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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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  • #27,561
  • Dec 28, 2023 5:43am Dec 28, 2023 5:43am
Quoting Takisd
the 5ers bootcamp is such a shit program you could pay me to take it and I wouldn't due to the time wastage.

shit cus you have thousands in your account

i got a DM from X app user asking me to buy for him , just 1$

some people dont have anything so is such an opportunity, it might be a breakout for anyone..
MY OPINION NOT FINANCIAL ADVISE
  • #27,562
  • Dec 28, 2023 7:23am Dec 28, 2023 7:23am
Quoting maltrader
For people trading on FTMO here, what's your usual lot size? I recently traded 10 lots XAUUSD, 20 lots USDJPY, and 20 lots US30 and got an email saying I'm a one sided trader. This is on a funded swing account, so it's still within the 1:30 leverage. I guess it's risky behaviour and I really shouldn't trade such large lots but I thought anything within the margins was OK since it's a swing account. Apparently not.
Would you be willing to show us what the email said exactly in its entirety? Please and thank you.
  • #27,563
  • Dec 28, 2023 8:23am Dec 28, 2023 8:23am
Quoting fx_rookie
{quote} Help? hah, I am quite sure it is not about helping anyone, but a marketing strategy. Just like every other business they are targeting new clients and want rising market share.
A slow month perhaps? Dumb style of business to only charge $1.
  • #27,564
  • Dec 28, 2023 11:43am Dec 28, 2023 11:43am
Quoting donfriday
{quote} shit cus you have thousands in your account i got a DM from X app user asking me to buy for him , just 1$ some people dont have anything so is such an opportunity, it might be a breakout for anyone..
The odds are so heavily stacked against anyone even if its free. So even if you do perform charity, it is severely unlikely that donating $1 is worthy of the cause.
  • #27,565
  • Dec 28, 2023 12:45pm Dec 28, 2023 12:45pm
Quoting Takisd
{quote} The odds are so heavily stacked against anyone even if its free. So even if you do perform charity, it is severely unlikely that donating $1 is worthy of the cause.

I Really dont need it but i still got it cus i have credit in my hub for free ..

i will trade it and see how it goes ,


its 1$ that worth so much for who can have patience ...

Bootcamp is not for every trader
MY OPINION NOT FINANCIAL ADVISE
  • #27,566
  • Dec 28, 2023 2:27pm Dec 28, 2023 2:27pm
Quoting hayseed
{quote} //------ my thoughts will likely be of no value to you...... and will be the polar opposite to most...... as for risk...... all my funded accounts are 100k..... my goal is 200$ per day..... have never blown a funded account and odds of me doing so are almost 0..... that's low risk.... as for large number of accounts....... don't underestimate how difficult it is trading multiple prop accounts at the same time..... multiple brokers/providers , multiple account sizes, multiple symbols, symbol specs and rules ....... it will burn your mind.........
maybe a good idea like this . so you will have smaller wins and be under the radar. you earn then same like anyone in normal office job and so they dont want search tricks to kick you out of the props. nothing to earn big, just different style for a work job with more or less hours , depends on experience.
  • #27,567
  • Dec 28, 2023 3:29pm Dec 28, 2023 3:29pm
Quoting hayseed
{quote} //------ my thoughts will likely be of no value to you...... and will be the polar opposite to most...... as for risk...... all my funded accounts are 100k..... my goal is 200$ per day..... have never blown a funded account and odds of me doing so are almost 0..... that's low risk.... as for large number of accounts....... don't underestimate how difficult it is trading multiple prop accounts at the same time..... multiple brokers/providers , multiple account sizes, multiple symbols, symbol specs and rules ....... it will burn your mind.........
Same way I do it.........many benefits here, first and foremost, never blow a live account. However, you also give no opportunity to ban you or deny payouts......small payouts, no excessive risk....grind out 0.1% daily, 0.5% weekly. Key is reinvest and scale with more accounts.....0.5% weekly on a million is about quater mil a year......3-4 times what an average 9-5 pays.
  • #27,568
  • Dec 28, 2023 4:27pm Dec 28, 2023 4:27pm
Quoting hayseed
{quote} //------ my thoughts will likely be of no value to you...... and will be the polar opposite to most...... as for risk...... all my funded accounts are 100k..... my goal is 200$ per day..... have never blown a funded account and odds of me doing so are almost 0..... that's low risk.... as for large number of accounts....... don't underestimate how difficult it is trading multiple prop accounts at the same time..... multiple brokers/providers , multiple account sizes, multiple symbols, symbol specs and rules ....... it will burn your mind.........
Prioritizing low risk and aiming for consistent, moderate gains is wise and sustainable
  • #27,569
  • Dec 28, 2023 5:28pm Dec 28, 2023 5:28pm
Quoting Capablanca
{quote} The problem with LTC (or any non stable coin) is the risk of fluctuation. Between the moment that we request a payout to the moment we really receive it and convert it into fiat we may lose (or win) 1% or much more. In something like a 5000 payout it may be +/- 50. I feel ripped off when I make transfers in ETH network (USDC/USDT) but balancing everything I still prefer the stability of the USDC/USDT. No right or wrong here, just personal preference.
I was talking about purchases (not withdrawals) because it seems that he talked about that. (perhaps I didn't understand what he said)
Regarding the withdrawals, yes USDT/USDC is safer (but as I said, in the case it's possible, you have to considere the way Prop ---> Riseworks ---> Binance with exactly 0 fees)
  • #27,570
  • Dec 28, 2023 8:28pm Dec 28, 2023 8:28pm
Tried to buy the 5ers $1 20K Bootcamp thingy (you know I can't resist) but it wouldn't let me get to the payment processing page.

A message popped up saying, "oops, something went wrong on our end" and "sorry, we pulled an Alpha Capital Group"

No worries I just went to chat support and its says, "sorry we're not available"

Well played 5ers, well played.
Pride always comes before destruction.... -Proverbs 16:18
  • #27,571
  • Dec 28, 2023 8:37pm Dec 28, 2023 8:37pm
Quoting TrAndy1
{quote} I hope with that personal offense on this special Christmas day, that you get suspended. You violated rules in multiple times with personal offense against me and with politics in just one sentence. I have it reported. Already ignored you long time ago but now I take further actions until you are suspended from this forum!
Just to update everyone on diaper dandy Andy's case against me.
Attached Image (click to enlarge)
Click to Enlarge Name: twee.png Size: 124 KB


And the response from the Forex Factory disciplinary committee
Attached Image


Sorry Andy, time for a diaper change and a new binky.
Pride always comes before destruction.... -Proverbs 16:18
  • #27,572
  • Dec 28, 2023 11:20pm Dec 28, 2023 11:20pm
Quoting Expo33
Tried to buy the 5ers $1 20K Bootcamp thingy (you know I can't resist) but it wouldn't let me get to the payment processing page. A message popped up saying, "oops, something went wrong on our end" and "sorry, we pulled an Alpha Capital Group" No worries I just went to chat support and its says, "sorry we're not available" Well played 5ers, well played.
"Given the incredible amount of registrations, we are adding a new server to the system.
This will take a few hours, and until then, new registrations are not being processed.
We will update you on social and support channels once registrations are open again.
The promotion will run for 3 more days, making sure everyone can get an account. So don't worry!
High 5!"

I tried a few times intermittently throughout the day and got the same error every time. I'll try again tomorrow or this weekend when the new server is online. I never buy 3 stage accounts, but for $1... why not? I already have a High Stakes account anyway. ;-)
  • #27,573
  • Dec 28, 2023 11:49pm Dec 28, 2023 11:49pm
Quoting AaronPriest
{quote} "Given the incredible amount of registrations, we are adding a new server to the system. This will take a few hours, and until then, new registrations are not being processed. We will update you on social and support channels once registrations are open again. The promotion will run for 3 more days, making sure everyone can get an account. So don't worry! High 5!" I tried a few times intermittently throughout the day and got the same error every time. I'll try again tomorrow or this weekend when the new server is online. I never buy 3 stage...
Thx for the info.
Pride always comes before destruction.... -Proverbs 16:18
  • #27,574
  • Dec 29, 2023 12:19am Dec 29, 2023 12:19am
Quoting Nehemah
{quote} I was talking about purchases (not withdrawals) because it seems that he talked about that. (perhaps I didn't understand what he said) Regarding the withdrawals, yes USDT/USDC is safer (but as I said, in the case it's possible, you have to considere the way Prop ---> Riseworks ---> Binance with exactly 0 fees)
Very good points, I may have misundestood.

Btw, I never purchase with crypto. In the case that some props goes under I may still be able to recover something from credit card.

For withdraws that depends on the props. Blue, FXIFY, 5ers they support the gas fees and pay the entire amount. TFF, on the other side, charges a lot for crypto payouts (last time more than 100 USD for a 3500 payout, which is not gas fees, it's theft).

And, yes, I use only self custody addresses instead of exchanges (because then I deposit from self custody to personal offshore brokers), so that's why I'm so flogged with gas fee. But you're right. If I used exchanges that would be much better. Good to know about Rise. Deel charged a lot to transfer to Binance or Coinbase.
  • #27,575
  • Dec 29, 2023 2:06am Dec 29, 2023 2:06am
Quoting AaronPriest
{quote} "Given the incredible amount of registrations, we are adding a new server to the system. This will take a few hours, and until then, new registrations are not being processed. We will update you on social and support channels once registrations are open again. The promotion will run for 3 more days, making sure everyone can get an account. So don't worry! High 5!" I tried a few times intermittently throughout the day and got the same error every time. I'll try again tomorrow or this weekend when the new server is online. I never buy 3 stage...
Just an hour ago, I managed to get through after a few attempts. However, I haven't received the login credentials yet.
Success = Practice + Patience + Persistence
  • #27,576
  • Dec 29, 2023 2:30am Dec 29, 2023 2:30am
Just some spare comments about recent payouts (in the last 2 months).

TFF is still taking the same time than before. Two or three years passed and they don't want to improve anything. They pay in the same day but credentials for the next account are only sent on mid afternoon of the next day. So we can't trade during 2 days making the cycles 16 days and not 14. Payouts by crypto are deducted by a very high commission (it's really theft, like 100 USD for a 3500 payout, for example)

Blue is taking 48 hours to pay. During that time we can't trade, which makes them as bad as TFF. At least they don't charge anything for crypto payouts.

FXIFY paid in 24 hours. Surprisingly I didn't have to cry in Telegram to receive it. I hope they have finally organized themselves to detect when someone already received a payout and reused the payout form to submit a new payout request.

5ers paid in 24 hours and allows us to keep trading immediately. They were very slow in first payouts, a bit more than 48 hours, now seems faster. A note in 5ers: payouts above 5K are not done by crypto, only through bank wire, so if you want crypto keep it under 5K.

Alpha continues to be the champion of quick payouts. A couple of hours and the money is the the bank account. Unfortunately they don't have crypto payouts (at least where bank wire is available). A pity that their scaling program is so bad, one of the worse around, demanding that we have 10% in the account to scale (although then we can withdraw it). And that portal if something absolutely terrible.
  • #27,577
  • Dec 29, 2023 4:17am Dec 29, 2023 4:17am
"The5ers $1 Bootcamp Sale is SOLD OUT!

We're speechless at your incredible enthusiasm! In under 24 hours, over 75,000 new accounts joined the party!

HUGE thanks to everyone who participated and showed us your trust! We're so sorry to the thousands who missed out, but stay tuned because...

2024 is gonna be EPIC! Get ready for even more amazing promotions and valuable goodies coming your way.

High 5 to all our awesome new The5ers! "

They were saying to just wait you have 3 more days to register "they are adding new servers". And now they pull the plug. And they do this again and again and again. Remember the Freestyle? They changed the parameters during the challenge when they realized too many people are passing, and then they cancelled it altogther. And that wasn't the first time they did shady shit like that. Remember when Bootcamp was only 2-phase not 3?

I'm only posting this for posterity to show how shady the 5ers are. I was actually going to purchase a 2-step challenge in January but no way I'm ever going to give them money after they keep repeating the same shit.

Plus this one doesn't even make any sense: they say they sold 75k accounts and I bet not a single one will pass, so why not keep raking in the dollar bills? 6% target with 5% DD trice? That's 120% and another 120% and then another 120%. And then you have to make 5% with 4% DD which is 125%, so you made 2396% profit and you'll get a 50% split. I mean for $1 you make 2396% and you'll receive $500, sure math checks out. Or you could just save up $20 put it in your own account (much lower counterparty risk, no regulatory risk, get a lot more leverage than 1:10, no need to put 2% SL on every trade, etc.), do the same 4 steps and you'll get the $500. But now the Bootcamp is 100k account for $300? If you passed all 4 stages you'd have $7200 on your own account and with the 5ers you get $2500. Just wow.
  • #27,578
  • Dec 29, 2023 6:20am Dec 29, 2023 6:20am
Quoting Capablanca
{quote} Good to know about Rise. Deel charged a lot to transfer to Binance or Coinbase.
You have to choose the layer 2 Arbitrum (with USDC) to get 0 fees. Other crypto options (the entire ERC20 classic range for example) may result in significant costs, as usual.
  • #27,579
  • Dec 29, 2023 7:08am Dec 29, 2023 7:08am
Quoting noox
"The5ers $1 Bootcamp Sale is SOLD OUT! We're speechless at your incredible enthusiasm! In under 24 hours, over 75,000 new accounts joined the party! HUGE thanks to everyone who participated and showed us your trust! We're so sorry to the thousands who missed out, but stay tuned because... 2024 is gonna be EPIC! Get ready for even more amazing promotions and valuable goodies coming your way. High 5 to all our awesome new The5ers! " They were saying to just wait you have 3 more days to register "they are adding new servers". And now they pull the...
I just woke up to this message. I'm ticked off now. Not that I didn't get a Bootcamp account, but that they made a promise and reneged on it in less than 8hrs. That's just unprofessional.
  • #27,580
  • Dec 29, 2023 8:10am Dec 29, 2023 8:10am
Update:
First Apex payment hit my bank yesterday.
Looking forward to many more this year.
Remaining accounts down $400 this week.
Blew one more challenge trying to rush it.
Got Ninjatrader working again after two days of BS.
Cheers
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