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  • #17,241
  • Jun 28, 2023 11:27pm Jun 28, 2023 11:27pm
Quoting pipmaster77
That is what we do here, we evaluate the firms and look out for each other.
-And sometimes we go off on a tangent because some of us are nerds.
  • #17,242
  • Jun 28, 2023 11:40pm Jun 28, 2023 11:40pm
Quoting Nsak3y
{quote}-Yes. It's called the broker firm. All you need to do is deposit money into an account and start trading.
For some that take challenges over and over and fail and fail could have a big account - perhaps if not failing that too. But no not what I referred to.
  • #17,243
  • Jun 28, 2023 11:48pm Jun 28, 2023 11:48pm
Quoting pipmaster77
{quote} Of course there is one....go to school, get your series 7 and commute back and forth everyday. I think you've stumbled into the wrong thread. Of course, I know you're just trying to engage us and "protect" us from the big bad remote prop firms we are trading with. We're big boys and girls here though, so we got this.
If one branches out and forgets the acronyms like MFF FTMO (and the many others) for a wee minute one might realise there are other firms that DO provide 30% drawdown and 4% target that is not driven by signup fees but taking 50% of your profits in a we win you win model, without a silly challenge as well. As far as the commute after traditional education route nothing wrong with that as that would be real world grounding unlike which crypto gambling on challenge accounts would give. As far as trying to protect you - not a chance, it's easier to fool someone than try to convince otherwise. If you have got it I commend you so have at it.

All the best.
  • #17,244
  • Jun 28, 2023 11:53pm Jun 28, 2023 11:53pm
guys, why mff says its still my 3rd day of trading when its my 4th day? isn't it supposed to be 4th day since my first trade. my trading days and the one which shows on overview says 2 different things.
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  • #17,245
  • Jun 29, 2023 12:06am Jun 29, 2023 12:06am
Wow, keeping up with this thread is like a full-time job
.
Pride always comes before destruction.... -Proverbs 16:18
  • #17,246
  • Jun 29, 2023 12:15am Jun 29, 2023 12:15am
Quoting FocusWinReal
{quote} If one branches out and forgets the acronyms like MFF FTMO (and the many others) for a wee minute one might realise there are other firms that DO provide 30% drawdown and 4% target that is not driven by signup fees but taking 50% of your profits in a we win you win model, without a silly challenge as well. As far as the commute after traditional education route nothing wrong with that as that would be real world grounding unlike which crypto gambling on challenge accounts would give. As far as trying to protect you - not a chance, it's easier...
Be the change you want to see.
Start a prop with your terms and enjoy the billions.
  • #17,247
  • Jun 29, 2023 12:21am Jun 29, 2023 12:21am
guys is MFFX still going on good? i wana buy an acc there this week, so far so good with them?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #17,248
  • Jun 29, 2023 3:34am Jun 29, 2023 3:34am
Quoting Nsak3y
while others (forcing traders to use larger position sizes) do the complete opposite of that.
That's how you look at it because behind each rule there is a logic. I'm sure they will point out that grid trading (adding to losers at fixed intervals) is a losing strategy when the market is trending without reverting to mean or to some pullback or retracement point.

My point is that having rules to achieve something (preventing grid trading can be positive for some traders) will inevitably make good to some people and bad to some other.
  • #17,249
  • Jun 29, 2023 3:35am Jun 29, 2023 3:35am
Quoting pipmaster77
{quote} Exactly correct. However, we are just pointing out what a shitty opportunity it is compared to the other opportunities. That is what we do here, we evaluate the firms and look out for each other.
And even when we use a firm we should not refrain from criticizing what could be better. I use TFF but I see that their payout process is a piece of garbage compared with other props.
  • #17,250
  • Jun 29, 2023 3:35am Jun 29, 2023 3:35am
Quoting Soros
guys is MFFX still going on good? i wana buy an acc there this week, so far so good with them?
yes you can short GBP with them with no issues.
  • #17,251
  • Jun 29, 2023 5:02am Jun 29, 2023 5:02am
Quoting Inception12
{quote} Nice one, now we need something similar from mff or ftmo. I wonder if ftmo has ever had a decent discount?
I think MFF will have discounts next month its their 3 yr anniversary.

The firms that have discounts everyday should just lower their prices.
  • #17,252
  • Jun 29, 2023 5:47am Jun 29, 2023 5:47am
Hi guys
I have bought 5K challange with 5%ers.
Should i treat the whole £5000 as 100% of my account and risk 1% per trade
or just treat £250 (play money) as a whole 100% and risk 1% per trade ?
How do you do it?
Thank you for all the answers
  • #17,253
  • Jun 29, 2023 5:51am Jun 29, 2023 5:51am
Quoting koyaandy18
guys, why mff says its still my 3rd day of trading when its my 4th day? Isn't it supposed to be 4th day since my first trade. My trading days and the one which shows on overview says 2 different things. {image} {image}
60, 59, 58, 57 ( 1,2,3,4 ). In this counting then day 1 left is the last day
  • #17,254
  • Jun 29, 2023 8:18am Jun 29, 2023 8:18am
Quoting Takisd
{quote} I think MFF will have discounts next month its their 3 yr anniversary. The firms that have discounts everyday should just lower their prices.
Totally agree.

I bought many challenges from MFF in the last 2 years and I paid full price only for the 1st one. Since then I always use Evaluation Reset, which gives me 10% discount.
You get 100K challenge for $449. No other prop firm can compete with MFF when it comes to overall conditions and price.
And you get 112% refund from full price so in effect I am getting 122% refund and 2%+4% bonus.

I've been reading comments from people here over the months and my common sense still don't understand why would people even consider other prop firms until they have 600K from MFF. I fully agree with @pipmaster. Max out MFF and FTMO and if $1mil is not enough, then you can look elsewhere.

If someone likes adrenaline sports then you can test other prop firms that could disappear any day or refuse the payout for whatever ridiculous reason.

@Takisd Thank you for your contributions here.
  • #17,255
  • Jun 29, 2023 8:22am Jun 29, 2023 8:22am
Quoting endgame99
{quote} Totally agree. I bought many challenges from MFF in the last 2 years and I paid full price only for the 1st one. Since then I always use Evaluation Reset, which gives me 10% discount. You get 100K challenge for $449. No other prop firm can compete with MFF when it comes to overall conditions and price. And you get 112% refund from full price so in effect I am getting 122% refund and 2%+4% bonus. I've been reading comments from people here over the months and my common sense still don't understand why would people even consider other prop...
<3

Anyone see the drama on twitter about the new prop firms. I swear these clowns are going to eat each other.
  • #17,256
  • Jun 29, 2023 9:05am Jun 29, 2023 9:05am
Quoting LehmanBrotha
{quote} yes you can short GBP with them with no issues.
lol nice.. i see what you did there
Muni loves you all!
  • #17,257
  • Jun 29, 2023 9:42am Jun 29, 2023 9:42am
Quoting FocusWinReal
{quote} For some that take challenges over and over and fail and fail could have a big account - perhaps if not failing that too. But no not what I referred to.
To be successful with the props (I'm sure 90%+ DO NOT DO THIS) you need to know your pass rate on challenges, your win rate on trades and your R:R. So, for example, you pass 33% of challenges, using round numbers of 100K for $500......you have spent $1500, you need to generate 1.3% profit on the passed account to break even....$1,000 pay + $500 fee back, anything above 1.3% and you are running a profitable business. There are folks who spent 10K or more on challenges and then get a 60K payout, that's a 500% return.....I'll take it.
The problem is most do not treat this as a business. The same holds true trading a personal account.....the success/fail rates run pretty much the same as the props. So you can lose $500 on a chance to trade 100K (in reality it is 10-12K) or lose $500 on a chance to trade a $500 account. Kind of a no brainer if you ask me.
The same person buying multiple challenges is the same person topping that account with a new $500 over and over.
  • #17,258
  • Jun 29, 2023 9:47am Jun 29, 2023 9:47am
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  • #17,259
  • Jun 29, 2023 9:49am Jun 29, 2023 9:49am
Quoting FocusWinReal
For some that take challenges over and over and fail and fail could have a big account - perhaps if not failing that too. But no not what I referred to.
-Yeah. Probably, many traders that are trading with prop should not be trading large amounts of money yet.

In all seriousness to your original question, I do not think that you will find terms like that unless you go with a traditional prop or private investor. Going with traditional prop has it's own hurdles and frustrations, and the barrier-to-entry is much higher (and takes longer).
  • #17,260
  • Jun 29, 2023 9:49am Jun 29, 2023 9:49am
Quoting FocusWinReal
If one branches out and forgets the acronyms like MFF FTMO (and the many others) for a wee minute one might realise there are other firms that DO provide 30% drawdown and 4% target that is not driven by signup fees but taking 50% of your profits in a we win you win model, without a silly challenge as well.
-I would be curious about which firms you are referring to. In most cases, such offers are either highly suspect, or, the offer is not worth the time compared to the 2-step challenge model (e.g. instant funding accounts).
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