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Justin's Playground

  • #3,481
  • Oct 4, 2024 4:10am Oct 4, 2024 4:10am
Actually all prop firm business models are I think SCAM. Sooner or later SEC gets involved and bans this business I guess....

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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,482
  • Edited 6:20am Oct 4, 2024 4:16am | Edited 6:20am
Quoting heispark
{quote} Another one... Red flag to Apex.... https://youtu.be/K9PaFrF-X8k?si=6KwQRzPUN4Rxympg
It's even getting worse. It's no longer rumors. Apex is now actually denying paying out to a lot of consistently profitable traders.

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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,483
  • Edited 6:21am Oct 4, 2024 4:33am | Edited 6:21am
Quoting heispark
{quote} Current progress.... So far so good...... I am a slow runner. {image}
That first attempt was failure. One bad trade hit tradiling stop loss and I blew my account. The following picture is my second attempt. I think perhaps I can pass this evaluation before next billing cycle but I am quickly losing interest of prop firm funding. I hate all the complexity of rules and payouts they put on. I want simplicity and freedom of trading. And it's obvious they don't like consistently profitable traders as their clients. I guess I may not even complete this challenge and going back to trade using my own fund again.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,484
  • Oct 5, 2024 6:35am Oct 5, 2024 6:35am
Prop firm vs. Own funds

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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,485
  • Oct 6, 2024 11:04am Oct 6, 2024 11:04am
Quoting heispark
{quote} It's even getting worse. It's no longer rumors. Apex is now actually denying paying out to a lot of consistently profitable traders. https://youtu.be/k0_usx-wo7U?si=CgbV6ooDEJFzhAFh https://youtu.be/2A9Lbc8g69M?si=ug-6fZFZo5-diP8w https://youtu.be/II9__oOLpAM?si=3BAasfdqPKHBzH3w https://youtu.be/SMUmtYoq_D4?si=9zIGN7ta_TLZpN7e
I agree....
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https://www.elitetrader.com/et/threa...ayouts.381272/
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,486
  • Edited 11:00pm Oct 14, 2024 10:47pm | Edited 11:00pm
Apex is changing into a positive way (we hope) ..... Let's wait and see....

https://support.atf.com/hc/en-us/art...x-Updates-2024

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By the way, I have $73 dollars left before passing the EVAL. I will be passed within this week before my next billing cycle (passing in a month).
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,487
  • Oct 14, 2024 10:56pm Oct 14, 2024 10:56pm
Currently, I have Dec24-Jan25 Buy, May25-June25 Sell and July25-Aug25 Sell spread positions. Since I changed my broker from AMP to Advantage, my funds has been increased by 33%. When I make money from prop firm's accounts, I will put this into my spread trading account. I don't doubt I will become a multi-millionaire in 20 years. My son will learn trading from me and he will live enjoying financial freedom.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,488
  • Edited 6:08pm Oct 16, 2024 5:44pm | Edited 6:08pm
Eval passed.

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I will purchase 4 or 9 more Eval accounts if Apex comes up with decent updates as they said.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,489
  • Edited 2:47am Oct 21, 2024 2:16am | Edited 2:47am
Apex finally has released new updates on their rules and payout policies:
https://support.atf.com/hc/en-us/art...x-Updates-2024

I have purchased 9 more Eval accounts right before. Make or break, it will be fun! It's a show time .....
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And they're all tied to my PA account for copy trading using MotiveWave.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,490
  • Oct 31, 2024 10:29am Oct 31, 2024 10:29am
Matt is losing his edge. When you watch his daily live streaming, you know he is suffering from a long losing streak. This is what happens when your edge stops working. Day trading is such a crazy thing.....

https://www.youtube.com/@TradesByMattRecaps

(His recap videos hide some losing days. Watch his live streaming.)
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,491
  • Edited Nov 8, 2024 6:23pm Nov 7, 2024 10:22pm | Edited Nov 8, 2024 6:23pm
FAST TRACK TRADING SHUT DOWN!!!!!

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So funny.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,492
  • Edited 3:36am Nov 8, 2024 3:22am | Edited 3:36am
Quoting heispark
Apex finally has released new updates on their rules and payout policies: https://support.atf.com/hc/en-us/art...x-Updates-2024 I have purchased 9 more Eval accounts right before. Make or break, it will be fun! It's a show time ..... {image} And they're all tied to my PA account for copy trading using MotiveWave. {image}
By the way, I've blown off my one PA account + 9 Eval accounts early this week. I was greedy and allowed more DD. Initial max DD of $750 is a bit too tight to my strategy I guess. They don't support mini or micro size of Nat Gas either. I may try again with $150K Eval account to allow more initial DD but considering what happened to Fast Track Trading, I am skeptical to Pro firms business in general. I won't be surprised if Apex goes next. I am going back to my spread trading. My account is just slowly but consistently growing for years. Why should I complain? Manual day trading is very much time and energy consuming. I don't enjoy it surely.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,493
  • Nov 9, 2024 9:06pm Nov 9, 2024 9:06pm
Quoting heispark
Positive Volume Index (PVI) The positive volume index (PVI) is an indicator used in technical analysis that provides signals for price changes based on positive increases in trading volume. A PVI can be calculated for popular market indexes. It can also be used to analyze movements in individual securities. It helps in assessing trend strength and potentially confirming price reversals. {file}{file} https://www.investopedia.com/terms/p/pvi.asp
Quoting heispark
Lekkim's PVI strategy is excellent I think. Before he blew up his second demo account, his account reached a whopping 4,500% gain. That's a phenomenal performance and that cannot be just a luck. Perhaps if you can avoid ruining your account by cutting pending losses timely manner, I think it can become a robust strategy. Obviously, you should not play a martingale. Also, how about applying this strategy to other systems such as Davit pivot strategy? Its potential is wide open.
This is my hobby project currently I am involved with. My PVI strategy was reignited by Lekkim's thread. Unfortunately, Lekkim was disappointed by his demo result and went back to his cave. However, in my opinion this is very much promising. The key is how to kill losing trades without blowing off your account. Obviously, martingale style approach should be avoided. It may not suitable for day trading. Instead, I prefer swing trading for this strategy. To be honest, I attempted to use this strategy for Apex evaluation. Although I passed Eval once then blew off, if I can reduce DD (or increase daily loss limit of prop firm accounts) and kill losing trades properly, this can be promising strategy. It's an interesting hobby and I will post my findings later again once I find some free time.

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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,494
  • Nov 17, 2024 4:18am Nov 17, 2024 4:18am
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Apex is just hopeless..........
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,495
  • Nov 21, 2024 9:12am Nov 21, 2024 9:12am
Dec24-Jan25 spread. I made some money as usual.

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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,496
  • Nov 21, 2024 9:15am Nov 21, 2024 9:15am
You only need to read fxempire.com nat gas analysis from the following 3 people:

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For fundamentals, James is good. For technicals, Bruce is good. For casual readings, Chris is good. I tried to read all sort of analysis and news from various sources but it didn't directly help making money.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,497
  • Edited 9:07am Nov 22, 2024 7:57am | Edited 9:07am
Quoting heispark
Dec24-Jan25 spread. I made some money as usual. {image}
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The power of seasonality !!!
Holding positions late close to expiration (26th for Dec contract) is always not very good idea but huge moves very often happen during this short period. Yes, it can be risky as they can dump expiring contract and roll over to next month. I took profit too early in hind sight. Faith and gut needed to me......

Now I am holding May-June and July-Aug spread contracts. They will also bring me a decent profit until next summer.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,498
  • Edited 9:06am Nov 22, 2024 8:43am | Edited 9:06am
If you are interested in funded accounts you should watch this video! Don't waste your time and money with prop firm craps like me.

The Man Behind 157 Prop Firms Exposes Why Traders Fail - Justin D. Hertzberg
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,499
  • Nov 22, 2024 8:44pm Nov 22, 2024 8:44pm
Topstep changes rules. Prop firms change their rules ALL THE TIME !!
Only dumbs want to play with those jokers. Forget about prop firms and funded account dream.
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  • #3,500
  • Nov 23, 2024 9:59am Nov 23, 2024 9:59am
Detrended Price Oscillator (DPO)

I like this indicator as well...
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https://forex-station.com/post129549...ml#p1295491415

By the way, I am back to MT4. Quantower didn't meet my demand quite well. More specifically, longer period indicators didn't render properly on 1H and higher time frames due to the limitation of Futures charting. Perhaps I am already too much addicted to MT4.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
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