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  • #44,401
  • Nov 15, 2024 4:52am Nov 15, 2024 4:52am
Quoting procrude
https://www.youtube.com/watch?v=_guSxwJcmiU
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  • #44,402
  • Nov 15, 2024 5:06am Nov 15, 2024 5:06am
Quoting fx_rookie
{image}
-I suggested that he should share his trades. It seems that he doesn't understand the difference between closed P&L and open P&L, nor the difference between overall max loss and max loss from a single position etc..
  • #44,403
  • Nov 15, 2024 5:23am Nov 15, 2024 5:23am
Quoting Nsak3y
{quote}-Yes. He needs to show his trades, then the truth will be known. Anyone that truly believes that they did nothing wrong will not hesitate to prove their case.
I guess he changed his risk after the first 5 days just to secure his payout :
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Don't give up on your dreams. Keep sleeping.
  • #44,404
  • Nov 15, 2024 5:24am Nov 15, 2024 5:24am
They should have flagged the account earlier. This is an easy check for automation.
  • #44,405
  • Nov 15, 2024 5:43am Nov 15, 2024 5:43am
Quoting Artcool
I guess he changed his risk after the first 5 days just to secure his payout
-If you are referring to his profits, then it is my opinion that his profit fluctuations are not sufficient to warrant a denial.

I suspect that he was denied for some other reasoning. He should be able to find out, exactly; hopefully he will disclose it.
  • #44,406
  • Nov 15, 2024 5:48am Nov 15, 2024 5:48am
Just sent some prop firm wd money to animal shelter here for stray animals and a spaying program to help stray animals to have a better life. Animals deserve it more than humans.
  • #44,407
  • Nov 15, 2024 5:50am Nov 15, 2024 5:50am
Quoting Nsak3y
{quote}-If you are referring to his profits, then it is my opinion that his profit fluctuations are not sufficient to warrant a denial. I suspect that he was denied for some other reasoning. He should be able to find out, exactly; hopefully he will disclose it.
Yes, no way he should be denied.....he meets consistency rule. As traders, there are days we definitely adjust risk/position size. Something more to this story I suspect.
MFFU and TPT seem to not have any issues with payout denials. Despite his past in the forex world, Matt runs the futures firm pretty well IMO.
  • #44,408
  • Nov 15, 2024 6:11am Nov 15, 2024 6:11am
Quoting pipmaster77
{quote} Yes, no way he should be denied.....he meets consistency rule. As traders, there are days we definitely adjust risk/position size. Something more to this story I suspect. MFFU and TPT seem to not have any issues with payout denials. Despite his past in the forex world, Matt runs the futures firm pretty well IMO.
How about his UNREALIZED drawdown went above -30%? How to verify that?
  • #44,409
  • Nov 15, 2024 6:24am Nov 15, 2024 6:24am
Quoting montygoldy
{quote} i still feel apex is good enough for now but a bit trickier with the new rules.. they are paying
The traders have the mentality to say ( try to prove ) that he / she is correct and firm is wrong.

Funny.

A one page payout rules is there in Apex. Simply one needs to follow.

Important rules :

1 ) Upto safety net is achieved, 750 $ floating loss is line on sand. See to it that this line is not broken. Close the trades at 700 and then if one wishes can re open trades.

2 ) Above safety net profit, 30 % of overall profit can be allowed as floating loss.

This is reset once payout is made.
Intraday only.
  • #44,410
  • Edited 6:50am Nov 15, 2024 6:25am | Edited 6:50am
Quoting sampat
{quote} How about his UNREALIZED drawdown went above -30%? How to verify that?
The traders do not tell the truth.

he may have allowed un realized loss above 30 %, ( 750 for 50k account ) it leads to probation period
Intraday only.
  • #44,411
  • Edited 1:20pm Nov 15, 2024 6:35am | Edited 1:20pm
You can put Tradeify next to MFFU in terms of payout speed

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Brett has been manyyy years on the internet with other stuff so I think it is unlikely he will go for a rugpull…
  • #44,412
  • Nov 15, 2024 7:11am Nov 15, 2024 7:11am
Got my PA accounts ready with Apex. Not spending any more money with Apex. Will go over all there stupid rules over the weekend before mentally ready to trade from Monday.

Got 1 Myfundedfutures 100K Expert also.
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Drawdown is more important than Account Size !
  • #44,413
  • Nov 15, 2024 8:09am Nov 15, 2024 8:09am
I sure hope Fauci, Pelosi and Biden sold all of their pharma stock.
  • #44,414
  • Nov 15, 2024 8:14am Nov 15, 2024 8:14am
Quoting sampat
How about his UNREALIZED drawdown went above -30%? How to verify that?
-By sharing his trades. TradesViz was mentioned in one of the latest Apex 3.0 videos as a way to ensure transparency from both sides.
  • #44,415
  • Nov 15, 2024 9:08am Nov 15, 2024 9:08am
Quoting Takisd
Just sent some prop firm wd money to animal shelter here for stray animals and a spaying program to help stray animals to have a better life. Animals deserve it more than humans.
Nice to be able to agree with you about something, for once.
  • #44,416
  • Nov 15, 2024 9:13am Nov 15, 2024 9:13am
Quoting Nsak3y
{quote}-I suggested that he should share his trades. It seems that he doesn't understand the difference between closed P&L and open P&L, nor the difference between overall max loss and max loss from a single position etc..
Or, he does understand but is just using the "DENIED PAYOUT!!!" video scheme to attract clicks on his video to beef up his affiliate income from all of the links to other prop firms in his description.
Pride always comes before destruction.... -Proverbs 16:18
  • #44,417
  • Nov 15, 2024 10:07am Nov 15, 2024 10:07am
Quoting FocusWinReal
{quote} Hi Capa thanks for the list. Just a Q, is Pit Trading you mean The Trading Pit? Alpha any thoughts?
Yep, it was The Trading Pit
I forgot to include Alpha but I put it in the risky section. Lots of denials recently.
  • #44,418
  • Nov 15, 2024 12:37pm Nov 15, 2024 12:37pm
Quoting Expo33
{quote} Or, he does understand but is just using the "DENIED PAYOUT!!!" video scheme to attract clicks on his video to beef up his affiliate income from all of the links to other prop firms in his description.
I think the biggest reason people are being denied is because of a risk management rule that wasn't a rule until the new 3.0 update. It is the floating 5:1 R:R rule. Most are only focusing on the 30% drawdown per trade, but there is an explanation that you cannot have a worse than 5:1 R:R on any given trade. If you place a trade and the drawdown is $1,000, you cannot close out the trade for less than $200 profit. I've seen videos of people showing their stats and some of their trades have been like $100 wins and I'm almost certain that the drawdown to make $100 was way more than $500. This is a rule people have to pay attention to now, but most are completely unaware of it.
  • #44,419
  • Nov 15, 2024 1:38pm Nov 15, 2024 1:38pm
Quoting sampat
{quote} I think the biggest reason people are being denied is because of a risk management rule that wasn't a rule until the new 3.0 update. It is the floating 5:1 R:R rule. Most are only focusing on the 30% drawdown per trade, but there is an explanation that you cannot have a worse than 5:1 R:R on any given trade. If you place a trade and the drawdown is $1,000, you cannot close out the trade for less than $200 profit. I've seen videos of people showing their stats and some of their trades have been like $100 wins and I'm almost certain that the...
Is this on a trade by trade basis or an average ?

It's kind of a ridiculous rule because if I have a $500 DD and reevaluate my trade and think that breakeven would be good to get out, this is penalizing by that rule. Then it's better to close the position at a loss of -1 USD. I guess they don't care if I go from -1000 to -1 only if I go from -1000 to +20 ?
  • #44,420
  • Nov 15, 2024 1:45pm Nov 15, 2024 1:45pm
Quoting Capablanca
{quote} Is this on a trade by trade basis or an average ? It's kind of a ridiculous rule because if I have a $500 DD and reevaluate my trade and think that breakeven would be good to get out, this is penalizing by that rule. Then it's better to close the position at a loss of -1 USD. I guess they don't care if I go from -1000 to -1 only if I go from -1000 to +20 ?
They say its average but I bet its software that is flagging it. So with 5:1 risk to reward you can't close trade to breakeven if it is in drawdown. Basically apex wants to trade like robot put SL and TP dont touch any thing in between.
Instead of denying payouts they should have disabled withdraw button it will save lot of time.
Plus they need to give reasons of denial like what trades and when it was broken to avoid all sort of YouTube freak-out's.
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