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  • #37,381
  • Jun 4, 2024 5:01am Jun 4, 2024 5:01am
Quoting fx_rookie
The max contracts you are able to open is the leverage.
Literally not the definition of Leverage in any shape or form, but i understand what you’re trying to say.
Trade with confidence, trade without fear.
  • #37,382
  • Jun 4, 2024 5:29am Jun 4, 2024 5:29am
Quoting Nsak3y
{quote}-Yes. Probably only a matter of time until others figure that out. Then, maybe Apex will prohibit any sort of quasi-martingale strategies to combat against 3rd-party service providers. Fortunately, these rules do not stop honest traders from making profits. Unfortunately, honest traders may be erroneously targeted if the rules become too stringent. Oftentimes, it's the honest traders that end up getting hurt in the end (less flexibility and more risk of getting mistakenly flagged).
But.......atleast we can still, yolo, DCA, martingale, whatever we'd like on the evals. Once again, fully showing what we of course already know.......other than not being able to manipulate price, these firms are just the same as the forex props.....profitable traders are a liablility. Although I knew better, I had this 0.00000001% glimmer of hope they weren't.
As you/I and many others have stated though......fantastic opportunity for the cost of a 12 pack of beer. Milk it and fund your own account
  • #37,383
  • Jun 4, 2024 5:34am Jun 4, 2024 5:34am
I am currently trading my funded account with ACG. So far so good. Ongoing trade. Let's see how much of my equity I can turn into balance.
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  • #37,384
  • Jun 4, 2024 5:48am Jun 4, 2024 5:48am
Quoting fx_rookie
DCA have an easy fix again - Lower the leverage, but then of course failing the account is slower and selling dreams is harder. 100% gain for several weeks is possible only with very big risk, whatever (DCA or not) the strategy is. And yes, it is gambling.
Yes, it is gambling. The way I view this though, is I am placing a $17 trade, what one would typically risk on maybe a $500-$1,000 personal account. You need to hit a 1.2:1 (3k:2500) trade or do it over several (you get the point) and for a nominal fee of $85, you now have $2,500 to trade with and the leverage of a much larger account. So, even if you yolo 10 @$17 and pay the $85, you are way ahead of trading your own funds. Once passed, trade like you would a personal account.
  • #37,385
  • Jun 4, 2024 5:50am Jun 4, 2024 5:50am
Do you like the way they call it "dollar cost averaging" to avoid having to refer to it as what it actually is ("adding to losers")?
  • #37,386
  • Jun 4, 2024 6:02am Jun 4, 2024 6:02am
Quoting KarlKraus
Do you like the way they call it "dollar cost averaging" to avoid having to refer to it as what it actually is ("adding to losers")?
There is no difference in 1 trade risking say 2% or 10 trades risking that same total 2%. DCA, when used properly simply allows your trade breathing room. I know, I, myself, am not even close to good enough to enter precisely on the exact price....I would imagine most aren't either.
  • #37,387
  • Jun 4, 2024 6:02am Jun 4, 2024 6:02am
Quoting KarlKraus
Do you like the way they call it "dollar cost averaging" to avoid having to refer to it as what it actually is ("adding to losers")?
It pains me greatly to admit I have to agree with you on this.

Adding to losing positions is the mother of all bad habits.

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  • #37,388
  • Jun 4, 2024 6:04am Jun 4, 2024 6:04am
Quoting pipmaster77
{quote} There is no difference in 1 trade risking say 2% or 10 trades risking that same total 2%. DCA, when used properly simply allows your trade breathing room. I know, I, myself, am not even close to good enough to enter precisely on the exact price....I would imagine most aren't either.
Yeah but that's not what's happening with the overwhelming majority of traders. I've seen people stacking the shit out of losing positions in hopes of it turning around.
Trade with confidence, trade without fear.
  • #37,389
  • Jun 4, 2024 6:08am Jun 4, 2024 6:08am
Darrell did address a strategic scenario regarding DCA.

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  • #37,390
  • Jun 4, 2024 6:11am Jun 4, 2024 6:11am
Quoting Cryptosurf
{quote} It pains me greatly to admit I have to agree with you on this. Adding to losing positions is the mother of all bad habits. {image}
True, if one risks 2% and then just keeps blindly adding, risking the same on each additional, with the hopes of it coming back. If you have pre-determined exits and total risk is constant, it is not a losing strategy.....obviously most doing it, do not use it this way.
Remember back when you were trading the forex pivots, we would enter in a range, firing multiple bullets, instead of unloading all in one shot. This is the same exact concept to me. Difference being,day trading indices, holding for lower periods, in and out much quicker.
I'll adapt to whatever is thrown at me.
  • #37,391
  • Jun 4, 2024 6:13am Jun 4, 2024 6:13am
Quoting Cryptosurf
{quote} Yeah but that's not what's happening with the overwhelming majority of traders. I've seen people stacking the shit out of losing positions in hopes of it turning around.
Right and that exemplifies the point of folks who know what they're doing being punished by the acts of those who do not. That is the only frustrating thing to me. Hell, I'll just DCA accross multiple firms/accounts. There is workarounds for everything.
Actually, the folks stacking, do know what they are doing.......otherwise they would not be prohibiting it. Point is, they would not, or atleast should not, trade their own money like that.....so I get the rule.
  • #37,392
  • Jun 4, 2024 6:20am Jun 4, 2024 6:20am
I'm thinking of trading futures with Darwinex-zero. Only opportunity to trade futures with a prop using MT5.
  • #37,393
  • Jun 4, 2024 6:22am Jun 4, 2024 6:22am
Quoting pipmaster77
{quote} True, if one risks 2% and then just keeps blindly adding, risking the same on each additional, with the hopes of it coming back. If you have pre-determined exits and total risk is constant, it is not a losing strategy.....obviously most doing it, do not use it this way. Remember back when you were trading the forex pivots, we would enter in a range, firing multiple bullets, instead of unloading all in one shot. This is the same exact concept to me. Difference being,day trading indices, holding for lower periods, in and out much quicker....
Yeah I agree that was useful when trading the weekly pivots. I think it all changed after I switched to intraday with my personal AMP account. I didn’t like chewing thru available margin and adding additional fees. I forced myself to be more particular with my entries and reducing the slop.
Trade with confidence, trade without fear.
  • #37,394
  • Jun 4, 2024 6:33am Jun 4, 2024 6:33am
DCA can be objectively defined so it would be much better if Apex would have the system detecting it and allowed to X DCAs per Y trades (after that the count would be reset).

If people overtake it there would be some penalty (all profit from all DCAs removed, for example, but not the losses or, more drastically, even the failure of the account). There are ways, not very complicated, of handling this DCA is they don't want it.

When Alpha had the martingale rule they had a count per week, if I'm not wrong, and they allowed 2 or 3. This didn't punish any mistake and allowed a real martingale to be done in some specific situation, if the trader wanted.
  • #37,395
  • Jun 4, 2024 6:42am Jun 4, 2024 6:42am
Which prop firms are trustable/withdrawable now? I don`t see any list of them.

For Example by me Kortana, Social Trading Funds and Infinity Forex Funds are Scammers.
  • #37,396
  • Jun 4, 2024 6:49am Jun 4, 2024 6:49am
APEX ROLLERCOASTER

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  • #37,397
  • Jun 4, 2024 7:09am Jun 4, 2024 7:09am
Quoting Cryptosurf
{quote} Yeah I agree that was useful when trading the weekly pivots. I think it all changed after I switched to intraday with my personal AMP account. I didn’t like chewing thru available margin and adding additional fees. I forced myself to be more particular with my entries and reducing the slop.
Yes, and TBH, I'm not adding more than 1 on apex....it's always just the point that frustrates me. I can't add 2 micros to my losing 1 micro.......however, the guy with a 5 mini position can add another 5 minis to his loser.......just doesn't make sense to me.
  • #37,398
  • Jun 4, 2024 7:10am Jun 4, 2024 7:10am
Quoting skyf
What do you guys think of audacity capital..?......7.5% DD.....looks great.
The question is: Do they pay?.
  • #37,399
  • Jun 4, 2024 7:10am Jun 4, 2024 7:10am
anyone not getting a feed for MNQ on rithmic with apex? I can trade NQ(mini) but no feed for micros?????
  • #37,400
  • Jun 4, 2024 7:21am Jun 4, 2024 7:21am
Quoting pipmaster77
anyone not getting a feed for MNQ on rithmic with apex? I can trade NQ(mini) but no feed for micros?????

Still a bit of a cluster happening

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