So the good guy is down, the scammers continue, all because some interests in the USA, bribed, er, I mean lobbied the CFTC.
Man, I wish we could take bets on this and get the true answer. I'll give everyone 10 to 1 I am correct.
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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
Disliked{quote} Pretty bad. The only way to participate with them is to have a fixed IP address, a static one, that does not change. Usually you pay a lot extra to get this from provider.Ignored
Disliked{quote} I hate 5ers. I think the owner is a liar, and I think that the offering sucks. But right now, if you have 50 bucks to your name you have two choices that aren't in the firing line. FTMO and 5ers. Fuck the 5ers, but I am doing my best not to mislead anyone into purchasing something that tomorrow might be gone.Ignored
DislikedAnother weekend, another Funded Next story, LOL! Both of these are private, internal IP addresses--NOT public ones! They don't know anything about how IP addresses and networking actually works. {image}Ignored
Disliked{quote} Pretty bad. The only way to participate with them is to have a fixed IP address, a static one, that does not change. Usually you pay a lot extra to get this from provider.Ignored
Disliked{quote} I only trade after the opening bell, usually after the top of the hour (10am EST). Im eyeing the trend via recent PA, anchored VWAP, etc then place trades accordingly. Usually 10 Micro NQ and 2 mini Dow Todays profit: {image}Ignored
Disliked{quote} I have a static IP, and it’s costly. But these are internal private IPs that they flagged. So you’d need a static internal IP on your single home computer as well, don’t use a second one like an iPad or laptop, even from home with a static public IP. Ridiculous. Most home users are not IT admins and won’t know how to do this. This has nothing to do with preventing group trading and everyone knows it.Ignored
Disliked{quote} 67 Yrs old and many years trading futures don't qualify you to analyze online prop offers. Otherwise you would not be promoting/advocating trailing stop garbage.Ignored
Disliked{quote} Right, trick here is, if you want 100%, you MUST wait until your profits are 100K? I haven't checked, but if that is what you are saying here, yes , they are looking for the very naive and inexperienced.Ignored
Disliked{quote} Futures or CFDs? You have a set plan in advance in terms of the minimum/maximum amount of orders you do on any given day on these two instruments? I still find it very hard to actually find/build a working trading plan for myself, that isn’t based on some discretionary chart reading but follows a clear objective and systematic approach. If anyone is willing to help or point me into the right direction of how to actually achieve trading for a living in some realistic way following/executing a real structured plan maybe send me a message....Ignored
Disliked{quote} I hate 5ers. I think the owner is a liar, and I think that the offering sucks. But right now, if you have 50 bucks to your name you have two choices that aren't in the firing line. FTMO and 5ers. Fuck the 5ers, but I am doing my best not to mislead anyone into purchasing something that tomorrow might be gone.Ignored
Disliked{quote} Futures or CFDs? You have a set plan in advance in terms of the minimum/maximum amount of orders you do on any given day on these two instruments? I still find it very hard to actually find/build a working trading plan for myself, that isn’t based on some discretionary chart reading but follows a clear objective and systematic approach. If anyone is willing to help or point me into the right direction of how to actually achieve trading for a living in some realistic way following/executing a real structured plan maybe send me a message....Ignored
Disliked{quote} For 5ers I'm waiting for a payout in crypto. They say 24 to 48 business hours, which are already gone (unless they are like the old con artists of Trading Central Funds who said that 24 business hours were 8 hours in one day, 8 hours in another and 8 hours in another ) I'm curious to see how my payout for FXIFY will go next week (I'll ask straight away crypto so there won't be any excused of "Wise bla bla bla") In the mean time I'm waiting for a Alpha payout. They don't work with Deel now so it will be the Wise rubbish. Fingers...Ignored
Disliked{quote} just another child under estimating their tax residence status and the over arching laws that discuss operation of a business location before the domicile of that company. But it’s part and parcel of these idiots. I have some information I wish was public but promised not to share. But most of these prop firms should be avoided like the plague. Stick to ftmo and 5ers if you want to trade props. Ignore the rest, literally all of them.Ignored
Disliked{quote} Robbery in disguise. A good "regulator" would "protect" us from that sort of stuff, you would think? Instead, they went after the firm with the best (by far) chance of success for the trader. Going back to value, and yes, it absolutely does matter, MFF is more than 2x value of FTMO on a 200K. Factoring in fee paid, targets in both phases and profit split......on a 200K account, MFF gave you $9.23 for every dollar in a personal account, FTMO is $4.53. The 5%ers high stakes 100K is $5.99. FTMO and 5%ers still offer great value, but MFF was...Ignored
Disliked{quote} I have a static IP, and it’s costly. But these are internal private IPs that they flagged. So you’d need a static internal IP on your single home computer as well, don’t use a second one like an iPad or laptop, even from home with a static public IP. Ridiculous. Most home users are not IT admins and won’t know how to do this. This has nothing to do with preventing group trading and everyone knows it.Ignored
Disliked{quote} Un believable. It truly is. You bust your ass to pass 2 stages of a challenge. You bust your ass to make a profit. I wonder if these folks getting banned due to IP had more than one IP during the challenge? There are only a couple of good actors in this space, unfortunately, one of them is unrightfully down at the moment. The rest of these firms, INCLUDING, dare I say, ALL of the ones that popped up in the past year, are outright scamming people.Ignored
Disliked{quote} TFF was / is better than MFF. 50% better. MFF pay you after 30 days, TFF pay you after 14 days. But now the worst company is MFF. They don't pay nothing...Ignored