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In addition he didn't get paid because his strategy didn't fit within prop firm rules.. Most likely none of them would.
Most are under the illusion that they can pound their square peg strategy. into the round hole requirements of the prop firm. Then feign outrage when they fail.
It like someone playing checkers in chess tourney.
The take home message is that don't use Apex if you're trading strategy requires dollar cost averaging. He says in the video he was denied because he broke the rules on dollar cost averaging.
He is also a vendor himself selling trading courses on his own website, and a TopStep affiliate on youtube
According to the video that's what he had done and was denied for it. But he never showed the full email of the reasons either. His equity curve didn't look that great either so more then likely this was a struggle for him.
He's just another youtube demo baller who never shows trade executions just glitzy Tradingview charts.
You might be right, but there are enough out there who haven't been paid. Apex is a Ponzi scheme and they're cash poor ATM. We'll see how long they last.
No one really knows what their cash position is so to say they are cash poor is just baseless conjecture. The entire prop industry can be regarded as ponzi. TopStep being the longest running. These firms aren't surviving on funded traders, as the overwhelming majority are degens chasing the pot of gold. Most will chase it to personal insolvency before ever receiving a consistent payout. The business model survives on it.
Im old enough to remember TopStep was regarded as a "Ponzi," and yet they are still around.
All of the prop firms fine print, clearly state where payouts are coming from. All of them.
So none would ever survive any "Prop firm purity test."
