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  • #18,741
  • Aug 19, 2023 7:36pm Aug 19, 2023 7:36pm
Quoting Expo33
{quote} It's because of all the young wannabe boot-licking "influencers" that pimp themselves out for a price to a bunch of other youngins' that weren't taught critical thinking in school. Twitter is like an orgy of self-aggrandizing stupidity. I'm surprised the new CEOs don't hand out kneepads to all of their worshippers. At least that's my completely biased cranky old guy opinion.
I think you nailed it.
  • #18,742
  • Aug 19, 2023 11:01pm Aug 19, 2023 11:01pm
Quoting Capablanca
{quote} WTF ?! Is this an incentive for people that are underwater to gamble and flip coins to get to those 1% ? Had he estimated this in a model, something like how many accounts will achieve it and how many will sunk even more ? Am I giving too much credit to Matt thinking that he thought about that ? This prop circus is getting better and better.
I bet Matt is not able to calculate 499 multiplied by 15 with his hand and brain.
  • #18,743
  • Aug 20, 2023 6:33am Aug 20, 2023 6:33am
Quoting pipmaster77
{quote} If/when it does burst, the big boys MFF and FTMO will still be here, just like I stated 3 years ago. Neither have waivered on their price, neither offers discounts, except the occasional MFF 10% off for their anniversary, Black Friday........and YET THEY ARE STILL THE TWO LARGEST BY FAR The only "edge" all these wannabees had was the unlimited time aspect, that edge has been removed. The irony is, MFF still has the best non-promo pricing, the best target to DD to pass, bonus in phase 1 and 2 and 112% refund, it blows my mind why anyone would...
MFF doesn't have the influencers with lambos and views from Dubai hotels. It's a prop for poor guys.
  • #18,744
  • Aug 20, 2023 6:59am Aug 20, 2023 6:59am
Quoting Capablanca
{quote} MFF doesn't have the influencers with lambos and views from Dubai hotels. It's a prop for poor guys.
This is indeed true in so many levels. Now I completely understand why I like MFF so much and why its my go-to prop firm.
  • #18,745
  • Aug 20, 2023 7:41am Aug 20, 2023 7:41am
Quoting pipmaster77
{quote} If/when it does burst, the big boys MFF and FTMO will still be here, just like I stated 3 years ago. Neither have waivered on their price, neither offers discounts, except the occasional MFF 10% off for their anniversary, Black Friday........and YET THEY ARE STILL THE TWO LARGEST BY FAR The only "edge" all these wannabees had was the unlimited time aspect, that edge has been removed. The irony is, MFF still has the best non-promo pricing, the best target to DD to pass, bonus in phase 1 and 2 and 112% refund, it blows my mind why anyone would...
The new firms will have to compete with old and reputed.

How can they compete ?

By giving discounts, they can .

By releaxing trading conditions, the new firms can attract a bit only.

Personaly, I want few more firms to succeed so that we have FTMO, MFF and few more.
Intraday only.
  • #18,746
  • Aug 20, 2023 8:00am Aug 20, 2023 8:00am
Quoting navk
{quote} The new firms will have to compete with old and reputed. How can they compete ? By giving discounts, they can . By releaxing trading conditions, the new firms can attract a bit only. Personaly, I want few more firms to succeed so that we have FTMO, MFF and few more.
I agree. Would love to have a few more. However, this business in a box where anyone can start a prop firm are not the ones to use, IMO. I mean how serious can you take someone and expect them to pay you when there is a fire sale every other day.....40% off this, 95% payout for life, extra $500 added to your withdrawal. They are being promoted by influencers with (more than likely) free accounts and fake payouts. It has indeed become a circus.
It is actually getting easier than ever to choose who to go with..........simply do not use the ones doing what I just mentioned. Failure is just about inevitable.
Of the circus firms, I think TFTP will probably be the only survivor as they already have the 3rd largest market share (by a lot) and they were the original cartoon-like, discount every other day firm.
  • #18,747
  • Aug 20, 2023 8:25am Aug 20, 2023 8:25am
These are Marketing principles.

Let me tell you.. what happened in my home town.. back in my country where i was born.

Some veggie food when they opened the restaurant was offered at 7 $

The quality offered was very good and people loved them a lot.

A stage has come when People realized they need the Veggie food every day.

The President of the Restaurant ( In fact the name of the restaurant itself id President Restaurant ) announced that They can not survive so they wish to close down the Restaurant.

The locals insisted to Restaurant owner that the restaurant must continue.. and they are prepared to pay additionlal $$ for that veggie item.

The quality has gone supreme, and the restaurant has now increased the price of that veggie food to $$$$.

The owner now a opened a New President Restaurant ( This the name of the new restaurant )

Minting money now. Quality has gone supreme.

The owner was a president of the Local area... and passed Grade 8... ( May be )

So, I do not foresee total failure of new firms..

Some and if not all will survive..as they have been.

See for example TFTP... the worst Firm ever... they hit my stop loss with 48 pips slippage.

Later, I came to know that 8 cap is not that bad but the Firms like TFTP manipulate the feed.

I am using same 8 cap with fundedfx... until now i see a slippage of 0.1 pip as this is usual...

Even during news time, I did not see 8 cap feed thro myfundedfx that bad.

It is TFTP... who are cheats... they tried to convince me in many ways...i refused
Intraday only.
  • #18,748
  • Aug 20, 2023 8:55am Aug 20, 2023 8:55am
Walmart
Nofrills,
Foodbasics
Metro
CanadianSuperstore
Sobeys
Loblaws

These are some of Canada's biggest Chain stores.

All Firms offer daily low price, weekly low price on specified items.

Did any of the firms fail ?

All survive.

When walmart offeres superior price...other firms are compelled to lower the price in order to be competetive.

All of them want to be in race.

Even some of the chain stores offer Price match !!!!
Intraday only.
  • #18,749
  • Aug 20, 2023 9:06am Aug 20, 2023 9:06am
Quoting navk
Walmart Nofrills, Foodbasics Metro CanadianSuperstore Sobeys Loblaws These are some of Canada's biggest Chain stores. All Firms offer daily low price, weekly low price on specified items. Did any of the firms fail ? All survive. When walmart offeres superior price...other firms are compelled to lower the price in order to be competetive. All of them want to be in race.
We have a grocery store in southeast USA, Publix, motto is "Where Shopping is a Pleasure". Prices are higher than Wal-mart. However, customer service is outstanding, aisles are wider, stores are cleaner, etc. They also treat their employees extremely well, stock options, 4+ weeks vacation, great benefits. There are 4 of them within 2 square miles of my home, they are all ridiculously profitable ( i have friends and relatives in management, so I know the numbers).
Guess where I shop?
I avoid Wal-Mart at all costs. I have an entire new level of stress everytime I walk into a Wal-Mart.
Will Wal-Mart survive without me? Of course. However, plenty of folks like me shop at Plublix simply because the experience is 1000 times better. You get what you pay for.
  • #18,750
  • Aug 20, 2023 9:11am Aug 20, 2023 9:11am
Quoting navk
{quote} The new firms will have to compete with old and reputed. How can they compete ? By giving discounts, they can . By releaxing trading conditions, the new firms can attract a bit only. Personaly, I want few more firms to succeed so that we have FTMO, MFF and few more.
I agree that new firms have to offer better conditions, pricing or anything else, otherwise why would people chose them instead of the established and reputable.

The problem comes when these new firms start to face big payouts that they are not yet prepared to do and start to invent tricks like reverse not proved, IPs stuff, etc.
We've seen already that in MFFx, Blue, Bespoke, Finotive, etc. From the new ones the only one I have not heard anything yet was FXIFY but it's probably a question of time.
  • #18,751
  • Aug 20, 2023 9:19am Aug 20, 2023 9:19am
Quoting pipmaster77
{quote} We have a grocery store in southeast USA, Publix, motto is "Where Shopping is a Pleasure". Prices are higher than Wal-mart. However, customer service is outstanding, aisles are wider, stores are cleaner, etc. They also treat their employees extremely well, stock options, 4+ weeks vacation, great benefits. There are 4 of them within 2 square miles of my home, they are all ridiculously profitable ( i have friends and relatives in management, so I know the numbers). Guess where I shop? I avoid Wal-Mart at all costs. I have an entire new level...
There are few points IMO.

1) The new firms want to be competetive by offering lower price ( Discounts )

2) They want to attract new customers

3 ) Once they become big, they may withdraw discounts.

4 ) FTMO would have offered better price when they started.

5 ) MFF until now offering phase 1 and phase 2 bonuses.

6 ) FTMO, MFF offer discounts in December when sales go dry.

The firms based on need, competition do gimmics at various times.

Most of them will survive.. and want them to survive. We need competition as users.
Intraday only.
  • #18,752
  • Edited 9:35am Aug 20, 2023 9:23am | Edited 9:35am
Quoting Capablanca
{quote} I agree that new firms have to offer better conditions, pricing or anything else, otherwise why would people chose them instead of the established and reputable. The problem comes when these new firms start to face big payouts that they are not yet prepared to do and start to invent tricks like reverse not proved, IPs stuff, etc. We've seen already that in MFFx, Blue, Bespoke, Finotive, etc. From the new ones the only one I have not heard anything yet was FXIFY but it's probably a question of time.
yes, when payouts become a problem, it is real concern.

As users, we should be ready to do more challenges based on prevailing conditions from time to time.
Intraday only.
  • #18,753
  • Aug 20, 2023 9:38am Aug 20, 2023 9:38am
Quoting navk
{quote} yes, when payouts become a problem, it is real concern. As users, we should be ready to do more challenges based on prevailing conditions from time to time.
Yes, I believe a solid strategy would be close to max at MFF and FTMO and then diversify with the rest....maybe 5-6 at 100K or 200K......if one goes bust, doesn't hurt so bad.
  • #18,754
  • Edited 12:31pm Aug 20, 2023 9:45am | Edited 12:31pm
Quoting pipmaster77
{quote} We have a grocery store in southeast USA, Publix, motto is "Where Shopping is a Pleasure". Prices are higher than Wal-mart. However, customer service is outstanding, aisles are wider, stores are cleaner, etc. They also treat their employees extremely well, stock options, 4+ weeks vacation, great benefits. There are 4 of them within 2 square miles of my home, they are all ridiculously profitable ( i have friends and relatives in management, so I know the numbers). Guess where I shop? I avoid Wal-Mart at all costs. I have an entire new level...
Without doubt, MFF is byfar the best firm among Prop firms.

They are now in the process of catching culprits, ( Culprit users )

There may be cases, honest users will get banned in this process due to IP address issue.

Most of us are not sure how the IP address works.

I see that, one internet provider, one device ( Laptop or desk top ) is the IP address.

I regularly trade only on desktop and use one Internet provider. AND I SEE ONE IP ADDRESS. in my profile.

I do not even trade on mobile ..but watch price movements in mobile.

We need tp be alert in this matter and do not want to get banned.
Intraday only.
  • #18,755
  • Aug 20, 2023 11:15am Aug 20, 2023 11:15am
Quoting navk
{quote} Without doubt, MFF is byfar the best firm among Prop firms. They are now in the process of catching culprits, ( Culprit users ) There may be cases, honest users will get banned in this process due to IP address issue. Most of us are not sure how the IP address works. I see that, one internet provider, one device ( Laptop or desk top ) is the IP address. I regularly trade only on desktop and use one Internet provider. AND I SEE ONE IP ADDRESS. in my profile. I do not even trade on mobile ..but watch price movements in mobile. We need tp be...
Yep and Funded Trading plus, based in the UK, is another great firm to add to your list
https://www.fundedtradingplus.com/
Check li out
every Saint has a past. Every Sinner has a Future
  • #18,756
  • Aug 20, 2023 11:27am Aug 20, 2023 11:27am
Quoting turnip15
{quote} Yep and Funded Trading plus, based in the UK, is another great firm to add to your list https://www.fundedtradingplus.com/ Check li out
again, to be repeated

trailing drawdown = no thanks
  • #18,757
  • Aug 20, 2023 11:47am Aug 20, 2023 11:47am
Quoting LehmanBrotha
{quote} again, to be repeated trailing drawdown = no thanks
I just checked with "Live" chat and you are wrong !


"Once you hit certain percentage, for example in Experienced trader, 6%, then your max drawdown will be static to your account size."

https://www.fundedtradingplus.com/
every Saint has a past. Every Sinner has a Future
  • #18,758
  • Aug 20, 2023 12:11pm Aug 20, 2023 12:11pm
Quoting turnip15
{quote} I just checked with "Live" chat and you are wrong ! "Once you hit certain percentage, for example in Experienced trader, 6%, then your max drawdown will be static to your account size." https://www.fundedtradingplus.com/
once you hit certain percentage, you should already be cashing out
  • #18,759
  • Aug 20, 2023 12:19pm Aug 20, 2023 12:19pm
Quoting turnip15
{quote} I just checked with "Live" chat and you are wrong ! "Once you hit certain percentage, for example in Experienced trader, 6%, then your max drawdown will be static to your account size." https://www.fundedtradingplus.com/
That's what happens in props with trailing DD. Only noobs, without understanding of how trailing DD works, fall for that garbage.
  • #18,760
  • Aug 20, 2023 1:39pm Aug 20, 2023 1:39pm
Quoting Capablanca
{quote} That's what happens in props with trailing DD. Only noobs, without understanding of how trailing DD works, fall for that garbage.
I thought you wouldn'y read it with an open mind. But others can check for themselves rather than rely on the thread "influencer" of the moment.
In other words let others decode for themdrlves. I like them so at least I'm happy. Trust Pilot rates them highly but each to their own.

The 5%percenters should also be on the top listing:
Take a look people :
https://the5ers.com/
every Saint has a past. Every Sinner has a Future
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