Prop Firm Hub | Page 2177 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #43,521
  • Oct 22, 2024 9:29am Oct 22, 2024 9:29am
Quoting sampat
{quote} 3. the DCA to infinity crew... risk the entire DD to either recover current loss or blow the account and reset/buy another. How Apex will prevent that since it is futures (FIFO) I can DCA to oblivion and still each trade under 30% loss. For example I can buy 1 MNQ with target 10 pip and stop 50 pips and buy every 10 points with 10 pip stop and 50 pip stop. How new rule will prevent that? If they consider group of trade as one trade it makes sense but right now it is grey area.
They don't care how much you dca as long as the combined trade DD is never >30% of total DD. You scaling into a 1% total risk trade within a zone 20 times is no problem. They likely consider the multiple entries as 1 trade for risk management evaluation.
  • #43,522
  • Oct 22, 2024 10:00am Oct 22, 2024 10:00am
$228 for 3 50K starter accounts... $3600 max per payout up to 18K total + 7.5K live account.

vs.

$1200 for 3 50K milestone accounts... $6000 max per payout up to 24K total + 12K live account.
  • #43,523
  • Oct 22, 2024 10:01am Oct 22, 2024 10:01am
Quoting pipmaster77
{quote} Yeah, they tout this path to live as a good thing. If I want to trade live, I'll just trade live. Especially since they are funding the live with profits I've already earned. Even this new MFFU offer and I'm sure they will "gotcha" some folks here as well, your target for 4 phases is 3K, they pay you 2K, leaving 1K. 1K for 4 phases is 4K....here is your live account, you've earned it yourself.
Yeah, this new MFFU offer is for traders who cannot calculate properly. It makes no sense to join here from a math perspective. Personal account trading is better here.
  • #43,524
  • Oct 22, 2024 10:06am Oct 22, 2024 10:06am
Quoting CableJ
$228 for 3 50K starter accounts... $3600 max per payout up to 18K total + 7.5K live account. vs. $1200 for 3 50K milestone accounts... $6000 max per payout up to 24K total + 12K live account.
hmmm.......if only folks had as much math skills as we do in this forum, alot of these offerings wouldn't even exist.
Blows my mind actually, folks that are traders or aspiring to be so, lack basic math skills.....after all, you kind of need them to trade.
  • #43,525
  • Oct 22, 2024 10:39am Oct 22, 2024 10:39am
Quoting CableJ
$228 for 3 50K starter accounts... $3600 max per payout up to 18K total + 7.5K live account. vs. $1200 for 3 50K milestone accounts... $6000 max per payout up to 24K total + 12K live account.
So milestone is kinda a straight funding plan i guess....
I never understand why would anyone spend bucket load of money on straight to fund account...If a traders thinks he can get a payout of straight to funded accounts then why not take the challenge and pass it (piece of cake). Its like 5 times less money with evals.
Extreme gut feeling trader
  • #43,526
  • Oct 22, 2024 11:36am Oct 22, 2024 11:36am
Quoting Capablanca
I'm about to receive a payout in Fintokei. First one ever there. Let's see how it goes (I'll wait until payout date without trading to secure the refund and then it's a free ride). Also received the refund of Funded Engineer and My Flash after dispute. In Flash I was doing a challenge when it was moved to Sway and DD was changed from static to trail. They refused the refund. That's why my portfolio of props includes a reckless section. On the worse scenario I just hit them with a dispute.
how you dispute Funded Engineer ? they owed me payout
could you please me me how thanks sir
  • #43,527
  • Oct 22, 2024 11:55am Oct 22, 2024 11:55am
Topstep review
Inserted Video
  • #43,528
  • Oct 22, 2024 1:25pm Oct 22, 2024 1:25pm
Apex 30 % loss rule explained.
Inserted Video
Intraday only.
  • #43,529
  • Oct 22, 2024 4:38pm Oct 22, 2024 4:38pm
Quoting TrAndy1
I also submitted my payout request today for Quant Tekel on my $50k funded account where I have 3.2% profits made. Let's see how smooth the process is.
These guys still haven't migrated my funded account. Been over a month,I think.
  • #43,530
  • Oct 22, 2024 5:01pm Oct 22, 2024 5:01pm
Re FTMO,
If you reach the 5% daily dd, it automatically closes your trades.
Let's say at the time, dd is 5k and your account balance is 106k.

If just before dd reaches max, you manually close all trades and end up with about 101k net and then you can restart trading fresh with 101k in the account.

If you reach max dd and the prop automatically closes all your trades, do you still have around 101k? Or just because you reached max dd, it is considered a violation and you only get to start the challenge at 100k?
  • #43,531
  • Oct 22, 2024 5:49pm Oct 22, 2024 5:49pm
Quoting OutThere
Re FTMO, If you reach the 5% daily dd, it automatically closes your trades. Let's say at the time, dd is 5k and your account balance is 106k. If just before dd reaches max, you manually close all trades and end up with about 101k net and then you can restart trading fresh with 101k in the account. If you reach max dd and the prop automatically closes all your trades, do you still have around 101k? Or just because you reached max dd, it is considered a violation and you only get to start the challenge at 100k?
It happened with me, I reached max daily DD 2 years back but still on profit of around 5K they paid me and since account is breached account was gone.
  • #43,532
  • Oct 22, 2024 5:57pm Oct 22, 2024 5:57pm
Quoting sampat
{quote} It happened with me, I reached max daily DD 2 years back but still on profit of around 5K they paid me and since account is breached account was gone.
Wow, that's really crappy.
I'll make sure I'll close my trades manually before reaching max dd.
Thanks for the reply.
  • #43,533
  • Oct 22, 2024 6:15pm Oct 22, 2024 6:15pm
Quoting CableJ
Still @ Apex... My opinion on the rule changes = big yawwwnnn I have not withdrawn <52600 per 50K in about a year, so the safety net/buffer rule does not affect me. My risk per trade on 2500 DD was 6% and is now 10% so the 30% rule also does not affect me. I think some like crypto & pip had issues with the DCA limitations and that is now allowed again. Previously banned News release, OCO bracket breakout, NYOpen trading are also all allowed again. These rules shut down... 1. The yolo scalping gang... risk the entire DD for a few ticks per trade,...
Yes, just had the time to watch some of the videos.....doesn't really impact me either. Even if starting new though, you can still pull $500 out of the buffer zone. I believe max withdrawal is still 2K even if you take it to over $54,100........basically they are requiring you to leave 52,100 instead of 50,600 (on a 50K).
The DCA never really affected me either as I never do more than one additional at a time and always with a much tighter stop than normal on the additional.
I see this as beneficial to the longevity of Apex.
  • #43,534
  • Oct 22, 2024 6:18pm Oct 22, 2024 6:18pm
Quoting OutThere
{quote} Wow, that's really crappy. I'll make sure I'll close my trades manually before reaching max dd. Thanks for the reply.
In my case there was slippage of 15 points on DOW without any news moving forward I was keeping 4% max as Daily drawdown instead of 4.9%
  • #43,535
  • Oct 22, 2024 6:25pm Oct 22, 2024 6:25pm
I dont know what these Alpha futures are smoking must be really good i believe...
So apparently there is no actual promotion available on account purchase but drum roll........ they have a promotion running with reduced RESET prices........
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-10-22 at 9.23.11 PM.png Size: 129 KB
Extreme gut feeling trader
  • #43,536
  • Oct 22, 2024 6:31pm Oct 22, 2024 6:31pm
Quoting montygoldy
I dont know what these Alpha futures are smoking must be really good i believe... So apparently there is no actual promotion available on account purchase but drum roll........ they have a promotion running with reduced RESET prices........ {image}
I'd stay away, just like we will want to avoid The Funded Trader when they come over.
  • #43,537
  • Oct 22, 2024 6:34pm Oct 22, 2024 6:34pm
So considering getting 3 starter from MFFU, can pull 6K per before moving to live. I am chatting now and cannot get clarification if you actually get 7.5K live at that point (2.5*3) as they claim you only get one live account, the others thast you have passed sit dormant in case you blow the live.....


Attached Image (click to enlarge)
Click to Enlarge Name: MFFU.PNG Size: 9 KB


They haven't thought far enough ahead of what happens at live, probably don't expect many to get there????
  • #43,538
  • Oct 22, 2024 6:47pm Oct 22, 2024 6:47pm
Quoting OutThere
{quote} Wow, that's really crappy. I'll make sure I'll close my trades manually before reaching max dd. Thanks for the reply.
If you keep approaching your DD, they'll probably put you on a very restrictive leverage.
  • #43,539
  • Oct 22, 2024 6:52pm Oct 22, 2024 6:52pm
Quoting pipmaster77
I see this as beneficial to the longevity of Apex.
-On paper, yes. It certainly should be. In reality, though, most of the feedback seems to indicate that traders are spoiled children. We will have to see if the Apex offerings are still good enough to keep them popular.
  • #43,540
  • Oct 22, 2024 6:57pm Oct 22, 2024 6:57pm
Quoting montygoldy
I dont know what these Alpha futures are smoking must be really good i believe... So apparently there is no actual promotion available on account purchase but drum roll........ they have a promotion running with reduced RESET prices........ {image}
Doesn't seem like any reason to go with them. Expensive accounts and still need activation fees. Bigger accounts have larger drawdowns but also higher thresholds for the first payment.
129 traders viewing now, 1 is registered:
jettli