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APEX 300K+: The Journey


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APEX 300K+: The Journey

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  #31 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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  #32 (permalink)
 doyalalexander 
Dallas tx
 
Experience: Intermediate
Platform: Thinkorswin
Trading: Es
Posts: 34 since Oct 2014
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RTP has trader imposed trails or SL most props will let you set. I break copy trade rules and copy trade my Sim leader account use it to manage my max contract and stop loss for the day. // I just need to keep my positions tab open to make sure if sim closes the followers hit too. (Right click flatten)


injpowwetrust View Post
03.17.2023 - Day 5 of 100 Day Challenged - N/A - no trades
03.20.2023 - Day 6 of 100 Day Challenged - N/A - no trades
03.21.2023 - Day 7 of 100 Day Challenged - SIM - 1 trade: average down.
03.22.2023 - Day 8 of 100 Day Challenged - FAILED - 2 trades: moved S/L, 1 trade: average down.
03.23.2023 - Day 9 of 100 Day Challenged - FAILED - 1 trade: average down.

Things have been crazy lately in IRL, shit the fan. I didn't trade Friday or Monday. Tuesday was sim.

So, good news, I survived the FOMC meeting. I was adding to my winners, and I was able to rake in some good gains. The bad thing though, is that I went a bit too crazy. At one point, I was a max size (30 ES). I need to lock down via ninjatrader or rithmic pro. This will bite me in the ass eventually. Currently as of today, I'm about +/- 3k away from passing the eval. I'm just going to take it slow and let it come naturally. I have failed the eval many times before because I couldn't respect the max trailing stop losses. So if things keep the same, I'll probably pass and start my second phase in April. NO RUSH!

The bad news, I don't know why I keep "fucking" myself over, what is up with my smooth, pebble size brain. Honestly, how hard is it not to average down. I honestly didn't not expect myself to keep averaging down day in and day out. I even did it on SIM. Well, I'm not giving up on myself yet. I'm going to keep trying, fix this habit slowly.

Because I wasn't able to trade, I spent some time looking over my trading stats.

1) not cutting losers fast enough and or averaging down losers; trade MFE at 0 and MFA was like -$400.
2) letting green go to red. many trades were like this: trade would be green, MFE $1000 and it ended being a MFA -$800 trade ... lol wtf am I doing.
3) average MFE $238.


I need to have more B/E trades compared to losing trades. The more the better.

Anyone know how to limit contract size and have daily max drawdown on NT8 or RithmicPro? When I tried it, it didn't work, lol. I was able to continue buying more contracts.

Stay strong everyone, we are all almost there! Believe in yourselves!


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  #33 (permalink)
 benmarkal 
Corpus Christi Texas
 
Experience: None
Platform: NinjaTrader
Broker: NinjaTrader Bokerage
Trading: Currency, Futures
Posts: 6 since Sep 2016
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injpowwetrust View Post
03.17.2023 - Day 5 of 100 Day Challenged - N/A - no trades
03.20.2023 - Day 6 of 100 Day Challenged - N/A - no trades
03.21.2023 - Day 7 of 100 Day Challenged - SIM - 1 trade: average down.
03.22.2023 - Day 8 of 100 Day Challenged - FAILED - 2 trades: moved S/L, 1 trade: average down.
03.23.2023 - Day 9 of 100 Day Challenged - FAILED - 1 trade: average down.

Things have been crazy lately in IRL, shit the fan. I didn't trade Friday or Monday. Tuesday was sim.

So, good news, I survived the FOMC meeting. I was adding to my winners, and I was able to rake in some good gains. The bad thing though, is that I went a bit too crazy. At one point, I was a max size (30 ES). I need to lock down via ninjatrader or rithmic pro. This will bite me in the ass eventually. Currently as of today, I'm about +/- 3k away from passing the eval. I'm just going to take it slow and let it come naturally. I have failed the eval many times before because I couldn't respect the max trailing stop losses. So if things keep the same, I'll probably pass and start my second phase in April. NO RUSH!

The bad news, I don't know why I keep "fucking" myself over, what is up with my smooth, pebble size brain. Honestly, how hard is it not to average down. I honestly didn't not expect myself to keep averaging down day in and day out. I even did it on SIM. Well, I'm not giving up on myself yet. I'm going to keep trying, fix this habit slowly.

Because I wasn't able to trade, I spent some time looking over my trading stats.

1) not cutting losers fast enough and or averaging down losers; trade MFE at 0 and MFA was like -$400.
2) letting green go to red. many trades were like this: trade would be green, MFE $1000 and it ended being a MFA -$800 trade ... lol wtf am I doing.
3) average MFE $238.


I need to have more B/E trades compared to losing trades. The more the better.

Anyone know how to limit contract size and have daily max drawdown on NT8 or RithmicPro? When I tried it, it didn't work, lol. I was able to continue buying more contracts.

Stay strong everyone, we are all almost there! Believe in yourselves!

Search for Equity Guard NT8 Strategy and install it to help you manage # of contracts, daily drawdown and daily profit. I hope this helps you in your trading endeavor.

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  #34 (permalink)
 maxmeier 
Frankfurt
 
Experience: Advanced
Platform: NinjaTrader
Trading: FDAX
Posts: 13 since Dec 2015
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injpowwetrust View Post
03.17.2023 - Day 5 of 100 Day Challenged - N/A - no trades
03.20.2023 - Day 6 of 100 Day Challenged - N/A - no trades
03.21.2023 - Day 7 of 100 Day Challenged - SIM - 1 trade: average down.
03.22.2023 - Day 8 of 100 Day Challenged - FAILED - 2 trades: moved S/L, 1 trade: average down.
03.23.2023 - Day 9 of 100 Day Challenged - FAILED - 1 trade: average down.

Things have been crazy lately in IRL, shit the fan. I didn't trade Friday or Monday. Tuesday was sim.

So, good news, I survived the FOMC meeting. I was adding to my winners, and I was able to rake in some good gains. The bad thing though, is that I went a bit too crazy. At one point, I was a max size (30 ES). I need to lock down via ninjatrader or rithmic pro. This will bite me in the ass eventually. Currently as of today, I'm about +/- 3k away from passing the eval. I'm just going to take it slow and let it come naturally. I have failed the eval many times before because I couldn't respect the max trailing stop losses. So if things keep the same, I'll probably pass and start my second phase in April. NO RUSH!

The bad news, I don't know why I keep "fucking" myself over, what is up with my smooth, pebble size brain. Honestly, how hard is it not to average down. I honestly didn't not expect myself to keep averaging down day in and day out. I even did it on SIM. Well, I'm not giving up on myself yet. I'm going to keep trying, fix this habit slowly.

Because I wasn't able to trade, I spent some time looking over my trading stats.

1) not cutting losers fast enough and or averaging down losers; trade MFE at 0 and MFA was like -$400.
2) letting green go to red. many trades were like this: trade would be green, MFE $1000 and it ended being a MFA -$800 trade ... lol wtf am I doing.
3) average MFE $238.


I need to have more B/E trades compared to losing trades. The more the better.

Anyone know how to limit contract size and have daily max drawdown on NT8 or RithmicPro? When I tried it, it didn't work, lol. I was able to continue buying more contracts.

Stay strong everyone, we are all almost there! Believe in yourselves!

If you don't mind my frend.
Stay away from your trading desk before you read "Best Loser Wins by Tom Hougaard".
You have to have a clear trading plan before you start.
Otherwise you'll get used to nonsense that you'll never get out of your head.
Otherwise it's just gambling.
See this picture from Tom Hougaard.
And take this steps from this Video !!!
Hope this helps


grafik

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  #35 (permalink)
 
phantomtrader's Avatar
 phantomtrader 
Reno, Nevada
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
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Read through your thread. If I were in your shoes, I would trade the same size all the time and completely forget about adding to "winners". And trade small. Stop adding to "winners" because you don't know how far it's going to go (no one does). A few times you're right. Then one time you're wrong and it costs you the account.

Create a spreadsheet and list all your trades. Now cut the size in half and eliminate the "runners" where you added regardless the outcome.
Then do it in replay i.e. cut size in half, no runners, just trades with profit target and stop loss. Analyze the results. If you still are at risk of failure,
cut the size again all the way down to 1 lot if you have to. Calculate the worst possible scenario and take it seriously. Because that's exactly what's
going to happen over and over if you continue trade too much size. You simply can't get by the allowable drawdown.

The point is you need to have a trade size setup that survives the long term. What you're doing is destined to failure because you're trading too much size.
That's how they get you - they let you trade up to 15 lots (not sure Apex's size allocation), traders go for the gusto, and then bamm, they're out.

Trading smaller may take longer, but at least you would be more comfortable in a trade knowing that statistically, even if it's stopped, you're not out of the
ball game. Test it in replay. You might be surprised to see that it's the size you're trading that is the big problem.

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  #36 (permalink)
SunTrader
Boca Raton, FL
 
Posts: 252 since Nov 2018
Thanks Given: 78
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Bonem4nWalkin View Post
.... In addition to a superdom, if you are interested in looking at more orderflow type ideas, find a way to get NYSE TICK data. Look at it on a 5 second chart, line on close, not candlestick... I know it sounds like a crazy small time frame, but NYSE ^TICK is like watching the pulse of the stock market, it cant tell you everything, but used in conjunction with other inputs from your charts, it can show you in a narrow window when there could be a bounce or when a breakout might slow down, I feel like it has helped me stay out of getting into a trade and immediately within a tick moves against you huge.

Cumulative $TICK (red/blue line) with Momo histogram of the same:-

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  #37 (permalink)
 
mewddsltd's Avatar
 mewddsltd 
Anthem, AZ
 
Experience: Intermediate
Platform: NinjaTrader8
Trading: Futures
Posts: 192 since Aug 2020
Thanks Given: 40
Thanks Received: 338

found an indicator that will toggle 5 EMAs .. although some of the details differ, it seems your trading strategy is very typical ..

my 2 is .. if you look at the requirements .. APEX's $300K evaluation account is the hardest to trade/pass ..

from APEX's website >>

the $25K account .. has a $1500 profit target and limit of 4 contracts with a $1500 trailing threshold
the $50K account .. has a $3000 profit target and limit of 10 contracts with a $2500 trailing threshold
..
the $150K account .. has a $9000 profit target and limit of 17 contracts with a $5000 trailing threshold
the $300K account .. has a $20000 profit target and limit of 35 contracts with a $7500 trailing threshold

compared to the $50K account .. the $300K account .. which is 6X greater
.. has a profit target that is 6.3X greater
.. has a contract limit that is 3.5X greater
.. has a trailing threshold that is 3X greater

I did this for each of the APEX accounts .. in my opinion, the easiest APEX eval account to pass is probably the $25K account and the hardest to pass is probably the $300K

again, my opinion .. a trader would be better suited to use a trade copier and trade 6-$50K accounts to get 6-$2500 trailing thresholds .. or effectively, a $15000 trailing threshold ..

but in the end .. nothing beats a good strategy .. good money management .. and good discipline

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  #38 (permalink)
 
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 mewddsltd 
Anthem, AZ
 
Experience: Intermediate
Platform: NinjaTrader8
Trading: Futures
Posts: 192 since Aug 2020
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not withstanding my previous post .. I have seen trades placed that did not make any sense ..

there have been at least two instances where my market order trade was filled at a price that was not consistent where the price was at the time

there was an instance where my profit target was cancelled just before the price reached the profit target and then the price reversed .. so the trade ended as a loser ..

I'm not sure if this is something to do with APEX .. Rithmic .. or some aberrant trade that could be explained by Order Flow Volume Profile ..


WTF 23 01 29 ES 03-23


WTF 23 03 20 ES 06-23


WTF 23 01 26 ES order


WTF 23 01 26 ES trades

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  #39 (permalink)
kspreier
Twin Falls ID
 
Posts: 7 since Sep 2018
Thanks Given: 7
Thanks Received: 3

@mew
The PA accounts are demo accounts - so there's no real fill.
If your PA is being mirrored, then maybe the Help Desk would like to know so they can contact their broker if they want to.
It's not your money, so you have no recourse to get an order execution corrected.

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  #40 (permalink)
 
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 mewddsltd 
Anthem, AZ
 
Experience: Intermediate
Platform: NinjaTrader8
Trading: Futures
Posts: 192 since Aug 2020
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@kspreier

I get all that .. offered the examples to the OP so he/she checks the trades and makes sure the trades were what was expected ..

as far as my post .. I completely accept failure when it is something I did .. but these examples were two evaluation accounts that failed and one performance account failure .. for things that don't make any sense .. that is the frustrating part ..

and the learning part .. so I took it for what it was, made some adjustments and got better

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