Trading with +$3M in funding

Discussion in 'Journals' started by TheLiveTradingChannel, Aug 6, 2023.

  1. Sekiyo

    Sekiyo

    Sounds like we have the same approach towards funding firms accounts.
    Lately I trade NQ and risk 5pts to make 5 to 10pts. I corner weak pullbacks in strong moves.
    Ideally I should ride winners but it's been my 4ever weakness and Apex isn't "Ride Winners" friendly

    Mainly because of their open equity high PnL trailing drawdown.
    Been trading on and off for 10yrs. First trade was on EUR/USD in 2013

    I mainly trade around News @ 8.30ET or RTH open @ 9.30ET

    Planned to maintain only 1x the cushion in my account,
    But I thought about 1.5x and it's definitely better than 1x only.
    Especially since the stop doesn't trail past the DD + 100$ = More leverage.
    + We can only request a withdrawal above the DD + 100$ threshold
    And we might not always have profits to withdraw but ...
    We could withdraw a bit from the 1.5x cushion.
     
    Last edited: Aug 6, 2023
    #11     Aug 6, 2023
  2. What are PA and leeloo accounts?
     
    #12     Aug 6, 2023
  3. destriero

    destriero

    euphemism for sim.
     
    #13     Aug 6, 2023
  4. mervyn

    mervyn

    OP seems trading 18 accounts, a bit too much regardless how good he thinks he is, probably some sim accounts.
     
    #14     Aug 6, 2023
  5. Sim accounts that pay real money if you manage to survive incredibly strict rules.
     
    #15     Aug 6, 2023
  6. mikeriley

    mikeriley

    Not difficult if you use a trade copy device.
    With an edge the compounding effect is great.
     
    #16     Aug 6, 2023
  7. destriero

    destriero


    Explain the compounding effect. Please.
     
    #17     Aug 6, 2023
    mervyn likes this.
  8. canoe

    canoe

    i'm still perplexed as to how these "prop firms" can get away with such blatantly false advertising. in any other industry, this shit would be shut down by the regulators.

    the "$50k account" is a $2000 account. no offense but you're not going to be "trading with +$3M in funding" as described in your title.
     
    #18     Aug 6, 2023
    M.W., Laissez Faire and destriero like this.
  9. mervyn

    mervyn

    Many are offshore, CFD products, CME side bets.
     
    #19     Aug 6, 2023
    oshjdf likes this.
  10. newwurldmn

    newwurldmn

    he meant 3M as in 3,000. We all read is as 3MM or 3 million.
     
    #20     Aug 6, 2023
    TrailerParkTed likes this.