Prop Firm Hub | Page 713 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

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

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #14,241
  • Mar 3, 2023 7:30am Mar 3, 2023 7:30am
Quoting Capablanca
{quote} I guess so, it's marketing, although very easy to spot. It's funny to see that, out of those dozens payouts, there's not even a single soul making any remark to their inefficient payout process, which prevents people from trading during the payout day (D) and also the day after because they only send the new credentials by the end of D+1, very late in the day. Not even one.
On TFTP, I believe after my next payout, I'm a King or some shit and I get 90% and 8 hour payouts.
  • #14,242
  • Mar 3, 2023 7:36am Mar 3, 2023 7:36am
Hi all,
does anyone have experience of trading US30 on MFF? I'd like to know at what lot size do they start to simulate higher slippage? I've seen it discussed on Forex pairs but not on the US30 index.

Thanks
  • #14,243
  • Mar 3, 2023 7:37am Mar 3, 2023 7:37am
Quoting pipmaster77
{quote} On TFTP, I believe after my next payout, I'm a King or some shit and I get 90% and 8 hour payouts.
Sounds like scaling ? If so, also a little bit more DD which is nice.
  • #14,244
  • Mar 3, 2023 7:42am Mar 3, 2023 7:42am
Quoting bluepanido
Hi all, does anyone have experience of trading US30 on MFF? I'd like to know at what lot size do they start to simulate higher slippage? I've seen it discussed on Forex pairs but not on the US30 index. Thanks
Every day. However, I trade $20-25/point spread over 4 prop firms.....so I know nothing about slippage
  • #14,245
  • Mar 3, 2023 7:55am Mar 3, 2023 7:55am
Quoting Capablanca
{quote} Sounds like scaling ? If so, also a little bit more DD which is nice.
This something different I believe. I cannot find the original email, but I believe it's after 6 payouts and a certain volume, you are eligible.
  • #14,246
  • Mar 3, 2023 7:56am Mar 3, 2023 7:56am
Quoting Capablanca
Just saw this in the prop group. Not sure if that's legitim but, if so, why is TFT facing so many demands and not able to respond ? It's not like they are a new incumbent company. {quote} In the meantime, the group goes on being flood by payout proofs of TFF with cared messages, correct grammar, punctuation, etc. Always the same style, print screen + message. Anybody following the group for a while can easily tell how staged those are. Dozens of them in the last 2 days.
TFT had supposedly got a private server from 8cap. Its seems to be a bit of a cluster at the moment.
Trade with confidence, trade without fear.
  • #14,247
  • Mar 3, 2023 8:27am Mar 3, 2023 8:27am
Quoting pipmaster77
{quote} This something different I believe. I cannot find the original email, but I believe it's after 6 payouts and a certain volume, you are eligible.
Found it.....was right about the KIng thing

Hello Traders,

TFT's King's Program is here to offer eligible traders some incredible benefits! For those who are interested here's what you need to know.

Benefits:

  1. Withdrawal Anytime
  2. 8-hour processing time
  3. 90% payouts

Criteria for Eligibility:

  1. 5 withdrawals
  2. All Challenge Accounts
  3. A minimum closed volume of 300 lots per $100K in your starting balance:
  4. 25K: 75 lots
  5. 50K: 150 lots
  6. 100K: 300 lots
  7. 200K: 500 lots
  8. 400K: 1,200 lots
  9. 600K: 1,800 lots
  10. Account must be positive
  11. Your account must not be showing patterns of risking a large percentage of the account size with no clearly defined trading strategy, in a way that resembles some form of directional betting, if your account is determined as a high-risk account, you will not be eligible for the King's Program.

Best of luck trading,

  • #14,248
  • Mar 3, 2023 8:44am Mar 3, 2023 8:44am
Quoting pipmaster77
{quote} Found it.....was right about the KIng thing Hello Traders, TFT's King's Program is here to offer eligible traders some incredible benefits! For those who are interested here's what you need to know. Benefits: Withdrawal Anytime 8-hour processing time 90% payouts Criteria for Eligibility: 5 withdrawals All Challenge Accounts A minimum closed volume of 300 lots per $100K in your starting balance: 25K: 75 lots 50K: 150 lots 100K: 300 lots 200K: 500 lots 400K: 1,200 lots 600K: 1,800 lots Account must be positive...
Good !

You may have met conditions for scaling, as well, but this you would have to request. It's not automatic.
  • #14,249
  • Mar 3, 2023 10:34am Mar 3, 2023 10:34am
Quoting pipmaster77
{quote} Found it.....was right about the KIng thing Hello Traders, TFT's King's Program is here to offer eligible traders some incredible benefits! For those who are interested here's what you need to know. Benefits: Withdrawal Anytime 8-hour processing time 90% payouts Criteria for Eligibility: 5 withdrawals All Challenge Accounts A minimum closed volume of 300 lots per $100K in your starting balance: 25K: 75 lots 50K: 150 lots 100K: 300 lots 200K: 500 lots 400K: 1,200 lots 600K: 1,800 lots Account must be positive...
Its just a mff vip type thing with more criteria?
  • #14,250
  • Mar 3, 2023 10:49am Mar 3, 2023 10:49am
Quoting Takisd
{quote} Its just a mff vip type thing with more criteria?
Exactly. Thank God, as TFTP is a 72 hour process. Waiting on the money isn't the big issue, it's the inability to trade for 3 days. I have a pretty concrete schedule I withdrawal on, but the more firms offering anytime withdrawal, the better. It becomes more and more like trading your own account.
  • #14,251
  • Mar 3, 2023 10:54am Mar 3, 2023 10:54am
Quoting pipmaster77
but the more firms offering anytime withdrawal, the better.
-Absolutely. Although, this is something that should be offered by default, in my opinion.

Sorry if I sound cynical, I just do not like it when firms like TFTP offer garbage service, then act like it's a big thing and something worthy of praise when they finally decide to improve on something. They must think that we are all ignorant, and the fools that act like sheep only prove them right on that.
  • #14,252
  • Mar 3, 2023 11:03am Mar 3, 2023 11:03am
Quoting pipmaster77
{quote} Exactly. Thank God, as TFTP is a 72 hour process. Waiting on the money isn't the big issue, it's the inability to trade for 3 days. I have a pretty concrete schedule I withdrawal on, but the more firms offering anytime withdrawal, the better. It becomes more and more like trading your own account.
To me, the downtime (not being able to trade) is the metric.

TFT with 72 hours "downtime" and TFF with 48 hours are the worse from the ones I where I had withdraws. All the others allow to go on trading, even if they are processing the payout.
  • #14,253
  • Mar 3, 2023 11:47am Mar 3, 2023 11:47am
Quoting forexbali
{quote} Yes I'm agree with you. Then I think than when you are above a 1:3 ratio, and you have let's say a 1:4 or 1:5 ratio, if you close at 1:3 or 1:4 a trade it's even better to think to move to breakeven. I mean, a good trader should be always profitable at a ratio around 1:4 in average, or let's say even to 1:5. Very hard to find these statistics because are too much based of discretionality. So let's say I'm a winner with some entry plan with 1:3 up to 1:10 risk reward ratio, I would prefer to exit near the target than lose time with much more...
I used to scalp dax and us30 but now after all I stick to day trade, the only important thing is close all trades at us session close. I trade also fx during EU session. I left long ago risk reward and all that staff because the more you dig in these the more you risk getting in emotional disappointment. I only care how much trade cost me when I am wrong and when market tells me I am wrong.

My way of thinking is purely psychological.
So for example if u expect some R:R let's say 1:3 and than market reverse few points before your target will you be able to close the trade, will u be able to survive long ranging market when few times in a row market will do 1:1 RR or something like this and than come back to your open price?? What you do if market structure will change how quickly you adapt to new RR??

The only thing you know at any moment in market is how much you afford to loose if u wrong.
  • #14,254
  • Mar 3, 2023 12:00pm Mar 3, 2023 12:00pm
E8 spreads right now
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-03-03 at 18.58.54.png Size: 27 KB
in holiday till end of November
  • #14,255
  • Mar 3, 2023 12:07pm Mar 3, 2023 12:07pm
Quoting forexbali
E8 spreads right now {image}
E8 has good spreads on paper but the slippage (or markup?) makes it much more expensive. I only trade US500 with them and 0.7 looks ok but in reality whenever I place a trade it's about 1 point off the actual market price.
Money is made by sitting, not trading
  • #14,256
  • Mar 3, 2023 12:07pm Mar 3, 2023 12:07pm
Quoting Nsak3y
{quote}-Absolutely. Although, this is something that should be offered by default, in my opinion. Sorry if I sound cynical, I just do not like it when firms like TFTP offer garbage service, then act like it's a big thing and something worthy of praise when they finally decide to improve on something. They must think that we are all ignorant, and the fools that act like sheep only prove them right on that.
Very true. Same concept of some firms make you wait longer for first payout.......more time to blow up the account. This "downtime" while waiting for payout is to simply provide less time for you to earn profit. The firms which do not offer it, obviously, are doing so for a specific reason.......once funded, you are an expense, not a revenue stream.
  • #14,257
  • Mar 3, 2023 12:52pm Mar 3, 2023 12:52pm
Quoting pipmaster77
{quote} Very true. Same concept of some firms make you wait longer for first payout.......more time to blow up the account. This "downtime" while waiting for payout is to simply provide less time for you to earn profit. The firms which do not offer it, obviously, are doing so for a specific reason.......once funded, you are an expense, not a revenue stream.
Yep, TFF with 2 downtime days (business days!) in each payout, means that a cycle has in fact 14 days + 2 business days, so it can be 16 to 18 days, depending on weekends. And that's if we place a trade in the first day of the new cycle.

Any idiot can see that they are not interested in having traders making profits for them. That's the marketing bullshit. Otherwise, what's the logic of reducing the number of yearly days that a trader can trade ?
If they wanted us to make money they would not have downtime at all with this retarded payout process. Same for TFT.
  • #14,258
  • Mar 3, 2023 1:16pm Mar 3, 2023 1:16pm
Quoting Capablanca
{quote} Yep, TFF with 2 downtime days (business days!) in each payout, means that a cycle has in fact 14 days + 2 business days, so it can be 16 to 18 days, depending on weekends. And that's if we place a trade in the first day of the new cycle. Any idiot can see that they are not interested in having traders making profits for them. That's the marketing bullshit. Otherwise, what's the logic of reducing the number of yearly days that a trader can trade ? If they wanted us to make money they would not have downtime at all with this retarded payout...
Everything these firms do exposes the actual business model more and more. These firms have 2 types of customers:
1. The naive and gullible, these are the folks that no matter how many times it is explained, cannot understand the account size is actually the allowable loss....nothing more, nothing less. They fall for all the gimmicky marketing
2. Smart traders who have a system to pass the challenges and realize once funded, the allowable loss is 15-20 times what they would have on their own.
Trader # 1 is an asset to these firms, while trader #2 is a liability. Plain and simple.
  • #14,259
  • Mar 4, 2023 12:25am Mar 4, 2023 12:25am
Quoting pipmaster77
{quote} Everything these firms do exposes the actual business model more and more. These firms have 2 types of customers: 1. The naive and gullible, these are the folks that no matter how many times it is explained, cannot understand the account size is actually the allowable loss....nothing more, nothing less. They fall for all the gimmicky marketing 2. Smart traders who have a system to pass the challenges and realize once funded, the allowable loss is 15-20 times what they would have on their own. Trader # 1 is an asset to these firms, while...
Just as good old B-book brokers.

Prop firms are smarter because they found a way to make the traders loose even more rapidly, with the requirement to double your account in 22 days.
  • #14,260
  • Mar 4, 2023 1:53am Mar 4, 2023 1:53am
Quoting qtrader.co
{quote} Just as good old B-book brokers. Prop firms are smarter because they found a way to make the traders loose even more rapidly, with the requirement to double your account in 22 days.
...and do that all on demo accounts and without any regulation
Money is made by sitting, not trading
133 traders viewing now