DislikedIn funded account you have initial 5k drawdown. After that it stops trailing. After that you can lose all you open profits if you like.Ignored
Trailing intraday stop loss serves one purpose and one purpose only: To benefit the "funding" company by forcing failure upon subscribers and inducing reset fees.
No real trader who has long term success has a trading plan based on an intraday trailing stop lol. Such a stop creates bad trading habits by encouraging a trader to trail a stop too closely, not adhering to his or her trading plan with respect to letting profits run to the take profit level etc.
I only did Apex because of the 80% off + 1 day pass.
I did find on their website that the account updates at midnight, which would explain (I guess) why I have not received an email telling me I passed the eval and giving me instructions for setting up a funded account.
Really suspicious of Apex. I think TradeDay is a much better set up. End of day drawdown, very clear trader eval dashboard with all information updated no later than 5:30 PM Eastern, no bizarre withdrawal shenanigans.
Now that Apex is out of the way, I'm going to focus on finishing the TradeDay requirements.
I tried Take Profit Trader but their $1100 intraday drawdown killed me. You hit $1100 down, easy to do intraday on the NQ trading multiple contracts, and the account is DEAD!
Not locked for the day, but dead, as in you have to pay for a reset OR wait for your next monthly sub payment. I cancelled my subscription to Take Profit Trader. The $1100 intraday kill switch is another rule made up by a prop firm to cause failures and generate reset fees. It serves no purpose if you are really interested in funding traders who have solid trading plans. A solid plan will be profitable week to week to week. But from minute to minute, there will be drawdowns.
I think most of the prop firm space is populated by "companies" that really just want to feed themselves off subscription charges and reset fees.
Again, TradeDay seems to me to be set up more as a real traditional prop firm.
We will see.
My objective is to learn the skill of flawless execution of my trading plan
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