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  • #33,441
  • Mar 26, 2024 8:13am Mar 26, 2024 8:13am
Quoting Takisd
{quote} there are some reports of props selling this type of data as well as mail data. When i sign for a prop i always used a brand new email address. On the one i used for TFT I am now getting like 50 different prop firms spamming me, pick a name you have never heard of and its them.
Me too, last year my number got leaked and scammers always calling me almost everyday, they dont just sell your data to other prop firms, some of these firms are selling data to scammers
  • #33,442
  • Mar 26, 2024 8:18am Mar 26, 2024 8:18am
Quoting Capablanca
Takisd, any opinions about this guy ? Ex cTrader exec James Glyde launches prop trading firm PipFarm
at first glance , looks a serious prop..the way it is structured and the guy’s background..
  • #33,443
  • Mar 26, 2024 8:23am Mar 26, 2024 8:23am
Quoting Stoneyrocks
{quote} is this based on personal experience with LUX ?

No, I don’t trade CFDs and wouldn’t touch it, myself, just for that reason.

I do know three people who have used Lux, though (the third one actually at my suggestion) and I haven’t yet heard anything bad about them. All three got qualified, at their very different speeds.

As these dreadful CFD things go, a genuinely funded account at an independent, regulated brokerage and no time-limits and no monthly subscriptions, and reliable payouts sounds a pretty good combination, to me. So I thought I’d mention it, just for the CFD recidivists - but it’s all second-hand information.
  • #33,444
  • Mar 26, 2024 8:48am Mar 26, 2024 8:48am
Quoting proptrader1
{quote} They are the worst. Every review after phase 1&2 takes a couple of weeks. I had to wait at least a month for each payout. Their new conditions are terrible - they used to have a reasonable 5/10% goal for each phase with 10% drawdown, now they increased the targets and decreased max drawdown - and all of that with increased prices. Their current offer is absolutely the worst among prop firms.
They probably increased the prices and worsen the conditions probably because they were sodomized in court by a trader
https://www.forexfactory.com/thread/...6#post14643776
  • #33,445
  • Mar 26, 2024 8:49am Mar 26, 2024 8:49am
Quoting Mandariin
{quote} The maximum trailing drawdown is calculated as 8% from your high watermark. Its actually no a problem. It becomes problem only if you trade too big position size.
This is one of the most controversial things (to say the least) that I have read here.
Trailing DD is a big disadvantage. It's math, not an opinion.
  • #33,446
  • Mar 26, 2024 8:51am Mar 26, 2024 8:51am
Quoting Takisd
{quote} there are some reports of props selling this type of data as well as mail data. When i sign for a prop i always used a brand new email address. On the one i used for TFT I am now getting like 50 different prop firms spamming me, pick a name you have never heard of and its them.
+1. No doubts that TFT did/does that.
  • #33,447
  • Mar 26, 2024 8:54am Mar 26, 2024 8:54am
Quoting Novazor
{quote} Me too, last year my number got leaked and scammers always calling me almost everyday, they dont just sell your data to other prop firms, some of these firms are selling data to scammers
And also forex brokers.
I'm thinking in asking several free SIM cards and change my phone number in the props to these numbers.
Usually in T&C they say that they could call us and we need to be available, bla bla bla but in about 4 years I never got a call from a prop to discuss whatever and, as far as I know, those making interviews for risk or whatever, do that online.
  • #33,448
  • Mar 26, 2024 8:59am Mar 26, 2024 8:59am
Quoting Capablanca
{quote} This is one of the most controversial things (to say the least) that I have read here. Trailing DD is a big disadvantage. It's math, not an opinion.


Trailing DD is a trap. The best metaphor I can use is ---> long/short squeeze.

It only gives an advantage/edge to the prop firm.
Success = Practice + Patience + Persistence
  • #33,449
  • Mar 26, 2024 9:18am Mar 26, 2024 9:18am
Quoting Takisd
{quote} i would love to publish where i know from (whatsapp) but by doing so i burn source. But he has all but confirmed it himself on twitter - essentially saying "Hi guys, things suck right now and i am on holiday in miami".
X is twittering about prop firm ceo visiting florida seeking financial aid from another firm
  • #33,450
  • Mar 26, 2024 9:18am Mar 26, 2024 9:18am
Quoting Capablanca
{quote} This is one of the most controversial things (to say the least) that I have read here. Trailing DD is a big disadvantage. It's math, not an opinion.
Its not a problem.

What is normal daily loss limit for professionals ?
20 % , 10 % , I think its more of 1-2%.

8% is enough.
I might be wrong , I have been wrong before
  • #33,451
  • Mar 26, 2024 9:20am Mar 26, 2024 9:20am
Quoting rizla101
{quote} X is twittering about prop firm ceo visiting florida seeking financial aid from another firm
Yes, but i know nothing and nobody.
  • #33,452
  • Mar 26, 2024 9:28am Mar 26, 2024 9:28am
Quoting Mandariin
{quote} Its not a problem. What is normal daily loss limit for professionals ? 20 % , 10 % , I think its more of 1-2%. 8% is enough.
That's nothing to do with daily loss. It's the absolute loss to accommodate bad periods of small losses (anybody had or will have them, except the super traders of internet and twitter that never lose).

You start with 100K with a trailing 8%, capping at 100K.
You have a good strike of profits and achieve 108K. Now if you lose 8K the account is over.

You start with 100K with a static 8%.
You have a good strike of profits and achieve 108K. Now the account is over only if you lose 16K.

8K vs 16K.

That's why I say it's math, it's not an opinion.
  • #33,453
  • Mar 26, 2024 9:30am Mar 26, 2024 9:30am
Quoting Capablanca
{quote} And also forex brokers. I'm thinking in asking several free SIM cards and change my phone number in the props to these numbers. Usually in T&C they say that they could call us and we need to be available, bla bla bla but in about 4 years I never got a call from a prop to discuss whatever and, as far as I know, those making interviews for risk or whatever, do that online.
Yeah thats what i do i have a email only for prop firms and ordered a free eSIM that i use for prop firms that can receive sms and calls
  • #33,454
  • Mar 26, 2024 9:42am Mar 26, 2024 9:42am
Quoting Capablanca
Takisd, any opinions about this guy ? Ex cTrader exec James Glyde launches prop trading firm PipFarm
Terrible offering, regardless of whether he's a good guy or not. $875 for 100k. 12% target 8% drawdown.Profit splits absolute joke. If you make 5% profit you keep 25%. That's enough for me to look no further.
  • #33,455
  • Mar 26, 2024 9:54am Mar 26, 2024 9:54am
Quoting Takisd
{quote} Yes, but i know nothing and nobody.
I see kimmy boy is starting to get some heat now about TFT support, and 'possible' involvement in mff downfall, this must bring some joy to your heart.
  • #33,456
  • Mar 26, 2024 10:12am Mar 26, 2024 10:12am
Quoting rizla101
{quote} I see kimmy boy is starting to get some heat now about TFT support, and 'possible' involvement in mff downfall, this must bring some joy to your heart.
hes a scammer and has been from day one. Same as riz and omar and paladin and {insert youtuber here}.
  • #33,457
  • Mar 26, 2024 10:15am Mar 26, 2024 10:15am
Quoting Takisd
{quote} hes a scammer and has been from day one. Same as riz and omar and paladin and {insert youtuber here}.
I suppose that SFT will go down as soon as TFT right?
  • #33,458
  • Mar 26, 2024 10:21am Mar 26, 2024 10:21am
Quoting rizla101
{quote} Terrible offering, regardless of whether he's a good guy or not. $875 for 100k. 12% target 8% drawdown.Profit splits absolute joke. If you make 5% profit you keep 25%. That's enough for me to look no further.

I agree. CTrader is obviously a huge plus, over MT, but on the other hand, they have very high fees, only 1:30 leverage (and "we do reduce leverage on some products as exposure is increased"), a maximum drawdown that trails open equity(!!), a requirement to reach 9%+ profit just to earn 75%, and they claim they use brokers but they won’t name any of them.

Are there really people naive enough to pay for that?!
  • #33,459
  • Mar 26, 2024 10:38am Mar 26, 2024 10:38am
Quoting Novazor
{quote} I suppose that SFT will go down as soon as TFT right?
Since angelo owns a lot of SFT i wouldnt be surprised. Also look at the three musketeers now promoting other companies.
  • #33,460
  • Mar 26, 2024 10:43am Mar 26, 2024 10:43am
Quoting rizla101
{quote} Terrible offering, regardless of whether he's a good guy or not. $875 for 100k. 12% target 8% drawdown.Profit splits absolute joke. If you make 5% profit you keep 25%. That's enough for me to look no further.
I was first trying to understand if the guy was serious even before jumping in the offer. Glad that you guys did the work
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