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  • #36,121
  • May 7, 2024 2:24pm May 7, 2024 2:24pm
Quoting Expo33
{quote} Yup, like I said in the post above I could have had a 7 year track record and been managing millions already. (assuming I could make a few percent a month) Thank you to the US regulators for protecting me from myself. Phew, that was close. I almost got sucked into a great opportunity.
US Regulators always come CLUTCH then Canadian Sheeps follows them
Extreme gut feeling trader
  • #36,122
  • May 7, 2024 2:26pm May 7, 2024 2:26pm
Quoting ladder
{quote} Last month my payout request was also flagged by alpha capital because they wanted me to redo KYC. You can ask live chat the reason if they don't process your payout in 2 days.
Hopefully is same case
Will wait then
  • #36,123
  • May 7, 2024 2:43pm May 7, 2024 2:43pm
Update time.. Overall Good performance.

1. Apex 50k x 20 FUNDED - DAY 1 - 300$ on each (aiming for 300 a day).
2. MyfundedFutures 3x150k FUNDED - 1k up. (3 more days to go for payout aiming 1k a day to pull max 4500$ each account).
3. Topstep 3x150k Combine - Striking Distance to pass it. Aiming for Asia Today to get over the hump
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Extreme gut feeling trader
  • #36,124
  • May 7, 2024 2:47pm May 7, 2024 2:47pm
Quoting montygoldy
Update time.. Overall Good performance. 1. Apex 50k x 20 FUNDED - DAY 1 - 300$ on each (aiming for 300 a day). 2. MyfundedFutures 3x150k FUNDED - 1k up. (3 more days to go for payout aiming 1k a day to pull max 4500$ each account). 3. Topstep 3x150k Combine - Striking Distance to pass it. Aiming for Asia to Today to get over the hump {image} {image} {image}
That is some AMAZING Performance !

The only thing i hate is the consistency rule on the future prop firms.... I am not sure how it would work if i am not able to make any money one day out of the week? Its very hard to make $300 - $400 base hits every single day.
Drawdown is more important than Account Size !
  • #36,125
  • May 7, 2024 2:49pm May 7, 2024 2:49pm
Quoting montygoldy
Update time.. Overall Good performance. 1. Apex 50k x 20 FUNDED - DAY 1 - 300$ on each (aiming for 300 a day). 2. MyfundedFutures 3x150k FUNDED - 1k up. (3 more days to go for payout aiming 1k a day to pull max 4500$ each account). 3. Topstep 3x150k Combine - Striking Distance to pass it. Aiming for Asia to Today to get over the hump {image} {image} {image}
Did I miss some of your post. Did you get that first payout?
  • #36,126
  • May 7, 2024 2:51pm May 7, 2024 2:51pm
Quoting woody70
{quote} Did I miss some of your post. Did you get that first payout?
For Apex payout is approved. Probably hit my bank in coming days. For MyfundedFutures is by Friday if i dont trade anymore Still Can pull 60% like 2-3k each account. But i am aiming for 4500k payout from each account for that i want to reach 8k profits i.e 60%
Extreme gut feeling trader
  • #36,127
  • May 7, 2024 2:54pm May 7, 2024 2:54pm
Quoting montygoldy
{quote} US Regulators always come CLUTCH then Canadian Sheeps follows them
Yes and european. And in later years australia and New Zealand.
And recent time Dubai?

Where does it end..
You have an IQ lower than 90 if you interact with this user.
  • #36,128
  • May 7, 2024 2:55pm May 7, 2024 2:55pm
Quoting montygoldy
{quote} For Apex payout is approved. Probably hit my bank in coming days. For MyfundedFutures is by Friday if i dont trade anymore Still Can pull 60% like 2-3k each account. But i am aiming for 4500k payout from each account for that i want to reach 8k profits i.e 60%
Ok good how long has it been 2 weeks?
  • #36,129
  • May 7, 2024 2:56pm May 7, 2024 2:56pm
Quoting procrude
{quote} That is some AMAZING Performance ! The only thing i hate is the consistency rule on the future prop firms.... I am not sure how it would work if i am not able to make any money one day out of the week? Its very hard to make $300 - $400 base hits every single day.
yep for topstep 2 accounts i need to make 300$ more because i have made more than 50% in a single day but the thing i was in loss first so i recovered the loss n then made the profit but they counted it as whole.
Extreme gut feeling trader
  • #36,130
  • May 7, 2024 2:57pm May 7, 2024 2:57pm
Quoting woody70
{quote} Ok good how long has it been 2 weeks?
for apex they approved on 28th last month. THen i had only 600$ drawdown left so yolo'ed and lost them. I have donated so much to APex in recent time they shouldn't be having any payout problems.
Extreme gut feeling trader
  • #36,131
  • May 7, 2024 3:02pm May 7, 2024 3:02pm
Quoting Ferna
{quote} Yes and european. And in later years australia and New Zealand. And recent time Dubai? Where does it end..
It doesn't end. At some point you as a consumer need to do your own research and leave the government out of it. Every prop firm and offshore account I've ever had I enter at my own risk. Whatever happens; happens.
  • #36,132
  • May 7, 2024 3:03pm May 7, 2024 3:03pm
Quoting montygoldy
{quote} for apex they approved on 28th last month. THen i had only 600$ drawdown left so yolo'ed and lost them. I have donated so much to APex in recent time they shouldn't be having any payout problems.
  • #36,133
  • May 7, 2024 3:40pm May 7, 2024 3:40pm
Quoting procrude
{quote} That is some AMAZING Performance ! The only thing i hate is the consistency rule on the future prop firms.... I am not sure how it would work if i am not able to make any money one day out of the week? Its very hard to make $300 - $400 base hits every single day.
Yes, sometimes I find myself forcing things when I normally wouldn't take a trade. Not only does it skew the consistency, you need 10 trading days or you miss the payout, then it is monthly vs. bi-weekly. When I have maxed all of the accounts at all of the firms I plan, I'm just aiming for $100-150 per day, 17-18 days per month times 30 or so accounts, it's still 75-80K per month, I think I'll survive. I'll just structure them so they pay at different times.
Pulling $100-150 per day is pretty freaking simple, it's when I go back in and try to get more, the trouble begins. I'll give 3-4 days of profit back in 1 day. I am diligently working on my discipline.
  • #36,134
  • May 7, 2024 3:43pm May 7, 2024 3:43pm
Quoting montygoldy
{quote} For Apex payout is approved. Probably hit my bank in coming days. For MyfundedFutures is by Friday if i dont trade anymore Still Can pull 60% like 2-3k each account. But i am aiming for 4500k payout from each account for that i want to reach 8k profits i.e 60%
trading thru the 5th, paid on 15th...thru the 20th, paid on 30 or 31........isn't your payout from period ending April 20, should have received April 30th?
The PAs you're working on now are your backups, correct?
You have so much going on, I lose track
  • #36,135
  • May 7, 2024 3:45pm May 7, 2024 3:45pm
Quoting Expo33
{quote} Yup, like I said in the post above I could have had a 7 year track record and been managing millions already. (assuming I could make a few percent a month) Thank you to the US regulators for protecting me from myself. Phew, that was close. I almost got sucked into a great opportunity.
But, on the plus side......the border is wide open and we are now up to 24 genders......sorry, had to do it.
  • #36,136
  • May 7, 2024 4:02pm May 7, 2024 4:02pm
Quoting pipmaster77
You are exactly right, Capa. The futures firms work like well oiled machines because of everything you mention above. No reason it cannot be duplicated in forex.
-Objectively speaking, I do think that the Apex model is much better than what these FX props are doing. However, I also think that the Apex model can (and should) be improved on.

Having profit-caps is key (along with minimum trading days between payouts and consistency requirements etc.), but even Apex could improve on that. Currently, once you reach a certain point, your profits are no longer capped at Apex. This should be changed, in my opinion. They should always cap everyone (Maybe 100k/month, as a maximum, per household), and probably have account resets after each payout. They would probably need to restructure their models a bit and/or drop some of the larger models.

If there is room for competition to enter this space, especially from FX prop bottom-feeders and scammers etc., then the model will eventually be ruined because we know that they will come in to undercut at every turn, which will pull traders away from firms like Apex, which will dilute the pool and create insolvency across the board. We will see a similar result play out with futures props that we saw with FX props (assuming regulators do not stop it first).

If the model continues to operate in a way that maintains a reliance on challenge fees, then there is always a chance that it will eventually fail as long as there is opportunity for other competitors to enter into this space.

If that door gets closed, prohibiting more competition, then perhaps there is a chance for long-term survival. If that door does not get closed, then the only way that firms like Apex will survive over the long-term is if they can find a way to generate revenue in other ways and offset their risk in order to sustain solvency.

But, this has been the challenge, all along. I am doubtful that we will see a solution, any time soon. Our best bet would probably be for data distributors/providers to shut prospective firms out by having very strong requirements in place. One such requirement might be to have 100M held in escrow, to serve as an insurance fund.
  • #36,137
  • May 7, 2024 4:09pm May 7, 2024 4:09pm
Quoting pipmaster77
{quote} Yes, sometimes I find myself forcing things when I normally wouldn't take a trade. Not only does it skew the consistency, you need 10 trading days or you miss the payout, then it is monthly vs. bi-weekly. When I have maxed all of the accounts at all of the firms I plan, I'm just aiming for $100-150 per day, 17-18 days per month times 30 or so accounts, it's still 75-80K per month, I think I'll survive. I'll just structure them so they pay at different times. Pulling $100-150 per day is pretty freaking simple, it's when I go back in and try...
second that getting the threshold out of the picture is the biggest driver in my mind. That sometimes makes me do dumb sh*t
Extreme gut feeling trader
  • #36,138
  • May 7, 2024 4:12pm May 7, 2024 4:12pm
Quoting Nsak3y
{quote}-Objectively speaking, I do think that the Apex model is much better than what these FX props are doing. However, I also think that the Apex model can (and should) be improved on. Having profit-caps is key (along with minimum trading days between payouts and consistency requirements etc.), but even Apex could improve on that. Currently, once you reach a certain point, your profits are no longer capped at Apex. This should be changed, in my opinion. They should always cap everyone (Maybe 100k/month, as a maximum, per household), and probably...
Yes, the simplest solution is to toughen the barrier of entry. Imagine if the barrier of entry wasn't so low for those forex props......we would more than likely still be happily trading at MFF and FTMO today.
Competition is good, of course, but it cannot be diluted to a point where nobody can survive.....that hurts all of us.
Just let the 5-6 current top futures props fight each other for our business......that is plenty.
  • #36,139
  • May 7, 2024 4:18pm May 7, 2024 4:18pm
Quoting pipmaster77
{quote} trading thru the 5th, paid on 15th...thru the 20th, paid on 30 or 31........isn't your payout from period ending April 20, should have received April 30th? The PAs you're working on now are your backups, correct? You have so much going on, I lose track
Yep i dont know first payout.

Long story First 20 PA's reached 54k in 7 days then over confidence and huge size lost 5 Pa in matter of minutes (they were below threshold) and n rest 15 were lucky only so locked in them all at 52600$. Able to pull 2k out of them and yolo'ed the rest of 600$ drawdown.
REason First 20 PA's required 121 eval attempts. Next 20 PA's in one shot.

Right Now I only have myfundedfutures, apex and topstep. upcoming payout will fund another 3x150k in future firm(still searching for a good one), 2x200k ftmo, Apha 300k , 5%ers 100k and either fxify or e8markets (all in one go)

Man my prop firm journey is so spiced up. SO many ups n downs.
Extreme gut feeling trader
  • #36,140
  • May 7, 2024 4:49pm May 7, 2024 4:49pm
Quoting montygoldy
{quote} Yep i dont know first payout. Long story First 20 PA's reached 54k in 7 days then over confidence and huge size lost 5 Pa in matter of minutes (they were below threshold) and n rest 15 were lucky only so locked in them all at 52600$. Able to pull 2k out of them and yolo'ed the rest of 600$ drawdown. REason First 20 PA's required 121 eval attempts. Next 20 PA's in one shot. Right Now I only have myfundedfutures, apex and topstep. upcoming payout will fund another 3x150k in future firm(still searching for a good one), 2x200k ftmo, Apha 300k...
so did you receive the 2,000 times 15, my understanding with apex is if you blow them up before payout, you don't get paid. Although I believe it to be payout approval, not actual payout.
I cannot believe you are going to go back into forex prop world. I would seriously reconsider that decision. I have my live 5%ers account, it satisfies my forex urge. If I ever lose it or US gets banned again or whatever, I'll be futures only or perhaps go on the Darwinex zero route with Expo....he needs a Darwinex buddy.
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