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  • #46,441
  • Jan 25, 2025 10:06am Jan 25, 2025 10:06am
Quoting RoelsMajor
News: Forex expert Kathy Lien discusses her new book, Prop Trading Secrets, which features interviews with champions and industry veterans. {quote} https://www.financemagnates.com/fore...r-lamborghini/ https://www.google.com.sg/books/edit...J?hl=en&gbpv=1
good article.

I wish and do exactly same as she advises.

If you need 3000 $ in a month, break it down to weekly or daily target she says.

If you need 3000 $ for example, I will break it like this :
20x 150 dollars in a month.

If i need 10000 $ in a month, I will go with three different prop firms in three different accounts.

3 x 20 x 150 $ = 9000 $

Choosing a firm is important. Firms like tickticktraders.com i will avoid.

I will go with Tradeify, MFFU, and Futures elite.

Currently i have 2x100k account with futures elite. 1 x 50k account with MFFU.

Tickticktrader.com is cheating firm I will avoid totally and advocate the same to everyone
Intraday only.
  • #46,442
  • Jan 25, 2025 10:53am Jan 25, 2025 10:53am
Quoting doyathink
{quote} so who survives of the futures firms?
Topstep, E2T and Tradeday for sure.

Others probably-to-possibly.

Apex definitely not.
  • #46,443
  • Edited Jan 26, 2025 1:13am Jan 25, 2025 1:40pm | Edited Jan 26, 2025 1:13am
Quoting Takisd
{quote} queen grifter herself
So is not very reliable? Perhaps she has repented.

Quoting navk
{quote} good article. I wish and do exactly same as she advises. If you need 3000 $ in a month, break it down to weekly or daily target she says. If you need 3000 $ for example, I will break it like this : 20x 150 dollars in a month. If i need 10000 $ in a month, I will go with three different prop firms in three different accounts. 3 x 20 x 150 $ = 9000 $ Choosing a firm is important. Firms like tickticktraders.com i will avoid. I will go with Tradeify, MFFU, and Futures elite. Currently i have 2x100k account with futures elite. 1 x 50k account...
I calculate it by percentage, not by the amount of $.

I can't trade futures at the moment, maybe later. That's why if there's a broker-backed futures option, it might be more honest.
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  • #46,444
  • Jan 25, 2025 7:07pm Jan 25, 2025 7:07pm
Quoting Quickly
{quote} Topstep, E2T and Tradeday for sure. Others probably-to-possibly. Apex definitely not.
Thanks, Quickly (and Takisd)...
I'll look into these... Topstep, of course, I know, somewhat.
  • #46,445
  • Edited 11:58pm Jan 25, 2025 11:29pm | Edited 11:58pm
Only Monty was sharing his real time experience with multiple firms. Pros, cons, payouts, approvals, rejections including ban. He is missing now.

Most other guys were giving just opinions.

So, people need to trade with different firms ... come up to payout stage and then you will have real time experience.

BEAWARE... MANY CHEATING PROP FIRMS around.

lol
Intraday only.
  • #46,446
  • Jan 26, 2025 3:01am Jan 26, 2025 3:01am
Quoting RoelsMajor
{quote} So is not very reliable? Perhaps she has repented. {quote} I calculate it by percentage, not by the amount of $. I can't trade futures at the moment, maybe later. That's why if there's a broker-backed futures option, it might be more honest.
She is one of the original course grifters. She hasn’t changed her goal is only to self enrich
  • #46,447
  • Jan 26, 2025 3:22am Jan 26, 2025 3:22am
Quoting Takisd
{quote} She is one of the original course grifters. She hasn’t changed her goal is only to self enrich
Some of her points are valid.
How a person need to approach prop firm trading.
She talks only about trading but not about Firms
Intraday only.
  • #46,448
  • Jan 26, 2025 3:38am Jan 26, 2025 3:38am
Quoting navk
{quote} Some of her points are valid. How a person need to approach prop firm trading. She talks only about trading but not about Firms
check other recent videos and various trading strategy videos of her partner. It’s all grift
  • #46,449
  • Jan 26, 2025 4:42am Jan 26, 2025 4:42am
Which is the best propfirm?
  • #46,450
  • Jan 26, 2025 7:47am Jan 26, 2025 7:47am
Quoting navk
Tickticktrader.com is cheating firm I will avoid totally and advocate the same to everyone
Are they still ignoring you or have they formally rejected your payout?
  • #46,451
  • Edited 10:12am Jan 26, 2025 8:18am | Edited 10:12am
Quoting maltrader
{quote} Are they still ignoring you or have they formally rejected your payout?
Ignored first for 5 days, then had google meet. That guy was happy.

Then rejected.

Then under re eval. Is now 24 hrs...48 hrs..72 hrs gone

Not sure, they will pay me.

I am waiting to say " F***uck off "

It is clear cut message to me..not just me. ticiticktrader.com is scam. Wait i will confirm
Intraday only.
  • #46,452
  • Edited 9:09am Jan 26, 2025 8:52am | Edited 9:09am
Quoting pipmaster77
{quote} I believe you will be paid as you did not violate any rules. The delay in payouts blantantly displays cash flow issues.
One person had google meet with me.
Asked me to show my face...then asked me to show my hand and mouse, screen in laptop.

Asked me to open tradovate platform.

Asked me to open NQ chart.

Asked me to open few trades.

Then close.

He did everything.

And calling for google meet shows i did not violate rules.

It is now turned to " rejected " status.

After my complaints again... they are re evaluating.
Ticket is open.

It is clear cut message to me.. they are going to say reject.

Scam. Wait, i will confirm
Intraday only.
  • #46,453
  • Jan 26, 2025 9:34am Jan 26, 2025 9:34am
Quoting navk
{quote} Ignored first for 5 days, then had google meet. That guy was happy. Then rejected. Then under re eval. Is now 24 hrs...48 hrs..72 hrs gone Not sure, they will pay me. I am waiting to say " Fuck off " It is clear cut message to me..not just me. ticiticktrader.com is scam. Wait i will confirm
on other hand you know, you are on the right path with trading style.. when prop need to start use cheap tricks to not pay you.
sounds good what you do... same like monty.
  • #46,454
  • Jan 26, 2025 10:39am Jan 26, 2025 10:39am
Quoting doyathink
{quote} I like Monty's spirit, and as a fellow Canuck I could relate, but I blocked him a while ago due to the sheer volume of content... not helpful to my trading, which I am not holding up as an example. Best wishes to him, though. Hope all is well.
Probably he lost all his funded accounts, so he is embarrased to post here again...
If so, it serves him right. As a ruthless gambler without proper trading...he should not get any payouts at all.
  • #46,455
  • Jan 26, 2025 11:32am Jan 26, 2025 11:32am
Quoting Olarion1975
{quote} Probably he lost all his funded accounts, so he is embarrased to post here again... If so, it serves him right. As a ruthless gambler without proper trading...he should not get any payouts at all.
And surprisingly he is the only one you have subscribed to. LOL ..... you are now on my ignore list.
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Drawdown is more important than Account Size !
  • #46,456
  • Jan 26, 2025 12:00pm Jan 26, 2025 12:00pm
Quoting Olarion1975
As a ruthless gambler without proper trading...he should not get any payouts at all.

Your warmth, admiration and respect for your fellow-members speaks volumes.

Might you perhaps be just the tiniest bit envious of all the money he's been making over the last year or two?
  • #46,457
  • Jan 26, 2025 12:33pm Jan 26, 2025 12:33pm
Quoting navk
{quote} One person had google meet with me. Asked me to show my face...then asked me to show my hand and mouse, screen in laptop. Asked me to open tradovate platform. Asked me to open NQ chart. Asked me to open few trades. Then close. He did everything. And calling for google meet shows i did not violate rules. It is now turned to " rejected " status. After my complaints again... they are re evaluating. Ticket is open. It is clear cut message to me.. they are going to say reject. Scam. Wait, i will confirm
Maybe because of the widespread issue of prop firm hedging groups, that's why most prop firms are like that, even though it's somewhat unethical.
Source: https://x.com/Jamesglyde/status/1883091396573409541
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  • #46,458
  • Jan 26, 2025 12:38pm Jan 26, 2025 12:38pm
Quoting navk
{quote} Two more days passed. No payout yet. The support staff says 24 hrs... 48 hrs.. all gone in air.
I have been following you and love the fact that you and Monty do post as is.
Something that surprise me about these prop firm that refuse to pay...Is it that it is not real funded account that they open for us as funded account?
Cos if it is real funded account and you make profit which should be shared 80/20, 90/10 or whatever; why is it difficult for them to pay....?

For me, the only reason why they would not pay is, they collected your challenge money and did not fund you with real funded account when you passed the challenge and so, you make 4K thinking you are on a live account not knowing it's still demo you are trading or am I still missing something here?
  • #46,459
  • Edited 1:20pm Jan 26, 2025 12:57pm | Edited 1:20pm
Quoting ogbajijoel
{quote} I have been following you and love the fact that you and Monty do post as is. Something that surprise me about these prop firm that refuse to pay...Is it that it is not real funded account that they open for us as funded account? Cos if it is real funded account and you make profit which should be shared 80/20, 90/10 or whatever; why is it difficult for them to pay....? For me, the only reason why they would not pay is, they collected your challenge money and did not fund you with real funded account when you passed the challenge and so,...
The prop firms offering challenges today are not real prop firms but gaming prop firms. They operate using the B-book model, acting as data collectors. The revenue generated from challenge fees—after deducting spreads, swaps, trading commissions, and so on—is pooled to pay traders who pass the challenge and then manage to generate profits. Even broker-backed prop firms use the B-book model. These are not real prop firms that use the A-book model, forward trades to liquidity providers, or hire you to trade a live account after passing the challenge or screening process, and will provide you with a monthly salary, bonus, and profit sharing.

The profit potential for these firms is substantial because the wisdom is clear: 90% of traders will fail at least once, if not multiple times, throughout their trading journey before succeeding in buying a $100k account and earning even a modest 3% profit per month. Some above-average traders might be able to generate significant profits and receive multiple payouts before potentially being banned.

We take on some risk, and then transfer much of the risk to Prop Firm Gaming. Then this Prop Firm Gaming only take risks and hope for the best, sometimes without a solid financial model or proper, sustainable, and rational challenges. They merely follow trends until one day they commit fraud or scam traders, similar to the HYIP boom about 15 years ago, although there are also those that last long and remain sustainable.

Source: https://www.financemagnates.com/fore...e-alternative/
fooled by randomness in art
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  • #46,460
  • Jan 26, 2025 1:33pm Jan 26, 2025 1:33pm
Quoting RoelsMajor
{quote} The prop firms offering challenges today are not real prop firms but gaming prop firms. They operate using the B-book model, acting as data collectors. The revenue generated from challenge fees—after deducting spreads, swaps, trading commissions, and so on—is pooled to pay traders who pass the challenge and then manage to generate profits. Even broker-backed prop firms use the B-book model. These are not real prop firms that use the A-book model, forward trades to liquidity providers, or hire you to trade a live account after passing the...
HYIP was so much fun.
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