@deez19801@MichaelPatak You sound like “I cannot trade profitably, I barely passed a combine now I wanna sim farm, if you move me to live I then I cannot have 10k months trading live so I’ll just leave topstep to sim farm elsewhere”
Sounds like a skill issue to me
@lanto_trades MFFU is really one of the best firms. Just because its harder to “sim farm” mffu doesn’t mean its bad.
Matt has seen the the great fall of CFD firms few years ago, he’s not trying to repeat those mistakes (which Apex, TPT, Topstep etc are currently making)
@TraderLe@E8Futures If you really think about it, a prop that that doesn’t promote traders to live and technically just a Pyramid Scheme. They’ll need new buyers to keep paying out the top 1%. The losers quit, but the winners stay. And eventually the firm will go down.
@TheTrustedProp@MyFundedFutures Nobody care about you lil bro. Delisting a firm because of a “personal” issue is already a mockery of your brand, it means anyone who’ll lick your ass and you’ll promote them.
MFFU is one the best firms out there, and it will one of the last one standing.
@andrew_nfx How can you not be profitable if they don’t payout? Can’t you just trade their live accounts and just make money? Or are you one of those traders who are “prop profitable” (because they game the system) but are not actually profitable with personal live accounts.
@ajtradinglucid Exactly!!
Thats why I’m a big proponent for props making rules harder! If you’re a profitable trader then it shouldn’t be problem.
I rather have prop with Harder rules that keeps paying out, than a prop with easy rules that can’t sustain itself and goes down (FundingTicks).
@thebrianstonk Industry standard is also 5 accounts max. Apex does 20.
Other firms you’ll make less on sim and more on live.
With Apex you’ll make more on sim and less on live.
Genuine question what is Apex supposed to do? Just let themselves be milked infinitely and then shutdown?
@BuckeFPS Messi is Steph.
Ronaldo is Leborn.
Both are goated but Ronaldo is a more “complete” player like Leborn.
Ronaldo is good with left foot, right foot, with the head, team leader etc.
Where as Messi can be one dimensional like Steph.
@aw_trades_ People really need to more grateful of Apex. They let people make 200k,1M,2M payouts. Never denying.
But when they finally stop giving to free money to profitable traders everyone starts bashing them.
Are they supposed to let themselves get milked infinitely and then shutdown?
@TraderSumo1 Also look the futures firms that went down, Fast Track Trading and Funding Ticks.
Look the mistake the CFD and Future firms have made, and you’re trying to do the same mistakes again.
I’m not hating btw, just genuinely worried and hope you know what you’re doing.
@TraderSumo1 Do you genuinely believe this is gonna be sustainable long term?
No consistency, daily withdrawals, a firm like this is gonna be absolutely rinsed.
Go study the fall of MASSIVE cfd firms few years ago, (The funded Trader, True Forex Funds, Skilled Funded trader, Funded Engineer)
@TraderSumo1 The higher the number of evals allowed, the HARDER the evals need to be.
Apex used to be good with intraday trailing drawdown, but the moment they made their evals easier by removing intraday trailing, is the moment their downfall began.
@joker_szn Double bottom is just a broader definition by the OGs, it includes a, double sweep, equal lows and 90% retracement. All of these count as double bottom “pattern”.