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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

Attachments: Prop Firm Hub
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Prop Firm Hub

Quoting RiskFighter
Look at this. This is not a Prop, but a broker account. They are stealing trades every day at market opening. This is very common. I forgot to close this trade at the end of the day, and the result is a steel. You have to click on the picture to be able to se the red trade line. {image}
This is a well-known and documented event with all brokers, nothing new there, and Monday would be the worst day.

And you had a stop loss, which you agreed in the original signup that they can execute as they see fit.

Better sharpen up on your "risk fighting" parameters.

Good Luck
If you chase two rabbits, you will catch neither one!
Brain Surgery Return This Year: 22.3%
Quoting RiskFighter
Look at this. This is not a Prop, but a broker account. They are stealing trades every day at market opening. This is very common. I forgot to close this trade at the end of the day, and the result is a steel. You have to click on the picture to be able to se the red trade line. {image}

nobody is stealing from you...shitbag forewx brokers open a an hour earlier than futures so if youre stupid enough to trade that first hour with its huge spreads its on you LOL

learn what the hell youre doing first before blaming brokers, MM's and algos and whatever else for your losses

forex starts an hour earlier on sunday and they dont close for an hour like globex does daily after NY close....thats why your 4H forex charts are screwed up... you should first educate yourself before you become roadkill

so check futures forex charts and your shitbag retail forex brokers charts
stay with the 5% contrarians not the 95% losers
Quoting Capablanca
{quote} Maybe it was my bad luck but Alpha was far from fast (hours) payout. Mine took more than 24 hours (through Deel) and I was prevented from using the account. I didn't found strange the slowness because they take 4 (!) business days to deliver funded credentials with the excuse that they have to "set risk parameter for the trader". I guess the videogame takes time to setup up.
I think payout is probably faster now than before. MFF was the fastest I've experienced but that's gone. E8 was pretty efficient as well.
TFTP was/is the worst. Took 3 days to get a contract and another 6(!) working days to get a funded account. Then the payout was also incredibly slow. They took 3 working days to verify the payout and 2 or three days to transfer it over and about 4 working days in total before I could trade again. Leaving me with 6 trading days before the next payout.
Getting my FTMO funded soon. Hope it's at least as good as MFF.
Quoting Zebi
{quote} nobody is stealing from you...shitbag forewx brokers open a an hour earlier than futures so if youre stupid enough to trade that first hour with its huge spreads its on you LOL learn what the hell youre doing first before blaming brokers, MM's and algos and whatever else for your losses forex starts an hour earlier on sunday and they dont close for an hour like globex does daily after NY close....thats why your 4H forex charts are screwed up... you should first educate yourself before you become roadkill so check futures forex charts...
True.

One can always trade 2h after the exchange opens. Or atleast wait for tokyo open
Trading is gambling. So gamble responsibly.
Hi, can anyone suggest which prop firm doesn't require margin when you hedge a position?
Quoting RiskFighter
Look at this. This is not a Prop, but a broker account. They are stealing trades every day at market opening. This is very common. I forgot to close this trade at the end of the day, and the result is a steel. You have to click on the picture to be able to se the red trade line. {image}
WOW, suddently all those nice people showed a minor nice language.

  1. I do know that there are some investing going on before market opening - Some minutes before the opening a price is calculated and that is the market opening price. And at the opening, the orders are effectuated according to the set opening price. Sorry guys - I do know. But I still have a feeling of steel sometimes. Can't help it.
  2. It is also a fact, that the broker accounts get a little out of sync with the real market during the day (some would say on purpose). And the brokers are often syncronising their prices at the market open. Therefore I think that market opening is a perfect time to make some money for the brokers.
  3. Some friendly person told me, that scumbags like me ask for trouble if I trade on market opening. Well I don't - as I wrote I forgot to close the trade before market open. I normally trade by robots and I have programmed those to secure not being stolen from at market opening. But the account I showed you is a very small account that I am just playing around with observing real trading in stead of demo accounts.
  4. No, I have not seen the 90,90,90 rule before. I have been on FF for many years - note my red badge, and I even traded before being a FF member, but my focus has been on developing strategies and robots. I have not been interested in PROP trading before, so I am learning.
  5. Some friendly guy said I should know what I am doing before accusing the brokers of steeling. Why suddently being a saint now? You guys are not doing much more that accusing brokers and Props of being steeling peoples money all day long - the 90,90,90 rule you know.

It might be that I am wrong. But I am real. Really guys, you should be more friendly.

OK, this thread is not about brokers, so this discussion should not be here. So I let it go and out of experiance I know, that it could continue for a long time if I do answer all the comments you have to this (hopefully more friendly), so I will not comment back.

Read post #1 !! Then read it again 10 more times before you ask.
Goat is selling challenges like if they were running a supermarket promotion
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The guy that wants to be the industry leader can't even run his own customer service.

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But he wants to move UAE...

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Quoting Capablanca
Goat is selling challenges like if they were running a supermarket promotion {image}
Pump N Dump, baby! Pump N Dump!
Quoting RiskFighter
{quote} WOW, suddently all those nice people showed a minor nice language. I do know that there are some investing going on before market opening - Some minutes before the opening a price is calculated and that is the market opening price. And at the opening, the orders are effectuated according to the set opening price. Sorry guys - I do know. But I still have a feeling of steel sometimes. Can't help it. It is also a fact, that the broker accounts get a little out of sync with the real market during the day (some would say on purpose). And the...
mate your speech is real nice and Al. But understanding market dynamics regardless of how long you have been here is a vital part of trading. Market open participants are few and far between and the only market open is NZ. If you expect makers to be active at that time you are sorely mistaken. Wide spreads at open has been going on for the 20 years I have been around markets. You questioned it as if it was some scam or something. If you get level 2 of any LP you will see the spreads are wider. If you look at futures level 2 you will see spreads are wider as limits start to fill the grid.

You essentially started this with your comment and yes people came down on you including me because retail investors constantly accusing of scam is getting really irritating. It is for lack of a better description, pissing in the pool you’re swimming in. A more reasonable approach to questioning things such as “is this normal guys?” Would have resulted in a different response.
Quoting Ferna
{quote} UAE bent over for U.S/EU regulation. He should search for better arabic nation.
I don’t think he will be safe even in yemen
Hi TrAndy1, thanks for prop firm scores in your earlier post, it all helps..
How will you score:
FundingPips they have a DD of 10*5 with Profit target of 8*5
BlueGuardian they have a DD and Profit target of 8*5

I usually look for firms with a larger DD than the Profit target eg in Funding Pips...thanks
Quoting Lrg
Hi TrAndy1, thanks for prop firm scores in your earlier post, it all helps.. How will you score: FundingPips they have a DD of 10*5 with Profit target of 8*5 BlueGuardian they have a DD and Profit target of 8*5 I usually look for firms with a larger DD than the Profit target eg in Funding Pips...thanks
Fundingpips Score 5.4 which is very good.
BlueGuardian Score is only 4.2.
Quoting Expo33
Forex Dude strikes again. The arrogance of this self-absorbed douche is amazing. {image}
This guy has to be a total retard to be denying/delaying payments to people while showing good lifestyle.

But I guess Murtuza is the bad guy because he owned a Bugatti while paying to people, timely and without questions.
Quoting Capablanca
{quote} This guy has to be a total retard to be denying/delaying payments to people while showing good lifestyle. But I guess Murtuza is the bad guy because he owned a Bugatti while paying to people, timely and without questions.
The investors of the thug kid CEOs dont care since their target demographic teens thinks its cool pics and how they live so they spend some of their last cash to gamble. Im quite sure the investors of these thug prop firms with thug teenage manboy CEOs knows they wont last that long. Otherwise no way they would allow them to flaunt and act like that.
Has Consummate Traders eloped?
Allow the Market to get to your target entry...
Quoting sexypips
Has Consummate Traders eloped?
Score is 5.85 here, which is outstanding. But the trustpilot score is only 3.5, which is very bad, so beware. This prop firm is very sure a scam only.
Quoting TrAndy1
{quote} Fundingpips Score 5.4 which is very good. BlueGuardian Score is only 4.2.
Thank you TrAdny1..
People that investigate Funded Engineer, did you find already payout proof around ? Where are they based ?
I was tempted to buy a challenge from them for my reckless section of the portfolio
Finally found something about ACG that annoys me. Scaling up has to be done by requesting a 10% payout and asking for 10% scaling at the same time. Doesn't matter if life-time payouts has already breached 10%.
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