Disliked{quote} Great choice, I posted a comparison of eval vs accelerated, it is hands down, not even close.Ignored
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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
Disliked{quote} Great choice, I posted a comparison of eval vs accelerated, it is hands down, not even close.Ignored
Disliked{quote} I was on enfoid last night and it confused the bajezus out of me. I may just settle for FTMO and MFF for now but will continue along with lux.Ignored
Disliked{quote} I had a pretty hefty payout as I mentioned to you in DM and am kinda just wasting my money on programs for now trying to get some invoices and stuff for tax season. Bought a new pc yesterday and a whole bunch of other "work related" expenses too. When I was trading just my own money it was much easier to manage taxes. I was going to try theproptrading and say hello to the scam broker they operate on but i saw their webtraffic has dropped so hardcore lately that its likely i will not see anything from them. In terms of webtraffic and security...Ignored
Dear member,
I'm writing to you to provide an update on the recent situation with a few of our Elite account holders.
What has happened is there was a delay of several hours on the AUS200 and UK100 indices on our new server. Unfortunately, this was uncovered by approximately 50 individuals during the last payout cycle. Instead of coming to us with this instead, there was a decision made, either as a group or individually to use this technical error to their advantage and try to ‘game our system’. Our team discovered yesterday that there was a very large quantity of trades on these rarely used indices and after investigating further came to me last night with their findings.
Obviously, this is a big issue, as many members exploited these conditions knowingly to make massive and very unrealistic returns. We cannot allow this to occur in our program, as it is unfair to you: the 1,400 Elite members who are actually trading fairly. We will be voiding all trades made on those pairs for this reason. I’ve contacted each of these members personally and (as I always try to do) give them a second chance by offering them a free reset.
Unfortunately, this is caused massive disruption to our team as we need to review every account in careful detail, plus now manage the distraction these few individuals who refuse to work with us are causing. We are working hard to reduce the impact on you and get the remaining payouts processed by the end of the day - but I ask that you please be patient with the team.
Please note that I am very sorry that the impact of these few have affected the rest of you with delayed responses and unnecessary concern over your payments. Trust that we will have the restof the payouts shortly. Next week we will also be making some small adjustments to our programs to protect you, our members, from having any interruptions like this in the future.
To end on a positive note I’m proud to say that this has been the largest Elite payout week in the history of Funding Talent. On behalf of myself, and the Funding Talent team we hope to see the next Elite payout day even more successful.
Sincerely,
Jessica Ghaney
Founder and CEO
Funding Talent and ForexTips101
1400 Elite members? WOW - it's about time we joined them guys! (I'm almost there now)
Disliked{quote} I'm guessing the 4 are FTMO, FT, MFF and 5ers. Of these 4, the only one i expect to drop in traffic(maybe insignificantly) is 5ers due to the conclusion of the summer plan. Wouldn't touch thepropfirm with anything right now.... better off going with Buoytrade or Enfoid (weird that i still haven't seen any one here with some first hand report or review yet).. As for my FT challenge, my time expired at stage 2.. Starting the retry next week. Once i conquer that, i'll get a 100k account then port over to MFF and an FTMO Swing account. (my experience...Ignored
Disliked{quote} If you haven't traded yet, you should be able to get a refund.Ignored
DislikedDear member, I'm writing to you to provide an update on the recent situation with a few of our Elite account holders. What has happened is there was a delay of several hours on the AUS200 and UK100 indices on our new server. Unfortunately, this was uncovered by approximately 50 individuals during the last payout cycle. Instead of coming to us with this instead, there was a decision made, either as a group or individually to use this technical error to their advantage and try to ‘game our system’. Our team discovered yesterday that there was a very...Ignored
Disliked{quote} please i am new here, i am interested to check your comparison, i have checked your post from July 3rd i cant find the post with eval vs accelerated, please kindly help with link to the postIgnored
DislikedI've done some math for everyone to demonstrate the difference between eval and live on the MFF. Going to compare the 200K eval vs the 20K live conventional as they are approx the same cost. 949 vs 970. 1st "stage" requires 8% on eval, which pays you 2% $320 same 8% on 20K live pays you $800 2nd "stage" requires 5% pays you 4% $400 same 5% on 20K live pays you $500 you are now trading a 200K account on eval model and you are now scaled to 40K on live Going to assume 5% per month from here on just for simplicity 1st month funded 200K @ 5% @ 75% split...Ignored
DislikedI've done some math for everyone to demonstrate the difference between eval and live on the MFF. Going to compare the 200K eval vs the 20K live conventional as they are approx the same cost. 949 vs 970. 1st "stage" requires 8% on eval, which pays you 2% $320 same 8% on 20K live pays you $800 2nd "stage" requires 5% pays you 4% $400 same 5% on 20K live pays you $500 you are now trading a 200K account on eval model and you are now scaled to 40K on live Going to assume 5% per month from here on just for simplicity 1st month funded 200K @ 5% @ 75% split...Ignored
DislikedDear member, I'm writing to you to provide an update on the recent situation with a few of our Elite account holders. What has happened is there was a delay of several hours on the AUS200 and UK100 indices on our new server. Unfortunately, this was uncovered by approximately 50 individuals during the last payout cycle. Instead of coming to us with this instead, there was a decision made, either as a group or individually to use this technical error to their advantage and try to ‘game our system’. Our team discovered yesterday that there was a very...Ignored
Disliked{quote} I had a pretty hefty payout as I mentioned to you in DM and am kinda just wasting my money on programs for now trying to get some invoices and stuff for tax season. Bought a new pc yesterday and a whole bunch of other "work related" expenses too. When I was trading just my own money it was much easier to manage taxes. I was going to try theproptrading and say hello to the scam broker they operate on but i saw their webtraffic has dropped so hardcore lately that its likely i will not see anything from them. In terms of webtraffic and security...Ignored
DislikedJust my personal opinion purely on the trading plan from various prop firm, Lux prop trading program is the best so far if compared. Enfoid is good too but too bad they have some issue with the jurisdiction issue. For Lux on their $150,000: When you reach their first Professional account, they will lose money if the trader in loss. I know you are not paid for the first demo account challenge. However, if you are the prop firm and tries to use the fees paid by trader upfront even through compounding, you still cant compensate the loss of traders...Ignored
[information taken from their website available in Post 1]
Nevertheless, I would suggest that traders attempt the 125 trades on either a demo or live account and see if you can snag 55% win rate using a 1:2 risk reward ratio.
ps. can you the trader get at least 69 trades to hit a 1:2 RR from 125 trades
Masterrmind .........
Disliked{quote} Your first post on FF is touting SUX trading as the best prop firm. Seems reasonable. Just thinking out loud hereIgnored
DislikedIf you reach a 50% win rate with a 1:2 risk/reward ratio, that means the exeptancy of your system is : (0,50 x 2) - (0,50 x 1) = 0,50 This is really outstanding (but non impossible), you're not far from the Holy Grail with such a system. With a 55% win rate, the expectancy rises to 0,65 which is insane. I would stay away from this firm, requirements are too high for my tastes. And I don't like the fact that it promotes only one trading style.Ignored
Disliked{quote}I agree with you on their poor broker choice: Tier1FX is dodgy. Everything else I like esp their very responsive, patient live support.Ignored
Disliked{quote} Your first post on FF is touting SUX trading as the best prop firm. Seems reasonable. Just thinking out loud hereIgnored
Disliked{quote} Hahaha, okay understand your point, ya, this is my first post. But no, I am judging it based on their prop firm model program plan. Not sponsored by them anyway. Cause they offered no time limitations, kpmg(some kind of auditing firm), which allows us as traders for comparison. 5ers are good too on their Low risk model, but I dont like how they structured their bs aggressive plan which is completely bs thus making them less credential. I cant compare Lux/5ers/CTI with FTMO or Enfoid which has one time free but with 30 days limitation. What...Ignored