Fénix

“Like a Phoenix, I burst from the ashes of my despair to a glorious new hope.”

The Naroditsky family shares the sad news of Daniel’s unexpected passing. Daniel was a talented chess player, educator, and beloved member of the chess community. We ask for privacy as the family grieves.

@Gabbooox @MarketShogun @bioinstinctive It's 3%

@MarketShogun @bioinstinctive I think 10% is a big overstatement

@propscam They fixed it

@Fallen_Fenix_ Hopefully

#Scamfundednext does it again new way to blow traders account. I always have been warning stay away from #scammers #fundednext They only here to take your money and #scam traders Hopefully this will be eye opener for many #ETH

@TheAlgomad @ImTraderFX @FundedNext Same here, no issues

@ImTraderFX @FundedNext Been funded for about a year on my 25k account which is scaled to 35k. And bought 100k couple months later,scaled that aswell. Total withdarawals are about 30k until now. No issues 0.9% risk per trade, 2-3x max lev, swing trader

@tradewithian You cannot change your plan after a 9% drawdown. Stick to your plan; if you incur losses, pick yourself up and learn from your mistakes. You can always start a new one with a reduced amount of risk. Even good traders can experience evaluation losses from time to time.

What would you do if you went into a -9% drawdown on your prop firm account to recover? A respectable and genuine response is highly appreciated.

@ImTraderFX @FundedNext Indeed.

@Alanfxtrade @FundedNext I've been flagged by those automated emails before. Most likely it will be resolved.

@MadeleineTrades @FundedNext These dudes pay fast

Feeling cute today might get paid by @FundedNext later 🤭

@JakeTheTraderFX @FundedNext And that's only the beginning, enjoy the 100k

I have something to show you today that I'm really proud of. 😇😇😇😇 I managed to generate a profit of $5,964 in my FundedNext account. That's after the profit split of $4,771. And to make it better, @FundedNext has a bonus that if you make a profit of more than 5% on your funded account, you are entitled to 15% of the profit you made on the first and second phase. So that makes $4771 and $1950 as a bonus. So that makes a total of $6721. I couldn't be happier. The bonus from phase one and phase two is something else entirely, and for me, that's the thing that makes FundedNext one of my favorite companies. When I started trading years ago, I dreamed of something similar. But I didn't think it would feel so great. Thank you, FundedNext! ❤️❤️❤️❤️ This bonus is a gamechanger and it's a shame that FundedNext are the only firm to offer something like this. @RiffatFN @FundednextSpain @fundednextTR

@IamBinaraymond @FundedNext I've been funded with them for awhile. Trading conditions are not really a problem

@FundedNext Hope there are no silly slippage on funded next like some few other firms that has so much slippages?

FundedNext toolkit for our traders- ✅MT4/MT5 ✅cTrader ✅TraderSync ✅FundedNext Trading Journal ✅FundedNext Trade Manager ✅News and Equity Manager What else does a trader need? Let us know!

@MadeleineTrades @FundedNext Same issue, not a big deal though

Thank you, @FundedNext 💜✨ So far, the only thing I dislike is that both times I had to ask the support to unlock certificates as I wasn’t able to access them. Anyone else had this problem? 🤭

@propsafeio @FundedNext @epfregnews @Riffat_Ahmed007 They're probably holding until confirmation. I'm guessing it is one of those automated copy trading alerts

@FundedNext @epfregnews @Riffat_Ahmed007 I spoke with a trader last week who couldn’t manage a video call due to his time zone & the time slots you offered, he has yet to receive payout & it’s been over a month. I’ve read all email back and forth. So I’m clear. Are you stating you have never once denied a payout? 🧐

UPDATE! Funded Next has addressed situation & it’s been handled. We will continue to monitor Shoutout to @epfregnews for pinging @Riffat_Ahmed007 who sorted this promptly for the trader. I stand by what I said and hope to see less situations like this one in the future.

@hunter_4x Denying payouts and closing accounts

What's your biggest turn off when choosing a firm

@hunter_4x A good looking CEO

What's the number one most important thing you look at when determining the firm you associate with.

@hunter_4x Great for swing traders

Only firm that offers swap free on all accounts... No added commission

@propsafeio I've been using a VPS with Funded Next. 2 payouts with no problem so far.

Currently investigating a case where 20+ traders were denied funded accounts based on “IP address changing or matching other accounts” Been seeing this a bit lately. Guess anyone who happens to live with another trader or uses VPN is shit out of luck 🙃

Despite being down nearly 70% from its 2021 highs, there is still a high likelihood that Bitcoin succeeds. With the market going sideways, Bitcoin volatility near all time lows, and me losing my mind, decided to compile a few thoughts on why: It is widely known that Bitcoin was created out of the 2008 financial crisis, with the foresight of Satoshi that the moral hazard and incentives set in place during that time period of central bank intervention would cause an alteration in the fabric of financial perception due to continued monetary expansion. In the 15 years since, federal debt as a percentage of GDP (The US economy's output) has risen from 60% to 120% today. There are two ways to resolve this from first principles: Either we must increase the growth of the economy at a greater pace than debt creation or lower the amount of debt created relative to the growth of the economy. While the economy surprised estimates and grew by 2.4% (annualized) in the second quarter, during that time period public debt grew by 2.7%, which comes out to 10.8% annualized. To keep pace with decades of debt creation, the US would need nothing short of an AI-fueled utopian miracle. On the other hand, political incentives to be liked and re-elected leave a low probability that elected leaders will prioritize greatly cutting spending. At the same time baby boomers are coming into retiring age. The social security programs that they rely on must be supported by the new working class, which is smaller and in a tougher environment for relative wealth creation than baby boomers. These factors combined leaves us with a high probability of debt relative to GDP increasing. So with debt growing relative to the output of our economy, how will be service the debt? The answer is quite convenient when you have the global reserve currency like the US does, which is through monetary debasement. To keep things simple, if the United States issues debt at a 5% annual interest rate, they can simply increase the amount of monetary units (5% in this case) that they are paying the interest in accordingly. This means that they are paying back their debt in nominal terms (raw dollar value), but not in real terms (adjusted for debasement), and it’s the countries that we issue debt to that get screwed in the process. However, from the US’ perspective, why would you not just continue debasing the debt away? At this point we have continued to do so for so long that the amount of debt we’ve accumulated relative to GDP leaves only one realistic option to avoid defaulting, which is monetary debasement. Many would consider the structure what the US is doing to be a ponzi scheme, as they issue debt that’s paid down by issuing more monetary units and newly issued debt. So, what assets should benefit from this over the long term? This largely boils down to growth and scarcity. Stocks are a decent option, which is obvious by just looking at a chart of equities over the last 15 years. Interestingly, relative to M2 money supply the S&P 500 has barely made new highs. Real estate seems like a decent option as well, but isn’t highly liquid. Venture/angel investing is an option, but will be highly difficult to properly execute on by an every day citizen that hasn't gone through Y-Combinator. Commodities seem like a decent long term bet, but ultimately the choosing of which largely can boil down to scarcity, utility, and monetary properties. While gold has traditionally been widely viewed as the go-to commodity to own during periods of debasement, after the next Bitcoin halving, the digital asset will have a higher stock to flow ratio than both gold and silver; while also being more transportable, divisible, verifiable, and provably scarce than all other commodities on the planet. While the recent rate hiking campaign (that is increasing federal debt as treasury yields rise) to combat the rise of CPI in late 2021-early 2022 has put a damper on most assets, this does not alter the long-term trend of the monetary/debt situation in the US, which with enough time will lead to money printing. This is not to mention the increasing likelihood of something “breaking” the higher and longer that the Federal Reserve maintains interest rates, that will ultimately be met with intervention – the timing of which has been wrongly speculated on for over a year by commentators (including myself), so refer to your favorite macro pundit. I recently read through a report from the United Nations which included a couple very interesting charts regarding trends on global sentiment and perception around living standards; some of which I think also point towards pre-conditioning that is favorable for Bitcoin to reach mass adoption. For one, negative news about the world has surged to new highs (chart below), which could partially be attributed to the polarization of these headlines and incentive for journalists to write negative news for click based advertising dollars -- but I think the larger driver is a decreasing outlook for people to be able to live a better life than they do today. Meanwhile, the UN's global human development index has declined for two years in a row (report was published in 2022 so slightly outdated) and has erased the gains of the previous 5 years. All the while, political polarization is on the rise throughout the world (shown by the chart below). Combine these factors and what do you get? According to Pew Research, public trust in government is near the lowest that its ever been, down from 79% when the study originally began in 1960 to just 16% today. Why is this happening? While the answer to this is likely greatly nuanced and I don’t mean to overgeneralize – I think there’s a high probability that these trends are largely fueled by monetary debasement. Why? Continued expansion of money supply inflates the value of those who own assets, while making them harder for those who don’t own them, to obtain. Here’s a breakdown of assets by wealth group as of Q1 2023 in the United States: (shown in chart below) As a large portion of Americans continue to feel more left behind and dissatisfied, they will likely seek to rebel against the current system, or seek alternatives, which is a dynamic that macro historians/commentators such as Ray Dalio have discussed at length. I believe these dynamics will create the preconditioning for a willingness to adopt an alternative monetary system; and with the existence of an escape valve via Bitcoin today, my money is on the first successful iteration of digital scarcity becoming adopted by society. Not to mention a similar dynamic takes place on the nation state level with the US itself benefitting from the dollar system and others not. Meanwhile, combined with the structural trends of debt/demographics and obvious trend of the world becoming increasingly digital, the setup for Bitcoin is becoming increasingly favorable. All to say, over a decade plus time time horizon, orange coin good. Sources: fred.stlouisfed.org, hdr.undp.org/system/files/d…, federalreserve.gov/releases/z1/da…

15 visuals every investor should memorize: 1: In the long run, stocks win:

@dennis16_lucky @FundedNext June 26th, According to their support chat.

@FundedNext @FundedNext when does it expire ?

50% Discount running guys! Let's celebrate together!

With respect to Binance, I'm reading through the SEC complaint. It's over 130 pages, but seems like the next in a series of steps to implement chokepoint 2.0 in the United States. The end goal is a agenda based CBDC partnered with a handful of massive banks and end-to-end control over every aspect of your financial life. A regulatory event is where you have a debate about compliance with a law or guidance. This event seems to be a polticial philosophical disagreement with the very existence of cryptocurrencies and what they represent. An unelected group of people have decided that concepts like self-sovereign identity, owning your wallet, and the freedom to control your economic agency should be removed from the masses and given to the "enlightened" few. Honestly, what is happening isn't anything new. It's always the same fight between freedom and authoritarianism just with different players, technology, and words. It does seem like this event is a perfect opportunity for the entire industry to set aside it's fragmented nature and unite for a common sense set of rules and guidelines that can prevent the United States from slipping into a distopia that would make 1984 look like a vacation. I'll have more to say later, but will close with we are going to be fine. Everything's alright and the future is bright for the industry.