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  • #34,381
  • Apr 8, 2024 9:06am Apr 8, 2024 9:06am
Quoting pipmaster77
{quote} It's done. Even FTMO is obviously having cash flow issues. TBH, whatever the 5%ers is doing seems to be the way.......I never hear of any payout denials, anti-gambling bs or banned traders from them. As much as I hated it at first, I am happy to have moved on to futures.........kudos to all of you continuing to put up with this bullshit on a daily basis.
Yeah I just can't stomach 5%ers from their shady attempts early on...
  • #34,382
  • Apr 8, 2024 9:07am Apr 8, 2024 9:07am
Quoting Fagin
{quote} Yeah I just can't stomach 5%ers from their shady attempts early on...
Yes, I hated them until their high stakes model.
  • #34,383
  • Apr 8, 2024 9:07am Apr 8, 2024 9:07am
Quoting Cryptosurf
{quote} Adding position in a rally or selloff. Bullshit rule imo. At one point I had received a warning about it, even though was only using less then 25% margin. Thats when I knew they were complete bullshit.
I do that in my futures personal trading account all the time. Charging the winners.
They should praise the trader, not punish him.
  • #34,384
  • Apr 8, 2024 9:09am Apr 8, 2024 9:09am
Fortraders have this bullshit...

6. One-sided Betting
(This rule means using more than 40% of the available margin for 1 single trade or multiple trades on the same instrument in the same direction.)

And guess what....? Just to make sure?

2) $100,000 Accounts with 1:40 Leverage:

  1. Total Trading Power: With 1:40 leverage, your $100,000 can control positions worth up to $4,000,000 ($100,000 * 40).
  2. 40% Margin Rule: You cannot use more than 40% of your available margin on a single trade or multiple trades in the same direction on the same instrument. This means you cannot commit more than $1,600,000 ($4,000,000 * 40%) to any one trade or set of trades on the same instrument in the same direction.
  3. Max Lot Size for a Trade: Using the same logic as above, if one lot is $100,000 of position value, the maximum lot size you could commit to a single trade or multiple trades in the same direction on the same instrument would be 16 lots (since you can commit up to $1,600,000).

So this is 40% of 1:40 leverage which equates to 1:16 have I got that right?

  • #34,385
  • Apr 8, 2024 9:09am Apr 8, 2024 9:09am
Quoting Stoneyrocks
Message from CITY TRADERS IMPERIUM {image}
Those guys were praising themselves, a couple of weeks ago, that they were in a different position from regulation point of view bla bla bla and that they would stay with US.
All BS, as usual. We should never believe in anything that they say in a crisis moment.
  • #34,386
  • Apr 8, 2024 9:13am Apr 8, 2024 9:13am
And this:

1. High-frequency Trading (HFT)
2. Arbitrage trading (Hedge, Reverse, Latency)
3. Tick Scalping
4. Grid Trading
5. Use of emulators
6. One-sided Betting

So you can't hedge OR "one side bet" whatever that is. How the fuck are you supposed to trade then?
  • #34,387
  • Apr 8, 2024 9:18am Apr 8, 2024 9:18am
Quoting Capablanca
{quote} I do that in my futures personal trading account all the time. Charging the winners. They should praise the trader, not punish him.
They should, but keep in mind, a winning trader is a liability on the balance sheet.
  • #34,388
  • Apr 8, 2024 9:18am Apr 8, 2024 9:18am
Goat is one of the actual big buzz out there right now (lot's of denied payouts in twitter). No surprise because their CEO comes from the signals shady industry.

See the creativity of those artists:
Attached Image (click to enlarge)
Click to Enlarge Name: Goat.jpeg Size: 36 KB


72 business hours is 9 business days. Why do they have biweekly payouts ? A prop with a rule like this is screaming scammer even before anyone signs with them.

Source: https://twitter.com/TraderBach
  • #34,389
  • Apr 8, 2024 9:25am Apr 8, 2024 9:25am
Quoting Capablanca
{quote} I do that in my futures personal trading account all the time. Charging the winners. They should praise the trader, not punish him.
Exactly. If they were truly copying the account then they would be making money, rather trying to knee cap at every opportunity.
Trade with confidence, trade without fear.
  • #34,390
  • Apr 8, 2024 9:32am Apr 8, 2024 9:32am
Finally closing the day 2 for PA funded accounts.... Could have easily banked 2k but need to keep myself out of the market.... THis consistency rule is something. MY way is i dont make big profits everyday but when ITS MY DAY i maximise it to the fullest never leave a dime at table squeeze every cent out of market and today is my day.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-04-08 at 12.28.28 PM.png Size: 58 KB
Extreme gut feeling trader
  • #34,391
  • Apr 8, 2024 9:35am Apr 8, 2024 9:35am
Update on fundingtraders.com they leave me no option to accept 100k account. They started by denying and now sending me a 100k funded account. And now i am going beserk on them. Aiming for huge payout once it for all. 15k-20k will be target on 100k account. Coz i feel on payout time they will create issues. Better to be one off like myflashfunding 25k.
Extreme gut feeling trader
  • #34,392
  • Apr 8, 2024 9:46am Apr 8, 2024 9:46am
Quoting montygoldy
Finally closing the day 2 for PA funded accounts.... Could have easily banked 2k but need to keep myself out of the market.... THis consistency rule is something. MY way is i dont make big profits everyday but when ITS MY DAY i maximise it to the fullest never leave a dime at table squeeze every cent out of market and today is my day. {image}
After I secure my daily profits with Apex, I will trade spot on the 5%ers or futures on my apex account........this way you're not missing any $$$$.
  • #34,393
  • Apr 8, 2024 9:47am Apr 8, 2024 9:47am
Quoting montygoldy
Finally closing the day 2 for PA funded accounts.... Could have easily banked 2k but need to keep myself out of the market.... THis consistency rule is something. MY way is i dont make big profits everyday but when ITS MY DAY i maximise it to the fullest never leave a dime at table squeeze every cent out of market and today is my day. {image}
Told you you'd adapt to the trail.....look at you $2,478 available DD........nice work!!!!!
  • #34,394
  • Apr 8, 2024 9:56am Apr 8, 2024 9:56am
Quoting pipmaster77
{quote} Told you you'd adapt to the trail.....look at you $2,478 available DD........nice work!!!!!
yep waiting to hit 50100$ to get out of this trailing miss too much move.
Btw 650$ made with only 1 mini contract trades. Banked 125 points on dow
Extreme gut feeling trader
  • #34,395
  • Apr 8, 2024 9:58am Apr 8, 2024 9:58am
Quoting TrAndy1
{quote} Dow is tiny contract and can move fast sometimes, so 1 or 2 sec delay, explains it all here. Maybe you try SP500, it should be better. On Nasdaq100 there are several times a day, with 20 ticks bumps in less than 1 second. As you know CFD is market maked from Futures, it moves almost same. My suggestion would be SP500 here.
thanks for the lesson. In my 20+ years in the markets I never knew any of this /s
  • #34,396
  • Apr 8, 2024 9:58am Apr 8, 2024 9:58am
Quoting pipmaster77
{quote} After I secure my daily profits with Apex, I will trade spot on the 5%ers or futures on my apex account........this way you're not missing any $$$$.
Rest of my accounts not available ftmo stuck at kyc, fundingtraders fiasco. Personal account is only for swing.
Extreme gut feeling trader
  • #34,397
  • Apr 8, 2024 9:59am Apr 8, 2024 9:59am
Quoting pipmaster77
{quote} It's done. Even FTMO is obviously having cash flow issues. TBH, whatever the 5%ers is doing seems to be the way.......I never hear of any payout denials, anti-gambling bs or banned traders from them. As much as I hated it at first, I am happy to have moved on to futures.........kudos to all of you continuing to put up with this bullshit on a daily basis.
Its because its in the rules before you start. This is the mistake most of the discretionary rule firms are making. Sustainability comes from making it extremely hard from the get go but in a measurable sense. However, that wont buy you lambos.
  • #34,398
  • Edited 11:18am Apr 8, 2024 10:16am | Edited 11:18am
The real problem is not defining rules. As long as you have upfront clear rules, you can make a payout. You see the hardest challenges are with Futures and still plenty of payouts and almost no complaints. Because it is all known before one starts. So in any case a prop has one sided betting or martingale against rule, it should be defined. Then I am fine with it. Of course it narrows down certain strategies, but it is still possible to make profits. And that is what counts. They will probably invent new rules too. With FTMO even I see is that it relies on incoming fees. As long as not at least 40% of prop profits come from A-booking, they all can go down. It really depends on the income stream and of course how much in the back profits from past can be used for longer downturns. But even then there is always a limit here, even for FTMO. So for me I have not that much trust in any one prop, I rely more on diversification. 10+ props are much more safe. You have more accounts, you have more options, how to trade them. Payouts are then every other day at best. Then you do not need to fear about deleveraging and payout denials even on FTMO for undefined rules. Up today they had not said clearly what is gambling and what is taking too much risk. They want to be not clear for a reason it seems, and that is not good for us.
  • #34,399
  • Apr 8, 2024 10:16am Apr 8, 2024 10:16am
Quoting Stoneyrocks
Message from CITY TRADERS IMPERIUM {image}
Wait for few months, they will come after Canada than Europe.
  • #34,400
  • Apr 8, 2024 10:18am Apr 8, 2024 10:18am
Quoting Takisd
{quote} thanks for the lesson. In my 20+ years in the markets I never knew any of this /s
No issue, I know you know it. But you complained here like a little kid. So someone must said it to you when you are tearing in this thread. Heads up, you can do it.
I am pretty sure soon you will have your 6-figure payout in the next months. If you figured out how you said it, no slip and no rule can prevent you from milking.
Also it was meant ironically, as you said we both know what you know. But as you are always the first person who says that any slippage is normal or can be explained, I want to do a favor here. But of course when it is sensitive 5 points in average scalping strat on Dow then it hurts, as the EA cannot be used then. But hey, you will find a way, pretty sure, to make good profits anyway.
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