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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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  • #1,181
  • May 20, 2021 1:11pm May 20, 2021 1:11pm
Quoting Mtinifx
{quote} You too mate. PM if you want to share setups. Two heads are better then one
Haha Definitely man, Good idea!!
Mizi is interested too.. One of us could always set up a new thread to discuss trading ideas solely for these prop challenges.

Quoting mizi123
{quote} I like these if you need 3 heads here i em https://www.youtube.com/watch?v=LvfOrOK2Dw8
  • #1,182
  • May 20, 2021 1:21pm May 20, 2021 1:21pm
Quoting Koop
{quote} Haha Definitely man, Good idea!! Mizi is interested too.. One of us could always set up new thread to discuss trading ideas solely for these prop challenges. {quote}
My 2 cents best way to pass these challanges is to chase 1-2 setups in good trend, after that just fuel some oil on fire with some small daily setups up to 30 pips and when deal fulfiled just close these trending trades
  • #1,183
  • May 20, 2021 1:37pm May 20, 2021 1:37pm
Quoting mizi123
{quote} My 2 cents best way to pass these challanges is to chase 1-2 setups in good trend, after that just fuel some oil on fire with some small daily setups up to 30 pips and when deal fulfiled just close these trending trades
small and a lot of scalps for 10-20 pips is the way for me. you may not always get the 10% but you can never fail never. you could always get a free retry and if at the end of the month you didnt meet the target, just risk all the profits you made during the month in 1-2-3 trades

i find this the safest way to deal with challenges
offering my system to copy trade. check my link
  • #1,184
  • May 20, 2021 1:40pm May 20, 2021 1:40pm
Quoting nikosk0
{quote} small and a lot of scalps for 10-20 pips is the way for me. you may not always get the 10% but you can never fail never. you could always get a free retry and if at the end of the month you didnt meet the target, just risk all the profits you made during the month in 1-2-3 trades i find this the safest way to deal with challenges
We are on the neighbourhood mind set i love these
  • #1,185
  • May 20, 2021 1:59pm May 20, 2021 1:59pm
Quoting nikosk0
{quote} small and a lot of scalps for 10-20 pips is the way for me. you may not always get the 10% but you can never fail never. you could always get a free retry and if at the end of the month you didnt meet the target, just risk all the profits you made during the month in 1-2-3 trades i find this the safest way to deal with challenges
i agree with you.

That is my style too.
Intraday only.
  • #1,186
  • May 20, 2021 8:23pm May 20, 2021 8:23pm
Costs of the MFF Direct funding packages and a few basic rules -

Attached Image (click to enlarge)
Click to Enlarge Name: MFF direct fundng price.png Size: 62 KB


Much more expensive than other offers, Don't know if it's worth it with a 50/50 profit split.
  • #1,187
  • May 20, 2021 8:26pm May 20, 2021 8:26pm
Quoting Koop
From MFF Discord channel - "JOSHMFF — Yesterday at 11:13 PM Hey guys/gals/inbetween @everyone I hope you're having a great day. Its been a very busy one here at My Forex Funds. Trading volume is through the roof and our website is being combed through now to get prepared for launch. My first drip of information on the accelerated program is here. I'm not sassy so I will just come out and say it. Weekly payouts Trader of the day selection (daily payouts for performers) No daily drawdown restrictions. Got leverage? Not much of a brain teaser but I'm...
Where can I find invite link for MFF Discord?
  • #1,188
  • May 20, 2021 9:03pm May 20, 2021 9:03pm
Quoting KoiFish
{quote} Where can I find invite link for MFF Discord?
https://discord.gg/aUweUaaWzs
  • #1,189
  • May 20, 2021 10:26pm May 20, 2021 10:26pm
Quoting pipmaster77
{quote} https://discord.gg/aUweUaaWzs
Thank you.
  • #1,190
  • May 20, 2021 10:45pm May 20, 2021 10:45pm
Quoting Koop
Costs of the MFF Direct funding packages and a few basic rules - {image} Much more expensive than other offers, Don't know if it's worth it with a 50/50 profit split.
Yikes!!! Thought they would do a much better job with this. Their eval model beats the competition, but this.....$4900 for a 50,000 account with 5K DD, $99 for a 2000 account with 100 DD and everything in between. What do they all have in common?.......FEE IS EQUAL TO DD, c'mon man enough with these shitty models.
  • #1,191
  • May 21, 2021 12:21am May 21, 2021 12:21am
Quoting pipmaster77
{quote} Yikes!!! Thought they would do a much better job with this. Their eval model beats the competition, but this.....$4900 for a 50,000 account with 5K DD, $99 for a 2000 account with 100 DD and everything in between. What do they all have in common?.......FEE IS EQUAL TO DD, c'mon man enough with these shitty models.
With all these crap models as examples of what traders do not want, it probably wouldn’t take too long for us traders to put together a Prop Model that we want.

Then place it in Post 1 and drop subtle hints to those who might venture into setting up this type of ‘Trader Prop Model’.

Masterrmind ........
Master your Mind then Master your Trades
  • #1,192
  • May 21, 2021 1:05am May 21, 2021 1:05am
Quoting pipmaster77
{quote} Yikes!!! Thought they would do a much better job with this. Their eval model beats the competition, but this.....$4900 for a 50,000 account with 5K DD, $99 for a 2000 account with 100 DD and everything in between. What do they all have in common?.......FEE IS EQUAL TO DD, c'mon man enough with these shitty models.
Yeah, total let down. Expected much better.
Wtf is going to pay $100 for a 2k account with a $100 DD limit. Smh

Quoting Masterrmind
{quote} With all these crap models as examples of what traders do not want, it probably wouldn’t take too long for us traders to put together a Prop Model that we want. Then place it in Post 1 and drop subtle hints to those who might venture into setting up this type of ‘Trader Prop Model’. Masterrmind ........
Lol you know I was just thinking of something similar yesterday.

Listing a number of rules/conditions/offerings and picking out 5-10 of them that would sum up to reflect my imagination of the "ideal" "perfect" prop firm.

I think I've seen someone make such a list on the FTMO thread.

MFF got me all excited for nothing.
  • #1,193
  • May 21, 2021 2:43am May 21, 2021 2:43am
Quoting Koop
{quote} Haha Definitely man, Good idea!! Mizi is interested too.. One of us could always set up a new thread to discuss trading ideas solely for these prop challenges. {quote}
Good idea but remember to check rules of the prop firm first.

HINT: Some of them do not allow traders to open chatrooms online to share setups and execute the same trade(s).
  • #1,194
  • May 21, 2021 2:55am May 21, 2021 2:55am
Quoting Koop
{quote} Haha Definitely man, Good idea!! Mizi is interested too.. One of us could always set up a new thread to discuss trading ideas solely for these prop challenges. {quote}
OK great, yes we could. Look I have an M1 trading system. It's called the "M1 Express" with filter. If you like trading the M1 chart, I'm happy to share it with anyone who's at this moment trading an FT (Funding Talent) challenge. On the understand that we keep in touch as to set ups the System generates. I just got it and I'm nearly +$200 at the moment. I was minus $200 yesterday doing my own thing and losing as usual so that's a gain of 1.5% using the system so far. So maybe it works

PM me so that we can exchange email addresses so that I can send over the templates, etc. I'm obviously not going to share it with all and sundry. Only those trading FT challenge because they are obviously courageous folk who need to be rewarded for their courage
  • #1,195
  • May 21, 2021 4:52am May 21, 2021 4:52am
Quoting pipmaster77
{quote} Yikes!!! Thought they would do a much better job with this. Their eval model beats the competition, but this.....$4900 for a 50,000 account with 5K DD, $99 for a 2000 account with 100 DD and everything in between. What do they all have in common?.......FEE IS EQUAL TO DD, c'mon man enough with these shitty models.

If you reach 20%, then you basically double up for free. This model kicks the complete anus of the others that are out there because DD = more than fee even if slightly. 5ers the fee is 20% more than the dd and it strangles you to death. Also leverage...

I don't see why people think that anyone would give them funding the same day that would be a risk to the company. It would be like propex saying "nah guys don't go through 6 months of sim training, heres a 20 contract cap.. enjoy".

Essentially what the MFF account is, is your starting position is significantly bigger than if you just put the money in the broker yourself. Then the scaling boosts it. It also has weekly payouts and if you withdraw it doesn't affect your scaling so when you reach 20% your money is back in your pocket and your account size increases. From my calculation that means that each time you scale, MFF also resets as their risk goes back to what it originally was. So if you reach 20% exactly, they don't make any money or they make a slight amount of money depending on how they actually make their money.

The weekly payout thing for me is legit, from my time as a broker it means that the number of people who take money out increases like 10 fold so individual risk should also be much less as a collective.

Seems better to me than anything else legit out there.
  • #1,196
  • May 21, 2021 8:00am May 21, 2021 8:00am
Quoting Takisd
{quote} If you reach 20%, then you basically double up for free. This model kicks the complete anus of the others that are out there because DD = more than fee even if slightly. 5ers the fee is 20% more than the dd and it strangles you to death. Also leverage... I don't see why people think that anyone would give them funding the same day that would be a risk to the company. It would be like propex saying "nah guys don't go through 6 months of sim training, heres a 20 contract cap.. enjoy". Essentially what the MFF account is, is your starting position...
Yes, I guess these models are just not for me. I much prefer the 30 day challenge, pass and have 10-12% DD. Just as you state why would anyone think they can get funding the same day, my thought is why would I pay a fee that I can just drop in a personal account and keep 100%. The scale up at 20% is actually inferior to the %5ers, CTI, etc who double at 10-12.5%. I really thought they would try to crush the competition here.
  • #1,197
  • May 21, 2021 8:34am May 21, 2021 8:34am
Quoting Takisd
{quote} If you reach 20%, then you basically double up for free. This model kicks the complete anus of the others that are out there because DD = more than fee even if slightly. 5ers the fee is 20% more than the dd and it strangles you to death. Also leverage... I don't see why people think that anyone would give them funding the same day that would be a risk to the company. It would be like propex saying "nah guys don't go through 6 months of sim training, heres a 20 contract cap.. enjoy".
Quick question. Were you in propex before?
  • #1,198
  • May 21, 2021 8:44am May 21, 2021 8:44am
Looks like we have a prop firm hub stalker on our hands
Attached Image (click to enlarge)
Click to Enlarge Name: stalker.png Size: 77 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,199
  • May 21, 2021 9:00am May 21, 2021 9:00am
Quoting Expo33
Looks like we have a prop firm hub stalker on our hands {image}
Nice catch, Expo. I guess since the FTMO thread has become dormant, he's checking to see what everyone is up to?
  • #1,200
  • May 21, 2021 9:03am May 21, 2021 9:03am
Quoting pipmaster77
{quote} Nice catch, Expo. I guess since the FTMO thread has become dormant, he's checking to see what everyone is up to?
Yea, probably checking out who's cutting in on their action.
Pride always comes before destruction.... -Proverbs 16:18
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