Articles

Sad News: Discord, squawk & some tools

293419   February 23, 2023 00:53   SwingFish   SwingFish Updates  

Dear friends,

It is with a heavy heart that I share some difficult news with you all.

As many of you know, over the past nine years, We worked hard to build and maintain this Community,
and I’ve been blown away by the incredible things we’ve built together.
From over 1700 trading logs to the almost 2200 livestreams & videos, the website, code development, indicators, algorithms, and the massive trading book download section
– it’s been a labor of love, and I’m proud of what we’ve accomplished.

However, due to a long chain of unfortunate cooperate events, I’ve found myself in a difficult financial situation.
Struggling to cover the costs of rent, utilities, and other basic necessities, which has left me with very little to keep the Community running.
As covering Company costs, client transactions and legal arrangements in multiple countries has depleted my own resources,
and I’m no longer able to keep the community running in it’s current form.

Plus, my personal hardware keeps failing, which adds another level of complexity, and i start to run out of ways to ductape things together.

The burnout & pressure to keep everything running smoothly has taken a toll on my mental and physical health,
I’ve been dreaming of money, if sleep at all, and staying cooped up inside for months at a time.

My trading history shows this fact as well, and it’s been increasingly difficult to recover from losses.
as you can see in the public records, my last hickup took me almost 19 days to recover from, which is a exeptionally long time for such a small loss.

as a result i will:
– temporary shutdown off the public Discord (as moderation is at a low)
– saving expenses by turning of value added features such as mee, and nitro (as anounced 3 weeks ago)
– removing Squawk services
– disable of messaging streams to other platforms

Trading logs will still be published as usual, and i will try to get back to the streaming timeslot from before (mid asia session)

It’s been an incredible journey, and I’m humbled by the passion and commitment you’ve all shown over the years.
I hope that you can be welcomes back in the very near future, where we can continue to learn and grow together.

This was an incredibly tough decision to make, as this did fill the last 9 years of my life, and I’m heartbroken that it has come to this.

I want to take this chance to express my gratitude to each and every one of you.
Your contributions, knowledge-sharing, and respectful discussions have made this community what it is today.
It’s been an honor to facilitate this platform and watch meaningful exchanges happen.

I’m deeply grateful for the trust you’ve placed in me.

At this time, my top priority is to establish equity by any means, in order to generate the cashflow required
to pay out the funds owed by the company and me personally, down to the last cent.

With gratitude and sadness,

SwingFish

this is part of a number of changes, read here for other project changes/updates

Streaming Hardware issue

291676   February 15, 2023 17:48   SwingFish   SwingFish Updates  

sorry guys, my Streaming computer decided to be “dark” .. somehow it does boot up properly
(more…)

System Changes and Upgrades

289137   February 3, 2023 15:48   EnFoid LLC   SwingFish Updates   EnFoid

After weeks of testing and temporarily disabling certain systems, we are pleased to announce that we have successfully moved the services to other servers.

Ensured that the transition was seamless and did not result in any disruption to other systems or services.

Please be informed that the following systems have been permanently disabled: (more…)

Realtime Transaction Report

256730   September 15, 2022 10:47   EnFoid LLC   SwingFish Updates   EnFoid

Due to ongoing issues, we have created a dedicated Status page that will show the current, real-time exposure, pending transactions, and overall details.

the data displayed there may differ from other pages, as it’s created in real-time and not based on averages.

please note that pending transactions can be user or system-created but will show regardless until cleared or updated.

also noteworthy is that the totals are NOT representing the companies value, but only the contractual obligations as such.

Some huge chunks are still missing as in disputed amounts from past providers and partners,
we will add those in a later update to additional rows in just a few days.

this is to further increase transparency only and does not serve as a statement of performance.

click here to see the current Realtime Financial Status page

Morbo Offline (just for a little bit)

224635   May 5, 2022 18:55   SwingFish   SwingFish Updates  

the Computer (Intel NUC) that hosted the Discord user Morbo since 2018,
providing Financial and Economic news to our community is down for good.

I purchased an IBM ThinkCentre to replace him, so stay tuned,

when it’s set up (hopefully during week 19) the Voice Channel for LiveSquawk will be back open for everyone again.

if you like to subscribe to the service directly,
you can do so via LiveSquawk, the provider of great Financial & economic spoken News.

they do provide an easy to use web-based Audio player you can keep open in a browser tab.

XRP (Ripple) Suspended

214834   April 29, 2022 04:41   EnFoid LLC   SwingFish Updates   EnFoid

XRP is the cryptocurrency used by the Ripple payment network. Built for enterprise and bank use,
it aims to be a fast, cost-efficient cryptocurrency for cross-border payments.

due to the ongoing SEC’s action against Ripple Labs, Inc., Coinbase stop trading in XRP by January 19, 2021.

we were still using XRP for outgoing transfers.
as of today, we can no longer fulfill payments through XRP, as we are unable to obtain more Ripple Coins until the suspension is lifted.

Other Cryptocurrencies are NOT affected by this, the SEC’s action is only against XRP!

if your XRP Transaction was canceled, please re-add it using another Cryptocurrency.

this is not the end of XRP, once the SEC has concluded the investigation with Ripple Labs, Inc.,
we will enable XRP payments, deposits, and withdrawals immediately.

EnFoid merges with EnFoid

230600   April 24, 2022 23:25   EnFoid LLC   SwingFish Updates   EnFoid

as part of the Legislation change, the following changes are planned:

• Q1 2022: Risk Products being moved to EnFoid Traders Inc.
• Q2 2022: Clients move internally to EnFoid LLC.
• Q4 2022: Striking off or releasing EnFoid Pte. Ltd.
• Q4 2022: sale of SG Assets that are not moving to the United States.

some of those tasks are major, others are just minor changes.

most of these things will take place in the background, and not affect any operations at all.
the only exception to this is the Proprietary Trading project, as we do violate regulatory requirements doing this, Prop Trading will be halted until the change is complete, to make sure the Law is on our side.

EnFoid has no (and never had) any interest in “Selling trading accounts” as this is in direct conflict with our mission statement, as a result, we will also use this chance to re-launch Prop Trading in a new form, which will be far more selective in enrolling traders, and in exchange more lenient towards the ones that do qualify.

Please see the Official Merger information here https://www.enfoid.com/legal-enfoid-enfoid-merger

Task List:

• move clients
  almost complete, some clients do require additional documentation and will be contacted individually.
• Two of the Singaporean Staff will stay with EnFoid, working from home permanently.
• Office Space in Wilmington
  Leases active since mid-2021, but we will need to finalize some infrastructure items.
  until then we continue operating in covid-19 fashion (from home)
• Banking Services
  still pending (requires management to travel to the United States)
  with this completed, Arkavis Services will be discontinued.
• Cash App & ACH direct Transfers
• Striking off EnFoid Pte. Ltd.
  this has been posted to Singapore Gazette on 17 May 2022

Server Outage (March 1)

207929   March 1, 2022 12:54   EnFoid LLC   SwingFish Updates   EnFoid

good day, last night (March 1) we had a Server outage spanning serval hours,
due to a hardware error on our Database infrastructure.

All API-driven, cloud-based features (EnFoid.IO) and client systems were covered by our Backup Database Server located in Canada, which may had caused some latency issues,

all systems are back up now, and functioning as expected.

we do apologize for the inconvenience.

VideoLog format change

203830   February 15, 2022 13:36   SwingFish   Trading Room Journal  

Quick Update on Recording/Streaming schedule.

some private and cooperative issues that need more attention than usual, forcing me to re-schedule the streaming activities.
(more…)

Office closed on 24 Sep

170842   September 23, 2021 17:48   EnFoid LLC   SwingFish Updates   EnFoid

Our office will be closed on Friday 24 Sep 2021.

For the planned vaccination of all staff, plus the public holiday, due to known side-effects, the office will remain closed till Monday.

there also will be no live trading on Friday.

We will process in and outgoing transactions after the end of 23 Sep. 2021, resulting in a rollover to be processed 24 hours earlier.

From Monday onwards, our online support will be available for you via email and Live chat.

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.

Don’t worry, no change in contracts, profit split, or rules will happen
in short, everything keeps spinning 😉

this will allow us the following:

• Maintain the 1:100 Leverage on FX Accounts.
• adding Crypto Trading.
• back to offer Futures and Equities to existing Traders.
• enable new risk profiles.
• Remove double taxing for Traders in the European Union.
• Solving upcoming regulatory issues in south-east Asia.

as a result of this, a few things will change sequentially on a trader by trader base:

• we may move some Funded/Live accounts to other platforms/brokers/or Servers
  as an example:
  – ICMarkets do operate accounts on a different Juridtiction, if your account is in ASIC we will move the account and provide you New logins.
  – if your broker doesn’t accept Cooperate clients from new Jurisdictional regions, we may move you to another broker
  – those changes will be dealt case-by-case
• Banking Information may change depending on the Jurisdiction
  if some accounts (especially wire-transfer accounts) appear inactive, that may be because of this, just contact support to get current accounts for fast transfers.
• EnFoid accounts solely used for Trading will only available in the currencies USD, EUR, GBP, AUD, CAD, HKD, and SGD
  existing accounts in other currencies will stay as they are.
• Outgoing profit payments will be uninterrupted.
• PayPal, Skrill, and Crypto will not be affected.

during the transition period,
there may be some delay in creating new Trading accounts.

in case of any question, we always there for you

IB Update ICMarkets

121271   March 12, 2021 15:03   SwingFish   SwingFish Updates   EnFoid

Due to Regulatory changes, we will have a new Agreement with ICMarkets starting Fri March 12 2021!

the agreement will be with the Global entity of IC Markets “IC MARKETS GLOBAL”

everything will stay the same, if you do have a ICMarkets account added to your IBLink they will automatically updated.

New accounts are not affected by this at all.

due to the new Systems put in place, settlements may be delayed but will always take place, there will be no cycle or payment missed because of this.

more details on IBLink here: https://www.swingfish.trade/free-money-trade-rebate