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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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  • #27,141
  • Dec 9, 2023 12:11pm Dec 9, 2023 12:11pm
Quoting pipmaster77
{quote} This is what I thought. So, in an eval, who cares if it stops trailing once you've hit the target? My trailing threshold should be nowhere near 53K when my account balance hits 53K? Why is this even an issue? There is no way for my trailing threshold to be 53K without my balance already have been there.
No idea why some have issues wrapping their head around it.
Trade with confidence, trade without fear.
  • #27,142
  • Dec 9, 2023 12:12pm Dec 9, 2023 12:12pm
Quoting pipmaster77
{quote} ABSOLUTELY WRONG......He states at any point, you are risking 100% of your trading capital. Here is the truth......because you have 10x the leverage, you only need 1/10 of the margin to execute the same trade. You can literally trade the same size with 2,000 as you would need 20K with a "regulated" broker. That is only EURUSD, USDCAD and EURCAD, most others are 30:1 and 20:1, now you need 20-25 times more. Therefore.....90% of your "trading capital" can sit in an FDIC insured back account. You are actually risking 100% of your capital with...
I love it when people post YouTube videos because it saves me time when I'm catching up on the thread. I just scroll right on by.
Pride always comes before destruction.... -Proverbs 16:18
  • #27,143
  • Dec 9, 2023 10:53pm Dec 9, 2023 10:53pm
Does MFFX or it's owner(s) also own Swift Funding or have a financial interest / investment in it?

"To help kick start Swift Funding and what the founders Kevin Brian and Brad are doing over there, MyFundedFX will be doing the giveaway for tomorrow in the swift funding discord. Same process but the form link will be posted in announcements channel tomorrow at 9 per usual"

Seems odd that they would be posting in another company's announcement channel, like they did with MyFundedFutures, unless it was also theirs.
  • #27,144
  • Dec 9, 2023 10:54pm Dec 9, 2023 10:54pm
48 hours since I supposedly secured the 5K free Alpha Funded Muppet account with no credentials.

Opened the support chat - no response.

Opened up a Discord support ticket - no response.

Asked about it in Discord in the "5K free giveaway" thread and my question was instantly deleted with no response.

At least I'm clogging up the system for their real paying customers.

Pathetic
Pride always comes before destruction.... -Proverbs 16:18
  • #27,145
  • Dec 9, 2023 11:13pm Dec 9, 2023 11:13pm
Quoting navk
{quote} I am on the 34 th place in Leaderboard after taking first ondemand payout with FXIFY {image}
Hello, I will be buying account in January

I stopped trading in 2015 after losing cumulative $25k + personal capital. Trying to get back on my feet with prop trading.

Where you able to withdraw your profit with this firm. This will be my first prop firm account purchase. I will be starting with $15,000 because it is what I can afford for now.
https://trader.ftmo.com/metrix/1040315039
  • #27,146
  • Dec 9, 2023 11:55pm Dec 9, 2023 11:55pm
Quoting Expo33
48 hours since I supposedly secured the 5K free Alpha Funded Muppet account with no credentials. Opened the support chat - no response. Opened up a Discord support ticket - no response. Asked about it in Discord in the "5K free giveaway" thread and my question was instantly deleted with no response. At least I'm clogging up the system for their real paying customers. Pathetic
Mine was within minutes. Did you do it after it expired at rollover on the 8th?
  • #27,147
  • Dec 10, 2023 2:03am Dec 10, 2023 2:03am
Quoting navk
{quote} I am on the 34 th place in Leaderboard after taking first ondemand payout with FXIFY {image}
Did you eventually pass your evaluation phase with them?

I notice they do not offer trial account for one to test the water
https://trader.ftmo.com/metrix/1040315039
  • #27,148
  • Dec 10, 2023 2:45am Dec 10, 2023 2:45am
Open question. Considering the endorsement for the forex prop firms even if they are proven to be unreliable with payouts. It makes me wonder why so many refuse to move on learn to adapt to for example other prop firms who do have a track record to payout. This shows to me theres three types of traders here as I understand. The gambler, the 10+ currency trader who had it as hobby to swing trade for fun as side kick and the serious traders.

The 2 first type of traders I assume got big issues to adapt to learn something new, since they are busy with life and truly loved the somewhat easy cash they could get or do get from FTMO and in past from MFF. Especially now its even more gambler oriented as time limits got removed.

So my question is for these two groups, do you normally gamble in other venues in life like sportsbetting or lottos? Question for the 10+ years currency swing trader. Why do you feel reluctant to learn a new trading method and adapt is it due to age or just old habit. Or just out of fear that the current trading style might be affected. Markets change so at some point in those 10 years you surely had to completely change your trading style. So again is it some kinda age factor that it becomes too tough to adapt the older we get to new styles new markets. Perhaps its also due to pride and ego since you have so much experience trading you feel you shouldnt have to learn something new or think you can learn something new. Like a block mentally due to overconfident in experience. No pun intended here. Just a newbie learning.
  • #27,149
  • Dec 10, 2023 3:23am Dec 10, 2023 3:23am
Quoting AaronPriest
Does MFFX or it's owner(s) also own Swift Funding or have a financial interest / investment in it? "To help kick start Swift Funding and what the founders Kevin Brian and Brad are doing over there, MyFundedFX will be doing the giveaway for tomorrow in the swift funding discord. Same process but the form link will be posted in announcements channel tomorrow at 9 per usual" Seems odd that they would be posting in another company's announcement channel, like they did with MyFundedFutures, unless it was also theirs.
same thing with fundedengineer as well they are opening a new firm. Just saw the update on their discord…
Extreme gut feeling trader
  • #27,150
  • Dec 10, 2023 3:48am Dec 10, 2023 3:48am
Quoting AaronPriest
{quote} Mine was within minutes. Did you do it after it expired at rollover on the 8th?
This is when I completed the KYC and a message popped up after the successful completion saying I would receive an email with the credentials.
Attached Image (click to enlarge)
Click to Enlarge Name: alpha.png Size: 33 KB

Just got an email back from chat support. Just a form email that didn't even attempt to answer my query. Just some poor low-paid support scrub being brutalized because of the morons in the marketing department. No worries on my end just thought I'd check out their gig for free but as I said I never expected they would send me credentials
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #27,151
  • Dec 10, 2023 3:54am Dec 10, 2023 3:54am
Quoting labu
Open question. Considering the endorsement for the forex prop firms even if they are proven to be unreliable with payouts. It makes me wonder why so many refuse to move on learn to adapt to for example other prop firms who do have a track record to payout. This shows to me theres three types of traders here as I understand. The gambler, the 10+ currency trader who had it as hobby to swing trade for fun as side kick and the serious traders. The 2 first type of traders I assume got big issues to adapt to learn something new, since they are busy with...
I use fractal geometry so it doesn't matter if the market changes, it still works.

The universe changes every second and yet calculus/physics can describe it perfectly.

In addition, reading price action trumps changing market conditions.

Whether it's raining or sunny I'm still sexy with chiseled abs.
Pride always comes before destruction.... -Proverbs 16:18
  • #27,152
  • Dec 10, 2023 5:39am Dec 10, 2023 5:39am
Quoting Expo33
{quote} I love it when people post YouTube videos because it saves me time when I'm catching up on the thread. I just scroll right on by.
I have the same feeling for 2 or 3 users that use to come here trying all they can to convince us how bad prop firm industry are and that we should never, in any circumstance, to spend money or time in it. They use to write a lot so it's nice to jump to the next post.
They seem like Jehovah wetness trying to get members, on a Friday, at the door of a mosque.
  • #27,153
  • Dec 10, 2023 6:52am Dec 10, 2023 6:52am
Quoting Advice777
{quote} Did you eventually pass your evaluation phase with them? I notice they do not offer trial account for one to test the water
I got first payout with fees.

Then violated.

Currently my is with FXIFY and did phase 1.

Phase2 in progress.
Intraday only.
  • #27,154
  • Dec 10, 2023 8:29am Dec 10, 2023 8:29am
Quoting navk
{quote} I got first payout with fees. Then violated. Currently my is with FXIFY and did phase 1. Phase2 in progress.
Good to hear. Hopefully I will not be violating their rules. I don't own a laptop, no EA of any sort, no copy trading others signal. I trade comfortably from only mt4 andriod mobile phone. The reason I want to take this venture serious this time is to be consistent and not greedy. This way I will gradually recover my lost accumulated $10,000+++ capital lost between 2010 to 2015. This unavoidable loss caused by my own ignorance and poor trading habits melted a huge burden on my financial state even till I speak. Bad trading habits (wrong timing) and poor forex educational foundation from so called mentors was my bane
https://trader.ftmo.com/metrix/1040315039
  • #27,155
  • Dec 10, 2023 8:42am Dec 10, 2023 8:42am
Quoting Expo33
{quote} I use fractal geometry so it doesn't matter if the market changes, it still works. The universe changes every second and yet calculus/physics can describe it perfectly. In addition, reading price action trumps changing market conditions. Whether it's raining or sunny I'm still sexy with chiseled abs.
I use Fibs with , of course, price action confirmation. Confluenece with a daily range for additional confirmation. I beleive the Japaneese used fibs back in the 1600-1700s to trade rice. They, also, have always worked and always will.
No system is if A, than B.....you must also be reacting to the chart in front of you.
Witht hat being said, answering the original question of wht folks use firms that have proven NOT TO PAY.........no idea, and I find myself posting this atleast once per week........
There are 2 firms that have been around since 2016 and another 2-3 with 2+ years of payounts with no issues.......But, nope, sign me up with Lark, Maven and Bespoke please.....and don't even bring the vaseline....I like it like that.
  • #27,156
  • Dec 10, 2023 8:51am Dec 10, 2023 8:51am
Quoting labu
Open question. Considering the endorsement for the forex prop firms even if they are proven to be unreliable with payouts. It makes me wonder why so many refuse to move on learn to adapt to for example other prop firms who do have a track record to payout. This shows to me theres three types of traders here as I understand. The gambler, the 10+ currency trader who had it as hobby to swing trade for fun as side kick and the serious traders. The 2 first type of traders I assume got big issues to adapt to learn something new, since they are busy with...
Wow, you spent almost a paragraph insulting experienced swing traders (and not the technique itself). If you are a newbie learning, why do you assume swing trading is not serious and those that do it are either gamblers, old, egotistical, prideful, or essentially too slow or stupid to learn something new? If they've been doing it for over a decade, then they probably have a proven system that works profitably for them over the long term and they are wise enough to know when to use it and when not to. ;-) Often the methodical tortoise "wins" given enough time and distance over the jackrabbit that jumps from system to system rapidly. That doesn't mean you never change course or slowly alter/improve your method over time of course. I'm not counter-attacking your opinion, just curious why you make so many strong assumptions about swing traders in particular unless you've had a lot of experience with the technique? It is a long term trading style.
  • #27,157
  • Edited 10:57am Dec 10, 2023 10:01am | Edited 10:57am
Hankotrade, and some other unregulated brokers getting kicked off MetaTrader…

F’in lousy. Thanks a lot USA. Thanks for “looking out” for us.

another reason why I prefer to just trade via FTMO and 5ers prop firms. Better conditions than Oanda and forex.com

edit: also with CTI prop firm but no payout yet.
A snails pace wins the race :-)
  • #27,158
  • Dec 10, 2023 10:23am Dec 10, 2023 10:23am
Quoting pipmaster77
{quote} I use Fibs with , of course, price action confirmation. Confluenece with a daily range for additional confirmation. I beleive the Japaneese used fibs back in the 1600-1700s to trade rice. They, also, have always worked and always will. No system is if A, than B.....you must also be reacting to the chart in front of you. Witht hat being said, answering the original question of wht folks use firms that have proven NOT TO PAY.........no idea, and I find myself posting this atleast once per week........ There are 2 firms that have been around...

Totally agree with you, after these 2 which firm u consider to join?
  • #27,159
  • Dec 10, 2023 12:44pm Dec 10, 2023 12:44pm
Quoting pipmaster77
{quote} I use Fibs with , of course, price action confirmation. Confluenece with a daily range for additional confirmation. I beleive the Japaneese used fibs back in the 1600-1700s to trade rice. They, also, have always worked and always will. No system is if A, than B.....you must also be reacting to the chart in front of you. Witht hat being said, answering the original question of wht folks use firms that have proven NOT TO PAY.........no idea, and I find myself posting this atleast once per week........ There are 2 firms that have been around...
Out of curiosity which do you deem as the firms with 2+ years and no issue with payouts outside of FTMO and 5ers? TFF, ACG and CTI?
  • #27,160
  • Dec 10, 2023 4:55pm Dec 10, 2023 4:55pm
Quoting Expo33
48 hours since I supposedly secured the 5K free Alpha Funded Muppet account with no credentials. Opened the support chat - no response. Opened up a Discord support ticket - no response. Asked about it in Discord in the "5K free giveaway" thread and my question was instantly deleted with no response. At least I'm clogging up the system for their real paying customers. Pathetic
I got my free 5 k last week .trading it, seems ok
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