Eaglepixel:
karkinase is a thief. He was caught impersonating another person. He should be dragged like tinubu.

Eaglepixel:
karkinase is a thief. He was caught impersonating another person. He should be dragged like tinubu.

samfelly:


Thank u, elder statesman. But we still need proof that this is not another $100k's account recently created after the demise of the original $100k account brought into the ICU

meshpips:


You asked for proof regarding the 100k account brought into ICU.

I have sent you the login details. Kindly look through and come back here to tell the house whether I have been telling the truth or otherwise.

Una know say I nor dey find trouble on Sunday abi?

@samfelly please those details were given to you in confidence. Do not share with any other person.

We all will be awaiting your update.

Thanks everyone!

rhynoemmie:


EU, GU, Nzdusd.
Buy from Tuesday.

Mirallas:

It's not surprising that situations like this were inevitable for large proprietary trading firms like FTMO. The key issue is that if they don't engage in practices like "b-booking" trades or manipulating prices, the cost of their evaluation challenges would have to be higher due to a higher pass rate or a lower profit split percentage. Looking ahead, as regulations become more robust and the dust settles, proprietary trading firms are likely to become more transparent, and the fees for their evaluation programs may increase. Essentially, this business model relies on most traders failing because if all trades were placed in the real market, these firms would incur significant losses since the challenge fee is only a small fraction of the drawdown limit. This doesn't necessarily mark the end of proprietary trading firms; rather, they are now reaching a size where regulators are taking notice. Given the continued demand for such services, they will likely find a way to adapt and continue to operate.

karkinase:
@Kaybee7000 you just carry mata wey no be ur own for head like Gala.. na only you dey mention me. 😂 Anyways me I Dey transparent . It’s not in your prerogative to decide who gets paid for hitting 10% .
Me n infofirst dun talk and he said only active monikers on FTA are liable for prize.

Darkpal:

Not entirely true Sha. Take for example my own case, the last time I was here was June ending and I was offline for two months with no access to a telecom network due to nature of my work and sometimes I might be offline for up to four months. Some people have one or two issues that might actually keep them from frequently appearing online. I believe they also deserve a chance. Especially with this era of unlimited time limits for challenges.

Kaybee7000:




See his excuse, should everyone in FTA does this and chat info up that the acct is not ours despite the fact that we have been parading the acct as ours from the beginning after been caught,what will then be the essence of taking part in the comp also ?

Yes u are transparent ,it is even glare now that everyone can see,abeg koshidanu potential thief

OfficialP:
Pls lets not spoil this rare opportunities we have with sharp practices, loophole seeking and manipulations.


I think its time to set CLEAR rules for the competition.

Lanshile:

Mine also
We are the sacrificial lamb in the group

GabsonFX2:

Jail is smelling on MFF's head, 7 to 10yrs + -

They need a top tier lawyer to get a fair outcome, and need to be very ready to pay for the best lawyer's service. Those bullets are what the crown will use to finish MFF.

I never traded with them anyways for the fact that they used equity based. They will be fine.

infofirst:


@Kaybee7000 is trying to fight dirty yet he no get evidence. Na only explanation and emotions he get. I hope you learn from this.
@karkinase was trying to play smart. And I disqualified him and Lil brother or whoever as that is unacceptable. And that should be it. No time for all those investigation mehn.

But as @Kaybee7000 don come accuse us say some people... I have no choice other than to do the needful I have advice him to do earlier which he chose not to do. I reach @karkinase to get evidence and evidence showd @karkinase did not just screenshot a random account but an account he has access to.


It is better to let an accuse go scot-free when there is no clear evidence than to punish an innocent person.

Khalidboboh:
I’ve been a guest ever since @ FTA .. now I’m here fully to rub minds with y’ll.

nzechu:
me thinks sell till thy kingdom comes

Riverrun:



See the two senerios that shows how an account size with $100,000 starting balance works for;
(1) balance base
(2) equity base
Where the daily drawdown is 5%.

Note that the starting balance can be any amount. For this explanation, we have chosen to use $100,000 as our starting balance.


(A) BALANCE BASE:

Day1; for your $100,000 account, your daily dd limit would be $95,000. Meaning, for that day;

i) if you are in a loss trade and your $100,000 account gets to $95,000 and below then you have hit your 5% daily DD limit.

ii) if you are in a profit trade and your hit $105,000 and above you have expanded you daily DD limit. You now have more money to play with for that day (Note this is not so in equity base).
for you to hit daily DD would only be when you loss all your profits for that day and the account continues to go down until it reaches $95,000.

iii) if at the end of the day1, you ended in profit. Let's say $107,000 then for day2 your daily DD limit would be $101,650.
(How? See how.
5% of $107,000 is $5,350.
So 107,000 - 5,350 = $101,650).

iv) this calculation will continue at the end of everyday just as the market rolls over into a new day taking the account/equity balance (whichever is higher when the market rolls over) in consideration.



(B) EQUITY BASE :

Now everything above is same in equity base except number (ii) above.

In equity base, you account is being trailed with the 5% daily DD on every positive price movement above the $100,000 starting balance. Example

Day1; for your $100,000 account, your daily dd limit would be $95,000. Meaning, for that day;

a) you enter a trade and price movement made your equity $105,000. if price retraces back to $100,000 that same day then you have hit daily DD limit.

b) you enter a trade and price movement made your equity 106,000. If price retraces to $101,000 that same day then you have hit daily DD limit. You don't have more money to play with as balance base provides

c) you enter a trade and price movement made your equity $103,000. If price retraces to $98,000 (not even $95,000) that same day then you have hit daily DD limit.

d) to survive in this kind of market you have no choice than to use a more reduced lotsize that can contain those price retracements to avoid hitting daily DD.

dottozil:


Seconded, I think there should be strict rules which involves penalty for whosoever caught cheating.

Ibrahimlagosian:
1-,US100(Nasdaq)--on the daily time frame.there was a decrease in the bullish momentum and it finally made a bearish pin bar,indicating a potential change in market direction.on the 1h time frame,here's the structure change

infofirst:


@Kaybee7000 is trying to fight dirty yet he no get evidence. Na only explanation and emotions he get. I hope you learn from this.
@karkinase was trying to play smart. And I disqualified him and Lil brother or whoever as that is unacceptable. And that should be it. No time for all those investigation mehn.

But as @Kaybee7000 don come accuse us say some people... I have no choice other than to do the needful I have advice him to do earlier which he chose not to do. I reach @karkinase to get evidence and evidence showd @karkinase did not just screenshot a random account but an account he has access to.


It is better to let an accuse go scot-free when there is no clear evidence than to punish an innocent person.

Eaglepixel:
karkinase is a thief. He was caught impersonating another person. He should be dragged like tinubu.

GabsonFX2:
You see ehh, they could have been charged a long time now but they wouldn't, this kind of case is usually assigned to the best of best of crown attorney. He/She must have been gathering all disclosures in order to bite really hard; in all, their goal is to obtain enough disclosures that would lead to indictment (and not a summary charge). They must have been gathering disclosures to add more other charges and don't be surprised that the charges may be more than 2 or 3. Don't be surprised if they add tax evasion. Etc

All they would be doing is to make sure mff doesn't come out with the simplest sentencing if convicted, I believe is the reason they waited this long. I blame mff cos they acted too childish to not know the rules of the land they operate.

AK284:


Gentleman and ladies
My phone was stolen and b/4 I know it my hard earned money cleared from my two bank accounts but I know the name of the Opay account the funds were transferred.
Pls if anyone here knows a way someone can be tracked Tru opay account,will appreciate that help.
You can reach me Tru @knjide@gmail.com