Josh Dentrinos - Founder of Trader Fights

20 year FOREX veteran. Brokers, trading, Prop Firms.
All opinions are my own. Previously of @MyForexFunds and @ATFunded , Founder of TraderFights

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

I still remember when one of the affiliates of a hedging group run by prop police yelled at his wife on an interview for suspicious activity for saying the wrong answer to the rehearsed interview.

The public might think they know what is happening from the traders perspective, but the number of funny interviews, d... pics used for KYC and other crazy stuff that goes on in the space is often ignored. If you are a female support agent, you are a trooper for living through the constant barrage of r... threats and other nasty behaviors.

Thought I'd share because it came to my mind all of a sudden and made me giggle.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

I remember the first time I heard the term "BOGO" and I thought it was a stupid idea then, and I still think its a stupid idea now. Math ain't mathin.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@AwaisCh34340065 @FundedHive lets see what change can come.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

An update on my Fundex account.

I am now funded and I have started to trade my funded account and I have a little grievance which I have brought up to the company in private but am also going to just bring it up in public as well for transparency sake

Whilst I have had a decent experience so far, transparency is always key, always will be.

My initial plan with the account was a reserve, then increase in size. Again, i am by no means a pro trader, so whether it worked or not is always going to be on me.

Unfortunately its not really mathematically sound to do so with Fundex unless you have a crazy win rate and I will highlight why.
If you look at my screenshot, the company takes 30% of every profit trade, regardless of previous trade being a loss.

What this means technically, is that the profit split is more than 30% to the company depending on your journey before requesting payout. For the profit split to be 30%, you would need to request a payout after every profitable trade and not lose in between.

Is this a scam ? No its not but it certainly changes the math and now I feel like running a buffer isn't as beneficial to the trader, so I will opt out of doing so.

When this was brought up to the founder, he has some ideas on how to make it better and I look forward to seeing it, the conversation was constructive and understanding.

From a prop operations perspective/risk perspective, this idea is a good idea, deployed in a way I don't like.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@smartbus9942 im trying to figure that out.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@Sai_Prasan yes at the end of each profitable trade when the account is in profit.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@Sai_Prasan I'm not in b-book.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@Teambuertrades I don't think you read what I wrote. Its not 30% profit share unless you have 100% win rate.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@CLAUDERICK111 @fundingpips I dont have any comment, its simply a firm I won't comment on because I enjoy my peace.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

Few people asking me if I would test Holaprime. No, I don’t like wasting money. The company itself was built on falsities from an over eager sales person. Same as that elysium company. If your initial instinct is just to embelish about your qualifications I will not be wasting time on your company.

No one with a 2 phase is here to save the industry. They are here to pillage it.

I took a while to form this opinion. But ignoring the difficulty of managing the order flow means you are ignoring the entire problem of the cfd prop model. To date no one has publicly shown they are capable of managing that. I tried, I had a little success but ultimately broke even. It is extremely difficult and to understand it you need years of prop and dealer knowledge not sales knowledge. To solve it you need more.

I will give anyone a chance but first impressions last a lifetime and the first impressions were bullshit.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@CLAUDERICK111 @fundingpips Yes. And thats all I have to say about that.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@itradepropfirm Thats what people are doing? Wouldn't surprise me. I haven't run a trailing instant account before so I have 0 clue, nor do I buy those accounts. The jig was up when there was 15% consistency on one.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@itradepropfirm Sounds like cope.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@Vivek4real_ no new money to pay old..

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

I am testing fundex and fundedhive because of the a/b swap model. I tested Angelos new company because it was a new model albeit a bad one.

When you guys have a new engine LMK. 2phase, instant, 1 phase all these are the same with different small changes, I want to see the big changes to test.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@itradepropfirm @SureLeverage more than that. I want to see like something completely new. The testing I am doing is only over new stuff.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

Did prediction markets kill bitcoin? Is the run to perps and prediction markets the reason that there isn't enough buyside liquidity to hold up the ponzi?

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@itradepropfirm @SureLeverage I checked, theres nothing to test. LMK when something new comes out.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@MartinN_CEO @drakvaar this my friend is not price manipulation, its someone who doesn't know mt5 and price feeds. It is printing the bad ticks.

[Josh Dentrinos - Founder of Trader Fights @PropJoshD]

@MTradingX