Any long term success stories from funded traders in these get-funded programs? - futures io
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Any long term success stories from funded traders in these get-funded programs?


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Any long term success stories from funded traders in these get-funded programs?

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  #11 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021

i just thought of another reason these Pay to demo prop firms are doing this ..

think about the treasure trove of data they are getting from retail traders who actually think they are good enough to get funded. my point is that all of these
demo traders and every trade they make are being recorded becasue if these prop firms can figure out easily what where and when most retail "good traders" trade then they can exploit that for real in their own live trading. imagine being able to have a real time line of data in aggregate of all o fyour demo traders??

you could fade their moves even if not real understadning that 90 % of the time they are WRONG!! then you add a little A.I. and machine learning and well
you have just used paying demo customers to deconstruct the typical retail futures trades..

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  #12 (permalink)
Howard Roark
Oslo Norway
 
 
Posts: 301 since Aug 2018
Thanks: 273 given, 292 received


Cutloss View Post
if you really want an answer to the slippage in the ES question and your demo account then you would need to give the exact time including the seconds that your demo order gave you a "bad fill" anyone who says there is no slippage in ES even on 1 lots has never traded live before! 1 is a gift lately 2 is almost the norm in a fast mkt.. ticks that is ticks. not points. a full pioint in the es is 50 bucks made up of 4... 12.50 ticks. people tend to throw aroudn points and ticks as if they are the same!

it is entrierly possile to get a 2 point slippage depending on the mkt conditions and order type that you placed.

2 ticks slippage is the norm on ES?

I've done at least 5000 roundturns on ES with real money in my live account over the last year and a half trading 1-5 lots and 2 tick slippage on market orders is absolutely NOT the norm even in a fast market. Slippage beyond 1 tick is so rare in ES with that kind of size that it's something I actually remember. 90 % of the time stop price = fill price.

And that's for the ES contract in RTH trading hours (NYSE). Not MES - where slippage and partial fills happen far more often. At least the few times I've traded it.

I'm not sure why you even bring up points versus ticks. When I say points I mean points.

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  #13 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021


I REST MY CASE. YOU CAN SPOUT ALL YOU WANT BUT IN A FAST MARKET YOU WILL GET 2 TICKS SLIPPAGE A LOT OF TIMES IN ES...I DONT CARE HOW MANY TRADES YOU SAY YOU HAVE DONE. GO AHEAD AND POST UP YOUR TRADE SHOWING YOUR EXPECTED PRICE AND ACTUALY PRICE.

I FIGURED I WOULD GET FLAK ALL YOU NEED TO DO IS LOOK AT THE SPREAD PICS I POSTED LAST WEEK RIGHT BEFORE AND DURING THE FAST MARKET. IT SHOWS YOU. ERY CLEARLY HOW WIDE THE SPREAD WAS. ILL POST IT FOR YOU HERE IF YOU LIKE.

1 TICK IS THE MAJORITY IN REGULAR MKT CONDITIONS BUT FAST MKTS AND BAD FILLS LATELY ARE HAPPENING SO 2 TICKS IS NOT EXTRAORDIANRY AT TIMES. I DOD 100 ON FRIDAY SO NOT REALLY IMPRESSED BY 5000 LOTS THATS A BUSY MONTH FOR ME. BUT NOT EXTRAORDINARY.

WHAT WAS THE EXACT TIME AND DATE OF YOUR SLIPPAGE TRADE. I WILL PULL IT UP SO WE CAN ALL GET TO THE BOTTOM OF THIS 10 POINTS OF SLIPPAGE OR WAS IT TICKS??

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  #14 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021

ScreenHunter 20888


a market order here or a stop market order would give yu 9 ticks of slippage!!

luckily for you i recorde the DOMS almost all day would u like more examples

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  #15 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021

here is another 1 took me all of 5 seconds to find it
ScreenHunter 20934

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  #16 (permalink)
Howard Roark
Oslo Norway
 
 
Posts: 301 since Aug 2018
Thanks: 273 given, 292 received


Cutloss View Post
I REST MY CASE. YOU CAN SPOUT ALL YOU WANT BUT IN A FAST MARKET YOU WILL GET 2 TICKS SLIPPAGE A LOT OF TIMES IN ES...I DONT CARE HOW MANY TRADES YOU SAY YOU HAVE DONE. GO AHEAD AND POST UP YOUR TRADE SHOWING YOUR EXPECTED PRICE AND ACTUALY PRICE.

I FIGURED I WOULD GET FLAK ALL YOU NEED TO DO IS LOOK AT THE SPREAD PICS I POSTED LAST WEEK RIGHT BEFORE AND DURING THE FAST MARKET. IT SHOWS YOU. ERY CLEARLY HOW WIDE THE SPREAD WAS. ILL POST IT FOR YOU HERE IF YOU LIKE.

1 TICK IS THE MAJORITY IN REGULAR MKT CONDITIONS BUT FAST MKTS AND BAD FILLS LATELY ARE HAPPENING SO 2 TICKS IS NOT EXTRAORDIANRY AT TIMES. I DOD 100 ON FRIDAY SO NOT REALLY IMPRESSED BY 5000 LOTS THATS A BUSY MONTH FOR ME. BUT NOT EXTRAORDINARY.

WHAT WAS THE EXACT TIME AND DATE OF YOUR SLIPPAGE TRADE. I WILL PULL IT UP SO WE CAN ALL GET TO THE BOTTOM OF THIS 10 POINTS OF SLIPPAGE OR WAS IT TICKS??

No need to get emotional or worked up. Far from trying to impress anyone I'm merely stating my experience trading 1-5 lots and say that slippage is virtually non-existent in regular trading hours with that size. If you trade size - you will have a different experience.

Obviously, there can be fast moves when the liquidity just ain't there and like I've said a few times now I have experienced slippage, but it's very rare for me personally and the way I'm trading. I had 6 ticks on 1 lot earlier this year and it was something which stood out in my experience.

Friday's stop was triggered @ 09:32:59 and I do see that it was a faster spike down, but still 5000 contracts traded in that second. Maybe 12 ticks (!) slippage was realistic on that spike, but it seems like a tad too much, IMO. But seeing how it was a fast spike. Maybe not.

You don't need to post order books either as I know very well how market orders cross with limit orders. In fact, no need to continue this discussion as it was just a side-consideration on the thread's main theme which remains unanswered for now.

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  #17 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021

Then why are complaining about slippage and carrying on about the demo screening you? I just like things to be settled properly when it comes to the market. This is not me vs Roark. Its understanding the market.

I'm far from emotional or triggered but pardon the pun. Spreading bad info isn't what I'm about.

I'm glad you figured it out. Yeah 5000 in 1 second can wreck any good trade

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  #18 (permalink)
Howard Roark
Oslo Norway
 
 
Posts: 301 since Aug 2018
Thanks: 273 given, 292 received

Actually, I wouldn't say I'm complaining. I just stated how I'm getting worse slippage in the simulator than I have experienced trading with my live account. That's all. It's possible that the spike on Friday was one of those rare times when you actually can get that much slippage on ES, although I'm not quite convinced.

Now, please let's get back on topic and see if we can get any success stories from some trader who made it big through any of these get funded programs.

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  #19 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021

Agreed!! Have a great night. I wish there were people proving they got funded but doubtful

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  #20 (permalink)
Howard Roark
Oslo Norway
 
 
Posts: 301 since Aug 2018
Thanks: 273 given, 292 received



Cutloss View Post
Agreed!! Have a great night. I wish there were people proving they got funded but doubtful

I actually did speak with someone recently who allegedly had funded accounts with two of these companies and allegedly pulled money out of them. I do not doubt that these companies actually do fund traders, but, I'm questioning if they really have an interest in (long-term) funding of traders and not just collecting subscription money from the actual programs which is risk-free money for them. This is the part that's not clear to me. Due to the tight restrictions they impose I'm also sure that many of the funded traders never generate any actual profits as they're probably blowing their accounts before that happen.

I mean. Let's say I get funded. And let's say I manage to generate $5000 in profits. What's next? Withdraw my profits and give them an 20 % cut or is there potential for something more further down the line?

If I generate $10K - what next? Will I eventually be able to trade some size? If the risk is always mine alone I might as well just withdraw my money and put it in my own account.

They call their accounts 75K / 100K / 150K, but that's obviously BS! They say you can trade as many as 10-15 contracts. Obviously BS, too! If you take on 10 contracts with a daily loss limit or trailing drawdown of $1.5K you're very quickly done.

If I succeed and get funded it's because I'm trading fairly conservative with small bets. 150K account. LOL.

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