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Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

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  • #7,861
  • May 10, 2022 5:33am May 10, 2022 5:33am
Quoting Masterrmind
{quote} Well that was short lived. Masterrmind..............

Well I do hope that you get a refund, MM.
  • #7,862
  • May 10, 2022 5:46am May 10, 2022 5:46am
Quoting Mtinifx
{quote} Well I do hope that you get a refund, MM.
Hit and Run

At least they gave a discount
  • #7,863
  • May 10, 2022 8:32am May 10, 2022 8:32am
Quoting maflip
{quote} Hit and Run At least they gave a discount
Can you really blame them though?

They only had Ten Traders, therefore less than $3k in challenge fees to cover all the drawdown.
  • #7,864
  • May 10, 2022 8:34am May 10, 2022 8:34am
Mission accomplished - rubbing salt into the wound
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Basill the sly scamming old fox since 2016 -
Funded Traders - Pros n Cons
  • #7,865
  • May 10, 2022 8:37am May 10, 2022 8:37am
Quoting sampat
She is back...... https://www.youtube.com/watch?v=AwcTNd4VSMU
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Truth is like poetry. And most people f*cking hate poetry.
  • #7,866
  • May 10, 2022 9:06am May 10, 2022 9:06am
Quoting sampat
She is back...... https://www.youtube.com/watch?v=AwcTNd4VSMU
Would've been a better ending if she shouted "Gotcha, suckers!"
  • #7,867
  • May 10, 2022 9:44am May 10, 2022 9:44am
Quoting sampat
She is back...... https://www.youtube.com/watch?v=AwcTNd4VSMU
-She said that she did not want to make this video about herself, but that is exactly what she did. I do not know why she is not in prison, honestly. I would not be surprised if she is working on something new. Sad thing is, people would probably still sign up.

Regarding TenTopTraders, no one should be surprised at all.
  • #7,868
  • May 10, 2022 11:37am May 10, 2022 11:37am
Quoting navk
Another 2 to 3 days I need. {image}
9 th day today.

All trades closed.

I need wednesday and Thursday I guess.

May be Friday too.
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Intraday only.
  • #7,869
  • May 10, 2022 1:42pm May 10, 2022 1:42pm
Quoting navk
{quote} 9 th day today. All trades closed. I need wednesday and Thursday I guess. May be Friday too. {image}
Hi navk,

Well done. Is this a new challenge / evaluation stage with a new firm?
I understand you've tried a few, which one is most reputable?
Only thought you were with the funded trading firm already.
Thanks, J
  • #7,870
  • May 10, 2022 1:50pm May 10, 2022 1:50pm
Quoting sampat
She is back...... https://www.youtube.com/watch?v=AwcTNd4VSMU
Bullshit look's like an cow wich is redy to bee milked....
  • #7,871
  • May 10, 2022 5:47pm May 10, 2022 5:47pm
Quoting Nsak3y
{quote} -She said that she did not want to make this video about herself, but that is exactly what she did. I do not know why she is not in prison, honestly. I would not be surprised if she is working on something new. Sad thing is, people would probably still sign up. Regarding TenTopTraders, no one should be surprised at all.
Canada is really, really soft when it comes to white collar crime.
  • #7,872
  • May 10, 2022 6:06pm May 10, 2022 6:06pm
Quoting EnoFX
{quote} Canada is really, really soft when it comes to white collar crime.
Its not related to canada as prop firm industry is new and no body sued her thats why she is not in jail. Canada is toughest country in terms of regulations (especially related to trading)
  • #7,873
  • May 10, 2022 8:02pm May 10, 2022 8:02pm
Quoting Jolita
{quote} Hi navk, Well done. Is this a new challenge / evaluation stage with a new firm? I understand you've tried a few, which one is most reputable? Only thought you were with the funded trading firm already. Thanks, J
I am with MFF. Had worked with FTMO some six months ago but could not succeed.

MFF works for me though their customer service is not up to the mark.

If there are issues, I take up the matter to Yawuz ( only ) and get it resolved.
Intraday only.
  • #7,874
  • May 10, 2022 8:37pm May 10, 2022 8:37pm
Quoting sampat
{quote} Its not related to canada as prop firm industry is new and no body sued her thats why she is not in jail. Canada is toughest country in terms of regulations (especially related to trading)
Don't make me laugh. We don't even have a federal securities regulator and the provincial ones don't have any resources to pursue anything fishy. Just look at the Quadriga debacle to see how lax are the rules and how they're hardly enforced. It's a very enticing environment for someone like that to operate in.
  • #7,875
  • May 10, 2022 9:29pm May 10, 2022 9:29pm
Quoting EnoFX
{quote} Don't make me laugh. We don't even have a federal securities regulator and the provincial ones don't have any resources to pursue anything fishy. Just look at the Quadriga debacle to see how lax are the rules and how they're hardly enforced. It's a very enticing environment for someone like that to operate in.
Haha there are more failed cases in US, atleast canadian regulated brokers are insured to some extent. If rules are so easy please help me in opening forex account anywhere in canada, I am residing in Alberta.
  • #7,876
  • May 11, 2022 12:08am May 11, 2022 12:08am
Quoting Mtinifx
{quote} Well I do hope that you get a refund, MM.
Yes will keep the thread updated.

This situation has happened to others on both well established and newer Prop Firms and will no doubt happen again.

It's a grey area in which we are operating and as mentioned before, the risk is always present such that full loss of the fee to play occurs.

Provided traders are ok with the potential loss then attempting various challenges is ok to persue but initially seek out the more established firms such as FTMO, MFF and maybe a few others.

At least in my case, the folding firm T10T provided the full terms and conditions on their website of which I have a full unmodified copy and then at least I know after just 1 trade into the challenge that they are toasted because if I went through the full 90 days and was then told it would feel like a far greater waste of my time.

ps. to those traders with childish comments you have all been placed on the sidelines for a few weeks without notice because your contribution to this thread is below par and I would invite you all to think harder about how you might contribute in a more meaningful way this thread !

Onward and upward,

Masterrmind ............
Master your Mind then Master your Trades
  • #7,877
  • May 11, 2022 12:16am May 11, 2022 12:16am
Quoting maahome
{quote} and boom... Notice to all traders Disaster. Stop all trading immediately. Our worst nightmare has happened. All our accounts were wiped out over-night due to several traders having a bad day. Not only a bad day, but they used NO SLs which triggered the Daily draw-down loss allowances on our accounts purchased from our providers. Our fault entirely. We should have imposed the same rules & conditions as those imposed on us by our program providers. We were too trusting in the trading ability shown in the evaluation phases. The fact that those...
This can happen to any firm be they new to the game or well established.

Clearly the objective here is to firstly understand that only risk capital should be used and secondly to hopefully get to a position where the trader is trading completely risk free on a funded account meaning they have no further skin in the game only the time they need to make future trades.

Masterrmind ...........
Master your Mind then Master your Trades
  • #7,878
  • May 11, 2022 2:35am May 11, 2022 2:35am
Very early hit the daily target today.

1k more to do.
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Intraday only.
  • #7,879
  • May 11, 2022 5:30am May 11, 2022 5:30am
Quoting navk
Very early hit the daily target today. 1k more to do. {image}
Navk, is that your umpteenth attempt?

Still, you're a man after my own heart - never say die!
  • #7,880
  • May 11, 2022 6:01am May 11, 2022 6:01am
[quote=Mtinifx;Still, you're a man after my own heart - never say die! [/quote]

I want to have 6 x 100 k.

Will never say dead until then.
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Intraday only.
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