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  • #25,601
  • Nov 6, 2023 9:31am Nov 6, 2023 9:31am
Quoting Cryptosurf
{quote} Day 5 w/Apex. Banked $462 for each account. Profit goal completed with two days left to spare. {image}
First 10 accounts are now in micro lot minimums to fulfill 7 days trading. 7th day will be tomorrow 11/7.

Started another group of 10 with the same daily goals of avg $428.

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Was a little messier then I liked, but managed it all the same.
Trade with confidence, trade without fear.
  • #25,602
  • Nov 6, 2023 9:39am Nov 6, 2023 9:39am
Quoting Cryptosurf
{quote} First 10 accounts are now in micro lot minimums to fulfill 7 days trading. 7th day will be tomorrow 11/7. Started another group of 10 with the same daily goals of avg $428. {image} Was a little messier then I liked, but managed it all the same.
Do you have already a strategy to get the PA at payout, 2 times per month?

Apex call it "payout strategy" but I don't mean that. I mean that we have to have a strategy to be consisten and get a payout to be a successful trader.

I just clarify because it sound bad to say "payout strategy".
in holiday till end of November
  • #25,603
  • Nov 6, 2023 9:45am Nov 6, 2023 9:45am
Quoting Cryptosurf
{quote} First 10 accounts are now in micro lot minimums to fulfill 7 days trading. 7th day will be tomorrow 11/7. Started another group of 10 with the same daily goals of avg $428. {image} Was a little messier then I liked, but managed it all the same.
I'm catching this train late. You're using tradovate with the copier ?
  • #25,604
  • Nov 6, 2023 9:45am Nov 6, 2023 9:45am
Quoting forexbali
{quote} Do you have already a strategy to get the PA at payout, 2 times per month? Apex call it "payout strategy" but I don't mean that. I mean that we have to have a strategy to be consisten and get a payout to be a successful trader. I just clarify because it sound bad to say "payout strategy".
The strategy I’ve always used. Don't be greedy, don’t chase price, when I’m up by a decent amount take profits and call it a day.
Trade with confidence, trade without fear.
  • #25,605
  • Edited 10:05am Nov 6, 2023 9:46am | Edited 10:05am
Quoting Capablanca
{quote} I'm catching this train late. You're using tradovate with the copier ?
Yep, two groups off 10 accounts each.

Edit: I don’t think you’re catching it late at all. Every day I know theres money to be made. It’s simply waiting for us to take it.
Trade with confidence, trade without fear.
  • #25,606
  • Nov 6, 2023 10:12am Nov 6, 2023 10:12am
Quoting Cryptosurf
{quote} Yep, two groups off 10 accounts each. Edit: I don’t think you’re catching it late at all. Every day I know theres money to be made. It’s simply waiting for us to take it.
Not on that sense. I'm late catching Apex. You guys are already more advanced so sorry for my questions if you already said some of the things a million times.

And, yes, market is very good right know. The number of swings up and downs of 5 points in ES during the day is something incredible.
I use to trade futures in my own account so the transition to apex won't be difficult at all in terms of symbols, ticks, etc. Just need to learn about the platform because in my own account I use Multicharts.
  • #25,607
  • Nov 6, 2023 10:25am Nov 6, 2023 10:25am
Quoting Capablanca
{quote} Not on that sense. I'm late catching Apex. You guys are already more advanced so sorry for my questions if you already said some of the things a million times. And, yes, market is very good right know. The number of swings up and downs of 5 points in ES during the day is something incredible. I use to trade futures in my own account so the transition to apex won't be difficult at all in terms of symbols, ticks, etc. Just need to learn about the platform because in my own account I use Multicharts.
Ahh ok, I’m certain you can smash it.

Cheers!
Trade with confidence, trade without fear.
  • #25,608
  • Nov 6, 2023 10:45am Nov 6, 2023 10:45am
Quoting Cryptosurf
{quote} Yep, two groups off 10 accounts each. Edit: I don’t think you’re catching it late at all. Every day I know theres money to be made. It’s simply waiting for us to take it.
Late too (even if I already used Apex when they started)

Can you explain me why you are moving to futures ? An anticipation of the regulatory problems that CFD proponents will be victims of or simply the desire to trade the real market, without slippage and spread ?

Second thing, why Apex and not My Funded Futures ?
  • #25,609
  • Nov 6, 2023 11:00am Nov 6, 2023 11:00am
Quoting Nehemah
{quote} Late too (even if I already used Apex when they started) Can you explain me why you are moving to futures ? An anticipation of the regulatory problems that CFD proponents will be victims of or simply the desire to trade the real market, without slippage and spread ? Second thing, why Apex and not My Funded Futures ?
As it is for the past 4-5 years I’ve traded only US indicies via CFD’s on various FX brokers. Prior to getting involved with any prop forms. I eventually opened up a futures account with AMP and actively trade that account for the past 3-4 years. I haven’t traded spot FX since then.

I know my limits and comfort zone. Intraday only, spending very little time in the market, sleeping easy at night.

MyFundedFutures is a joke. There’s plenty of established futures prop to choose from. No need to take a chance on a new one spawn from a garbage prop .
Trade with confidence, trade without fear.
  • #25,610
  • Nov 6, 2023 11:16am Nov 6, 2023 11:16am
Quoting Capablanca
{quote} I'm catching this train late. You're using tradovate with the copier ?
Late? I think is less of a week that everybody started to speak about it. You are one of the first in the world together with some youtuber that define himself, even with 200+ challenge bought, an entertainment trader (even if they started some couple of months before).

Quoting Nehemah
{quote} Late too (even if I already used Apex when they started) Can you explain me why you are moving to futures ? An anticipation of the regulatory problems that CFD proponents will be victims of or simply the desire to trade the real market, without slippage and spread ? Second thing, why Apex and not My Funded Futures ?
-90% discount on their offer that make it a very good risk-reward ratio compared to other props and if you are a scalper, futures I guess is the unique way, after we lost the good spreads of MFF.
in holiday till end of November
  • #25,611
  • Nov 6, 2023 11:28am Nov 6, 2023 11:28am
Quoting Cryptosurf
{quote} As it is for the past 4-5 years I’ve traded only US indicies via CFD’s on various FX brokers. Prior to getting involved with any prop forms. I eventually opened up a futures account with AMP and actively trade that account for the past 3-4 years. I haven’t traded spot FX since then. I know my limits and comfort zone. Intraday only, spending very little time in the market, sleeping easy at night. MyFundedFutures is a joke. There’s plenty of established futures prop to choose from. No need to take a chance on a new one spawn from a garbage...
TBH, I discovered the same exact thing. Once I began trading the indices, which were CFD's with the props, I found myself trading less and less forex. It's a manipulated market, not to mention you essentially must be, at the least, "paying attention", if not in, 24 hours per day.
I'd wake up at 3 am to see how the London open was manipulating my GBPAUD trade.....no thanks.
After trading CFD indices, natural progression was my own personal futures account.
Of course, now in light of one of the only 3 legit fx props being illegally seized by the CFTC, next natural progression is futures props.
But as Crypto has stated, regualted exchange, normal hours, not losing sleep, etc, etc.....as a bonus, they move much better as well, I can grab 50-100 points on the DOW in the same time I'm waiting to grind out 10 pips on EURUSD.
  • #25,612
  • Nov 6, 2023 11:39am Nov 6, 2023 11:39am
Quoting pipmaster77
{quote} TBH, I discovered the same exact thing. Once I began trading the indices, which were CFD's with the props, I found myself trading less and less forex. It's a manipulated market, not to mention you essentially must be, at the least, "paying attention", if not in, 24 hours per day. I'd wake up at 3 am to see how the London open was manipulating my GBPAUD trade.....no thanks. After trading CFD indices, natural progression was my own personal futures account. Of course, now in light of one of the only 3 legit fx props being illegally seized...
Well said, the profit I used to make in a week trading FX I now make in minutes with indices. Every day without breaking a sweat.
Trade with confidence, trade without fear.
  • #25,613
  • Nov 6, 2023 11:52am Nov 6, 2023 11:52am
Quoting Cryptosurf
{quote} Well said, the profit I used to make in a week trading FX I now make in minutes with indices. Every day without breaking a sweat.
Real market data.... I feel like in holiday on a beach and sun. Uninstalled MT5 forever.
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in holiday till end of November
  • #25,614
  • Nov 6, 2023 11:57am Nov 6, 2023 11:57am
Quoting Cryptosurf
{quote} Well said, the profit I used to make in a week trading FX I now make in minutes with indices. Every day without breaking a sweat.
Yes, I literally flipped my first amp futures account (very small) in my first 3 weeks without any excessive risk.
  • #25,615
  • Nov 6, 2023 12:26pm Nov 6, 2023 12:26pm
first group trade done, I'm in your group now
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in holiday till end of November
  • #25,616
  • Nov 6, 2023 1:06pm Nov 6, 2023 1:06pm
Quoting forexbali
{quote} {quote} -90% discount on their offer that make it a very good risk-reward ratio compared to other props and if you are a scalper, futures I guess is the unique way, after we lost the good spreads of MFF.
I should already be able to switch to the DD Threshold. Not so easy actually.
  • #25,617
  • Nov 6, 2023 1:23pm Nov 6, 2023 1:23pm
Quoting Nehemah
{quote} I should already be able to switch to the DD Threshold. Not so easy actually.
futures or forex prop, nothing is easy, there is no an easy formula here.
in holiday till end of November
  • #25,618
  • Nov 6, 2023 1:43pm Nov 6, 2023 1:43pm
Quoting forexbali
{quote} futures or forex prop, nothing is easy, there is no an easy formula here.
I don't wonder if it's easy or not. I think in terms of edge. Wanting to beat a DD threshold is heresy for me but maybe rare geniuses manage it.
  • #25,619
  • Nov 6, 2023 1:49pm Nov 6, 2023 1:49pm
Quoting Nehemah
{quote} I don't wonder if it's easy or not. I think in terms of edge. Wanting to beat a DD threshold is heresy for me but maybe rare geniuses manage it.
It's not about to be a genius, it's like in poker you just get an higher variance if you play hyper turbo tournament or turbo or tourney etc etc, all depend from your trading style, so if it is not your, and may be even mine at some point, you are just correct about the "heresy".
in holiday till end of November
  • #25,620
  • Nov 6, 2023 2:29pm Nov 6, 2023 2:29pm
Quoting forexbali
{quote} It's not about to be a genius, it's like in poker you just get an higher variance if you play hyper turbo tournament or turbo or tourney etc etc, all depend from your trading style, so if it is not your, and may be even mine at some point, you are just correct about the "heresy".
Variance and edge are different things. Variance measures the dispersion around the mean. When you have a significant edge, you can possibly beat the spread and the slippage and possibly minimize the variance when it is negative. With a threshold, the starting edge is so negative that even a positive variance will not necessarily be saving. On the other hand, threshold and negative variance are guaranteed bankruptcy. In the long term, on a smoothed variance, you will simply suffer the negative starting edge (threshold) with the certainty of losing. The only way to win will be to find positive edge based on prices paid and promotions. But these rarely compensate for the fees you will pay as a funded person. Obviously this can happen and you have to take advantage of it.
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