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  • #41,581
  • Sep 1, 2024 7:50am Sep 1, 2024 7:50am
Quoting Capablanca
Read in twitter. I would like to know if this is true and if it will be paid. "This morning, @ApexTradeFund approved a payout of $1,926,240."
If I had that kind of money, I wouldn’t pay a trader. I’d just start my own brokerage.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,582
  • Sep 1, 2024 7:56am Sep 1, 2024 7:56am
Quoting RoelsMajor
{quote} If I had that kind of money, I wouldn’t pay a trader. I’d just start my own brokerage.
Monty has been making in all prop firms FX and Futures.

He has the right mind set for prop firms for the kind of business.
Intraday only.
  • #41,583
  • Sep 1, 2024 8:03am Sep 1, 2024 8:03am
Quoting labu
{quote} 24h and I personally wouldn't touch anything below 15 payouts on that list.
24h is very short for analysis or decisions. We should look at a larger time span, preferable 3 months , 1 month and last week.
  • #41,584
  • Sep 1, 2024 8:29am Sep 1, 2024 8:29am
Quoting Capablanca
{quote} Don't know what is the time period of that list but I would not look much into Ascedx because they had a lot of payouts delayed so they may be trying to clean a huge backlog.
They suspended accounts from my country just a day after I requested my first payout.
Lifted suspension after a couple of weeks, made me trade one more cycle before requesting payout again. Then took 3 weeks to say they didn't detect any malicious trading and asked me to trade another cycle before I can request a payout.
Overall, will be 10 weeks from funded to first payout, that is if they're not going to deny it based on some bullshit retrospectively applied rule. I'm just doing the bare minimum and hoping to get my money back from the first payout.
  • #41,585
  • Sep 1, 2024 9:34am Sep 1, 2024 9:34am
Quoting navk
{quote} Monty has been making in all prop firms FX and Futures. He has the right mind set for prop firms for the kind of business.
Uncle Monty is currently thriving, perhaps his profits have already exceeded 100k, but we can never know what sacrifices he made in the past in this trading world. Has the capital he lost also exceeded 100k all time? As long as he can make money, he should just keep going.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #41,586
  • Sep 1, 2024 10:21am Sep 1, 2024 10:21am
Try to see how much you can get in 3 months, Or just ask Pip, he's been with Darwinex for about 3 months already. 1/3 or 2/3 of 6% per month (safe risk) means 2% to 4% per month. By the third month, the cost reaches $100, so if you get just 50K, that means 2%, which equals $1000, and 15% of that is around $150. So, you're building a track record for free with no cost.

Now look at Trader #2 for August, ATWS, who is very skilled. In his second and a half or third month, he got $60K, and during August, he made around 9%. That means $5,400 in profit, and 15% of that equals about $810, minus the $100 cost, leaving $700. This month, he has a total of $375K. If he manages to get just 2%, that means $7,500, and 15% of that equals $1,125 in the fourth month. On average, around $500 per month.


I look at it month by month, August I made $100 (15% of 2.2% of 30K), September I have 60K and my score for September is 74+ to begin the month, so even assuming min of 30K again...I will be trading 90K from month 4 on.....
Assuming 2.5%, $337.50 per month - $43($5 more as I trade futures)......so $300 per month while building the track record........ after 8 months, we shall see what happens....quick math in your head is you earn $150 for every 1% on every 100K.
some optimistic hypotheticals (let's say 18 months in):
2% on a million $3K per month
2% on 10 mil $30K per month
Worst case, the AUM doesn't become what they say, I can still make a couple grand per month in addition to the futures props, personal account, etc
The great thing here is we are speaking of 2.5% per month, in the futures props I'm trying to make 10% per day.....$250 with a 2,500 DD....I have scaled some accounts down to $50 per day becuae I am copying them, but that's still 2% per day

Next question is for the intelligent among us ONLY.......which do you think is more sustainable and has less risk of blowing up?

This will go in both the Prop Firm hub and Darwinex as I have strategically tied them together.
  • #41,587
  • Sep 1, 2024 10:35am Sep 1, 2024 10:35am
Quoting pipmaster77
Try to see how much you can get in 3 months, Or just ask Pip, he's been with Darwinex for about 3 months already. 1/3 or 2/3 of 6% per month (safe risk) means 2% to 4% per month. By the third month, the cost reaches $100, so if you get just 50K, that means 2%, which equals $1000, and 15% of that is around $150. So, you're building a track record for free with no cost. Now look at Trader #2 for August, ATWS, who is very skilled. In his second and a half or third month, he got $60K, and during August, he made around 9%. That means $5,400 in profit,...
In trading business, whatever model it is... not sustainable.

Quick bucks possible.
Intraday only.
  • #41,588
  • Sep 1, 2024 10:42am Sep 1, 2024 10:42am
Quoting navk
{quote} In trading business, whatever model it is... not sustainable. Quick bucks possible.
So, wait a minute, you are in trading for quick bucks and do not think you can sustain even a small return over the long term?
You do realize if that is your goal......there are many, many easier ways of doing that without needing to develop a skill set that takes years to develop.
You've now reached an entirely new level.
Good news is, for me, I now have a complete understanding of what we have been going through for the past week+.......it all makes sense now. I was beating my head against the wall shouting "What doesn't this guy understand".....it's all clear now. Thanks.
  • #41,589
  • Sep 1, 2024 10:52am Sep 1, 2024 10:52am
Quoting pipmaster77
{quote} So, wait a minute, you are in trading for quick bucks and do not think you can sustain even a small return over the long term? You do realize if that is your goal......there are many, many easier ways of doing that without needing to develop a skill set that takes years to develop. You've now reached an entirely new level. Good news is, for me, I now have a complete understanding of what we have been going through for the past week+.......it all makes sense now. I was beating my head against the wall shouting "What doesn't this guy understand".....it's...
Simple question, could we sustain with MFF ?

We both were making profits with MFF.

So, trading / companies/firms not sustainable on a long term
Intraday only.
  • #41,590
  • Sep 1, 2024 10:56am Sep 1, 2024 10:56am
Quoting navk
{quote} Simple question, could we sustain with MFF ? We both were making profits with MFF. So, trading / companies/firms not sustainable on a long term
MFF was shut down by regulators.....has nothing to do with our ability/skills. We simply take our skills elsewhere. Thanks for validating my point though.....
The casino forex prop model is not sustainable.
Hence, why I started Darwinex.........I believe we have come full circle now. The entire week+ full of posts have come all the way back around........Holy shit! I just cannot, not worth this effort on a Sunday.
When I speak to you, I feel like you are in a completely different conversation.
  • #41,591
  • Edited 11:47am Sep 1, 2024 11:18am | Edited 11:47am
Quoting pipmaster77
{quote} MFF was shut down by regulators.....has nothing to do with our ability/skills. We simply take our skills elsewhere. Thanks for validating my point though..... The casino forex prop model is not sustainable. Hence, why I started Darwinex.........I believe we have come full circle now. The entire week+ full of posts have come all the way back around........Holy shit! I just cannot, not worth this effort on a Sunday. When I speak to you, I feel like you are in a completely different conversation.
So, the problem is sustainability of our ability + firm's ability to survive + Regulators .
Let us wait and see which firm and which kind of trader ( Conservative/ultra conservative/aggressive/medium aggressive ) will survive in 1 year time. And the costs involved + money made + time spent
Intraday only.
  • #41,592
  • Sep 1, 2024 11:57am Sep 1, 2024 11:57am
Quoting navk
Some seniors were abusing Tranny of late. He has put lots of effort to create ranking among prop firms. That list was used exhaustively by many. His efforts are worth mentioning to this exclusive prop firm thread.
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Pride always comes before destruction.... -Proverbs 16:18
  • #41,593
  • Sep 1, 2024 12:04pm Sep 1, 2024 12:04pm
Darwinex Zero Update

Got allocations for both of my accounts this morning. First account was purchased on August 1st, the second on August 5th. So yes, you can get an allocation in a month. Moral of the story. Start calibration phase in first week of month and shoot for that 75 rating by the end of the month. Otherwise you'll just end up paying for a second month before getting any allocation.

Account #1 only needs 0.78% increase to get the second allocation
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Account #2 only needs 1.75% increase to get the second allocation
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Pride always comes before destruction.... -Proverbs 16:18
  • #41,594
  • Sep 1, 2024 12:11pm Sep 1, 2024 12:11pm
Quoting Capablanca
{quote} 24h is very short for analysis or decisions. We should look at a larger time span, preferable 3 months , 1 month and last week.
Not when it comes to prop firms in the current state. Now its wild west and dog eats dog environment for the non futures prop firms and newbie futures prop firms. Get funded as quick one can get extract as quick as possible. So thus just few days is valid but one week would do too.
  • #41,595
  • Sep 1, 2024 2:00pm Sep 1, 2024 2:00pm
Quoting navk
{quote} In trading business, whatever model it is... not sustainable. Quick bucks possible.
Shouldn't props & darwinex be small change for you by now... didn't you have the money printing personal account high risk projection spread sheet all mapped out last year?
  • #41,596
  • Sep 1, 2024 2:02pm Sep 1, 2024 2:02pm
Quoting Stoneyrocks
@CableJ any update on traffic stats ?
I'll put it up end of next week after the data gets updated.
  • #41,597
  • Sep 1, 2024 2:06pm Sep 1, 2024 2:06pm
Quoting pipmaster77
This is how Darwin is designed to reward consistent, steady growth......haven't even started the month and I am just a hair under allocation for September. Congrats to all who are grasping this concept. {image}
I check their website but I don't understand much. The website doesn't list out clear condition, like how many months a trader need to be consistently profitable or how much allocation a trader can get according to what condition. Since you already subscribed to them, do you mind sharing? Thanks a lot.
  • #41,598
  • Sep 1, 2024 2:13pm Sep 1, 2024 2:13pm
Quoting CableJ
{quote} Shouldn't props & darwinex be small change for you by now... didn't you have the money printing personal account high risk projection spread sheet all mapped out last year?
There are categories, aggressive/ moderate aggressive/ conservative, ultra conservative.

So, my spread sheet is high risk ? You mean that way ?

you traded many prop firms i know. What is that category ? are you with those firms now or moved to ultra low risk category Darwinex
Intraday only.
  • #41,599
  • Sep 1, 2024 2:18pm Sep 1, 2024 2:18pm
Quoting Capablanca
Read in twitter. I would like to know if this is true and if it will be paid. "This morning, @ApexTradeFund approved a payout of $1,926,240."
just checked apex payout site , one had $1.86 mil (20x $93,312) payout. Incredible!!
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  • #41,600
  • Sep 1, 2024 2:20pm Sep 1, 2024 2:20pm
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2nd allocation has been added. 0.1% needed this month for 3rd allocation
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