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Apex gives you 20 funded accounts for you mainly to spread your risk across them.
for eg: 1 NQ => for $500 risk, you can mainly survive for only 5 days if consecutive loss every day. because $2500 is ur trailing threshold.
So, I want to use 20 max accounts once funded, my PA Strategy would differ.
i will ONLY trade MNQ in PA account, so less risk. since i spread my risk across 20 accounts, eventually i dont have to trade more than 2 MNQ a day .
if i am successful, getting the PA Account:
First i reach my initial account balance slowly to $52,600.
Benefits is on Payout from all 20 accounts:
1. aim for $50 a day using only 2 MNQ .
2. after 10 trading days => I will be reaching $500 profit in each account. and I can request 20 * $500 = $1000 as payout request.
This way, i will still have huge buffer i have built, without disturbing the cushion, at the same time , i would be able to request $1000.
What if i go with ONLY ONE PA account:
Simple answer. i will try to aim for $100 each day, and aim for 10 trading days. then i withdraw $1000 . but my account would go down $1000, leaving less cushion. thats also ok, but i will be under stress to be more careful everyday, so i wont hit my minimum account balance.
hope it makes sense. again, i said debatable, because, some people say, you dont need 20 accounts to make $1000. Remember i just said the minimum possible outcome, but max possibility is HUGE.
Progress: 4 apex passed, 16 apex in progress. and 1 bulenox failed.
Avg gain: +$750
What happened today:
Omg, what a day again. Morning today I saw lot of CHOPS, you can clearly see mrng the market candles went Up to midnight open, then down, then up then down.
So i decided to play only MNQ today until i see market is in one direction.
Morning chart (MNQ play) : Only 2 MNQ to 5 MNQ max.
Below chart, how i played MNQ, it is self explanatory , as i put all info in the chart.
Afternoon Session: Once i see A+ Setup after 1.30 PM EST, i traded today NQ.
Then the nice super bullish trend once it breaks ORB (15Min) white dotted line, see below.
Accounts Stat : Apex Eval: 4 Passed today, 16 in progress
Bulenox Eval: Today mrng i tried NQ with chop mode, so i lost, never touch that anymore.
Daily Profit/Loss:
Today avg gain : +$750, max gain +$950
Daily Accounts Progress:
If i continue like this, when i finish my goal for $53000
First in the morning, i passed all accounts, and never touched today until 4 PM EST
in 4 PM EST, i want to just flip one MNQ, for $1 loss, turned out to be worst hit on the button, as size went huge, i did 10 mnq then added 10 mnq... and i could not manage it.
So accepted $500 loss unnecessarily.
Account Stats: I thought today i am done with all the accounts, but it seems my journey continues.
Daily Profit/Loss: Today -$500 , very bad, i will re-work on this analysis later.
Yes I consider this as big warning for my way of trading in particularly how I react to the losses !!
This is going to give me a chance to analyze again and next 15 days going g to be super challenging
And I will be more cautious
When winning continuesly you can always play fearless trades but once you get into losses, next few trades will be super fearful eventhough a+ setup is found
Every day is UNIQUE day in trading stock market, or FUTURES trading.
Today i have started my day with 20 apex evals, as you knew all of them i lost $500 to $900 , so today i decided to go slow.
I initially tested with MNQ, after 11 AM , market was nicely turning bullish, and i got tempted to trade NQ.
Guess what !!! i traded NQ, eventually it went good, but the ending was not that great.
I passed 10 APEX Eval today, but in this NQ strategy, below, you can see, i lost when the market suddenly turned bearish in uptrend channel. thats when i got confused, and turned into SHORT to recover the 10 apex, but i ended up losing 10 evals today.
Where i lost my mind: see below chart: 11:50 AM EST, i though market is short but i am totally lost, i forgot to think , we are in uptrend overall
Account performance : Feb 12 2024 : It took 6 days for me, to reach $3000 profit goal, originally i aimed though 15 days. So i would say , i definitely went beyond the discipline trading. This is NOT going to help my PA Account in near future.
This tells me, i have to practice $200 a day, to keep me surviving in PA for longer time, atleast 30 days.
let me celebrate the moments, passed 10 APEX Evals, but last date of all these evals is March 05, 2024. So i am not going to rush to apply for PA Account.
Today: +$900
I clearly noticed, those i struggled on friday, accepted huge loss on friday, those were the one, it got punished today.
Daily Profit/Loss Chart:
How i performed my APEX 50K Account ?
Original Target date: 2/20
Achieved : 2/12
Total days it took: 6 days instead 12 days.
Overall Account Stats:
I am sharing my transparency here, just want to show friends/traders here, all big losses start from SMALLEST mistake you make, it could be oversize, or not cutting losses when it was $200. fyi. all these failed ones, were actually reached target, just one mistake i screwed my trades. then panic/aggressive to recover, these things spoiled my basket.
Anyway, I am going to take fresh 10 APEX Evals sooner than later, and will see if i can follow the DISCIPLINE next 30 days for new apex 10 evals i am going to work on.
Hope my mistakes help someone in this trading group to correct their path towards the success in trading futures.....
Thanks for reading till here....
From next post: My focus is to groom next 10 APEX Eval, and 2 PA Bulenox accounts.
Note: I took 150K with takeprofittrader (TPT), if u see above.
Bulenox => 2 PA Accounts started today, with lifetime license fee paid (Each $149 , for 50K Account)
I need to remind myself, that i dont have to rush to earn profit every day. It is ok to get whatever comes on my way.
Traded only MNQ today on PA Account.
As i said, PA Account rules are :
1) no overnight trading
2) ONLY mes or mnq trading. strictly No ES, No NQ, and no CL.
3) Always start with 1 MNQ , max upto 5 mnq. not more than that.
4) Once reach $200 loss, stop for the day. come back tomm.
5) only trade in directional trades.
6) only one or two trades a day. whatever comes on my way, i will take it.
Today: Traded 2 trades, locked NET profit +$110 , after commission.
Whats my Bulenox PA Account Performance ? Whats my CONSISTENCY %:
At any point of time, i can not exceed 30% of total profit, as ONE DAY's best profit.
For Bulenox PA: What are my daily plan ? When i would reach my target if i aim for $100 a day ?
My target : $5000 profit
My daily goal: $100/ a day
from below info, i would reach by 4/29/2024.
How i did perform today on my PA Account (Bulenox) :
Status : Goal Met
Bulenox PA Account daily Profit/Loss
It is long process, as you see above, $100 to $200 i will aim, but it is going to be my big challenge on following DISCIPLINE. stay blessed everyone !!!
