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re: Anybody trade with prop firms...
Posted on 9/8/24 at 12:06 pm to Gideon Swashbuckler
Posted on 9/8/24 at 12:06 pm to Gideon Swashbuckler
Honestly, it sounds like a pyramid scheme and the payouts are really funded from the money from fees and selective payouts.
I haven’t seen this many red flags since the poster that promoted the risk free returns of AI crypto trading through Celsius.
I haven’t seen this many red flags since the poster that promoted the risk free returns of AI crypto trading through Celsius.
0
Posted on 9/8/24 at 12:35 pm to UpstairsComputer
quote:
There's a lot of meat on this bone... You're trying to say you're a professional trader and have never blown an account?
Noo I've definitely blown accounts. I haven't blown funded accounts bc I size soo small in the early stages and let my wins build up until I start taking more decent sized trades. If I had two red trades in an account I don't trade for the rest of the day. I also don't trade copy my funded accounts, this also frees me up mentally to make more sound trades.
As far as the prop firm/10% insinuation, it's a mental thing. I'm better not risking my own money. I just trade much more free and more robotic, rather than getting emotionally invested. I definitely see your point, giving up 10% of your profits but it works for me.
Posted on 9/8/24 at 12:40 pm to UpstairsComputer
quote:
Listen to yourself. If you're a good, consistent trader, why PAY someone 10%??
Lol to be redundant, it's a mental thing. If it were my money being risked I know I'd be more nervous and more apprehensive to take trades.
The best and most successful trader I know (who is worth 100m+) still uses a prop firm when he can bc he says he doesn't size appropriately with his own money.
Trading is more mental than anything. Anything to help give you an edge, I say go with it.
Posted on 9/8/24 at 1:17 pm to bayoumuscle21
quote:
I'm better not risking my own money.
I’m glad it’s working out for you. It sounds like you found the only business on earth where they seek hobby traders to risk their money hoping to achieve a potential 10% commission.
Posted on 9/8/24 at 1:25 pm to bayoumuscle21
quote:
my trading group
Can you enlighten me on this?
Posted on 9/8/24 at 2:11 pm to lsuconnman
quote:
I’m glad it’s working out for you. It sounds like you found the only business on earth where they seek hobby traders to risk their money hoping to achieve a potential 10% commission.
No I'm sure they make a killing on people resetting accounts but thanks for the intended jeer.
As I said earlier, they also copy your trades if you've been consistent in the past....they're making money.
This post was edited on 9/8/24 at 2:20 pm
Posted on 9/8/24 at 2:18 pm to kung fu kenny
quote:
Can you enlighten me on this?
A private, free discord of about 20 traders that have been trading together for about 6-7 years. We all trade futures, commons or long term options.
Posted on 9/8/24 at 8:52 pm to bayoumuscle21
Well that sounds nice
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