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just passed the Apex Trader Funding 150k account evaluation. it took me 10+ tries but it's really worth it, because I've learnt so much along the way. I still can't say that I'll definitely be making loads of cash left and right from now on, but for the first time in my life, I'm 100% sure that I can make it as a consistent trader.
I've been live streaming this latest evaluation everyday. here is the link to my channel: [yt]https://www.youtube.com/@iTradeFutures/streams[/yt]
there are also live streams from my earlier failed attempts, very painful to watch, but I keep them there to remind myself not to repeat the same mistakes.
several of my failed attempts were the result of trying to trade the news, or forgetting that there was economic data next minute. but mostly it was due to failure of controlling risk. this is the battle I'm trying to win every day.
my trading strategy is simple, if it looks like the market is going up, I buy, and when it looks like the market is going down, I sell, while trying to stick to the following 3 principles at all times.
1. add to winners
2. cut losers short
3. hold on to winners
imo, no.3 is hardest principle to get a grasp on. I knew that it could greatly increase my profitability, but still i'm having difficulty utilizing it in my trading.
anyway I still have 3 more evaluations (Apex.19.20.21) to pass, while waiting for APEX to send me PA agreements. I'll continue to live stream everyday and hopefully you won't see me blow up any time soon, and even if I did, rest assured I'll come back again ;-).
I've live-streamed 19 trading days in my funded account, and I'm about to reach the $5000 profit goal so that it stops the intraday-trailing of my real-time drawdown.
I've reduced my starter size to the minimum of 1 micro-lot. this makes my trading feels much more relaxed because it takes a real disaster for me to blow my account now.
I've started another 2 APEX evaluation trading accounts. they are all on micro-lots and I manage them via Sierrachart's trade allocation.
my goal is to accumulate about 10 accounts by the end of 2023.
I haven't done any withdrawal yet. my plan is to keep a minimum $5000 profit in each account, and withdraw every surplus $5000.
here are my stats so far, I don't really care about my stats but I was shocked to see that I've paid almost $1500 in commission.
32 trading days and I'm still live, and streaming everyday. I've put in my first withdrawal request, pending approval now.
meanwhile I'm continuing to try to get more funded accounts. I've failed a couple so far, because my strategy is to trade the evaluation accounts with 5-10 times my standard risk. my strategy relies on market momentum, and the market hasn't been very momentous for the last few weeks.
MNQ is becoming my favorite symbol to trade, but it's so expensive compared to NQ, my goal is to be able to trade 1 NQ contract as starter position one day.
I've been live-streaming my APEX 150k funded account for 2 months now. 41 days of live trading, only 1 red day of about $2.
I've just received my first withdrawal from APEX, I'm still trying to get more accounts funded.
I've learnt a lot from trading live, and the hard fact that, no matter how much you've traded, there are still days where survival demands not just knowledge and skill, but also faith.
my last trading day 3/29 was such an example, no matter which direction I took, it always turned out to be wrong, or too late. I was slowly bleeding out and the only thing I could do was to keep my losses small. and I survived by repeating to myself, " the market will provide" :-).
here is my account summary and some awful trading stats. ignore the large drawdown shown in the chart, it was the amount of my withdrawal.
Awesome, great job! I'm still trying to pass mine, almost there. Good Luck, looking forward to seeing your second withdraw update!
3/29 was rough, I'm still struggling with those types of days. I would blow up my accounts on those days. You held through and killed it at the end of your day 40! I need to take a page from you on that!
