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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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  • #45,281
  • Dec 18, 2024 6:15am Dec 18, 2024 6:15am
Quoting pipmaster77
{quote} Exactly. They call it sim farming.....pass eval, milk sim for big $$$$, blow 'em up, repeat. The live account on the futures side is the equivalent of "screw you, we ain't paying you anymore" on the forex side. Both scenarios get you off the balance sheet as a liability as CableJ has stated. Of course, the live is a better option than screw you and obviously legal as opposed to criminal. Until someone presents a model where it is beneficial for both firm and trader to be in live, there is no benefit to the trader at all. However, a company...
Top step and Take profit allow it
  • #45,282
  • Dec 18, 2024 6:22am Dec 18, 2024 6:22am
Quoting Capablanca
{quote} Ouch... that's sad. I believe this is going to happen more and more when they detect payout, blow and repeat.
Man i asked the support team they said they said its a weird behaviour they dont even know their own tech.... Maybe hoping to apologize my behaviour on live to get the evals back.. mffu is the when it comes to payout......
Extreme gut feeling trader
  • #45,283
  • Dec 18, 2024 6:23am Dec 18, 2024 6:23am
Quoting Capablanca
{quote} As far as I understood in a past conversation, once you go live, the other accounts stay paused, right ? What about those ? Will they be moved to live ?
paused account is still paused.... support said he forwarded the request to supervisor... it now on the risk team...man i desperately want to purchase the started plans before the price increase.....
Extreme gut feeling trader
  • #45,284
  • Dec 18, 2024 6:25am Dec 18, 2024 6:25am
Quoting sampat
{quote} Top step and Take profit allow it
Wow, wasn't aware. Maybe they like the challenge of let's see if you can do it again, betting on getting their money back? Maybe after 2 or 3 cycles, they halt you.
I have a live sim with TPT ( no payout yet) and have never used Topstep.
  • #45,285
  • Dec 18, 2024 6:26am Dec 18, 2024 6:26am
Quoting FocusWinReal
{quote} Oh, ok wasn't sure what to think of the offering as it is new. Used to watch his streams but not so for a few years now. I have no opinion on the person as I don't follow them.
all these youtubers when moved to business side wrecked it.. i remember the skillfundedtrader fiasco coz i lost nearly 18k.........
even raja banks he bulshits Pnl with his own broker......fake numbers
Only best thing he ever did is that keyboard trading thing.......i dont know the name but it was viral at one point...
Extreme gut feeling trader
  • #45,286
  • Dec 18, 2024 6:28am Dec 18, 2024 6:28am
Quoting maltrader
{quote} Hit 157k+ on tick tick. Guess I can request for a withdrawal EOD. Also can withdraw from 3 MFFU accounts, but probably better to build a buffer although I guess they won't last long with the country banned.
i suggest take the money as you already mentioned your country is banned better to be safe....
Extreme gut feeling trader
  • #45,287
  • Edited 6:48am Dec 18, 2024 6:36am | Edited 6:48am
Quoting genuine007
{quote} You planning to purchase 20x50k APEX Evals as there is FOMIC and you hope you will pass them all in just 1 day?? That's why props banning you from purchasing their more Evals because you become dangerous for them especially if your this churning of accounts method work by luck You treating all the accounts you buy like 1 or 2 trades, or may be 3 trades maximum before you blow your account You are in so much hurry that you either want to pass fast or just blow & try again I am sure this is not the way you trade your personal accounts.
First of all As i always say what works for me doesn't guarantee it'll work for you..

Second thing no firm ever banned based of my trading..

Third i was never denied of payout based of my trading even with apex i have pulled so many payouts never ever denied...

Fourth i just yolo during the evals phase to pass them quickly (if there is no consistency then yolo with news other wise normal trading)

Prop firms doesnot give you the luxury to build your account slowly coz anytime rules can change or firm goes under so better milk'em quick......
Extreme gut feeling trader
  • #45,288
  • Dec 18, 2024 7:39am Dec 18, 2024 7:39am
MOFO apex 80% promo expired ... now 50% off that'll be like 83$ per 50k... no thank you too expensive for a poor like me.....

NO YOLO"ING during FOMC>...
Extreme gut feeling trader
  • #45,289
  • Dec 18, 2024 8:15am Dec 18, 2024 8:15am
Quoting pipmaster77
{quote} Wow, wasn't aware. Maybe they like the challenge of let's see if you can do it again, betting on getting their money back? Maybe after 2 or 3 cycles, they halt you. I have a live sim with TPT ( no payout yet) and have never used Topstep.
TakeProfitTrader is weird on live account as you need to do trailing shit again on live to withdrawal threshold to start getting payouts.
  • #45,290
  • Dec 18, 2024 8:38am Dec 18, 2024 8:38am
Quoting sampat
{quote} TakeProfitTrader is weird on live account as you need to do trailing shit again on live to withdrawal threshold to start getting payouts.
Also DLL is a hard violation
Extreme gut feeling trader
  • #45,291
  • Dec 18, 2024 9:14am Dec 18, 2024 9:14am
Quoting sampat
{quote} TakeProfitTrader is weird on live account as you need to do trailing shit again on live to withdrawal threshold to start getting payouts.
Yes, I tried them because their payout policy was enticing, daily and no cap. However, once I pass evals, I trade as risk adverse as a personal account, so I never hit caps anyway.....certainly not a beast like Monty.
  • #45,292
  • Dec 18, 2024 9:14am Dec 18, 2024 9:14am
Quoting montygoldy
{quote} Also DLL is a hard violation
So's ETF (Elite), if anyone's wondering.
  • #45,293
  • Dec 18, 2024 9:30am Dec 18, 2024 9:30am
Quoting montygoldy
{quote} First of all As i always say what works for me doesn't guarantee it'll work for you.. Second thing no firm ever banned based of my trading.. Third i was never denied of payout based of my trading even with apex i have pulled so many payouts never ever denied... Fourth i just yolo during the evals phase to pass them quickly (if there is no consistency then yolo with news other wise normal trading) Prop firms doesnot give you the luxury to build your account slowly coz anytime rules can change or firm goes under so better milk'em quick......
I have 1 trade running since yesterday afternoon in all my prop firm accounts
Still no result, lets see what FOMC will do take me out on SL or give me a runner
No stress about trailing HIGHEST EQUITY drawdown in forex props at least
But its not easy to stay in trade and not closing it, its the toughest thinngg, but I am happy with my patience now!!
My trading style may take a long time to pass evaluations but its a guaranteed way to pass evals.
How much time?? 30 to 50 trading days max to get funded
I can never ever blow any challenge with static drawdown at least.
I will never ever blow the initial deposit in personal broker account.
  • #45,294
  • Dec 18, 2024 9:34am Dec 18, 2024 9:34am
Quoting montygoldy
{quote} Man i asked the support team they said they said its a weird behaviour they dont even know their own tech.... Maybe hoping to apologize my behaviour on live to get the evals back.. mffu is the when it comes to payout......
I hope it's just temporary and you can get back in to evals. I asked in their discord for the rule about getting banned if live account is blown. I had 3 moderators tell me that noone gets banned for blowing up live. I hope that was true. I am on my third payout with my mffu account. This live account thing got me concerned.
  • #45,295
  • Dec 18, 2024 10:06am Dec 18, 2024 10:06am
YES, the sales Director is also my friend
Ravi Kiran T V
  • #45,296
  • Dec 18, 2024 10:13am Dec 18, 2024 10:13am
Quoting mangotango
{quote} I hope it's just temporary and you can get back in to evals. I asked in their discord for the rule about getting banned if live account is blown. I had 3 moderators tell me that noone gets banned for blowing up live. I hope that was true. I am on my third payout with my mffu account. This live account thing got me concerned.
people in discord doesnot really know... its the decision from higher up i.e risk team
Extreme gut feeling trader
  • #45,297
  • Dec 18, 2024 10:24am Dec 18, 2024 10:24am
Quoting montygoldy
{quote} people in discord doesnot really know... its the decision from higher up i.e risk team
Let's put it this way, if you were a prop firm owner.......Would you want YOU back on sim?
Just sayin'
Of cousre, the other thought is let them back in and see if we can recoup back some fees if they blow up this time.......it all comes down to balance of risk.....just like us, as traders.
  • #45,298
  • Dec 18, 2024 10:25am Dec 18, 2024 10:25am
Quoting RaviKiran
YES, the sales Director is also my friend
This is why i flagged your post.

If you were regular participant here maybe it would have snuck through but appear out of no where to post a link is not accepted.
  • #45,299
  • Edited 12:24pm Dec 18, 2024 11:50am | Edited 12:24pm
Before TheFuturesDesk was invitation only, now open to all, they also have projectX as platform and all Rithmic one’s

you can trade at exchange member rates, $2.4 roundturn for ES

thefuturesdesk.com


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  • #45,300
  • Edited 12:59pm Dec 18, 2024 12:48pm | Edited 12:59pm
Quoting sampat
{quote} Top step and Take profit allow it
Topstep has made changes since they banned sim accounts once a trader is moved to live. Around Apex 3.0 the owner said there would be an undefined cooling off period before being allowed back to sim. A few weeks later... Topstep said the exact same thing.
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