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  • #36,801
  • May 20, 2024 8:18am May 20, 2024 8:18am
Quoting Nsak3y
{quote}-I have not seen many of his videos, but all of the trading that I saw involved micro-scalping. Someone pointed out to me what he was doing to generate the bulk of his profits, which involved a prohibited strategy. If true, then I suspect that all of the scalping that I saw was just an effort to cover up what he was really doing. I can only speculate, however. Personally, I would be concerned about the possibility of getting flagged for copy-trading if I were ever to broadcast my trades via a live stream without any sort of delay.
this many scalps is often done to hide other latency arbitrage trades. at least i know many people who do like this or at least try because many suggest hide it like this.
most traders are not really good traders.

but i dont know him, i just answered to your text and what it sounds like.
  • #36,802
  • May 20, 2024 8:48am May 20, 2024 8:48am
Quoting pipmaster77
Looks like they supposedly put you on live at some point, which I'm still not understanding why some think this is a good thing.

How can you not understand that? It’s so simple: do you want their incentive to be for you to win, or to lose? It’s as simple as that.

Quoting pipmaster77
Does it make it more legit? maybe.

Obviously. Not just "maybe". It means they’re on your side rather than against you. Why is this hard for so many people here to understand?

Quoting pipmaster77
Less chance of regulator issues? maybe.

Obviously. Not just "maybe". Why are these things so hard for so many people here to understand?
  • #36,803
  • May 20, 2024 9:46am May 20, 2024 9:46am
Quoting Quickly
{quote} How can you not understand that? It’s so simple: do you want their incentive to be for you to win, or to lose? It’s as simple as that. {quote} Obviously. Not just "maybe". It means they’re on your side rather than against you. Why is this hard for so many people here to understand? {quote} Obviously. Not just "maybe". Why are these things so hard for so many people here to understand?
which are your remommended futures prop firms ?
  • #36,804
  • May 20, 2024 9:53am May 20, 2024 9:53am
Quoting Quickly
{quote} How can you not understand that? It’s so simple: do you want their incentive to be for you to win, or to lose? It’s as simple as that. {quote} Obviously. Not just "maybe". It means they’re on your side rather than against you. Why is this hard for so many people here to understand? {quote} Obviously. Not just "maybe". Why are these things so hard for so many people here to understand?
Actually, the simple answer that you completely do not understand is..........once they put you in live, you NO LONGER NEED A PROP FIRM.....sim conditions are better, no data fees and, the big one, once they move you live, you are playing with your own profits anyway.
  • #36,805
  • May 20, 2024 10:03am May 20, 2024 10:03am
Quoting Stoneyrocks
{quote} which are your remommended futures prop firms ?
The ones I know are good, reliable, highly regarded, and honest are Earn2Trade, TradeDay and Topstep.

Topstep is the longest established of those, by quite a bit, and has even won various US-government-sponsored industry awards, over the years.

Unlike many other people posting here who try to look as if they know everything, I freely admit that my knowledge is limited, though. There may now be others that are just as good as the ones I‘ve suggested (BluSky looks quite good, and quite interesting, to me, but I don’t actually know people personally who have used them, so I can’t vouch for them in that sense).

All these firms have intermittent "special offers." If you have any patience, there’s no need to pay the full price, ever.

Just get yourself on their mailing-lists and soon enough you’ll be sent discount offers, sometimes as much as 40% or 50% off.
  • #36,806
  • May 20, 2024 10:10am May 20, 2024 10:10am
Earn2Trade sent a 50% off code if anyone interested. I am not interested in them at all offering not good for me.
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Extreme gut feeling trader
  • #36,807
  • May 20, 2024 10:12am May 20, 2024 10:12am
Quoting sampat
{quote} Only difference is some countries like canada is not allowed to open pro+ account with tradovate. I dont see any advantages only disadvantages as one can only have 1 live account plus one has to pay 120$ monthly data fees.
I confirmed with their support i can join takeprofittrader and they won't move me to pro+ coz Canada is banned but i can still have pro account. There is guy on youtube "trading with travis" i think he is from canada. He withdraws mostly everyday in live stream.
So i am gonna go with them. Probably will purchase 3x150k soon.
Extreme gut feeling trader
  • #36,808
  • May 20, 2024 10:21am May 20, 2024 10:21am
Quoting montygoldy
{quote} I confirmed with their support i can join takeprofittrader and they won't move me to pro+ coz Canada is banned but i can still have pro account. There is guy on youtube "trading with travis" i think he is from canada. He withdraws mostly everyday in live stream. So i am gonna go with them. Probably will purchase 3x150k soon.
He is from florida. I like everything about them only problem is they have intraday trailing limit like EOD accounts.
  • #36,809
  • May 20, 2024 10:38am May 20, 2024 10:38am
Quoting Simulant
{quote} Are you talking about the guy trades by matt on youtube? This guy is an absolute joke, I really wouldn't trust a word he says. If you seriously believe he has 20 apex accounts that he passed on his own and is receiving $80k a month from them, then I don't know what to say. There are dozens of threads exposing this guy all across the web. He's basically an advert for apex, and used to be an advert for topstep before he jumped ship. Take a read here: https://www.reddit.com/r/FuturesTrad...att_scamfraud/...
Some people, namely YOU, will just never believe that other people have figured out how to do it.

Even I have 20 Apex accounts that I passed on my own.

Yes, he’s a promoter with an affiliate code. So what? That makes his trading “fake”? lol.

gtfo
A snails pace wins the race :-)
  • #36,810
  • May 20, 2024 10:47am May 20, 2024 10:47am
Quoting pipmaster77
{quote} Actually, the simple answer that you completely do not understand is..........once they put you in live, you NO LONGER NEED A PROP FIRM.....sim conditions are better, no data fees and, the big one, once they move you live, you are playing with your own profits anyway.
Agreed, in reality all you need to open a futures account is 5-10k and trade micros, heck, even mini's and make decent money for the day.
Trade with confidence, trade without fear.
  • #36,811
  • May 20, 2024 10:49am May 20, 2024 10:49am
Quoting Quickly
{quote}Topstep is the longest established of those, by quite a bit, and has even won various US-government-sponsored industry awards, over the years.
Of course you would say that.

Quoting Quickly
{quote}I freely admit that my knowledge is limited, though.
But that doesn't stop you and your twin from spewing nonsense does it?
Trade with confidence, trade without fear.
  • #36,812
  • May 20, 2024 10:56am May 20, 2024 10:56am
[quote=Quickly;14873431]{quote} The ones I know are good, reliable, highly regarded, and honest are Earn2Trade, TradeDay and Topstep. Topstep is the longest established of those, by quite a bit, and has even won various US-government-sponsored industry awards, over the years. Unlike many other people posting here who try to look as if they know everything, I freely admit that my knowledge is limited, though.

Wow, you believe in US government sponsored industry awards - Ha Ha Ha Ha Ha, wake up man/lady.
  • #36,813
  • May 20, 2024 2:04pm May 20, 2024 2:04pm
Quoting JustPipMe
{quote} Some people, namely YOU, will just never believe that other people have figured out how to do it. Even I have 20 Apex accounts that I passed on my own. Yes, he’s a promoter with an affiliate code. So what? That makes his trading “fake”? lol. gtfo
Wow, I don't know what to say. If you had bothered to read the details in that thread, you would see that he's definitely not a good example to follow. Averaging several contracts until he's $10k in the red, then winning $300 back the next day and calling it a good day. If that's how you'd like to trade, then good luck to you!

There's tons of examples on there, the best one being the way he always makes it back off stream. Nobody has ever seen him pass an evaluation, he had a video series where he tried to pass Topstep for weeks, then gave up, then suddenly he had a funded account overnight.

Honestly don't know what to say, if you're that closed minded then go and worship your Youtube guru. Personally I'd take everything he says and does with a pinch of salt, as he's been caught lying on dozens of occasions. I think someone even posted a shot showing he was trading sim when claiming to be live.

And if you had watched him for any period of time, you would have seen that his massive losing days would take literally weeks to earn back with his small winning days. He may have got better these day, I don't know, I decided he wasn't a good person to follow quite a while back.

Try to remember that affiliates like him get a percentage of every single sale that uses the codes on his page, he also gets revenue from the stream, so it's definitely not an unbiased source of information.
  • #36,814
  • May 20, 2024 2:47pm May 20, 2024 2:47pm
Quoting Simulant
{quote} Wow, I don't know what to say. If you had bothered to read the details in that thread, you would see that he's definitely not a good example to follow. Averaging several contracts until he's $10k in the red, then winning $300 back the next day and calling it a good day. If that's how you'd like to trade, then good luck to you! There's tons of examples on there, the best one being the way he always makes it back off stream. Nobody has ever seen him pass an evaluation, he had a video series where he tried to pass Topstep for weeks, then gave...
Yeah I watched him for a couple days and saw him adding to losers heavily and saying shit like I made my losses back off stream. He is defo not a profitable trader, but he still hides it much better than others (like clown ICT).
  • #36,815
  • May 20, 2024 4:00pm May 20, 2024 4:00pm
Quoting Tobiazzek
{quote} Yeah I watched him for a couple days and saw him adding to losers heavily and saying shit like I made my losses back off stream. He is defo not a profitable trader, but he still hides it much better than others (like clown ICT).
Regardless Ive tried to watch these youtube gurus. I noticed they do indeed lack and miss many entries and Im still even a newbie. I followed some of them the most profitable one mentioned lately in this thread months ago, actually i traded along side him and his chattering fluffy noise in head made him miss obvious very profitable entries. Since I have no idea how he missed those entries and we have similar trading styles. Then to venerate these kinds of youtube guru just shows this world is insane.

As for median average and adding to losses being horrific. Dont say B if you dont know about A.
  • #36,816
  • May 20, 2024 4:25pm May 20, 2024 4:25pm
BS day for Topstep funded accounts. Broke my discipline n revenge trading cost me thrice the loss. Lost half of the drawdown.

So to improve and not to repeat this emotional mistake. For these XFA stopping at max two trades per day whatever the outcome is n move to next firm. Right now i only have apex and this funded accounts. Apex targets achieved in the asian so kept forcing trades in these accounts.
1. Goal for this week to aim 600 a day to get back out of this hole. Going to use max 2-3 contracts to pull this off.

BTW - Forgot to give this major update Lost myfundedfutures funded accounts but received a payout from them 9k in total from 3x150k accounts. I pulled max out. Payout was fast 2 days in total from request to rise account. So stats like this spent 50$x3 (april frenzy offer) + 150x3(activation fees) = 600$ - 9k ==== 8400$ net profit 24days.
Not gonna buy their challenege yet will wait for a better offer i have a feeling 50$ any challenge be coming back soon.
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Extreme gut feeling trader
  • #36,817
  • May 20, 2024 5:08pm May 20, 2024 5:08pm
Quoting montygoldy
BS day for Topstep funded accounts. Broke my discipline n revenge trading cost me thrice the loss. Lost half of the drawdown. So to improve and not to repeat this emotional mistake. For these XFA stopping at max two trades per day whatever the outcome is n move to next firm. Right now i only have apex and this funded accounts. Apex targets achieved in the asian so kept forcing trades in these accounts. 1. Goal for this week to aim 600 a day to get back out of this hole. Going to use max 2-3 contracts to pull this off. BTW - Forgot to give this major...
what you get when you do this standard strategy for years in a private real broker account?
better results because of the big compounding or emotion problems because more in loss risk?
near 9000 usd in 1 month is already a good result for many real account traders (depends of the living situation , costs , country, tax....). so good month and gratulation .
  • #36,818
  • Edited 6:17pm May 20, 2024 5:30pm | Edited 6:17pm
Quoting Trader191
{quote} what you get when you do this standard strategy for years in a private real broker account? better results because of the big compounding or emotion problems because more in loss risk? near 9000 usd in 1 month is already a good result for many real account traders (depends of the living situation , costs , country, tax....). so good month and gratulation.
I have a personal account which is like a snail pace (300-1000$ max on a good week its a lower end 6 figures account). My risk management is different there coz its 5+ years of work to get to this point so i always scared to lose a single dime there. I want a lambo so i need fast fast fast from prop firms... Most of the money i make from prop firms i reinvest or keep aside. For this whole year i am net 21k up (this number is low coz of apex it drained alot of winning specifically losing 20 PA accounts x 2times and paid for the third 20 PA which is like nearly 16-17k coz i always take one time fee).
Extreme gut feeling trader
  • #36,819
  • May 20, 2024 5:34pm May 20, 2024 5:34pm
Asia opened and booked daily profit on apex (btw forgot to add the sl as the tp hit pretty fast so i hope wont be issue at the time of payout) and pulled some back on topstep. Now rest of the day is all topstep recovery.
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Extreme gut feeling trader
  • #36,820
  • May 20, 2024 7:31pm May 20, 2024 7:31pm
Quoting montygoldy
{quote} I have a personal account which is like a snail pace (300-1000$ max on a good week its a lower end 6 figures account). My risk management is different there coz its 5+ years of work to get to this point so i always scared to lose a single dime there. I want a lambo so i need fast fast fast from prop firms... Most of the money i make from prop firms i reinvest or keep aside. For this whole year i am net 21k up (this number is low coz of apex it drained alot of winning specifically...
good work. at least lambo is cheap , only 250k for standard versions. but why you want such a car and lose capital to work with for just a car not most comfortable?
maybe better to rent or lease it, so you still have your capital to work with.

2000-4000 Monthly with your private account is good, makes you a living from it, so you have already done what only 1-2% at maximum can do. and that you care for protecting what you have is good and makes the big difference in long term .. step by step gets more anyway when you hold the course.

with net 21k up you mean after tax and living cost and all other costs and spendings? what you take as a benchmark, nasdaq index too or different (so that you know how much you earned by work as a daytrader against just invest your capital and have income from a job)?
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