Hopefully IF the members of this forum, are still interested in a PROP company they take a closer look. and more is said.. I think Earn2 is good and there are bigger drawbacks with oneup and Topstep
I like the setup and how straight forward the plan is. Dont know if the $325 continues after you hit 5K profit ? need to find out. One feature I wouldnt do well with is this "Put in the work. For each day traded you must have done a premarket prep, as well as a postmarket review. Just submit these into the Tradervue account Journal we provide you with. No required format- shows us your process " Im a scalper and I dont trade like that. I look for news, I log and note some trades with my charts.. I sit on the bus stop and when the bus arrives ( meaning meets my criteria } i jump on. Ninja is good a Im set up on there. ( unlike Earn2 trade}
"....selling the "tryouts" is their main business, like TST/OneUp etc. " these Test fee companies deny vehemently that "collecting test fees" is their main business
Ok maybe that's just my impression. Still interested to hear from anyone who tried and can share first-hand experience
Alright, I guess they are not trying to push their propriety training on traders anymore, that is a good thing imo. Maybe I will contact them, but more importantly I wonder if they can adjust my Daily Loss Limit to less than what their standard is?
i actually know someone who went through the tryout and passed. if you don't know already, the guy who heads the SMB futures team is Merritt Black and this guy has a huge hard-on for volume-based indicators. think volume profile, market profile, cumulative delta, volume-based bars, value area, point of control, yadda yadda. case in point: if you haven't noticed, the latest fad in retail futures trading has been all about "orderflow" and "volume analysis." dumbfucks think purchasing Sierrachart package 5 with tick-by-tick data and slapping on some profile charts with cum delta and vwap suddenly gives them some sort of magical insight. this has, in part, been fueled by SMB and the folks there who charge astronomical prices for education on these basic volume-based concepts. for example, their basic futures training package starts at $3000 and their in-house training package sells for $25,000 LOL! anyways, the reason why i write all this is because after the person i knew passed the SMB Futures tryout, he told me SMB kept pressing him to change his trading style to something more similar to Merritt Black's totally-superior-holy-grail-volume-based style and kept pushing their volume-based Futures foundation online course on him. he successfully passed the SMB Futures tryout using his own proprietary method. that's why he was funded in the first place. so to suddenly disregard all that and push the prop firm's trading method onto him is pretty bs imo. and to add insult to injury, he also said they'd make him pay for the course out of his own pocket if he decided to take the course. i don't know if he actually did but that's just hilarious. he did say that not too long after he got funded, the trading style that the prop firm was pushing on him to adopt was messing with his ability to trade profitably like his usual self and he eventually hit the max drawdown and got booted. i've never tried SMB and never will. i want to be able to trade my own method after getting funded and a 50% split is a non-starter right off the bat. if you're a US person, a 50% split taxed at ordinary income tax rates + Self-employment tax is just a big fat waste of your time.