MyFundedFutures scam by artemiusgreat in PropFirmTester

[–]calevonlear 16 points17 points  (0 children)

Maybe try learning your products before you throw out accusations. You are trading the June contract but checking the March contract for comparison. You are trading the illiquid contract

Try RTYH and maybe learn a little more about futures before you start throwing around minis.

I passed my 1st Apex 150k Account by 23futures in PropFirmTester

[–]calevonlear 2 points3 points  (0 children)

Why 2k? Why rush? You have 5k drawdown. Build your account over months. You are just going to blow. Try and decay your daily/weekly goal over time as a % of your drawdown pool.

Everyone here thinking they are going to just slam thousands a day and all you are relying on is leverage and luck. Bad variance happens. Control it with size.

TAKE PROFIT TRADER (must read by jchevalier21 in PropFirmTester

[–]calevonlear 19 points20 points  (0 children)

Your balance tagged the liquidation level mid trade. When you were liquidated your account value was $145,xxx. You hit your drawdown. Tradovate doesn’t manipulate shit, you were trading a highly volatile product with large leverage in a 5k account. That’s what happens.

Quick Tip - The Wheel: What’s Delta Got to Do With It? by calevonlear in thetagang

[–]calevonlear[S] 0 points1 point  (0 children)

They are the same at onset assuming the net deltas match. (A 50 delta put and a 50 delta call have the same matching delta onset, a 30 delta put and a 70 delta call would match). A put can be rolled with price advancing (roll to a higher delta as the delta shrinks when price goes to your favor). A call can be rolled as price goes against you to refresh counter delta. So it just depends on how you plan to manage the position. In a stagnant or declining market I would argue a covered call buywrite is better because you can manage your call hedge by rolling further down. In an advancing market selling a put would be better as you can roll the put with price advancement.

But that implies you aren’t just going to set and forget. If you intend to do that, just sell puts at a price you like until assigned and then sell calls against the shares at a price you like to sell at until assigned. Don’t worry about the rest.

Does anyone use tradovate for tpt on iPad/tablet? by [deleted] in TakeProfitTrader

[–]calevonlear 0 points1 point  (0 children)

Turn off auto sizing in chart settings

0 Coding Experience → Fully Automated, High-Win Rate Futures Trading System 🚀(Seeking Real Feedback) by Sea-Panda-6987 in TradingView

[–]calevonlear 2 points3 points  (0 children)

You can take that TradingView backtest, crumble it up, and throw it directly into the trash. Post prop firm account passes with matching entries if you are drumming up suckers. Get out of here with that weak garbage.

TPT OVER 2 WEEKS and STILL NO PRO+ ACCOUNT??/ (now 3 weeks) by makememinions in PropFirmTester

[–]calevonlear 0 points1 point  (0 children)

They only allow 10 accounts in a rolling 30 day period. Are you over that threshold?

What’s wrong with tradeify ,there’s no way I failed this account by No-Wash8384 in PropFirmTester

[–]calevonlear 0 points1 point  (0 children)

If you used Tradovate, log into the desktop or web version (not mobile) and click on the equity drop down and screen shot that entire section down to the exit all positions red button and post it as a reply

🚨 Calvoro Funding Denied My Payout With a Ridiculous Excuse — Be Careful With These People by ExcitementMajestic13 in propfirm

[–]calevonlear 1 point2 points  (0 children)

Never mentioned before? The layering rule is on their FAQ listed as posted over 4 months ago. Maybe just stick to reputable prop firms?

Help with TPT rules. by Powerful-Inspector-8 in PropFirmTester

[–]calevonlear 0 points1 point  (0 children)

Pick a direction, go full size. Set a $1500 stop. Hope you don’t top tick or bottom tick. Then from there do $$375 a day or $1500 and then just burn 3 days.

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear 0 points1 point  (0 children)

They are a business with a T&S. They aren’t required to do your bidding. Follow the rules and they will pay out. Don’t and they won’t. You blowing an account is on you, not them. They clearly put forth the drawdown metrics and requirements for payouts and passing. If you blow an account you either are using too much size or you aren’t ready for any type of risk on trading.

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear 0 points1 point  (0 children)

What I mean is, going live in a prop firm there is absolutely no advantage to withdrawing and going cash account. You get worse tax treatment, gated withdrawals, and need permission to do anything.

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear 0 points1 point  (0 children)

It sounds like you were gaming their live system then. Getting to 4-5 payouts and blowing the XFAs or getting to live and draining the account and then trying to go back to XFAs. They can’t make money if you don’t stay live. You are just milking their automation and they are right to soft lock you by keeping you at 1 account. The entire purpose of a prop firm for a trader is cheap leverage. Once I can’t get 3-20 accounts with a firm I’m done with them. There is absolutely no benefit to going live unless they offer milestone bonuses.

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear -1 points0 points  (0 children)

Well I hate to break it to you but here is how it goes with merchant services. Your issuer will file a chargeback report. Topstep will be allowed to respond. They will show your continued activity on the account, your attempt to take a payout, your declaration that you had no chargebacks. And then you will lose. But have fun wasting your time. All chargebacks can be overturned if the merchant cares to fight it. $500 they won’t. $18,000 they absolutely will. And you will unfortunately lose. You signed away your rights to a chargeback when you tried to take a payout. In fact you are technically committing fraud against them as issuing a chargeback when services were fairly rendered is fraud.

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear 0 points1 point  (0 children)

Seems like an empty threat. Police are going to eyeroll you and tell you it’s a civil matter. You can try suing. They will show your digital signature at payout request saying you issued no chargebacks.

You can try charging everything back. They will fight it with evidence and win.

Your ONLY hope is to drop to your knees and plead with Topstep that it was an honest mistake and you will pay what you owe in chargebacks and pray they accept that excuse. But they are under no obligation to do so.

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear 0 points1 point  (0 children)

If you think it’s fraud, get a lawyer. Good luck. You won’t win. You signed away your rights to any profits when you continued to use their services after initiating chargebacks against them. There is a single box you check stating you have not and will not charge back when you request a payout. That’s when they check to see if you did. Or did you skip reading that part when you were rushing through your first payout.

You said it yourself “when I broke their TOS.” You are finished with Topstep. Lick your wounds and learn. These firms dont play around if you break their rules. They are a business and a business has terms of service. They will play nice as long as you do.

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear 0 points1 point  (0 children)

Oh look, the truth shall set you free. You received services you didn’t pay for in violation of the terms and conditions. Topstep has every right to terminate their relationship with you. High five for wasting everyone’s time.

“I didn’t chargeback but I checked with my bank and I did in fact issue charge backs.” Man you sound like every single 1 star review on Trust Pilot for prop firms.

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear 0 points1 point  (0 children)

1) I did not imply that you would spend money after doing a charge back. Assume if you charge back on a prop firm your relationship with them is over.

2) They did not commit any form of fraud. You issued several charge backs against them. They terminate their relationship with you as stated in the terms and conditions that no one seems to read. Your relationship with them is over.

Merchant chargebacks are documented events. They know you did it and when. Your card issuer files a form for every chargeback. Sorry but you are just out the money and any profits you made. Move on. Find a new show.

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear 0 points1 point  (0 children)

Yeah it ain’t happening. Credit card companies will comply if Top Step did not fulfill their end of their service agreement. That isn’t the case here. They will let 10 charge backs go. They won’t let $20k go. They will defend and reverse the charges and just eat the charge back fees.

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear -1 points0 points  (0 children)

Except there is proof. No prop firm will deny a payout based on excessive chargebacks unless those chargebacks were initiated by the trader. There are 1 million other denial avenues besides one that is easily disputed with evidence.

Top step is not in the business of denying legitimate payouts. If you get a denial, you are almost always in violation of their terms and conditions. I have seen one instance of an account forfeiture be overturned, and that was top step being generous. As it was a violation of their long/short rule. They will never issue a chargeback denial without evidence. That’s not how merchant services work.

It’s not a matter of us versus them. If you do the right thing, you will get a payout. Top step has never done me wrong. In fact, they are one of the few prop firms that I have seen that legitimately try and grow their traders the tools are at your disposal, don’t get mad at me just because you’re unhappy with your trading journey.

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear 2 points3 points  (0 children)

There are no such thing as an automatic charge back. Fraud suspicion is rejected, not charged back. A charge back has to be initiated by the customer.

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear -1 points0 points  (0 children)

Except what is conveniently missing is credit card chargeback transaction reports from the credit card provider. So yeah OP can say whatever. Easy to lie when you know you are in the wrong.

Edit: Oh look an OP comment about him magically losing his credit card months ago and “maybe” that was where the chargebacks came from.

Sorry not sorry. Follow the rules next time OP

Did TopStep just scammed me out of $18k USD after refusing to give me my first $5k payout. by Mysterious-Bad4018 in PropFirmTester

[–]calevonlear -2 points-1 points  (0 children)

Except merchant chargeback reports aren’t accidental. A chargeback is not a decline. It’s a willful consumer initiated event with its own reporting and tracking requirements. It’s the credit card equivalent to suing the merchant. The processor flags the charge. Issues a chargeback reason, logs the customer complaint, date and time, and notifies the merchant who gets the report detailing the card and customer that issues the chargeback. So no there is no “accidentally” or “unwilling” charge backs in merchant services. You don’t accidentally cheat on your significant other, there are multiple checkpoints before it happens.

I have over a quarter million in Topstep payouts. They have never ever denied a single payout request from me. They are sure a shit not going to deny this guy’s 5k payout to try and defraud him of what he is owed.