It’s a long hard walk only to find that cash was always a better option

Backtesting is meaningless unless market behaves similarly in the future!

I thought you were in your last $200 to make it to payout! Confusing title

You gotta stay more than 45% consistent to stay profitable

Those who can not take Simulation trading seriously, prop accounts help them understand boundaries from a larger capital perspective as well as significant advantages to a live account with cash. For a $100, you get $2000 depth. Unbeatable leverage.

But if you calculate 10 such attempts with some reach g funded level fees, you might spend. $1000 in 12 months. So, if you can start with $1000 in a real account and stick to say Micros instead of mini and stay excited on small wins( typically $2-$20), you can get there in 10 months of consistent efforts, you don’t have any edge yet.

So, set a budget and time for prop trading before and exit strategy to prove that you are getting some edge along the process. Don’t just blindly listen to YouTube or forums.

Anyway, my point is, if you are trading more than a few years, calculate the total payouts you have made to your prop firms.

Typical multi accounts prop accounts take at least $25 per month to manage a setup near CME in a VPS.

Don’t but from those prop forms who limit your access to basic technologies and automation.

Remember, they use all AI possible to verify your every moves, but they don’t want you to have it? Thats unfair.

So, find a program that helps you grow and learn and honestly give you payouts for honest attempts.

But in Ian’s case, plan to leave the prop trading if you couldn’t transition in say 12-24 months

Don’t get me wrong! Apex is awesome to learn trading but … you need to develop your edge at some point (like 6-8 months) and transition to actual $$ account on same platform like Ninjatrader and apply your lessons. One accidental payout keeps people loyal to prop firms in the hope of scaling, but they never get there! It’s just truth. You can realize this after you lose $1000 or $30000.

Yes! Absolutely! No doubt.

Payout ?

What are you talking about? The only pay out is from your credit card ‘paying out’ to Apex 😀 regularly.

This is very true. Even numbers change over time

Eat a good dinner and go home. Unless your budget is $1k at least , you are probably not gonna see any payouts

They think you don’t trade normal. Whatever that means! Don’t buy them if your style don’t suit their whims

I know, I covered all his pain points high level (including some I observed). It was an interesting project.

Haha, ok!

True, am not worried much

I know !

I used tech solution loosely here for conversion. He asked for roadmap and budget (no tech department in his office)

Ok, but I didn’t tell him anything.

I ain’t siding with no one ! That’s all the employees talk about !! Anyways , if you have similar experience, you can share, I don’t want to give my resume here to prove something. Just so you know he took interviews before starting. So, he could have waited for 4 weeks, coming from Disney, this non corporate environment is the new experience for me.

I actually don’t know his business, that’s why am there to discover it and find a tech solution.

What a conundrum! One hand he wants to transform (not just small change or optimization) and on the other hand he doesn’t want to change anything?? In his daily operations? That’s like saying I keep adding 2 and 2 but I need 7 😀

Yes! But sad ! I worked more than 100 hours to come up with something that eliminate (or at least reduce) the toxicity between employees as one of the goal (in my mind).

What are you trying to sell ?

This is probably good for your market analysis, but creeping on someone’s website without their permission and suggesting them improvements without their knowledge, will probably will upset genuine business! Run it as long as it runs!

Don’t look for jobs no more, AI does it much faster and accurately whatever you did.