Why Traders Fail Prop Firm Challenges (+ How to Pass)
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} No offense but Apex is designed for people that can actually trade and are consistently profitable. Your bullet points are unlikely to worry a consistently profitable trader. 99% of retail traders can't trade for one reason or another, Apex is not looking for those individuals.Ignored
DislikedDid a test run on FTMO demo for my AI signals thingy, lets call it BOB. {image} The one thing i notice is that FTMO demo's are not the same as the live feed in terms of fills and spread movement. So it may be magical results based on a magic feed but the feed in general seems ok for testing purposes. So as promised, maybe next week I will try it on FXIFY if the world is still here a week from now. I do want to avoid the news cycle though. If bob can reliably pass these prop firms I will use it as a pokemon master to catch them all if I have to energy...Ignored
Disliked{quote} Apex is not good at all compared with forex prop firms. 1. Trailing drawdown. A trailing drawdown makes it 3 times more likely to blow up your account than a fixed drawdown, which is industry norm.In another forum I watch some traders posted their journey for Apex challenges and when they blow up their accounts, their accounts are actually in decent profit if they play MFF challenges. 2. Monthly fee, exchange fee and activation fee. Compared with MFF, activation fee alone is equal to MFF's fee for 50K challenge.Futures prop firms' challenge...Ignored
Disliked{quote} Did I miss something where I said it was better than forex prop firms? I said they were the best futures prop firm, and did you miss where I said @ 80%/90% off discount? That 50K would be $16/$34 per month. Higher profit target?!?!?! 50K account... FTMO = 10% + 5% Target / 10% DD = 1.5, TFT/TFF/E8 = 8% + 5% / 10% = 1.3. Apex 3% / 2.5% = 1.2 They are not better than most forex props, but they are a firm with a good track record of paying & their offer on 25K/50K @ "DISCOUNT SALE" is not bad.Ignored
Disliked{quote} Very impressive BOB AI you have there. I know about EAs since I have designed many EAs over the last several years. I wonder what the difference between AI and EAsIgnored
Disliked{quote} BOB just tells me what target price is pretty much and expected drawdown. If it makes sense I will try.Ignored
Disliked{quote} ohh,, Bob is more like a forecast model, am I right ? by looking back on history and forecasting direction, how far the move, something like echo forecastIgnored
Disliked{quote} WTF ?! You said 80%/90% and I understood 80/90% of value (so 10/20% discount). 80/90% discount it's insanely cheap, almost free money, even with the trailing stop. How often do they do that ?Ignored
Disliked{quote} Sure, but if you are a profitable trader (the 1%), the forex props are still a better deal. Why would one trade where they will make less money and/or have more restrictions? Just asking. I trade with 4 forex props and I trade futures on a live account with amp.Ignored
Disliked{quote} WTF ?! You said 80%/90% and I understood 80/90% of value (so 10/20% discount). 80/90% discount it's insanely cheap, almost free money, even with the trailing stop. How often do they do that ?Ignored
DislikedWhy Traders Fail Prop Firm Challenges (+ How to Pass) https://youtu.be/MBryt_tG_Rc?si=3QVu-vEqvFQtFQWN&t=3Ignored
DislikedWhy Traders Fail Prop Firm Challenges (+ How to Pass) https://youtu.be/MBryt_tG_Rc?si=3QVu-vEqvFQtFQWN&t=3Ignored
DislikedBut am I or anyone who can pass and make withdrawals multiple times in a prop firm considered a good trader already. man those stats are very low.Ignored
Disliked{quote} I apologize for if i sound humble bragging or just bragging in general. But am I or anyone who can pass and make withdrawals multiple times in a prop firm considered a good trader already. man those stats are very low. I do fail challenges but so far all the losses I made back then when I was trading with a broker are already taken out due to prop firm profits.Ignored
DislikedI had once funded account with Apex. The whole trick is consistency rule. Before you get lost with stats about how much you can earn and how cheap the cost will be please read faq on their website carefully. Forget about flipping account, you need to be consistent. Also I had issue with my dashboard on website, it didn't refresh for few days and shown wrong max drawdown level. Support couldn't solve it. Since that time I avoid this company.Ignored
DislikedI had once funded account with Apex. The whole trick is consistency rule. Before you get lost with stats about how much you can earn and how cheap the cost will be please read faq on their website carefully. Forget about flipping account, you need to be consistent. Also I had issue with my dashboard on website, it didn't refresh for few days and shown wrong max drawdown level. Support couldn't solve it. Since that time I avoid this company.Ignored