- Search Metals Mine
- CableJ replied Apr 14, 2024
I've dabbled in the gambling flip a coin pass or fail in 1 trade approach to evals, but it's not my personal style due to overall cost vs return on investment + that style getting flagged as toxic by props. That being said, Monty has been pretty ...
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- CableJ replied Apr 13, 2024
Here's the problem... Apex is promoting their big payouts as a marketing advantage... Patrick Weiland & Trades by Matt are affiliates of Apex when 3 months ago they were paid Topstep guys that talked shit about Apex and now that they have contracts ...
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- CableJ replied Apr 11, 2024
I would personally do... Apex (20) > Bulenox (11) > Take profit (3) > Topstep (3) > Elite trader (3) I would stay away from brand new firms. Trade day is expensive & only 1 account. MFFU = I don't trust matt and his FX prop payment denial history
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- CableJ replied Apr 11, 2024
1.5K x 11 accounts (16.5K) per 10 days traded.... 2-3 payouts per month
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- CableJ replied Apr 11, 2024
11 accounts max @ Bulenox... but only 3 upfront, from there 1 @ a time for every account you get past the payout threshold. Payouts never go unlimited, 1.5K profit per 50K account is max.... you can only cash out 2.6K reserve on account termination. ...
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- CableJ replied Apr 11, 2024
my sl is tight on the system I use @ Apex, 15 pts on NQ... so @ 150-160K I would be pretty much maxed out position size wise @ AMP with no further ability to scale up the position size for additional growth. Still a great situation, but the profit ...
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- CableJ replied Apr 11, 2024
2 years ago Topstep was the most popular by far. Apex has had ridiculous growth over the last year.
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- CableJ replied Apr 11, 2024
I'm not a brute force prop trader like Monty. I like to keep my costs low by maintaining the accounts, so I leave a decent buffer after withdrawal. if they ever force me to go live that is when I would exit
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- CableJ replied Apr 11, 2024
ahh ok...... will you have the same approach once you get past your 3rd payout month & cap is removed (if you're not there already)?
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- CableJ replied Apr 11, 2024
get back to payout threshold from $600 DD left after payout.
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- CableJ replied Apr 11, 2024
I leave a >2.6K buffer but I know you and a few others go full 2K per account, have you been able to recover the accounts after taking the max payout?
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- CableJ replied Apr 11, 2024
You can't trade the amount of total contracts live that you could across accounts in the sim environment, so It depends on how many total contracts you need to make that 1000 a day. If Apex's live is like Topstep, Takeprofit & Tradeday, you may have ...
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- CableJ replied Apr 10, 2024
Not if you spent any time in MFF's discord before NFP, CPI & FOMC! Despite the numerous warnings, traders just kept coming back for more punishment.
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- CableJ replied Apr 10, 2024
Without the US (was 1/3 of purchase market) &/or without Meta (80-85% of platform market) plus seeing TFT go down due to insolvency... I would expect more pullback by FX props on trader friendly rules, bonuses, refunds, discounts & payouts in the ...
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- CableJ replied Apr 10, 2024
Don't we already have that?... CFD's are the mirrored markets of the real futures markets. The moment anyone unregulated offers "futures" the CFTC will be on their ass, just like the SEC went nuclear on Binance the moment they tried to introduce ...
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- CableJ replied Apr 10, 2024
Not sure about required paperwork if it's just your DD capital traded in their account. If it's your account, then I would expect that would require the typical broker account opening docs. Apex recently (last 2 months) signed contracts with a few ...
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- CableJ replied Apr 10, 2024
Every futures broker knows they have to deal with the CFTC... If Ninja who owns Tradovate & Rithmic deny new props then how would FX props even enter the space?
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- CableJ replied Apr 10, 2024
Apex will eventually ban problematic profitable traders by banishing them to a live account where the reality of available L2 market depth without being "slipped to hell" will force limit position sizes to 15-20 contracts on YM & 30-35 contracts on ...
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- CableJ replied Apr 9, 2024
Why didnt they ban him when he was spending 20K with the exact same trading behavior but blowing accounts?
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