Disliked{quote} At least they don't openly admit using client funds to pay for b-book losses. Most don't even admit b-booking the flow and claim client funds being segregated.Ignored
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} At least they don't openly admit using client funds to pay for b-book losses. Most don't even admit b-booking the flow and claim client funds being segregated.Ignored
Disliked{quote} At least they don't openly admit using client funds to pay for b-book losses. Most don't even admit b-booking the flow and claim client funds being segregated.Ignored
Disliked{quote} Right, and these are the fuckers being "regulated" by the NFA/CFTC. 100% proves the point of not needing regulationIgnored
DislikedAt least they don't openly admit using client funds to pay for b-book losses. Most don't even admit b-booking the flow and claim client funds being segregated.Ignored
DislikedMadoff didn't use any client funds to trade stocks but I believe that it would not have made any difference had he traded some some stocks with the client funds.Ignored
Disliked{quote}-So if they do not admit it, then it's okay? Most props do not openly admit things, either. If a broker is not using client funds to pay for B-book losses, then where else would the money be coming from? Investors? The fact remains that B-booking is allowed. Same with trading via a middleman that collects money off of the backs of you and other traders. My whole point about ponzi vs. non-ponzi is that it's not always so simple. There are many legitimate models that could be considered a ponzi, based on how they are structured, but that does...Ignored
Disliked{quote} Actually B booking is not a bad thing. I remember when FXCM got busted because of CHF pegged removed, Forex.com published profit of in millions.Ignored
Disliked{quote} Actually B booking is not a bad thing. I remember when FXCM got busted because of CHF pegged removed, Forex.com published profit of in millions.Ignored
DislikedMy point is that it is insignificant what you and me think or what the props claim to be doing.Ignored
DislikedIf and when SEC decides to go after these companies they can use any argument they wish in order to accomplish their goal such as ponzi, wire fraud, ml, fraudulent marketing etc. Binary Options is a good reference.Ignored
Disliked{quote} B-booking is a very good business because eventually every trader will lose. You just need deep pockets. Besides you can always blame that the winners have been using arb and refuse payment. FX is a really ugly business.Ignored
DislikedIs b booking a Ponzi if there are mostly losers? Ponzi is paying out old investors with new money. Suggesting all will make money, brokers and props are not promising anyone will make anything. So is it a Ponzi?Ignored
Disliked{quote} You had access to information that most of us don't. Quick question: even paying winner with the fees of losers, can't this be a "normal" business just like lottery ? Lottery big winners are paid by all the small losers and the house still cut his share. And this is not a ponzi. A model like that is not viable in props ?Ignored
Disliked{quote} You had access to information that most of us don't. Quick question: even paying winner with the fees of losers, can't this be a "normal" business just like lottery ? Lottery big winners are paid by all the small losers and the house still cut his share. And this is not a ponzi. A model like that is not viable in props ?Ignored
DislikedQuick question: even paying winner with the fees of losers, can't this be a "normal" business just like lottery ? Lottery big winners are paid by all the small losers and the house still cut his share. And this is not a ponzi. A model like that is not viable in props ?Ignored
Disliked{quote} I guess the difference is this..........Will the entire model collapse without new players? In the lottery everyone buys a ticket, the winners are paid from that one drawing, like a raffle. With the props, if it is solely reliant on fees, you cannot pay the winners who started the game 3 months ago or longer without new players today. It would be equivalent of a lotttery, if say, all challnege fees paid today would be paid out to the top 5 traders at the end of certain period..... 1 day, 1 week, 1 month, whatever. Say firm takes 20%, the...Ignored
Dislikedeveryone is so fixated on challenges and payouts how safe are these quasi ponzi brokers....how can you trust them with your credit or debit card info much less your bank account numbers? seems it would be very easy for the shady ones to start stealing and opting someones identityIgnored
Disliked{quote} I guess the difference is this..........Will the entire model collapse without new players? In the lottery everyone buys a ticket, the winners are paid from that one drawing, like a raffle. With the props, if it is solely reliant on fees, you cannot pay the winners who started the game 3 months ago or longer without new players today. It would be equivalent of a lotttery, if say, all challnege fees paid today would be paid out to the top 5 traders at the end of certain period..... 1 day, 1 week, 1 month, whatever. Say firm takes 20%, the...Ignored
DislikedSocial security system here in the US.....PROBABLY THE BIGGEST PONZI IN THE WORLD and proudly run by the US Government!!!!Ignored
Dislikedand, yes, I am fucking bitter, everything I've evr done to make money in my life, they regulate the shit out of it.Ignored