Prop Firm Hub | Page 1498 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #29,941
  • Feb 10, 2024 3:35am Feb 10, 2024 3:35am
Quoting montygoldy
{quote} Starting at 239k and closed the day at 230700$ which is way below daily drawdown (can see in the graph)...... Asked for payour 30700$ (can see the payout request screenshot).... Thats why i am giving them benefit of doubt. Maybe a system error. Lets see what they say next. Customer care guy said sent it to the team they'll respond in 24-48h
239K x 96% = 229.440

Even with the spreads this doesn't seem right but it's close enough for Sean to fabricate a violation based in wide spreads a certain moment and saving him a 30K Payout.
  • #29,942
  • Feb 10, 2024 3:39am Feb 10, 2024 3:39am
Quoting Capablanca
{quote} 239K x 96% = 229.440 Even with the spreads this doesn't seem right but it's close enough for Sean to fabricate a violation based in wide spreads a certain moment and saving him a 30K Payout.
point is i was always up never ever went beyond 3.5% loss… but the elephant in the room is 208k which is causing the error. Coz its calculating the total loss of the day with that number which is incorrect. If they calculate with 239k then its correct ….
Extreme gut feeling trader
  • #29,943
  • Feb 10, 2024 4:05am Feb 10, 2024 4:05am
MyFlashFunding is Equity based drawdown or what?
Balance Based Drawdown is much better, at least there is no tension in case our profit trade turns round and hit our sl in breakeven or original sl.
My first choice is balance based drawdown and if we believe on our trading methodology or strategy then 3 phase challenges with balance based drawdown are much better at it comes very very cheap, it takes a lot more time to pass but very wallet friendly.
  • #29,944
  • Feb 10, 2024 4:16am Feb 10, 2024 4:16am
Quoting genuine007
there is a guy in this thread named "tRandy" i followed his posts when he joined here and wrote caption like "2 million funded trader" something like this he was also going very fast, at that time i was also passing tiny challenge accounts and got some tiny payouts, i stay breakeven with this prop firm challenge accounts i was searching for some stable strategy, i asked "trandy", "navk" for the strategy if they can give me their million dollar strategy because they were doing good "trandy" did not give me strategy i think noone will give.. but he...
Start learning. You don't understand nothing now.
  • #29,945
  • Feb 10, 2024 4:18am Feb 10, 2024 4:18am
Quoting Tim_isoara
{quote} Start learning. You don't understand nothing now.
I have understood every bit of this game now.
2024 is just warmup.
  • #29,946
  • Feb 10, 2024 4:18am Feb 10, 2024 4:18am
Quoting Capablanca
{quote} 239K x 96% = 229.440 Even with the spreads this doesn't seem right but it's close enough for Sean to fabricate a violation based in wide spreads a certain moment and saving him a 30K Payout.
another finding the moment i asked for payout the system automatically breached me so i have a gut feeling its a system error…. Coz it happened the same minute
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_1753.jpeg Size: 575 KB
Click to Enlarge Name: IMG_1754.jpeg Size: 564 KB
Extreme gut feeling trader
  • #29,947
  • Feb 10, 2024 4:22am Feb 10, 2024 4:22am
Quoting LvMMT
so I laugh when I read here ... it's a therad for enjoyment ... some know what I'm talking about ... others ... you have no experience ... if you know exactly what is happening then you have a simple logic... if you don't know what's going on (ie how to trade)... the way to transact in the way of these companies is only in loss. I repeat. it is only in the loss of the participants. if, to some extent, you win... you do it a lot... I repeat... you do it with enormous work... you sit in front of the monitor non-stop... a lot of money, it's not made...
You are right.You are stand-up comedian. Zero experience in trading, in prop trading....But you are very, very, very funny. Keep writing about trading. We need to laugh.
  • #29,948
  • Feb 10, 2024 4:54am Feb 10, 2024 4:54am
Quoting woody70
{quote} If your equity was violated like they claim, why were you allowed to trade up until you wanted a payment? This is why I keep saying I'm keeping my payouts low.
Almost all the prop firms say that they have to verify your trades before giving you a payout certificate.
Drawdown is more important than Account Size !
  • #29,949
  • Feb 10, 2024 5:03am Feb 10, 2024 5:03am
Quoting JustPipMe
Just got a Kraken account. Brand new to crypto, so will get up to speed this weekend. Will only use for trading transactions. Which coin should I go in and out of for sending/receiving funds? BTC? Litecoin? Or?…
What has your question to do with prop firms? Please respect the subject of this thread. Thank you!
  • #29,950
  • Feb 10, 2024 5:16am Feb 10, 2024 5:16am
Quoting montygoldy
{quote} Equity never violated Daily DD. Also system says 208k was starting balance instead it was 239k. Thats the whole issue
Are you on MT5?

If so you can pull the tick data and see exactly yourself.
  • #29,951
  • Feb 10, 2024 5:34am Feb 10, 2024 5:34am
Quoting PropDude1234
{quote}Are you on MT5? If so you can pull the tick data and see exactly yourself.
mt4…
Extreme gut feeling trader
  • #29,952
  • Feb 10, 2024 5:35am Feb 10, 2024 5:35am
Quoting montygoldy
{quote} another finding the moment i asked for payout the system automatically breached me so i have a gut feeling its a system error…. Coz it happened the same minute {image} {image}
Your trading methods might not be to my own liking. But I must say thanks for going on like a train on these prop firms and talking openly about it too. Since my personal guess that of course most will deny you payout if its above small sums apart from FTMO maybe. So its like watching some tv show and knowing expecting the plot to unfold, but how will the prop firms lie to deny you a payout is the twist and excitement. Thanks for the entertainment mate.
  • #29,953
  • Edited 8:00am Feb 10, 2024 6:39am | Edited 8:00am
Quoting procrude
{quote} Almost all the prop firms say that they have to verify your trades before giving you a payout certificate.
They didn't say they needed to verify, they out right denied it with a bogus claim
  • #29,954
  • Feb 10, 2024 6:45am Feb 10, 2024 6:45am
Quoting CableJ
{quote} PM sent.
Hi CableJ,
Would you share that list with me too in a PM. If you can't I understand. Thank you.
  • #29,955
  • Feb 10, 2024 6:56am Feb 10, 2024 6:56am
Quoting montygoldy
{quote} point is i was always up never ever went beyond 3.5% loss… but the elephant in the room is 208k which is causing the error. Coz its calculating the total loss of the day with that number which is incorrect. If they calculate with 239k then its correct ….
Do they calculate the daily loss of $8000 (4%) based of the 200k starting capital or based on the daily equity?
  • #29,956
  • Feb 10, 2024 7:23am Feb 10, 2024 7:23am
Can’t wait for maven to be broker blacklisted for being idiots.
  • #29,957
  • Feb 10, 2024 8:37am Feb 10, 2024 8:37am
Quoting acetrader
{quote} Hi CableJ, Would you share that list with me too in a PM. If you can't I understand. Thank you.
Done
  • #29,958
  • Feb 10, 2024 9:35am Feb 10, 2024 9:35am
TFT just sent an email that they will migrate to dxtrade for us clients also.
Drawdown is more important than Account Size !
  • #29,959
  • Feb 10, 2024 9:58am Feb 10, 2024 9:58am
Quoting procrude
TFT just sent an email that they will migrate to dxtrade for us clients also.
Same email came from Skilled Funded Trader.

Looks like its time for me to start looking in to dxtrade ... after using MT4 for over 14 years
Drawdown is more important than Account Size !
  • #29,960
  • Feb 10, 2024 10:01am Feb 10, 2024 10:01am
It’s awful I have been playing with it. It’s so awful
40 traders viewing now