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Search: Posts Made By: Howard Roark
Forum: Trading Reviews and Vendors March 22nd, 2022, 11:43 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
Yeah. The one thing to keep in mind is that...

Yeah. The one thing to keep in mind is that you're never really "funded".

There are no 50,100,150 or 300K accounts. Just margin and that's margin you usually have to earn yourself. As soon as you...
Forum: Trading Reviews and Vendors March 8th, 2022, 07:21 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
Congratulations. :) My example was a...

Congratulations. :)



My example was a bit extreme, but not too far off from reality assuming a string of trades where you give back unrealized profits. There could be a price spike that...
Forum: Trading Reviews and Vendors March 8th, 2022, 05:00 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
You're aware that it's a trailing drawdown on...

You're aware that it's a trailing drawdown on unrealized profits, right?

What this means is that you can fail a Combine with your account being positive and even with a 100 % win rate.

Let's...
Forum: Trading Reviews and Vendors January 24th, 2022, 04:13 PM
Replies: 295
Views: 119,638
Posted By Howard Roark
80/20 is what they promote on their website at...

80/20 is what they promote on their website at least.

Are you still trading with them?



Good points. I'm done looking, though. I still think my criticism of Apex is valid. E2T is a different...
Forum: Trading Reviews and Vendors January 23rd, 2022, 09:44 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
Maybe you're right. I'm trading my own...

Maybe you're right.

I'm trading my own account now, though. From my perspective, E2T is the only viable option right now. If at some point I were to try again with any firm it would be them....
Forum: Trading Reviews and Vendors January 8th, 2022, 06:54 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
Just for illustration - this shows the stupidity...

Just for illustration - this shows the stupidity of the trailing drawdown rule Apex and LeeLoo use:

Let's say you're up $15K after 10 days of consistent and successful trading. Let's say your win...
Forum: Trading Reviews and Vendors January 8th, 2022, 06:47 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
Are you dense? The trailing drawdown does...

Are you dense?

The trailing drawdown does NOT stop trailing with a simulated account. This only applies to live accounts.

The same thing happened with phantomtrader as explained here:...
Forum: Trading Reviews and Vendors October 15th, 2021, 04:05 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
No worries. I had 3 days left of the...

No worries.

I had 3 days left of the evaluation, so I could easily have accepted that loss and not doubled down on that last trade. I think I just became extra careless after having learned that...
Forum: Trading Reviews and Vendors October 15th, 2021, 04:02 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
Thanks for the good words, Bob. Regarding...

Thanks for the good words, Bob.

Regarding change in method - my main method up until now have not been scalping, but attempting to capture larger swings intraday. This means I can at times...
Forum: Trading Reviews and Vendors October 14th, 2021, 04:00 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
For transparency - I blew my evaluation account...

For transparency - I blew my evaluation account with Apex on Tuesday.

I actually hit my target on Tuesday with $9500 in my account after 7 trading days. At that point I had zero losing days and...
Forum: Trading Reviews and Vendors October 13th, 2021, 07:03 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
They launched one month ago. If you reviewed...

They launched one month ago.

If you reviewed the pay-out structure I wrote about earlier in the thread the answer is NO.

Considering the pay-out structure I'd say it's very risky to invest...
Forum: Trading Reviews and Vendors October 10th, 2021, 01:01 PM
Replies: 295
Views: 119,638
Posted By Howard Roark
As many as account as you want = more...

As many as account as you want = more subscription fees. They said this to me as well. No thanks.

To be honest, the more I've looked into and considered these programs it's very clear to me that...
Forum: Trading Reviews and Vendors October 10th, 2021, 12:57 PM
Replies: 295
Views: 119,638
Posted By Howard Roark
I hope and think you'll get paid. They just don't...

I hope and think you'll get paid. They just don't seem to make it easy for traders.

The reason I brought it up is because most of my trades with this trading style due to the trailing drawdown are...
Forum: Trading Reviews and Vendors October 9th, 2021, 05:50 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
I understand that. I'm not yet funded with...

I understand that.

I'm not yet funded with Apex, but made 7K of the total 9K required this week already, so I assume I should be by next week unless I mess something up.

I will probably just...
Forum: Trading Reviews and Vendors October 8th, 2021, 08:46 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
I don't mind once per month. That's...

I don't mind once per month. That's understandable.

But 5 months to pay out $10K and 6 months to pay out the excess above $10K is not exactly a positive in my book.
Forum: Trading Reviews and Vendors October 8th, 2021, 08:07 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
I talked to support and they confirmed my...

I talked to support and they confirmed my suspicions.

If I make $10K in October, I won't be eligible for the first payout of $2750 until end of November at best (need to have 25 trading days...
Forum: Trading Reviews and Vendors October 8th, 2021, 07:55 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
That wouldn't be a surprise. The rules are very...

That wouldn't be a surprise. The rules are very similar.

But if I understood you correctly in the other thread you was fairly happy with LeeLoo? They have the same payout structure?
Forum: Trading Reviews and Vendors October 8th, 2021, 05:04 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
Okay, so I'm progressing nicely one this Combine...

Okay, so I'm progressing nicely one this Combine and thinking all is good, but now I read the pay-out rules which are quite terrible if I understand them correctly.

They say that the first $10K...
Forum: Trading Reviews and Vendors October 4th, 2021, 04:21 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
From what I've understood 'Sim live' is simply a...

From what I've understood 'Sim live' is simply a simulated account where your orders do not go to the market, but you're still paid on your simulator performance.

'Copy trade' is also still a...
Forum: Trading Reviews and Vendors October 3rd, 2021, 03:29 PM
Replies: 295
Views: 119,638
Posted By Howard Roark
I signed up after reading a favourable review on...

I signed up after reading a favourable review on some other site. To be honest - I still feel mostly negative about these firms, but at $208 for a try-out with the current discount, it's less than I...
Forum: Trading Reviews and Vendors October 3rd, 2021, 05:20 AM
Replies: 295
Views: 119,638
Posted By Howard Roark
I don't know about Apex, but many of these...

I don't know about Apex, but many of these companies don't have you trading a live account initially even after you're "funded". Here's what LeeLoo says:
...
Forum: Trading Reviews and Vendors October 2nd, 2021, 04:12 PM
Replies: 295
Views: 119,638
Posted By Howard Roark
Yeah. That was quite the essay. Some paragraphs...

Yeah. That was quite the essay. Some paragraphs would have made that easier to read. :)

Considering the trailing drawdown on unrealized profits - what would you say is the biggest difference...
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