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Anyone trading with a Prop firm 31 replies

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  • #33,281
  • Mar 19, 2024 3:40pm Mar 19, 2024 3:40pm
Quoting Stoneyrocks
{quote} shouldn’t we have more respect for a hedge fund trader ?
Haha, notice how he cleared his bio of all his delusional claims of grandiose achievements? I had faith at one time that he changed after the repetitive beat downs he endured. But then he comes back with more stupid to add.
Trade with confidence, trade without fear.
  • #33,282
  • Mar 19, 2024 3:59pm Mar 19, 2024 3:59pm
I have still a Doctor of Business Administration degree. Topic about Quantitative trading models. I was a hedge fund trader, but not anymore. Still trading full time with 15 years fulltime experience and trading (with breaks) since 1994 in stocks, options, futures, Forex, CFDs. I got honored at the University for my math exams and lectured other students in Analysis topics around economic math. I was a professional prop trader, Equity Derivatives Trader, Wealth Manager, since then independent. I could say much more but this is my short bio if anyone wants to write his one, so we can compare. Would be interesting how many 10+ years fulltime traders are here.
  • #33,283
  • Mar 19, 2024 4:02pm Mar 19, 2024 4:02pm
Quoting TrAndy1
I have still a Doctor of Business Administration degree. Topic about Quantitative trading models. I was a hedge fund trader, but not anymore. Still trading full time with 15 years fulltime experience and trading (with breaks) since 1994 in stocks, options, futures, Forex, CFDs. I got honored at the University for my math exams and lectured other students in Analysis topics around economic math. I was a professional prop trader, Equity Derivatives Trader, Wealth Manager, since then independent. I could say much more but this is my short bio if anyone...
How come you just shouted this on your profile.
  • #33,284
  • Mar 19, 2024 4:04pm Mar 19, 2024 4:04pm
I have not heard about payout issues about futures prop firms so far. There is another futures prop an Apex clone, exactly the same but with much more and longer 90% discounts around, where you can also have 20 PA accounts at one time. Exactly the same like Apex. The other mentioned is an old firm with very good reputation.
  • #33,285
  • Mar 19, 2024 4:39pm Mar 19, 2024 4:39pm
Quoting TrAndy1
I have still a Doctor of Business Administration degree. Topic about Quantitative trading models. I was a hedge fund trader, but not anymore. Still trading full time with 15 years fulltime experience and trading (with breaks) since 1994 in stocks, options, futures, Forex, CFDs. I got honored at the University for my math exams and lectured other students in Analysis topics around economic math. I was a professional prop trader, Equity Derivatives Trader, Wealth Manager, since then independent. I could say much more but this is my short bio if anyone...
People can claim to be anything on the interwebs. You make fanciful claims yet act like someone who has done none of it. So you're either a liar or someone who was very bad at it.

Which is it?
Trade with confidence, trade without fear.
  • #33,286
  • Mar 19, 2024 4:48pm Mar 19, 2024 4:48pm
Quoting TrAndy1
I have not heard about payout issues about futures prop firms so far. There is another futures prop an Apex clone, exactly the same but with much more and longer 90% discounts around, where you can also have 20 PA accounts at one time. Exactly the same like Apex. The other mentioned is an old firm with very good reputation.
You're the last person to recommend anything. You were pimping the scammiest FX prop firms around, due to your completely useless ranking system.
Trade with confidence, trade without fear.
  • #33,287
  • Mar 19, 2024 5:57pm Mar 19, 2024 5:57pm
Quoting TrAndy1
There is another futures prop an Apex clone, exactly the same but with much more and longer 90% discounts around, where you can also have 20 PA accounts at one time. Exactly the same like Apex. The other mentioned is an old firm with very good reputation.
-Just provide the name without a link, and nobody should be able to bother you about it.
  • #33,288
  • Mar 19, 2024 5:58pm Mar 19, 2024 5:58pm
Quoting Stoneyrocks
shouldn’t we have more respect for a hedge fund trader ?
-Would you under normal circumstances? I'm not so sure haha.
  • #33,289
  • Mar 19, 2024 6:33pm Mar 19, 2024 6:33pm
What is a hedge fund these days anyway.
  • #33,290
  • Mar 19, 2024 6:43pm Mar 19, 2024 6:43pm
Quoting Capablanca
{quote} Something I don't know and it's more intelectual curiosity is if the application of the trading algorithm (knowing that we re playing a videogame) is done by Apex/MFF or by Rithmic/Tradovate. I mean, they both receive the same level 2 feed but if ask has only 5 contracts and I place a buy order for 10, who is "instructing" the game to pick those 5 and 5 in the next bracket. We know that in CFD this is parametrized in Meta by the props themselves.
C&P "as it is"
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  • #33,291
  • Mar 19, 2024 8:51pm Mar 19, 2024 8:51pm
It's amazing how some podcasts gurus promote prop firms, not all the hosts (but some) but the majority guests. I was listening to one today on my 3hr ride to the Nations Capital and stumbled across this one trader who I admired until he said the only prop firm he is currently trading with is Clarity Traders. Now I admit this trader did have an account, allegedly with MFF for a year for they ceased and desist. My advice is, don't trust an ounce of what these YouTubers are promoting. Folks, sit on your hands untill shittz clears up. Clarity Traders have a 30% consistency rule, I have two Master's Degrees and it made my head hurt trying to decipher it. Please make it make sense.
  • #33,292
  • Mar 19, 2024 9:00pm Mar 19, 2024 9:00pm
I discovered that Finotive Funding may still be in the game with Meta for US traders as they have an agreement to continue onboarding US citizens but I'm waiting on Taskid to pump out some official news before I dive in, anyone hear anything similar? Any updates much appreciated. Patiently waiting, I don't think the Prop industry can succeed without US $$ so maybe this semi-regulation or not will blow over like a umbrella in a hurricane.
  • #33,293
  • Mar 20, 2024 1:13am Mar 20, 2024 1:13am
Yesterday TFF sent an email saying some bla bla bla that they were going to consolidate accounts in ctrader bla bla bla and that I would receive another email in the next couple of hours (I didn't yet).

No idea what that mean but today when initializing ctrader I got this. Did anyone experience that too ? if so what have you done.
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  • #33,294
  • Mar 20, 2024 1:17am Mar 20, 2024 1:17am
Quoting MwlRCT
{quote} C&P "as it is" {image}
Thanks, that's the real world. My doubts was more about how the videogame is parametrized to do something similar of real world. If that is handled by the props themselves or by their vendors (Rithmic, Tradovate, etc.).
If I understand correctly Cryptosurf already confirmed that this is done by the vendors.
Anyway it was just intelectual curiosity triggered by what I read in MFF case and how they parametrized profiles for different groups of traders.
  • #33,295
  • Mar 20, 2024 2:36am Mar 20, 2024 2:36am
Quoting Capablanca
Yesterday TFF sent an email saying some bla bla bla that they were going to consolidate accounts in ctrader bla bla bla and that I would receive another email in the next couple of hours (I didn't yet). No idea what that mean but today when initializing ctrader I got this. Did anyone experience that too ? if so what have you done. {image}
Yes I recieved same when opening TFF branded ctrader. I also have a generic ctrader application, which when I opened up loaded up all instances of my ctrader prop accounts for all firms on the one application. Not sure i like that. I believe you said you had different email for each prop, so this won't be the case for you, as your registered email will be set as your ctrader id.
  • #33,296
  • Mar 20, 2024 2:45am Mar 20, 2024 2:45am
Quoting coastie0194
I discovered that Finotive Funding may still be in the game with Meta for US traders as they have an agreement to continue onboarding US citizens but I'm waiting on Taskid to pump out some official news before I dive in, anyone hear anything similar? Any updates much appreciated. Patiently waiting, I don't think the Prop industry can succeed without US $$ so maybe this semi-regulation or not will blow over like a umbrella in a hurricane.
I have only used finotive before the rules changes and the rules before were a complete scam. I obeyed them and still got banned. So the words "you should use them" will never come from me.

I strongly doubt they can accept US citizens without metaquotes getting at them at some point.
  • #33,297
  • Mar 20, 2024 5:10am Mar 20, 2024 5:10am
Quoting Capablanca
Yesterday TFF sent an email saying some bla bla bla that they were going to consolidate accounts in ctrader bla bla bla and that I would receive another email in the next couple of hours (I didn't yet). No idea what that mean but today when initializing ctrader I got this. Did anyone experience that too ? if so what have you done. {image}
For those having the same problem in TFF this morning, this is the solution:
1. go to https://id.ctrader.com/reset
2. enter our TFF email
3. reset password
After this we should be able to enter in ctrader, both web and desktop app.
  • #33,298
  • Mar 20, 2024 6:16am Mar 20, 2024 6:16am
Bought a 100k Funding Pips ctrader account and a 100k Real Funds Trader account with the latest profit yesterday. Both have 0 minimum days. Think Funding Pips removed some of the more unfriendly rules that made me skip them just a couple of months ago. Spreads were pretty good on FP for the major pairs for forex and the indices. RFT had pretty poor spreads on forex pairs, so I traded only indices there.

For Real Funds Trader, I somehow ended up buying the 1-Phase instead of the 2-Phase account. Fortunately, the target was 8% and I managed to pass both yesterday. FP said they needed 24 hours to review the account before starting Phase 2. RFT said they needed 1-3 days to review the account before the contract. Still waiting on both and will update later.

One thing I noticed was that the trading style description on both sites was almost the same. The pricing was also quite similar. Think about 350 each.

FP:
Quote
Trade the way you want. Use an "EA", hold during news, hold trades over the weekend and trade lot sizes as big as the leverage allows for. However, Any Trading activities that are used to take advantage of trading platform inefficiencies (Gap trading, high frequency trading, server spamming, latency arbitrage, toxic trading flow, hedging, long short arbitrage, reverse arbitrage, tick scalping, server execution, opposite account trading) are all prohibited trading plus copy trading or account management by a third-party vendor will result in account...

RFT:
Quote
Trade the way you want. Use an EA, hold on the news, hold trades over the weekend, and trade lot sizes as large as leverage allows. However, any trading activity that is used to take advantage of Meta Trader’s inefficiencies (gap trading, high-frequency trading, server spam, latency arbitrage, toxic trade flow, hedging, long and short arbitrage, reverse arbitrage, tick scalping, server execution, trading opposite accounts), copy trading or account management by a third-party provider will result in the cancellation of the account, such activities...

Also started a MFFu static account, but haven't passed that yet. Blew my Apex due to the trailing drawdown rule, though.
  • #33,299
  • Mar 20, 2024 7:18am Mar 20, 2024 7:18am
Quoting TrAndy1
I have still a Doctor of Business Administration degree. Topic about Quantitative trading models. I was a hedge fund trader, but not anymore. Still trading full time with 15 years fulltime experience and trading (with breaks) since 1994 in stocks, options, futures, Forex, CFDs. I got honored at the University for my math exams and lectured other students in Analysis topics around economic math. I was a professional prop trader, Equity Derivatives Trader, Wealth Manager, since then independent. I could say much more but this is my short bio if anyone...
Let's not make it a pissing contest here please. I've worked with many great guys from Germany during my career and I know how proud you guys can be about your university degrees and how many doctorates you love to earn. Does it mean a young guy who barely graduated from the high school with no experience in trading deserves to be disregarded just because they're not DBA with 15 yrs. experience? Some can be pain in the ass here but trust me, it's not about their degree.
Money is made by sitting, not trading
  • #33,300
  • Mar 20, 2024 8:58am Mar 20, 2024 8:58am
Darwinex also on futures

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