Prop Firm Hub

Quoting Capablanca

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{quote} Depends how they define it. If they interpret it by the book, which these props may do, then any buy at 5000 and another at 4999.75 is already a violation. I do that tons of times in fx to get better fills. Instead of buying 5 lots I buy 3+2 with minutes of difference. Sometimes the 2 lots are bought slightly lower than the 3 (so the 3 was losing), which is not a big deal for a positions that will be there for hours or days. {quote} Not really a surprise. They ar probably being hit hard by all the videogamers coming to futures.

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Quoting Nsak3y

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{quote}-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 or something, then that would be more reasonable.

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Quoting Cryptosurf

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Adding to losing position isn’t a formula for success, no matter how you look at it. What it means is you’re stuck in a bias that’s clearly going against you.

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Quoting Cryptosurf

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{quote} Adding to losing position isn’t a formula for success, no matter how you look at it. What it means is you’re stuck in a bias that’s clearly going against you.

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Quoting Cryptosurf

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{quote} The FX yolo migrants have become dreadful to deal with. I saw tons of them screaming about losing accounts on CPI news. Some people never learn and never will.

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Quoting Cryptosurf

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{quote} Adding to losing position isn’t a formula for success, no matter how you look at it. What it means is you’re stuck in a bias that’s clearly going against you.

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Quoting sampat

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{quote} News trading doesn't work with trailing DD especially with larger lot size. Any pull back will kill account as trailing doesn't stop on evals

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Quoting Boulder

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{quote} I don't know about DCA rules before, i thought its something new, last week NQ was great for average down due to choppy price action, I did using micro lots, I hope I still get paid when it's time for payouts..

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Quoting Cryptosurf

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{quote} Those rules were always in the PA agreement so it’s nothing new. All the migrant FX yolo gamblers are getting reigned in.

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Quoting JustPipMe

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{quote} The rules have always been like this, but now they’ll be enforced. No big deal for non-yolo traders. As I trade in Tradovate, which doesn’t have bracket orders for group trades, I’ll just manually place SL and TP from now on.

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Quoting Cryptosurf

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{quote} Yeah that’s how you have to do it with Tradovate on the DOM. For existing funded traders there’s no change, all the new yolo gamers are going to be affected.

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Quoting sampat

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{quote} News trading doesn't work with trailing DD especially with larger lot size. Any pull back will kill account as trailing doesn't stop on evals

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Quoting Cryptosurf

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{quote} Adding to losing position isn’t a formula for success, no matter how you look at it. What it means is you’re stuck in a bias that’s clearly going against you.

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Quoting Boulder

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{quote} Do you know about Apex new rules- DCA.. dollar Cost Averaging.. they prohibit average down.. not sure how many entries are considerred violation .. {image}

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Quoting fx_rookie

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with this strategy and the leverage which prop gives you can pull out money for some time, that's why they are prohibiting it.

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Quoting TheDoug

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{quote} in other words, gamblers will get kicked out, traders who know how to trade have nothing to worry about

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