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  • #29,461
  • Feb 6, 2024 12:56pm Feb 6, 2024 12:56pm
UPdate time;

1. Good day passed phase 1 on myflashfunding 200k was 4% down today and made a comeback and gained extra 6%.
2. ALpha Capital waiting for funded account 200K.
3. Myflashfunding 200k FUNDED ACCOUNT - Payout balance 28k (made too much for the first payout).
4. Lost both 200k x 2 blueguardian challenges

20k a.k.a 10% gain with controlled risk
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Extreme gut feeling trader
  • #29,462
  • Feb 6, 2024 1:06pm Feb 6, 2024 1:06pm
Quoting pipmaster77
https://the5ers.com/8th-anniversary/
-Careful... you might be accused of colluding with the 5er's now.

I remember how some members would accuse people here of working with MFF because we were always singing their praises. It's funny how even when you are trying to do good and help others, some people will still see it as a bad thing.
  • #29,463
  • Feb 6, 2024 1:14pm Feb 6, 2024 1:14pm
Quoting CableJ
Realistically, I think 20-30K would work for FTMO & TFT but it's way too high for firms like e8 or my flash.
-Another thing to keep in mind is that you would not want the cap to be too low, else many traders that would normally blow their account, could get 'locked-in' and receive a payout. So it would need to be reasonable but not too easy. Again, keeping in mind how many traders will actually reach that level, based on statistics.

You could also have some kind of model that allowed traders to continue trading beyond their monthly cap, and if they reach x% on the account, then they could receive double. So, for example, 15k cap, but if you reach 50k on the account, then you can be paid 30k. I would bet that some traders would try to go for it and end up going bust.
  • #29,464
  • Feb 6, 2024 1:15pm Feb 6, 2024 1:15pm
Quoting Nsak3y
{quote}-Careful... you might be accused of colluding with the 5er's now. I remember how some members would accuse people here of working with MFF because we were always singing their praises. It's funny how even when you are trying to do good and help others, some people will still see it as a bad thing.
It is known that most of the people here were in MFF payroll and now, poor unemployed folks, they just sold themselves to 5ers. I think we should have already founded an union.
  • #29,465
  • Feb 6, 2024 1:17pm Feb 6, 2024 1:17pm
Quoting montygoldy
UPdate time; 1. Good day passed phase 1 on myflashfunding 200k was 4% down today and made a comeback and gained extra 6%. 2. ALpha Capital waiting for funded account 200K. 3. Myflashfunding 200k FUNDED ACCOUNT - Payout balance 28k (made too much for the first payout). 4. Lost both 200k x 2 blueguardian challenges 20k a.k.a 10% gain with controlled risk {image} {image}
Very nice curve! I would be trembling with a 28K payout in Sean's hands.
  • #29,466
  • Feb 6, 2024 1:35pm Feb 6, 2024 1:35pm
Quoting Capablanca
{quote} Very nice curve! I would be trembling with a 28K payout in Sean's hands.
now i am feeling the same ..... but the setups today were too good to miss.. i wish if i had the alpha capital funded account would have made 5% -7% on it today alone.... Then i remeber in discord payout Sean posted the biggest payout of 33k which gave me a pinch of relief.... if i get this withdrawal on friday....it'll fund atleast 2 million worth of challenges and half of it goes to my personal Build a 200k account in 2024...

Btw now i am feeling the potential of prop firms. I mean converted 700$ to 24k (my cut) in 3 weeks without even risking too much. If i have to simply make 700$ to 24k it'll require mother load of luck to achieve in 3 weeks with each trade whole account be on the LINE.
Extreme gut feeling trader
  • #29,467
  • Feb 6, 2024 1:38pm Feb 6, 2024 1:38pm
Quoting Nsak3y
{quote}-Careful... you might be accused of colluding with the 5er's now. I remember how some members would accuse people here of working with MFF because we were always singing their praises. It's funny how even when you are trying to do good and help others, some people will still see it as a bad thing.
I know right.......no affiliate link, just an FYI.
  • #29,468
  • Feb 6, 2024 1:45pm Feb 6, 2024 1:45pm
Quoting montygoldy
{quote} now i am feeling the same ..... but the setups today were too good to miss.. i wish if i had the alpha capital funded account would have made 5% -7% on it today alone.... Then i remeber in discord payout Sean posted the biggest payout of 33k which gave me a pinch of relief.... if i get this withdrawal on friday....it'll fund atleast 2 million worth of challenges and half of it goes to my personal Build a 200k account in 2024... Btw now i am feeling the potential of prop firms. I mean converted 700$ to 24k (my cut) in 3 weeks without even...
Yes, unfortunately, no matter the amount of explaining, some just do not see the accelerated path prop firms provide.
  • #29,469
  • Feb 6, 2024 1:50pm Feb 6, 2024 1:50pm
Quoting yab
{quote} what is your experience with them
I have not had any problems with them, I’ve been trading index futures for the past 3-4 years so it’s been fairly easy. If you’re not accustomed to trading futures then there will be a learning curve.
Trade with confidence, trade without fear.
  • #29,470
  • Feb 6, 2024 1:53pm Feb 6, 2024 1:53pm
Quoting pipmaster77
Yes, unfortunately, no matter the amount of explaining, some just do not see the accelerated path prop firms provide.
-Accelerated path is the key. Although, there are probably some that treat props as a permanent or final solution, which is not something that I would personally advise.
  • #29,471
  • Feb 6, 2024 2:15pm Feb 6, 2024 2:15pm
Quoting pipmaster77
{quote} I think there would be demand for it. It will actually attract traders. I often wonder what% of folks taking prop firm evals have less than 3-6 months trading experience? 1-2 years?, etc. Obviously, as a business that is the customer they are looking for. Now imagine a model, where it is actually beneficial to the trader and the firm, a true "When you win, we win" model. I believe a firm that introduces this would literally dominate the space.
Hello Pipmaster77;

I trust you're well.

The basis for your supposition to hold true would be that the company concerned actually has the intention to engage with individuals who have an intrinsic & in-depth understanding of market structure and have the inherent ability to execute orders in a manner so as to generate a consistent & smoothed out equity curve with positive expectancy.

As you correctly pointed out, there's not too many of such individuals who are signing up onto these companies databases however there certainly are Traders who can & will execute with lazer accuracy if permitted the opportunity to showcase their ability. FF by itself has a rich database of some Traders who will truly shoot the lights out if presented such an opportunity to showcase their talent.

In my view, the ultimate sounding board to gauge a company who is seeking to collaborate with accurate and consistent traders will be one which doesn't have the normal fee structure.

One could understand a basic admin fee in order to ensure database management of similar operational costs but their income projections should be based on extrapolation of the Trader's numbers i.e. SQN, ROMAD, RRR Multiples, Position Sizing Strategy & perhaps how the Trader manages open orders with the ability to take partials of the table at inflection points whilst possessing the mental strength to Ride at least 25%-30% of the original not scaled in portion all the way to the W1 or MN exhaustion points.

Eg. Opening a Long Order On Cable today, taking partials off at the 2018 HWM around 1.45 & then scale in at the RTV to around 1.37 & then hold until the 2008 MN Deathline of 1.78 & manage it as it evolves from there.

If there's a retail prop who invites Traders to onboard by providing a Trading History, regardless how small the trading account is but they're willing to assess the accuracy and apply scalability projections or even if they invite prospective traders to trade a demo account & then examine their stats before putting them on a "probationary" trial to gauge their Trading that would be another indicator of a company who is serious about copying trades.

Like You, I would be keen to see and & when such a Value Proposition becomes available however I am wary that it's somewhat a pipe-dream at the same time since the current model is wholly dependent on large numbers of individuals who think they're trading whilst they're not doing anything remotely close to Trading.

Wishing you a pleasant day ahead.
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #29,472
  • Feb 6, 2024 2:50pm Feb 6, 2024 2:50pm
Quoting Desbinary
In my view, the ultimate sounding board to gauge a company who is seeking to collaborate with accurate and consistent traders will be one which doesn't have the normal fee structure. One could understand a basic admin fee in order to ensure database management of similar operational costs but their income projections should be based on extrapolation of the Trader's numbers
-Yes. This has also been discussed, for sure. It is essentially equivalent to a traditional prop firm. I think that most traders concede to the fact that these remote prop firms rely on our 'buy-in' fee to feed the business; they set unreasonable profit targets with tight draw-down allowances to try to trip traders up. We accept this trade-off because:

1. Allows us to trade without a license or any special requirements.
2. Allows us to trade from anywhere we want, in lieu of a daily commute.
3. Allows us to become funded very quickly, in lieu of spending 6-months or more proving our ability.
4. Allows us to keep getting funded, even if we blow an account.
5. Allows us the flexibility to trade when we want, how often we want, what styles we want and what instruments we want etc..
6. Allows us the flexibility to trade with other firms in lieu of just one.
7. Small barrier-to-entry, with some buy-ins only costing $50.
8. et al..

I think that many also understand the difficulty associated with finding (and keeping) consistently-profitable traders, that can remain consistent over the long-term, and that in order to truly and adequately gauge performance, firms would need to employ very strict measures, over long periods, so that they can accumulate enough data to safely allocate real funds in any meaningful capacity.

I believe that the remote prop model is serving a much-needed demand, but I also believe that it can and should be better.
  • #29,473
  • Feb 6, 2024 3:21pm Feb 6, 2024 3:21pm
Quoting Nsak3y
{quote}-Yes. This has also been discussed, for sure. It is essentially equivalent to a traditional prop firm. I think that most traders concede to the fact that these remote prop firms rely on our 'buy-in' fee to feed the business; they set unreasonable profit targets with tight draw-down allowances to try to trip traders up. We accept this trade-off because: 1. Allows us to trade without a license or any special requirements. 2. Allows us to trade from anywhere we want, in lieu of a daily commute. 3. Allows us to become funded very quickly, in...
Hello Nsak3y;

I trust you are well & Thank You for your feedback. Your points are indeed agreeable, well received & logical above everything.

As we bring this day to a close, may I suggest we place our reliance in the Belief of Possibility that, who can say, Someone (Group of Liquid Deep Individuals), somewhere are currently conceptualizing, as we type to one another, a hybrid model which incorporates a cohesive Stop Gap Analysis from bona-fide Prop Firms whilst "borrowing" value-add benefits of the current retail prop model, which will touch upon your comprehensive list naturally.

After all, there is always ever individuals who are willing to shatter the mould of that which was previously suspected to be improbable or worse impossible.

Factual data teaches us that everything is possible provided it gains enough traction and the demand warrants it.

No doubt you'll have a vivid recollection that when BTC was in it's infancy Jamie Dimon stated that any Institutional Trader at JP Morgan would be dismissed even if they had personal ties to Bitcoin.

When Bitcoin began it's dominance, the same Jamie Dimon then had to fold & accept that Crypto has effectively moved the needle to the point that FIAT will never again hold the dominance it held prior to the proliferation of BTC & later others. JP Morgan, along with many of the others, in that category became heavily invested and made strides which has culminated in us actually having realised what seemed like a BTC ETF "dream". It is now a reality & you're likely following the groundswell of excitement with how the developments are sweeping across sectors completely breaking stereotypical archaic thoughts and mindsets.

All that is needed is that ONE company who is willing to push the boundaries against the "uniformity" which is borderline collusive activity (not a conspiracy theorist angle here against the current landscape) where Traders are limited with their choice. There's a huge number of these companies but the model is by & large a static blueprint with mere form changes as differences amongst them.

I have no doubt the idea I have outlined sounds exceedingly fanciful/lofty or whichever other label some may level against it since it seems highly improbable that such a model would ever be deployed.

Such individuals will do well to consider that everything seems Impossible until someone does it. Countless examples of even greater feats have been evidenced time & again through Human Advancement across multiple spheres.

Thank You once again for tabulating your points & feedback, much obliged & appreciated & May The Markets Go With You.
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #29,474
  • Feb 6, 2024 5:08pm Feb 6, 2024 5:08pm
Quoting Desbinary
All that is needed is that ONE company who is willing to push the boundaries against the "uniformity" which is borderline collusive activity
-I suspect that, more than willingness, an actual ability to figure out how to deal with the order flow will be necessary.

I think that any company that can find out how to achieve that holy-grail, win-win scenario, will be more than willing to bring it to market; not only because it will be highly profitable and set them apart from all of the other firms, but it will help to legitimize this space, help to ensure that all winning traders can be paid, while also positioning the prop firms to be on the trader's side in lieu of this conflict of interest model that we currently see.

I do think that it is possible, and not necessarily by prop firms doubling as broker. The question is whether or not I think that it is necessary. For that, I'm not sure. I do not think that we have explored all of the possible avenues for the current model yet.

I do believe that there is a viable solution that has yet to be discovered (or pursued), but it will take out-of-the-box thinking, which seems to be currently lacking as most of these very young CEO's continue to embrace cookie-cutter solutions.

Probably, they will not change unless they have to. Whether or not that change is mutually positive and beneficial has yet to be seen.
  • #29,475
  • Feb 6, 2024 5:16pm Feb 6, 2024 5:16pm
The new E8 dashboard seems very efficient: I closed a trade to pass my phase 1 (above the target) but I was slipped by $150 ! Because of the slippage, around $100 was missing (displayed in MT5) However, the dashboard validated my phase 1 (thus invalidating the slippage).
That's what I call a big development !
  • #29,476
  • Feb 6, 2024 5:57pm Feb 6, 2024 5:57pm
Quoting montygoldy
Question for prop firm traders anyone got their account scaled up??? Is it just a myth??
I almost got it from funded engineer
Used to be they using 3 month and 10% target
Right after I meet criteria they change the rules unfortunately
I have to wait little bit more to hit target
  • #29,477
  • Feb 6, 2024 5:58pm Feb 6, 2024 5:58pm
Quoting AaronPriest
{quote} Yes, I did have one, I forgot to place a trade on it while traveling for a few weeks and lost the account, but I'd gotten more out of it than I paid so I didn't care. It was my last MT4 account and I have no interest in going back to MT4 at this point, and they have no plans for MT5, so maybe I'll try again eventually when I've passed some of the free giveaway challenges I've picked up recently. They were a solid prop firm with no fuss, the only "drama" being slow to analyze accounts and get credentials to the next phase, typically 2-4 business...
Ok, thanks for sharing your feedback, I heard of this firm awhile back but forgot about it. I will table it for now but will definitely try it, pending the further developments of meta bands for US res. I do like the slow grind approach in addition to the prop and personal accounts model, diversification at its best. Although beit, I think the best way to advance this account the fastest is to leave profits in and target the 5% but those funds will be tempting once a trader reach the 6th or 7th level. Thanks again for the detailed feedback and keep us posted if you strike the nail again.
  • #29,478
  • Feb 6, 2024 6:17pm Feb 6, 2024 6:17pm
Quoting coastie0194
{quote} Ok, thanks for sharing your feedback, I heard of this firm awhile back but forgot about it. I will table it for now but will definitely try it, pending the further developments of meta bands for US res. I do like the slow grind approach in addition to the prop and personal accounts model, diversification at its best. Although beit, I think the best way to advance this account the fastest is to leave profits in and target the 5% but those funds will be tempting once a trader reach the 6th or 7th level. Thanks again for the detailed feedback...
Yeah, I think this makes sense to wait until at least level 5 or 6 and maybe withdraw every other level after that if you want. Take advantage of that accelerated scaling on the lower levels for sure.
  • #29,479
  • Feb 7, 2024 12:42am Feb 7, 2024 12:42am
Quoting Nehemah
The new E8 dashboard seems very efficient: I closed a trade to pass my phase 1 (above the target) but I was slipped by $150 ! Because of the slippage, around $100 was missing (displayed in MT5) However, the dashboard validated my phase 1 (thus invalidating the slippage). That's what I call a big development !
Hummm... this is good, of course, but I'm thinking that's a bit scaring if dashboard doesn't reflect the real balance of the account.
  • #29,480
  • Feb 7, 2024 12:50am Feb 7, 2024 12:50am
Apex casino started today a new promo

Quote
APEX Trader Funding 80% OFF SALE and Half Priced Resets!
80% Off first month of Any size Evaluation Account
80% Off recurring / renewing months
Applies to all new Evaluation Accounts purchased during the sale!
Sale ends 02/13/24 at 11:59 PM ET
Use your normal coupon code from the person that referred you to Apex.
Or use Coupon Code "SAVENOW" for 80% off Evals!
No Coupon needed for half priced Resets- price at checkout has been discounted!

I still don't get this reset 50% discount thing.
For a 50K account we pay $167 x 20% = $33.4
For a 50K reset we pay $80 x 50% = $40

Why would I pay a reset if I can purchase a new fresh account ? I guess discounts in resets are only good for higher accounts ?
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