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1. Does the trailing max loss trail open equity or end of day balance?
-- Open equity
2. I see the $25k account has $1,500 profit goal and max loss also of $1,500; the $250k account has $15,000 goal as expected, but its max loss is not $15,000 as expected but only $4,500? How/why does this work, please?
-- It's Risk control.
3. If I try one of the plans but do not reach the profit goal within 1 month can I still cancel before the renewal day without my credit-card being charged for the next month?
--Yes
4. Are all payouts only by Plane (I have not heard of it)? Can you tell me what documents/process will be need by Plane, to receive a payout, please?
--It is very easy to onboard with Plane. Based on where you reside, you would complete a verification process and complete the W8 or W9
RISK DISCLOSURE:
This is not an investment opportunity. You do not deposit any funds for investment. We do not ask for any funds for investment. At no time do you risk your own capital. There are no promises of rewards or returns. Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
I apologize again but honestly I do not understand this one. With the small account the max loss is the same size as the profit goal, but with the big account, it is only 30% of the size of the profit goal? I am asking why the risk control is so hugely different between the two accounts?
RISK DISCLOSURE:
This is not an investment opportunity. You do not deposit any funds for investment. We do not ask for any funds for investment. At no time do you risk your own capital. There are no promises of rewards or returns. Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
On the Apprentice Legends Account: If I blow it, what is monthly re-subscription fee? Is it $119/month on the 50k? If yes, on the $50K account would the current $119/month continue month after month? (assuming there is a need to keep this account active).
Do you allow trade copiers, if the trades are mine, not linked to an external signal service?
What is the fee for the Master Account and are there any ongoing monthly costs?
I respectfully suggest that doing that very quickly would be wise, Greg: it may make a very big difference to the uptake of your generous offer.
If you look at the three or four trading forums in which such potential funding opportunities are widely discussed, you’ll see that the first question of many/most of your prospective customers will be whether the max drawdown trails open equity. If does, many will look no further, even on a first month free basis.
The general perception (rightly or wrongly) is that the max loss trailing open equity makes these things close-to-impossible to pass for anyone other than a pure scalper.
In order to compete with Topstep, TradeDay and your other major competitors, you’ll surely need to match their end-of-day trailing? It’s a hugely important consideration, to your potential customer-pool.
RISK DISCLOSURE:
This is not an investment opportunity. You do not deposit any funds for investment. We do not ask for any funds for investment. At no time do you risk your own capital. There are no promises of rewards or returns. Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.