Articles

CTI News Trading: Not a good idea

404573   August 23, 2024 22:45   SwingFish   Prop Firms   0x8 Trading

recently on twitter

here is how this does play out in reality
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CTI Weekend Scalping: not really

403898   August 10, 2024 14:39   SwingFish   Prop Firms   0x8 Trading

EnFoid & SwingFIsh

363805   January 1, 2024 00:58   SwingFish   SwingFish Updates   EnFoid

In order to continue operating the SwingFish community as it was designed to be, a few things need to be cleared up.

One of them is the relationship between EnFoid (the Company) and the SwingFish project itself.
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Prop Update: Jurisdiction change for Proprietary Trading Accounts

138351   May 13, 2021 06:08   EnFoid LLC   SwingFish Updates   EnFoid

to all Live/Funded Traders

we currently in the process of Merging accounts into our newly founded subsidiary,
as a result, the accounts will be moved to the respective Jurisdiction.

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how to NEVER fail Prop Trading challenges

56759   July 6, 2020 00:37   SwingFish   Traders Library you should know   EnFoid

A few simple & easy steps to ensure never to fail a trading challenge or live trading.
this works for almost all Proprietary Trading Firms, the content below is based on EnFoid Proprietary Trading (more…)

Proprietary Trading (prop) Weekend Rule softened

50619   April 19, 2020 15:40   EnFoid LLC   SwingFish Updates   EnFoid

previously trading during weekends wasn’t allowed. as we can not control the exposure during closed markets.
this rule will be softened to the following:

Positions can be held during weekends if:

• they are REASONABLY Sized!
  meaning a large gap will not exceed the max or daily loss.
• Hedged Positions can be held with any size.
• no STOP or LIMIT orders of any type.

This change does affect ALL Account types.

sizing is up to the trader, but if this is stressed, abused or overdone,
EnFoid will Terminate live account’s with no warning, regardless of the outcome on re-opening.

make sure you read the updated Rules in detail.

Proprietary (Prop) Trading changes & updates

48725   March 30, 2020 01:38   EnFoid LLC   SwingFish Updates   EnFoid

We currently overhauling the Proprietary systems to provide a better experience to our Traders, and more stability overall.
as a result, there will be a few changes applied to different parts of the systems and the way we do these things.

All these changes will come into effect on March 31 2020 23:59 SGT

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Removing AdmiralMarkets from Proprietary Trading

42220   January 25, 2020 00:20   EnFoid LLC   SwingFish Updates   EnFoid

we have decided to stop providing Proprietary Trading accounts via the broker Admiral Markets effective immediately.

this was an internal decision based on serval management and logistical factors.

all live accounts will be moved to IC Markets over the coming week. Starting February 2020 all accounts will be closed.

EnFoid Live Traders will be individually contacted regarding the move and the Future broker to use.

Deposit Requirements for Funded Accounts

33133   July 30, 2019 14:57   EnFoid LLC   SwingFish Updates   EnFoid

we realized that there are a few issues we do have to address and make more clear

• EnFoid’s strict No Conflict of Interest rule does apply!

No Fee’s

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Challenge Account Balance Differences

575   September 18, 2017 00:04   SwingFish   Trading Room Journal  

Total Gain after closing on Friday is +8.9% but the account Balance is higher due to Commissions (IB, mirror, and refunds) has been paid as well.
so Sunday Closing Balance was $ 1359.36

I will withdraw the commissions from the account to reset the account to the current gain of 8.9 %.

Monday opening Balance will be: $ 1089.00

Show me the Differences

well first we have to remove the initial Balance of 1000$
plus the gain of 8.9% (89$)

leaves us with 270.36$

226.92$ are from IB Commissions paid to this account (this is unrelated to the challenge)

Additionally, 43.44$ has been paid as Mirror Fees to the account.
resulting in other users copy trades and pay a marked-up commission of 5$ per Million traded.
from this 5$ the account receives 66% (rest is shared with the broker and Spotware for executing the trades)

as you can see by this example,
it is possible to make honest money with providing additional Services as a Trader.

without the need of posting photos of rental Ferraris or fake Watches on Instagram
or charge users 50$ for a Signalservice or “Education”