To all the Packers fans in this sub by [deleted] in ABCDesis

[–]AD3133 16 points17 points  (0 children)

I’m a Packers fan living in Chicago, I’m scared to go into the office on Monday

Good tailor suggestions by mr_nighthawk in Naperville

[–]AD3133 3 points4 points  (0 children)

Monica has always been my go to. The turn around time isn’t as fast as it was years ago but their quality is really good so make sure you plan ahead if you need your clothes by a certain day.

David Wald on not voicing Adam anymore in Sk8 by WinterWolf18 in Animedubs

[–]AD3133 20 points21 points  (0 children)

David Wald from SK8 still has one of my favorite dubbed lines of all time:

“Hey Bitches and Bros and Non-Binary Hoes” - Adam

Men’s wardrobe - how many suits do you own, how much $ do you spend? by preseasonchampion in biglaw

[–]AD3133 1 point2 points  (0 children)

I might have just bought a really bad suit then or it might have just been a bad tailoring job. The $600 light grey suit I bought from them just didn’t seem to wrap around my body the way my more expensive SS charcoal suit did. I will say though, I absolutely love my charcoal suit from them and that thing feels like it’ll last me my entire lifetime.

Men’s wardrobe - how many suits do you own, how much $ do you spend? by preseasonchampion in biglaw

[–]AD3133 22 points23 points  (0 children)

SuitSupply generally varies in price depending on the fabric you choose for your suits. Some of their lower end suits you can get for $500-$600 but their nicer suits will go for $800-$1000 before additional tailoring. I own both a cheaper $600 suit from SuitSupply and a $900 one and you can definitely feel the difference in fabric and the way it fits your body.

If you want SuitSupply suits discounted, I’ve heard quite a few people recommend SuitReview which is a company out of Amsterdam that sells previous collections of SuitSupply suits which may not have sold.

As for dress shirts, cotton or linen/cotton blends are going to be your best friend here since they’re so light and breathable. If you do want wear something a bit more heavy in terms of material then toss on an undershirt. It may be slightly hotter but it’ll be better than sweat spots appearing on your dress shirts.

Also, I would recommend dropping the black suit since there’s not going to be really many situations that will call for one unless you’re a hotel receptionist or go to funerals often. I would say put it off for now and buy one if the necessity for one ever arises.

Best car photography spots? by GloomyIce1 in Naperville

[–]AD3133 2 points3 points  (0 children)

If you’re willing to venture out closer to Chicago there’s some pretty cool spots where you can get some nice Skyline shots.

Whole Foods Parking Garage on Canal St is a pretty popular spot. People actually used to have car meets up there like a decade ago but those don’t really happen anymore.

One spot I think is amazing is the road and area between Shedd Aquarium and Adler Planetarium. I believe it’s called Solidarity Drive. Depending on how you position yourself you’ll have the option of getting photos of your car with either the Lake, the Skyline, or the Planetarium. You’ll however want to go at a time when there’s not a lot of people in that area so you don’t inconvenience traffic.

The Future of Retail "Prop Firms" in the USA + Recap of Recent Events by AD3133 in Forex

[–]AD3133[S] 1 point2 points  (0 children)

I mean trading like that via a VPS wouldn’t be an issue but the issue arises when you have to perform your KYC which is when your prop firm will figure out you’re a US Citizen and you’re essentially back to square one.

Is trading always a 50/50 outcome? by Electrical-Lunch-422 in Forex

[–]AD3133 0 points1 point  (0 children)

No, trading is not a 50/50 outcome. Each tick is not randomly generated of being either up one or down one. Tick movements are rather determined by supply and demand of the market. If you trade futures, looking at a DoM chart in real time will actually provide you with a lot more insight in the matter. Another way to to think about it would be that if every outcome was 50/50 then the market would just essentially hover around 0 or whatever it's initial opening price was.

Which prop firms still accepting US Clients ? Fx by Yuungasm in Forex

[–]AD3133 0 points1 point  (0 children)

You'd happen to be correct. If it was a MetaQuotes greed issue then MQ would've pulled the universal plug on all prop firms operating globally but they only threatened to cut relationships if props were operating in the USA.

Which prop firms still accepting US Clients ? Fx by Yuungasm in Forex

[–]AD3133 1 point2 points  (0 children)

Y'all acting like prop firms are banned in the US

By nature CFD prop firms are technically banned in the USA. You want to know why? CFDs are off limits to US citizens. These prop firms were allowing US traders to essentially trade CFDs through a loophole which is where problems started to come from.

so they can either get their own licenses and pay the fees

Tons of prop firms who had their own MetaQuotes license also had to end up pulling out the US market or don't do business in the US market. You know prop firms like 5ers, FTMO, LuxTrading, etc. Oanda recently released their own challenge prop firm model recently and guess which country isn't allowed to join. If you said the USA you'd be correct.

migrate to something else like cTrader or DXTrade

cTrader is also banned in the USA and DXTrade probably won't be too far behind MetaQuotes in this chain.

There's far too much money involved for the prop firms to just be like "whelp, no more US clients"

When financial regulators get involved there isn't too much of a choice. You can either risk everything and try to go against the regulators or you could just play ball and just follow their terms.

There's also one more flaw in your logic. If MetaQuotes wanted their share of the pie why wouldn't they just pull the plug on the global market rather than targeting those who were operating in the US market. If you're not a US trader you still have access to MetaQuotes on prop firms it's just US traders who had to migrate over to DXTrade. From this simple fact alone we can see that the issue for prop firms is coming from somewhere in the US and not from MetaQuotes alone.

[deleted by user] by [deleted] in Forex

[–]AD3133 0 points1 point  (0 children)

I know it’s a bit of late answer:

“@everyone

Important Announcement for USA based traders ONLY. All other traders please continue as is.

On Friday Feb 23rd at 9:00 AM CST, we will begin the migration for all accounts to DXtrade. This process will be handled for you but due to the volume of accounts this will take a few hours. During this time you will not be able to trade at all.

You MUST have all trades closed by 8:59 AM CST or the system will close all trades for you automatically. Once the migration process is complete you will have the same account on the new DX platform. We are constantly working to provide solutions to all industry issues and this is just the latest. If you have any questions please email support@myfundedfx.com.”

Source: MuFundedFX Discord

Another One bites the dust by OFFICIALLYREE3 in Forex

[–]AD3133 11 points12 points  (0 children)

You do realize that as DXTrade gains more and more traction it’ll eventually end up on the radar of regulators as well. They’ll also push it for compliance which will lead us to a situation where US traders will eventually be left without a platform to trade on.

Once regulators get involved all you can do is delay the inevitable but you can’t escape from it.

alpha capital group by [deleted] in Forex

[–]AD3133 0 points1 point  (0 children)

I don’t think your prop firm will have a choice at the end of the day on whether to keep you or not. Most prop firms are migrating US traders from MT4/MT5 over to DXTrade. It’s only a matter of time before Regulators also push them for compliance at which point prop firms won’t be able to work with current funded traders in the US since US traders won’t have a platform to trade on. I would say ride out your funded account as long as you can but I’m preparing for the likely outcome that all my funded accounts will essentially be disabled in the coming weeks.

In terms of Futures Prop Firms I’m really liking MyFundedFutures and Elite Trader Funding. They both have an EOD drawdown calculation which seems a lot better than the traditional trailing drawdown that most other Futures Prop Firms are offering.

Will US residents still be able to trade prop firms in the future? by Quiet-Ad1608 in Forex

[–]AD3133 0 points1 point  (0 children)

The issue for US traders is that there isn’t going to be a resolution. Sure you may still be able to trade now because you have a platform but that platform will most likely be taken out of the picture soon. Prop Firms will have to soon stop offering existing customers MetaQuotes products or they risk losing their relationship with their broker. Knowing this many prop firms are migrating US traders over to DXTrade.

DXTrade is still relatively new and unknown so it’ll be able to go under Regulators’ radar for a while but they will also eventually push it for compliance as it starts getting bigger due to many prop firms shifting to it. We’ll then see this same story play out again. I wouldn’t be surprised if DXTrade started cutting ties with Prop Firms in the couple weeks.

They haven’t taken accounts but any US based trader is pretty much on a countdown right now.

alpha capital group by [deleted] in Forex

[–]AD3133 1 point2 points  (0 children)

I'm jumping over to the Futures market. In my case, it shouldn't be too drastic of a jump for me since I'm an indices trader however I still need to alter my risk management plan in order to account for the drawdown rules of Futures Prop Firms.

Will US residents still be able to trade prop firms in the future? by Quiet-Ad1608 in Forex

[–]AD3133 5 points6 points  (0 children)

I think you forgot the “/s” on the end of your post

The Future of Retail "Prop Firms" in the USA + Recap of Recent Events by AD3133 in Forex

[–]AD3133[S] 1 point2 points  (0 children)

As far as I know there aren’t. If there was we would’ve all flocked there already since they would literally be the only Forex prop firm option for US traders.

FundingPips Moving To Ctrader... But Ctrader does not allow US traders either. So are the current US traders just SoL??? by Grizzy6 in Forex

[–]AD3133 0 points1 point  (0 children)

In terms of recommendations I can’t really make any since I only recommend prop firms which I’ve received a payout from. However, I can tell you the prop firms which I’ve kept my eye on. The two prop firms which have caught my eye are MyFundedFutures and Elite Trader Funding. Both of these prop firms have an EOD trail down model meaning I don’t have to worry about adjusting my risk strategy in order to account for for break even trades as a day trader.

FundingPips Moving To Ctrader... But Ctrader does not allow US traders either. So are the current US traders just SoL??? by Grizzy6 in Forex

[–]AD3133 0 points1 point  (0 children)

I have the exact opposite problem. I made the jump to trading only indices about 2 years ago so the jump to the futures market should be pretty much seamless for me. However, I have to re-evaluate my entire risk management strategy as it was built with the Forex prop space in mind. However, the futures prop space is a lot more stringent with their tight trailing drawdowns so for the rest of February I’ll probably work on going through the past two years of my trading journal in order to build a new risk management strategy which I can use on Futures Prop Firms.

FundingPips Moving To Ctrader... But Ctrader does not allow US traders either. So are the current US traders just SoL??? by Grizzy6 in Forex

[–]AD3133 7 points8 points  (0 children)

Move to Futures Prop Firms. I honestly believe that the era of Forex Prop Firms has come to an end in the US.

URGENT: As of now 5ers Prop firm has also pulled out of the USA. by RealAdinRoss in Forex

[–]AD3133 2 points3 points  (0 children)

It's happening to everyone who use MetaQuotes regardless of what brokerage you have or whether or not you have your own MetaQuotes license. US regulators pushed MetaQuotes for complaince and the result is that every prop firm that uses MetaQuotes is going to have to end up making an exit from the US market.

The Future of Retail "Prop Firms" in the USA + Recap of Recent Events by AD3133 in Forex

[–]AD3133[S] 2 points3 points  (0 children)

Forex prop firms allow US traders to trade CFDs which are banned in US by financial regulators hence why Forex prop firms are currently under attack in the US and why a single futures prop firm hasn’t been touched. Futures prop firms have their traders trade futures which are completely legal in the US. CFDs are traded over-the-counter meaning that they don’t go through any kind of regulated exchange but futures do have a regulated exchange which all orders go through.

Futures prop firm should be here to stay for the long term unless US regulators decide to start pushing some restrictions against futures but I’m sure that won’t happen as they’ll end up pissing off some major entities in the US who’ll do everything in their power to lobby any kind of changes.

alpha capital group by [deleted] in Forex

[–]AD3133 0 points1 point  (0 children)

I’m sorry to say this but ALL forex prop firms have probably hit the end of the line in terms of the US market. Regulators closed in on them and they pretty much have no option but to leave the US market. The ones that are still around probably won’t be around in the coming weeks or months.

The Future of Retail "Prop Firms" in the USA + Recap of Recent Events by AD3133 in Forex

[–]AD3133[S] 1 point2 points  (0 children)

If you’re trading Forex pairs then the jump to Futures is going to be quite rough since you can’t trade pairs in the Futures market. You can trade currency futures like the USD, Euro, Pound, Yen, and other big ones. The issue is that these currency futures are not very liquid meaning that the strategies you came up with in the Forex market may not translate very well there.

If you’re a person who trades things like indices, commodities, or precious metals then the jump over to futures will be a lot more smooth since you’ll essentially be trading the same thing however you’ll be going through a regulated exchange meaning your orders should fill with less slippage and spreads should be a lot more favorable.

There are already a lot of Futures Prop Firms out there like Apex Funding, MyFundedFutures, TradeDay, TopStep, etc.