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  • #44,241
  • Nov 8, 2024 10:46am Nov 8, 2024 10:46am
Quoting IndigoPingvi
{quote} What exactly did you ask CTI and what exactly did they answer? Interview is mandatory and in the contract. I am in the evaluation process, trading LV2. After LV1 I received automatic email with congratulation but also with a link to set up a date for an interview. I didn't apply yet... I think you need to go through it before you withdraw the money later in the funded phase.
They said that no video was required in KYC:
http://kids.pplware.sapo.pt/wp-conte.../02/outros.jpg

In the past they were demanding a mandatory video of up to 60s talking about the experience. Apparently not anymore.

You're talking about LV1 and LV2. Is that an instant funding account ? I think Stoneyrocks asked them about 2 steps challenges. Maybe they keep the interview but only at payout date or so.
  • #44,242
  • Nov 8, 2024 11:21am Nov 8, 2024 11:21am
Quoting Capablanca
{quote} They said that no video was required in KYC: http://kids.pplware.sapo.pt/wp-conte.../02/outros.jpg In the past they were demanding a mandatory video of up to 60s talking about the experience. Apparently not anymore. You're talking about LV1 and LV2. Is that an instant funding account ? I think Stoneyrocks asked them about 2 steps challenges. Maybe they keep the interview but only at payout date or so.
No, I did not ask about a specific program , just a general question
  • #44,243
  • Edited 1:06pm Nov 8, 2024 11:28am | Edited 1:06pm
Quoting sheva89
{quote} Could it be that this account is with Darwinex, not the Zero with a monthly pay subscription? I have no account with Darwinex, so this is just a guess.
Maybe that's it but it seems strange that it's on the DZero sight.

In any event it made me think about when a trader reaches the Gold level and is eligible for 3rd party capital. They could take 25K of their own money, give 5K to 5 friends and then have them invest in them. Gets the ball rolling and makes other people more comfortable investing in a newer trader

DZero if your reading this I would never do that. I'm just saying
Pride always comes before destruction.... -Proverbs 16:18
  • #44,244
  • Nov 8, 2024 11:36am Nov 8, 2024 11:36am
Quoting Stoneyrocks
@MontyGold you are using the Tradovate group copier and had not a single issue so far ? this is what Elitetraderfunding has on the website {image}
no issues for me yet all works fine
Extreme gut feeling trader
  • #44,245
  • Nov 8, 2024 11:37am Nov 8, 2024 11:37am
Quoting IndigoPingvi
{quote} Are you saying you have multiple accounts with one prop firm and you copy THE SAME trade to all of these accounts? Generally speaking prop firms do not allow this.
Futures firms promote this.... you can purchase max accounts from a firm and copy trades . All the futures platforms have inbuilt copier
Extreme gut feeling trader
  • #44,246
  • Nov 8, 2024 12:05pm Nov 8, 2024 12:05pm
Quoting Expo33
{quote} Maybe that's it but it seems strange that it's on the DZero sight. I any event it made me think about when a trader reaches the Gold level and is eligible for 3rd party capital. They could take 25K of their own money, give 5K to 5 friends and then have them invest in them. Gets the ball rolling and makes other people more comfortable investing in a newer trader DZero if your reading this I would never do that. I'm just saying
I think that’s the case, when you open Darwinex, you are rolled into Silver allocation, that’s why we can see them. It’s all assumption, I don’t have the account.

You may convince your friends, followers to invest in you when they can’t trade on their own.
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  • #44,247
  • Nov 8, 2024 1:41pm Nov 8, 2024 1:41pm
Quoting montygoldy
{quote} Futures firms promote this.... you can purchase max accounts from a firm and copy trades . All the futures platforms have inbuilt copier
what platform are you using?
  • #44,248
  • Nov 8, 2024 2:13pm Nov 8, 2024 2:13pm
Quoting caviarblue
{quote} what platform are you using?
tradovate
Extreme gut feeling trader
  • #44,249
  • Edited 2:49pm Nov 8, 2024 2:16pm | Edited 2:49pm
Closing the week with sad day.....

1. Lost takeprofittrader evals (As i mentioned in asian session 1k loss on those but i forgot to remove the tp order that got triggered when i was asleep and lost those as tsp violate the account you touch dll)
2. MFFU Funded hit DLL on two account.
3. Topstep passed accounts will activate from next payout..... Need to close the year with some positivity so slowing down on challenges .....
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Extreme gut feeling trader
  • #44,250
  • Nov 8, 2024 4:15pm Nov 8, 2024 4:15pm
Quoting montygoldy
Closing the week with sad day..... 1. Lost takeprofittrader evals (As i mentioned in asian session 1k loss on those but i forgot to remove the tp order that got triggered when i was asleep and lost those as tsp violate the account you touch dll) 2. MFFU Funded hit DLL on two account. 3. Topstep passed accounts will activate from next payout..... Need to close the year with some positivity so slowing down on challenges ..... {image}
Monty, you post now and then the profits made, payouts received, accounts blown.
All are personal experience and i love those who share personal experience.
it gives me opportunity to learn from your good and bad part.
Now, what you do to eradicate bad experience ?
IMO,
1. Reduce lot size.
2. Trade when you are awake
3. Trade maximum two accounts at a time. I learnt this trick once from cablej
I totally forgot today is Friday. One of my friend from Scarborough reminded me by noon time. That helped me to close all platforms. Lol

Having said good luck for next week
Intraday only.
  • #44,251
  • Nov 8, 2024 4:23pm Nov 8, 2024 4:23pm
My trading week is excellent.
Passed apex 1 Eval.
On the verge of passing evals of apex 2 and mffu.
Will go slow.
FXIFY is consistent.
Intraday only.
  • #44,252
  • Nov 8, 2024 4:35pm Nov 8, 2024 4:35pm
Quoting OutThere
{quote} Yes this way with Darwinex one can get 95% profit share instead of props with 90%.
That would be correct, but I assume you need to pay taxes then on your income? In my country if you work under contract you pay 25% tax.
  • #44,253
  • Nov 8, 2024 4:48pm Nov 8, 2024 4:48pm
Quoting Stoneyrocks
{quote} I asked if a video was necessary , if you look back in my following post , I corrected that and posted the email from CTI by the way , is this a video interview over Skype ?
I can't find that email... So I have no idea, but probably.
  • #44,254
  • Nov 8, 2024 4:53pm Nov 8, 2024 4:53pm
Quoting Capablanca
{quote} They said that no video was required in KYC: http://kids.pplware.sapo.pt/wp-conte.../02/outros.jpg In the past they were demanding a mandatory video of up to 60s talking about the experience. Apparently not anymore. You're talking about LV1 and LV2. Is that an instant funding account ? I think Stoneyrocks asked them about 2 steps challenges. Maybe they keep the interview but only at payout date or so.
They have Instant funding, 2 Step Challenge and Direct funding. I am in 2 step.
  • #44,255
  • Nov 8, 2024 5:08pm Nov 8, 2024 5:08pm
Quoting navk
{quote} Monty, you post now and then the profits made, payouts received, accounts blown. All are personal experience and i love those who share personal experience. it gives me opportunity to learn from your good and bad part. Now, what you do to eradicate bad experience ? IMO, 1. Reduce lot size. 2. Trade when you are awake 3. Trade maximum two accounts at a time. I learnt this trick once from cablej I totally forgot today is Friday. One of my friend from Scarborough reminded me by noon time. That helped me to close all platforms. Lol Having said...
for me personally is revenge trading and meltdown where a average loss days becomes thrice in size ……….i need to
Stop… probably as i am saying need a full restriction on either tp or sl whichever hits first
….
Extreme gut feeling trader
  • #44,256
  • Nov 8, 2024 5:31pm Nov 8, 2024 5:31pm
Do you believe that it will be possible to keep day trading on forex financed by the E8 markets prop operating on a light scale?
  • #44,257
  • Nov 8, 2024 5:59pm Nov 8, 2024 5:59pm
Quoting montygoldy
{quote} for me personally is revenge trading and meltdown where a average loss days becomes thrice in size ……….i need to Stop… probably as i am saying need a full restriction on either tp or sl whichever hits first ….
yes, that helps from doing revenge trading.

On the other hand, what i try to do is go slow approach.

Every day, 50 to 200 $ approach.

One can reach financial goals with slow approach also.

Having said, the news of one futures firm, disappearing after swindling 10 M, is not good one.

Let us stick to reputed firms.
Intraday only.
  • #44,258
  • Nov 8, 2024 7:25pm Nov 8, 2024 7:25pm
Quoting IndigoPingvi
{quote} That would be correct, but I assume you need to pay taxes then on your income? In my country if you work under contract you pay 25% tax.
Tax is always an afterthought.
Make money first, deal with taxes later.
As far as I know, in my country, proceeds from trading FX is considered a side hustle and can be added to your other income and it will be taxed at the relative income level tax rate.
I know it is easier to want to pay taxes on gains than it is to take tax write offs on losses.
Maybe navk knows more about tax issues.
  • #44,259
  • Nov 8, 2024 8:02pm Nov 8, 2024 8:02pm
Quoting navk
{quote} yes, that helps from doing revenge trading. On the other hand, what i try to do is go slow approach. Every day, 50 to 200 $ approach. One can reach financial goals with slow approach also. Having said, the news of one futures firm, disappearing after swindling 10 M, is not good one. Let us stick to reputed firms.
Yep first scam happened in futures world where everyone be like few months back its so secure…
will it open the flood gates……????

better milk’em fast ….
Extreme gut feeling trader
  • #44,260
  • Nov 8, 2024 8:23pm Nov 8, 2024 8:23pm
Quoting montygoldy
{quote} Yep first scam happened in futures world where everyone be like few months back its so secure… will it open the flood gates……???? better milk’em fast ….
what this firm has done is cheating.
Regulation point of view, futures firms are secure unlike fx prop firm
Intraday only.
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