Would you like proper trading education like I've taken and produce your own signals instead of following those chocolate letter larps? @spitfiretraders@teamspitfire69
https://t.co/AQYXu56uEb
Let me tell you what I "think" happened to Topstep. They had a simulated liquidity event.
It was business as usual until the metals markets went completely crazy, and they were slow on the margin uptake needed to trade them. Normally, allowing people to trade 15 ES contracts is a no-brainer... you're eventually going to lose. Period.
But silver had two 6-sigma moves and a 10-sigma move inside of a few weeks, without even looking at platinum or gold. People — RIGHTLY — started treating their XFAs as 0DTE options. All you needed was to get ONE of these moves right, and you could literally make $100,000+ in a few hours from maxed-out simulated money plus copy accounts. And if you lose? You're only down a few hundred bucks in activation fees.
So what happened next? Some people lost their $100 lottos, and some made boatloads. Topstep immediately started moving people to live after one max $5,000 payout per account. Now the problem becomes: what do you do with all the people sitting on huge live accounts?
Well, you limit their live account to 20% of the metals winnings and hit them with the new rule of "unlocking" money they already earned — forcing them to earn it twice, in hopes that the law of day-trading winners plays out.
Are they wrong for doing this? Probably not. Bucket shops. Nothing new under the sun.
What are the aggressive participants trying to do?
Are they doing a good job?
I repeat these 2 questions all the time, this is why I told my students yesterday and today, "I am not longing yet"
You can tell what influencers are in bed with each other by the timing of their paid tweets
All in sync
My TL is currently flooded with the next garbage scam
Imagine getting paid to promote something that you know deep down is gonna cause many people to lose money
Grifters
If you ever feel bad that you're still not profitable yet
Don't worry
There's paid group leaders out there that beg exchanges for trading funds to keep up their act
Remember this for the next time you feel like a loser
#XAG short idea. Swept ATH last Friday. I already milked something out of it and would've held the position if it wasn't for the weekend. Drop below 57 area and it's game-on for the weekly naked below. Target 54. Will be looking to re-enter tomorrow.
Most paid groups lure you in with signals and promise you education
Said education is often a few BS pdf's ripped off from ICT
Spitfire however, we have genuine education...well over 250 video modules AND then you get to watch us live trade.
We educate you, to empower you
Kek
Redacted would need to learn how to trade first and not shill BS from his boyfriend
Funny how all these paid shill groups have suddenly started trying to "teach" people rather than offer BS signals
We've been doing this for 5 years lads, catch up 🤣