Under Construction... *not trading advice, not your mentor*
Chicago, Il
Joined April 2012
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- Followers5.5K
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If we all want more transparency- why is the "next great thing" the least transparent venture I have ever seen?
The fact there is someone or an institution - even my own broker- on the other side of my trades doesn't bother me...
Good luck!
What bothers me is that there is risk of systemic failure when there is no insulation between the exchange, clearing firm, broker, and prop trader...
When one entity provides ALL those services to a retail client in a dark "liquidity pool" the call their own "order book" - there is a long history of failure attempts to bucket risk of counter parties like this...
Why is this time different?
Gold is the currency of Kings
Silver is the coin of Gentlemen
and DEBT is the shakel of slaves!
yeah I'm certainly not trading with them and I'm certainly doing my due diligence and offering my opinion of the matter to anyone who wants to hear it.
Stay away from Vest.
hope I'm wrong for all my friends that are trading with Vest sake, but it's 100000000% not for me.
This somehow is worse...
Everyone keeps screaming "vest is a scam, it's all fake, nothing hits the book" so instead of arguing in the replies i went and tested it myself 👇
Same day, same NQ, market orders, screen recorded the whole thing
LIVE funded account: LANTOS Burner 01
bought 0.0413 NQ at $29,621.00 at 07:28:35 → $1.22K buy printed on the tape, same price, same second
closed at $29,612.75 at 07:29:09 → $1.22K sell printed on the tape, same price, same second
EVAL account: LANTOS Burner 49
Sold 0.0341 NQ at $29,604.25 at 07:27:13 → nothing on the tape
bought back at $29,605.00 at 07:27:30 → nothing on the tape
trade history matches every fill. watch the video, i highlighted all of it
So live trades hit vest's book and evals don't. they're not handling them the same way
What this doesn’t prove: where vest hedges after your trade prints. that’s on vest to answer, not me. their terms say any live trading happens “if at all” at their discretion, so to me it’s a hybrid where they decide what goes live, and i’ve said that from day one.
but "nothing is real, it's all sim" is just wrong. and don't take my word for it either, go test it yourself. place a market order on your live account and one on your eval, use an odd size so it's easy to spot, keep the Trades tab open and screen record it. then check your trade history for the exact second and see what shows up on the tape
Full transparency, i'm an affiliate with vest and almost every other firm. i'd post the same test no matter whose name was on it. I just hate the misinformation that people are spreading for clout.
This week has taught me 2 things:
1) Most people have no idea what they are talking about
2) People are easily convinced of anything
Are they living under a rock?
👋 Hey @Patrickwieland (and team),
First - we appreciate your contributions as an affiliate for Vest and respect your right to choose whether you want to promote or not promote. As always, your commissions will be paid even if you choose to stop promoting and we hope that you feel that we've treated you fairly as an affiliate.
Our policy towards banning affiliates is simple. If we are aware of or receive information proving beyond a reasonable doubt that an affiliate is engaging in illegal activity or is defrauding / scamming users, then we will ban them. We don't take this lightly, and if you have something to share, please share it either in private or in public. We have seen the tweets back and forth and so far our understanding is that there is clearly a disagreement about body weight and respective gym routines.
Our company is singularly focused on building the most trader-centric product and the affiliate program exists to allow content creators and educators to participate in that growth journey. Getting involved in subjective decisions regarding affiliate disputes is not part of that remit.
Vest's goal is simple - keep rules fair, simple, clear, and consistent. This applies to trader rules and affiliate rules.
As far as Vest's sustainability and operations, our founder @perpv2 has discussed this at length. We respect if you disagree and do not want to participate in Vest's growth, and we hope to see you back on the rocket ship in the future.
Draft Trader retweeted
Wow… Look at vests new terms. Now they admit ALL OF THEIR ACCOUNTS ARE SIMULATED….
“No real trading capital, assets, margin, or collateral are credited or entrusted to you.”
Just a fucking fancy ass sim funded prop but instead of riding on top of you know… THE REAL CME BOOKS - These mother fuckers have their own fucking order book that arbs say NQ and then they can pull the fucking liquidity completely slipping your stop a million fucking points.
“oH vEsT iS sO gOoD aNd oThEr pRoPs cAn’T cOmPeTe”
They’re backed by fucking Jane Street. You know the same Jane Street that at one point was banned from Indian markets from extracting billions from retail traders!?
Meanwhile their affiliates can earn up to 20% and then in their terms they even mention they and their affiliates can take the other side of your trades 👏 👏 👏
They know how much fucking retard retail volume is in prop and sim lives.
I was wondering when an institution would leverage influencers… I really had been wondering.
Will turn me over sideways and fuck me - because here it is.
They’re paying some of these fucking influencers so good that of course they’re going to say otherwise!
That’s how fucking corporations pay politicians to do some bull shit.
Get a good look at everyone one of these shit it down your throat vest influencers that are going hard in the paint, and are convincing you to drink their kool-aid. Not the code bombers. I’m talking known entities who aren’t spamming codes. But the ones who defend it.
You know. I’ve been told if I had affiliate codes people would use them. I realize that I’m leaving free fucking money on the table that in a way supports content creation.
Traders have told me they would use my codes if I had them.
I thought about using vest. Then I saw what the fuck it was…
I can’t. I fucking can’t bring myself to use them. Even if they gave me a shit load of hush money and a reach around.
Ah yes. But what about me talking about how we need to have more retards in the market.
Yes yes… In the real fucking market not bank rolling Jane Street!
We don’t see half that volume anyways as they’re on live sim. But these KYC prop things are pushing traders to live more and more preventing the gaming of live sim.
Really I’m just bitching and hoping I can organize some mass squeeze with you all on Jane Street like roaring kitty did on Melvin Capital - that way I can be the second cat in history to do such a thing.
Huge
Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO, would act as the HIP-3* deployer: creating, owning, and administering the markets and clearing and settling the contracts. If approved, NinjaTrader Clearing, Payward’s CFTC-registered FCM, would carry client accounts.
HIP-3 will support optional deployer configuration for permissioned markets in a future network upgrade. This set of additional deployer functionality is collectively called HIP-3*. At its core, HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers. The functionality is strictly additive to HIP-3; its use is optional and up to the deployer. Existing markets remain unchanged. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback.
Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. HIP-3* gives deployers additional functionality to operate deployments consistent with the requirements applicable to them. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.
Draft Trader retweeted
Just so you all realize: I trade every account and every firm differently...
Different contract, different rule, different game.
In my #Futures #trading, I am a methodical boring grinder.
20 point goal on the #NQ.
Want to make more? COPY TRADE!
Here is my performance at #Bulenox #Propfirm for example...
I have 5 Lucid daily's too -> about to get funded, but otherwise the last 2 months I have concentrated on my BTC trades; but I was still trading these funded 50k's at Bulenox...
Needless to say, I have been graduated to live, so in the comming weeks you will see me transition back to more futures trading too.
3 payouts, and before I could request the 4th, CONGRATS LIVE TRADER!
Such's sacrificing that 40k in gains... but I will just do it again, this time in a live account.
Now that #PropFirms are moving to almost all including some form on OnDemand / daily #Payout model, I will be focusing on those style of accounts and trading them with the goal of consistent cash flow over lumped payouts.
I have said this before and I will say it again...
Many of you need to educate yourself on the differences between:
#FUTURE
#CFD
#PERP
You are likely playing the wrong game with the strategy, account, or firm you have selected.
Each of these contract types behaves differently and the nuances between them are the gaps firms are betting you fall and fail into.
Knowing the differences helps you navigate the selection process on choosing the right firm to trade with.
For example I don't bother with CFD firms because a CFD is a knock-off futures price... it's a derivative of a derivative and a bucket-shop trash can. Their rules might be more laxes than futures, but that is because the firms have commisons an a spread that is designed to take the edge back in their favor.
Know before you buy... that's I am saying.
Draft Trader retweeted
I tell you my flavor of autism for numbers has its value lol...
but at the cost of my grammar abilities lol
Different game, different rules, different strategies.
I am a living algorithm who seeks the most efficient means to payout max my accounts.
I trade Perps and Futures firms entirely differently... One is for maxing risk in a single account, the other for spreading risks over multiple accounts.
I have taken 100's of 1000's of dollars from firms using both strategies for entirely different reasons.
THIS IS THE GAME, PLAY IT.
Not financial advice. Seriously, don't do this at home kids.
That's how I have found is the best way to play PERPS props that offer the best "instant payout" in the funded round.
Futures props I still grind out small dialy targets and copy trade to increase my size.
Futures: Lots of accounts, copy trade, small size in each account
Perps: 1 account = 1 trade, loss limit is the stop. Max size.
Just how I do it, not financial advice.
"Changes the game"
It's literally my 4Oth birthday today, and this post has me reflecting hard;
Sir, multi level marketing shemes and ponzi-like company operations have been around for generations.
As a 40 year old, I have seen this seen before.
The only thing 'new' is the generation of young adults who have never been fleeced by such racketeering and social engineered exploits before.
"New" is a perspective that only the old and experienced can have
For everyone else... it's new only because you haven't been here before.
Safe to say, @VestExchange has changed the affiliate game forever!
Ive never made more than 1-2K$ off affiliates in TOTAL. But 8.16K$ in the last 1 month!
Thanks to everyone using SPEAR.
I trade live and not like a degen on other firms. Can tune in always!
Grateful😊♥️
next.vestmarkets.com/r/spear…
