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Anyone trading with a Prop firm 31 replies

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  • #26,601
  • Nov 26, 2023 10:10am Nov 26, 2023 10:10am
Quoting maahome
@Montygoldy, "I have an example to add here one of my offshore broker for personal forex account is LQDFX. People will say "OOO... so risky not regulated shady broker" and if you check the forexpeacearmy for reviews you'll find there will always be few complaining this n that. I have been using them for 3+ years without any issues and 180k+++ in total payouts hassle free(i mean like same day)." I have also been with LQDFX since they started - never had any issues with them at all and I have several friends and associates who also use them (including...
same with Tradersway. Been using a long time. The ironic thing is, if you reside in the US, the offshore brokers offer FAR SUPERIOR conditions than the US "regulated" offerings. You simply offset the "risk" everyone claims by only needing to deposit 10% to execute THE SAME EXACT size as a regulated US broker. Why would I put up $5K with a US broker to execute the same exact trade with $500 in margin offshore?
It's funny, the folks that claim they are so much more intelligent than everyone are the ones blinded by the false sense of regulation and lack some basic risk mitigation skills.
  • #26,602
  • Edited 10:42am Nov 26, 2023 10:17am | Edited 10:42am
Quoting pipmaster77
{quote} lol....on this way, this guy has owned broker houses, probably has 30+ years experience.
oh, i can only judge what he writes. but what is owning a broker house helping for trading? even most of institutionell traders fail after go out of bank market making advantage (that is a big part of their trading in institutions + even know the big orders coming in market from the other intern desks written on the whiteboard; since some years depends how trading bots have taking over some percentages of the market maker part from the institutionell traders).

come on, someone with 30 year experience would do social prop trading accounts (= games) and go back to beginner - medium level skills? i know a lot of 30 years trading experienced traders, not one would have smallest idea to do it, thats insane even to think about because of opportunity costs. the better you get, the higher gets your opportunity costs and less interesting are other possibilities (thats same in any job you do or business you own).
maybe he lost all he had and need to rebuild, ok legit point. but i try in general to judge what i see and not what people tell what can maybe be true or wrong.

is in many social game props not even the rule inside, that you can only trade here when you are not connected to any trading business, dont be professionell trader or dont manage funds and so on?
  • #26,603
  • Nov 26, 2023 10:25am Nov 26, 2023 10:25am
Quoting TrAndy1
{quote} Always looking around. Maybe I could miss something. That is all. But I am no more concerned here I would miss something after some research in that topic. (BTW just watched a 3 hours video that optimizing and going forward all kind of Orderflow stuff does not work at all. There is non predictive settings here, I have seen.) Here the proof embeddeed...later they got to a point where a data scientist as customer said optimize on Renko charts. But I know that does not work for anyone who also have experience with Renko backtesting and realtime...
Order flow was never intended to have any predictive power. I'd be quite curious where you get this claiming from.
The trading signal must be generated by some leading indicator (value + volume @ level). Order flow is just a tool to confirm entries, nothing else.
  • #26,604
  • Nov 26, 2023 11:55am Nov 26, 2023 11:55am
For FUT traders (from the company's linkedin):
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Not just that, this deal goes beyond a simple discount:
Pass Level 1 of our Scaling Plan, and we'll REFUND your challenge fee.
The discount code? Use it MULTIPLE times for multiple challenges.

REDEEMING IS SIMPLE:
1. Register.
2. Pick challenges.
3. Apply BLACKFRIDAY2023.

Don't miss out on the biggest trading deal of the year!
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  • #26,605
  • Nov 26, 2023 12:56pm Nov 26, 2023 12:56pm
Quoting mcquak
{quote} Order flow was never intended to have any predictive power. I'd be quite curious where you get this claiming from. The trading signal must be generated by some leading indicator (value + volume @ level). Order flow is just a tool to confirm entries, nothing else.
Hey mcquak.. could you define ”Order flow” for me?
what it is, and what it isn’t.
Thanks!
You have an IQ lower than 90 if you interact with this user.
  • #26,606
  • Nov 26, 2023 1:47pm Nov 26, 2023 1:47pm
Quoting pipmaster77
{quote} same with Tradersway. Been using a long time. The ironic thing is, if you reside in the US, the offshore brokers offer FAR SUPERIOR conditions than the US "regulated" offerings. You simply offset the "risk" everyone claims by only needing to deposit 10% to execute THE SAME EXACT size as a regulated US broker. Why would I put up $5K with a US broker to execute the same exact trade with $500 in margin offshore? It's funny, the folks that claim they are so much more intelligent than everyone are the ones blinded by the false sense of regulation...
exactly i have a account there as well and still use it…
Extreme gut feeling trader
  • #26,607
  • Edited 2:23pm Nov 26, 2023 2:08pm | Edited 2:23pm
Quoting Trader191
{quote} yes i understand your idea. but the idea of this social prop is to take the money from the traders (just like a casino with a mathematical edge), not help the traders, that was never the idea behind. there are so many who fake the wins with prop or you see so many big fake payouts as marketing solution, because people like nig numbers and so its done. never underestimate fear of missing out this big money and greed and people fascinated by get rich easy and fast (this makes the marketing for all bad companies/ coaching/ whatever). never...
as i said before your choice, your money and your efforts. Not judging if you dont like stay on the sidelines risk free.
THEY ARE MANY HERE WHO CAN CONFIRM THEY MADE MONEY OF PROP FIRMS. I’ll also do next week when i get mine. In the end they get money in their bank accounts so it doesn’t matter who thinks what.

Again not promoting anything and just purely my opinion. As i said before not here looking for 5-10 years of prop trading. Instead cashing this opportunity to fullest. People need to understand this prop trading in traditional way requires so much education and experience before hand. So its kinda win win for both as a customer and business owner.

Also to add its not FOMO AS I said multiple times i do my own RESEARCH BEFORE giving a single penny.


Plus i have started my prop journey will add all the updates here lets see how far i go. My goal is to go for 3million funding in next 6 months.
Extreme gut feeling trader
  • #26,608
  • Nov 26, 2023 3:20pm Nov 26, 2023 3:20pm
Quoting montygoldy
{quote} as i said before your choice, your money and your efforts. Not judging if you dont like stay on the sidelines risk free. THEY ARE MANY HERE WHO CAN CONFIRM THEY MADE MONEY OF PROP FIRMS. I’ll also do next week when i get mine. In the end they get money in their bank accounts so it doesn’t matter who thinks what. Again not promoting anything and just purely my opinion. As i said before not here looking for 5-10 years of prop trading. Instead cashing this opportunity to fullest. People need to understand this prop trading in traditional way...
You don't need to assure that you're not here to promote because anyone promoting a firm here will be detected, sooner than later.
This is probably the worse space, in the whole internet, for someone to come with they bs promoting props. We smell it miles away.

Never said that but I really appreciate your contribution. You have a bit of unorthodox choices of props, some I don't agree at all, but I like the way you've been describing them and sharing experiences, even if you blow up the accounts.

This space is only good if people share real personal and unbiased experiences, good or bad, and without hidden agendas.
  • #26,609
  • Nov 26, 2023 5:33pm Nov 26, 2023 5:33pm
Anyone using RISE payout ?
Been waiting for 3 working days now
  • #26,610
  • Nov 26, 2023 5:46pm Nov 26, 2023 5:46pm
Quoting montygoldy
{quote} as i said before your choice, your money and your efforts. Not judging if you dont like stay on the sidelines risk free. THEY ARE MANY HERE WHO CAN CONFIRM THEY MADE MONEY OF PROP FIRMS. I’ll also do next week when i get mine. In the end they get money in their bank accounts so it doesn’t matter who thinks what. Again not promoting anything and just purely my opinion. As i said before not here looking for 5-10 years of prop trading. Instead cashing this opportunity to fullest. People need to understand this prop trading in traditional way...
i dont think you promote one.
i just say there are not so many big winners, small winners for sure, dont cost anything big and is good for marketing..... the big will cost a lot and this is more easy to fake to take the marketing effect for this and save a lot of this costs.

so i dont speak directly about you, i spoke about the companies in general.
sorry when it maybe looked like i was speaking about you as trading person.
  • #26,611
  • Nov 26, 2023 5:52pm Nov 26, 2023 5:52pm
Quoting HengkiTjen
Anyone using RISE payout ? Been waiting for 3 working days now
what is the website of RISE payout ?

in relation to which prop ?
  • #26,612
  • Nov 26, 2023 6:08pm Nov 26, 2023 6:08pm
Quoting Stoneyrocks
{quote} what is the website of RISE payout ? in relation to which prop ?
Funded engineer
They only use that and crypto
  • #26,613
  • Nov 26, 2023 6:56pm Nov 26, 2023 6:56pm
Quoting Capablanca
{quote} You don't need to assure that you're not here to promote because anyone promoting a firm here will be detected, sooner than later. This is probably the worse space, in the whole internet, for someone to come with they bs promoting props. We smell it miles away. Never said that but I really appreciate your contribution. You have a bit of unorthodox choices of props, some I don't agree at all, but I like the way you've been describing them and sharing experiences, even if you blow up the accounts. This space is only good if people share real...
there is reason for going with unorthodox choices of props thatis going with cheapest options get myself familiarize with this funding game.
cheapest meaning : get more chances to play around with for eg either 400k with ftmo or 700k worth of other challenges with the same price.
Extreme gut feeling trader
  • #26,614
  • Nov 27, 2023 12:59am Nov 27, 2023 12:59am
FTMO spread are higher than used to be
prop firm has change
  • #26,615
  • Nov 27, 2023 1:12am Nov 27, 2023 1:12am
Quoting HengkiTjen
{quote} Funded engineer They only use that and crypto
They also offer bank transfer..
  • #26,616
  • Nov 27, 2023 1:43am Nov 27, 2023 1:43am
Quoting Lrg
{quote} They also offer bank transfer..
you can try they will direct you to RISE if you request via bank transfer
  • #26,617
  • Nov 27, 2023 4:24am Nov 27, 2023 4:24am
Quoting HengkiTjen
FTMO spread are higher than used to be prop firm has change
From one of the channels:

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  • #26,618
  • Nov 27, 2023 4:33am Nov 27, 2023 4:33am
Anyone here trades with Topstep 50k account I would like to ask you guys a couple of questions about your trading instrument, is it even possible to trade currencies (6E, 6S, 6N, 6A) with a high time frame (>=30 MIN chart) ?? cuz any SL with higher than ~24 tick is too risky for the maximum drawdown or daily, my strategy usually place SL around 24 - 48 ticks from the entry. On the other hand, the 6J is impossible to trade with the 5 contracts maximum size rule. Just want to know what instrument you guys usually trade with, cuz I find currencies are kind of disadvantageous in terms of SL, it is only better with the higher account size (maybe this is the real purpose of the 5 contracts size rules? they want you to subscript a higher account size??) or maybe Im just wrong. Can someone plz enlighten me, Im kinda new in futures tho.
  • #26,619
  • Edited 4:46am Nov 27, 2023 4:34am | Edited 4:46am
Quoting TraderTero
{quote} From one of the channels: {image}
What ? Where is it on website ? That must be a joke from FTMO or ? Customized conditions per individual trader only to that one ?
SL required now with FTMO, really ? It must be an individual customized condition to only one trader or ? Never seen like that on FTMO, it cannot be. Customized ???
Due to you recent track history ? Is that on funded account ?
  • #26,620
  • Nov 27, 2023 4:49am Nov 27, 2023 4:49am
Quoting TrAndy1
{quote} What ? Where is it on website ? That must be a joke from FTMO or ? Customized conditions per individual trader only to that one ? SL required now with FTMO, really ? It must be an individual customized condition to only one trader or ? Never seen like that on FTMO, it cannot be. Customized ??? Due to you recent track history ? Is that on funded account ?
As far as I know it's a funded account. Looks like the client has been too profitable.
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