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Well, it looks like drifted too far off the path at the end. A path that he had previously followed very confidently and successfully for so many years.
I can understand that some of the changes in the forum rubbed him up the wrong way. But I don't know why things ended up the way they did. It didn't have to be.
But to spread personal speculations about his private life here is wrong and inappropriate, as the man has shown many people here over the years in his own way how to do pure futures trading.
If is still reading the forum, I would like to tell him that I wish him all the best for his future, despite my clear understanding for 's decision.
I have always enjoyed looking into your thread and it has always made me happy when you have won. Wish you a good life in old age with this money, if you haven't touched it by then, and take care of yourself and your special feelings.
wasnt trying to offend him, quite on the contrary - his reaction seems irrational to me, people (including me) tend to act irrationally when they are under pressure so by saying "maybe something was happening in his life and he vented here" is more compassionate than saying "the dude lost it".
I understand pouring thousands of hours into posts with the aim of helping others makes a person attached to the forum in a very special way. But at the same time, having seen some of his posts from the last month or two, I just do not understand what was pissing him so much. I know he started voicing some disapproval when the MC thread started and that was already before the ads reappeared.
Daniel
P.S. On second thought, you're right. My reaction was inapproriate. His motives are his and are none of my business. On the other hand, the deleted thread willl now be either extra work for the mods or there will be many links/mentions throughout the forum that lead to nowhere - all because of "an ad". By doing what he did, he made his perceived loss a real one, as all the time he pushed into wrtiting the journal have just become partially wasted.
I originally had same thoughts. Like he had a bad day or big loss or etc. That happens to everyone. But he just kept coming and kept complaining about everything. The legal threat was final straw for me.
With the increase of popularity and use of online prop firms, not sure if you wanted to create a dedicated forum / channel for discussion and review of these instead of having them in the "real / personal" broker review section. Just a thought
While the companies of today dont operate exactly the same as in person prop firms of days in the past, they definitely offer the same outcome with similar inputs. You can take home real money by trading with someone else’s capital.
How they operate, how they allow you to trade, and how they make money is no doubt different than before, but I think they still fall under the prop firm umbrella.
My comment was more trying to get at how there is a big increase in these companies, and they offer a fundamentally different product compared to those trading their own money, so it might make sense breaking up the two categories. If I’m looking for sierra chart or other future day trading brokerage reviews, I dont want to be swimming in sim prop firm reviews and complaints
I agree with your idea, it's just a matter on settling on the right categorization
Help me out. Find a dozen of these and report back what they call themselves. You can also start that review thread which I'll place in the new category.
I would say they are not simply simulated trading, since you can graduate to live market funding, which is the stated goal. There has been an enormous amount of interest recently because you can get paid for no-risk simulated "trading", and that seems to have excited some pure gambling behavior and attempts by "traders" to game the system with highly risky tactics, but this payment from sim trading is a pretty recent development in the industry, and is not what they traditionally have done. (Opinions about what is going on vary , which is part of the controversies around them. ) Theoretically, the paid sim part of someone's experience with them should be a fairly small part of their involvement with the firm, on the way to becoming a live-account trader, assuming they make it that far.
At least in their narrative, they are providing a way to prove you can trade and then get funded for live trading. In the end, this is similar to the older style prop firms, but there are also differences in their operation, so it may be worthwhile to use different terminology for them.
So perhaps something like "Funded Trading Companies" or "Funded Trading Evaluation Firms" would be a better way to put it.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote