will rest compeletely tomorrw.. correct my psychology and then from wednesday i will find trades first i will target to come to breakeven forget about profit now {image} {image} {image} {image} {image}
Thanks for being honest btw. We are here to learn from the mistakes. So many just boast on these forums. But these ones tends to have value at least. I notice myself how once it seems one got a system all goes perfect for weeks. Then yea it happens. But at least one keeps learning.
  • #18,584
  • Aug 14, 2023 4:31pm Aug 14, 2023 4:31pm
Quoting Capablanca
Just a bit update from my side: 1. MFFx -> I've already received the 4th payout. Despite being an 8crap, so far so good. Payouts in Deel the day after (unfortunately no crypto payouts available). They have one of the best payout processes (if not the best) because we request the payout, that is immediately deducted from the account and we can go on trading without interruptions. 2. FXIFY -> 3rd payout received. The first one is requested immediately after we close the first trade, if that's positive. They pay in Deel the next business day. 3. Alpha...
There is something I don't like with FXIFY : their chat support. Absolutely slow....generally the guy answer just 1-2 times (when you are lucky)
  • #18,585
  • Aug 14, 2023 7:41pm Aug 14, 2023 7:41pm
Quoting Boulder
{quote} I absolutely love MFFX because of its fast payout,, Today I got my 9th payout from them, I have maxed out capital. I wish they can raise to $600K for two steps instead $300K max. since I don't use one-step program. {image}
Do you use normal or Pro account ?

Which one you prefer ?

I signed up for Pro account, though the leverage is 1 ; 50.
Intraday only.
  • #18,586
  • Edited 10:12pm Aug 14, 2023 9:46pm | Edited 10:12pm
Quoting navk
{quote} Do you use normal or Pro account ? Which one you prefer ? I signed up for Pro account, though the leverage is 1 ; 50.
I use normal accounts, They had pro later after I started,,
  • #18,587
  • Aug 14, 2023 10:03pm Aug 14, 2023 10:03pm
https://unionwealthsmanagement.com/

Rave reviews on DistrustPilot. Never heard of them and too tired to investigate
Pride always comes before destruction.... -Proverbs 16:18
  • #18,588
  • Aug 15, 2023 1:45am Aug 15, 2023 1:45am
Quoting Expo33
https://unionwealthsmanagement.com/ Rave reviews on DistrustPilot. Never heard of them and too tired to investigate
Its one of those ghetto ones that started with influencers.
  • #18,589
  • Aug 15, 2023 2:40am Aug 15, 2023 2:40am
Quoting TraderTero
{quote} One client was banned because they found 2 similar trades between him and another client. That was 2 trades out of 30 and they weren't even opened at the same time. The second case was related to a trade during news where they found one similar trade closed at the same time with another trader. The reason was most likely slippage during news which can cause a big bunch or trades to be closed at the same price. This is quite typical during news times but for them it is proof of copy trading. Both banned clients had 200-300K equity and been...
You're only pulling 200-300K in a payout period out of MFF & FTMO... the rest? lol, good luck with that.
  • #18,590
  • Aug 15, 2023 4:22am Aug 15, 2023 4:22am
Quoting CableJ
{quote} You're only pulling 200-300K in a payout period out of MFF & FTMO... the rest? lol, good luck with that.
You might want to read again what I wrote.
  • #18,591
  • Aug 15, 2023 5:33am Aug 15, 2023 5:33am
Quoting TraderTero
{quote} You might want to read again what I wrote.
my mistake, so did they have potential >5 figure payouts approaching? that is typically when the smaller props attempt to screw over profitable traders.
  • #18,592
  • Aug 15, 2023 5:54am Aug 15, 2023 5:54am
Quoting CableJ
{quote} my mistake, so did they have potential >5 figure payouts approaching? that is typically when the smaller props attempt to screw over profitable traders.
One guy with 300K account was expecting 40K payout from E8. What he received were investigation and refusal.
  • #18,593
  • Aug 15, 2023 6:47am Aug 15, 2023 6:47am
I am withdrawing my support for e8 now. I have received a few hundred K total from them since i passed them ages ago, but i took it in small chunks. I have seen their decline, I see their reactions in public and I don't think they are long for this world anymore. I will stop also paying attention to my remaining accounts with them.

This is what a prop firm death looks like. Which is a pity because they used to be in my top 4 and to be frank it was not one i expected to go this way. There is a potential redemption arc like trueforexfunds but with a stagnant industry probably not.
  • #18,594
  • Aug 15, 2023 7:07am Aug 15, 2023 7:07am
Quoting Takisd
I am withdrawing my support for e8 now. I have received a few hundred K total from them since i passed them ages ago, but i took it in small chunks. I have seen their decline, I see their reactions in public and I don't think they are long for this world anymore. I will stop also paying attention to my remaining accounts with them. This is what a prop firm death looks like. Which is a pity because they used to be in my top 4 and to be frank it was not one i expected to go this way. There is a potential redemption arc like trueforexfunds but with...
a few hundred k from them ? , that is amazing, you are top 1% trader in the world!!!
  • #18,595
  • Aug 15, 2023 8:13am Aug 15, 2023 8:13am
Quoting Takisd
I am withdrawing my support for e8 now. I have received a few hundred K total from them since i passed them ages ago, but i took it in small chunks. I have seen their decline, I see their reactions in public and I don't think they are long for this world anymore. I will stop also paying attention to my remaining accounts with them. This is what a prop firm death looks like. Which is a pity because they used to be in my top 4 and to be frank it was not one i expected to go this way. There is a potential redemption arc like trueforexfunds but with...
What's small chunks for you Takisd ?
  • #18,596
  • Aug 15, 2023 8:18am Aug 15, 2023 8:18am
what.. breached.. man my sl was below 240
how it surpassed 263..
just wakeup from sleep.. looked the charts got an idea that sl got hit
but when i see mail.. hard breach mail was there...
man this week and last week gone very bad for me..
now i can see why they say people fail to reach even their 1st payout
Attached Image (click to enlarge)
Click to Enlarge Name: bad day.jpg Size: 238 KB
  • #18,597
  • Aug 15, 2023 8:19am Aug 15, 2023 8:19am
Is there anyone who have isues with mff new evaluation loging details...!?
  • #18,598
  • Aug 15, 2023 8:28am Aug 15, 2023 8:28am
Quoting genuine007
what.. breached.. man my sl was below 240 how it surpassed 263.. just wakeup from sleep.. looked the charts got an idea that sl got hit but when i see mail.. hard breach mail was there... man this week and last week gone very bad for me.. now i can see why they say people fail to reach even their 1st payout {image}
You would have your 1st pay out but you got greedy. When you had> 3.8% profit the other day on TFF, you didn't stop trading, you should consider stopping and wait for your first payout and your fee refund,,,
in that way it will help your mental, after the first payout, you will trade free money...
  • #18,599
  • Aug 15, 2023 8:30am Aug 15, 2023 8:30am
Quoting Boulder
{quote} You would have your 1st pay out but you got greedy. When you had> 1% profit , you didn't stop trading, you should consider stopping and wait for your first payout and your fee refund,,, in that way it will help your mental, after the first payout, you are trading free money...
it really very sad man.. real account is received after passing 2 stages and taking lot of stress and lost it
now i cannot buy it... same like i did with the funded trader... i did not buy again when i failed that account in the 1st stage..

also now my all live accounts under drawdown
also my e8 account i have lost almost all profits gained.. i have to like start everything fresh with e8 as well
  • #18,600
  • Aug 15, 2023 8:53am Aug 15, 2023 8:53am
Quoting genuine007
{quote} it really very sad man.. real account is received after passing 2 stages and taking lot of stress and lost it now i cannot buy it... same like i did with the funded trader... i did not buy again when i failed that account in the 1st stage.. also now my all live accounts under drawdown also my e8 account i have lost almost all profits gained.. i have to like start everything fresh with e8 as well
You need to set you risk and STICK TO IT. Risk must be tied to available loss ALWAYS. If you have 10k account with max loss 1K, let's say risking 5%. 5% of 1 K is $50. Now, here is the key, when you go into DD, that 5% should be applied to the NEW NUMBER. Let's say you lose 2, now DD is $900, 5% is $45.
It all depends on which commodity is more important to you.....time or money. With the above method, recovery is slower, but you should never lose an account.
Other big thing, as Boulder mentioned, once a new live account is in profit, no matter how little....STOP TRADING, wait for your split and refund.....does wonders for the psychology.
28 traders viewing now