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Anyone trading with a Prop firm 6 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

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Prop Firm Hub

Quoting Takisd
Time for Karl to confess who he is shilling for or leave.
Tradeday. You know the firm no ones uses with monthly/yearly traffic tanking
Pride always comes before destruction.... -Proverbs 16:18
Quoting Novazor
{quote} I dont hope MFF will come back, i just want CFTC too have some of justice for they way they freezed MFF ect, the current situation in forex prop firms is that maybe in 6 months will only be around top 3 prop firms surviving
the market size is retracting rapidly. if it gets to 3 firms then those 3 are also dead
Quoting Capablanca
{quote} I don't believe MFF will ever be back but I would be happy if CFTC would be condemned to pay a compensation to MFF and Murtuza for all what they did. Probably not going to happen because these people are always above law.
Even if they were to come back, the landscape has changed drastically. They won’t be able to operate like they have in the past, like all the rest.
Trade with confidence, trade without fear.
Quoting Expo33
{quote} Tradeday. You know the firm no ones uses with monthly/yearly traffic tanking
bearish on pending futures limit orders
Quoting pipmaster77
{quote} don't forget....FED rate decision today.
So, as expected, today I took a loss (not huge). Out before the news comes out.
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Love Cars & Money !
Quoting Takisd
{quote} Depends what you are aiming for. The thing is during such a hearing the questions will be different. It won't be "are you sure about the evidence" it will be more "why did you lie about the evidence and who knew about it". Its a very guilty until innocent type of situation. Whilst I would imagine the CFTC will take it seriously given their behavior thus far - its unlikely. So it will play out. If the outcome is that you want MFF back, I wouldn't hold my breath. If the outcome is you want MFF to burn in hell, I wouldn't hold my breath. Its...
The only justice from this case is that we all know including the judge that the CFTC lied, that's it. If MFF can come back from all of this it won't be because of a settlement that came from the CFTC because that is not going to happen. Just my opinion.
Quoting CableJ
{quote} Here is the problem... 6% of 300-600K funding is unpayable by most FX props in the current environment (no US + no MT4 + contracting market) To stay solvent FX Props likely need a combination of several of the following... 1. ban eas 2. no refunds + bonuses 3. monthly profit cap 4. 100K/200K max funding 5. drop leverage to <20:1 6. no entries/exits +/- 2 min major impact news 7. 30-40% consistency rules.
FTMO barely changed anything over the years they ve been operationg, they must be doing something right, no?
also, if they start with offerings such as u pointed out, for me personally trading personal accounts or futures is also an option tbh.
doesn t make sence to have high targets in eval but profit capped in funded, atleast 2 me...
I don t see forex props ceasing to exist, i think that in the end traders will flock to those chosen few reliable and the others will go bankrupt fast with all theyr new changes they claim every1 will do...
close to pass my phase1 of mini 5k account
just 55$ profit left, may be tonight or tomorrow it will be passed
1:1 r:r trade is running lets see which hits first
will pass, or go behind by the same amount or little bit more amount
Quoting woody70
{quote} The only justice from this case is that we all know including the judge that the CFTC lied, that's it. If MFF can come back from all of this it won't be because of a settlement that came from the CFTC because that is not going to happen. Just my opinion.
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Quoting 1odi
{quote} FTMO barely changed anything over the years they ve been operationg, they must be doing something right, no? also, if they start with offerings such as u pointed out, for me personally trading personal accounts or futures is also an option tbh. doesn t make sence to have high targets in eval but profit capped in funded, atleast 2 me... I don t see forex props ceasing to exist, i think that in the end traders will flock to those chosen few reliable and the others will go bankrupt fast with all theyr new changes they claim every1 will do...
FTMO have changed, just that we don't hear about it. They are more aggressive on the nda's, the removals and the leverage changes.

But the key factor is that they have a rule for allocation per strategy. In this market, that is the killer of groups and cheats thus providing some security to their business. The leverage cuts and removal of toxic traders promptly also helps. If the majority all rejoin their forces, we will see more complaints. Laying low is another key to survival right now
Quoting procrude
{quote} So, as expected, today I took a loss (not huge). Out before the news comes out. {image} {image}
I am sitting on my hands... as a buyer i knew we gonna fly... But trying to take less risks to make the payout pathway easier.
Extreme gut feeling trader
Apex 80% off email came in, once again... The idea is to get mass tiny accounts correct? And use the copier?

Expo please teach me the way of the degenerate. I got a payout from my 300k and then abandoned so now I want to smash and grab.
Quoting Takisd
Apex 80% off email came in, once again... The idea is to get mass tiny accounts correct? And use the copier? Expo please teach me the way of the degenerate. I got a payout from my 300k and then abandoned so now I want to smash and grab.
80% sale was going on for basically all of April. It was supposed to end yesterday & then they extended it again lol. 50K x 20 w/ a copier is what most are doing due to lower target / DD ratio.
Quoting Expo33
Tradeday. You know the firm no ones uses with monthly/yearly traffic tanking
LOL, in spite of the fact that he was posting here for years before Tradeday even existed, and has said openly that it wouldn’t be his own first choice? That would be rather an unusual way to be a shill, wouldn’t it? (I thought you said he was a CFTC shill, anyway?).
Quoting MissLouise
Without having the benefit of accessing any firms to try them out, it's impossible to know which are trustworthy.
-I would not say that it is impossible. There is much valuable information within this thread from many longstanding members that are not pushing some kind of agenda.

Quoting MissLouise
I know that forex trading is what I want to continue doing. It is my absolute love and passion
-I would ask what you might hope to get from FX that you cannot get from futures. If you are not sure, then I would encourage you to consider exploring futures as a potential option for you.
Quoting CableJ
{quote} 80% sale was going on for basically all of April. It was supposed to end yesterday & then they extended it again lol. 50K x 20 w/ a copier is what most are doing due to lower target / DD ratio.
bugger, so it's extended for the whole of May. If I'd known one day pass was still valid I'd have held my longs. Oh well always tomorrow.
Quoting MissLouise
My endeavors are earnest, I just need to know which, where and what I can put my trust in. We shall see.
-If you are insistent on growing your account through prop, then I would recommend that you stay in the US for now, trade with futures props and build your capital that way. Once you have positioned yourself well enough financially, then move outside of the US if you want.

If you absolutely must trade FX, then I would be curious about what your reasoning is for that.
Closing today... Content with the performance most of the profits were made in asian session.
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Extreme gut feeling trader
Quoting Takisd
Expo please teach me the way of the degenerate. I got a payout from my 300k and then abandoned so now I want to smash and grab.
Hey come on, leave him be, don't forget he's on darwin now acting like a "proper" trader.
Quoting Quickly
{quote} LOL, in spite of the fact that he was posting here for years before Tradeday even existed, and has said openly that it wouldn’t be his own first choice? That would be rather an unusual way to be a shill, wouldn’t it? (I thought you said he was a CFTC shill, anyway?).
hi Karl
A snails pace wins the race :-)
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montygoldy