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  • #3,221
  • Aug 27, 2021 10:58am Aug 27, 2021 10:58am
Quoting endgame99
0Was wondering why so many youtube channels promote Funding Talent. And here is the answer. They give you $200 commission for $100K account sale. That is 32% and FTMO offers only 8% commission. With all the money FT has to pay to the affiliates, they have much less left for paying profitable traders. {image}
Its also why some peopel defend them so freakin hard for no reason and ignored the giant red flags poking out of Ghaneys anus.

Operating cost for FT is super high, tie that in with her fendi bags and private jet rental and its unlikely they are properly solvent.
  • #3,222
  • Aug 27, 2021 12:30pm Aug 27, 2021 12:30pm
Obviously I am just joking.
Allergic to bullshitters, never argue with fools
  • #3,223
  • Aug 27, 2021 3:12pm Aug 27, 2021 3:12pm
Quoting Expo33
{quote} I bought the conventional accelerated 2K account and reached the 10% target in 2 days. Now I will get 50% of the $200 which is $100. So going forward to the next phase 4K account I have ZERO risk. Got my money back and still have a chance to scale up to a 324K account. {image}
Lol You're a wild one Expo... no way you're getting to 324k.
Prove me wrong please!!!
  • #3,224
  • Aug 27, 2021 3:20pm Aug 27, 2021 3:20pm
Quoting Takisd
{quote} Its also why some peopel defend them so freakin hard for no reason and ignored the giant red flags poking out of Ghaneys anus. Operating cost for FT is super high, tie that in with her fendi bags and private jet rental and its unlikely they are properly solvent.
Lmao Geez leave her anus out of this you pervert.
Cuck of a Husband probably reading this thread wondering what he did wrong to deserve this.

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  • #3,225
  • Aug 27, 2021 3:24pm Aug 27, 2021 3:24pm
Just a question to MFF. Do they have a larger hedge fund in the background who is backing the live accounts with enough capital, or how they can say they have live accounts and copy trades ? Therefore some more real money is needed.
  • #3,226
  • Aug 27, 2021 3:57pm Aug 27, 2021 3:57pm
Quoting Masterrmind
{quote} Your $200k MFF challenge is going well, almost there. Masterrmind .........
Hello Masterrmind,

you are doing really good on your evaluations of MFF. Would you mind talking about the reasons why you entered your trades, e.g. the last one or two on EU ?
  • #3,227
  • Aug 27, 2021 4:06pm Aug 27, 2021 4:06pm
Quoting QAndy
Just a question to MFF. Do they have a larger hedge fund in the background who is backing the live accounts with enough capital, or how they can say they have live accounts and copy trades ? Therefore some more real money is needed.

They have openly stated the following.

The owner has funding and has allocated the capital he has to the company an investor or two.
You don't need to match capital 1:1 to execute everyones trades as not everyone trades at the same time and can use margin/credit lines to cover anything else so long as you don't lose all the money.

Its basically the same way a broker works in the background, and having worked as a broker I can confirm its very much viable.

From my math, they'd need to supply about 75% of the total loss that could occur per account to be covered pretty effectively in margin which is like 9% of total account values.
  • #3,228
  • Aug 27, 2021 5:13pm Aug 27, 2021 5:13pm
Quoting endgame99
0Was wondering why so many youtube channels promote Funding Talent. And here is the answer. They give you $200 commission for $100K account sale. That is 32% and FTMO offers only 8% commission. With all the money FT has to pay to the affiliates, they have much less left for paying profitable traders. {image}
That kind of commission rate reeks of desperation. It might be debatable whether FT is a scam, but if anything else, this business continually displays symptoms of being severely undercapitalized.
  • #3,229
  • Aug 27, 2021 5:14pm Aug 27, 2021 5:14pm
Guys on 18th August, Jessica published the following announcement:

As a special thank you to our members, we will be allowing 100 members to try the program (New Blitz product) for free when it launches

Then today, I got an email from them which states (in part):

As a thank you to our members we will be giving away a $100 credit to 100 members when the program launches


can you spot the difference?
  • #3,230
  • Aug 27, 2021 5:14pm Aug 27, 2021 5:14pm
Quoting Takisd
{quote} They have openly stated the following. The owner has funding and has allocated the capital he has to the company an investor or two. You don't need to match capital 1:1 to execute everyones trades as not everyone trades at the same time and can use margin/credit lines to cover anything else so long as you don't lose all the money. Its basically the same way a broker works in the background, and having worked as a broker I can confirm its very much viable. From my math, they'd need to supply about 75% of the total loss that could occur per...
Once again, invaluable information. Your background and experience makes everything make sense, or, in the case of some companies, not make sense.
  • #3,231
  • Aug 27, 2021 6:20pm Aug 27, 2021 6:20pm
Quoting QAndy
{quote} Hello Masterrmind, you are doing really good on your evaluations of MFF. Would you mind talking about the reasons why you entered your trades, e.g. the last one or two on EU ?
I don't plan on elaborating on my trading strategy in any great detail however, I'm happy to summarize.

Fundamental analysis leading to a market direction (long or short a given symbol).

Technical entry off an M5 TF using MTF confluence.

Discretionary PA.

Impact news awareness.

Session time awareness regards to anticipated changes in market volatility.

Several other factors including the adding of volume into a biased direction on a given symbol and when to add volume when the trade is running with me or against me.

Risk control and trade management are critical.

EURUSD:

Chosen initially due to its tight spread, high liquidity and low to medium ADR when compared to others.

This means that when trading a leveraged position the trade is not as likely to get too far away from me when compared to say GJ or GN.

Once buffer profit has been accumulated then any symbol may be traded especially Gold and Silver (my favorite symbol).

EU longs were favored due to my bias surrounding the lead up to J hole symposium and longer term technical levels.

Quite often the longer term direction might be gauged correctly but you simply do not know how far price will pullback against you and how much DD your trade will endure meaning a lower leveraged position in the early stages of account building is considered smart practice.

Adding volume into a symbol deserves its own post but I may add volume when the trade is going well or when it's in DD (be very careful here) and by starting at low leveraged position size it affords me the luxury of adding into a trade that is going against me initially.

If I'm wrong and the market stops me out then it's a loss of say 1% per entry.

Then I repeat the process again from the beginning.

Plenty of other information could and should be added but I'll leave it at that for now since this is a thread about Prop Firm's not really how a given trader trades.

ps. keep a close watch on my TE where both good and bad examples will be shown, it might offer some help.

Good trading,

Masterrmind .........
Master your Mind then Master your Trades
  • #3,232
  • Aug 27, 2021 6:31pm Aug 27, 2021 6:31pm
day/ night /month/ year is made just with this review.
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  • #3,233
  • Aug 27, 2021 7:52pm Aug 27, 2021 7:52pm
This whole prop fund thing will break down very soon. These people dont have enough funds to pay each traders.
Allergic to bullshitters, never argue with fools
  • #3,234
  • Aug 27, 2021 8:03pm Aug 27, 2021 8:03pm
Quoting Muhammedfx
This whole prop fund thing will break down very soon. These people dont have enough funds to pay each traders.
Are you speaking of FT specifically? If so, I agree 100%. If you're speaking on the entire industry, that's a pretty bold statement without knowing the inner workings of each company. FTMO, MFF and the 5%ers are definitely executing trades in the market.
  • #3,235
  • Aug 27, 2021 8:14pm Aug 27, 2021 8:14pm
To me, regulation will step in eventually and rules will be made that will render most of the prop firms obsolete.

My question is; how will they adapt to change. Most of these prop firms are run by people who don't even know what trading is. Then anyone with a "group" is making a prop firm and then their group members are making a group and a prop firm so on so forth. Not many professional people exist in the industry right now and I highly doubt any of these amateur company owners will hire people who know more than them to get the job done because it comes with cost and less reckless spending (i'm looking at your ms ghaney). But even the most popular of groups online run illegal brokers (wickdontlie, daniel savage, lamboraul, Mr banks et al) are all breaking securities laws on a daily basis but still exist... soooo.... Could be a few years till any of this stuff comes to a head.

NB: Just because they are breaking securities laws, doesn't mean I hate them or something, but I do hate some of them.. actually I hate all but 1.. but was disgusted to find out he was pushing an illegal brokerage.
  • #3,236
  • Aug 28, 2021 12:37am Aug 28, 2021 12:37am
Quoting Koop
{quote} Lol You're a wild one Expo... no way you're getting to 324k. Prove me wrong please!!!
I agree.

I'll blow up faster than Jessica's jiggly cheeks but it will be fun free rolling from here on out.
Pride always comes before destruction.... -Proverbs 16:18
  • #3,237
  • Aug 28, 2021 4:50am Aug 28, 2021 4:50am
Quoting Muhammedfx
This whole prop fund thing will break down very soon. These people dont have enough funds to pay each traders.
What a poor guy..., but funny. They pay from profit made by traders... Do you understand?
  • #3,238
  • Aug 28, 2021 5:16am Aug 28, 2021 5:16am
I think Prop Firm's in the retail space will be around for many years to come.

From a traders perspective we only care that the firm we choose to play the game with stays around long enough to pay our profit.

If a firm closes down another opens up somewhere else.

If the laws in one country strangle their existence then there are more than 190 other countries where Prop Firms can start-up.

The internet makes anything possible.

ps. now where did I put that draft PF business plan

Masterrmind ........
Master your Mind then Master your Trades
  • #3,239
  • Aug 28, 2021 11:17am Aug 28, 2021 11:17am
Quoting Tim_isoara
{quote} What a poor guy..., but funny. They pay from profit made by traders... Do you understand?
Actually, they pay from a combination of revenue streams.......fees from failed challenges, volume from the LPs which they execute through and if they are a-booking MY trades, then yes profit from traders as well.
As far as the folks who have an issue that these firms profit from failed challenges. It really is no different than depositing money with a b-book broker (90% of them, 100% if you're in the USA) and losing your money. Actually, these folks lose WAAAAAAAAAAAAY more than a failed challenge fee.
  • #3,240
  • Aug 28, 2021 12:06pm Aug 28, 2021 12:06pm
There's been a Jessica sighting.
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Pride always comes before destruction.... -Proverbs 16:18
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