Prop Firm Hub | Page 2175 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #43,481
  • Edited 8:01pm Oct 21, 2024 6:02pm | Edited 8:01pm
You guys have spoken good long time about APEX 3.0 rules.

1 ) 30 % consistency rule is clear. The best day in a 8 day cycle can not be more than 30 %. If it does... just contine to trade until it becomes 30 %

2 ) 8 days trading required and 5 days 50 $ required , each day minimum profit earning required in order to be eligible for payout.

3 ) Safety net required, for a 50k account, 2.5k. This is actually traling DD allowed for 50k allowed. And this rule already exists in Tradefy if any of you traded with them. Is this 2 step challenge as some one calls it ? No. It helps in Draw down level. for a 50k account, the drawdown breach is 2.5k.
4 ) You are not supposed to loose more than 30 % of profit earned.

Meaning, this is applicable after you earn minimum thershold of 2.5k. 30 % in 2.5k 750 $. Simple, do not loose 750 $ in a day.

Some one was saying is this applicable on 2 nd day of trading after 1 st day of profit 100 $. no.

5) Unlimited DCA is allowed.
Intraday only.
  • #43,482
  • Edited 7:28pm Oct 21, 2024 7:07pm | Edited 7:28pm
Quoting navk
Safety net required
-$500 can be withdrawn from the safety net. At 4th payout, the safety net is no longer required; this also applies to pre-existing accounts.

Quoting navk
Meaning, this is applicable after you earn minimum thershold of 2.5k.
-This is always applicable on PA, but the draw-down allowance is used as the profit value until the safety net is established.

Quoting navk
Simple, do not loose 750 $ in a day.
-Your open/unrealized P&L cannot drop below the -$750 at any given time, but you can still lose more than $750 in a day with a 50k account.

------

I am simply stating this to add clarification here, and to limit the spread of misinformation. Personally, I think that Apex could have handled this better.
  • #43,483
  • Oct 21, 2024 7:15pm Oct 21, 2024 7:15pm
Some trouble ahead...https://www.financemagnates.com/fore...rgeting-youth/
  • #43,484
  • Oct 21, 2024 7:25pm Oct 21, 2024 7:25pm
Quoting Cryptosurf
Yeah its extreme damage control now. The fall of CFD props + cheap offerings made them an easy target for gamers to game it.
-Yes. I suspect that they are also shifting gears in an effort to work with exchanges/regulators and to look better on paper. It almost seems as if they are scrambling to establish some favorable paper trail of evidence with all of the recent claims.
  • #43,485
  • Oct 21, 2024 7:40pm Oct 21, 2024 7:40pm
Quoting Nsak3y
{quote}-$500 can be withdrawn from the safety net. At 4th payout, the safety net is no longer required; this also applies to pre-existing accounts. {quote}-This is always applicable on PA, but the draw-down allowance is used as the profit value until the safety net is established. {quote}-Your open/unrealized P&L cannot drop below the -$750 at any given time, but you can still lose more than $750 in a day with a 50k account. ------ I am simply stating this to add clarification here, and to limit the spread of misinformation. Personally, I think...
I trade in Asia when risk is low.

I see that i earn 200 to 250 and then close my tradovate.

I shorted s & p 500, as early as 6 pm est. Done 255 $ closed all.

This is best way to manage risk.

After Asia, once this is done, I trade FXIFY.
Intraday only.
  • #43,486
  • Oct 21, 2024 7:44pm Oct 21, 2024 7:44pm
Quoting Nsak3y
{quote}-$500 can be withdrawn from the safety net. At 4th payout, the safety net is no longer required; this also applies to pre-existing accounts. {quote}-This is always applicable on PA, but the draw-down allowance is used as the profit value until the safety net is established. {quote}-Your open/unrealized P&L cannot drop below the -$750 at any given time, but you can still lose more than $750 in a day with a 50k account. ------ I am simply stating this to add clarification here, and to limit the spread of misinformation. Personally, I...
This is important note to me.
Intraday only.
  • #43,487
  • Edited 8:35pm Oct 21, 2024 8:08pm | Edited 8:35pm
Quoting TrAndy1
Some trouble ahead...https://www.financemagnates.com/fore...rgeting-youth/
From the article:

74% of these imbeciles trust other imbeciles. But of course they hate/distrust the "Boomers". They deserve to lose their money
Attached Image (click to enlarge)
Click to Enlarge Name: in.png Size: 12 KB


The average high school graduate in the US can't even name 3 state capitals and can't even find Europe on a map and yet they look to other idiots in their generation for financial advice. Priceless
Pride always comes before destruction.... -Proverbs 16:18
  • #43,488
  • Edited 9:21pm Oct 21, 2024 8:42pm | Edited 9:21pm
Quoting navk
You guys have spoken good long time about APEX 3.0 rules. 1 ) 30 % consistency rule is clear. The best day in a 8 day cycle can not be more than 30 %. If it does... just contine to trade until it becomes 30 % 2 ) 8 days trading required and 5 days 50 $ required , each day minimum profit earning required in order to be eligible for payout. 3 ) Safety net required, for a 50k account, 2.5k. This is actually traling DD allowed for 50k allowed. And this rule already exists in Tradefy if any of you traded with them. Is this 2 step challenge as some one...
I am not saying rules are bad. The point we are dicussing is Apex is no longer top 3 in my list. If we comparing it with tradeify kinda of firms then its already fallen below the expectation.... The actual comparison should be with topstep, mffu kinda firms which are in top 3. Their product offering with pricing is way better than Apex 3.0 in my opinion........ And way simpler rules. so no room for mistakes..

Also for tradeify 80bucks for EOD account and to get a payout reach safety threshold + 100$ and you can ask for 1500$ payout....

Now Apex always complaining about schemers and scammers... But why these schemers not able to do the same thing with topstep/mffu kinda firms thats a big question??? where offering is better and prices are cheap......
People need to understand before i used to advocate Apex coz no matter what they pay big money and its kinda achievable to get to 1 payout atleast. Now if someone says they give 20 accounts but people forgetting it requires 2500-3000$ min. capital to get that many accounts and it has become a bit harder to get a payout meaning higher chances if losing account(INTRA TRAILING or accidentally violating rule) or getting denied....

Apex is now bottom of my List ... TOpstep > mffu > takeprofittrader > apex/tradeify (EOD which is 80$ for 50k no activation fees)
Extreme gut feeling trader
  • #43,489
  • Oct 22, 2024 12:43am Oct 22, 2024 12:43am
The futures arena is a regulation ticking bomb.

TST is the oldest and, nevertheless, we see this in the funded agreement:

Attached Image (click to enlarge)
Click to Enlarge Name: TST.PNG Size: 76 KB


So, people do the Combine (which is their one step challenge) and they are granted with a XFA (Express Funded Account). As we see above this is a videogame (simulated), not a real thing.

Nothing new here, we all new that, but even being a simulated stuff, we can chose their platform TopstepX which says clearly that we're "paying" NFA + Clearing fees.

Attached Image (click to enlarge)
Click to Enlarge Name: TST1.PNG Size: 12 KB


Let's see how much time regulators tolerate someone saying they are "charging" regulatory fees without in fact the regulators get any of it.
  • #43,490
  • Oct 22, 2024 12:59am Oct 22, 2024 12:59am
Quoting Expo33
{quote} From the article: 74% of these imbeciles trust other imbeciles. But of course they hate/distrust the "Boomers". They deserve to lose their money {image} The average high school graduate in the US can't even name 3 state capitals and can't even find Europe on a map and yet they look to other idiots in their generation for financial advice. Priceless

I'm still to see the definition of "influencer" written in legal terms
  • #43,491
  • Oct 22, 2024 1:05am Oct 22, 2024 1:05am
Quoting Cryptosurf
{quote} Yeah its extreme damage control now. The fall of CFD props + cheap offerings made them an easy target for gamers to game it. Them feigning outrage over it is a bit over the top tbh. Now there's FTT playing the same card and imploding on a daily basis.
We thought that Angelo was unbeatable but the guy from FTT is a serious candidate. How can this be possible ? A CEO joking with a delayed payout to the audience.

https://x.com/propfirmeye/status/1848568994502176953
  • #43,492
  • Edited 1:42am Oct 22, 2024 1:19am | Edited 1:42am
Quoting Capablanca
{quote} We thought that Angelo was unbeatable but the guy from FTT is a serious candidate. How can this be possible ? A CEO joking with a delayed payout to the audience. https://x.com/propfirmeye/status/1848568994502176953
Told this from the beginning .. FTT is same as skilledfundedtrader.. giving huge false hopes... before going under... Their announcement section in discord one promise after another...
Its so expensive for my poor blood i dont understand how people can afford 20 accounts its more than 5k......
Extreme gut feeling trader
  • #43,493
  • Oct 22, 2024 1:41am Oct 22, 2024 1:41am
Some updates....

MFFU payout hit my bank.... As promised activated 5x50k topstep already passed accounts....

Purchased 7x50k EOD tradeify accounts (with discount 80$ a piece and no activation)

Road to payout

1. Topstep(FUNDED 50kx5) 300x5 - 1500$ (PLAN - thats my goal hit 300 a day thats it. This time for sure gonna get a payout. Aiming for 3k balance to withdraw 1500$ each account)
2. MFFU(FUNDED 50kx3) - Day 2 - 250$x3 - 750$ (Plan - same aim for 300$ a day and payout by friday for max 1200$x3)
3. Tradeify(EVALS 50kx7) - Day 1 - 1000$ each (Aiming to pass fast..)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-10-22 at 2.29.00 AM.png Size: 26 KB
Click to Enlarge Name: Screenshot 2024-10-22 at 2.26.16 AM.png Size: 98 KB
Click to Enlarge Name: Screenshot 2024-10-22 at 2.40.48 AM.png Size: 35 KB
Extreme gut feeling trader
  • #43,494
  • Oct 22, 2024 2:13am Oct 22, 2024 2:13am
Quoting montygoldy
Some updates.... MFFU payout hit my bank.... As promised activated 5x50k topstep already passed accounts.... Purchased 7x50k EOD tradeify accounts (with discount 80$ a piece and no activation) Road to payout 1. Topstep(FUNDED 50kx5) 300x5 - 1500$ (PLAN - thats my goal hit 300 a day thats it. This time for sure gonna get a payout. Aiming for 3k balance to withdraw 1500$ each account) 2. MFFU(FUNDED 50kx3) - Day 2 - 250$x3 - 750$ (Plan - same aim for 300$ a day and payout by friday for max 1200$x3) 3. Tradeify(EVALS 50kx7) - Day 1 - 1000$ each (Aiming...
I hope you finally crack that daunted TST!
  • #43,495
  • Oct 22, 2024 2:31am Oct 22, 2024 2:31am
Woke up this morning, took a trade, slipped 4 bucks on US30 at e8 during a quiet market. Something that hasn't happened before.
  • #43,496
  • Oct 22, 2024 3:14am Oct 22, 2024 3:14am
Quoting Takisd
Woke up this morning, took a trade, slipped 4 bucks on US30 at e8 during a quiet market. Something that hasn't happened before.
I don't know about indexes E8 and MFFx are slipping a lot in forex, even for 1 or 2 lots, in quiet times.
It's probably the way of getting rid of people traying to take advantage of feed, HFTs and max leverage guys.
  • #43,497
  • Oct 22, 2024 3:29am Oct 22, 2024 3:29am
Quoting montygoldy
Some updates.... MFFU payout hit my bank.... As promised activated 5x50k topstep already passed accounts.... Purchased 7x50k EOD tradeify accounts (with discount 80$ a piece and no activation) Road to payout 1. Topstep(FUNDED 50kx5) 300x5 - 1500$ (PLAN - thats my goal hit 300 a day thats it. This time for sure gonna get a payout. Aiming for 3k balance to withdraw 1500$ each account) 2. MFFU(FUNDED 50kx3) - Day 2 - 250$x3 - 750$ (Plan - same aim for 300$ a day and payout by friday for max 1200$x3) 3. Tradeify(EVALS 50kx7) - Day 1 - 1000$ each (Aiming...
Great works! While you are milking money, TrAndy1 is continuing to dispense his philosophies of prop firms and studying each and every small prints of the rules. Anyway, he does have some fervant followers.
  • #43,498
  • Oct 22, 2024 4:22am Oct 22, 2024 4:22am
I'm about to receive a payout in Fintokei. First one ever there. Let's see how it goes (I'll wait until payout date without trading to secure the refund and then it's a free ride).

Also received the refund of Funded Engineer and My Flash after dispute. In Flash I was doing a challenge when it was moved to Sway and DD was changed from static to trail. They refused the refund. That's why my portfolio of props includes a reckless section. On the worse scenario I just hit them with a dispute.
  • #43,499
  • Oct 22, 2024 5:09am Oct 22, 2024 5:09am
Quoting Capablanca
I'm about to receive a payout in Fintokei. First one ever there. Let's see how it goes (I'll wait until payout date without trading to secure the refund and then it's a free ride). Also received the refund of Funded Engineer and My Flash after dispute. In Flash I was doing a challenge when it was moved to Sway and DD was changed from static to trail. They refused the refund. That's why my portfolio of props includes a reckless section. On the worse scenario I just hit them with a dispute.
how is slippage in Fintokei and spread/commissions for Eur/Usd ?
  • #43,500
  • Oct 22, 2024 5:18am Oct 22, 2024 5:18am
I also submitted my payout request today for Quant Tekel on my $50k funded account where I have 3.2% profits made. Let's see how smooth the process is.
56 traders viewing now