I dont think people realize that most of their favorite prop firms right now are having significant financial stress. The vast majority of in-flows are people trying to game the system and inflating numbers on the income and the outgoing.
Soon these props will start mass banning because of these groups and the reputation will get ruined on social media and they will go under. They HAVE to combat these groups to survive so that people who actually want to trade and not just attack props revenue streams can have the opportunity.
The problem is we - as traders- think everything is un fair. ITs unfair to wait 30 days for a payout, its unfair to have time limits and standards to achieve to be "virtual funded". Its unfair to have trailing drawdown. Its unfair to have a 10% profit target. Its unfair to have a minimum withdrawal amount. Its unfair to have a minimum trade number.
Everything that makes this model sustainable is unfair in the eyes for retail traders.
But hey, there are still idiots buying TFT accounts so perhaps they deserve whats coming.
Soon these props will start mass banning because of these groups and the reputation will get ruined on social media and they will go under. They HAVE to combat these groups to survive so that people who actually want to trade and not just attack props revenue streams can have the opportunity.
The problem is we - as traders- think everything is un fair. ITs unfair to wait 30 days for a payout, its unfair to have time limits and standards to achieve to be "virtual funded". Its unfair to have trailing drawdown. Its unfair to have a 10% profit target. Its unfair to have a minimum withdrawal amount. Its unfair to have a minimum trade number.
Everything that makes this model sustainable is unfair in the eyes for retail traders.
But hey, there are still idiots buying TFT accounts so perhaps they deserve whats coming.
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