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  1. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    That approach would run any prop firm in to the ground rather sooner then later. I left TST because of a rule with my current association that I can not have a personal trading account outside our environment.
  2. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    I would get rid of any trader that breaks a rule. They are not really hard to understand. Why there are such rules is not up to me. I have no opinion about the rules. Are they stupid? Maybe. But I think it is very clear that anyone joining such a firm understands that if they break the rule...
  3. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    I have some experiences with trading for different prop firms where there is capital requirements. The biggest thing I find difficult is that most risk manager on those prop firms are not always very smart. I had two occasion they just blew up, because a trader that was smarter and working...
  4. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    In a nutshell: he passed the test, got funded, broke a rule and find that they are not supportive to traders because he got kicked out. O yeah, and he thinks that people that do pass the test get funded and make money are 'slow to get it what he is talking about.
  5. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    You always have an initial margin to open a trade for the future market and that can be pretty high for a non index future like oil for example. If a regular broker ask 10 grand to open one contract, the 20% profit sharing becomes very attractive to open much bigger positions then using just...
  6. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    There is a third possibility...You finally met someone that just followed the rules, got funded and made it work for more then just the initial drawdown recovery needed.
  7. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    Let me give you a real example here: When oil jumped due the attack a couple a years ago, I just shorted it with 25 contracts while my own capital at that firm was around 30000 dollars. My profits that is. If I want it to do that in my own account I had to have 280000 dollars in it, just to...
  8. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    Sure, I agree that they run a very tight ship with every new trader that comes in and get funded. They have to. Most funded trader blows up in their first 30 day's. But if they have a trader that just know how to handle it, they go far and beyond to make it as sweet as it can be. More...
  9. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    I hope you find a company that will fund you, have rules you like, and will be suportive when you brake them...
  10. danielc1

    How to deal with burnout?

    If you are wondering if you have a burnout, you are probably already there. Getting overwhelmed by your work or just not getting it anymore while it should be simple for you, is a clear sign. The only thing you can do is talk to a professional. Burnout and depression go hand in hand. If your...
  11. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    I do not understand you. You are complaining about the rules, the way they operate according to your insights and still you are considering to 'try' it again?!?
  12. danielc1

    Broker wanted $$$$

    I think there is no ´broker´ interested in an account of 5000 dollar...
  13. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    I'm meddling because I do not agree with your statements. If you think you help people save money because you think you need to protect them so that they won't have your experience, I just state the opposite and say they have to try it and see if they can make money because I did have a good...
  14. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    I really can not answer your questions because I do not run their business. So, any answer from me why they do the things they do, is pure speculation. I do not think people are losers because they break the rules. I only know from my experience that what you have stated is not my experience...
  15. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    I think many people try to take the test and find themselves failing at it and then do not want to take the responsibility of their own failure...
  16. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    TST And I did not get personal. I just disaprove your experience with sharing my experience. I did not state you could not trade. I stated that if you have troubles with their rules, you must just go another road. How you get from breaking a rule to 'the business is a setup and they do not want...
  17. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    I have had an experience with a funding firm that was good. I followed their rules, I passed the test, got funded, made profits, withdraw money. I even got permission to trade more contracts than what they first set as a limit. And I was not the only one. I never had the feeling that they were...
  18. danielc1

    The main reason why doing business with these get-funded programs is a bad idea...

    So basically you are just whining about a rule you have broke, you know in advance that would give troubles with a funded account? Maybe next time stop breaking the rules? If the rules are too 'hard for your trading style, just use your own money. Then you have the freedom to lose it all.
  19. danielc1

    Your Money _ Are You 'Seat-of-the-Pants' Trading It?

    The most common frase I hear in daytrading is: If I Just could follow my trading plan, I would be a millionaire... And that is from people that realise they need a trading plan.
  20. danielc1

    Day Trading to Multimillionairedom

    I believe you have two worlds. One where the people want to be fooled about how easy it is making money trading and they are drawn to all kind of BS. And then you have real people that know it is a learnable skill although maybe not easy. They look for honest information about trading without...
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