@poopy @Overnight @Specterx you guys were right. i went all in short and blew my funded accounts and all my eval's for some reason the market bounced soon after 3:00 and than bounced again at 3:30 and blew me up.
Journal
- Thread starter nonpln
- Start date
@poopy @Overnight @Specterx you guys were right. i went all in short and blew my funded accounts and all my eval's for some reason the market bounced soon after 3:00 and than bounced again at 3:30 and blew me up.
spooz only rallied 9-10 over that time which is noise on a day like this. So all that you're out is the time and combine fee. 40 ticks in ES should never result in a blow out. I've never met a D1 index trader in futures that was profitable. Virtually all of the futures-spreaders that I know are consistently profitable and trade size. You can't do that on index unless you're inter-mkt (NQ/ES, ES/RTY, etc.)
It's why all these futures and FX deposit prop firms are in the space. Even if you're successful the vig and comms will kill you. I paid $58K in comms in one TDA account in 2023 and my rate is good. If you're not making >10x comms you're wasting your time.
My deepest condolences.
Whooaaa.10x ??.In 2022 I spent apx 250k in commissions with really good rates and didn't come close to 10x..But I also didn't have a down day...
Your sarcasm doesn't become you. Try again son.
Really?
That's interesting if true.
I'm not sure if any other firms does it, but E2T actually publish their statistics on the high failure rate on their programs. I would imagine that out of the few that passes, most don't make it to taking an actual payout. I'm sure the actual success rate is around 5 %.
So, selling these subscriptions is no doubt a huge money maker. The numbers that came out of the MyForexFunds failure a while back now shocked me to be honest. And that's just one single firm:
Whooaaa.10x ??.In 2022 I spent apx 250k in commissions with really good rates and didn't come close to 10x..But I also didn't have a down day...
I'm sure Virtu can say the same, but we're not talking about arbs or HFT here. I have an arb that I exe in a zero comms model (only charge reg when adding liq).
You saying really, is that you just being polite? If by met he means like formed a relationship with and become friends or associates, then MAYBE it's possible on a long shot what he is saying is true, due to his strong bias against d1. He automatically assumes it's impossible.
Other then that do you seriously think someone who has traded over 20 years and knows 25+ pro traders, has never met a profitable D1 trader at some point in his career? Gun to your head right now and your life is on the line would you seriously say " Yup, I am going with poopy 20+ year career and guy has never ran into a profitable D1 trader, that's the most likely outcome".
Well, everyone else bought it. Literally talk about looking for 3:00 and 3:30 long setups and people seriously think I blew every funded and eval account I have shorting it at those times.
Understand you don't think my time is valuable, but I do. Just wanted to confirm people's objectivity level in general.
In case you don't understand the relevance. It isn't worth my time trying to prove something via online to people with extreme bias, who not only wouldn't be interested in working with me even if what I said turns out to be correct, but some of them would get clear enjoyment out of me failing.