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  • #27,461
  • Dec 22, 2023 1:08pm Dec 22, 2023 1:08pm
Apex's first payment to me has been accepted and sent. Just waiting for it to hit my account. No more of my money at risk.
Slowly building accounts with Microlots and tiny scalps for small wins and small losses.
Up another $160 today on 3 challenge accounts and 1 PA.
Replikanto Copy Trader software for Ninjatrader is working perfectly coping trades with ATM's intact and I plan to buy it after next week as my 7 day trial ends this week.
Starting to think about a plan for obtaining some $300K accounts at the beginning of the new year.
I need to start doing some research to find the best way to form a US trading business that minimizes the taxation incurred by doing business as a Independent Contractor of Apex. Probably an LLC but do you guys have any insight?

Cheers
  • #27,462
  • Edited 3:08pm Dec 22, 2023 2:33pm | Edited 3:08pm
Quoting josh1111
I need to start doing some research to find the best way to form a US trading business that minimizes the taxation incurred by doing business as a Independent Contractor of Apex. Probably an LLC but do you guys have any insight? Cheers
I think you'd better stay focused on your trading and wait for at least 6 months of profitable trading before starting to think about it.
Don't give up on your dreams. Keep sleeping.
  • #27,463
  • Dec 23, 2023 3:20am Dec 23, 2023 3:20am
Quoting Artcool
I failed my $5k free ACG challenge in a couple of hours
Hi,

I'd like to say, there are instant funding prop firms that do not require challenges or with fewer steps, only one, but with lower profit share.

I don't know about why you failed, maybe next time reduce your lot size? Obviously if you hit the max or daily loss, then your account is terminated.

Have a good holiday break!
Trader: Hemen Eghvay
  • #27,464
  • Dec 23, 2023 8:07am Dec 23, 2023 8:07am
Quoting shiwen55
{quote} Hi, I'd like to say, there are instant funding prop firms that do not require challenges or with fewer steps, only one, but with lower profit share. I don't know about why you failed, maybe next time reduce your lot size? Obviously if you hit the max or daily loss, then your account is terminated. Have a good holiday break!
Thanks for your advice
Don't give up on your dreams. Keep sleeping.
  • #27,465
  • Dec 23, 2023 1:40pm Dec 23, 2023 1:40pm
Looks like consumate traders is rug pulling the same way leveledup did. Identical style and actions.
  • #27,466
  • Dec 23, 2023 2:54pm Dec 23, 2023 2:54pm
Quoting Takisd
Looks like consumate traders is rug pulling the same way leveledup did. Identical style and actions.
Never even heard of them. They are actually spawning prop firms quicker now than I can even keep track of.
  • #27,467
  • Dec 23, 2023 3:43pm Dec 23, 2023 3:43pm
Merry Christmas and New Year
Happy holiday amazing community
  • #27,468
  • Dec 23, 2023 3:48pm Dec 23, 2023 3:48pm
Quoting Takisd
Looks like consumate traders is rug pulling the same way leveledup did. Identical style and actions.
I'm usually a compassionate person (not really) but anyone who decides to use them deserves what they get. They offer nothing better than anyone else, have no reputation in the industry, and charge premium prices like FTMO.
Pride always comes before destruction.... -Proverbs 16:18
  • #27,469
  • Dec 23, 2023 9:17pm Dec 23, 2023 9:17pm
Quoting Takisd
Looks like consumate traders is rug pulling the same way leveledup did. Identical style and actions.
With a name like that, what else would you expect them to do to traders?
  • #27,470
  • Dec 23, 2023 10:18pm Dec 23, 2023 10:18pm
Quoting DwnUndrTrdr
All thoughts and opinions welcomed.
//-----

lot of long words there and we are but humble pirates.......


low risk..... low returns..... 0 blown funded accounts.....

speed kills.....h
to trade and code, keep both simple... no call to impress....h
  • #27,471
  • Dec 23, 2023 11:56pm Dec 23, 2023 11:56pm
Quoting Takisd
I would love to enlighten on this page, but a bunch of CFTC water-carriers are on here so its pointless to get into that discussion on the tiers of the judicial system and the probability of a guilty verdict. The burden of proof in an SRO hearing is dogshit. Getting a verdict at trial requires way more. Settlement is what the CFTC will want.
Absolutely no reason why you shouldn't start a new thread to discuss it to your hearts content. It would be good, however, if this thread could concentrate on discussing the various prop firms, their offers, rules etc.
  • #27,472
  • Dec 24, 2023 12:09am Dec 24, 2023 12:09am
Anyone received a payout from MFFx? Im due a wire and have set up my Rise account but it (The Rise account) has been in the "ID verification" stage for a week. Anyone else have the same issue?
  • #27,473
  • Dec 24, 2023 1:43am Dec 24, 2023 1:43am
Quoting Zuke
Anyone received a payout from MFFx? Im due a wire and have set up my Rise account but it (The Rise account) has been in the "ID verification" stage for a week. Anyone else have the same issue?
Yeah, 18 payouts in the last 6 months, they will pay.
Small lot sizes, big wins
  • #27,474
  • Dec 24, 2023 2:08am Dec 24, 2023 2:08am
Quoting Traderylt
{quote} Yeah, 18 payouts in the last 6 months, they will pay.
Thanks..I appreciate u replying
  • #27,475
  • Dec 24, 2023 7:42am Dec 24, 2023 7:42am
Looks like UWM are also choking on the payouts. Ban fest is happening. Easton rats jumping ship. More news at 11
  • #27,476
  • Dec 24, 2023 7:44am Dec 24, 2023 7:44am
I found a futures prop firm called Uprofit which offers interesting stages in evals. $30k account $1.5k profit target 2 contracts max 0 daily loss limit. $1k max loss ,no trailing DD either. At $196 per month. But the only program which offers it. The rest of their programs do have daily loss limits.
Apparently they hardly got discounts. Which is prolly why they havent been heard of so much. Might be a good sign that they do not do aggressive marketing to attract gamblers.

Also regarding Tradovate found another complaint about them 9 months ago using Propfirm Elite trader and Topstep. Someone on youtube apparently had issues with Tradovate order filling delays and errors which even prevented him for closing the order and thus broke the limits. Both Elitetrader funding and Topstep got affected but apparently EliteTrader funding did reset his account. No clue how Topstep reacted to the situation. But it shows from my own experience before Tradovate still got issues as I suspect was the case for ForexBali here lately too.

Inserted Video

2:35 mentions how tradovate was crashing and many had issues with it on Elitefunding discord. Also topstep was affected.

So for those using Tradovate, if you never had issues with them thats great. But this is just a notice for newbies to be aware. Since had issues myself many years ago and why i stopped using it. Just surprised I encountered this video and now hearing ForexBali lately also having issues. The weird part to me. Is why TopStep even offers Tradovate knowing these issues been around since years but I guess not that common the issues but very severe consequences when they do happen.
  • #27,477
  • Dec 24, 2023 8:07am Dec 24, 2023 8:07am
Quoting Zuke
Anyone received a payout from MFFx? Im due a wire and have set up my Rise account but it (The Rise account) has been in the "ID verification" stage for a week. Anyone else have the same issue?
I read somewhere (here or twitter) that Rise was brutally loaded with new users and ID was delaying more that what was supposed.
It was advised that people make the KYC upfront well before the payout date.
  • #27,478
  • Dec 24, 2023 8:08am Dec 24, 2023 8:08am
Quoting Takisd
Looks like UWM are also choking on the payouts. Ban fest is happening. Easton rats jumping ship. More news at 11
which one is that ? so much rubbish these days that I start to have difficulties in knowing all of them by initials
  • #27,479
  • Dec 24, 2023 9:21am Dec 24, 2023 9:21am
Quoting Capablanca
{quote} which one is that ? so much rubbish these days that I start to have difficulties in knowing all of them by initials
https://unionwealthsmanagement.com/
https://www.trustpilot.com/review/un...management.com
  • #27,480
  • Dec 24, 2023 9:38am Dec 24, 2023 9:38am
Quoting labu
Might be a good sign that they do not do aggressive marketing to attract gamblers.
-If the buy-in fees are needed for the payouts, wouldn't you want aggressive marketing that attracts gamblers?

Quoting labu
0 daily loss limit. $1k max loss ,no trailing DD either. At $196 per month.
-This is interesting. I like me some no daily with static max.
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