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  • #24,381
  • Oct 19, 2023 12:33pm Oct 19, 2023 12:33pm
Quoting TrAndy1
Another thing is, that the prop firm as business company working with customers is also in duty to documentate all things also within a legal framework which is given from the country its laws. So in case they do so, the regulators have everything they need in black and white well documentated and sorted. In case the prop firm have not done proper documentation this again can be fined too. I do not think every prop firm has a compliance offer and all the other stuff to do all bookkeeping and documentation I guess. But in case they do so, they are...
for prop a risky trading style is all by what you win by luck ! so they need you to pay but did not get money back when you lose (like a b book broker).
so any risky strategy is total by luck with result for them and makes all total risky. even biggest losers (over time) can over a month get extrem wins, thats what is worst nightmare of a prop. winning short term is total easy, if you do it in a reset account and dont need to pay for the loss, so of course they cant allow to happen often (or they need pay out more money then they get in ).
  • #24,382
  • Oct 19, 2023 12:35pm Oct 19, 2023 12:35pm
Quoting TrAndy1
All the websites of the prop firms, all of them no exception even on FTMO, make only sense in their marketing purpose if that is true what they say. So as conclusion some significant amount of trades must be copied or A-booked by the prop firm to make their website content valid, or they are subject to a bigger fraud cause. All the rules they have in place only make sense when there is real money behind or at least some trades copied to the real market (but not that 99.9% of all trades are b-booked only). That would not certify any of their rules...
they write inside they will copy trades by their own decision, so doing total no copy trades (like all do) is inside this rule too. of course they dont copy, thats only to make it look less like a trading game. thats all about, how to let a trading game let look like its not a trading game. they cant fool a lot, but the unexperienced traders can fall for this and thats enough, there are many of this beginners and advanced beginners who dont know about trading and how its structured and work, then they can believe such marketing words.
  • #24,383
  • Edited 2:26pm Oct 19, 2023 1:31pm | Edited 2:26pm
www.fairpropreviewer.com

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  • #24,384
  • Oct 19, 2023 1:49pm Oct 19, 2023 1:49pm
Bespoke, angelo, rizdom all these clowns will be gone soon.
  • #24,385
  • Oct 19, 2023 3:15pm Oct 19, 2023 3:15pm
Quoting Stoneyrocks
www.fairpropreviewer.com {image} {image}
thanks
  • #24,386
  • Oct 19, 2023 3:46pm Oct 19, 2023 3:46pm
Hi all. Are any of you here still happy with your current prop firms, I have been reading here for a long time, and now the comments are all over the place.
I understand the shit going down, with the current situation MFF etc.
Those of you that have prop accounts and been around this game for a while, is it worth the effort for those of us that must trade with care ( meaning It's not something I would pass in a few days a prop trial) to carry on in this prop industry.I would be happy with a few 50 k accounts,and happy to gain after passing trials around 5% a mth ,that would be rather easy for me,Trade light relative to account size bla bla etc etc .My question is for those of you that would please give me some feedback.Knowing what you are up against now, would you start over again to pass trials to make some kind of income ?.. I will apologise for any incorrect spelling or punctuation I have a degree of dyslexia.Thank you.
  • #24,387
  • Oct 19, 2023 4:13pm Oct 19, 2023 4:13pm
Quoting Vitore
{quote} https://t.me/c/1238535538/51175
Hey. I can’t access the link. I am no member of his group.

I found a document describing the mentioned school run strategy. There’s also an „advanced“ version of it. I will try to have a look at both these strategies over the weekend.

The breakout strategy using a fixed SL/TP generally would suit me because it looks to be as mechanical and clear in its rules as it gets.

For sure a simple strategy, easy enough for me to execute and follow, doesn’t help if it’s not effective enough to achieve the results I am looking for.

To all others trying to help and still do, thank you and have a great weekend!

Cheers!
  • #24,388
  • Edited 6:07pm Oct 19, 2023 5:01pm | Edited 6:07pm
Quoting Htmrw
Hi all. Are any of you here still happy with your current prop firms, I have been reading here for a long time, and now the comments are all over the place. I understand the shit going down, with the current situation MFF etc. Those of you that have prop accounts and been around this game for a while, is it worth the effort for those of us that must trade with care ( meaning It's not something I would pass in a few days a prop trial) to carry on in this prop industry.I would be happy with a few 50 k accounts,and happy to gain after passing trials...
I'm currently 400K with FTMO since last year, 200K TFF & working on 100K 5%ers.... I still have E8 & TFT accounts, but I would not take new challenges with either one.

Only firms that can be trusted to payout 10-25% on max funding are FTMO & 5%ers.. I don't trust anyone else w/ >10K payouts... choose your nax account size with smaller props wisely... will they pay if you make 10%?
  • #24,389
  • Oct 19, 2023 8:09pm Oct 19, 2023 8:09pm
Quoting CableJ
{quote} I'm currently 400K with FTMO since last year, 200K TFF & working on 100K 5%ers.... I still have E8 & TFT accounts, but I would not take new challenges with either one. Only firms that can be trusted to payout 10-25% on max funding are FTMO & 5%ers.. I don't trust anyone else w/ >10K payouts... choose your nax account size with smaller props wisely... will they pay if you make 10%?
how much % you took out so far with FTMO and TFF ?
  • #24,390
  • Oct 19, 2023 10:19pm Oct 19, 2023 10:19pm
Quoting Stoneyrocks
{quote} how much % you took out so far with FTMO and TFF ?
2022 21% + 2023 8% after spits

MFF (600K) 2022 24% + 10% up to shutdown
  • #24,391
  • Oct 20, 2023 12:39am Oct 20, 2023 12:39am
Quoting TrAndy1
{quote} I think so too, that I read this in every T&C of any prop, that they reserve the right to terminate the contract to any time. So I got paid and then they terminated. It looks okay from their T&Cs, how could I complain on that ? (That they are in duty to give me my funded accounts for unlimited time & payout me unlimited times too?)
I thought they said you violated but then could not substantiate what exactly you violated ? That would be sufficient grounds IMO
  • #24,392
  • Oct 20, 2023 1:36am Oct 20, 2023 1:36am
Quoting Takisd
Bespoke, angelo, rizdom all these clowns will be gone soon.
Is Matt and Dylan still resisting for a while more ? Being american I'm surprised that there are no news yet about missed payouts.
  • #24,393
  • Oct 20, 2023 2:58am Oct 20, 2023 2:58am
Quoting Capablanca
{quote} Is Matt and Dylan still resisting for a while more ? Being american I'm surprised that there are no news yet about missed payouts.
Dylan is e8 right?

Matt i dno, from what i am told he has 1 month reserve funds. His staff have left (see dex, his old COO has since left MFFX). But I guess coming soon.tm probably december.
  • #24,394
  • Oct 20, 2023 3:41am Oct 20, 2023 3:41am
Quoting lddd
{quote} Hey. I can’t access the link. I am no member of his group. I found a document describing the mentioned school run strategy. There’s also an „advanced“ version of it. I will try to have a look at both these strategies over the weekend. The breakout strategy using a fixed SL/TP generally would suit me because it looks to be as mechanical and clear in its rules as it gets. For sure a simple strategy, easy enough for me to execute and follow, doesn’t help if it’s not effective enough to achieve the results I am looking for. To all others trying...
request the access to his channel here: https://tradertom.com/live-trading/#anchor-signals
I don't know how good or bad his strategy is as I don't trade DAX but the trades it every day online on his channel and seem to be profitable as a trader overall (for several years) but a lot is achieved by his money management
I would definitely look at his trading first or at least read his previous trading days on the channel
Money is made by sitting, not trading
  • #24,395
  • Oct 20, 2023 4:39am Oct 20, 2023 4:39am
Its coming.
https://www.financemagnates.com/fore...ders-in-limbo/
  • #24,396
  • Oct 20, 2023 4:56am Oct 20, 2023 4:56am
Which 13 prop firms are affected by this ?

"Easton Consulting Technologies is the shadow company allegedly running more than 13 prop trading platforms, including Rocket 21. It is a limited liability company registered in Florida in 2021, and is run by Angelo Ciaramello as CEO (also a Co-Founder) and Carlos Rico-Ospina as a Managing partner. "

->LUS, SkilledFundedtrader, Rocket21.....?
  • #24,397
  • Oct 20, 2023 5:03am Oct 20, 2023 5:03am
Quoting TrAndy1
Which 13 prop firms are affected by this ? "Easton Consulting Technologies is the shadow company allegedly running more than 13 prop trading platforms, including Rocket 21. It is a limited liability company registered in Florida in 2021, and is run by Angelo Ciaramello as CEO (also a Co-Founder) and Carlos Rico-Ospina as a Managing partner. " ->LUS, SkilledFundedtrader, Rocket21.....?
Thefundedtrader theres i think 2 ones in africa. but I am not sure exactly. TFT is the biggest of them. Secure the bag was one as well.
  • #24,398
  • Oct 20, 2023 6:37am Oct 20, 2023 6:37am
Did FTMO or 5ers ever do a discount on christmas? Never saw a one from them.
I thought of buying a 100k account in november but if they do in that case might as well just wait and start it in january, no rush.
  • #24,399
  • Oct 20, 2023 7:30am Oct 20, 2023 7:30am
Quoting Tobiazzek
Did FTMO or 5ers ever do a discount on christmas? Never saw a one from them. I thought of buying a 100k account in november but if they do in that case might as well just wait and start it in january, no rush.
On Christmas probably not but it might be on Black Friday end of November. If not on Black Friday then very rarely or at no time any discounts.
  • #24,400
  • Oct 20, 2023 7:33am Oct 20, 2023 7:33am
Quoting TrAndy1
{quote} On Christmas probably not but it might be on Black Friday end of November. If not on Black Friday then very rarely or at no time any discounts.
Question is.....Will you earn more money in the 2 months waiting for a sale to save $20-$30? You could be funded and earning by then......just sayin'
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