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  • #18,321
  • Jul 30, 2023 3:41pm Jul 30, 2023 3:41pm
Quoting Boulder
Just saw this about Surge trader...is that one Kathy Lien and Boris promoted before? .. Gald I didnt buy any challenge from them Surge Trader CEO EXPOSED by SEC in $35,000,000 Ponzi Scheme https://www.sec.gov/news/press-release/2023-142 https://www.youtube.com/watch?v=8H6O...nnel=Kleveland
Now the fall will come.
  • #18,322
  • Jul 30, 2023 4:40pm Jul 30, 2023 4:40pm
Quoting Takisd
We have a shit company, but heres some boobs, we hope you will buy our program {image}
I just saw your posts about the surge trader before....sorry for my repeated info...
I didn't realize it till I saw their stupid ad popping on my computer this weekend,,,
  • #18,323
  • Jul 30, 2023 5:16pm Jul 30, 2023 5:16pm
Hi Folks,

Hope everyone is having pleasant prop firm journey. Anyone trade crypto with prop firm on the weekends? I know FTMO allows cryptos on swing accts but not the regular. On MFF I dont see cryptos ticking at all on weekends.

Any good prop firm for cryptos on weekend, just regular 'plain ol' challenge and verification criteria to pass like regular FTMO accts? Thank You.
  • #18,324
  • Jul 30, 2023 5:55pm Jul 30, 2023 5:55pm
I can't forsee a future without the SEC coming after US prop firms due to surge's involvement in this scamming. I just don't see how it will be ignored.
  • #18,325
  • Jul 30, 2023 7:59pm Jul 30, 2023 7:59pm
Hey. Is there any propfirm that provides real money in funding accounts ?
  • #18,326
  • Edited Jul 31, 2023 7:42am Jul 30, 2023 8:27pm | Edited Jul 31, 2023 7:42am
MyFlashFunding coming August 2nd. https://www.myflashfunding.com/

First 1000 suckers/traders get a 50% discount. Oh my

6% profit target phase 1 AND phase 2 (oooooo, industry pioneers)

No min days, unlimited time, weekly payouts. STINKMarkets
Pride always comes before destruction.... -Proverbs 16:18
  • #18,327
  • Jul 30, 2023 8:45pm Jul 30, 2023 8:45pm
Quoting Takisd
I can't forsee a future without the SEC coming after US prop firms due to surge's involvement in this scamming. I just don't see how it will be ignored.
which firms would you stick with in this moment just to e safe long term?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #18,328
  • Jul 30, 2023 8:48pm Jul 30, 2023 8:48pm
Quoting Boulder
{quote} when you trade demo, how can you manage your emotion? you are missing the big part equation in the trading,
By practice. Its better to master the tech first and be consistent for a long time them. Then by degrees you change and level up.

1. Demo
2. Small lots
3. Increase lot size.

Meaning you earn the right to use more capital the better you get.

One does not jump to big lot size and bet a lot of money and capital from the very beginning.

Why if you win, euporia may take over and over trade may kill us.

If you lose, revenge trade may kill us.

But if you learn via practice and repetition for a long time that if you do x and y happens. From demo, to small lots, to incresing lot sizes gradually, you would have an idea of the effect would be.

You can trust the process. Set and forget 1 to 1.5r or 2 or trail stop to as many r as you can get.
Trading is gambling. So gamble responsibly.
  • #18,329
  • Jul 30, 2023 11:09pm Jul 30, 2023 11:09pm
Quoting Sovy
{quote} By practice. Its better to master the tech first and be consistent for a long time them. Then by degrees you change and level up. 1. Demo 2. Small lots 3. Increase lot size. Meaning you earn the right to use more capital the better you get. One does not jump to big lot size and bet a lot of money and capital from the very beginning. Why if you win, euporia may take over and over trade may kill us. If you lose, revenge trade may kill us. But if you learn via practice and repetition for a long time that if you do x and y happens. From demo,...
One of the best posts I've seen here tbh. Since this is exactly what I've noticed myself as "newbie". That one must be rigorous with the grinding and the system one got. To constantly repeat it making sure it works. So that once you do start with mini lots the repetition part is so deeply ingrained in you and the system that you hardly flinch at the emotions you get. Like conditioning of the mind. How we are conditioned in life too depending on where we are raised and culture. Same methods should be applied to trading. But the only difference is that one must grind the conditioning more effective during shorter amount of time compared to how we are conditioned by society in a lifetime.
  • #18,330
  • Jul 31, 2023 1:55am Jul 31, 2023 1:55am
Quoting Boulder
Just saw this about Surge trader...is that one Kathy Lien and Boris promoted before? .. Glad I didnt buy any challenge from them Surge Trader CEO EXPOSED by SEC in $35,000,000 Ponzi Scheme https://www.sec.gov/news/press-release/2023-142 https://www.youtube.com/watch?v=8H6O...nnel=Kleveland
Not to discredit anything but this is a youtuber with a "trading academy" who just launched his own prop firm - with an industry pioneering 10%+10% target.
  • #18,331
  • Jul 31, 2023 2:14am Jul 31, 2023 2:14am
Quoting Soros
{quote} which firms would you stick with in this moment just to e safe long term?
If the SEC comes, no firm is safe. I dont see how any of them will reliably satisfy what the SEC may demand. Perhaps the big two but its a very big perhaps.
  • #18,332
  • Jul 31, 2023 4:46am Jul 31, 2023 4:46am
Quoting noox
{quote} Not to discredit anything but this is a youtuber with a "trading academy" who just launched his own prop firm - with an industry pioneering 10%+10% target.
He isnt really saying anything wrong but you are right, dont pimp trash and talk shit at the same time. Like tradernick promoting fx2 as if its actually backing traders 1:1 ... grow up.
  • #18,333
  • Jul 31, 2023 7:06am Jul 31, 2023 7:06am
Hi, is the FTMO is the best regarding the slipage? Sometimes I’m trading news releases
  • #18,334
  • Jul 31, 2023 7:52am Jul 31, 2023 7:52am
Quoting Zebi
{quote} boulder is right...unless one experiences despair, despondency and depression...and reaches the state of praying to some shithead god and bargaining with him that you wont do something so stupid again if he just lets you recover to breakeven LOL...youll never learn or grow to be a better trader and you cant do that on demo. when i started in 2000 forex was in its infancy. brokers used to requote you all the time. if you hit a buy button they came back with a requote that was worse for you than what you clicked. only way to learn was losing...

There are still people who believe in God like me so I think you should apology for what u said in your post my friend.
  • #18,335
  • Jul 31, 2023 8:30am Jul 31, 2023 8:30am
Quoting erlas7
Hi, is the FTMO is the best regarding the slipage? Sometimes I’m trading news releases
They have a no news rule. Likely to not have to deal with big slippage.
  • #18,336
  • Edited 8:53am Jul 31, 2023 8:40am | Edited 8:53am
Oh wonderful... a prop firm owner runs a side hustle ponzi scheme & gets sued by the SEC. While we're at it, let's look over his prop firm's books... hmmmmmmm this looks like another ponzi scheme. This is definitely not a good development!

I wonder what these prop firm owners that own multiple other prop firms are doing?
  • #18,337
  • Jul 31, 2023 9:09am Jul 31, 2023 9:09am
Quoting CableJ
Oh wonderful... a prop firm owner runs a side hustle ponzi scheme & gets sued by the SEC. While we're at it, let's look over his prop firm's books... hmmmmmmm this looks like another ponzi scheme. This is definitely not a good development! I wonder what these prop firm owners that own multiple other prop firms are doing?
and this is why I've stated for 3 years............ONLY use the proven, reliable ones.........the unknown, newer ones are going to bring unwanted attention. If we don't use them, they have no business, there is no attention.
However, everyone need 1% less target and 5 more trading days and 2% more proflit split and no slippage and 0 spread, and, and ,and, and............. because all of those things MAKE YOU a better trader!!!!
WELL HERE WE ARE. Now those of us actually making money may have it jeopardized because of one such company.
  • #18,338
  • Jul 31, 2023 9:50am Jul 31, 2023 9:50am
Quoting pipmaster77
{quote} and this is why I've stated for 3 years............ONLY use the proven, reliable ones.........the unknown, newer ones are going to bring unwanted attention. If we don't use them, they have no business, there is no attention. However, everyone need 1% less target and 5 more trading days and 2% more proflit split and no slippage and 0 spread, and, and ,and, and............. because all of those things MAKE YOU a better trader!!!! WELL HERE WE ARE. Now those of us actually making money may have it jeopardized...
Once again mans eager for greed. Destroys itself. Sadly for me I feel I will miss out on this forex prop firm boat. Since SEC and regulators I think will go full ham shortly. But at least I learned a lot. But we are soon back to 2000s trading conditions by the looks of it. The only way I can see prop firms who are serious surviving this is if they heed to the regulators demands and licenses and such things.
So those licences will be so expensive of course so that the minor scam prop firms would have difficulties to even enter the market. But thats my guess. Which would basically give them like 1:10 leverage trading Indices. Then limits of course on how much a person can earn would be imposed as seems to be the new standard regulatory aim for govts world wide.

I said it before. Its as if the Prop firms knows something is up and this goes into panic mode and giving out unlimited time even if it was never even heard of the last decade. That doesn't seem fishy to anyone? Okay then. Then suddenly this news about this scam artists shows up "coincidence"... Right.
  • #18,339
  • Jul 31, 2023 10:00am Jul 31, 2023 10:00am
Quoting Takisd
{quote} If the SEC comes, no firm is safe. I dont see how any of them will reliably satisfy what the SEC may demand. Perhaps the big two but its a very big perhaps.
I don't understand how SEC can put hands on those prop firm business since we all trade the demo accounts. There are no real securities trading involved..
  • #18,340
  • Jul 31, 2023 10:04am Jul 31, 2023 10:04am
Quoting Boulder
{quote} I don't understand how SEC can put hands on those prop firm business since we all trade the demo accounts. There are no real securities trading involved..
I share the same optimism. However, these alphabet agencies do whatever they want.
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