let's compare: APEX: $167 per month for 2.5K drawdown, it is trailing drawdown;profit target 125%. Myforxfunds: $139 one time fee for 2.4 drawdown, it is fixed drawdonw; There is no time limit, you can trade until you reach profit target, which is about 108%. So for APEX if you pass challenge in 2 months you pay $334;If you pass in 3 months you pay $501, if you pass in 10 months you pay $1670. For myforexfunds you pass in 2 months, 3 months, 10 months you always pay $139.
But you are the one who said they offer nothing that you can't get yourself outside of prop, that isn't true because you can't get that kind of leverage at a regulated futures broker.
Who would ever stay at a firm like this after making a few thousand bucks? It makes much more sense to withdraw after something like 5 or 10K and deposit in your own trading account and go from there. Well, not using these firms and starting with your own account is always the better option, but anyway.
Took some trade on HG ... Made some then lost all buying volatility around edges of a consolidation Took some trade on NQ ... Made 500$ and I am going to call it a day.
Scalped NQ. Took some heat on the first & last trade. When I am being hit I can't help but average down. I do take small losses. Sometimes. But one day ... I'm going to take a HUGE m**f** loss “Old or Bold traders but not both” Who knows ? NQ could have gone to 158000 & never look back towards 15750. Actually we kept bearish on the 5min But it could have stood above 15775, easy. No lag with handling orders anymore But the DOM has still an issue It turns black for 1s ...
Never Go Full Kelly Trying to get information about Full Kelly and the Probability of Ruin. The article above is interesting but it doesn't seem to make the point (?!) Just look at this simulation. 60% Win and even Payoff is 20% Bet size. If we look @ the Minimum TTM (Trailing Twelve Months) IT IS ZERO ! Meaning we go bust by betting the Full Kelly Amount ! Over 9,999 iterations Now what if we bet half ? The minimum TTM is 0.31 or 70% DD Meaning we do not go bust by betting Half the Kelly Amount. Over 9,999 iterations Edit: Damn ... I forgot I had a Max DD figure in the synthetic summary. The take away could be ... Nothing beats a MonteCarlo in terms of setting parameters.
1 Step Forward. 3 Steps Backward. I could have stopped @ -500, -1000, Back to Breakeven but ... Finishing the day @ -1,831$ and 2,959$ Max DD Fck it. Fck it. Fck it. Fck it. Fck it. Fck it. Fck it.