-This is my theory as well; discretionary enforcement of the rules (when it best suits them).

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-If I had to guess, you are probably right about youtubers (and other traders). Probably, Apex put the hammer down, which caused an uproar of complaints and confusion, ultimately leading to Apex having to clarify the rules. -Which is not surprising, ...

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-I'm not sure. These are preexisting rules that have likely not been heavily-enforced up to this point. Which begs the question about what their plans might be going forward. I have to wonder about the wisdom of enforcing such rules, given the ...

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-Same. Unless I am scalping, I expect that small retracements may occur before moving in the intended direction, and this allows me to obtain better entries while reducing slippage. I have found that flexibility in trading is better than keeping ...

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-No problem. And I appreciate you saying that. I am grateful for the opportunities that traders currently have. In my opinion, there has never been a better time in history to be a trader. That being said, I am realistic about what these firms ...

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- I do not feel entitled in any way. I am simply discussing what I see is the possible problem and how to circumvent that problem so that firms can remain operational. My opinion regarding what should constitute trading is just that ...

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-Yes. When you rein in traders by forcing them to exhibit good trading practices, what you eventually end up with are better traders. Given the current model, the final product is likely not something that can be reliably A-booked, either. Bad ...

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-Commonsense should dictate here. Given the nature of the prop, we must assume that such rules are designed to prevent traders from being profitable, not to prevent traders from losing virtual funds. They can try to package it however they like, but ...

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-Has nothing to do with that. I have explained already. Fortunately, with APEX, it is not a necessary thing.

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-It is a silly rule, in my opinion. I can understand it for the reasoning that you described (adding to losing trades), but this rule should not apply for entries. If they revised the rule to only apply for subsequent trades that take place after 1M ...

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-I am not talking about that. I am talking about breaking positions up into smaller sizes. There should be nothing wrong with that.

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-I agree with most of these rules, but I do not understand why firms prohibit DCA. Maybe someone can explain. Being able to break trades up into smaller position sizes is a necessary part of trading. I do it to mitigate slippage and maintain ...

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-With profit caps, you would also need to reset account balances, while still keeping the 10-day minimum trading days between each payout. Given the nature of the model, nothing will be foolproof until/unless these firms can find reliable ways to ...

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-If true, one would think that they would make obvious adjustments to avoid insolvency. Maintaining profit caps across the board would be a good start. Allowing traders to pull >100k/month just seems unnecessary and borderline reckless. Personally, ...

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-One would hope so, but I cannot help but wonder how much they decided to pocket for themselves before actually pulling the plug.

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-Agreed. Perhaps it would not be fully possible to put a cap on competitors in a free market, without government intervention, but at least significantly raising the bar would help to ensure that the opportunity lasts longer.

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-Objectively speaking, I do think that the Apex model is much better than what these FX props are doing. However, I also think that the Apex model can (and should) be improved on. Having profit-caps is key (along with minimum trading days between ...

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-We are in agreement here. But I believe that the original conversation was about people cheating, specifically. This is in accordance with Takisd's previous comments. Perhaps I am wrong about what he was specifically referring to. Either way, I do ...

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-People win all of the time. Winning consistently is a different matter. -But we are literally talking about people that are cheating, not just gaming the system using statistically favorable outcomes.

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-Their activity creates additional risk for the firm, which could ultimately lead to the program ending, which would hurt everyone, all without the actual skill of trading. They are cheating their way through it, contrary to honest traders. If ...

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