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  • #36,961
  • May 25, 2024 9:08pm May 25, 2024 9:08pm
Quoting montygoldy
{quote} Yea i never used stop loss before in tradovate just the tp and closed trades in front of my eyes. Since the apex sl rule its forced to add a fixed 30point sl contracts. Topstepx is way better it has everything in there a trader needs. They just need to make it accessible to add other brokers that gonna be glorious.....
You do not need to have a SL in place. Mental stops are fine. Mentioned in writing and also in video on their website and discord
A snails pace wins the race :-)
  • #36,962
  • May 25, 2024 9:48pm May 25, 2024 9:48pm
Quoting JustPipMe
{quote} You do not need to have a SL in place. Mental stops are fine. Mentioned in writing and also in video on their website and discord
Which is a bit ridiculous because if you place a physical stop this is what they expect from you:

Honor your stops, do not move them backwards to potentially lose more than your strategy accounts for. Can always move stops forward to trail and protect profits, trail profits and let profits run, but do not move them backwards and risk more. Simply have a systematic plan and stick to it. Do not gamble “in hopes” it will come back.

Of course if you have a "mental" stop you can have them dance around in your head and do whatever you want. Move back, move up, leave trade running until you blow up. We trust you have a system for your "mental" stop but you better not even dare to move your physical stop backwards

Pure rubbish
Pride always comes before destruction.... -Proverbs 16:18
  • #36,963
  • May 25, 2024 10:17pm May 25, 2024 10:17pm
Quoting JustPipMe
{quote} You do not need to have a SL in place. Mental stops are fine. Mentioned in writing and also in video on their website and discord
yeah i know but i like to be on safe side dont wanna give any BS reason for denial.
Extreme gut feeling trader
  • #36,964
  • May 25, 2024 10:19pm May 25, 2024 10:19pm
Quoting Expo33
{quote} Which is a bit ridiculous because if you place a physical stop this is what they expect from you: Honor your stops, do not move them backwards to potentially lose more than your strategy accounts for. Can always move stops forward to trail and protect profits, trail profits and let profits run, but do not move them backwards and risk more. Simply have a systematic plan and stick to it. Do not gamble “in hopes” it will come back. Of course if you have a "mental" stop you can have them dance around in your head and do whatever you want. Move...
My understanding is they wont check each trade that you have a sl instead they be checking the performance i.e profit factor or best-worst trade ratio not more then 1:3.
Extreme gut feeling trader
  • #36,965
  • May 25, 2024 11:42pm May 25, 2024 11:42pm
Quoting JustPipMe
{quote} You do not need to have a SL in place. Mental stops are fine. Mentioned in writing and also in video on their website and discord
How will your mental stop work in case of sudden event that can move Gold up to 4000 points in less than 2 minutes? Don't forget that you won't be able to manually close trade at this point because your closing price will likely be rejected in the market.
  • #36,966
  • May 25, 2024 11:51pm May 25, 2024 11:51pm
Quoting montygoldy
{quote} My understanding is they wont check each trade that you have a sl instead they be checking the performance i.e profit factor or best-worst trade ratio not more then 1:3.
I wonder how they will view my performance.

First week trading 50K PA account. Got to within $200 of hitting the 2K trailing drawdown. Oops

Ran it up over 54,485
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Pride always comes before destruction.... -Proverbs 16:18
  • #36,967
  • May 26, 2024 12:16am May 26, 2024 12:16am
Basically forex prop firms all high risk now. Especially during summer times as less people sign up and thus less revenue to pay out the little profit the get nowadays even FTMO thus the discount im guessing "summer times".

Then we have the futures prop firms. It seems theres only two decent now. Apex and Tradeday. Due to them not having Daily Loss. Only DD trailing limit. But not that much talk about tradeday around here tho. Apex Im still not sure about due to their panic discounts they been having since forever. I would say Apex is fine for another few months. Then one might see what truly happens to them.
  • #36,968
  • May 26, 2024 12:44am May 26, 2024 12:44am
Quoting labu
Basically forex prop firms all high risk now. Especially during summer times as less people sign up and thus less revenue to pay out the little profit the get nowadays even FTMO thus the discount im guessing "summer times". Then we have the futures prop firms. It seems theres only two decent now. Apex and Tradeday. Due to them not having Daily Loss. Only DD trailing limit. But not that much talk about tradeday around here tho. Apex Im still not sure about due to their panic discounts they been having since forever. I would say Apex is fine for another...
No one is going to pay TradeDUDS outrageous prices. Apex and Topstep have the market, the reviews and the history
Pride always comes before destruction.... -Proverbs 16:18
  • #36,969
  • May 26, 2024 12:46am May 26, 2024 12:46am
Quoting stirmatt
{quote} How will your mental stop work in case of sudden event that can move Gold up to 4000 points in less than 2 minutes? Don't forget that you won't be able to manually close trade at this point because your closing price will likely be rejected in the market.
I understand all of that. Thanks.
A snails pace wins the race :-)
  • #36,970
  • May 26, 2024 12:49am May 26, 2024 12:49am
Quoting labu
Basically forex prop firms all high risk now. Especially during summer times as less people sign up and thus less revenue to pay out the little profit the get nowadays even FTMO thus the discount im guessing "summer times". Then we have the futures prop firms. It seems theres only two decent now. Apex and Tradeday. Due to them not having Daily Loss. Only DD trailing limit. But not that much talk about tradeday around here tho. Apex Im still not sure about due to their panic discounts they been having since forever. I would say Apex is fine for another...
.
No, no, no. No Trade-Decay.

Only Apex and Topstep for futures. I only have experience with Apex, but others close to me prefer/like Topstep
A snails pace wins the race :-)
  • #36,971
  • May 26, 2024 2:18am May 26, 2024 2:18am
Quoting montygoldy
{quote} My understanding is they wont check each trade that you have a sl instead they be checking the performance i.e profit factor or best-worst trade ratio not more then 1:3.
In that case, if a trade goes against you and you're down 300, it'll be better to close it when it rebounds at -1 than +1?
  • #36,972
  • May 26, 2024 4:25am May 26, 2024 4:25am
Quoting Expo33
{quote} I wonder how they will view my performance. First week trading 50K PA account. Got to within $200 of hitting the 2K trailing drawdown. Oops Ran it up over 54,485 {image}
Dream stats!
Don't give up on your dreams. Keep sleeping.
  • #36,973
  • May 26, 2024 3:49pm May 26, 2024 3:49pm
Quoting Expo33
{quote} No one is going to pay TradeDUDS outrageous prices. Apex and Topstep have the market, the reviews and the history
Agreed, the pearl clutching over Apex specials is a bit ridiculous. That’s always been part of their marketing from day one.

They are also actively speeding up payouts which is counter to a company that is going under.

Theres no comparison with CFD props vs what we see in futures prop.
Trade with confidence, trade without fear.
  • #36,974
  • May 27, 2024 9:54am May 27, 2024 9:54am
Something big is coming out on TopStep this week. Lets see.

I really want the $50 special from My Funded Futures.
Drawdown is more important than Account Size !
  • #36,975
  • May 27, 2024 9:55am May 27, 2024 9:55am
Quoting procrude
Something big is coming out on TopStep this week. Lets see. I really want the $50 special from My Funded Futures.
myfundedfutures waiting for that as well otherwise not gonna bother buying any challenege. I have a gut feeling it'll be coming soon coz they had good success with them.
Extreme gut feeling trader
  • #36,976
  • Edited 10:19am May 27, 2024 10:00am | Edited 10:19am
Another day and yolo'ed some 250k and lost 5. Went up high as 7k and then crashing down. 90bucks down the drain. 15k yolo target is too much for me with TRAILING. Probably stick to 50k account. Btw i have 15 passed in queue which i havent activated from 2weeks back. Probably buy a 250x5 last try. If not then 50k to cover the last 5. This 18$ challenges made me go beserk YOLO'ing. Overall for Apex net up thanks to last payout.
Activated topstep 3x150k waiting for accounts info. Topstep total money spent up to date is 1660$ bucks in total (i.e 6x150$ activation fees + 3x150$ first eval + 3x110$ 2nd evals). This time gonna pull a payout out of them.
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Extreme gut feeling trader
  • #36,977
  • May 27, 2024 11:14am May 27, 2024 11:14am
In Futures the one and only thing I am focused on now is Gold. I am not doing anything else. I have a full time Job which needs a lot of attention so I can only trade mostly in Asian Session and early morning before 9:00am

So far working out Good. Sometimes its better to focus on one thing instead of confusing yourself with too much.
Drawdown is more important than Account Size !
  • #36,978
  • May 27, 2024 11:55am May 27, 2024 11:55am
Quoting procrude
In Futures the one and only thing I am focused on now is Gold. I am not doing anything else. I have a full time Job which needs a lot of attention so I can only trade mostly in Asian Session and early morning before 9:00am So far working out Good. Sometimes its better to focus on one thing instead of confusing yourself with too much.
I am in same situation as well full time job. Yep gold is good but beware its so random n volatile sometimes which i dont like. Thats why my primary is DOw in asia easily can pick 20 points and then secondayr some gold.
Extreme gut feeling trader
  • #36,979
  • May 27, 2024 12:25pm May 27, 2024 12:25pm
Attached Image (click to enlarge)
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This was on one the channels.
  • #36,980
  • May 27, 2024 12:59pm May 27, 2024 12:59pm
Quoting TraderTero
{image} This was on one the channels.
Yep, Funding Pips is restricting some people to 5 lots per day and max 1% risk per day to some people. They call it toxic flow, despite not having it defined.

People showed those emails in twitter and then deleted and apologized. Rumors that they had to do that and sign NDA. Nothing surprising. We're talking about artist Khaled.
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