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Anyone trading with a Prop firm 31 replies

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

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  • #20,681
  • Sep 5, 2023 4:43am Sep 5, 2023 4:43am
Quoting LehmanBrotha
{quote} because it makes it easier for you to game their size-based slippage filter?
You nailed it

Now we see that we were right in discussing about slippage depending the lots traded. During some time I had the impression that I was not getting almost any slippage in MFF trading up to 4.5 lots but would get more if above 4.5.

Now I see that this was probably a real thing of my videogame...
  • #20,682
  • Sep 5, 2023 6:11am Sep 5, 2023 6:11am
Quoting Capablanca
{quote} You nailed it Now we see that we were right in discussing about slippage depending the lots traded. During some time I had the impression that I was not getting almost any slippage in MFF trading up to 4.5 lots but would get more if above 4.5. Now I see that this was probably a real thing of my videogame...
yep, I think someone on Twitter was posting about it some days ago, regarding MyFundedFx. Permanent slippage against the trader, you never, ever get positive slippage.

Doesn't work like that in real market conditions.
  • #20,683
  • Sep 5, 2023 6:18am Sep 5, 2023 6:18am
Quoting Capablanca
{quote} It's the old question about indexes in props. There are different equivalences for lot sizes and it's not easy to see, even in specifications. I did a tabe many time ago when I considered trading indices in props. There were at least 3 different size. Not sure how it's now but in E8, TFF and MFF 1 lot was $1 per point (so 1 lot would be buying 4500 USD aprox if today). TFT was 10 per point And Blue was 50(!) per point If one screwed this could end up with a huge position, if not an immediate violation.
Sorry I didn't ask correctly I am asking about retail broker might be Aus or any offshore , the ones allowing higher leverage. I know is prop thread but there been posts in past about brokers as well and lot of traders here know which one to trust about withdrawals, slippage etc
  • #20,684
  • Sep 5, 2023 7:06am Sep 5, 2023 7:06am
requested 2nd payout from SMART PROP TARDER
more than 36 hours passed but no contract arrive in deel
smelling like that they are in mood to deny the payout and the laughable thing is that payout is very tiny..
first of all making profit is tough, and then we have to beg the prop firm to send the payout,
its hardship that i am in this field of trading, its very frustrating,
we lose when we are wrong, we lose again when we are right
  • #20,685
  • Sep 5, 2023 7:18am Sep 5, 2023 7:18am
Quoting genuine007
requested 2nd payout from SMART PROP TARDER more than 36 hours passed but no contract arrive in deel smelling like that they are in mood to deny the payout and the laughable thing is that payout is very tiny.. first of all making profit is tough, and then we have to beg the prop firm to send the payout, its hardship that i am in this field of trading, its very frustrating, we lose when we are wrong, we lose again when we are right
US had holiday yesterday, previous days weekend. give it time, your past 36hrs don't count as business hours.

Hopefully you will be fine. maybe someone will sign up today an they'll be able to pay you.
  • #20,686
  • Sep 5, 2023 7:22am Sep 5, 2023 7:22am
Quoting rizla101
{quote} US had holiday yesterday, previous days weekend. give it time, your past 36hrs don't count as business hours. Hopefully you will be fine. maybe someone will sign up today an they'll be able to pay you.
hehehehe someone will sign up
  • #20,687
  • Sep 5, 2023 7:39am Sep 5, 2023 7:39am
Quoting rizla101
{quote} US had holiday yesterday, previous days weekend. give it time, your past 36hrs don't count as business hours. Hopefully you will be fine. maybe someone will sign up today an they'll be able to pay you.
payout approved just a couple of minutes after you replied me.. may be you just scold them to hurry up the process
  • #20,688
  • Sep 5, 2023 7:57am Sep 5, 2023 7:57am
my life problems would have been resolved
but no.. only pain written in my life
in 35 days of trading made over 66k profit and 69k loss
doing phase1 of e8 250k
not able to pass phase1
and balance is currently below initial balance by negative 11k standing at 239k
seems like it will take another 35 days just to paas phase1
because now I will keep my maximum total lot below 1.00 lot and target just 500 $ profit to 600 $ profit
if I got a thought in my mind that I have bring the balance back to original to 250k
its damn sure I will lose this account
today i lost 11k in this
and may be on friday i again lost 11k in this
back to back lost 22k

don't know how long my pain will continue
and offcourse I copied the same trades on my live 10k tff account i lost there as well 450 $ that live funded account is now standing at 9,500$
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: e8 update.jpg Size: 201 KB
  • #20,689
  • Sep 5, 2023 8:14am Sep 5, 2023 8:14am
Quoting genuine007
my life problems would have been resolved but no.. only pain written in my life in 35 days of trading made over 66k profit and 69k loss doing phase1 of e8 250k not able to pass phase1 and balance is currently below initial balance by negative 11k standing at 239k seems like it will take another 35 days just to paas phase1 because now I will keep my maximum total lot below 1.00 lot and target just 500 $ profit to 600 $ profit if I got a thought in my mind that I have bring the balance back to original to 250k its damn sure I will lose this account...

Winnig big is difficult but loosing big is easy in this game. Good luck.
  • #20,690
  • Sep 5, 2023 8:33am Sep 5, 2023 8:33am
Quoting genuine007
my life problems would have been resolved but no.. only pain written in my life in 35 days of trading made over 66k profit and 69k loss doing phase1 of e8 250k not able to pass phase1 and balance is currently below initial balance by negative 11k standing at 239k seems like it will take another 35 days just to paas phase1 because now I will keep my maximum total lot below 1.00 lot and target just 500 $ profit to 600 $ profit if I got a thought in my mind that I have bring the balance back to original to 250k its damn sure I will lose this account...
Looks like you are cutting your wins short and letting your losses run, anyways bro, what you can do is the opposite of what you are doing, maybe you are taking your decisions with emotion, just use a trade copier and reverse your trades and you will win xD
  • #20,691
  • Sep 5, 2023 8:46am Sep 5, 2023 8:46am
Quoting genuine007
my life problems would have been resolved but no.. only pain written in my life in 35 days of trading made over 66k profit and 69k loss doing phase1 of e8 250k not able to pass phase1 and balance is currently below initial balance by negative 11k standing at 239k seems like it will take another 35 days just to paas phase1 because now I will keep my maximum total lot below 1.00 lot and target just 500 $ profit to 600 $ profit if I got a thought in my mind that I have bring the balance back to original to 250k its damn sure I will lose this account...
I would not trust a prop firm where the dashboard is clearly wrong. Your win ratio is 83% ? And RRR = 0.94 ? When you average win is $120 and loss around -500 ????
  • #20,692
  • Sep 5, 2023 8:54am Sep 5, 2023 8:54am
Quoting TrAndy1
{quote} I would not trust a prop firm where the dashboard is clearly wrong. Your win ratio is 83% ? And RRR = 0.94 ? When you average win is $120 and loss around -500 ????
i don't know how the win ratio is calculated, i don't care about all these numbers
may be winning ratio is showing more because of many trades i take i close in profit perhaps the profit is small
i usually don't take losing trades and when losing trades hit sl they are rare but when sl hit, its almost daily loss limit
may be thats why the winning ratio is showing higher...
  • #20,693
  • Sep 5, 2023 9:07am Sep 5, 2023 9:07am
Quoting TrAndy1
{quote} I would not trust a prop firm where the dashboard is clearly wrong. Your win ratio is 83% ? And RRR = 0.94 ? When you average win is $120 and loss around -500 ????
He has obviously got a lot of small winning trades and a few very big loss trades.
  • #20,694
  • Sep 5, 2023 9:43am Sep 5, 2023 9:43am
Info on FunderPro:
https://forexpropreviews.com/funderp...t-affect-them/.

I have never used them.
  • #20,695
  • Sep 5, 2023 9:45am Sep 5, 2023 9:45am
Quoting genuine007
my life problems would have been resolved
the market doesnt owe you this, it doesnt owe you anything and when you realize that it will be a step forward.

You are emotionally tied up to the outcome and unless you figure that out you will keep sabotaging yourself.
Very likely you shouldn't be trading at all, or trading at a very small size where you're outcome indifferent. Otherwise, you're just shooting from the hip and getting such results.


Stop trying to recoup large trading loses by trading.
  • #20,696
  • Edited 10:13am Sep 5, 2023 9:56am | Edited 10:13am
Quoting Capablanca
It's a bit strange that the case has these contradictory statements. If we see it how can't CFTC attorneys see it either. It should be a bit of common sense.
-In cases like this, groups like the CFTC will likely use a very wide brush to try to paint the worst-possible picture, even if they know that what they are claiming may or may not be 100% true or accurate, because they know that it will be the job of the defendants to disprove the claims, which can sometimes be difficult to do, even if you are not guilty.

The more that the CFTC can add to the claims, the easier it will be for MFF to fold without things even going to open court, not only because it may open doors to other things that could burn them, but also because the time and costs involved in fighting a battle like this is just not worth it in most cases. There is also the possibility that if MFF were to push for a trial, there would likely be no other opportunity to make a deal that could keep certain people from serving (or reducing) time.

I am just guessing here. I am no expert with these matters.
  • #20,697
  • Sep 5, 2023 10:18am Sep 5, 2023 10:18am
Quoting Nsak3y
{quote}-In cases like this, groups like the CFTC will likely use a very wide brush to try to paint the worst-possible picture, even if they know that what they are claiming may or may not be 100% true or accurate, because they know that it will be the job of the defendants to disprove the claims, which can sometimes be difficult to do, even if you are not guilty. The more that the CFTC can add to the claims, the easier it will be for MFF to fold without things even going to open court, not only because it may open doors to other things that could...
They need Harvey Specter as their attorney.
  • #20,698
  • Sep 5, 2023 10:20am Sep 5, 2023 10:20am
Quoting Nsak3y
{quote}-In cases like this, groups like the CFTC will likely use a very wide brush to try to paint the worst-possible picture, even if they know that what they are claiming may or may not be 100% true or accurate, because they know that it will be the job of the defendants to disprove the claims, which can sometimes be difficult to do, even if you are not guilty. The more that the CFTC can add to the claims, the easier it will be for MFF to fold without things even going to open court, not only because it may open doors to other things that...
That is how lynching works. Democratic legal systems assume innocence until proven guilty.
  • #20,699
  • Sep 5, 2023 10:21am Sep 5, 2023 10:21am
Quoting pipmaster77
They need Harvey Specter as their attorney.
-Suits has been finished for some time now. Haven't you watched through it yet?
  • #20,700
  • Sep 5, 2023 10:22am Sep 5, 2023 10:22am
Quoting noox
Democratic legal systems assume innocence until proven guilty.
-Yes, but reality system assumes guilty until proven innocent.
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