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  • #31,481
  • Feb 22, 2024 5:02pm Feb 22, 2024 5:02pm
When i started my down my path trading futures, the formerly known Futures.io forum was a great resource.

It's now known as Nexusfi.com
Trading Reviews & Strategies | NexusFi community
Trade with confidence, trade without fear.
  • #31,482
  • Feb 22, 2024 5:23pm Feb 22, 2024 5:23pm
Quoting Cryptosurf
Ive been trading NQ and DOW for the better part of 5+ years. My process is boring. I’ll only trade when it’s most liquid mostly starting 10am est. 9:30 open is always a jittery mess. I don’t trade the news. I’ll take the trade off the new hourly candle for continuation trade. Time frame is M5 mostly but also watch the 1hr. I’ll make what I consider a decent amount for the day and walk away. It’s boring, but I know if I stick to it, I’ll always be in the green.
-Very similar process, although, I also trade the open. The moves can be overzealous during that time, but the RSI and other indicators are pretty-well respected, especially on the lower time-frames. The market will usually correct itself over the next, few time-blocks that exist within the NY session.

I have spoken about this before, but when you have traded NAS for long enough, you can see the personality shifts, as different money drives the market throughout the varying, NY time-blocks.
  • #31,483
  • Feb 22, 2024 6:44pm Feb 22, 2024 6:44pm
Does alpha have a 40% discount running?
  • #31,484
  • Feb 22, 2024 8:06pm Feb 22, 2024 8:06pm
Quoting armonius
Does alpha have a 40% discount running?
nope but if you can wait then keep an eye on their discord. They silently throw 40% promotion once a month for a day or so
Extreme gut feeling trader
  • #31,485
  • Feb 22, 2024 10:53pm Feb 22, 2024 10:53pm
Quoting Takisd
{quote} Can you be my sugar daddy?
Only if I can pass a 5K challenge. Otherwise, I may have to retire in cardboard box.
Pride always comes before destruction.... -Proverbs 16:18
  • #31,486
  • Edited 11:36pm Feb 22, 2024 10:58pm | Edited 11:36pm
Spent an amazing day hiking up around Lake Tahoe.

Just got home and fired up five 50K Apex accounts.

I couldn't understand why everyone has been blabbing on about how much better the 25K and 50K accounts were. I never actually looked at the drawdown. Just figured a $22 100K dart was the way to go. Wow, what a difference, especially because it's a trailing drawdown.

I might actually pass one of these.

Do you think I'd get flagged for YOLOing an SP500 short on one account while YOLOing a NADAQ long on another account? I mean they aren't perfectly correlated but I think it would be close enough to pass one account out of the two.
Pride always comes before destruction.... -Proverbs 16:18
  • #31,487
  • Feb 23, 2024 12:28am Feb 23, 2024 12:28am
One comes here after waking up and sees 4 or 5 new pages. First thought was "which props died overnight".
Then we realized that it was just Takisd that entered the casino
  • #31,488
  • Feb 23, 2024 12:29am Feb 23, 2024 12:29am
Quoting Cryptosurf
{quote} And your phone number as well, those texts at midnight lol
Fortunately not for me (european).
  • #31,489
  • Feb 23, 2024 12:36am Feb 23, 2024 12:36am
Quoting Boulder
I see people traded 15 contracts on that 150 K account.. its crazy...one trade 50 points to pass the challenge..
That's probably what attracts gamblers. Let's say a 150K account with a trailing DD of just 5K. They allow up to 17 ES contracts (S&P).

At $50 per point each contract is about 50 x 5100 (actual value of S&P) = $255.000
17 contracts is $4.335.000

Over a (trailing) DD of just $5.000.

This is a 1:867 leverage. Not very far from the forex casinos props. It's even worse, in fact, because it's not a static DD, it's a traiing one.

Lettttttttttttttt's goooooooooooooooo
  • #31,490
  • Feb 23, 2024 12:37am Feb 23, 2024 12:37am
Quoting Takisd
{quote} I'm old. But its ok. I can scalp treasuries till the limits change.
Do the T's still quote in 1/64, 1/32, 1/16 ?
I remember that and it caused knots in my brain when I traded them (not very successfully).
  • #31,491
  • Feb 23, 2024 12:39am Feb 23, 2024 12:39am
Quoting Markula
rather than trade futures , it might be easier to find a firm where you can trade etfs. This would be easier for me since I don't have to worry about rolling over contracts on soybeans or whatever, rbob gas. I haven't decided yet though. although etfs I think you can only buy, not sell, if you can predict all of them like me, it won't really matter, just wait for buying opportunities and swing trade that. No need for cfds or futures. I'm not sure how the recent developments affect tradethepool though or others.
We can see from other perspective: if you can trade successfully any of those ETF then you'll have a futures contract for the same thing, which is more efficient because you will have margin and don't need so much capital.
  • #31,492
  • Feb 23, 2024 12:41am Feb 23, 2024 12:41am
Quoting Expo33
Do you think I'd get flagged for YOLOing an SP500 short on one account while YOLOing a NADAQ long on another account? I mean they aren't perfectly correlated but I think it would be close enough to pass one account out of the two.
Good question. I would fear that, specially in funded accounts. Otherwise it would be very easy to make money, it's like a spread trade.
  • #31,493
  • Feb 23, 2024 12:52am Feb 23, 2024 12:52am
Quoting Nsak3y
{quote}-I personally have not made the jump to futures yet. So far, I have not had to, thankfully. Being forced to learn new things and adapt to a new platform is not something that I am overly keen on, so long as I do not have to. If things come to that, then so be it, but for now, it is not necessary. If these props can figure out a way to offer meta (or something reasonable without trailing DD), then I might reconsider my position. Certainly, the trailing draw-down sucks and I would argue that it is even abusive. The traders that are grabbing...
I trade futures for many years now but, honestly, these casinos are a good way learn it in terms of what a future is, what specs, how to trade it in a platform, etc.

It's like trading in a demo but you have a little skin in the game, which may be an attractive. Afterall $16 for a 50K account that can last for a month is not such an expensive entertainment/education.

And the advantage is that the technical knowledge you get is not wasted because all futures brokers work basically the same way and the market is centralized. So any day that you decide to open your own real futures account you won't have any difficult because it's all the same thing, just changing the platform.

The only negative point is really the trailing DD, which doesn't exist in a real account. But for the technical side of the game you can learn everything in a cheap way (and with luck you may even make some money while learning).
  • #31,494
  • Edited 4:49am Feb 23, 2024 4:34am | Edited 4:49am
Quoting Cryptosurf
{quote} Im on the 50k accounts so im mostly trading Micro NQ and sometimes Micro Dow. Anywhere from 4-8 contracts at a time, usually after 10am est, sometimes in the afternoon. Once i hit around $500-$800 im done for the day. I have 20 50k PA accounts but only trade 10 at any given time, alternate days, sessions etc.
of your 20 apex funded accounts, do you pay monthly fee or one time fee?
  • #31,495
  • Feb 23, 2024 4:39am Feb 23, 2024 4:39am
I bought Apex static account. 13.70$ . Profit is 3x bigger than loss but I don't need to deal with trailing drawdown
  • #31,496
  • Feb 23, 2024 4:48am Feb 23, 2024 4:48am
The thing about the drawdown at apex and the cap on the profits is that it controls a behavior.

Its not free, it doesnt feel free but if you are successful the money is decent at 7k a month on a 300k account.

If I consider that I only spend about EUR2000 a month and I bring 7000 per month just from Apex, providing I don't go heliskiing or get sick again which I am not likely to this year I can save like 3500 USD per month to put into slot machines and I don't have to think about 50 accounts.

The fact that money is less than my T bills though is disappointing. I am sure with success they loosen it up as well but 2% a month is nothing to bawk at.
  • #31,497
  • Feb 23, 2024 5:36am Feb 23, 2024 5:36am
Quoting Takisd
The thing about the drawdown at apex and the cap on the profits is that it controls a behavior. Its not free, it doesnt feel free but if you are successful the money is decent at 7k a month on a 300k account. If I consider that I only spend about EUR2000 a month and I bring 7000 per month just from Apex, providing I don't go heliskiing or get sick again which I am not likely to this year I can save like 3500 USD per month to put into slot machines and I don't have to think about 50 accounts. The fact that money is less than my T bills though is...
In fact you don't spend 2K per month because as soon as you are funded you only pay the lifetime fee (which is $340 or $360 for a 300K account) or a monthly fee of just $85.

The "trick" once funded is to go over the trailing DD and have a buffer. Then you can cash out as much as you will be able to passed the 3 months.
  • #31,498
  • Feb 23, 2024 5:41am Feb 23, 2024 5:41am
Quoting montygoldy
{quote} nope but if you can wait then keep an eye on their discord. They silently throw 40% promotion once a month for a day or so
Will do. Thank you.
  • #31,499
  • Feb 23, 2024 5:46am Feb 23, 2024 5:46am
Quoting Capablanca
{quote} In fact you don't spend 2K per month because as soon as you are funded you only pay the lifetime fee (which is $340 or $360 for a 300K account) or a monthly fee of just $85. The "trick" once funded is to go over the trailing DD and have a buffer. Then you can cash out as much as you will be able to passed the 3 months.
I Meant my living expenses
  • #31,500
  • Feb 23, 2024 5:48am Feb 23, 2024 5:48am
Quoting Capablanca
{quote} In fact you don't spend 2K per month because as soon as you are funded you only pay the lifetime fee (which is $340 or $360 for a 300K account) or a monthly fee of just $85. The "trick" once funded is to go over the trailing DD and have a buffer. Then you can cash out as much as you will be able to passed the 3 months.
how do you manage the trailing DD in your accounts??
I assume tight stop loss , not over leverage
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