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  • #39,761
  • Jul 24, 2024 5:39pm Jul 24, 2024 5:39pm
Quoting navk
This is my wife account. 7 days done {image}
Just one thing if there is real investor money behind you need a license in nearly all countries of the world, except the Cayman residents and same sorts of. It is just not regulated so far, but if there is real money from investors behind this would be an arbitrage to existing regulations becoming a CTA or advisor/wealth manager. The only conclusion it needs to be zeroed. So all profits must be paid back and all the investors must get back their money. What is not allowed is not allowed. This is so clear here, I just wonder why AXI is doing this as there will be much trouble in the future because of that. I think they need because their brokerage business sucks for them.
  • #39,762
  • Jul 24, 2024 6:13pm Jul 24, 2024 6:13pm
Quoting RoelsMajor
{quote} Thanks for the advice, Bro. That was the plan initially. I'm still interested in extending the account's time until the calibration phase ends, because I just hit a jackpot trade. {image}
The problem is that when the calibration phase is over your risk adjustment factor will be really low. Maybe 0.2 and you'll be stuck there for 2 months. Then if you open a 10 lot trade it will adjust lower and lower until your trading leverage will render you impotent.
Pride always comes before destruction.... -Proverbs 16:18
  • #39,763
  • Jul 24, 2024 6:19pm Jul 24, 2024 6:19pm
Quoting navk
This is my wife account. 7 days done {image}
Wow, your wife is making you look like a little sissy boy. I guess we know who wears the pants in the family. And who wears the panties

Just kidding mate. You're the man! Well, at least you used to be before we saw your wife's trading
Pride always comes before destruction.... -Proverbs 16:18
  • #39,764
  • Jul 24, 2024 6:25pm Jul 24, 2024 6:25pm
Quoting Expo33
{quote} Wow, your wife is making you look like a little sissy boy. I guess we know who wears the pants in the family. And who wears the panties Just kidding mate. You're the man! Well, at least you used to be before we saw your wife's trading
Present days, all have requiste qualifications and expertise.

We will give equal oppotunity to female member of the family.

Atleast one looses and other wins
Intraday only.
  • #39,765
  • Jul 24, 2024 6:34pm Jul 24, 2024 6:34pm
Quoting TrAndy1
{quote} Just one thing if there is real investor money behind you need a license in nearly all countries of the world, except the Cayman residents and same sorts of. It is just not regulated so far, but if there is real money from investors behind this would be an arbitrage to existing regulations becoming a CTA or advisor/wealth manager. The only conclusion it needs to be zeroed. So all profits must be paid back and all the investors must get back their money. What is not allowed is not allowed. This is so clear here, I just wonder why AXI is doing...
You mean to say when some one attains third stage or PRO stage in Darwinex zero, they need to be qualified accordingly to work in that stage ?
Intraday only.
  • #39,766
  • Edited 10:35pm Jul 24, 2024 9:26pm | Edited 10:35pm
Damn some crazy bloodbath on gold....
1. There goes my topstep 50kx5 combines will reset them starting next month.....
2. Myfundedfutures FUNded accounts close to daily loss limit... thanks to gold i can only use 1 mini.... it slipped 4$ went beyond my 2$ stop loss.....in total 6$
3. Apex was down 1k first then able to recover thanks to NQ and Dow and somewhat gold .... Recovered yesterday losses and made a bit more.....

PA chart kinda SEE SAW for last few dayss.... down 1k then up 1k. Btw just now realised completed 20 days still waiting for current payout approval and august 1 payout is in the bag as well...
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Extreme gut feeling trader
  • #39,767
  • Edited 10:44pm Jul 24, 2024 10:32pm | Edited 10:44pm
Quoting TrAndy1
The bottom is in and soon the prop industry will go upstairs, I do not believe this. Why ? It is like going to casino where only Blackjack is offered as play and there are only cardcounters. In a normal casino you would be kicked out of the door. But in prop you cannot see and control those cheaters. Who can see if you reverse hedge your trades with your normal broker account on a prop firm ? Nobody. So if 80% are cheaters already and I think the number is steadily growing. Thanks to the CFTC on MFF with their pun intended, maybe all prop firms...
Man if you dont mind can you post smaller concise posts.... these big essays give me eye ache. No offense its just me dont have patience at all....
Extreme gut feeling trader
  • #39,768
  • Edited 12:36am Jul 25, 2024 12:02am | Edited 12:36am
Quoting Expo33
{quote} The problem is that when the calibration phase is over your risk adjustment factor will be really low. Maybe 0.2 and you'll be stuck there for 2 months. Then if you open a 10 lot trade it will adjust lower and lower until your trading leverage will render you impotent.
I think this impotence rule is good for traders overall. Let's say profits can be accumulated every month, but this level of drawdown has never had a limit from the beginning in Darwinex. I think a simple reset rule (at a low cost) every time the drawdown hits, say -5.62 as a fixed limit, is good for Darwinex (similar to the model of prop firms/brokers in general), but there should also be a rule that the minimum risk should not exceed 0.3% per trade, applied from the beginning during the calibration phase. So, the calibration phase is not very necessary.

As I mentioned earlier, good rules for traders include low-cost subscriptions (not buying expensive account packages), low-cost resets, fixed drawdown limits, allocation scaling (rating), and a profit-sharing percentage of 1/3 to 2/3.

If you want to gamble, that's also allowed, -5.62% is the loss limit set by the broker. For example, if you buy one ticket for $300 (a $100k account), and you want to bet 20 pips (say $10 per pip pairs), you can open 28.10 lots. Just one shot, and it would be around $5620 profit or loss. I would buy 3 tickets.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #39,769
  • Edited 12:31am Jul 25, 2024 12:17am | Edited 12:31am
Quoting RoelsMajor
{quote} I think this impotence rule is good for traders overall. Let's say profits can be accumulated every month, but this level of drawdown has never had a limit from the beginning in Darwinex. I think a simple reset rule (at a low cost) every time the drawdown hits, say -5.62 as a fixed limit, is good for Darwinex (similar to the model of prop firms/brokers in general), but there should also be a rule that the minimum risk should not exceed 0.3% per trade, applied from the beginning during the calibration...
Exactly! Nobody wants to be impotent and this rule makes you readjust. It is brilliant, on the other hand protects the investors, bad habit traders have a very slim chance to get to them.
At this point I cannot think of anything I would complain at DZero. I even had a 95% correlation with somebody from Darwinex, not even a DZero trader- his account is 5 months old and he had 7.25% overall gain and I had 7,15 or so and I was excluded. At first it sounds terrible to be accidentaly correlated with somebody, but obviously this can happen at the start when there is not enough sample size and it is not a bad thing. You continue trading, don't get the funding but they credit you with $38. Brillant solution. Impressed.
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His rating was a bit over 72 at that point.
But yesterday I gained a bit more and am at 7.40% gain and the other guy shot himself in the foot and is back at 4% something gain so I am not excluded anymore. Even if I would be, I would not mind because it means nothing for the road to Gold status.
PVSRA
  • #39,770
  • Edited 3:23am Jul 25, 2024 12:25am | Edited 3:23am
Quoting Fisher755
{quote} Exactly! Nobody wants to be impotent and this rule makes you readjust. It is brilliant, on the other hand protects the investors, bad habit traders have a very slim chance to get to them. At this point I cannot think of anything I would complain at DZero. I even had a 95% correlation with somebody from Darwinex, not even a DZero trader- his account is 5 months old and he had 7.25% overall gain and I had 7,15 or so and I was excluded. At first it sounds terrible to be accidentaly correlated with somebody, but obviously this can happen at...
Yes, the correlation rules should be removed. Once someone has completed KYC, they should be allowed to have as many accounts as they want, since they pay a subscription fee every month for each account anyway, or simply give them max 3.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #39,771
  • Jul 25, 2024 12:33am Jul 25, 2024 12:33am
Quoting RoelsMajor
{quote} Yes, the correlation rules should be removed. Once someone has completed KYC-ed, they should be allowed to have as many accounts as they want, since they pay a subscription fee every month for each account anyway, or simply give them max 3.
it cannot be removed. It prevents cheating. And diversifies investors options at the same time.
It is better then PsyQuation was before Axi bought them and made hybrid model out of it ( and ruined everything ).
PVSRA
  • #39,772
  • Jul 25, 2024 12:52am Jul 25, 2024 12:52am
Quoting montygoldy
Btw just now realised completed 20 days still waiting for current payout approval and august 1 payout is in the bag as well...
I thought 10 trading days for Apex funded account.
  • #39,773
  • Jul 25, 2024 1:46am Jul 25, 2024 1:46am
More and more people in X claiming that Rise closed their account and can't contact support.
It seems now established that props have the right of flagging someone's account for fraud or such and Rise follows it without evidence.
If anyone was keeping money in Rise (which was already a bad option), better to withdraw it all as soon as it comes.
  • #39,774
  • Jul 25, 2024 3:59am Jul 25, 2024 3:59am
Quoting Capablanca
More and more people in X claiming that Rise closed their account and can't contact support. It seems now established that props have the right of flagging someone's account for fraud or such and Rise follows it without evidence. If anyone was keeping money in Rise (which was already a bad option), better to withdraw it all as soon as it comes.
or not use Rise if you have other options ….

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  • #39,775
  • Jul 25, 2024 4:03am Jul 25, 2024 4:03am
Quoting Fagin
{quote} Hi Ladder. Cool thanks for the info.. Trade well
no restrictions
https://ftmo.com/es/faq/which-instruments-can-i-trade-and-what-strategies-am-i-allowed-to-use/
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I'm high on trading, cant you tell?
  • #39,776
  • Jul 25, 2024 4:21am Jul 25, 2024 4:21am
Quoting Stoneyrocks
{quote} or not use Rise if you have other options …. {image}
Absolutely. Direct crypto withdraw for me is the best thing. No BS. It's transparent. If done it has to be in the blockchain, no closed banks, holidays, mistakes from systems, etc.
  • #39,777
  • Jul 25, 2024 6:00am Jul 25, 2024 6:00am
I would like to try FTT but they don't accept credit/debit cards, only cryptos or wire. Any way to pay them without going thru the hassle of opening an account in a crypto broker somewhere?
Don't give up on your dreams. Keep sleeping.
  • #39,778
  • Jul 25, 2024 6:02am Jul 25, 2024 6:02am
Quoting Capablanca
More and more people in X claiming that Rise closed their account and can't contact support. It seems now established that props have the right of flagging someone's account for fraud or such and Rise follows it without evidence. If anyone was keeping money in Rise (which was already a bad option), better to withdraw it all as soon as it comes.

I wrote a long essay on my rise findings but deleted because as i said to nok today the prop trader and prop firm deserve each other. the rise story is far deeper than "omg prop firm has so much power to hurt us traders".

my joy of involvement of props has been stripped away by fake rubbish on x and the data analysis i once enjoyed is now filled with drama and lies. X is the root cause of all industry problems from prop side and from consumer side.
  • #39,779
  • Jul 25, 2024 7:10am Jul 25, 2024 7:10am
Quoting montygoldy
Damn some crazy bloodbath on gold.... 1. There goes my topstep 50kx5 combines will reset them starting next month..... 2. Myfundedfutures FUNded accounts close to daily loss limit... thanks to gold i can only use 1 mini.... it slipped 4$ went beyond my 2$ stop loss.....in total 6$ 3. Apex was down 1k first then able to recover thanks to NQ and Dow and somewhat gold .... Recovered yesterday losses and made a bit more..... PA chart kinda SEE SAW for last few dayss.... down 1k then up 1k. Btw just now realised completed 20 days still waiting for current payout approval and august 1 payout is in the bag as well... {image} {image} {image}
Seems like a lot of traders are having issues lately with the change from strong 2 1/2 mo bull trend (buy the dip long only bias) + increased volatility which makes prior effective smaller stops less effective with wider ranges.
  • #39,780
  • Jul 25, 2024 7:30am Jul 25, 2024 7:30am
Quoting CableJ
{quote} Seems like a lot of traders are having issues lately with the change from strong 2 1/2 mo bull trend (buy the dip long only bias) + increased volatility which makes prior effective smaller stops less effective with wider ranges.
Yes, that is the thing for sure, same with the indices, obviously........when they are so overvalued with no correction ever, they fall way harder than they rise......ADRs are 2-3 times past few days than what they were during the rise.
It was technically overdue and now combined with the uncertainty of the demise of the US.....well, perfect storm for a sell-off on the indices. Actually, gold should remain bullish if the equities sell-off continues as nobody really wants USD either.
This is where props actually save a lot of folks financially, you lose a sub fee or two or three as opposed to your entire broker account you worked 5 years to accumulate.
If someone just started trading within say the past 2-3 years, they're like, Wow, this is so simple....I guarantee there are a lot of margin called accounts the past 2-3 days.
I'm sure GDP at 8:30 will either extend the free fall or be the catalyst for reversal.
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