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- Nsak3y replied 36 hr ago
-I have no opinion about him, personally. I can speak only about what I can discern for myself while speculating about possibilities.
- Nsak3y replied 37 hr ago
-I have not seen many of his videos, but all of the trading that I saw involved micro-scalping. Someone pointed out to me what he was doing to generate the bulk of his profits, which involved a prohibited strategy. If true, then I suspect that all ...
- Nsak3y replied 42 hr ago
-Certainly, one must put in the work in order to improve, which will always be a matter of choice. Although, I do believe that having proper guidance (either by way of self-election or through forced measures), can help to expedite and elevate one's ...
- Nsak3y replied 44 hr ago
-Do you believe that the stricter rules on PA serve to push more traders to live or trip up more traders for fees (or both)? Sincere question, because we know that the fees are crucial, but we also know that making better traders may not benefit ...
- Nsak3y replied 46 hr ago
-This is my theory as well; discretionary enforcement of the rules (when it best suits them).
- Nsak3y replied May 19, 2024
-If I had to guess, you are probably right about youtubers (and other traders). Probably, Apex put the hammer down, which caused an uproar of complaints and confusion, ultimately leading to Apex having to clarify the rules. -Which is not surprising, ...
- Nsak3y replied May 18, 2024
-I'm not sure. These are preexisting rules that have likely not been heavily-enforced up to this point. Which begs the question about what their plans might be going forward. I have to wonder about the wisdom of enforcing such rules, given the ...
- Nsak3y replied May 16, 2024
-Same. Unless I am scalping, I expect that small retracements may occur before moving in the intended direction, and this allows me to obtain better entries while reducing slippage. I have found that flexibility in trading is better than keeping ...
- Nsak3y replied May 15, 2024
-No problem. And I appreciate you saying that. I am grateful for the opportunities that traders currently have. In my opinion, there has never been a better time in history to be a trader. That being said, I am realistic about what these firms ...
- Nsak3y replied May 15, 2024
- I do not feel entitled in any way. I am simply discussing what I see is the possible problem and how to circumvent that problem so that firms can remain operational. My opinion regarding what should constitute trading is just that ...
- Nsak3y replied May 15, 2024
-Yes. When you rein in traders by forcing them to exhibit good trading practices, what you eventually end up with are better traders. Given the current model, the final product is likely not something that can be reliably A-booked, either. Bad ...
- Nsak3y replied May 15, 2024
-Commonsense should dictate here. Given the nature of the prop, we must assume that such rules are designed to prevent traders from being profitable, not to prevent traders from losing virtual funds. They can try to package it however they like, but ...
- Nsak3y replied May 15, 2024
-Has nothing to do with that. I have explained already. Fortunately, with APEX, it is not a necessary thing.
- Nsak3y replied May 15, 2024
-It is a silly rule, in my opinion. I can understand it for the reasoning that you described (adding to losing trades), but this rule should not apply for entries. If they revised the rule to only apply for subsequent trades that take place after 1M ...
- Nsak3y replied May 15, 2024
-I am not talking about that. I am talking about breaking positions up into smaller sizes. There should be nothing wrong with that.
- Nsak3y replied May 15, 2024
-I agree with most of these rules, but I do not understand why firms prohibit DCA. Maybe someone can explain. Being able to break trades up into smaller position sizes is a necessary part of trading. I do it to mitigate slippage and maintain ...
- Nsak3y replied May 14, 2024
-With profit caps, you would also need to reset account balances, while still keeping the 10-day minimum trading days between each payout. Given the nature of the model, nothing will be foolproof until/unless these firms can find reliable ways to ...
- Nsak3y replied May 14, 2024
-If true, one would think that they would make obvious adjustments to avoid insolvency. Maintaining profit caps across the board would be a good start. Allowing traders to pull >100k/month just seems unnecessary and borderline reckless. Personally, ...
- Nsak3y replied May 13, 2024
-One would hope so, but I cannot help but wonder how much they decided to pocket for themselves before actually pulling the plug.
- Nsak3y replied May 7, 2024
-Agreed. Perhaps it would not be fully possible to put a cap on competitors in a free market, without government intervention, but at least significantly raising the bar would help to ensure that the opportunity lasts longer.