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

[DevBru]

I answered this in the post I just made above. More liberal on the drawdown and it's static(which I know is huge), but same thing they reserve the right to close the account at any point and there's A LOT of rules regarding when and how you can trade. Even down to the ATR movement and etc.

Auch, another reason to stay away from Apex then.

 

[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.

 

[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.

 

[DevBru]

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.

Didn't knew stage5 had these plans, i wonder how they make money that way.

 

[Fonz]

Auch, another reason to stay away from Apex then.

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!

 

[Laissez Faire]

Just by your comments alone I can tell you're likely closer to being profitable than most other people. You seem to get the game and understand the pitfalls that derail most traders, while also truly comprehending how difficult day trading is. I mean everyone says it's difficult, but they are generally just mindlessly repeating others without real comprehension. What you said is very important bringing your A game every single day.

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.

The only thing I am not on board with is your first comment. I don't "believe" I have edge, am going off the progress I've made and the improvement of my results over time. Yes, that is the language I used, you have me there on a technicality if you want to, but I am letting you know that was not my intended meaning.

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.

Also, your statement regarding fooling is exactly why I would, will and do demand anyone trying to sell me anything, trade with me or anything at all having to do seriously with trading to be able to real time trade with me. Ever noticed how if you bring that up people run in fear? They have all types of excuses. Even saying they don't have time, yet some people here have thousands of post, they certainly have time for that. That's one thing that blows my mind. Everyone seems so negative and they doubt everything and try to tell you information, but no one can perform in real time? That's like me telling you I can shoot free throws really well and I want to help you and give you information Than you ask me do you mind shooting a few free throws in front of me? Oh no I can't do that but here's tons of posts and responses for you all my great knowledge. Also, let me throw in a video of me hitting ten free throws in a row from a year ago Is that not amazing to you?

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.

 

[Astnfd]

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.

In general I agree and that is a fair logical conclusion, no complaints here. However, I have traded in front of some people recently and there is some interest. Have further meetings next week with those same people to see if we can come to a mutual agreement. Of course there is no guarantee they are going to move forward. The point is I am not interested in working with multiple people and I want to find the best fit. That's why I decided to also post here.

I Want to actually build something here and want to work with someone who understands that and can get the bigger vision. These other people mentioned are not profitable traders and potentially only want to pay me to teach them, which honestly isn't really worth it. Tried explaining to them even after teaching them everything I know you cannot replace understanding market dynamics and decision making. So, it's possible they are just stringing me a long with a carrot, in order to get more information for free or convince me to teach them. Obviously in the end that doesn't truly matter(them being profitable) if I get what I need, it's still easier to work with someone who knows how things work.

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.

Yes, I also agree and already understood this is pretty much the only angle. This is exactly why a lot of my post focus on the real time trading because that's what separates me from others, as it's something most people can't or aren't willing to do(I believe large majority cannot, even ones that are profitable personally) but I am sure there's some who just don't want to far enough . Clearly as mentioned there's a lack any type of long term results, to compound that the results are on LIVESIM prop firm account which as we know people do not view in a favorable light.

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'll send you a pm with my general thoughts on structure and see if we can at least agree upon that. If you want to genuinely pursue you can reply. Otherwise if not, no reply needed. Appreciate your time so far.

I need to go to sleep. I'll check back in a few hours. Barely conscious at the moment.

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).

 

[ph1l]

They offer pro development courses which are supposed to hold you by the hand and basically teach you how to trade from the ground up. The goal is consistent profitability and then move you into one of the funding combines, get funded, and then regular payouts. It's about $2k for lifetime access. Been at this a year with limited success. Breakeven futures trader. I don't trust online reviews and was curious if anyone has any experience with this?

I lease a seat and pay less than $1 a turn on pretty much everything: CME, NFA fees, broker fees, everything included.

Can you explain how both of these statements (break-even trader looking to learn trading and leasing a seat) can be true?

 

[Astnfd]

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.

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.

 

[whygodwhy]

Can you explain how both of these statements (break-even trader looking to learn trading and leasing a seat) can be true?

Go back, read the entire thread, and then edit your reply.