My Trading Diary with Apex Trader Funding - futures io
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My Trading Diary with Apex Trader Funding


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My Trading Diary with Apex Trader Funding

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  #11 (permalink)
tradersn221
Paris France
 
 
Posts: 21 since May 2022
Thanks: 5 given, 10 received

Resultats of 01/27/2023 with the apex trader funding 50K account.
Profit: +154$

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  #12 (permalink)
 tr8d3r 
Sydney+Australia
 
Experience: Beginner
Platform: NinjaTrader
Trading: futures
 
Posts: 53 since Feb 2014
Thanks: 62 given, 93 received

@tradersn221 I've been following your journal. I've been funded with apex 4 times myself.
I hope that you are ok with a small suggestion.
Based on my understanding you are trying to qualify for 50K account. The risk on that account is $2.5K.
When I look at your stats, I noticed that you have very large drawdowns. Most of them over 1K.
It is very dangerous way to trade this online prop shop because you only giving yourself 2 trades before your account will be gone.

It also tells me that your entry is a bit off.

The goal should be reduce your Draw Down and Increase the profit.

If you scroll down to the the statistical page you post it will see the MAE and MFE stats. These are the most critical one you need to pay attention to.

MAE - shows how many ticks market went against you & MFE - shows how many ticks it went in your favour.

This is basically your Risk:Reward.

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  #13 (permalink)
tradersn221
Paris France
 
 
Posts: 21 since May 2022
Thanks: 5 given, 10 received


Resultats of 01/30/2023 with the apex trader funding 50K account.
Loss: -82$

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  #14 (permalink)
tradersn221
Paris France
 
 
Posts: 21 since May 2022
Thanks: 5 given, 10 received

I use a market neutral strategy, for the moment I am positive but today I was on the verge of losing the account because of the policy of their DD. I think I have to move towards a Prop firm more suitable for this strategy.
I am studying the different firm props listed here https://trader-fund.com/


tr8d3r View Post
@tradersn221 I've been following your journal. I've been funded with apex 4 times myself.
I hope that you are ok with a small suggestion.
Based on my understanding you are trying to qualify for 50K account. The risk on that account is $2.5K.
When I look at your stats, I noticed that you have very large drawdowns. Most of them over 1K.
It is very dangerous way to trade this online prop shop because you only giving yourself 2 trades before your account will be gone.

It also tells me that your entry is a bit off.

The goal should be reduce your Draw Down and Increase the profit.

If you scroll down to the the statistical page you post it will see the MAE and MFE stats. These are the most critical one you need to pay attention to.

MAE - shows how many ticks market went against you & MFE - shows how many ticks it went in your favour.

This is basically your Risk:Reward.


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  #15 (permalink)
tradersn221
Paris France
 
 
Posts: 21 since May 2022
Thanks: 5 given, 10 received

Resultats of 01/31/2023 with the apex trader funding 50K account.
Profit: 13$

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  #16 (permalink)
tradersn221
Paris France
 
 
Posts: 21 since May 2022
Thanks: 5 given, 10 received

Resultats of 02/01/2023 with the apex trader funding 50K account.
Profit: 192$


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  #17 (permalink)
 tr8d3r 
Sydney+Australia
 
Experience: Beginner
Platform: NinjaTrader
Trading: futures
 
Posts: 53 since Feb 2014
Thanks: 62 given, 93 received

Nice Work. Today's stats looks good.

Keep going like that.

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  #18 (permalink)
tradersn221
Paris France
 
 
Posts: 21 since May 2022
Thanks: 5 given, 10 received

Resultats of 02/02/2023 with the apex trader funding 50K account.
Loss: -13$

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  #19 (permalink)
tradersn221
Paris France
 
 
Posts: 21 since May 2022
Thanks: 5 given, 10 received

Resultats of 02/06/2023 with the apex trader funding 50K account.
Profit: 35$

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  #20 (permalink)
Rolex888
San Francisco, CA
 
 
Posts: 1 since Nov 2022
Thanks: 1 given, 1 received


I think that is the wrong answer. You should listen to his advice because he is letting you know that you need to work on your entries and your Risk to Reward ratio.

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