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  • #36,321
  • May 11, 2024 1:01am May 11, 2024 1:01am
Quoting Ferna
{quote} How come?
no idea. Maybe my feed decided that what it wants to show me but there’s a lot
  • #36,322
  • May 11, 2024 6:11am May 11, 2024 6:11am
Most people come to trading thinking that it is is easy money and get rich quick but thats not true and many quit because they find the hard truth
Most cant control emotions, most dont have risk management
  • #36,323
  • May 11, 2024 6:32am May 11, 2024 6:32am
Quoting Novazor
Most people come to trading thinking that it is is easy money and get rich quick but thats not true and many quit because they find the hard truth Most cant control emotions, most dont have risk management
and most dont have ANY experience and expect to make money right away ..no surprise that most lose ..
  • #36,324
  • May 11, 2024 6:52am May 11, 2024 6:52am
Quoting HengkiTjen
{quote} MyflashFunding AlphaCapital FundedEngineer
Regarding payout delays of Fundedengineer, do you mean new accounts with challenges purchased after 7th February or the old ones? I was funded with them since January and have pending payouts of 12K. They converted my funded accounts to Phase 1 and said that they will process my payout requests after 3 months
  • #36,325
  • May 11, 2024 6:58am May 11, 2024 6:58am
Quoting rizla101
{quote} It was actually my vpn threat protection that flags its. 'Detected malicious code on web page blocked for your security' main website is fine, when I click to login error appears.
Have you figured out what kind of script it was/what the problem was? Was it false alarm maybe due to disabled cookies or do you think something is really wrong with their website? Do you have similar problem with any other websites or it's only fundedengineer?
  • #36,326
  • May 11, 2024 7:03am May 11, 2024 7:03am
Quoting Stoneyrocks
most dont have ANY experience and expect to make money right away
Yes, unrealistic expectations are certainly part of it.

But more importantly, they don’t begin to understand the absolute basics: don’t even know what a “broker” is; can’t distinguish between a transparent, honest market and a fake one; actually can’t even distinguish between a genuine regulator and a fake one (let alone having any clue at all why that would matter).

As the FCA’s director explained recently in his evidence to a UK Parliamentary Committee, the chances of all those people are precisely zero: in his words, not even 1% of them have a 1% chance of trading successfully in the long run, and what they’re trying to do isn’t “trading” anyway, though they typically believe it is because that’s what people online tell them.
  • #36,327
  • May 11, 2024 7:14am May 11, 2024 7:14am
Quoting JustPipMe
{quote} Sure, no problem. I'll start by saying deep down I've always known what my problem was but it never truly spear-fished me into the middle of my brain that I need to STOP letting losers run and cutting my winners short. Similar to the way an alcoholic knows he's drinking himself to death but doesn't manage to stop until he reads about others' experiences in the Big Book of Alcoholics Anonymous. This is exactly what Tom's book (Best Loser Wins) did for me -- I had to READ that while working at City First or whatever company he was at, Tom...
Tom is a star in our little country - Denmark. Doing radio programs and contest with other experienced traders. Tom blow everybody out of any contest. That man is special.
MetaTrader 4 - so many advantages.
  • #36,328
  • May 11, 2024 7:45am May 11, 2024 7:45am
Quoting RiskFighter
{quote} Tom is a star in our little country - Denmark. Doing radio programs and contest with other experienced traders. Tom blow everybody out of any contest. That man is special.
but has also some wrong math/statistic comments, but same time this wrong comments work for him because his character is this style he has to do this way to compensate for how he is.
thats often the case, you have to find your own way, and even wrong facts can then win, only with lower chance but still can be a winner.
  • #36,329
  • Edited 8:36am May 11, 2024 8:19am | Edited 8:36am
Lower chance of winning? The guy is a multi millionaire. Done by trading. I don't think anybody in this thread comes close to his succes. I take his advice at any time. Or would if I were able to trade manually.

He does use loads of time to analyze statistics. Much more than any trader in this thread I am sure. And he is a winner - a sky high winner. He made multi millions over one christmas week based on his statistic investigations that told him to be ready. And he showeled money into his pocket while at the same time sitting at the table having christmas dinner with his family - because he was ready based on his statistics. As i recall he made 6 million dollars that week. No prop trading. Investing his own money. Thats a trader.

AND - he is the only trader in the world, that trades each and every day in public letting his followers whatch every trade he makes in real time - and let them see his account while trading. Hiding nothing - Not winners nor losers. He has losing days - losing strikes in full public. Who ever would dare to do that. Doing this - he of cause will have critics from people who knows better - but are not rich of cause. That's how life is.
MetaTrader 4 - so many advantages.
  • #36,330
  • May 11, 2024 12:47pm May 11, 2024 12:47pm
Has anyone tried metacopier.io ? They offer a trial. But I can't add dxtrade.ftmo.com account Maybe somebody had better luck?
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  • #36,331
  • May 11, 2024 1:17pm May 11, 2024 1:17pm
Taking the advice in Best Loser Wins and adding to your winners would have cut you to shreds on NQ the last few weeks.

IMO 99% of people should avoid doing that, and instead work on rigidly sticking to a fixed RR setup.
  • #36,332
  • May 11, 2024 1:22pm May 11, 2024 1:22pm
Quoting MarkosMom
Taking the advice in Best Loser Wins and adding to your winners would have cut you to shreds on NQ the last few weeks. IMO 99% of people should avoid doing that, and instead work on rigidly sticking to a fixed RR setup.
no thx on the fixed RR.

I’ve traded successfully on NQ last few weeks. It’s all I trade.

Depends on timeframe ur talking about. I trade the 1 min.
A snails pace wins the race :-)
  • #36,333
  • May 11, 2024 1:33pm May 11, 2024 1:33pm
Quoting JustPipMe
{quote} no thx on the fixed RR. I’ve traded successfully on NQ last few weeks. It’s all I trade. Depends on timeframe ur talking about. I trade the 1 min.
If you're trading successfully then you're not the 99% of people referenced
  • #36,334
  • May 11, 2024 2:32pm May 11, 2024 2:32pm
Quoting d5400
Has anyone tried metacopier.io ? They offer a trial. But I can't add dxtrade.ftmo.com account Maybe somebody had better luck? {image}
FTMO blocks api access.
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  • #36,335
  • May 11, 2024 8:15pm May 11, 2024 8:15pm
Quoting KarlKraus
{quote} Yes, unrealistic expectations are certainly part of it. But more importantly, they don’t begin to understand the absolute basics: don’t even know what a “broker” is; can’t distinguish between a transparent, honest market and a fake one; actually can’t even distinguish between a genuine regulator and a fake one (let alone having any clue at all why that would matter). As the FCA’s director explained recently in his evidence to a UK Parliamentary Committee, the chances of all those people are precisely zero: in his words, not even 1% of them...
Should we look into dealer plugins as well Karl or stop at what an honest broker is? Do you think STP a load of nonsense?
  • #36,336
  • May 11, 2024 8:31pm May 11, 2024 8:31pm
hi guys,

It is holiday today.

I happened to speak with one of the most trusted guy in person, who has been doing trading for many years as good as me.

His view is, it is impossible to be consistent, profitwise in funded account ( Not challenge account )

My view is, if we leave alone gambling nature, gambling attitude, it is possible to earn 5 to 6 % in a month.

1. We should know to trade
2. We should be able to earn daily basis, , however small it is.
3. Most importantly, we shoule never, never loose funded account.

Some may think trade with gambling attitude and make as much as possible as in this fileld, there is no longuity.

There are many stalwarts here, I know in this thread especially.

That is why, i decided to take a survey in this thread, but not in other threads.

I would greatly appreciate your views on this.

There is nothing wrong in accepting facts, it only helps to be more matured as trader.
Intraday only.
  • #36,337
  • May 11, 2024 8:42pm May 11, 2024 8:42pm
Quoting navk
hi guys, It is holiday today. I happened to speak with one of the most trusted guy in person, who has been doing trading for many years as good as me. His view is, it is impossible to be consistent, profitwise in funded account ( Not challenge account ) My view is, if we leave alone gambling nature, gambling attitude, it is possible to earn 5 to 6 % in a month. 1. We should know to trade 2. We should be able to earn daily basis, , however small it is. 3. Most importantly, we shoule never, never loose funded account. Some may think trade with gambling...
Discipline, or the lack of it, is the problem for most - even those in other threads that need to grow up, think you only need a strategy and to hell with the mind part. Consistent application of an edge requires an operator not a follower.

Cheers...
  • #36,338
  • May 12, 2024 1:35am May 12, 2024 1:35am
Quoting KarlKraus
{quote} Yes, unrealistic expectations are certainly part of it. But more importantly, they don’t begin to understand the absolute basics: don’t even know what a “broker” is; can’t distinguish between a transparent, honest market and a fake one; actually can’t even distinguish between a genuine regulator and a fake one (let alone having any clue at all why that would matter). As the FCA’s director explained recently in his evidence to a UK Parliamentary Committee, the chances of all those people are precisely zero: in his words, not even 1% of them...
The irony of this, although I completely agree with it, is that you have been telling people how honest futures companies are and how much easier trading futures is. When in reality, even the FCA director is disagreeing with you.

99.999999999% of people trading retail forex and futures shouldn't be. add an extra 9 to the that figure and they shouldnt have access to any funding or allure of funding.

The accounts I am now funded with which is now at 2m I shouldn't be because the way i got to that point is purely playing the system and stats and not the market. I assume there is at least 20-30% of the "funded" accounts who also are in the same position as me.

The system itself is broken, futures or not. Its built to be a gaming mechanism because the traders themselves expect it to be easier than reality. If its not easier than reality it doesn't sell.

The FCA director, like other european regulators that I am privy to, are likely in the belief that the model itself will die out as the losing traders stop purchasing and all thats left are the ones gaming the system. If the ones gaming the system are all that remain the props will die.

Binaries suffered a similar fate, it was a big thing, binaries companies realized they have to game the feeds to make money as you can't offload the risk effectively and then the traders realized its a losing battle and quit now binaries are only sold to people who don't know what a computer is.
  • #36,339
  • May 12, 2024 1:36am May 12, 2024 1:36am
Quoting navk
hi guys, It is holiday today. I happened to speak with one of the most trusted guy in person, who has been doing trading for many years as good as me. His view is, it is impossible to be consistent, profitwise in funded account ( Not challenge account ) My view is, if we leave alone gambling nature, gambling attitude, it is possible to earn 5 to 6 % in a month. 1. We should know to trade 2. We should be able to earn daily basis, , however small it is. 3. Most importantly, we shoule never, never loose funded account. Some may think trade with gambling...
If you make 6% per month and compound it, you will be one of the richest people on the planet in 2 years. Did he mention that also?
  • #36,340
  • May 12, 2024 1:53am May 12, 2024 1:53am
Quoting Takisd
{quote} The irony of this, although I completely agree with it, is that you have been telling people how honest futures companies are and how much easier trading futures is. When in reality, even the FCA director is disagreeing with you. 99.999999999% of people trading retail forex and futures shouldn't be. add an extra 9 to the that figure and they shouldnt have access to any funding or allure of funding. The accounts I am now funded with which is now at 2m I shouldn't be because the way i got to that point is purely playing the system and stats...
In that case do you Think that even the better reputation Firms like ACG,FTMO AND 5ers sooner than later will fall because of this gamefication of the props? The others i don’t doubt will cease to exist but FTMO has gathered the most data to potentially be able to somehow minimise the damage. 5ers make most of their money from their programs outside of high stakes so maybe they would be the safest bet.
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