20 x 150K APEX ROADMAP

[Sekiyo]

 

[Sekiyo]

 

[Sekiyo]

Winning is easy
Losing is the key

- John “Rambo” Moulton

Focus on the Now of Trading,
Detach yourself from money,
Focus on making good trades.

Don’t beat yourself up & Let it go.

 

[Sekiyo]

From Canadian Future Trader

• Be in control of every trade - don't get to a position where you are relying on hope
• Wait for specific set ups - no jumping in out of boredom
• Law of large numbers - I know my stats, play the long game. Taking a losing trade isn't a bad thing
• You are right, or you are right out
• Less trades, more wins (basically wait for premium set ups)
• Be a sniper, wait for the perfect set up and pick it off (same as above, wait for premium set ups)

Short Version of Money Management

• Pick a daily stop loss and I recommend setting it with your broker so you can't violate your own rule
• Pick a per-trade risk amount you are comfortable with, and tie this back to how many contracts you can trade comfortably
• Never, never, let a winning day become a losing day - once you are profitable, set a minimum amount of profit at which you will walk away for the day if you hit
• Example: You are up $500 for the day, if you fall to $200 profit you are done. It is still a winning day.
• Increase your size When you've made money to do so with. Up $1,000? Great trade 2 or 3 contracts instead of 1 if you want. But still maintain that minimum profit level where you are done for the day. Consider it your own self imposed trailing draw down.

 

[FTDK]

• Increase your size When you've made money to do so with. Up $1,000? Great trade 2 or 3 contracts instead of 1 if you want.

Good idea but I would only recommend that if you don't have a trailing draw down anymore, as long as you have the trailing draw down it's too risky to increase size since you not only risk profit you have made but also decrease the draw down left, that's why an end of day draw down is so much better, then you can scale and risk your made profit without impacting the draw down.

 

[Sekiyo]

Didn't trade well today.
Went short at the exact levels,
But I took a long by mistake, closed @ a small loss
And I should have enjoyed the ride Way Way Way more.

Been patient and Took care of myself.

At the beginning I was damn right but my PnL was shrinking.
I mean what the fucking fuck ? Yeah ... Mistakes.

Interesting metric is $ per contract.
Might keep track of it.

I mean even with Apex rules,
Today was a +1k easy money day

Not sure how far I can stretch the Consistency rule.
Anyone ?

I believe there is a 30% rule,
1 day can’t represent more than 30%
Of the withdrawal amount (2,500x0.3=750) ?

EDIT

That's 30% of the balance in the account

The balance is 150k (Hahahaha)
Guess they talk about Balance - 150k
If I want to withdraw when my equity is 155k
Then one day can't be greater than 5,000x0.3 or 1,500
Otherwise I have to grow the balance to shrink the daily % gain.

Example ... If I make 3,000 in one day,
Then I need a balance of 3,000x3.33 = 10,000 to enable a withdrawal.

Since I want to request withdrawals at my cushion (7,600)
Then I can push towards 2,800 in PnL per day.

 

[Sekiyo]

Have you considered the one time fee instead of 85$ fee every month?

Already replied here

150k PA Activation Account Lifetime Fee is $260
I have considered the option but I don't mind paying 85$ per month.
+ What if I pay the 260$ and then blow up on day #1 and fail to withdraw anything ?

No thank you.

I'll be more than happy to pay 85$ x 7 or 8
Because it means my account is going to be alive.

+ They need a reason to keep me in business xD
If they ain't earning anything from me ... Why wouldn't they cancel my account ?

I think it's best for them if traders pick this option.
Most traders don't make it to the 1st payout.

But I just wanted to add ...

I plan to trade 4months with 20 accounts,
The one time fee is 260 which is (260/85) 3months upfront.
Therefore the one time fee represents only a little 25% discount.

25% discount with the risk of blowing up on day 1 isn't enough for my taste.

 

[Sekiyo]

Blew up Finished. Done. Bye

 

[Overnight]

Blew up Finished. Done. Bye

Since you haven't provided any details, could you at least indicate to the audience here if you would have blown up in the real world?

I.E. What asstastic rule of theirs did you break?

 

[s trader]

So sorry you were doing awesome. You probably have the same weakness a lot of us have and that is you got whacked when you are most confident. Hope you try again use the 50k easier to collect.