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  • #34,061
  • Apr 3, 2024 3:44pm Apr 3, 2024 3:44pm
Quoting pipmaster77
{quote} 20% max flipping days??? I'm in a very narrow profit per day range so I'm sure it won't get me.......but I must've missed that one......what is the 20% max flipping days?
it means if you have traded 10 days (minimum). 8 day should be normal. 2 days you can open and close micro immediately
  • #34,062
  • Apr 3, 2024 3:48pm Apr 3, 2024 3:48pm
Quoting Capablanca
{quote} Out reckless king Expo33 is in risk of losing his throne Well done mate! Make sure you understand the consistency rules in funded account, namely the 30% in a single day, 20% max flipping days and the 10 minimum trading days.
whats 20% max flipping days?/?
Extreme gut feeling trader
  • #34,063
  • Apr 3, 2024 3:50pm Apr 3, 2024 3:50pm
Quoting pipmaster77
{quote} 20% max flipping days??? I'm in a very narrow profit per day range so I'm sure it won't get me.......but I must've missed that one......what is the 20% max flipping days?
What are the Consistency Rules for PA and Funded Accounts? – Apex Trader Funding (atf.com)

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Trade with confidence, trade without fear.
  • #34,064
  • Apr 3, 2024 3:50pm Apr 3, 2024 3:50pm
Quoting pipmaster77
{quote} I just passed a batch in two days...yesterday trading 4 minis on S&P (very high for me), my live I trade 3 micros for comparison purposes..... figured I'd give the yolo thing a try on a couple to break up the monotony, same thing found the range, rinsed and repeated 5 times....left me with $850 to pass today, 1 mini on the dow 3 separate times, same thing first trade wasn't until 11:50
kudos tomorrow i'll try 5 contracts longs on (4 evaluation i just purchased) dow probably may start from asian session...... Loving this 30$ challenges rather 800$ on forex 200k accounts....
Extreme gut feeling trader
  • #34,065
  • Apr 3, 2024 3:53pm Apr 3, 2024 3:53pm
Quoting Cryptosurf
{quote} What are the Consistency Rules for PA and Funded Accounts? – Apex Trader Funding (atf.com) {image}
thank you....
Extreme gut feeling trader
  • #34,066
  • Apr 3, 2024 3:57pm Apr 3, 2024 3:57pm
Quoting montygoldy
{quote} thank you....
The evals are pretty much zero rules so you can yolo all you want. PA's not so much. Good luck!
Trade with confidence, trade without fear.
  • #34,067
  • Apr 3, 2024 3:57pm Apr 3, 2024 3:57pm
Quoting sampat
{quote} it means if you have traded 10 days (minimum). 8 day should be normal. 2 days you can open and close micro immediately
ah, OK. Thanks. Won't be an issue.
  • #34,068
  • Apr 3, 2024 3:58pm Apr 3, 2024 3:58pm
Quoting montygoldy
{quote} kudos tomorrow i'll try 5 contracts longs on (4 evaluation i just purchased) dow probably may start from asian session...... Loving this 30$ challenges rather 800$ on forex 200k accounts....
Exactly, you don't pay the $85 or $140 until you pass, and then you trade normal.
  • #34,069
  • Apr 3, 2024 4:00pm Apr 3, 2024 4:00pm
Quoting Cryptosurf
{quote} What are the Consistency Rules for PA and Funded Accounts? – Apex Trader Funding (atf.com) {image}
Thanks. Must've missed that one. No worries though.
  • #34,070
  • Apr 3, 2024 4:00pm Apr 3, 2024 4:00pm
Forex Challenges Update

1. 200k funding traders phase 2 - .5% up
2. Ftmo 2 x 200k phase 1 - 7% up (TESTING MY PATIENCE 24 Days would have either failed/passed 10 times in that period)
3. e8 funding 200k LOST (BS slippage it slipped .5% more from stop loss to hit my daily drawdown).
4. Apha Capital phase 200k phase 2 - down -2.5% (so unlucky i wa up 9.5% before gold had other things in mind and reversed hard)
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Extreme gut feeling trader
  • #34,071
  • Edited Apr 4, 2024 12:53am Apr 3, 2024 4:54pm | Edited Apr 4, 2024 12:53am
Quoting Capablanca
{quote} Is this something you can reply here Artcool ? https://www.forexfactory.com/thread/...9#post14787709
The payout will be denied. The total profit is just $2000 ( net profit). So the biggest day ($2000) is 100% of total profits. It should not be greater than 30%.
Don't give up on your dreams. Keep sleeping.
  • #34,072
  • Apr 4, 2024 12:52am Apr 4, 2024 12:52am
Quoting PropDude1234
Traditional risk-management doesn't really apply to the prop model given the lack of upfront capital, leverage used and way the 'traders' trade.
That's why the statistics from FCA or ESMA about CFD traders losing in normal brokers should be disregarded by us.

This area is like if someone if offering me a 10K broker account charging me, let's say, 2K. How is not that a bargain ?
(2K is an example, it could be more or less depends on frequency that one passes evaluations).

So, no one should come here talking about CFDs winning rates because that's irrelevant because even a losing CFD trader can win money in props, for the simple reason that we're not paying 1 USD for each 1 USD DD in a funded account.

Giving another example is like if we have a slot machine with a +100% payout %.
  • #34,073
  • Apr 4, 2024 12:56am Apr 4, 2024 12:56am
Quoting pipmaster77
{quote} 20% max flipping days??? I'm in a very narrow profit per day range so I'm sure it won't get me.......but I must've missed that one......what is the 20% max flipping days?
I think flipping day is not defined in their T&C or FAQs but as far as I understand is a day where you just buy 1 micro and close it immediately, just to count another day. No more than 20% of those. That's just in funded accounts, not in the evaluation.

montygoldy forgot to mention but together with the consistency rules in funded account, make sure to see the cap they have for withdraws in the initial 3 months.
  • #34,074
  • Apr 4, 2024 1:04am Apr 4, 2024 1:04am
Quoting PropDude1234
{quote}Well the large ESMA review which went on in 2027 (?) to limit retail leverage and offer further protections (evil governments and regulators!) looked at millions of trades and essentially came to the conclusion that everyone lost money and all leverage did was increase the rate in which that occurred. CFDs were designed to be sophisticated investment products but ended up being marketed to and used used by people who were essentially gamblers who had no idea of the risks.
Maybe they should regulate how many cigarettes you can smoke or how many shots of Tequila you can take. Afterall, people who chain smoke and get wasted drunk probably don't know about the health risks and need the government to protect themselves from their own ignorance, stupidity, and lack of discipline.
Pride always comes before destruction.... -Proverbs 16:18
  • #34,075
  • Apr 4, 2024 1:10am Apr 4, 2024 1:10am
Quoting Capablanca
{quote} Out reckless king Expo33 is in risk of losing his throne Well done mate! Make sure you understand the consistency rules in funded account, namely the 30% in a single day, 20% max flipping days and the 10 minimum trading days.
Nobody, and I mean NOBODY can outdo the YOLO king.
Pride always comes before destruction.... -Proverbs 16:18
  • #34,076
  • Apr 4, 2024 2:35am Apr 4, 2024 2:35am
Quoting Expo33
{quote} Nobody, and I mean NOBODY can outdo the YOLO king.
  • #34,077
  • Apr 4, 2024 6:12am Apr 4, 2024 6:12am
Quoting Expo33
{quote} Maybe they should regulate how many cigarettes you can smoke or how many shots of Tequila you can take. Afterall, people who chain smoke and get wasted drunk probably don't know about the health risks and need the government to protect themselves from their own ignorance, stupidity, and lack of discipline.
Yes. or to use a parallel category......the lottery, casinos, hell, I'm sure plenty of old ladies lose more than they should at bingo.
  • #34,078
  • Apr 4, 2024 6:13am Apr 4, 2024 6:13am
Quoting Capablanca
{quote} I think flipping day is not defined in their T&C or FAQs but as far as I understand is a day where you just buy 1 micro and close it immediately, just to count another day. No more than 20% of those. That's just in funded accounts, not in the evaluation. montygoldy forgot to mention but together with the consistency rules in funded account, make sure to see the cap they have for withdraws in the initial 3 months.
Yes, I'm aware of the 3 month cap on withdrawals, just missed the 20% thing for some reason. Thanks for bringing it up.
  • #34,079
  • Apr 4, 2024 6:47am Apr 4, 2024 6:47am
Quoting Capablanca
{quote} I think flipping day is not defined in their T&C or FAQs but as far as I understand is a day where you just buy 1 micro and close it immediately, just to count another day. No more than 20% of those. That's just in funded accounts, not in the evaluation. montygoldy forgot to mention but together with the consistency rules in funded account, make sure to see the cap they have for withdraws in the initial 3 months.
It is in their faq's as posted here: https://www.forexfactory.com/thread/...8#post14818088
Trade with confidence, trade without fear.
  • #34,080
  • Apr 4, 2024 7:25am Apr 4, 2024 7:25am
ok so I received my first payot from Swift funding today. They delayed some crypto payouts, so my payout was send day later, looks like if anyone expect payout choose rise instead. The good part is dd is balance based and after requesting withdrawal balance it's adjusted almost immediately so you can continue trading. I am expecting next payout next week will post update.
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