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  • #38,481
  • Jun 30, 2024 11:37pm Jun 30, 2024 11:37pm
Quoting montygoldy
If anyone follows trades my matt on youtube.... he blew 20 PA which is kinda a shocker for me as i have seen his stream regularly. Pretty darn disciplined and consistent apex trader had 9k worth of drawdown on thursday.... {image}
Yes, I listen to him on my 3hr commute to work. I think the pressure of having to trade to create content got the best of him. I really hope he bounces back.
  • #38,482
  • Jun 30, 2024 11:54pm Jun 30, 2024 11:54pm
Quoting coastie0194
{quote} Yes, I listen to him on my 3hr commute to work. I think the pressure of having to trade to create content got the best of him. I really hope he bounces back.
I dunno. It seems fishy to me. That, mixed with this guy "Lanto" getting denied (he's on X/Twitter) even though he "claims" he didn't break any rules.

Not sure yet, just thinking out loud here... So far (knock on wood), I personally haven't had any problems.
A snails pace wins the race :-)
  • #38,483
  • Jul 1, 2024 1:04am Jul 1, 2024 1:04am
Quoting JustPipMe
{quote} I dunno. It seems fishy to me. That, mixed with this guy "Lanto" getting denied (he's on X/Twitter) even though he "claims" he didn't break any rules. Not sure yet, just thinking out loud here... So far (knock on wood), I personally haven't had any problems.
Checked Lanto tweet just now.. he saying resolved issue getting the payout
Extreme gut feeling trader
  • #38,484
  • Jul 1, 2024 1:05am Jul 1, 2024 1:05am
Quoting coastie0194
{quote} Yes, I listen to him on my 3hr commute to work. I think the pressure of having to trade to create content got the best of him. I really hope he bounces back.
but still 8k-9k worth of drawdown when you being consistent for 85 days targetting 300-400$ or same loss..... something doesn't add up thats my personal opinion.... Friday was usual nothing special
Extreme gut feeling trader
  • #38,485
  • Edited 1:55am Jul 1, 2024 1:14am | Edited 1:55am
Quoting montygoldy
{quote} but still 8k-9k worth of drawdown when you being consistent for 85 days targetting 300-400$ or same loss..... something doesn't add up thats my personal opinion.... Friday was usual nothing special

this all happened off stream last Wed, so who the hell really knows what actually happened other than Matt & Apex. Blowing 9-10K in DD per account (>180K total) in 1 day is absolutely ridiculous trading behavior. With that kind of DD im risking <$500 per trade with a max of 2 losses and I'm done for the day.

If I had to guess, I think Matt does way more risky trading away from his live streams. In the past he would routinely miraculously recover from bad loss days off stream.
  • #38,486
  • Jul 1, 2024 1:21am Jul 1, 2024 1:21am
Quoting montygoldy
If anyone follows trades my matt on youtube.... he blew 20 PA which is kinda a shocker for me as i have seen his stream regularly. Pretty darn disciplined and consistent apex trader had 9k worth of drawdown on thursday.... {image}
is he trading a private real account (he should have enough money for do it) what he can have verified by broker over some years( of course not private white label broker or small broker company)? without this i would always not trust him one word. from his words he sound like typical standard gambler or marketing prop boy often used.

is following other traders without such information not most useless thing possible to do, or maybe even worst to do to speed up learn wrong facts?
  • #38,487
  • Jul 1, 2024 1:47am Jul 1, 2024 1:47am
Quoting lddd
{quote} Not sure about the commercial EAs you can buy for the MetaTrader platform. If these are so great why people are selling them for a few hundreds/thousands? I would also need to find something that is allowed to be used with a prop trading company as i don‘t have enough capital or even want to risk it. Trading with scared money would probably only lead to even more pressure. So even if i would finally find something working for me to average a small percentage monthly return, it would have to be allowed with such firm. I believe In case of...
Are these EA HFT ? I'm asking because if people are really trusting on an EA they could put it working in a demo and then replicate manually those trades in prop account. Yes, some signals will be missed, but statistically they will be winnings and losses.
  • #38,488
  • Jul 1, 2024 2:21am Jul 1, 2024 2:21am
Quoting Capablanca
{quote} Are these EA HFT ? I'm asking because if people are really trusting on an EA they could put it working in a demo and then replicate manually those trades in prop account. Yes, some signals will be missed, but statistically they will be winnings and losses.
one of the EA mentioned is total useless Martingale cheater EA, just there to cheat people. simple structure.. total martingale... AI faked just for name.... and when their little demo account is near busting they just bring more money in from EA selling to avoid busting and then bring money out again.
then rewrite the EA with new copy to programm out this loss strike, so you get very good backtest fake results....

stupid, but because so many beginners exist and bad traders, they really believe this bullshit and faker can sell such EA for over 2000 USD, what an irony.
web is full of this bullshit and much more scam.
  • #38,489
  • Jul 1, 2024 2:26am Jul 1, 2024 2:26am
Quoting Expo33
{quote} That sounds about right. When I asked the support guy in our running email conversation about that 20% VaR he basically stopped responding. Almost like, I've run out of lies so I can't respond. That's why I may open another account and trade exactly the same lot with exactly the same risk every single trade from day 1 to infinity. They are smart not to have a Disocrd channel because it would be blowing up daily about the VaR issue
I don't think it has significance really; all that matters is getting a <= 2% DD and high return, that gets you a high rating. I can't wait till my stats come out in a week. the most concurrent risk I can have is 4.5%, and probably 10% per month max return, if every future I'm trading is moving; and then some months where nothing is happening maybe only 3 or 4 futures are moving so that's like 1.5% risk, 3% return; my strategy goes from nothingness to action in the abyss

Inserted Video
  • #38,490
  • Jul 1, 2024 2:35am Jul 1, 2024 2:35am
Quoting Markula
{quote} I don't think it has significance really; all that matters is getting a <= 2% DD and high return, that gets you a high rating. I can't wait till my stats come out in a week. the most concurrent risk I can have is 4.5%, and probably 10% per month max return, if every future I'm trading is moving; and then some months where nothing is happening maybe only 3 or 4 futures are moving so that's like 1.5% risk, 3% return; my strategy goes from nothingness to action in the abyss https://www.youtube.com/watch?v=_M0F2IRTzRo
Having your risk reduced to 0.19 matters more than anything else. It's like being in quicksand. You can struggle all you want but you're not getting out.
Pride always comes before destruction.... -Proverbs 16:18
  • #38,491
  • Jul 1, 2024 2:40am Jul 1, 2024 2:40am
Quoting Expo33
{quote} Having your risk reduced to 0.19 matters more than anything else. It's like being in quicksand. You can struggle all you want but you're not getting out.
oh wow.
  • #38,492
  • Jul 1, 2024 3:08am Jul 1, 2024 3:08am
Quoting Trader191
{quote} is he trading a private real account (he should have enough money for do it) what he can have verified by broker over some years( of course not private white label broker or small broker company)? without this i would always not trust him one word. from his words he sound like typical standard gambler or marketing prop boy often used. is following other traders without such information not most useless thing possible to do, or maybe even worst to do to speed up learn wrong facts?
I dont follow anyone but its fun to watch others either make or lose money.. its entertaining for me..... btw he was doing awesome for 80+ days on stream awesome risk management....
Extreme gut feeling trader
  • #38,493
  • Jul 1, 2024 3:13am Jul 1, 2024 3:13am
Quoting CableJ
{quote} this all happened off stream last Wed, so who the hell really knows what actually happened other than Matt & Apex. Blowing 9-10K in DD per account (>180K total) in 1 day is absolutely ridiculous trading behavior. With that kind of DD im risking <$500 per trade with a max of 2 losses and I'm done for the day. If I had to guess, I think Matt does way more risky trading away from his live streams. In the past he would routinely miraculously recover from bad loss days off stream.
exactly on stream he risked only 300-500$... i still believe why murder your cash cow.. But still hats off to 300k withdrawal great returns on investment....
Extreme gut feeling trader
  • #38,494
  • Jul 1, 2024 4:04am Jul 1, 2024 4:04am
Funding pips now has 3 payout timelines. The 100% is a complete joke.
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  • #38,495
  • Jul 1, 2024 4:34am Jul 1, 2024 4:34am
I really do not know how 99% of prop firms exists and even have real customers.
  • #38,496
  • Jul 1, 2024 5:14am Jul 1, 2024 5:14am
Quoting montygoldy
{quote} but still 8k-9k worth of drawdown when you being consistent for 85 days targetting 300-400$ or same loss..... something doesn't add up thats my personal opinion.... Friday was usual nothing special
Matt has a 50 K account ?
  • #38,497
  • Jul 1, 2024 5:20am Jul 1, 2024 5:20am
What do you guys use for analyzing your trades when using Rithmic account? On MT there were a lot of options where you can import your history and get different stats. I use QT now but I need better performance analyzer.
  • #38,498
  • Jul 1, 2024 5:52am Jul 1, 2024 5:52am
Quoting montygoldy
{quote} exactly on stream he risked only 300-500$... i still believe why murder your cash cow.. But still hats off to 300k withdrawal great returns on investment....
Did he provide any proof of that, or was it promo cash from apex?

Also regarding Friday. If one tried to have "fun" going against trend on NQ and have disregarded 3 newsevent literally and wanted to have some risky fun times with martingale. Then that would have blown any account away. Even with just 3 orders. I guess hes a real risk taker that guy who enjoys to party on the market off stream...
  • #38,499
  • Jul 1, 2024 6:15am Jul 1, 2024 6:15am
Quoting montygoldy
{quote} Checked Lanto tweet just now.. he saying resolved issue getting the payout
Would you direct me to this tweet please?
Don't give up on your dreams. Keep sleeping.
  • #38,500
  • Jul 1, 2024 6:28am Jul 1, 2024 6:28am
Takisd, do you know who this guy is ? He's talking about launching 2 eval models, transparency, stable rules, etc.
https://x.com/Robert_H_A/status/1807715096744911147
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