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  • #41,001
  • Aug 21, 2024 4:01am Aug 21, 2024 4:01am
without knowing where this is from - if you know please dont disclose. What do you think of this?

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  • #41,002
  • Aug 21, 2024 4:52am Aug 21, 2024 4:52am
Earn2trade opened a new company offering 58$ evals
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Extreme gut feeling trader
  • #41,003
  • Aug 21, 2024 5:28am Aug 21, 2024 5:28am
Quoting montygoldy
Earn2trade opened a new company offering 58$ evals {image}
Someones trying to compete with Topstep. Looking promising indeed
  • #41,004
  • Edited 6:17am Aug 21, 2024 5:53am | Edited 6:17am
Inserted Video

Fast Track Trading 49% Coupon Discount - Massive Promotion => If that happens more often it is a sign of weakening sales, so Ponzi can collaps. Then avoid at all.
Coupon For 49% Off : FTT_Wedding
  • #41,005
  • Aug 21, 2024 6:40am Aug 21, 2024 6:40am
Quoting Takisd
without knowing where this is from - if you know please dont disclose. What do you think of this? {image}
//-----

wild guess....... a normal day for monty.....lol.....h
to trade and code, keep both simple... no call to impress....h
  • #41,006
  • Aug 21, 2024 9:55am Aug 21, 2024 9:55am
Quoting montygoldy
Anyone waiting for ......Drum rolll BANGGGGGGGGGG Asian session 1. Apex 150kx12 - 10152$ (Will only the trade the oldest account for rest of the day to make 2k for the day) 2. Myfundedfutures funded 50kx5 - 2295$ Payout locked in. Just need to make 100$ tomorrow to complete 5 winning days. (1200$ x 3 = 3600$ incoming) {image} {image}
Good, good. Too many fakes for me today. I lost 2k today. Not a nice day for me. Will see later this week, what I can profit from again.
  • #41,007
  • Aug 21, 2024 10:02am Aug 21, 2024 10:02am
Quoting TrAndy1
{quote} Good, good. Too many fakes for me today. I lost 2k today. Not a nice day for me. Will see later this week, what I can profit from again.
Yes, 300 point 15 minute candle of DOW just now.....should be rangebound until 2pm, but of course, they were just busted on the payroll report to the tune of 818K jobs.....imagine that?
  • #41,008
  • Aug 21, 2024 10:03am Aug 21, 2024 10:03am
I have been drinking all morning, and now placed a sell on Gold
Drawdown is more important than Account Size !
  • #41,009
  • Edited 10:22am Aug 21, 2024 10:09am | Edited 10:22am
Quoting pipmaster77
{quote} Yes, 300 point 15 minute candle of DOW just now.....should be rangebound until 2pm, but of course, they were just busted on the payroll report to the tune of 818K jobs.....imagine that?
I was 500 points in profit (FX), but then the news instantly wiped out all my profits and I got slipped as I had my SL on entry placed. It jumped 1100 points in few sec.
Did not loose the whole $2k on that, but played around on Gold with no major setups for that. My mistake, I should sit more tight on my hands doing nothing here.
  • #41,010
  • Aug 21, 2024 10:11am Aug 21, 2024 10:11am
Quoting procrude
I have been drinking all morning, and now placed a sell on Gold
Yes, I tried that on Monday, been recovering ever since, I just turned green on the week. It hit my stop loss by 50 cents and then dropped through my target. Of course, it cranked back up after that.
I have only been trading YM,NQ and ES. Was thinking to add another asset into the mix, had 2 small wins and that was only my 3rd trade on gold....
  • #41,011
  • Aug 21, 2024 10:27am Aug 21, 2024 10:27am
Quoting TrAndy1
{quote} I was 500 points in profit (FX), but then the news instantly wiped out all my profits and I got slipped as I had my SL on entry placed. It jumped 1100 points in few sec. Did not loose the whole $2k on that, but played around on Gold with no major setups for that. My mistake, I should sit more tight on my hands doing nothing here.
Just as a side note. I got 3 pips slippage around for 15 lots, but the last 5 lots I got 9 pips slippage on that. Markets on such news are super tight. Beware if someone is trading 100 lots or more the slip would be much greater. Simply no liquidity on that. Then getting out of market before is the only option, trading big lots, say 100+.
Got an impression why it is almost impossible for any prop to hedge positions around red news. They have no chance, there are really big slippages happening in real.
Imagine they have a summarized 10000 lot or 1 yard position on one side. The slippage is so huge, that everyone is complaining then when slipped like in real. But I can understand it now. Sometimes the liquidity is extra thin. You could expect easily 800 points move against you even SL etc. is all in place. Very difficult for any prop.
  • #41,012
  • Aug 21, 2024 10:38am Aug 21, 2024 10:38am
What I mean is, the advantage trading with a broker is that my size is slipped accord to my size on news and not on aggregate positions like they do on most prop firms.
  • #41,013
  • Aug 21, 2024 10:43am Aug 21, 2024 10:43am
Also on prop firms you cannot trade usually on VPS with 1ms latency on their side. With brokers you can do. I had VPS on, so without I guess I had 100 points extra slip.
  • #41,014
  • Aug 21, 2024 10:45am Aug 21, 2024 10:45am
Now imagine you do not have 100ms normal latency with broker without VPS, but 1 to 2 seconds, which is the case for lot of props, when trades need to be executed. You see how much extra slippage you get on such news ? Impossible to trade this on a prop firm, except one is yolo gambling on that. Has nothing to do with trading.
  • #41,015
  • Aug 21, 2024 11:17am Aug 21, 2024 11:17am
Just noticed Alpha increased their prices. Original target was 8% for Phase 1 @$497. It's now $577. For the original $497 price, you'll need to hit a 10% phase 1 target.
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  • #41,016
  • Aug 21, 2024 11:22am Aug 21, 2024 11:22am
Indigo Trader officially goes bye bye

https://www.financemagnates.com/fore...irms-shutdown/
Pride always comes before destruction.... -Proverbs 16:18
  • #41,017
  • Aug 21, 2024 11:27am Aug 21, 2024 11:27am
Quoting Expo33
Indigo Trader officially goes bye bye https://www.financemagnates.com/fore...irms-shutdown/
Absolutely shocking that a new prop firm can not survive in today's thriving environment.
  • #41,018
  • Aug 21, 2024 11:28am Aug 21, 2024 11:28am
Quoting hayseed
{quote} //----- wild guess....... a normal day for monty.....lol.....h
honestly i dont want that at all, will messup my mentality finally able to happily take losses.... holding losers longer praying to get atleast breakeven to get out is recipe to disaster.....
Extreme gut feeling trader
  • #41,019
  • Aug 21, 2024 11:30am Aug 21, 2024 11:30am
“A combination of a native marketing strategy, high competition, and a rapidly increasing failure rate of firms contributing to potential sales consolidating around the market leaders has meant that our continued growth as a promoter and referrer could not be sustained,” the fallen prop trading firm added.
As Finance Magnates reported earlier, Lucas Thomas headed the now-closed prop trading firm as the President. He had also launched two other companies earlier: Thomas Forex Trading in 2021 and Woofly and L&N in 2022. However, Woofly and L&N disappeared from the market as quickly as Indigo.

These people can just keep opening businesses, scam folks, keep the money and move on to the next endeavor....it's quite incredible, actually.
  • #41,020
  • Aug 21, 2024 11:31am Aug 21, 2024 11:31am
Quoting pipmaster77
{quote} Yes, I tried that on Monday, been recovering ever since, I just turned green on the week. It hit my stop loss by 50 cents and then dropped through my target. Of course, it cranked back up after that. I have only been trading YM,NQ and ES. Was thinking to add another asset into the mix, had 2 small wins and that was only my 3rd trade on gold....
Gold is pure money these couple of days.. too much volatility in all sessions... For current market conditions i dont put a trade when gold is silent when it starts pumping either way pick 2-4$ move.....
Extreme gut feeling trader
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