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- Nsak3y replied 24 hr ago
-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 39 hr ago
-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 39 hr ago
- 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 42 hr ago
-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 44 hr ago
-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.
- Nsak3y replied May 7, 2024
-Objectively speaking, I do think that the Apex model is much better than what these FX props are doing. However, I also think that the Apex model can (and should) be improved on. Having profit-caps is key (along with minimum trading days between ...
- Nsak3y replied May 5, 2024
-We are in agreement here. But I believe that the original conversation was about people cheating, specifically. This is in accordance with Takisd's previous comments. Perhaps I am wrong about what he was specifically referring to. Either way, I do ...
- Nsak3y replied May 5, 2024
-People win all of the time. Winning consistently is a different matter. -But we are literally talking about people that are cheating, not just gaming the system using statistically favorable outcomes.
- Nsak3y replied May 5, 2024
-Their activity creates additional risk for the firm, which could ultimately lead to the program ending, which would hurt everyone, all without the actual skill of trading. They are cheating their way through it, contrary to honest traders. If ...
- Nsak3y replied May 4, 2024
-I'm not sure what can be done about traders that exploit latency issues, other than ensuring that your feed has no delays. Assuming that I am understanding your meaning about that. I suppose that one way to mitigate hedgers and the like would be to ...
- Nsak3y replied May 4, 2024
-Probably, not much you can do except to wait. Perhaps they are having insolvency issues and actually need more time to recuperate. Before blasting them all over social media (which will probably be your only recourse), I would first look to see if ...
- Nsak3y replied May 4, 2024
-From a trader's perspective, perhaps it would be prudent to choose a prop that we know is employing proper measures to safe-guard against such cheaters. But how to do that without them disclosing their methods and allowing cheaters to gain an ...