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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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  • #28,901
  • Feb 1, 2024 7:29am Feb 1, 2024 7:29am
Quoting Capablanca
{quote} The worse is that TFF already showed for several times that they don't adapt to any tech problems, the trader is the one to suffer, not them. A decent company, which TFF is not, would solve this quickly and, after that, offer some kind of compensation for the annoyance. And process the payouts immediatly.
damn you made me miss MFF
  • #28,902
  • Feb 1, 2024 7:44am Feb 1, 2024 7:44am
Quoting DeltaCapital
{quote} damn you made me miss MFF
MFF is the legend in this industry populated with scammers, incompetents and shady people.
  • #28,903
  • Feb 1, 2024 7:52am Feb 1, 2024 7:52am
Quoting papamax
{quote} This BS is still going on... MT5 traders are on the dark, no updates from TFF other than... "We are migrating gradually, please be patient." My payout date has passed and accounts were not updated... Now apparently the payout was pushed to Feb 13th. MT5 stats are not updated yet and no migration in sight. I would advise any newcomers to be aware of these issues with TFF... It doesn't smell good if you ask me, both migration or fix should have been applied for now... I think 10 days have passed already, more than enough time for either, if...
yes its a pain and a worry going forward. I luckily had just got a payout. Then thought it was strange that it was taking more days than normal to issue a new account. They have now issued me a funded mt4 account insteaded of the mt5 I was using. I do however have a challenge on mt5 that I'm unable to trade on. Hopefully it gets sorted soon.
  • #28,904
  • Feb 1, 2024 7:53am Feb 1, 2024 7:53am
Quoting CableJ
I love the constant subtle futures prop pushing agenda by 2 of our favorite countertrend posters... they always seem to pop up together and quote each other lol. The futures props are the same virtual/simulated casino as the fx props.... with trailing DD most traders blow up before they get pushed to a live account & quite a few of the futures props like Apex and Bulenox never go to live accounts.
The main difference with fx prop firms the higher rate of payouts. I haven't been looking into fx prop firms much lately but maybe fx prop firms apart from FTMO provides consistent payouts the last months, "prop firms which shut down their services due to their worker got pregnant or something" I wont mention which prop firm it is but which most here say is 2nd most reliable nowadays, which to me its not.

The question is how Cryptosurf can surf on these futures prop firms while the rest here whines about them to left and right. From the charts others showed here lately "bragging" of their trading patterns with fx prop firms it becomes quite obvious what kind of trader the majority who visit here is apart from Cryptosurf which mentioned his tradingstyle before and some others maybe.
Its like people are too lazy to adapt to markets which can make them profitable, its easier to gamble... and maybe gamble more.

Recently looked into some futures prop firm streamers on youtube. Due to how futures prop firms some of them like topstep and apex removed daily limits the hardcore casino gamblers flocked into the futures prop firm industry the last year too. As a samaritan its bothersome. Since futures prop firms takes 2x skills to be profitable from the simple calculations i did before when I compared it with fx prop firms.

I'll quote from what that big guy from the Bulls and Bears documentary said when asked how he could adapt to market "edge". He said. "I just stare at the screen, thats all I do then it comes to me". That guy he lost millions of dollars right but he still did quite well.
So compared to most here as I understand rather just pay not stare and have a good time to gamble.
  • #28,905
  • Feb 1, 2024 8:01am Feb 1, 2024 8:01am
Quoting genuine007
{quote} no one would be able to do that in this versatile ever changing market 4% daily growth, meaning 80% per month & its commulative 4%, then must be doubling the account in just 20 days of trading not at all easy if you also share the actual method how to make profits daily in trading that would be helpful, otherwise all these things are just calculation, possibilities, and possibilities of just positive side, anybody can make this mathematical calculation on paper, execution in live market tough if you have holy grail stuff, then it is fine,...
It is possible.

That is why I am trading in that way.

There were occasional losses, but that I would recover.

If it is funded / challenge account, the daily loss limit will hurt.

In real money account, no.

In challenge / funded accounts, a continuous 2 day loss will eventually breach loss limit, in real money account, no.
Intraday only.
  • #28,906
  • Feb 1, 2024 8:05am Feb 1, 2024 8:05am
Quoting montygoldy
{quote} NOt experienced yet but only heard good about them....
They paid a trader and then breached his account without explaining any rule violations a couple weeks ago, just didn't fit their risk. Their social media representatives in groups have ignored all questions why. It would appear that they dump profitable traders because of their silence on this topic, but I'm still waiting to hear their side of the story. Maybe the trader "cheated" the system, but then why pay him first? Keep an eye on this firm to see if this becomes a pattern like so many others.
  • #28,907
  • Edited Feb 2, 2024 6:29am Feb 1, 2024 8:10am | Edited Feb 2, 2024 6:29am
Quoting genuine007
{quote} no one would be able to do that in this versatile ever changing market 4% daily growth, meaning 80% per month & its commulative 4%, then must be doubling the account in just 20 days of trading not at all easy if you also share the actual method how to make profits daily in trading that would be helpful, otherwise all these things are just calculation, possibilities, and possibilities of just positive side, anybody can make this mathematical calculation on paper, execution in live market tough if you have holy grail stuff, then it is fine,...
nonsense, i have just brought up another account in less than 25 days from under 100, i think it was $26, of course you have to accept the drawdown with such risk&growth.

you dont need prop trading.
trading is like dancing, don't think and just listen to the music!
  • #28,908
  • Feb 1, 2024 8:22am Feb 1, 2024 8:22am
Quoting birdland
{quote} nonsense, i have just brought up another account in less than 25 days from under 100, i think it was $26, of course you have to accept the drawdown with such risk&growth. you dont need prop trading. {image}
you do need an offshore broker with 500:1 though. Very impressive.
  • #28,909
  • Feb 1, 2024 8:26am Feb 1, 2024 8:26am
Quoting pipmaster77
{quote} you do need an offshore broker with 500:1 though. Very impressive.
thx, of course...the more regulation the worse for trading. i remember in 2000 they (usa) implemented the "pattern day trader rule" to "protect" the retail trader. they made it worse for good traders.
trading is like dancing, don't think and just listen to the music!
  • #28,910
  • Feb 1, 2024 8:29am Feb 1, 2024 8:29am
Quoting labu
{quote} The main difference with fx prop firms the higher rate of payouts. I haven't been looking into fx prop firms much lately but maybe fx prop firms apart from FTMO provides consistent payouts the last months, "prop firms which shut down their services due to their worker got pregnant or something" I wont mention which prop firm it is but which most here say is 2nd most reliable nowadays, which to me its not. The question is how Cryptosurf can surf on these futures prop firms while the rest here whines about them to left and right. From the...
Futures has a bit of a learning curve coming from FX space for sure, but I had dived into Futures starting about 5-6 years ago. I always traded mostly US indicies as it is. I am also active in other Futures forums, talking to other Futures traders etc.
Trade with confidence, trade without fear.
  • #28,911
  • Feb 1, 2024 8:43am Feb 1, 2024 8:43am
Quoting AaronPriest
{quote} They paid a trader and then breached his account without explaining any rule violations a couple weeks ago, just didn't fit their risk. Their social media representatives in groups have ignored all questions why. It would appear that they dump profitable traders because of their silence on this topic, but I'm still waiting to hear their side of the story. Maybe the trader "cheated" the system, but then why pay him first? Keep an eye on this firm to see if this becomes a pattern like so many others.
there is always few unhappy customers here n there … but 95% of them are happy thats my personal research…
Extreme gut feeling trader
  • #28,912
  • Feb 1, 2024 8:51am Feb 1, 2024 8:51am
Quoting birdland
{quote} nonsense, i have just brought up another account in less than 25 days from under 100, i think it was $26, of course you have to accept the drawdown with such risk&growth. you dont need prop trading. {image}
You saying you brought up $26 to $8,000 in just 25 days of trading
man
how is this even possible
what kind of system you have that tell you where to enter where to exit and how your trades have more wins than losses
how you cherrypick??
its insane,
I am trying from so many years i am not even able to cover my huge losses
and you saying you convert 26$ to 8,000$

LETS say you doubled the account like this
26 to 52
52 to 104
104 to 208
208 to 416
416 to 832
832 to 1664
1664 to 3328
3328 to 6656
  • #28,913
  • Feb 1, 2024 9:04am Feb 1, 2024 9:04am
Quoting genuine007
{quote} You saying you brought up $26 to $8,000 in just 25 days of trading man how is this even possible what kind of system you have that tell you where to enter where to exit and how your trades have more wins than losses how you cherrypick?? its insane, I am trying from so many years i am not even able to cover my huge losses and you saying you convert 26$ to 8,000$ LETS say you doubled the account like this 26 to 52 52 to 104 104 to 208 208 to 416 416 to 832 832 to 1664 1664 to 3328 3328 to 6656
yes, i am doing this regulary from time to time. its because i had a large, well-known broker with a good reputation
which went bancrupt. so i lost everything there.

so i know when this happens again, i am able to start from zero. that gives me tremendous confidence.

dont look for a "system", its more tactic, approach or commom sense.
trading is like dancing, don't think and just listen to the music!
  • #28,914
  • Feb 1, 2024 9:09am Feb 1, 2024 9:09am
1 of the regular members (cant remember, 2 old ) here did try out Tradeday , he was pretty positive about them
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  • #28,915
  • Feb 1, 2024 9:14am Feb 1, 2024 9:14am
Quoting birdland
{quote} yes, i am doing this regulary from time to time. its because i had a large, well-known broker with a good reputation which went bancrupt. so i lost everything there. so i know when this happens again, i am able to start from zero. that gives me tremendous confidence. dont look for a "system", its more tactic, approach or commom sense.
its very hard, there needs to be some bias based on which you are able to click that buy or sell button
and there need to be some mathematical calculation based on which you put quantity and sl and tp
you can't do just random, because you have to do that continuously
can you tell a little bit how you do trading? which timeframe you chose? are you scalper or what?
what is your average trade dration and r:r
  • #28,916
  • Feb 1, 2024 9:14am Feb 1, 2024 9:14am
Quoting genuine007
how is this even possible
-Learning how to win is easy. Learning how to lose is the hard part.

But as mentioned, once you know what you are doing, even if you blow an account, it will not be the end of the world, because you can always build it back up again.
  • #28,917
  • Feb 1, 2024 9:24am Feb 1, 2024 9:24am
Quoting genuine007
{quote} its very hard, there needs to be some bias based on which you are able to click that buy or sell button and there need to be some mathematical calculation based on which you put quantity and sl and tp you can't do just random, because you have to do that continuously can you tell a little bit how you do trading? which timeframe you chose? are you scalper or what? what is your average trade dration and r:r
i am mainly scalping, taking 5, 10 or 20 pips. trading only GU (95%) and knowing this pair very well over years. beliefe me, you will start to see things you never thought about. like the charakter of a person, you will know in advance what he or she will do or say or what it means.

look at the h1 close of GU. how many times you would get 5 or 10 pips IF you just take the color of the closed candle as your bias for the next trade?

often.

the key is to know when you are wrong and you have to hedge, average or close the position with a loss. you only can learn through observation.
trading is like dancing, don't think and just listen to the music!
  • #28,918
  • Feb 1, 2024 9:24am Feb 1, 2024 9:24am
Quoting genuine007
{quote} its very hard, there needs to be some bias based on which you are able to click that buy or sell button and there need to be some mathematical calculation based on which you put quantity and sl and tp you can't do just random, because you have to do that continuously can you tell a little bit how you do trading? which timeframe you chose? are you scalper or what? what is your average trade dration and r:r
if one wants to convert 26 $ account into 52 $ account, I am sure he/ she does not trade in daily tf
Intraday only.
  • #28,919
  • Feb 1, 2024 9:28am Feb 1, 2024 9:28am
Quoting navk
{quote} if one wants to convert 26 $ account into 52 $ account, I am sure he/ she does not trade in daily tf
if there are people like you that give their life experience advices
then why traders like us still crying not able to make anything
if making money according to you all is tactic and approach based then whats wrong with us
i am not able to understand why market don't favour me
  • #28,920
  • Feb 1, 2024 9:44am Feb 1, 2024 9:44am
Quoting birdland
{quote} yes, i am doing this regulary from time to time. its because i had a large, well-known broker with a good reputation which went bancrupt. so i lost everything there. so i know when this happens again, i am able to start from zero. that gives me tremendous confidence. dont look for a "system", its more tactic, approach or commom sense.
Were they regulated?..... a well known, regulated broker went bankrupt and you lost everything???? Couldn't be, regulation protects us all.
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