My experience with this particular prop trading firm has been a mixed bag
My experience with this particular prop trading firm has been a mixed bag. They do have some advantages, such as competitive prices and profit targets that are relatively attractive compared to some of their counterparts. However, the way they operate closely mirrors the industry standard, which comes with its own set of drawbacks.
One significant issue I've encountered is that they seem to cater more to a specific type of trader. If you're a scalper or prefer holding trades for more extended periods, you might find yourself at a disadvantage. This is because the firm's policies don't always align with these trading strategies.
Another common problem that plagues these types of firms is the insistence on spreads and the rather high commissions.
What irked me the most about my experience was being seemingly stopped out of a trade that I intended to hold overnight. This occurred even when the price hadn't reached my pre-set stop-loss level. It felt like I was cheated out of a potentially profitable trade due to spread discrepancies.
The second instance of what I perceived as unfair treatment occurred when I reached phase 2 of their program. I held a trade, and once again, I felt as though the firm had cheated me by stopping me out prematurely. Then, they accused me of breaching their rules.
This recurrent pattern of feeling disadvantaged and misled has left me skeptical about prop trading firms in general. As a result, I'm leaning more towards growing my own trading capital independently to have more control and avoid such frustrating issues.
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