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  • #28,101
  • Jan 11, 2024 7:24am Jan 11, 2024 7:24am
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I dont understand daily loss my histor sa8ys minus 106,89
  • #28,102
  • Jan 11, 2024 7:47am Jan 11, 2024 7:47am
Quoting ladder
{quote} So if 100% people fail, MFF will be 100% successful. If no one can make money at MFF, then MFF will make tons of money. What's your education level?
I thought it went out saying it was general description of the fundamentals. With a more nuanced look, of course there needs to be some success in order for there to be promotion / marketing, but given how the average retail traders thinks / behaves, I bet that success level threshold is very low, and far lower than MFFs was. There are props that pay out a fraction of their revenue and they still manage to continue.

This inherent conflict of interest drove them to behave in the way that's resulted in their business being destroyed.

Quoting Fagin
{quote} Sounds about right, I'm back with Darwinex (just trading my cash account) and they show a neat capacity measurement. On this account I swing intra and don't "scalp" so the orders are sometimes in for hours, they reckon it's about 0.7% difference on return per approx. 1 pip variance for the order (using stop orders as well). Their problem to sort not mine So if you are a scalper and/or trade stuff with biggerspreads you are basically junk.
Brokers don't really want scalpers.

All 'scalpers' do, other than eventually fail like nearly all retail traders, is take top of book liquidity (depending on the risk management structure) away. That's also why scalping isn't usually scalable i.e. trying to load in larger position sizing pushes people further down the order book so the fills are worse.

Quoting Expo33
So if I go to play blackjack at a casino and my buddy and I each wager a $5 chip and he wins and I lose I will have to call the Pit Boss over and demand that he/she/they/it/ze/zer puts a sign up saying that all winning bets are paid from other player's losing bets. Having that information in advance will guarantee that I'll be a winning player because I'm too stupid to figure it out on my own. Can you believe the nerve of these casinos trying to trick me like that?
You're comparing omission to actively lying.

Plus a casino is obvious and well known. Brokers / prop firms have many more variables, which is why so many people seemingly believed the lies.
  • #28,103
  • Jan 11, 2024 8:04am Jan 11, 2024 8:04am
is myforexfunds coming back?
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  • #28,104
  • Jan 11, 2024 8:07am Jan 11, 2024 8:07am
Quoting PropDude1234
{quote}I {quote}Brokers don't really want scalpers. All 'scalpers' do, other than eventually fail like nearly all retail traders, is take top of book liquidity (depending on the risk management structure) away. That's also why scalping isn't usually scalable i.e. trying to load in larger position sizing pushes people further down the order book so the fills are worse..

real brokers do like scalpers a LOT > more commissions ,
market makers dont …
  • #28,105
  • Jan 11, 2024 8:12am Jan 11, 2024 8:12am
Dont really post here, but I am funded on a couple of firms, and today during the CPI news ThinkMarkets (provider of My Funded Fx) went completely out for over 20 minutes, absolutely insane. Good thing I dont really trade the news, but I imagine a scalper being furious, plus in their discord there would only be bot responses and was eventually banned from the discord because I got into an argument with a "respected trader" in the platform (probably some loser influencer traders who dont make money trading, only scamming people into buying their courses and getting payed to promote by the firms).

Imagine getting banned from a support platform just because you voiced valid criticism. Well, only thing left is keep on trading and drying them out.
  • #28,106
  • Jan 11, 2024 8:35am Jan 11, 2024 8:35am
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My Trading histor for today is back to positiv 1.54 but the Max daily loss in the FTMO do not change.
that's where i strugeld the last challenge.
I stop trading for today, look what tomorro will happen
  • #28,107
  • Jan 11, 2024 8:35am Jan 11, 2024 8:35am
Hello my fellow Prop Firm Traders.

I am looking in to a THREE Phase challenge. Only one I found is the Dragon Challenge with the funded trader program.

Do you guys know any other prop firm that offers something similar?

Thanks !
Drawdown is more important than Account Size !
  • #28,108
  • Jan 11, 2024 8:58am Jan 11, 2024 8:58am
Quoting procrude
Hello my fellow Prop Firm Traders. I am looking in to a THREE Phase challenge. Only one I found is the Dragon Challenge with the funded trader program. Do you guys know any other prop firm that offers something similar? Thanks !
5%ers bootcamp, E8, FXIFY. They are not good deals for the trader.
  • #28,109
  • Jan 11, 2024 9:27am Jan 11, 2024 9:27am
Quoting Fagin
As this is a US caused problem with MFF, perhaps a US guy with knowledge of the gambling laws over there can answer, why can't MFF set this up as a 100% simulated game and report to the gaming commission and have nothing to do with CFTC? Too simple a solution?
-I am probably not the best person to answer this, but online gambling is not legal in all states; it is something that is regulated at the state level, based on my limited understanding.

Should MFF ever consider that route, they would need to acquire the proper licensing and remain compliant with all laws and regulations set forth by each state. It would probably be a complex and costly endeavor, but I can only speculate.
  • #28,110
  • Jan 11, 2024 11:04am Jan 11, 2024 11:04am
Quoting FocusWinReal
{quote}High expo, the word casino is in any dictionary with a clear meaning and society understands what a casino is and how it makes money - odds stacked in its favour. The word prop trader is less understood, most likely not in a dictionary, but proprietary trader is which states those traders use capital to make money but no mention of simulations. Perhaps people assumed the funds were real due to terminology. Perhaps a new word like online trading casino would be appropriate for less confusion. But didn't poker get shut down?
It's still irrelevant.

A trader winning or losing has nothing to do with the prop firm's business model. A, B, C, LGBTQ+ alphabet soup booking does not affect a trader's results.

Like I've said before, the average retail trader is a moron with a victim mentality which is on full display in this thread. Not you, of course, you're amazing!
Pride always comes before destruction.... -Proverbs 16:18
  • #28,111
  • Jan 11, 2024 11:29am Jan 11, 2024 11:29am
This forum reminds me exactly of the USA.....completely divided. Since Mastermind is the leader of this thread, we are going to need him to step in and "Build Back Better"....I think he did promise to unite us, if I remeber correctly..........
Sorry, I just cannot control it sometimes.
  • #28,112
  • Jan 11, 2024 11:40am Jan 11, 2024 11:40am
Quoting MJurban
{image} My Trading histor for today is back to positiv 1.54 but the Max daily loss in the FTMO do not change. that's where i strugeld the last challenge. I stop trading for today, look what tomorro will happen
The max daily loss and max loss will not change as its the maximum equity loss recorded since you started that account. The most important ones to look at are "Today's permitted loss" and "Max permitted loss" those are what you must not go below.
  • #28,113
  • Jan 11, 2024 11:51am Jan 11, 2024 11:51am
Quoting pipmaster77
This forum reminds me exactly of the USA.....completely divided. Since Mastermind is the leader of this thread, we are going to need him to step in and "Build Back Better"....I think he did promise to unite us, if I remeber correctly.......... Sorry, I just cannot control it sometimes.

  • #28,114
  • Jan 11, 2024 12:27pm Jan 11, 2024 12:27pm
Quoting Stoneyrocks
{quote} real brokers do like scalpers a LOT > more commissions , market makers dont …
Yes, a Futures broker doesn't care, where as OTC CFD do.
  • #28,115
  • Jan 11, 2024 12:30pm Jan 11, 2024 12:30pm
Quoting Nsak3y
{quote}-I am probably not the best person to answer this, but online gambling is not legal in all states; it is something that is regulated at the state level, based on my limited understanding. Should MFF ever consider that route, they would need to acquire the proper licensing and remain compliant with all laws and regulations set forth by each state. It would probably be a complex and costly endeavor, but I can only speculate.
Never knew online gambling was illegal in some states. In the UK they advertise on TV just when everyone gets home from work and just before bedtime, scoundrels!
  • #28,116
  • Jan 11, 2024 12:36pm Jan 11, 2024 12:36pm
Quoting lynnc
{quote}The max daily loss and max loss will not change as its the maximum equity loss recorded since you started that account. The most important ones to look at are "Today's permitted loss" and "Max permitted loss" those are what you must not go below.
thanks for the Tipp
So I can have 300+ daily loss, that's OK with me
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  • #28,117
  • Jan 11, 2024 12:45pm Jan 11, 2024 12:45pm
Quoting Fagin
Never knew online gambling was illegal in some states. In the UK they advertise on TV just when everyone gets home from work and just before bedtime, scoundrels!
-We also have some weird rules about traditional casinos. In my state, the total number of licenses is currently limited to just 13, and all of those 13 casinos must be built on water, either on, or near, the Missouri or Mississippi rivers, within 1000 feet.

If not built literally on the river (riverboat), then they can be built on artificial water, like a pool of 2k gallons beneath the structure. It's pretty ridiculous, actually, because one design that I know of is literally floating on water, but the amount of water between the floating casino structure and the actual foundation is almost negligible. The amount of weight was carefully calculated to allow for that. This is the result of an old state constitution that has not been changed, that prohibited gambling on land.
  • #28,118
  • Jan 11, 2024 1:31pm Jan 11, 2024 1:31pm
Quoting Nsak3y
{quote}-We also have some weird rules about traditional casinos. In my state, the total number of licenses is currently limited to just 13, and all of those 13 casinos must be built on water, either on, or near, the Missouri or Mississippi rivers, within 1000 feet. If not built literally on the river (riverboat), then they can be built on artificial water, like a pool of 2k gallons beneath the structure. It's pretty ridiculous, actually, because one design that I know of is literally floating on water, but the amount of water between the floating...
That's actually quite a clever loophole! Bet you still have to bribe the congressman though...
  • #28,119
  • Jan 11, 2024 2:09pm Jan 11, 2024 2:09pm
Quoting Fagin
That's actually quite a clever loophole!
-Yes and no. It's actually quite expensive to have to construct a building this way, and all because of dated laws.
  • #28,120
  • Jan 11, 2024 3:10pm Jan 11, 2024 3:10pm
shit, if only I had thought of trading futures, my losing trades would be winners and I would be able to buy that jet. Why didn't anyone tell me this?
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