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  • #35,321
  • Edited 6:12am Apr 23, 2024 5:46am | Edited 6:12am
Quoting Capablanca
CEO of TFF Probably paving the way for worsening conditions. {image}
Flat/declining growth was always the #1 enemy... growth disappeared after MFF... Meta just dropped an atomic bomb that finished the job.
  • #35,322
  • Apr 23, 2024 6:00am Apr 23, 2024 6:00am
Quoting CableJ
{quote} {quote} The dominoes continue to fall.
Funny how these guys always twist arguments. Now it's for legal reasons. Like if we don't know that they are facing liquidity issues.
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  • #35,323
  • Apr 23, 2024 6:03am Apr 23, 2024 6:03am
Quoting Capablanca
{quote} Funny how these guys always twist arguments. Now it's for legal reasons. Like if we don't know that they are facing liquidity issues. {image}
He is only semi-bullshitting.

There is a legal argument that if there is a refund the fee is in custodian. But I have heard from multiple people that matt is frantically running around looking at rules to change to save mffx.
  • #35,324
  • Edited 6:36am Apr 23, 2024 6:09am | Edited 6:36am
Quoting Takisd
Apex is under fire for not using live funds when they said they would. Plus all the marketing hype stuff. I think the reason the futures firms skirted the law for so long is that they were small and had no noise coming in about them. Now they are growing on the back of the OTC firms and the rats start to run.

CFDs being illegal in the US is a useful attack vector for the CFTC. Topstep has been around for over a decade and NOW the retail futures prop business model would be a problem with regulators?
  • #35,325
  • Apr 23, 2024 6:28am Apr 23, 2024 6:28am
Quoting CableJ
{quote} CFDs being illegal in US is a useful attack vector for the CFTC. Topstep has been around for over a decade and NOW the retail futures prop business model would be a problem with regulators?
I think that doing something in the name of futures and not executing is a bigger crime than doing it in the name of OTC from a legal stand point. If infact what is said about real money is not true, I think someone - if they decide to go after futures firms - will go to prison.
  • #35,326
  • Apr 23, 2024 6:43am Apr 23, 2024 6:43am
Quoting Takisd
{quote} I think that doing something in the name of futures and not executing is a bigger crime than doing it in the name of OTC from a legal stand point. If infact what is said about real money is not true, I think someone - if they decide to go after futures firms - will go to prison.
With Topstep it is clearly stated that there is an option to stay sim or go live with exchange fees. They will also force traders live after 10K or so in profit.... but then again Capablanca stated that his personal audit in the past found that was completely false. With Apex there is no clear option to go live & and it's basically rumors if/when they will send traders live to get them out of the more trader friendly sim environment.
  • #35,327
  • Apr 23, 2024 6:50am Apr 23, 2024 6:50am
Quoting Takisd
{quote} I think that doing something in the name of futures and not executing is a bigger crime than doing it in the name of OTC from a legal stand point. If infact what is said about real money is not true, I think someone - if they decide to go after futures firms - will go to prison.
Yeah idk, they may come after the business model but there was never a time when claims of live accounts being used. With Apex it was always disclosed in plain english how people are getting paid and where revenue is being generated. Theres never been claims of live accounts.

That has always been the main and biggest difference from FX prop.
Trade with confidence, trade without fear.
  • #35,328
  • Apr 23, 2024 7:20am Apr 23, 2024 7:20am
Got dammit now i moved to futures and all these drama started to pop here. Am I the cursed one
Extreme gut feeling trader
  • #35,329
  • Apr 23, 2024 7:22am Apr 23, 2024 7:22am
Quoting Capablanca
{quote} I think it started here https://twitter.com/PeterLBrandt/sta...33991996698737
This is why, as a general rule, I don't like people. What's this guy's problem? Bet he would have zero issues with me taking my life savings to Las Vegas and risking it all on one hand of blackjack, but "I must protect people" is his answer to props. If you don't know what props are by now, you deserve your fate. If you are trading stupidly, you deserve your fate. If you are trading with money you can't afford to lose, you deserve your fate. But some idiot like this trying to frak things up for everyone, Sod off.
  • #35,330
  • Apr 23, 2024 7:28am Apr 23, 2024 7:28am
Quoting montygoldy
Got dammit now i moved to futures and all these drama started to pop here. Am I the cursed one
The drama is largely overblown imo.
Trade with confidence, trade without fear.
  • #35,331
  • Apr 23, 2024 7:33am Apr 23, 2024 7:33am
Quoting TheDoug
{quote} This is why, as a general rule, I don't like people. What's this guy's problem? Bet he would have zero issues with me taking my life savings to Las Vegas and risking it all on one hand of blackjack, but "I must protect people" is his answer to props. If you don't know what props are by now, you deserve your fate. If you are trading stupidly, you deserve your fate. If you are trading with money you can't afford to lose, you deserve your fate. But some idiot like this trying to frak things up for everyone, Sod off.
I wouldn’t get to worked up over what Peter Brandt has to say. I remember back in the day when he was calling all things crypto a ponzi, scam etc and then changed his tune when he could no longer ignore the money being made. He’s known for his unhinged behavior.
Trade with confidence, trade without fear.
  • #35,332
  • Apr 23, 2024 7:48am Apr 23, 2024 7:48am
Quoting Cryptosurf
{quote} The drama is largely overblown imo.
I agree.
  • #35,333
  • Apr 23, 2024 7:50am Apr 23, 2024 7:50am
Quoting montygoldy
Got dammit now i moved to futures and all these drama started to pop here. Am I the cursed one
LOL, Dont worry ! Just make money and fund your real live account
Drawdown is more important than Account Size !
  • #35,334
  • Apr 23, 2024 7:50am Apr 23, 2024 7:50am
ICFunded not starting with the right foot in what concerns to privacy
https://twitter.com/DIneedrehab/stat...77400989720870
  • #35,335
  • Apr 23, 2024 7:52am Apr 23, 2024 7:52am
Just now purchased 3x150k topstep accounts as well.

Anyone which is a good futures firm after apex, topstep, myfundedfutures???? I should max out
Extreme gut feeling trader
  • #35,336
  • Apr 23, 2024 7:53am Apr 23, 2024 7:53am
icfunded STINK of FPFX, I am giving it a wide berth right now and I love icmarkets.
  • #35,337
  • Apr 23, 2024 8:05am Apr 23, 2024 8:05am
Quoting Capablanca
ICFunded not starting with the right foot in what concerns to privacy https://twitter.com/DIneedrehab/stat...77400989720870
I got that email too from IC Funded... here was my response:
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Drawdown is more important than Account Size !
  • #35,338
  • Apr 23, 2024 8:09am Apr 23, 2024 8:09am
This list really helps to trade Dow futures

https://www.cnbc.com/dow-30/
Drawdown is more important than Account Size !
  • #35,339
  • Apr 23, 2024 8:15am Apr 23, 2024 8:15am
Quoting procrude
This list really helps to trade Dow futures https://www.cnbc.com/dow-30/
nice but you dont need all of it i think the main drivers are top 5 unh i guess have the highest weightage. Plus its just an confluence not exactly it works in futures. Stocks will be green and dow will be doing opposite happens alot. Today all stocks opened green i am expecting 1 or 2h candle for the down move to get into longs,,,,
gut feeling 38850 or more on the cards today
Extreme gut feeling trader
  • #35,340
  • Apr 23, 2024 8:28am Apr 23, 2024 8:28am
Quoting TheDoug
{quote} This is why, as a general rule, I don't like people. What's this guy's problem? Bet he would have zero issues with me taking my life savings to Las Vegas and risking it all on one hand of blackjack, but "I must protect people" is his answer to props. If you don't know what props are by now, you deserve your fate. If you are trading stupidly, you deserve your fate. If you are trading with money you can't afford to lose, you deserve your fate. But some idiot like this trying to frak things up for everyone, Sod off.
I am not a fan of people either. They despise the success of others. Dogs are better
A snails pace wins the race :-)
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