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  • #29,161
  • Feb 3, 2024 9:14pm Feb 3, 2024 9:14pm
Quoting montygoldy
Some news from myflashfunding {image}
they are reasonable, as i have seen.

good support service especially
Intraday only.
  • #29,162
  • Feb 3, 2024 9:14pm Feb 3, 2024 9:14pm
How do people journal multiple prop firms? How do they keep track P&L of multiple funded accounts and blown challenges?
  • #29,163
  • Feb 3, 2024 9:17pm Feb 3, 2024 9:17pm
Quoting sampat
How do people journal multiple prop firms? How do they keep track P&L of multiple funded accounts and blown challenges?
manual.. takes 5 mins a day
Extreme gut feeling trader
  • #29,164
  • Feb 3, 2024 9:25pm Feb 3, 2024 9:25pm
Quoting sampat
How do people journal multiple prop firms? How do they keep track P&L of multiple funded accounts and blown challenges?
Have opened real money account with Blueberry markets today
Intraday only.
  • #29,165
  • Feb 3, 2024 9:28pm Feb 3, 2024 9:28pm
Quoting sampat
How do people journal multiple prop firms? How do they keep track P&L of multiple funded accounts and blown challenges?
I’m running a copy trader (Traders Connect) to copy all my own trades from 5ers master to other slave prop firm accounts.
A snails pace wins the race :-)
  • #29,166
  • Feb 3, 2024 9:29pm Feb 3, 2024 9:29pm
Quoting montygoldy
{quote} manual.. takes 5 mins a day
Yea but my concern is calculating actual P&L. For example if a trader have 12 different accounts. If 3 of them makes money and 4 of them are blown and 5 of them under water. How do you do book keeping like actual P&L. Lets say if one funded account makes 5K and another takes 5K loss. Technically you are break even but actually you have lost only fees lets say 500$ so in real terms you are 4.5K up.
I have not included multiple running challenges.
If you dont use trade copier and scalp differently per account it becomes more complex.
  • #29,167
  • Feb 3, 2024 9:37pm Feb 3, 2024 9:37pm
Quoting montygoldy
Some news from myflashfunding {image}
Rise is
Drawdown is more important than Account Size !
  • #29,168
  • Feb 3, 2024 10:29pm Feb 3, 2024 10:29pm
Quoting sampat
How do people journal multiple prop firms? How do they keep track P&L of multiple funded accounts and blown challenges?
Portfolios on both FXBlue and myfxbook.
  • #29,169
  • Feb 3, 2024 11:21pm Feb 3, 2024 11:21pm
Quoting sampat
{quote} Yea but my concern is calculating actual P&L. For example if a trader have 12 different accounts. If 3 of them makes money and 4 of them are blown and 5 of them under water. How do you do book keeping like actual P&L. Lets say if one funded account makes 5K and another takes 5K loss. Technically you are break even but actually you have lost only fees lets say 500$ so in real terms you are 4.5K up. I have not included multiple running challenges. If you dont use trade copier and scalp differently per account it becomes more complex....
You can get services like tradezella or something i have seen big prop firm traders using it. For me pnl is only info i need as the days of journaling my trades are over way behind me…. so i like doing stuff by hand so i am able to maintain my excel sheet…which is handling 9 accounts simultaneously which includes challenges. Hardly takes 5mins a day
Extreme gut feeling trader
  • #29,170
  • Feb 4, 2024 12:31am Feb 4, 2024 12:31am
With all these Props going to Rise, it's just a matter of time before they start feeling the heat just like Deel did and dump all firms. They should be looking for not only a solution to the broker problem but also a solution that is going to happen with payouts down the road.
  • #29,171
  • Feb 4, 2024 12:58am Feb 4, 2024 12:58am
Quoting sampat
How do people journal multiple prop firms? How do they keep track P&L of multiple funded accounts and blown challenges?
I use a supercomputer to keep track of my blown challenges seen here:
Attached Image (click to enlarge)
Click to Enlarge Name: super.png Size: 202 KB


I like to keep track of my funded accounts manually in a notebook seen here:
Attached Image (click to enlarge)
Click to Enlarge Name: book.png Size: 244 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #29,172
  • Feb 4, 2024 2:10am Feb 4, 2024 2:10am
Quoting sampat
How do people journal multiple prop firms? How do they keep track P&L of multiple funded accounts and blown challenges?
Journal in your brain !!!
If you trading long enough
You will be fine
  • #29,173
  • Feb 4, 2024 3:23am Feb 4, 2024 3:23am
Quoting sampat
How do people journal multiple prop firms? How do they keep track P&L of multiple funded accounts and blown challenges?
Excel will do that.
I have a column for each prop and enter lines for each purchased challenge (value paid) and payout/refund received.
At the end of each column I have the P&L for each prop
I have a second spreadsheet where I track the blown challenges per prop and date (if that was in phase1, phase 2 or funded)
  • #29,174
  • Feb 4, 2024 3:29am Feb 4, 2024 3:29am
Quoting woody70
With all these Props going to Rise, it's just a matter of time before they start feeling the heat just like Deel did and dump all firms. They should be looking for not only a solution to the broker problem but also a solution that is going to happen with payouts down the road.
It's even worse than Deel for what I read in twitter (please note that I have not received any payout through rise yet, I just made verification there, so I have no real world experience yet).

For what I read if we use the same email for all accounts we can be reverse engineered and all prop are able to see what we received in total. It seems that the money goes first to some coins from Rise before being allocated to our account and that's visible in blockchain for whoever can see our address (which is also a problem for those that publish payout proofs).

I hope I'm not saying a complete stupidity. That's what I understood. I hope we have anyone here more aware who can clarify this.
  • #29,175
  • Feb 4, 2024 3:36am Feb 4, 2024 3:36am
People were praising rise for being blockchain based. But in my eyes that only will put a target on their back. Their service is awful as well, perhaps if they upped the service and got their set up right it can work but anything crypto the government has you in their sights.
  • #29,176
  • Feb 4, 2024 3:36am Feb 4, 2024 3:36am
BTW, good news and bad news.

The good news is that FXIFY is still paying. I got the payout last week, took 24 hours and no need to cry over their support. It seems they are now tracking the google form when there is a resubmission (resubmission is when people received previous payouts and reused the same google form because the link is always the same).

The bad news is that they don't pay attention when we enter a different crypto address. This is a recurrent problem in FXIFY. I tend to use a different (self) crypto address for each payout to avoid having people looking at how much I received in that address. However FXIFY is always sending money to the first address I used (except once).
Fortunately I have access to that address, otherwise would be a problem (just imagine if that was an exchange address and I had closed that account....)
  • #29,177
  • Feb 4, 2024 3:38am Feb 4, 2024 3:38am
Quoting Takisd
People were praising rise for being blockchain based. But in my eyes that only will put a target on their back. Their service is awful as well, perhaps if they upped the service and got their set up right it can work but anything crypto the government has you in their sights.
The positive of that (recorded in blockchain) is that props can't fabricate big payouts because that has to be there. No fake things allowed.

But I agree with you. All balanced, I think it's bad, unless we can have multiple addresses in Rise, which I don't know if that's possible.
  • #29,178
  • Feb 4, 2024 4:44am Feb 4, 2024 4:44am
Quoting Capablanca
{quote} The positive of that (recorded in blockchain) is that props can't fabricate big payouts because that has to be there. No fake things allowed. But I agree with you. All balanced, I think it's bad, unless we can have multiple addresses in Rise, which I don't know if that's possible.
agreed.
  • #29,179
  • Feb 4, 2024 5:12am Feb 4, 2024 5:12am
Quoting Desbinary
{quote} Hello Advice777; I trust you are well. If I may respectfully state, without any ambiguity, most, if not all of your comments in your post resonates deeply with numerous fully discretionary traders who have crossed the Final Trader metamorphosis from Conscious Competence, where one needs external validation and heaps of praise to Unconscious Competence where the individual quietly gets along with their trading whilst taking in developments on the periphery which require shock absorption & agility. All the same, whilst your comments are well...
Who is this guy? who are you? you have really taken time to explain this. Kudoos
Someone ask me in the chart why i wanted to earn an extra commission because he/she has seen me posted several withdrawals of 100's of thousand dollars last year, when i saw that question i laughed in my mind but because am not so good at explaining i just gave a little response and left.

For me trying to get a pie of the Prop industry is not only about the 5k profits i can get in 10 places(10 of them) but is also about conquering
and winning in the Prop Space too.
After all it won't cost me anything but just a copy EA(which am already using for my other real accounts) and some 500 bucks,
meanwhile i can get 50k and that extra 50k can get me a vacation or i can give it a way to other good works while knowing is not directly from my pocket. Cheers....
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #29,180
  • Feb 4, 2024 5:58am Feb 4, 2024 5:58am
Apparently FCFF after scamming everyone for a year, has started to send some payouts out. Some people reporting their 11 months old payout requests got paid the last few days.
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