Good luck! I had a thought of making a journal using bucket shop prop firm account without sharing details of the trading strategy. Considered apex/ts/mff but apex was the best due to no lot scaling, only max lot. With the recent fiasco of apex, I put the thought on halt.
Apex reputation is shady but why not try it for yourself especially since it’s possible to get an account for almost nothing when there’s a big discount. However I would consider the money lost. Another deal breaker is the intraday trailing drawdown based on unrealized gains. You are allowed to trade multiple contracts from the beginning on most combines. At least 2 or more depending on the account size. Otherwise you might be able to trade 10 micros for each mini contract. But you need to check it out.
Thank you. Got funded once but didn’t make it to the withdrawal. Hope this time is going to be different.
I’ll begin next week, around Wednesday. I’ll focus on trading the ES as I can only risk 25pts (500$) on NQ with 1 contract which is fine but I prefer to be able to risk 10pts on ES, which is better to start with, and have the luxury to add another contract. I’ve considered micro contracts but 10ES points should be more than enough for my style. Might have traded 5 to 10 MNQ but … I better focus on the king and take money away from Padu. Sim money of course.
“If you're committed to being a professional gambler and you want to be the best you can be, you spend every waking moment trying to figure out a way to beat the game.” Gambling Wizards: Conversations with the World’s Greatest Gamblers
Fingers crossed for you, here. (For myself, I’d probably prefer the $50k Combine with $2,000 DD to the $150k with $4,500 DD, but I do also see there may be significant commission advantages to trading a full lot rather than micros, and you wouldn’t want to do that on a $50k Combine). Wishing you very well, and good luck with this!
You’re right ! The 50K gives you access to 41$ for every dollar spent, while the 150k give you access to 30$. + the 50k requires 150% (3,000/2,000) return to validate the combine, while the 100k and 150k requires 200% (9,000/4,500) return. The 50K is a better deal with a 1,000$ daily loss … trading 1ES is possible but each point would represents 2.5% of the max loss limit, or 5% of the daily loss limit. You know what ? I’ll maybe buy 2x50k (4,000$) for 98$ vs 1x150k (4,500$) for 149$. Or even 3x50k (6,000$) for 147$ ?! xD If I risk max 10pts per day (500$) it gives me 4 consecutive day (500x4 or 2,000) until blowup. Gotta think about it EDIT The Activation Fee is a one-time, flat fee of $149 once you pass the Trading Combine and begin an Express Funded Account It costs 447$ to activate 3x50k vs 149$ for 1x150k. Not willing to pay 447$. Guess I’ll stick with the 150k. If we take into account the activation fees and no rebill assumption: - The 50k costs 198$ (49+149) - The 150k costs 298$ (149+149)
The 50k gives access to 10$ for every dollar spent, while the 150k gives access to 15$. The 50K is a little bit easier to pass (150% vs 200% required return) but value wise the 150K is better (Based on my assumptions). Value = (benefit/cost) / difficulty Difficulty = (profit target + max loss limit) / max loss limit Benefit = Maximum loss limit Cost = 1Cost + Activation fees (149$) With a 2nd rebill (2Cost + 149)