Anybody trade with prop firms...

What is a prop firm?

Nvm. This sounds so scary to me tbh

Search "Apex Trading" in YouTube if you want to learn more about it. If you know anything about trading futures and want to start trading with a minimal upfront investment, it's pretty neat and can be very profitable.

I watched a couple YouTube videos, read the rules on Apex's website (they also have a couple videos), and paper traded for a few days and bought an account and got started.
You can get an account right now for approx $30. When you hit your trading target, you pay another fee, about $85, then you're trading for payouts. The hardest part is to discipline yourself to trade within the consistency rules that are in place.

Edit: there are also people you can follow on discord or other platforms that will allow you to watch them trade online and they explain their strategies. I just picked a couple dudes at random and watched them. Most of them will let you watch them trade for a certain time period for free, too.

It’s a racket in my opinion. Why pay $30, then $80, then $80, etc. every time you break a rule when you can pay <$10/mo. To sim trade?

It’s the same thing except when you become profitable you don’t have to follow their rules and split your payout.

You go live when you can make money, not when you hit some arbitrary goal for one day. It’s preying on people who don’t have the money to blow on learning with real money. Just can’t see the benefit

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Most firms trade copy or give you a live account once they see your a good consistent trader. That way they make money on your trades and the 10% off your payouts.

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This.

I have passed my accounts and gotten all of my payouts. I make $300/day and quit.

Works like a charm.

I have 10 accounts I'm funding right now. Takes five days. Takes 3 months to get all the required payouts. Then it's 90/10. Those ten accounts cost me:
$29 up front
$85 when I got funded
Each.

So, I've got about $1100 invested. My first payout was $1500.

When all 10 accounts are funded, my $1500 payouts will become $15k twice per month.

Edit: I use Apex.

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I've risked sub 2k total while getting paid out 6 figures. It's a huge reward for the risk....if you're a decent trader and don't go on tilt.

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There's a lot of meat on this bone... You're trying to say you're a professional trader and have never blown an account?

Yet you're willing to give a company 10% of your nut - like $10,000?

I guess if you don't go on tilt. Wow.

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Takes five days. Takes 3 months to get all the required payouts. Then it's 90/10.

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When all 10 accounts are funded, my $1500 payouts will become $15k twice per month.

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And their 10% would be what on $30,000? So they take 10% and you have to wait 3 months?

Sorry to spam the room, but if you're all good traders why are you paying 10%? Just use your own money, build your account, don't pay anyone, and keep 100%.

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why are you paying 10%

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Why trade my money when I can trade someone else's?
My first payout covered my entire investment. And I did blow some accounts, but I was fortunate to catch the 90% off sale.

WTF do I care if they take 10%? It's their money to begin with. I put up around $1400 total. I've made much, much more than that. I didn't have to build a bankroll to begin. I also have multiple accounts. So for me to make more money in a self funded account I have to risk more. With Apex, I simply open more accounts and my profit increases while my risk doesn't.

There's a few reasons why I used the prop firm.

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And their 10% would be what on $30,000?

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Their 10% is whatever the trader makes, yeah.

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you have to wait 3 months?

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I received 2 payouts per month x 3 months. After those three months it's 90/10 but I received 100% of the first $25k I made (this includes the 6 payouts).
After the 6 payouts, you still can request 2 payouts per month if you have earned. I always leave equity in my accounts so I don't have to worry about the trailing drawdown as much. This is easily worth 10% of whatever I make.

Not to beat a dead horse, but I've increased my profits without increasing my risk. Also, I plan on opening 20 more accounts in a family member's name when I get my 20 accounts past the probationary stage as well. So, I should have 40 accounts funded and earning 90/10 by the end of January.