Also reports in X that FE discord suspended new invitations and new messages being deleted. Not looking good.
1
prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
DislikedThis is serious thing from Funded Engineer. Read if you have a funded account since before Feb 7th. You may have it reset to challenge 1 phaseb. https://twitter.com/TheTrustedProp/s...72575528390822 They seem in big troubles now.Ignored
DislikedAlso reports in X that FE discord suspended new invitations and new messages being deleted. Not looking good.Ignored
Disliked{quote} Sorry, I missed this post. I got a lot of payouts from them. While they had Deel the payouts were really fast (a matter of hours). After that it was complete mess. We used to fill in a google form and then we had to cry over support after 48 hours. After a while, still with that google form, I started to receive some very fast and some I had to cry. Now they turned it to Rise and the same thing happens. Last one was fast (24 hours if I recall) but the one before I had to cry to support after 2 days. And during that period the account is...Ignored
Disliked{quote} Did they really just say not paying out until businesses stabilises? Not likely to happen with looming law suit, and very unhappy traders. They're done.Ignored
Disliked{quote} Very unclear right now but it's confirmed that accounts before Feb 7th are back to square 1. I don't understand what fking logic is that of treating customers differently. It's like first class and second class traders. Tristan from FE: "that not all funded accounts are being set back to phase 1. It’s only the ones prior to migration, those purchased before February 7th. All new accounts since the launch of our new dashboard are not affected and remain unchanged. However, all accounts purchased before February 7th and then funded are set...Ignored
Disliked{quote} Traders with accounts still alive >2 months are a problem... they are more likely to understand risk management and get too many payouts.Ignored
Disliked{quote} Yeap and too many prop firms, we will see alot of prop firms going down and only the major ones survivingIgnored
Disliked5%ers for forex, apex for futures, funneling 70-80% profits into amp personal account....not sure how much some are truly needing to earn, but 100K *2 (scaled to 500K*2) in 5%ers, 50K * 20 in apex, and then funneling profits into a personal account.........what is everyone still shopping for? It's almost as if we are asking to be screwed, just use the ones we know pay and have superior conditions. The 5%ers has better conditions not only of any prop, but of any broker I have ever used in 10+ years of trading. The spreads are 0 on the majors and...Ignored
Disliked{quote} The 5ers extra rules likely significantly heightens the failure rate and the gambling behavior is likely not there so its more sustainable. I really do not like the organization and owners of them nor their past. The model without more rules and higher barrier to entry is not going to work. Any negative shift kills it. I will happily take more money from them trading legitimately (My current strategy is 1 trade per day) but people should not be fooled and understand the model has run its course. It will start to evolve from here.Ignored
DislikedHi everyone came around here looking for suggestions. I'm thinking to subscribe for a Topstep combine. I wonder how does the connection with Tradingview and Tradovate actually works. For what I see, there is a monthly cost (9$) and the tradingview subscription costs of course. A part of that, I would like to know if anyone uses it, and if there is some lagging or some issues regarding on slippages, or anything eventually affecting the trade execution. Tradovate itself looks a good platform btw, but I have some indicators missing and also some portability...Ignored