Hello, has anyone here received payment from any prop firm?
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} How's that ? For people that don't have patience the no limit won't bring patience. They will go on wanting to pass it fast. So doesn't really matter if it's 30 days or unlimited. For the other ones this can help. I faced myself several times with a 5% DD very close to the time limit, forcing made me to flip coins to see if I could get to break even to have a free retake, instead of losing the challenge fee. Sometimes I'm lucky, sometimes not. With unlimited I could try to slowly recover that, not needing to risk so much. I understand, though,...Ignored
Disliked{quote} I believe he is saying the "no minimum days" is bad for the trader as they try to complete in 1 day or 1 hour. The no maximum is a no brainer.....if we have two LEGITIMATE, PAYING FIRMS and one has no maximum and the other has, I'd say 100% of us are going with the no max. Once again, though, I'm really only talking like if MFF did it, they would absolutely smash FTMO. I'm thinking TFTP is going to be very successful with it do to their size and reputation. As much as most here thing Angelo is an arrogant, egotistical bastard, I am sure...Ignored
DislikedIf a pharmacist took 1 year to complete his exam, would you trust his medicine?Ignored
Disliked{quote} Actually massive discount is also a trap. I will be more worried if they give discount on 100K or above. I remember funding talent also gave discount when they are about to go busted. Any prop firm be it FTMO or MyFF have casino model, moment external regulation or client base shifted they will go out of business. These prop firms should be used like cash back offer the whatever you can spread risk with couple of them and build personal account.Ignored
DislikedLike I said before the road to successful trading is an expensive one, paved with blown accounts.Ignored
DislikedThe minimum days is what I was referring to. The biggest problem aspiring traders/gamblers have is greed and FOMO.Ignored
Dislikedthen it will be the demise of some companies as servers fill up with trash, perform worse and ultimately lead to massive downfall.Ignored
Disliked{quote}-Maybe the idea to have traders pay a small, refundable fee for each month that they require will help to avoid this and also to ensure that traders stay motivated to complete their challenge. Such as, "Hey, loser, it looks like you have not completed your challenge before the allotted time has run out. Would you like to extend it for another month for only $30 USD? This fee will be refunded to you following the unlikely completion of your challenge(s)."Ignored
Dislikedfor a 100k account, 425 $ is good price. But 8 % loss limit not acceptable. I can blow challenge or funded account in just 2 days. Third day is no more. It should be atleast 10 %. Any firm less than 10 % not acceptable to me.Ignored
DislikedMaybe, but starts to sound like purchasing credits for slot machine.Ignored
DislikedThe marketing of some of these firms is bound to catch regulator attention.Ignored
Disliked{quote} //----- no, never did...... gave topstep a try once a few years ago completed phase 1 but timed out on phase 2..... we were working 14 hours a day, 7 days a week..... 1 day off a month...... losses have never concerned me in the least..... have often wondered why that is...... but there is no way i could spend $200 on dinner...... not as long as taco bell has that dollar menu...... and only once a month there..... might sign up now though...... decided to drag up at work last month...... for good this time..... myforexfunds seems ok....h...Ignored
Disliked{quote} //----- no, never did...... gave topstep a try once a few years ago completed phase 1 but timed out on phase 2..... we were working 14 hours a day, 7 days a week..... 1 day off a month...... losses have never concerned me in the least..... have often wondered why that is...... but there is no way i could spend $200 on dinner...... not as long as taco bell has that dollar menu...... and only once a month there..... might sign up now though...... decided to drag up at work last month...... for good this time..... myforexfunds seems ok....h...Ignored
Disliked{quote}-In terms of target vs. draw-down, many firms require between 110% to 150% total gain on the account, over the course of the challenge/verification phases. I am now seeing firms that are pushing 1-step challenges as something great, but are requiring a 200% gain on the account, at the same or higher cost as a 2-step equivalent. The model may be a 1-step model, but the amount of profit that you have to gain on the account makes it almost equivalent to a 3-step model. People are falling for it, as usual. I think, if you are maxed out and looking...Ignored