easiest money in my life

schizo said:
But wasn't @zghorner replying to that smartass joker @I-am-yo-mama? But then I saw this. Now, I ain't so sure who the real joker is.



So my question is, did Padu blow up his account since my last visit here or was he always on sim from the beginning? The guy's an enigma. :rolleyes:
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I always wonder if these futures funded accounts get statements from their broker to see if there are CQG or Rithmic fees. I think that would be the objective evidence that their trades our routed.

If not, it's purely play money where Toptstep just makes you think you have a funded account (technically smaller account since you're forced to reset if you lose like 2-3% in a day or something),
 
hilmy83 said:
I always wonder if these futures funded accounts get statements from their broker to see if there are CQG or Rithmic fees. I think that would be the objective evidence that their trades our routed.

If not, it's purely play money where Toptstep just makes you think you have a funded account (technically smaller account since you're forced to reset if you lose like 2-3% in a day or something),
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If my statement shows that I've made money, they better pay me or I'll be suing their ass. But since I've never taken one, I'll keep my trap shut.

Regardless, what really amazes me how gullible these noobs are (and I don't mean it in a pejorative way). First, if these traders thought they could pass the combine and get funded, why can't they just scale up their strategy and build their account in-house? Obviously, they don't have such a strategy and all these firms know that just as well. Hence why they stipulate endless rules and regulations to make it even more difficult for you to pass.

Proving your mettle no longer matters anymore. Only an idiot naively believes that talent still matters in trading. Wall Street firms definitely don't (and likely can't) make money from directional bets, so why should you think you're any different?
 
schizo said:
did Padu blow up his account since my last visit
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Prop funds do not allow you to 'blow the account'

lose 5% and you are out.

it is easy to get funded.... just reset and reset . you will hit in one day.

but you cannot make money unless you have a strict trading plan.

my problem is that i see/know too much but i am not able to systematically organise that information into confident course of action.

Brooks does emphasize this side of trading but he does not give a simple plan like Wade does.

Brooks is clear THAT HE IS NOT FOR NOVICE TRADERS.

Wade is fantastic and i think anyone who sees his videos will get on the right road and will not lose money if they learn to follow his rules.

He is clear that in certain situations just stay out. and this is where the novices and pro differ: pros know when discretion is the better part of valor
 
schizo said:
I haven't read all the posts here so fill me in. If Padu is (or was) on sim, what was this all about (below pic)? It clearly states "certified FUNDED trader". From what I know, you don't get funded with monopoly money.

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i have got funded 3 times but you can lose a funded account if you lose 5 % . you have to be great trader to remain funded and it that case why would you even need a prop firm?

the thing is i want to trade US markets toe arn in USD and i can only do that with a prop firm. GOVERNMENT BLOODY RULES
 
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