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Do you think Prop firms are using AI to cause you to reset?


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Do you think Prop firms are using AI to cause you to reset?

  #1 (permalink)
Trading in Canada
Burlington, ON Canada
 
Posts: 66 since Feb 2021
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Hi
I realize this sounds like a conspiracy theory however, I trade with someone else and they don't experience anywhere near the same number of platform misfunctions that I do.

He is using Tradovate on Topstep, I'm using Tradovate on Take Profit Trader.

Something that we've noticed is he doesn't experience anywhere near the same number of platform issues I do.

Last week I had almost finished their test where the platform malfunctioned and canceled my stops, blew through it and cause me to have a loss. I have a tendency to FOMO and revenge trade which made me go crazy as I needed to make back that money.

I contacted TPT and they said they would make me whole but there are no issues on their end..

I contacted Tradovate they said it was an issue with TPT and I needed to contact them.

They did not make me whole BTW I ended up blowing my account they reset my account and gave me $1100 balance yet when this happened I had $4100 balance.

So they had a sale 50%off and tried again. I traded for 2 days made 1200 then again the platform starts malfunctioning. I contact TPT and they said they are not having issues on their end. I took some screen shots this time and I sent them the picks.

I thought it was resolved and then again the next day.
Tradelines missing, entry line missing, screens go black, etc, etc, I canceled my day.

I cleared my cache, I reset the platform back to defaults, I managed to make 435 even though I still couldn't get the entry to appear on the candlestick chart. And shut it down. I was exhausted and was going to call it a day, then I thought if I go back in and delete the module completely and set it up again.

So I did this but because TPT doesn't have a sim section you have to try it live. I should have paid better attention when I placed it and just did one order but I had preset brackets, was being lazy and boom it the instrument snipered in and hit my target and blew through. Yes that was my fault but then of course I start to revenge trade because by this point I was so frustrated and angry and exhausted with the day I had trying to fix TPT charts. I just blew my account again.

I have been working on my psychology because I know I FOMO, I know I get angry and I know I have a tendency to revenge trade and then I read an article about FOMO and it got me wondering.

Apparently they are now using bots so you have a string of winning trades to then cause you to fomo by causing you to lose money and you fomo and revenge trade.

I just wonder about TPT because like I said the other person I trade with who is doing Topstep isn't experiencing anywhere near the issues with the same platform I am

And I have a new computer. HP ENVY 3 months old.


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bobwest's Avatar
 bobwest 
Western Florida
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Trading in Canada View Post
Hi
I realize this sounds like a conspiracy theory however, I trade with someone else and they don't experience anywhere near the same number of platform misfunctions that I do.

He is using Tradovate on Topstep, I'm using Tradovate on Take Profit Trader.

Something that we've noticed is he doesn't experience anywhere near the same number of platform issues I do.

Hi @Trading in Canada,

On your question about prop firms deliberately using AI (or anything else, really, they wouldn't need to get that fancy ) to force you to reset, I don't know, and I don't know anything about Take Profit Trader, but there are many possible explanations that don't require a conspiracy theory... such as, problems with the firm's processing, or systems that don't work right, and a ton of others. And from the outside, how could you know?

The first thought I had was, why not use another firm, if they have consistently done things you are dissatisfied with, and especially if your friend doesn't have similar problems. That might just cut the whole thing short.

I also checked the Search box (at the top right corner of each page) to see if we have a vendor review thread for "Take Profit Trader," and indeed we do. You might want to read the previous posts to see what others' experience has been with them:



I also think that your current post would be better in that review thread, so it can be read by others who also have questions about the firm.

I am copying your post here into their review thread, and I will close your thread here. Closing the thread doesn't mean there is anything wrong with it. It may of value to anyone who is looking for info about the firm, but it's just better to have it together with the other posts on TPT.

I hope that reading other posts about them will help you decide what your next step should be.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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Last Updated on June 28, 2023


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