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Anyone trading with a Prop firm 6 replies

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Quoting Cryptosurf
You can DCA to winners but not losers.
-It is a silly rule, in my opinion. I can understand it for the reasoning that you described (adding to losing trades), but this rule should not apply for entries. If they revised the rule to only apply for subsequent trades that take place after 1M or something, then that would be more reasonable.
Quoting Capablanca
{quote} Depends how they define it. If they interpret it by the book, which these props may do, then any buy at 5000 and another at 4999.75 is already a violation. I do that tons of times in fx to get better fills. Instead of buying 5 lots I buy 3+2 with minutes of difference. Sometimes the 2 lots are bought slightly lower than the 3 (so the 3 was losing), which is not a big deal for a positions that will be there for hours or days. {quote} Not really a surprise. They ar probably being hit hard by all the videogamers coming to futures.
The only people that it’s going to affect are those that have zero strategy, with equity curves that look like someone’s EKG.
Trade with confidence, trade without fear.
Quoting Nsak3y
{quote}-It is a silly rule, in my opinion. I can understand it for the reasoning that you described (adding to losing trades), but this rule should not apply for entries. If they revised the rule to only apply for subsequent trades that take place after 1M or something, then that would be more reasonable.
Adding to losing position isn’t a formula for success, no matter how you look at it. What it means is you’re stuck in a bias that’s clearly going against you.
Trade with confidence, trade without fear.
Quoting Cryptosurf
Adding to losing position isn’t a formula for success, no matter how you look at it. What it means is you’re stuck in a bias that’s clearly going against you.
-Has nothing to do with that. I have explained already. Fortunately, with APEX, it is not a necessary thing.
Quoting Cryptosurf
{quote} Adding to losing position isn’t a formula for success, no matter how you look at it. What it means is you’re stuck in a bias that’s clearly going against you.
Yes, nothing more not to disagree ...
I am completely a lazy Trader & Pennies Rebate Hunter
Quoting Cryptosurf
{quote} The FX yolo migrants have become dreadful to deal with. I saw tons of them screaming about losing accounts on CPI news. Some people never learn and never will.
News trading doesn't work with trailing DD especially with larger lot size. Any pull back will kill account as trailing doesn't stop on evals
Quoting Cryptosurf
{quote} Adding to losing position isn’t a formula for success, no matter how you look at it. What it means is you’re stuck in a bias that’s clearly going against you.
I don't know about DCA rules before, i thought its something new, last week NQ was great for average down due to choppy price action, I did using micro lots, I hope I still get paid when it's time for payouts..
Quoting sampat
{quote} News trading doesn't work with trailing DD especially with larger lot size. Any pull back will kill account as trailing doesn't stop on evals
I know, but that doesn’t stop people that still try, then dumbfounded at the negative results.

They have zero comprehension of actions equals consequences.
Trade with confidence, trade without fear.
Quoting Boulder
{quote} I don't know about DCA rules before, i thought its something new, last week NQ was great for average down due to choppy price action, I did using micro lots, I hope I still get paid when it's time for payouts..
It’s only going to affect those who’s equity curve looks like a plate of spaghetti.
Trade with confidence, trade without fear.
a rumor that funding pips KHDA permission (its education provider in UAE) is going to be revoked.
Quoting Cryptosurf
{quote} Those rules were always in the PA agreement so it’s nothing new. All the migrant FX yolo gamblers are getting reigned in.
The rules have always been like this, but now they’ll be enforced. No big deal for non-yolo traders.

As I trade in Tradovate, which doesn’t have bracket orders for group trades, I’ll just manually place SL and TP from now on.
A snails pace wins the race :-)
Quoting JustPipMe
{quote} The rules have always been like this, but now they’ll be enforced. No big deal for non-yolo traders. As I trade in Tradovate, which doesn’t have bracket orders for group trades, I’ll just manually place SL and TP from now on.
Yeah that’s how you have to do it with Tradovate on the DOM.

For existing funded traders there’s no change, all the new yolo gamers are going to be affected.
Trade with confidence, trade without fear.
Quoting Cryptosurf
{quote} Yeah that’s how you have to do it with Tradovate on the DOM. For existing funded traders there’s no change, all the new yolo gamers are going to be affected.
How do they know about stop loss as there may be separate orders (in quantower one can use bracket stop and take profit)?
as far as I know on most platforms stops and limits are not server based. They are just on your terminal. That's why every time when you close your NinjaTrader you have warning.
p.s. I do know know how Replikanto copier works, but mine have stop and limit only on the parent account. When it is reached it automatically sends market orders on following accounts.
Quoting sampat
{quote} News trading doesn't work with trailing DD especially with larger lot size. Any pull back will kill account as trailing doesn't stop on evals
actually today I passed evaluation accounts on the news. See my earlier post
And this is the result.
Attached Image (click to enlarge)
Click to Enlarge Name: passed 10.png Size: 25 KB
Quoting Cryptosurf
{quote} Adding to losing position isn’t a formula for success, no matter how you look at it. What it means is you’re stuck in a bias that’s clearly going against you.
In the long term you are right, but with this strategy and the leverage which prop gives you can pull out money for some time, that's why they are prohibiting it.
Hello dearest members, pls who has information on prop forex firms that is genuine and do not charge standard trading fees, free to register. In my country, the so called minimum standard trading fee or registration fee is still a lot of money due to exchange rates. Pls any assistance will be appreciated to help some of us start trading thanks.
Quoting Boulder
{quote} Do you know about Apex new rules- DCA.. dollar Cost Averaging.. they prohibit average down.. not sure how many entries are considerred violation .. {image}
in other words, gamblers will get kicked out, traders who know how to trade have nothing to worry about
After passing evaluations account how long do you have before you have to activate the PA accounts on APEX? Example if i pass today can i activate the PA 2 weeks later?
Quoting fx_rookie
with this strategy and the leverage which prop gives you can pull out money for some time, that's why they are prohibiting it.

OMG, someone actually gave the right answer. That doesn’t happen very often, in this thread. (They won’t listen to you, anyway.)
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