For what it is worth, I got an email from Merritt Black saying that he is no longer w/ SMB, and is opening his own firm. The rules are even harder to accomplish. Firm called Apteros. SMB still has a futures tryout available it seems though....
SMB Futures Tryout
- Thread starter PromisingTrader
- Start date
Well yeah, he is asking that you make 10k on the tryout instead of 5, so that's probably true.
I heard the payout was 70% now compared to SMB’s limp 50%
It is, but for that matter, the other hamster wheels pay 80 for a lower target.....so there is that I suppose.
I am going to go out on a limb and say this fails.
It should also be noted that a lot of the real prop shops pay a lot less, something like 20. However, they also don't charge the fees either.
really it’s a function of
Daily loss limit
Max loss limit
Whether they use a fixed max drawdown Which is more like a real account or a “trailing max drawdown” which in my opinion is complete BS
and of course payout
example-
which do you think is the better choice for making more money?
1) an account with a $25,000 daily loss limit and a $100,000 max fixed drawdown and a payout of only 20% to the trader
or
2) an account with a $1,500 daily loss limit, a $4,000 max fixed drawdown and a 70% payout to the trader
or
3) an account with a $2,200 daily loss limit, a $3,500 trailing max drawdown (trailing Max drawdown is counted against either your unrealized or realized pnl high [whichever is less in your favor] And an 80% payout to trader
Daily loss limit
Max loss limit
Whether they use a fixed max drawdown Which is more like a real account or a “trailing max drawdown” which in my opinion is complete BS
and of course payout
example-
which do you think is the better choice for making more money?
1) an account with a $25,000 daily loss limit and a $100,000 max fixed drawdown and a payout of only 20% to the trader
or
2) an account with a $1,500 daily loss limit, a $4,000 max fixed drawdown and a 70% payout to the trader
or
3) an account with a $2,200 daily loss limit, a $3,500 trailing max drawdown (trailing Max drawdown is counted against either your unrealized or realized pnl high [whichever is less in your favor] And an 80% payout to trader