Big payout from @FTMO_com ๐ค
I need to explain the positive & professional experience I had here, particularly as I have been seeing some posts suggesting that there is something wrong with FTMO at the moment.
My account was recently switched from their swing account to standard & different rules apply. I made a mistake which led to a minor breach on my account.
Now let me tell you something, there are a few, reputable prop firms that are great options to trade with. I trade with many of them myself.
I categorically do not know of any other prop firm that wouldn't use this breach as an opportunity to deny this payout, close the account, or both.
I'm not a paid affiliate or anything like that, just sharing my experience
@FTMO_com are comfortably, the most reliable CFD prop firm in the industry, don't pay attention to silly posts saying otherwise ๐
I will just say this: there is such an extreme compression of capital around Hyperliquid right now, but one of the main factors holding it back is US regulatory acceptance
Once @HyperliquidX gets added to the United States, there will be such a mad dash to implement all of the things being built in the background.
And I assure you, this is not being priced at all. The HYPE price continues to move in lockstep with revenues and buybacks. The coin doesn't even have the ability to price this type of regulatory change because institutions know that they can't even touch it without getting into massive trouble.
This is fundamentally different from Bitcoin reaching mass adoption with ETFs and DATs. Hyperliquid is actually generating cash flow every day in real time as it brings THE most disruptive financial product to the market.
Right now, $PURR is THE way to get exposure to this without hitting regulatory and compliance issues. If a large player goes to their compliance desk and asks if they can buy HYPE, compliance will just shut them down because it's too risky when the protocol is banned in the US. Add in the fact that ZERO VC money is backing Hyperliquid and you have a perfect storm where Hyperliquid is setting up for one of the largest rallies ever seen in crypto. This is why my largest position is $PURR
HYPE is already telling you this in that it has diverged from Bitcoin and has almost more HIP-3 open interest than crypto open interest. This will only increase as we move forward.
I make ZERO apologies for being vocal about my $PURR position. I am here as a risk taker with skin in the game. If you own $PURR, you deserve every single penny of gain for the risk you are taking. There is ALWAYS risk to everything.
And we haven't even talked about the credit cycle right now! I will link my thread below on this.
Fundamentally, my entire goal is to focus on highly concentrated asymmetric bets. Hyperliquid and specifically $PURR is this bet.
We are up 100% from when I first shared the thesis with subscribers and we are just beginning.
Welcome to global macro
Korabi is touching on a harsh truth that the entire prop space needs to hear right now.
We are seeing a massive rise in small prop firms popping up every single day. With that saturation, industry rules are getting tougher, and payout rejections are higher than ever. It has reached a point where traders are constantly stressed, worrying whether their hard-earned payout will actually arrive or be denied over a hidden technicality.
But as an industry, we also have to look in the mirror. This space is not a casino.
Yet, too many people treat it exactly like one. Buy a challenge, hit a quick payout, blow the account, and buy again. It is an endless, exhausting hamster wheel.
Real trading is a completely different game. If you actually want to build a sustainable career, prop firms must be your stepping stone, not your final destination. Your focus should be taking those payouts, escaping the loop, and using that capital to fund your own live accounts.
When you trade your own capital, there is no reset button. That changes your entire psychology. It forces you to operate with ruthless discipline, making calculated decisions to grow your account steadily and with true consistency.
The rewards of playing this long game are life-changing. There is an entire space out there in the real financial world where, once you have a proven live track record, you can allow private investors to put money directly into your portfolio. You can earn massive capital just by trading your strategy and taking a well-deserved percentage share of the profits they make.
The ultimate flex in this industry isn't how many funded accounts you can collect. Any prop trader who is methodically shifting their payouts into a personal live account and scaling up from there is a real trader. Build for longevity. ๐ค
Scammers @fpfxtech really had the cheek to ask me be part of their scamming business after SCAMMING ME as a consumer
In case you guys don't know who they are, they are a tech provider for prop firms, and they list more than 150 props under them, which they also own a share in their business (which was why they sued Fundedengineer when FE lied about their own profits to FPFX)
If you are found profitable enough on any of the firms they are behind (like I did with @fxifycom with 88k payouts), you'd be put on a blacklist and be banned from any firms you had payouts with. The firms themselves won't even tell you that you are banned, because that makes it obvious that they are sore losers and basically only looking for unprofitable traders.
Those who have been around long enough would have remembered the times when many users were unable to purchase from Fundedengineer, and on the checkout page they just give an error message. Support would then tell you it is a technical error thats being looked into and 6 months later they were still looking into it ๐คฃ
The scummy part is they still allow you to purchase at firms where you've not had any payouts with yet, and once u pass the challenge, instead of a funded account they would reimburse your fees for that 1 challenge (sorry if you took 7 or 8 times to pass) citing that your trading behavior/strategies do not align with what they are looking for lol
Most of the bucket shops that you have never heard of are probably under FPFX, stay away from these firms
@MTradingX@salmanmunir96 do correct me if there's anything wrong with what I said, thank you
Short Bitcoin here
There is a chance this plays catch up to s&p, nas etc
But sitting at range highs, there is good RR for mean reversion here and so far, bitcoin hasn't seen those initiative buyers step in to search for value higher like they have elsewhere
$BTC $BTCUSD
how many more days do you need to see $HYPE outperform the rest of the crypto market?
how many more positive headlines about hyperliquid breaking the conventional trading infrastructure do you need to read?
how many more times does $HYPE need to hit a new ATH versus BTC, ETH, SOL, and every other major crypto?
how often do you need to hear that the assistance fund is burning millions of $HYPE every day?
before you finally buy in?
The way some people speak to others on here, in this prop space, particularly when behind an anonymous avatar, is very different to if they were speaking face to face
Donโt rate it tbh
Social media definitely gives people way too much confidence