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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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  • #42,181
  • Sep 16, 2024 1:38pm Sep 16, 2024 1:38pm
Quoting Capablanca
From time to time I bump on Equity Edge UK, though I never tested them in all these years, despite they are around for a while. Any opinions ?
check out Alpha capital, goat funded trader, ftmo, the 5%ers. Had been funded with all of them. Pretty good rules, transparent, good prices.
Forex Trader | IT Infrastructure Specialist | Trading Insights & Analys
VukispaceTickeScalperArbitrage All Time Return: 4,021.1%
  • #42,182
  • Sep 16, 2024 2:20pm Sep 16, 2024 2:20pm
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One down, one more to go...
Trade with confidence, trade without fear.
  • #42,183
  • Edited 4:56pm Sep 16, 2024 3:05pm | Edited 4:56pm
Quoting pipmaster77
Trying to crack top 400...... {image}
Congrats Pip on your perseverance and your achievement. I know of only very few traders in this forum(Cryptosurf, myself and 1-2 others), who actually in the business of trading and beating the all mighty Mr. Market. You are one of them. Your journey is slow but deliberate...keep on going!

Here is the sign of continue inspiration. For me, 1 trade today on Dow Futures 1 Hour TF, for + 5%.
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  • #42,184
  • Sep 16, 2024 3:10pm Sep 16, 2024 3:10pm
Quoting driven18
{quote} Congrats Pip on your perseverance and your achievement. I know of only very few traders in this forum(Cryptosurf, myself and 1-2 others), who actually in the business of trading and beating the all might Mr. Market. You are one of them. Your journey is slow but deliberate...keep on going! Here is the sign of continue inspiration. For me, 1 trade today on Dow Futures 1 Hour TF, for + 5%. {image}
Yes, very similar, mine was S&P for 16 points (64 ticks). Had a couple of small DOW gains afterwards, but they were only about 25% of the S&P gain. Always try to get it done in 1.....way to go!

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  • #42,185
  • Sep 16, 2024 3:13pm Sep 16, 2024 3:13pm
Quoting Vuki
{quote} check out Alpha capital, goat funded trader, ftmo, the 5%ers. Had been funded with all of them. Pretty good rules, transparent, good prices.
Thanks for recommending FTMO and 5ers. Never crossed my mind.

I'm joking, welcome to the topic. Goat is far from transparent, plenty of bad cases of denied payouts based in arbitrary rules. Alpha (re)started some months ago their shady behavior. First they changed rules overnight, without warning (so, not transparent). Then they invented new denied KYC (and acct ban) for people that had passed KYC in the past and even had received several payouts. And now they even denied and banned people because they had funded accounts caming from their own giveaways.
  • #42,186
  • Sep 16, 2024 3:17pm Sep 16, 2024 3:17pm
Quoting Capablanca
{quote} Thanks for recommending FTMO and 5ers. Never crossed my mind. I'm joking, welcome to the topic. Goat is far from transparent, plenty of bad cases of denied payouts based in arbitrary rules. Alpha (re)started some months ago their shady behavior. First they changed rules overnight, without warning (so, not transparent). Then they invented new denied KYC (and acct ban) for people that had passed KYC in the past and even had received several payouts. And now they even denied and banned people because they had funded accounts caming...
You've already used and been banned by FTMO.
You also have probably used more different firms (by far) than anyone in here.
  • #42,187
  • Sep 16, 2024 3:18pm Sep 16, 2024 3:18pm
Quoting driven18
{quote} Congrats Pip on your perseverance and your achievement. I know of only very few traders in this forum(Cryptosurf, myself and 1-2 others), who actually in the business of trading and beating the all might Mr. Market. You are one of them. Your journey is slow but deliberate...keep on going! Here is the sign of continue inspiration. For me, 1 trade today on Dow Futures 1 Hour TF, for + 5%. {image}
Thnaks for the kind words and encouragement as well. It's way tougher than most can even imagine.
  • #42,188
  • Sep 16, 2024 6:08pm Sep 16, 2024 6:08pm
Quoting montygoldy
{quote} Not sure where but there is a setting on tradovate it'll automatically does it.... it changed my dow contracts automatically....
To enable automatic rollover, navigate to your Application Settings in the upper right-hand corner of your Tradovate platform and choose the Preferences tab. Then, toggle Autoroll Contracts to Enabled
  • #42,189
  • Sep 16, 2024 11:41pm Sep 16, 2024 11:41pm
Quoting montygoldy
{quote} Not sure where but there is a setting on tradovate it'll automatically does it.... it changed my dow contracts automatically....
From my vague reading of your replies here it seems as if you perform well in markets that acts like GBPUSD, when they do not you get in tough waters. Why not just focus on markets which behaves like GBPUSD only?
  • #42,190
  • Sep 17, 2024 12:40am Sep 17, 2024 12:40am
Quoting Cryptosurf
{image} One down, one more to go...
Great ! We don't need that kind of trash in this thread.
  • #42,191
  • Sep 17, 2024 12:47am Sep 17, 2024 12:47am
News from Peak.
Pasquale is denying the rumors that he and Umar took Josh invested money in Peaks. Anyway, he doesn't deny that Josh invested flushed there 400K and that Peaks is basically insolvent.

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  • #42,192
  • Sep 17, 2024 2:03am Sep 17, 2024 2:03am
Quoting labu
{quote} From my vague reading of your replies here it seems as if you perform well in markets that acts like GBPUSD, when they do not you get in tough waters. Why not just focus on markets which behaves like GBPUSD only?
There is always learning....i am not even good at gbpusd as well... Personally i am buyer and i do well during the buy market.......But for indices like dow more you put screen time you'll understand all its tricks and its repeat itself pretty much daily to weekly...... But currently i am not playing with DOW its like my safe resort....
Putting in more time in NASDAQ coz of volatility.... not getting hold of it as there are so many random moves.....
Extreme gut feeling trader
  • #42,193
  • Edited 10:27am Sep 17, 2024 10:12am | Edited 10:27am
Never seen a dirty cheaper offer than that on this new prop firm. Scam alert! For myself I am not gonna waste even $100 here and my time of course.
https://thepropgame.com/#-200-000
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This means we are working to get you to payout.

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  • #42,194
  • Sep 17, 2024 10:57am Sep 17, 2024 10:57am
Apart from APEX, any other trusted prop firm without any consistency BS?
  • #42,195
  • Sep 17, 2024 11:21am Sep 17, 2024 11:21am
Quoting Evasparkling
Apart from APEX, any other trusted prop firm without any consistency BS?
TakeProfitTrader has no consistency in the funded account, but 50% on the eval. They also have EOD trail on the eval, which becomes intraday once live.
Of course, like all firms, DD is static once you've cleared the buffer.
Only one I know of with no consistency on funded.
  • #42,196
  • Sep 17, 2024 2:18pm Sep 17, 2024 2:18pm
Quoting Capablanca
{quote} Thanks for recommending FTMO and 5ers. Never crossed my mind. I'm joking, welcome to the topic. Goat is far from transparent, plenty of bad cases of denied payouts based in arbitrary rules. Alpha (re)started some months ago their shady behavior. First they changed rules overnight, without warning (so, not transparent). Then they invented new denied KYC (and acct ban) for people that had passed KYC in the past and even had received several payouts. And now they even denied and banned people because they had funded accounts caming...
it’s fully legal for a prop firm to change rules without prior notice. Kyc rules are changed by the country where the prop has settled down so not their decision.

People getting angry because they break rules and then make bad reviews for a denied payout is pretty much laughable. Pure comedy for me.
Forex Trader | IT Infrastructure Specialist | Trading Insights & Analys
VukispaceTickeScalperArbitrage All Time Return: 4,021.1%
  • #42,197
  • Edited 2:44pm Sep 17, 2024 2:28pm | Edited 2:44pm
Quoting Vuki
{quote} it’s fully legal for a prop firm to change rules without prior notice. Kyc rules are changed by the country where the prop has settled down so not their decision. People getting angry because they break rules and then make bad reviews for a denied payout is pretty much laughable. Pure comedy for me.
The last time Tigerfunded changed rules without notice, I was affected backwards for breaking this NEW RULE. It could be implemented just because of me expecting a 5 figure payout. Then all of a sudden they breached me and when I asked for the reason, they created a new rule on the go, which I could read several hours later on website. Waybackmachine and anything else did not help too, the old more favorable rules for trader disappeared at all. And the best was, they were denying that there was a rule change or a better rule before. But on discord I had the proof they were just lying in front of my face. I have not experienced this kind of fraud myself so far. But that was really outright fraud. And it took me over 2 months to get my refund over my credit card as charge back, and that only because I did the whole paperwork for that fraud to get the money back from VISA credit card company. If you can laugh about that, too bad...
  • #42,198
  • Sep 17, 2024 2:33pm Sep 17, 2024 2:33pm
Quoting TrAndy1
{quote} The last time Tigerfunded changed rules without notice, I was affected backwards for breaking this NEW RULE. It could be implemented just because of me exepcting a 5 figure payout. Then all of a sudden they breached me and when I asked for the reason, they created a new rule on the go, which I could read several hours later on website. Waybackmachine and anything else did not help too, the old more favorable rules for trader disappeared at all. And the best was, there were denying that there was a rule change or a better rule before. I have...
that’s of course bad to hear. I never had such problems with prop firms but I also never had a 5 figure payout with them. The complete model just seems to sketchy for me.

ever tried using your own money instead of props?
Forex Trader | IT Infrastructure Specialist | Trading Insights & Analys
VukispaceTickeScalperArbitrage All Time Return: 4,021.1%
  • #42,199
  • Sep 17, 2024 2:35pm Sep 17, 2024 2:35pm
Quoting Vuki
{quote} it’s fully legal for a prop firm to change rules without prior notice. Kyc rules are changed by the country where the prop has settled down so not their decision. People getting angry because they break rules and then make bad reviews for a denied payout is pretty much laughable. Pure comedy for me.
There also sometimes only rule changes made as kind of grey interpretation to some vague rules ONLY IN DISCORD. And that also can change over time there too.
So if you not constantly monitoring those chit chats, you are lost on such prop firms. I can only warn about, when there are such rule changes made without notice.
  • #42,200
  • Sep 17, 2024 2:41pm Sep 17, 2024 2:41pm
Quoting Vuki
{quote} that’s of course bad to hear. I never had such problems with prop firms but I also never had a 5 figure payout with them. The complete model just seems to sketchy for me. ever tried using your own money instead of props?
Yes Sir. I concentrate trading my personal account. I had some refund requested but did not get the money back since 3 months now. So I only could trade on a challenge on AscendX which is now named Quant Tekel. When I make it to payout maybe then I will get my refund for the duplicate paid fee. There was a message on website that my order was not gone through. I trusted this message and then I tried it again and what happened. They charged my credit card twice, but even I could not trade all challenges because I was over the $400k max. allocation limit. So then i asked for a refund of that 100k account money, but nothing happened. Now I have a free 50k account from them which is funded and 100k I never wanted to buy and is passed for Phase 1 and now in Phase 2 after 2 weeks. I can only advice everyone to keep trading on your own personal broker account regardless you trade some prop challenges. Just in case you know what is better later to concentrate on. For me that question is answered. I lost more money this year than I earned with prop firms, and this is 20k in 2024. Because of large payout delays, where I could not trade some very good A+ setups and rule changes which resulted in a sudden breach. If I only traded my personal broker account in 2024, I would have made more money !!
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