Auto-generated transcript below — expect the occasional typo and a lot of trader slang.
Transcript
They’ve been around for a while, too. And then out of nowhere, no, really aggressive with their marketing out of out of nowhere Tradeovate drops them. Out of nowhere a bunch of people get out of passes. This just happened like a month month ago. Out of nowhere, people a ton of people like accounts got like just shut down. Down. Tradeovate suspended their account. They pay Tradeovate. I guess they couldn’t afford it. I
don’t know. Alpha compliant complaint alleges Tradeovate promised 90 days notice and an orderly transition then cut off all trading and platform access over a single weekend, took Alpha’s client list, and used it to move those traders to competitors. That was the complaint. That was the — Yeah. — Um and what happened was it already got dropped. — Oh, did it? I didn’t know it got dropped. — I don’t know. That shit’s
already over. Ninja Trader won. — Oh, my god. Yo, I’m surprised Ninja Trader doesn’t open up their own prop firm. Or maybe it’d be uh — It might be a conflict of interest. — Conflict with everybody else? — Yeah, because it’s like what cuz then you would run into the same situation that Topstep ran into where they were they rolled out their own internal trading platform called Project Slip X, I mean
Project X. Then they start offering it to the other prop firms. So, all these prop firms are using it. And then they decided one day after a bunch of people have been using it and got used to using it and like it, they decided to pull it from every other prop firm except for their own. They so they claimed a monopoly on it. And Topstep caught a lot of for it. —
It was a smart move by them, to be honest with you. — Very very shrewd business move, very smart. — Yeah. — It just makes Pay Deck look even more like a jerk off than he already is. Um but uh yeah. I I That’s That’s what you would run into because Ninja Trader and Tradeovate is the same company. Ninja Trader owns Tradeovate. All these prop firms pay Ninja Trader for the Tradeovate
trading platform. — So, Ninja Trader’s an affiliate of them also. — NinjaTrader is a super affiliate of them. — Mhm. Um — Yeah, Davis. Yeah, come hang out. We stream usually at least once a week. And then we take we take the segments from um segments from the uh from these streams and post them as their own videos. — You don’t know who Davis — bigger channels, but we just — don’t
you don’t know who Davis is? — I don’t know Davis. — I don’t know Davis either. He’s just a new guy, bro. — He found us. All right. — Yo, what up? New guy. — Make sure you I think he bounced already, but make sure you subscribe, bro. — Yo, smash my subscribe button so hard. — I think he [snorts] did. I think he did. — Yeah? — But uh yeah. It’s
a new guy. New guy. But yeah. — What’s up, guys? Yo. No day one payout. — Hey, guys. — Only day one. No day twos. — So, let’s see. Alpha Trader Alpha What was it? Alpha Futures, right? — Yeah. — Holy Yo, a prior solely incident solely incident to be wrought to the wrongful determine to strike below. Tradovate now asserts a purported prior balance of 225,700. — I mean, listen. They should
be able to cover that. — [clears throat] — Yeah. — You hope. — It’s crazy. — Who knows? — Uh case — And they were starting to gain traction, Alpha Trades, to be honest with you. They were gaining a lot of traction. — Case 126 I 088 C-CV -CV — -CV’s nuts. — C and D [laughter] -08846. All right, I want to see I know it got dropped cuz there was like
a that was like that came out around the same time. — [sighs and gasps] — K’s overview wasn’t it didn’t NinjaTrader NinjaTrader win? And it’s already already dismissed. Pretty sure. What? A recent ruling regarding emergency restrictions. So it’s not completely over. A federal See, on August 20th Yeah, this is what happened. A federal judge denied Alpha Futures request for a temporary restraining order and a preliminary injunction. — Yeah. — The court
ruled that based on the early evidence presented, Alpha Futures failed to prove a high likelihood of immediate success specifically on his trade secrets claim. This means NinjaTrader does not face emergency court-ordered restrictions while the lawsuit is actively being fought. While the case is not dismissed, an injunction denial only stops an emergency temporary freeze in the underlying lawsuit. Ongoing claims Alpha’s core lawsuit, which includes claims of defamation, tortious interference, and conversion remains
fully alive and active in court. — Following up, Stephen. — Yeah, would you with that? Would you with that firm? — No, I’m out of that firm. — Stephen Davis, what up? — No, Stephen Davis is a homie. — Yeah, I’ve seen him on your when I’m lurking. — Lurking? — When I’m lurking in the shower. — No. — I got when I’m lathering myself up. — Yeah. — What’s Cole doing
here? What are you doing here? — Yo, we’re This is This is a side project we got. — collaboration. A little collaboration. — This collaboration could be the biggest channel, to be honest with you, once it gets out there. — Yeah. Yeah. — Especially if we start trading on this every once in a while. Just doing dumb-ass together. — [laughter] [laughter] — Um Yeah. Yeah, it’s crazy. Well, I mean Ninja Trader
is probably going to beat them. Let’s be real. You know, but this is one of those things that like, you know, Ninja Ninja Trader is not going to be able to just vote them off. They’re going to have to beat them off this this case. — Who’s beating who up?
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