20 x 150K APEX ROADMAP

[wmwmw]

Bollocks? Math isn't your strongest point i guess?

The $50K account costs $167 per month without any discounts and allows you to trade 10 contracts and gets you $2,5K draw down.

Please show me a broker that allows 10 contracts with an account of that size or that draw down for $167 . Not to mention the discounts they regularly run so you can get is for $33 or even less.

Not that it is recommended to trade anywhere near that size with a small account or small draw down, just pointing out that your comment is bollocks .

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.

 

[p0box4]

Apples and oranges. Apex isn't a futures broker.

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.

 

[p0box4]

Yes, but a few of these firms, for example Earn2Trade and Topstep, actually put you on a live account when you're funded.

Effectively, what this means is that if Sekiyo earns $410K and withdraws that from E2T or Topstep - he's withdrawing profits he earned in the market in a real account + E2T gets a haircut. There's zero loss for E2T/TST.

If Sekiyo earns $410K from Apex, that's 100 % simulator dollars and a net loss of $410K minus the "profit split" for Apex.

Why do business with a firm that loses when you win?

I can say with 100 % confidence that I'm sure Apex would declare bankruptcy and start another scam operation with another name before they'd pay out any substantial money.



Well, each to their own. I can never understand why having my money or "simulator dollars" locked up anywhere should be desirable. I'd like to withdraw what's mine when I want to.

The only logical explanation of this rule is that a 3 month lock-up period increases the chance that the trader blows up by then or can be caught breaking a rule (maybe his connection went down while in a trade, *cough cough*) so that his account can be eliminated.

It does seem suspicious that you're going so out of your way to defend this operation.

Anyway, I wish Sekiyo good luck on his quest.

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.

 

[Sekiyo]

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.

 

[Sekiyo]

 

[Sekiyo]

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 ...

 

[Sekiyo]

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.

 

[Sekiyo]

UGLY FILLS

Planned to trade CL inventories @ 10.30 ct but I'll the mow lawn

 

[Sekiyo]

Trying to build a habit tracker
I will try to improve it over time.

Today's Grade 39%

 

[Sekiyo]

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.