Edison
2.1K posts
Edison
@fxEdisonn
Shitposting, holding furus accountable for their bs & documenting my simulated FX journey | ex Cyber Sec consultant/Penetration Tester & Developer
Kosovo Katılım Ağustos 2023
100 Takip Edilen710 Takipçiler
Thanks FTM for this wonderful opportunity .You are the best firm ever.
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MFF VIP account (3+ years ago).
Daily payouts, all trades a-book other than some index CFD's which had off book pricing (there was a price gap feed vs execution of 30+ points due to calculation of how a CFD is priced and the audience didn't understand when it was explained).
Net result of a-book, loss.
I designed the program, the daily payouts were built in the hope that users would take as much out as fast as possible to eliminate or lower a-book risk as fast as possible (and be less than b-book risk). Its a mixed bag of working or not working but if all the "profitable traders" ended up on VIP eventually it would have collapsed the program knowing what I know now and that is that when you expose a demo trader to the live market the decay is real and its fast. If you speed up the payout cycle they are more likely to overtrade, behave erratically and rather than trade, consider the account an ATM machine. It was the pathway to live without being kicked in the balls on the way, but futures doesn't want you to know that.
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I haven't had time to speak about FTMO but will later
Got alot of interesting DM's too
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@propwarzx im sure there's no chair, its just a pile of cash you're sitting on
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@PropJoshD enough with the sidequests, go back to mff and save the prop scene 😜
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In December I started building a new product after toying with ideas in my spare time. Its late, but in about a month, the first prototype will be ready and I will be ready to start talking about it and starting the fun process of building something new.
With the help of two friends we have decided to make a fun product we can be proud of as opposed to looking at being a part of something that already exists. Our goal is to test our creativity and push inventive limits to make something fun.
Its all very exciting.
GIF
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@Femi_cia No because I can only receive the funds in Paypal/Payoneer and they both take a lot of feeeeeeees I've tried paypal now just tried payoneer
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Getting paid in USD and getting the amount in my bank account in EUR is always such a pain and involves high fees wtf man
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@MTradingX @PropJoshD @revonetrading i just searched the word CEO in their tweets to try and find who the ceo/owner is and i saw the replies LOL. Wtf is that all about
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Dont like the all AI reply approaches from the page itself etc.
40% is far too low to be fair and sustainable over long term and with volume, especially once clientele matures and winners stay on for the long run.
Though I really like finally there is some risky moves made by a prop, so for that they have my utmost respect
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Really interesting innovation by @revonetrading a very different model. I have some critique though because a few things worry my over active mind.
I will give the round of applause first because its something different which is always a big positive.
Here is my critique:
1) All the rules aren't necessary for this model, you could just have a straight to funded model and distribute the same way (would be way more popular too)
2) Price is too high
3) Something that could be simple and sweet is a bit over complicated with all the add-ons and options, feels a bit like a mobile game where to get to the next level you need to pass the paywall.
4) Legally in the US this type of game is regulated by the gaming commission, and i see you are in NJ. In terms of the grey area that prop operates in, this seems less grey to me but I am sure you sought legal advice on it.
Other than that very interesting, 40% is a bit low and the copycats are going to come hard and fast and increase that % and squeeze the margin out.
Kudos to you guys for innovating.
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Anyone else bored of the same rubbish on X day in day out?
It's the same pages with attacks on the same companies everyday. It is always good companies they attack too, never the ones actually doing bad things.
I wonder why they don't use their reach to call out the people orchestrating the cheating groups🤷♂️👁️
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GM Traders
And that’s a wrap! 🎭 April Fools’ Day is done.
Massive shoutout to everyone who tapped in, played along, and made it absolutely chaotic (in the best way possible). The energy? UNMATCHED
Caught the joke early? 😅 Elite.
Almost believed it? 🙃 We got you!
The Audacity Capital community never misses, and we’re just getting started.
Giveaway time.
Drop “AUDACITY” in the comments and tag 2 traders to win.
We’re selecting 5 winners.
In 48 hours, @grok will pick the winners.
AudaCity Capital@Audacitycap
GM Traders $240,000 Funded Account We are gifting EVERYONE with a $240k funded account today. No requirements. Just comment "I'm ready"!!!!!!
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but isnt 3.1k a bit above industry avg? based on the small data i’ve seen from the likes of rise trackers like, i barely see any prop above 3k, i even remember @virasana_ni used to say that an avg payout of 2k per payout or below is healthy for a prop. Could you share a bit more about industry avg numbers?(for biweekly)
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Not chiming in on anything but 1 thing. The numbers at the end.
If you know what I know, and you can do some quick math. Either FTMO traders are amongst the lowest paid per split on the 2 phase set up, or something doesn't add up. Perhaps it would be better to just hook up to @PropFirmMatch and let them API in your payouts for clarity.
FTMO.com@FTMO_com
Hi everyone, let’s clear this up. The issue here isn't about hiding negative feedback; it’s a straightforward breach of contract. Clause 10 exists to protect the privacy of all parties involved, which is standard practice in almost any industry, not just prop trading. We don't hide negative comments – you can easily see that we reply to them directly and constructively across all platforms. However, sharing confidential correspondence or resorting to vulgarity, even out of frustration, has no place in the FTMO community. We want to thank the responsible traders here who understand that an agreement is an agreement. You don't build a 10-year track record by banning skilled traders. Our foundation is built on long-term fairness and supporting trader development. Just last month (February), we processed over 10,000 FTMO Rewards totalling more than $31,500,000. Stay disciplined, focus on your edge, and keep growing.
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@TylerG_Capital did u have the same restrictions on darwinex? is that why u stopped trading it?
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The CFD space is officially over.
There I said it.
The shit I see is actually disgusting.
You don’t get any of that nonsense trading futures.
- one sided betting rule…. (Yea no kidding or else I would be hedging)
- margin rules….(pal we r trading demo accounts what are we even talking about about here)
- max risk per trade rule. (Then what is daily drawdown for)
Sad to see honestly.
Just complete hypocrisy. If I burned my account to any of those rules the firms wouldn’t come save me right.
Absolute shame really.
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@AutismCapital Why aren’t you mentioning your owner Elon?
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Ghislaine was a Reddit supermod. Epstein was a 4chan troll who likely started /pol/. You can’t even make this up. Apologize to your local schizo.
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@salmanmunir96 @Market_Emotions @Stephb022 @EquityEdgeUK @BeefDayPepe @MTradingX condition is you send back 4939
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@Market_Emotions @Stephb022 @EquityEdgeUK @BeefDayPepe @MTradingX Probably a condition before payout is disbursed.
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if there's no coming back probably call it a day, apologize, explain how u think it went wrong,
-pay employees what is owed first if any
-leave 25-35% of the remaining funds for proportional refunds based on where they were(p1, p2, funded in dd)
-split the remaining funds based on how much people have profits on their funded accounts, basically in a shares like system
or do like the avg very good ceo and pocket everything
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If a firm has serious financial troubles what should they do in your opinion?
*Disclaimer: Nothing to do with ATFunded or ATFX
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My favourite time of year
Over the past year I've carefully collected files of every payout posted on X
They're carefully filed, categorised by name, and then sorted by transaction date
Over the next two weeks I help traders by reporting all of those transactions to the IRS
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@stoploss_ @fundingpips if he was caught group cheating on FP, why wasnt he banned on ticks?
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Benny here is already banned from fundingticks because he got caught group cheating on @fundingpips awhile back
Birthday Pepe@BeefDayPepe
@KING_OXXC @fnfutures other than FNF and fundingticks, I dont see problems with other futures firms now
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@fxEdisonn Paahh haha
Honestly,
Its not as funny as it sounds when you have to deal with them haha
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