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  • #31,461
  • Feb 22, 2024 4:22pm Feb 22, 2024 4:22pm
Quoting Cryptosurf
{quote} Wait till he finds out the most he'll be able to draw is $3500 every two weeks for the first three months. vs the 20 account 50k ballers who'll be drawing $40,000 every two weeks for the first three months
Yeah, taki not going to like that.
  • #31,462
  • Feb 22, 2024 4:22pm Feb 22, 2024 4:22pm
Quoting DeltaCapital
Guys in Apex we cant leave open orders during weekends? is there a restriction?
Weekends? You can't even leave them overnight!!!!
  • #31,463
  • Feb 22, 2024 4:25pm Feb 22, 2024 4:25pm
Quoting CableJ
{quote} How are you approaching the eval & live from a risk per trade stand point?
Im on the 50k accounts so im mostly trading Micro NQ and sometimes Micro Dow. Anywhere from 4-8 contracts at a time, usually after 10am est, sometimes in the afternoon. Once i hit around $500-$800 im done for the day. I have 20 50k PA accounts but only trade 10 at any given time, alternate days, sessions etc.
Trade with confidence, trade without fear.
  • #31,464
  • Feb 22, 2024 4:27pm Feb 22, 2024 4:27pm
Quoting Boulder
{quote} can you explain this payout more ... I just bought 2x$150k accounts.. only $31 each, so I plan to get 20 accounts total... Do you group your accounts together and copy trades between your accounts??
I use tradovate with its built in group copy function. I don't trade all of them at once. Have them split up into 10 accounts each
Trade with confidence, trade without fear.
  • #31,465
  • Feb 22, 2024 4:31pm Feb 22, 2024 4:31pm
Quoting pipmaster77
{quote} Yeah, taki not going to like that.
I'm old. But its ok. I can scalp treasuries till the limits change.
  • #31,466
  • Feb 22, 2024 4:31pm Feb 22, 2024 4:31pm
Quoting Takisd
{quote} Just the set up alone, as much as i love ninja trader. Is enough to deter 90% of retail OTC traders. Its too complicated. I remember trading treasuries using CQG and it felt like this, the difference is I have been using various trading platforms and traded on desks for so many years. Throughout the entire set up I was like "yes, sure futures are great because I do like spreading treasuries but theres no way OTC prop customers are doing this". The rewards also suck. I don't know if I can apply all this attention to something for 3500 dollars....
Their FAQ was also an unorganized mess. I wonder if Mattl @ My funded Fx brought a more streamlined setup process to their futures offering. That being said, money tends to focus the mind... people see the size of their payouts and will very likely try to figure things out.
  • #31,467
  • Feb 22, 2024 4:34pm Feb 22, 2024 4:34pm
and one contract is what size? 1 lot?
  • #31,468
  • Feb 22, 2024 4:36pm Feb 22, 2024 4:36pm
Quoting Cryptosurf
{quote} Im on the 50k accounts so im mostly trading Micro NQ and sometimes Micro Dow. Anywhere from 4-8 contracts at a time, usually after 10am est, sometimes in the afternoon. Once i hit around $500-$800 im done for the day. I have 20 50k PA accounts but only trade 10 at any given time, alternate days, sessions etc.
daily $500-$800 per account or a total for 10 accounts???
Sorry to ask,, since i am new to fututes,, it seems money comes and goes so easily.. I traded this morning 1 - 4 NQ contracts ,, P and L swing so big on 4 contracts ..I had to trade on M1 and M5 chart instead of my usual M15 chart...
I see people traded 15 contracts on that 150 K account.. its crazy...one trade 50 points to pass the challenge..
  • #31,469
  • Feb 22, 2024 4:37pm Feb 22, 2024 4:37pm
Quoting DeltaCapital
and one contract is what size? 1 lot?
Whole values only. No .05 etc. You buy minimum of 1 contract.
Trade with confidence, trade without fear.
  • #31,470
  • Feb 22, 2024 4:38pm Feb 22, 2024 4:38pm
Quoting DeltaCapital
and one contract is what size? 1 lot?
you should probably visit the CME site and look @ contract specs.
  • #31,471
  • Feb 22, 2024 4:39pm Feb 22, 2024 4:39pm
Quoting Cryptosurf
{quote} Whole values only. No .05 etc. You buy minimum of 1 contract.
okay and 1 contract in gold in 100 ounces right and in euro futures 125k correct?
  • #31,472
  • Feb 22, 2024 4:40pm Feb 22, 2024 4:40pm
Quoting CableJ
{quote} you should probably visit the CME site and look @ contract specs.
Yeah just discovered it thanks
  • #31,473
  • Feb 22, 2024 4:40pm Feb 22, 2024 4:40pm
Quoting Boulder
{quote} daily $500-$800 per account or a total for 10 accounts???
Yep. The mental game to make $500 is much easier then it is to 5k on a single account. The risk (and reward) is spread across multiple accounts.

I have my own futures account with amp where I’ll make larger trade sizes but for Apex the game needs to be played a bit differently.
Trade with confidence, trade without fear.
  • #31,474
  • Feb 22, 2024 4:43pm Feb 22, 2024 4:43pm
Quoting DeltaCapital
{quote} okay and 1 contract in gold in 100 ounces right and in euro futures 125k correct?
Yeah you’re going to have to familiarize yourself with the contract specs.
Trade with confidence, trade without fear.
  • #31,475
  • Feb 22, 2024 4:47pm Feb 22, 2024 4:47pm
Quoting Cryptosurf
{quote} Yep. The mental game to make $500 is much easier then it is to 5k on a single account. The risk (and reward) is spread across multiple accounts. I have my own futures account with amp where I’ll make larger trade sizes but for Apex the game needs to be played a bit differently.
That makes perfect sense...thanks..
  • #31,476
  • Feb 22, 2024 4:50pm Feb 22, 2024 4:50pm
Quoting Boulder
{quote} daily $500-$800 per account or a total for 10 accounts??? Sorry to ask,, since i am new to fututes,, it seems money comes and goes so easily.. I traded this morning 1 - 4 NQ contracts ,, P and L swing so big on 4 contracts ..I had to trade on M1 and M5 chart instead of my usual M15 chart... I see people traded 15 contracts on that 150 K account.. its crazy...one trade 50 points to pass the challenge..
Ive been trading NQ and DOW for the better part of 5+ years. My process is boring. I’ll only trade when it’s most liquid mostly starting 10am est. 9:30 open is always a jittery mess. I don’t trade the news. I’ll take the trade off the new hourly candle for continuation trade. Time frame is M5 mostly but also watch the 1hr. I’ll make what I consider a decent amount for the day and walk away. It’s boring, but I know if I stick to it, I’ll always be in the green.
Trade with confidence, trade without fear.
  • #31,477
  • Feb 22, 2024 4:53pm Feb 22, 2024 4:53pm
Quoting Takisd
Just the set up alone, as much as i love ninja trader. Is enough to deter 90% of retail OTC traders. Its too complicated. .../... I don't know if I can apply all this attention to something for 3500 dollars.
-I personally have not made the jump to futures yet. So far, I have not had to, thankfully. Being forced to learn new things and adapt to a new platform is not something that I am overly keen on, so long as I do not have to. If things come to that, then so be it, but for now, it is not necessary.

If these props can figure out a way to offer meta (or something reasonable without trailing DD), then I might reconsider my position. Certainly, the trailing draw-down sucks and I would argue that it is even abusive. The traders that are grabbing 20+ accounts and grinding out smaller batches of profits can probably do well, assuming that they can trade within the trailing framework.

Sometimes I think that things are unnecessarily over-complicated by design.
  • #31,478
  • Feb 22, 2024 4:53pm Feb 22, 2024 4:53pm
rather than trade futures , it might be easier to find a firm where you can trade etfs. This would be easier for me since I don't have to worry about rolling over contracts on soybeans or whatever, rbob gas. I haven't decided yet though. although etfs I think you can only buy, not sell, if you can predict all of them like me, it won't really matter, just wait for buying opportunities and swing trade that. No need for cfds or futures. I'm not sure how the recent developments affect tradethepool though or others.
  • #31,479
  • Feb 22, 2024 4:54pm Feb 22, 2024 4:54pm
Quoting Cryptosurf
{quote} Ive been trading NQ and DOW for the better part of 5+ years. My process is boring. I’ll only trade when it’s most liquid mostly starting 10am est. 9:30 open is always a jittery mess. I don’t trade the news. I’ll take the trade off the new hourly candle for continuation trade. Time frame is M5 mostly but also watch the 1hr. I’ll make a what I consider a decent amount for the day and walk away. It’s boring, but I know if I stick to it, I’ll always be in the green.
very good advice.. thanks...l
  • #31,480
  • Feb 22, 2024 5:01pm Feb 22, 2024 5:01pm
Quoting DeltaCapital
and one contract is what size? 1 lot?
No lots. Contracts. I only trade dow, nas and s&p ....I trade micros so .50/pt, $2/pt and $5/pt, respectively.
So if I'm trading 4 micros of NAS it's $8 /pt....60 points =$480.
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