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  • #35,621
  • Apr 29, 2024 10:13am Apr 29, 2024 10:13am
Just figured out there are alot of topstep RESET giveaways at topsteptv channel.

Currently there is a offer to fill 3 forms in current stream which will they pin for few minutes in different times. Already filled one.
Extreme gut feeling trader
  • #35,622
  • Apr 29, 2024 10:46am Apr 29, 2024 10:46am
Futures props theses days seem a Vegas casino, attracting people with a few bucks and promoting millions in payouts.
  • #35,623
  • Apr 29, 2024 11:02am Apr 29, 2024 11:02am
Quoting Capablanca
Futures props theses days seem a Vegas casino, attracting people with a few bucks and promoting millions in payouts.
you mean just like forex props?
  • #35,624
  • Apr 29, 2024 11:06am Apr 29, 2024 11:06am
Quoting TheDoug
{quote} you mean just like forex props?
It is even worse. As barrier of entry is low it invites gambling. Reason is they will make more money on PA fees which costs 5 times more than discounted eval fees.
Forex firms are more expensive as there is no PA fees.
  • #35,625
  • Apr 29, 2024 11:52am Apr 29, 2024 11:52am
Quoting Capablanca
Futures props theses days seem a Vegas casino, attracting people with a few bucks and promoting millions in payouts.
Just saw topstep saying paid 500k last month which is their best month ever. They being business for so long. Now they are growing pretty fast thanks to forex prop firms fiasco's.
Extreme gut feeling trader
  • #35,626
  • Apr 29, 2024 11:53am Apr 29, 2024 11:53am
Quoting sampat
{quote} It is even worse. As barrier of entry is low it invites gambling. Reason is they will make more money on PA fees which costs 5 times more than discounted eval fees. Forex firms are more expensive as there is no PA fees.
There are a million rules in place so it's hard to gamble. Every firm is focused on CONSISTENT traders.
Extreme gut feeling trader
  • #35,627
  • Apr 29, 2024 12:00pm Apr 29, 2024 12:00pm
I focus on just CONSISTENCY now
and therefore my trades most of the time keep moving from profit to loss, loss to profit and this keeps happening until hit loss or tp that's it
and its quiet frustrating to see your profit trades coming back in loss and then hitting your stop loss
and that's why my strategy can never be applied to futures & prop firms having trailing drawdown
and also the next trading day i have to move my sl to that level of maximum drawdown which is safe as profitable trade when turns back counts as drawdown & which affects my trade as per the rules because now the sl got move and tp is still intact and chances increaased of hitting moved sl than tp
this will not be a problem when applying with some retail normal broker

and it may happen that following your rules consistently you may not even earn 1% per month
and it may also happen that you may not earn 1% even while applying your strategy for the whole year
and when you see this happening.. your mind will urge to make mistakes.. you have to control..
don't deviate yourself from your plan & strategy
because if the strategy worked may be you will earn like 300% or 1000% per year
  • #35,628
  • Apr 29, 2024 12:22pm Apr 29, 2024 12:22pm
Everything else is just a lie
All these prop firm owners no one wants traders to be successful. They are just enjyoing pieces of cakes. They understand trading fully that no style is perfect.
They all want us to be gamblers, they will keep lying like Nouman will keep lying about HFT, Khalid will keep lying about Flipping smaller accounts with 1:2000 leverage
They also keep stories on their instagram in order to inject this mentality in traders so that they buy their programs and gamble
Andrew NFX on other is also a gambler in my eyes. He is doing good but he is a gambler, its just he is lucky enough & he has some more strict rules which he follows
Mind it.. you will never ever see in your life that big traders who just travel the world, go on beaches doing HFT, gambling like trading, excessive trading orders, they do very slow & steady kind of trading... & they able to do because they have already made a lot of money.. now they just want peace, and that trading style which is very calm and cool, no hurry, no high frequency, no arbitrage, no gambling, no dependency on just 1 or 2 trades, hit and run kind of stuff

Prop firms owners like gamblers who come & purchase & lose
but on the other hand they hate gamblers who win & to safeguard themselves from winning gamblers they keep formulating new rules
You might remember that tweet from TFT owner Angelo, shamelessly saying that someone spend 126K on challenges in just 1 month & pass none
  • #35,629
  • Apr 29, 2024 12:34pm Apr 29, 2024 12:34pm
Quoting montygoldy
{quote} Just saw topstep saying paid 500k last month which is their best month ever. They being business for so long. Now they are growing pretty fast thanks to forex prop firms fiasco's.
what is the maximum number of accounts can you have with topstep?
Drawdown is more important than Account Size !
  • #35,630
  • Apr 29, 2024 1:52pm Apr 29, 2024 1:52pm
Quoting procrude
what is the maximum number of accounts can you have with topstep?
https://intercom.help/topstep-llc/en...unded-accounts
  • #35,631
  • Apr 29, 2024 1:58pm Apr 29, 2024 1:58pm
Quoting procrude
{quote} what is the maximum number of accounts can you have with topstep?
3
Extreme gut feeling trader
  • #35,632
  • Apr 29, 2024 2:20pm Apr 29, 2024 2:20pm
Quoting montygoldy
First Update for MyfundedFutures Funded Account. 1. Recovered yesterday's losses. Aiming for 9k to get the payout i.e 4500$ each account {image}
FInal Update of the day...
1. 300$ up on each account on funded myfundedfutures
2. Lost MY ftmo 400k account today (this felt really bad for all the previous failures)

Nevermind will buy ftmo challenege with next payout.
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Extreme gut feeling trader
  • #35,633
  • Apr 29, 2024 2:41pm Apr 29, 2024 2:41pm
Here is my update.

I was in slight drawdown last week in both MYFUNDEDFUTURES and Apex. Finally today I got back out. Lets see how the rest of the week will play. I am buying 5 more 50K Apex tonight to have total 15. I really want to pass everything with in this week.
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Drawdown is more important than Account Size !
  • #35,634
  • Apr 29, 2024 3:03pm Apr 29, 2024 3:03pm
Quoting genuine007
Everything else is just a lie All these prop firm owners no one wants traders to be successful. They are just enjyoing pieces of cakes. They understand trading fully that no style is perfect. They all want us to be gamblers, they will keep lying like Nouman will keep lying about HFT, Khalid will keep lying about Flipping smaller accounts with 1:2000 leverage They also keep stories on their instagram in order to inject this mentality in traders so that they buy their programs and gamble Andrew NFX on other is also a gambler in my eyes. He is doing...
The bottom line is this.......
if you can trade and be profitable in a personal account, a prop firm will accelerate your earnings by up to 10x,
if you cannot trade profitably in a personal account, a prop firm will not change that.
Everything else is just useless noise, if you can trade, find a reliable firm that pays (good luck) and use them for as long as they (the firm/ the regulators/the platform and whoever the hell else we have to battle) will allow you.
  • #35,635
  • Apr 29, 2024 3:08pm Apr 29, 2024 3:08pm
Quoting procrude
Here is my update. I was in slight drawdown last week in both MYFUNDEDFUTURES and Apex. Finally today I got back out. Lets see how the rest of the week will play. I am buying 5 more 50K Apex tonight to have total 15. I really want to pass everything with in this week. {image} {image}
That's what I love about the indices, you made money shorting today, I made money long.... opps both ways.
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How much more precise can the DPP be in containing the price?
  • #35,636
  • Apr 29, 2024 3:44pm Apr 29, 2024 3:44pm
Quoting pipmaster77
{quote} That's what I love about the indices, you made money shorting today, I made money long.... opps both ways. {image} {image} How much more precise can the DPP be in containing the price?
pipmaster what is DPP is similar to fibonacci retracements?
  • #35,637
  • Apr 29, 2024 4:04pm Apr 29, 2024 4:04pm
Quoting Novazor
{quote} pipmaster what is DPP is similar to fibonacci retracements?
Yes, it is the average of the previous day high, low and close and then the 38,61, 78 100, etc are calculated from the DPP. I use weekly pivots on forex, but the indices respect the daily pivots very well as well as the adr. Monty introduced us to the 20 MA on the hourly, alot of reaction around that as well. When you have confluence of several factors, really makes for a high probability set-up.
  • #35,638
  • Apr 29, 2024 9:39pm Apr 29, 2024 9:39pm
Quoting RiskFighter
{quote} exactly. EA uses the strategy very strict. No chance of overtrading, revenge trading or other kind of psycologic failure. Furthermore the trade is taken instantly. Stoploss is not moved. Profit is set as the target which is defined by the strategy. However I do adjust profit to zones at the chart after the trade is taken. Are you using MT4 or MT5?
Using MT4. I have shared a fiew EAs code based on several strategies: https://www.metalsmine.com/thread/94...gold-using-wpr

MT5 little harder to learn to write codes
I am completely a lazy Trader & Pennies Rebate Hunter
  • #35,639
  • Apr 29, 2024 9:58pm Apr 29, 2024 9:58pm
Quoting pipmaster77
{quote} That's what I love about the indices, you made money shorting today, I made money long.... opps both ways. {image} {image} How much more precise can the DPP be in containing the price?
those fibonacci levels looks sweet. Whats the indicator name or Is there a indicator for tradingview?
Extreme gut feeling trader
  • #35,640
  • Apr 29, 2024 10:46pm Apr 29, 2024 10:46pm
Quoting procrude
Here is my update. I was in slight drawdown last week in both MYFUNDEDFUTURES and Apex. Finally today I got back out. Lets see how the rest of the week will play. I am buying 5 more 50K Apex tonight to have total 15. I really want to pass everything with in this week. {image} {image}
Good Job Keep killing it.
Extreme gut feeling trader
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