Looking for assistance in going to the next level, for mutual benefit

Discussion in 'Hook Up' started by Astnfd, Aug 23, 2023.

  1. DevBru

    DevBru

    Auch, another reason to stay away from Apex then.
     
    #41     Aug 26, 2023
  2. whygodwhy

    whygodwhy

    I'm going to tell you right now that if you've only been doing well for 2-6 months no one is going to give you a dime. Wishful thinking. Trading OPM requires an audited track record. Maybe you'll find someone gullible enough to give you money without one. It's not impossible but highly improbable.

    The only option I could think of would be a current professional trader that can immediately recognize what's going on with your edge and if it has any merit. It would bypass the need for an audit because he/she can evaluate the performance him/herself. I can't point you to anyone I know because everyone I know wouldn't be interested.

    Maybe I'm interested. How much $ are you realistically looking for? Is this an investment? Would I get an equity stake? Is it a loan? What are the terms?

    I need to go to sleep. I'll check back in a few hours. Barely conscious at the moment.
     
    #42     Aug 26, 2023
  3. whygodwhy

    whygodwhy

    Also, ditch the damn micros. Trade e-minis. Your commissions must be fucking insane. On a notional:commission ratio you usually pay 3x more on micros than e-minis.

    If you want to trade micros when in a live account then look into Stage 5 Trading. They have a commission-free plan that allows you to trade micros with no cost per RT for a flat monthly membership fee:

    https://stage5trading.com/wp-content/uploads/2023/05/membership-pricing.pdf

    That would be less than $1/Rt, all in, per micro contract, including CME fees and commissions. That's 2 ticks on MNQ.
     
    #43     Aug 26, 2023
  4. DevBru

    DevBru

    Didn't knew stage5 had these plans, i wonder how they make money that way.
     
    #44     Aug 26, 2023
  5. Fonz

    Fonz

    Astnfd, if you can make money with a prop firm like Apex, and if I may, just trade your own account and get a live trading journal.
    Happy trades!
     
    #45     Aug 26, 2023
  6. I would label myself a periodically consistently profitable trader as I've had months of good results, but was not yet able to maintain my results at end of the year. Maybe one day I'll reach consistency, but in some ways I already gave up, although I keep plugging away.

    Okay. Good.

    Still, I'd say even progress can be an illusion, i.e., one think one is improving when one really is not. At the end of the day - your broker account will give you the answer if you're improving or not. It's that easy.

    I haven't really noticed, since I never asked. However, my view is that the vast majority of active posters are not making any money worth mentioning, so I'm fine with that and read most posts here lightly or skip them altogether.

    I've had people try to mentor or offer me guidance in my early years only to learn later that they were net losers and never made it trading themselves. ET generally is the blind leading the blind. Outside ET it's much the same. Yesterday I saw a trader author link to an article he wrote on technical trading, yet this very same author is also running a fund that's been losing money month after month since inception. I'm sure this is representative for 95 % of 'teachers' and authors.

    In trading, you're alone. Best to accept that, IMO. At least that's what I've done.

    If you want to be trading in a team, maybe see if you can get a job with a trading firm or consider another career.
     
    #46     Aug 26, 2023
  7. Astnfd

    Astnfd

    Replied to you same way in bold under your quotes, just expand the message. I'll follow up and send that pm as soon as I can. If don't want me to PM just let me know here and I won't (if I see it before I send the pm obviously).
     
    #47     Aug 26, 2023
  8. ph1l

    ph1l

    Can you explain how both of these statements (break-even trader looking to learn trading and leasing a seat) can be true?
     
    #48     Aug 26, 2023
  9. Astnfd

    Astnfd


    Don't really disagree with anything in this post. I'll just clarify that I already do have a career, but with my progression am not seeing a reason not to continue to play out trading as well(since my career allows flexible hours), particularly if the prop firm comes through(which yes is pretty unlikely, but will play it out regardless what choice do I have at this point being this deep in with so much profit locked up).

    Also to clarify I am trading as a team already. However, my partner did a lot of work in in the beginning educating me and supplying me with some useful tools for confluence, cutting down on the learning curve. I am doing a lot of the heavy lifting at this point and we structured it where I get the lions share of any profits. That's not to say he is isn't still helpful, he has a solid understanding of the markets and often times helps me improve my profit factor on certain trades. But yes sometimes particularly during the US open session things can move too fast for him to really be able to assist much. In the end it's like you said you have to be able to be on your A game for analysis, execution and discipline and can't rely on anyone but yourself ultimately.
     
    #49     Aug 26, 2023
    Laissez Faire likes this.
  10. whygodwhy

    whygodwhy

    Go back, read the entire thread, and then edit your reply.
     
    #50     Aug 26, 2023