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  • #45,181
  • Dec 14, 2024 6:32am Dec 14, 2024 6:32am
Quoting Takisd
{quote} You didnt chargeback? They threaten to sue everyone who chargeback
These were very old accounts, with tons of payouts and one of them even scaled (after these years, they're still my most profitable prop, despite some are getting close). Refund was done long time ago with first payout, so I had nothing to lose here.

If I had not been refunded for sure that I would have charged back. I would like to see them coming against me.

I charged back Engineer and received the 2 failed challenges and not just the one I was doing at the moment of bankruptcy.
Same with Plexy (1 failed and 1 running), both refunded, when they bought Flash and changed the static into trailing DD. It's even more stupid because the challenge seems to be active. One of these days I think I will Yolo it and try to get to funded. It would be fun.

I have no mercy for scammers.
  • #45,182
  • Edited 11:34am Dec 14, 2024 6:36am | Edited 11:34am
Talking about scammers, I had the interview with Alpha and passed it without problems.

It was like changing diapers to babies. Do those guys really believe that someone is going to explain them a strategy ? I just fed them with a bunch of non sense bullshit and they ate it all. Approved quickly and payout done next day.
  • #45,183
  • Dec 14, 2024 6:56am Dec 14, 2024 6:56am
Quoting Capablanca
Talking about scammers, I had the interview with Alpha and passed it without problems. It was like changing diapers to babies. Do those guys really believe that someone is going to explain them a strategy ? I just fed them bunch of non sense bullshit and they ate it all. Approved quickly and payout done next day.
There are very few even in brokerage that know what trading is. Prop and broker staff are mostly sales or marketing peoples
  • #45,184
  • Dec 14, 2024 7:27am Dec 14, 2024 7:27am
Quoting Capablanca
Talking about scammers, I had the interview with Alpha and passed it without problems. It was like changing diapers to babies. Do those guys really believe that someone is going to explain them a strategy ? I just fed them bunch of non sense bullshit and they ate it all. Approved quickly and payout done next day.
was that a video call ?
  • #45,185
  • Dec 14, 2024 7:31am Dec 14, 2024 7:31am
Quoting Stoneyrocks
{quote} was that a video call ?
Yes, in zoom with a link they sent.
  • #45,186
  • Dec 14, 2024 8:06am Dec 14, 2024 8:06am
Quoting rizla101
Any ex TFT traders receiving emails about getting refunds on accounts effected by their 'pause' earlier in the year?
yes i did...will follow up to see what it leads too
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Drawdown is more important than Account Size !
  • #45,187
  • Dec 14, 2024 11:24am Dec 14, 2024 11:24am
SOme MFFU news
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Extreme gut feeling trader
  • #45,188
  • Dec 14, 2024 2:26pm Dec 14, 2024 2:26pm
Quoting procrude
{quote} yes i did...will follow up to see what it leads too {image}
interesting, looks like they are trying to rectify all past sins. mine was a bit different, telling me to await communication regarding a refund for account that was affected in March pause of operations.

Let's see what happens i guess.
  • #45,189
  • Dec 14, 2024 2:33pm Dec 14, 2024 2:33pm
Quoting Capablanca
{quote} These were very old accounts, with tons of payouts and one of them even scaled (after these years, they're still my most profitable prop, despite some are getting close). Refund was done long time ago with first payout, so I had nothing to lose here. If I had not been refunded for sure that I would have charged back. I would like to see them coming against me. I charged back Engineer and received the 2 failed challenges and not just the one I was doing at the moment of bankruptcy. Same with Plexy (1 failed and 1 running), both refunded,...
Capa 'the charge back king' Blanca. i did manage to CB 1 account thanks to your previous comments, was little bit harder work then I expected, the bank staff had zero clue what I was talking about, but eventually he came around and sent back the money, the firms seem to have quite a long time to challenge the CB so hopefully the money doesn't dissappear again.
  • #45,190
  • Dec 14, 2024 3:05pm Dec 14, 2024 3:05pm
Tradeify accelerates update of planned changes

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  • #45,191
  • Dec 14, 2024 3:22pm Dec 14, 2024 3:22pm
Some explanation about this in the discord chat ( as Takisd mentioned ; some firms potentially going under)

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  • #45,192
  • Dec 14, 2024 3:45pm Dec 14, 2024 3:45pm
Yes, to think that futures are immune from all the garbage that damaged CFD props is funny. With the increase in options its only a matter of time till some major deaths of futures props will come.

The public should be championing the fight against hedgers, group traders and other gaming of the system if they want the true opportunity to exist. The order flow of these types is useless even for futures and the toxicity will spread and destroy the companies revenues.
  • #45,193
  • Edited 4:27pm Dec 14, 2024 4:13pm | Edited 4:27pm
Quoting Takisd
Yes, to think that futures are immune from all the garbage that damaged CFD props is funny. With the increase in options its only a matter of time till some major deaths of futures props will come. The public should be championing the fight against hedgers, group traders and other gaming of the system if they want the true opportunity to exist. The order flow of these types is useless even for futures and the toxicity will spread and destroy the companies revenues.
It is not hedgers they are worried about. They are using it as an excuse to make challenge tougher. They might be running out of cash as there may be many profitable traders. It is classic CASINO when trader wins against house they either ban them or make rules tougher. Tradeify is becoming like APEX many rule changes without any clear reasons.
How one can do hedging with trailing drawdown and consistency. yes one can do in a way but you will spend money more or less equal to allowed drawdown. SO hedging is clear LIE.
it is classic CRY BABY approach when you allow to pass challenge in 1 day and if traders pass challenge with 100% profit and expect to trade like Larry Williams.
Again why hedging is bad if they behave like classic prop firm to manage risk they should behave like putting live trades to market. If they are putting live trade how does it matters if two traders do group hedging? It is classic victim approach if you fuck it is great sex and if I do it is rape.
Again it is risk free money just milk them with their rules.
  • #45,194
  • Dec 14, 2024 4:36pm Dec 14, 2024 4:36pm
Quoting sampat
{quote} It is not hedgers they are worried about. They are using it as an excuse to make challenge tougher. They might be running out of cash as there may be many profitable traders. It is classic CASINO when trader wins against house they either ban them or make rules tougher. Tradeify is becoming like APEX many rule changes without any clear reasons. How one can do hedging with trailing drawdown and consistency. yes one can do in a way but you will spend money more or less equal to allowed drawdown. SO hedging is clear LIE. it is classic CRY BABY...
I have seen now 4 different database (only from CFD not from futures). Each one is riddled with hedging and group traders. Some of the CFD props now have managed filter out some of this and as a result their revenues plummet as those groups move on but their reputation mostly stays in tact.

I do agree to some extent about the gambling stuff, discretionary rules are stupid, you must make measurables. But if measurable rules exist then traders must advocate to eliminate these groups and hedgers. Until then, props will constantly go out of business because those users are useless to any company a large net negative.
  • #45,195
  • Dec 14, 2024 4:45pm Dec 14, 2024 4:45pm
Quoting Takisd
{quote} I have seen now 4 different database (only from CFD not from futures). Each one is riddled with hedging and group traders. Some of the CFD props now have managed filter out some of this and as a result their revenues plummet as those groups move on but their reputation mostly stays in tact. I do agree to some extent about the gambling stuff, discretionary rules are stupid, you must make measurables. But if measurable rules exist then traders must advocate to eliminate these groups and hedgers. Until then, props will constantly go out of...
Not sure how these rules will help Tradefy to prevent hedging. Hedging is easier in CFD because of larger and non trailing DD.
Props cannot avoid hedging as there are many ways to do hedging just not against prop firm. How they will avoid hedging with my personal account. With futures one can buy options etc.....Unless you put trades on live games can be played. Hedging is expensive and payout are not guaranteed, I rather blow my account than hedge.
Making rules tougher will reduce sales as good hedger will figure out a way to hedge no matter what rules they put.
Classic example MyFF pretty much no rules but sales were top class so they could afford payouts if there was no court case they would have flourished even more.
  • #45,196
  • Dec 14, 2024 5:09pm Dec 14, 2024 5:09pm
Quoting sampat
{quote} Not sure how these rules will help Tradefy to prevent hedging. Hedging is easier in CFD because of larger and non trailing DD. Props cannot avoid hedging as there are many ways to do hedging just not against prop firm. How they will avoid hedging with my personal account. With futures one can buy options etc.....Unless you put trades on live games can be played. Hedging is expensive and payout are not guaranteed, I rather blow my account than hedge. Making rules tougher will reduce sales as good hedger will figure out a way to hedge no matter...
there are patterns you can recognize to see users who are hedging. Especially if they hit the "funded" phase. The industry needs a clean out, both from the bad prop people and the bad customers. Consistency rules help as well to avoid the group traders but not so well. I think if you look at X now a lot of the group leaders are now promoting account flipping and saying prop firms are scam. There seems to be only 2 or 3 active groups remaining in CFD. One in germany, one italian and the vietnamese will never stop other than that is just random small time people. In futures the group numbers are very high, so we can assume some of the futures companies will change a lot as they panic to figure it out and are held under more scrutiny than CFD companies. Having real live funding doesnt cure the risk either so prevention is necessary.

2025 i think will be better for cfd prop than futures because cfd already seem to have gone through this and adjusted.
  • #45,197
  • Dec 14, 2024 5:45pm Dec 14, 2024 5:45pm
Quoting Stoneyrocks
Some explanation about this in the discord chat ( as Takisd mentioned ; some firms potentially going under) {image} {image}
Personally as a profitable trader these rules doesnot matter at all…. Only thing matters for me - PAYOUT….
if a firm is paying n there is no rules that can stop you from getting there.. its just gonna take longer thats it….

btw just to add bulenox added projectx to their platform… so waiting for 90% to load up on them as well….::

kinda liking projectx more than tradovate when it comes to open multiple tabs… faster
Extreme gut feeling trader
  • #45,198
  • Edited Dec 15, 2024 2:32am Dec 14, 2024 10:25pm | Edited Dec 15, 2024 2:32am
Quoting RoelsMajor
The average salary around the world varies. Let’s take the global average as a benchmark. Data shows that for Switzerland, as one of the countries with the highest wages in the world, it is around 6,000 USD (adjusted for PPP, or Purchasing Power Parity, constant). For the US, it is about 4,000 USD per month, for Canada around 3,000 USD per month, and for Australia approximately 3,500 USD per month. In countries like mine, the standards are far below those of advanced countries above. Indonesia, for example, is only about 350 USD per month. Therefore,...
Update Report from IMF
Indonesia GDP PPP per capita 2024 per month: $1379
Indonesia average salary per month: $350
Mine Profession Now (Standard): $Confidential

1. https://countrycassette.com/average-...-country-2023/
2. https://www.visualcapitalist.com/ran...es-by-country/
3. https://www.imf.org/external/datamap...ADVEC/WEOWORLD

Should monthly salaries ideally align with GDP PPP per capita per month? In Indonesia, the average GDP PPP per capita is $1,379 US, while the average monthly wage is only $340 US. Should the monthly trading target income be based on the 2024 GDP PPP per capita per month? Maybe it could be a measure of temporary success (that fluctuates).
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File Type: xls IMF GDP PPP Oct 2024.xls   50 KB | 295 downloads
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  • #45,199
  • Dec 15, 2024 3:53am Dec 15, 2024 3:53am
Quoting montygoldy
{quote} Personally as a profitable trader these rules doesnot matter at all…. Only thing matters for me - PAYOUT…. if a firm is paying n there is no rules that can stop you from getting there.. its just gonna take longer thats it…. btw just to add bulenox added projectx to their platform… so waiting for 90% to load up on them as well….:: kinda liking projectx more than tradovate when it comes to open multiple tabs… faster
too bad projectX does not offer copy trading across different props
  • #45,200
  • Dec 15, 2024 7:33am Dec 15, 2024 7:33am
Does anyone have any real experience with TopOneTrader prop firm?
The CEO Matt Morris always seems to be a reliable human being when he talks and really convinces me each time I watch or listen to him, but I need to know if any in here had had good experience with them.
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