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@kulumoyo58219 ай бұрын
Patrick, you have to agreed that the "live trailing drawdown" is Apex's money maker. Why not move to end of day trailing drawdown? They won't change it because that's how they make most of their money. You know that 100%!
@t.1000.9 ай бұрын
Who cares, just deal with it or use a diff firm. Simple
@Cuirenteria9 ай бұрын
TBH the reason I have lost 2 apex challenge was because of being tilt, not because of the trailing drawdown.
@dbbattle9 ай бұрын
Why use them if you an trade with other firms that don't house that. Yes, it's cheaper but you get what you pay for.
@rafaelrivera64459 ай бұрын
I agree! Change it to EOD.
@DamonElena-s5b9 ай бұрын
This is the problem with getting paid as an affiliate/shill. The money supercedes the truth
@rafaelrivera64459 ай бұрын
Patrick... I was going to purchase 10 Apex evaluation account this week, but after analyzing the trailing drawdown, NO WAY! for the moment I will continue using other prop firms until they change it to EOD (End Of Day). This is a Big issues for a lot of people. I hope Apex listens.
@creativemanifestation82959 ай бұрын
May I ask whose better?
@Sk-bo1gm4 ай бұрын
Fuck apex
@Sk-bo1gm4 ай бұрын
Top step is EOD best
@jaejaealaska9 ай бұрын
You have to use small size and grow the account slowly. I now have 5 funded accounts with Apex. It has made me a better trader focusing on the trade and not how much I made on each trade. Slow and steady wins the race.
@NewCreditLife9 ай бұрын
Do you trade micros
@Solapprentis9 ай бұрын
What is your contract size you use ? For mini and micro ?
@jaejaealaska8 ай бұрын
@@NewCreditLife I only trade Nasdaq Mini
@jaejaealaska8 ай бұрын
@@Solapprentis I trade with one contract. I will sometimes add a second depending on the trade. I do not trade Micros
@KayvanChan9 ай бұрын
The only thing that i got with Apex with the trailing drawdown was fear of letting my trades run. Trading is a bussiness on which one is in figth with oneself, there is no logic as a trader to fear let the trade run to objectives. The trailing drawdown kills your hability to be a good trader. Different thing is this 20 accounts thing, where one is NOT a trader, is a shooting 5 points gambler that gets goods payouts because of that 20 multiplication thing. Best wishes!!😊
@emililiev16219 ай бұрын
I can see your point. Kinda you’re right, but I’ll be more happy not to be a good trader and get $100 x 20 account on a daily basis and be able to afford a bit better quality of life. No offence to you at all!
@YouAREyoubeYou9 ай бұрын
Agree
@KayvanChan9 ай бұрын
Yes, you are totally right. My point was in the way to be a good trader, not that is bad the 20 accounts thing 😊
@rafaelrivera64459 ай бұрын
I agree! Apex should change it to EOD.
@patrickhenry74169 ай бұрын
@@rafaelrivera6445 theyd go bankrupt probs lol
@OpenRehearsal9 ай бұрын
It definitely suits me well as a scalper, taking small profits, and moving to break even quickly after the trade goes my way. I scratch a lot but also take a lot of trades.
@LolaizaJazzmine6 ай бұрын
Whats the minimum ticks. We are allowed scalp???
@danielnegusse654425 күн бұрын
the best explanation of this issue ever. thanks bro.
@traderfutures-bu4kz9 ай бұрын
forces you to be better, more selective, only trade your setups, great video Pat, congrats on the new Juice
@TradesbyNao9 ай бұрын
💯 correct.
@rafaelrivera64459 ай бұрын
Day trading already has many challenges, why make it worst? They should change it to EOD.
@neverevenheardofit9 ай бұрын
actually doesn't. Even a perfect setup, I can guarantee you there are pullback points you did not expect. If you are that prophetic that you know that a trade you put on will go directly to your Take Profit, then you are a trading genius. [this is from someone who has received payout on my first Apex accounts]. I mean are you really going to tell someone who holds positions for hours what you just said? or a swing trader? What the firm encourages through this trailing drawdown is scalpers.
@15509020sl8 ай бұрын
No, forces you to take profit
@hamiltonarmando9 ай бұрын
Is there a way to see trailing drawdown or something we have to visualize ourselves ?
@YouAREyoubeYou9 ай бұрын
It requires one to be disciplined and focus on only A+ setup
@pioneer240.7 ай бұрын
If it touches my trailing threshold do i get an email saying i failed ?
@mrpuff93218 ай бұрын
Does it reset every time you take a trade ?
@malcomshadrack70809 ай бұрын
Goodday patrick , how many full contracts do you use in the 50k Accounts. thank you
@aFriCan_BoiАй бұрын
Thanks for the explanation Pat. That was better than how Apex explains it...
@ReckLesS4469 ай бұрын
The drawdown is only when you’re in a trade right? Then it’s based off your PNL?
@silverfox4019 ай бұрын
It’s better than passing a combine with 5 cons and then get a XFA where now you can only trade 2 cons make it hard to make money and they know in time you will blow it because 2 cons is hard to make a good buffer
@TheBoolishCitizen9 ай бұрын
Trading 2 cons on NQ you can make good buffer if you the trade goes your way
@themadscalper84519 ай бұрын
trading 5 cons on a new 50k funded account prob isnt to smart anyway lol
@silverfox4019 ай бұрын
You been watching to much Topstep tv if your a new trader then don’t do that but you do you
@Harkz0r9 ай бұрын
I mean I have had more success in a 150k trading fewer contracts, not more. Minis are a lot of leverage by themselves, if you don't get a perfect entry you can screw yourself before it makes a bigger move the way you expect. Trading with huge size can pass quick but I have paid for more resets that way lol.
@silverfox4019 ай бұрын
@@Harkz0rI totally agree I was just making a point . That the combine you can use 5 Minnis if you want so the Pa should be the same . Cutting it down to 2 Minnis is by design the longer your in a Pa the better chance that you bust. Some people trade heavy and that’s cool to just have to be good at risk management . We all blow accounts I have anyway lol
@NasdaqDiscussionCommunit-sr6ju9 ай бұрын
Great video thanks. Can you also make a video with the entries how to work it when it goes up or when it goes down? How many points loses before close the trade so the drawdown doesn't get hit in a reversal market trade
@Tomas-q9b7p9 ай бұрын
This gonna be my challange after passing the 50k combine today.. it'd like 2 things go against you.. the trailing, plus your losses.. so it would be smart to go hard where your at 4k on first day if possible
@protivationsrtcartel23609 ай бұрын
it's not a scam. It requires you to manage that account properly in my opinion
@Easymadeit8 ай бұрын
Hey! Quick question, the trailing drawdown doesn’t restart after getting a payout right? It stays at a normal drawdown correct?
@prabhsingh51853 ай бұрын
can we still trade with multiple accounts or not ?
@brolennial63899 ай бұрын
People don't understand that this drawdown teaches you to take profits and quit trying to make profit and stop loss ratios work for you. I've never understood why people are so stuck on profit and loss ratios. It kills traders because that's not how markets work. Trade what's in front of you!!
@villager9337 ай бұрын
PL Ratios do work. You can't argue with the math (stats) unfortunately
@samuelbrown332627 күн бұрын
it’s still trading but based off maths including technicals which make it more mechanical and allows it to feel less like gambling. Apex does trailing dd to line their pockets as it way more complicated for traders than even trading on a live account.
@tronghungdao2519 ай бұрын
What's broker do you use for level 2 before funding. Keep it's up 👌👍👏🎉🎉🎉
@Intellistan6 ай бұрын
So how do you get from 50k to 50,100 without taking a drawdown? What's the limit of drawdown before you reach the 50,100 limit?
@GBktradingint3 ай бұрын
Thanks for this video!
@enter_future8 ай бұрын
Love the video!! My only question to you is when using using tradeovate or any other platform, is there no way to view what drawdown your currently at ?? Or do you do your own calculations. Thanks!
@anastaciagk7 ай бұрын
On a 50k account does that mean the balance can never go below $47,500 or the account is blown?
@TRADERGENERATIONX7 ай бұрын
47,500 you lose the account
@emilabello18778 ай бұрын
what do you mean by taking profit
@cleverjay5929 ай бұрын
Trailing drawdown is just stressful and not proper and fair trading conditions.. makes it into a game.. youre gunna always be on the edge about any movement in price. Yes its bad. EOD is king
@ralph35389 ай бұрын
If topstep let you copy trade up to 20 then Apex would lose half their customers lol 💯. That topstep drawdown is where it’s at but I use Apex due to copy trading
@damianlitman75976 ай бұрын
What is the point of having 15 or 20 k of cash in a funding account? Is it better to transfer that money to a normal account with a broker and I don't have to share the profits or not?
@Sherivny9 ай бұрын
Do you teach your strategy, sir?
@MrTacticalReviews9 ай бұрын
Great Video Patrick!
@TonyC-pq7bp9 ай бұрын
Trade with your own money. Fack everything else.
@IdeaFactree859 ай бұрын
Even the guys that own prop firms use other prop firms... no one trades their own dough anymore.
@voltage36929 ай бұрын
@IdeaFactree85 you think they are going to take profit splits from themselves? And most owner dont even trade
@_Iamdmoney9 ай бұрын
@@IdeaFactree85 That's the biggest cap I've ever heard
@IdeaFactree859 ай бұрын
@@voltage3692 Okay let me rephrase the three Futures prop firms I've traded with which are the three most affordable ones the CEOs of all three of those do trade and they absolutely trade prop firm accounts for other prop firms
@Tradehours3 ай бұрын
Anyone that thinks this trailing draw down is and issue is an idiot, if you got for 200-400 a day u won’t be anyway near it!!
@LittleBullseye9 ай бұрын
The trailing threshold was brutal at first. However it has made me very consistent and profitable. I dont mind it at all.
@Merlin0009 ай бұрын
This is a fking great video Patrick! Thx brother
@rishabhp17625 ай бұрын
If my trailing drawdown is $2000 If i get stopped out on a break even and lost 500 un realised profits will the trailing drawdown rest forever be 1500 or will it reset to 2000 ?
@PatrickWieland5 ай бұрын
$1500
@olb1497 ай бұрын
Not on Tradovate accounts trailing drawdown never stops ,
@dillonhudgins97199 ай бұрын
If you can’t handle a trailing drawdown you shouldn’t be trading. Once you build a buffer on your funded account that drawdown no longer matters
@RyanFuson-b7o8 ай бұрын
Awful take. Drawdown should never trail unrealized gains. That is a terrible feature.
@shiktabanik18048 ай бұрын
Only saitan can introduce these kinds of features, ridiculous
@arnoldsujankatru96679 ай бұрын
If you can't pass the trailing draw down you are not a profitable trader. Period
@alehax273 ай бұрын
price action rarely ever moves smoothly in one direction. that's the problem
@sandysandeepful9 ай бұрын
These firms are designed for scalpers and not people looking for good setups to hold for a few days or even few hours.
@sergiomejia76339 ай бұрын
Where’s the 50 percent reset
@noone-i89 ай бұрын
Na bro, other companies offer the same as apex and they don't have that. If apex removed that, it would be the best.
@333PortalMarketing7 ай бұрын
What companies specific???
@SoyWilox5 ай бұрын
Wich company?
@JOEGEBALSEIRO13 ай бұрын
Greed is terrible for trailing drawdowns-Take profit and regroup- repeat 👍
@JK_Niche_Channel9 ай бұрын
Let me clarify that Apex Trader Funding trailing drawdown is not a scam. It's how the business operates to make their money like any other business. There is no correct or wrong way of setting prop firm rules. Yes, some people disagree with apex about it, but there will always be disagreements in life anyways. It's all based off of personal preference.
@RobertTradesOfficial7 ай бұрын
Awesome video Patrick, I really like the fact that you mentioned the "Greedy" part I never really considered that.
@AugustTassoulForex4 ай бұрын
thanks pat. I just know this has been approved by ICT as well. Cranky old ass.
@_Iamdmoney9 ай бұрын
Yeah nothing like blowing an account in the green. It's great once you escape the boogeyman IF you can escape the boogeyman.
@llewylnmoss9 ай бұрын
You learn through trading real money and losing real money.
@anchortimebomb8 ай бұрын
apex picks and chooses what rules they want to enforce when they see fit so they don't have to pay you
@ikoyfx9 ай бұрын
All i hear here is you have to open a winning trade. That removes the possibility of being wrong. Imagine coin flip. 😂 u can never be right all the time.
@PatrickWieland9 ай бұрын
Ok
@ashxior84068 ай бұрын
Thank you for making this simple and easy to understand.
@CreateWealthNow7779 ай бұрын
Yep I lost an account from it 💀💀💀💀
@CC-yq5bw9 ай бұрын
Never forget folks, these firms are not here for your benefit at the end of the day. It's a business and they only survive with your constant failures and resets.
@carvensjoseph8 ай бұрын
They make more money off you winning would you want 2 resets or 20 percent of 2k
@blustarvision68177 ай бұрын
It is scammy I have a 300k funded first trade heading toward 7k they did a 299k draw down 😅wow I’ve blown two accounts now
@Gtraders20249 ай бұрын
Love❤❤❤❤❤
@pipiboy14053 ай бұрын
Greedy??????!!!!!!!! the hell you are talking about , I do my analysis and predict price to move to a certain area, I don’t control what it does be4 it gets there . That’s a Dudu rule .