Aliassmith Beats a "Dead Horse"

[prochargedmopar]

Well I would have made $52k this week with APEX trading 2 contracts and 20 accounts.

I don't really understand how the 100k static works quite yet.
I watch the vid and it mentions it but then goes on to talking about trailing drawdown for an hr.

$625 max loss and canceled.
I get that.
What if I micro lot up to $3500 profit. 103,500.
Do I have $4125 possible drawdown before blow up?
If I get the acct to +$5k (105,000) and I pull out $3k do I then have $2625 usable drawdown before blow up?

What about $110,000 and pull out $5k.
It doesn't seem like these dudes would let you get up $50k and then lose $30 of it. (That would be hella big stop!!! )

From today's shenanigans:
About $16k of this does not count. Lot size was too big (over 20 micros)

Screen Shot 2023-06-16 at 5.29.55 PM.png (224.58 KiB) Viewed 706 times

[aliassmith]

Well I would have made $52k this week with APEX trading 2 contracts and 20 accounts.

I don't really understand how the 100k static works quite yet.
I watch the vid and it mentions it but then goes on to talking about trailing drawdown for an hr.

$625 max loss and canceled.
I get that.
What if I micro lot up to $3500 profit. 103,500.
Do I have $4125 possible drawdown before blow up?
If I get the acct to +$5k (105,000) and I pull out $3k do I then have $2625 usable drawdown before blow up?

What about $110,000 and pull out $5k.
It doesn't seem like these dudes would let you get up $50k and then lose $30 of it. (That would be hella big stop!!! )

From today's shenanigans:
About $16k of this does not count. Lot size was too big (over 20 micros)
Screen Shot 2023-06-16 at 5.29.55 PM.png

I believe the $25k is a better option but I'll explain how the $100k STATIC works.

There is no trailing draw down. They do however screw you by giving you a maximum draw down of $625 with a target of $2000.
As you said I would probably use 2 micro contracts to build up the profit cushion.
Another thing that they get you on is 2 maximum contracts. It not horrible but the $25k goes up to 4 contracts.
Because there is no trailing stop, the profit you make ends up being a profit cushion.

Go up $1000 then you have $1625 maximum Draw down.
Go up $3000 then you have $3625 maximum Draw down.
Go up $5000 then remove $2000 you have $3625 maximum Draw down.
The formula is basically (Profit in account + $625) until blown up.

My evaluation from the info I've studied:
The $25k seems easier to pass because of its 1 to 1 ratio of draw down to profit target.
It has a bigger initial Draw down than the $100k STATIC.
It has the smallest Profit Target to pass.
You can trade up to 4 mini contracts.
(For my endgame plan I'll need 4 contracts on the ES $250,000 per month)

I made a plan based on the amount of volume available on the ES and an easily achievable target of 60 points a month.

This is my understanding of the information. Your mileage may vary!!!!!

[aliassmith]

Once you SEE it
It's hard to unsee it.

[prochargedmopar]

Well I would have made $52k this week with APEX trading 2 contracts and 20 accounts.

I don't really understand how the 100k static works quite yet.
I watch the vid and it mentions it but then goes on to talking about trailing drawdown for an hr.

$625 max loss and canceled.
I get that.
What if I micro lot up to $3500 profit. 103,500.
Do I have $4125 possible drawdown before blow up?
If I get the acct to +$5k (105,000) and I pull out $3k do I then have $2625 usable drawdown before blow up?

What about $110,000 and pull out $5k.
It doesn't seem like these dudes would let you get up $50k and then lose $30 of it. (That would be hella big stop!!! )

From today's shenanigans:
About $16k of this does not count. Lot size was too big (over 20 micros)
Screen Shot 2023-06-16 at 5.29.55 PM.png

I believe the $25k is a better option but I'll explain how the $100k STATIC works.

There is no trailing draw down. They do however screw you by giving you a maximum draw down of $625 with a target of $2000.
As you said I would probably use 2 micro contracts to build up the profit cushion.
Another thing that they get you on is 2 maximum contracts. It not horrible but the $25k goes up to 4 contracts.
Because there is no trailing stop, the profit you make ends up being a profit cushion.

Go up $1000 then you have $1625 maximum Draw down.
Go up $3000 then you have $3625 maximum Draw down.
Go up $5000 then remove $2000 you have $3625 maximum Draw down.
The formula is basically (Profit in account + $625) until blown up.

My evaluation from the info I've studied:
The $25k seems easier to pass because of its 1 to 1 ratio of draw down to profit target.
It has a bigger initial Draw down than the $100k STATIC.
It has the smallest Profit Target to pass.
You can trade up to 4 mini contracts.
(For my endgame plan I'll need 4 contracts on the ES $250,000 per month)

I made a plan based on the amount of volume available on the ES and an easily achievable target of 60 points a month.

This is my understanding of the information. Your mileage may vary!!!!!

Thanks for that info:

Once a cushion is built on static.
For me, no worries. Trade with 2 mini's and let it roll.
That's $40 a point on NQ, You can make a LOT of $$ FAST.
Leave 10 to 20g's in there at all time. No big deal.

[aliassmith]

I don't really understand how the 100k static works quite yet.
I watch the vid and it mentions it but then goes on to talking about trailing drawdown for an hr.

$625 max loss and canceled.
I get that.
What if I micro lot up to $3500 profit. 103,500.
Do I have $4125 possible drawdown before blow up?
If I get the acct to +$5k (105,000) and I pull out $3k do I then have $2625 usable drawdown before blow up?

What about $110,000 and pull out $5k.
It doesn't seem like these dudes would let you get up $50k and then lose $30 of it. (That would be hella big stop!!! )

From today's shenanigans:
About $16k of this does not count. Lot size was too big (over 20 micros)
Screen Shot 2023-06-16 at 5.29.55 PM.png

I believe the $25k is a better option but I'll explain how the $100k STATIC works.

There is no trailing draw down. They do however screw you by giving you a maximum draw down of $625 with a target of $2000.
As you said I would probably use 2 micro contracts to build up the profit cushion.
Another thing that they get you on is 2 maximum contracts. It not horrible but the $25k goes up to 4 contracts.
Because there is no trailing stop, the profit you make ends up being a profit cushion.

Go up $1000 then you have $1625 maximum Draw down.
Go up $3000 then you have $3625 maximum Draw down.
Go up $5000 then remove $2000 you have $3625 maximum Draw down.
The formula is basically (Profit in account + $625) until blown up.

My evaluation from the info I've studied:
The $25k seems easier to pass because of its 1 to 1 ratio of draw down to profit target.
It has a bigger initial Draw down than the $100k STATIC.
It has the smallest Profit Target to pass.
You can trade up to 4 mini contracts.
(For my endgame plan I'll need 4 contracts on the ES $250,000 per month)

I made a plan based on the amount of volume available on the ES and an easily achievable target of 60 points a month.

This is my understanding of the information. Your mileage may vary!!!!!

Thanks for that info:

Once a cushion is built on static.
For me, no worries. Trade with 2 mini's and let it roll.
That's $40 a point on NQ, You can make a LOT of $$ FAST.
Leave 10 to 20g's in there at all time. No big deal.

Yes if you can deal with the initial buildup of profit cushion from $625 DD and are fine with 2 mini contracts max then the $100k is good. I bet a lot of people fail the $100k STATIC because they trade to large for that DD. Start with 2 micro then scale the size as the profit cushion gets larger. Make $625 then trade 4 micro. Patience is a virtue!

2 mini contracts on NQ $40 per point
50 points a week (simple) $2000 per account
20 accounts = gross $160k per month.
For sure "LOT of $$"

I would want a $10k profit cushion for trading 2 mini contracts of NQ and $20k for 4 contracts.

[aliassmith]

PRO posted that the market looks for inefficiencies and rebalances. I think that is correct. Looking at the charts I see the market looks like it is always trying to rebalance. In a simple line picture I think this is what rebalancing looks like. It doesn't have a time limit but a large portion of the time it gets its rebalance. That pic can represent any "time frame". It can be represented as Break and retests, Fair Value Gaps, Extremes that hold obvious stops. It happens over and over and over and over and over.

Edit: Zlines fall into this category.

[prochargedmopar]

PRO posted that the market looks for inefficiencies and rebalances. I think that is correct. Looking at the charts I see the market looks like it is always trying to rebalance. In a simple line picture I think this is what rebalancing looks like. It doesn't have a time limit but a large portion of the time it gets its rebalance. That pic can represent any "time frame". It can be represented as Break and retests, Fair Value Gaps, Extremes that hold obvious stops. It happens over and over and over and over and over.

Edit: Zlines fall into this category.

Yes,
That is the very first step to market structure.
There are a few more layers as you know.

In the FREE market structure class Dave covers some others.
Both the Zero to Hero xtreme basics
And the Free Basics of.
He has an adv. MS 1 and 2 also in the discord.

Then you move to "order flow". or in other words understanding the smaller timeframe structure encompassed inside the larger structure.
Rabbit holes.
If you start using candlestick structure on the smaller timeframe you are now trading order flow of the next or 2 lower timeframes. hahaahah. Gets out of hand.

It all boils down to 123/RH though. Double tops/bottoms as reversals. etc.
Integrating HTF either via viewing candlestick structure of an actual HTF, Noting HTF swings, OR deducing the larger swings on the timeframe we are viewing. This is what Dave does. Dude can trade the daily chart from m1. Some people!!!!! How the F?? LOL

[prochargedmopar]

It's not all cut and dry or there would be no money left in the markets and any PC could do it. LOL

Must have a determined and definite way to deduce when the market has turned.

There are clues at every turn.
"Our lives are in the pullback" Dave

Screen Shot 2023-06-16 at 11.50.40 PM.png (182.92 KiB) Viewed 589 times

BTW, the X is very tradable.
Just can't get married like I do. hahaha
And the next HTF gives clues (or the zoom out for some)

[prochargedmopar]

This is actually a good watch.
EVERY trade should have these basics involved.
Takes a bit to get rollin but gives good info.

[aliassmith]

This is actually crazy! Early London session.
NQ trade 1 mini x 20 accounts
The value on the risk reward markers is wrong about $24k profit each.
If you trade all of London, then there looks like another $20k+ trade.