official 2023 apex batshit sale alert thread

[sonatine]

so apex ( https://apextraderfunding.com/ ) has just completely thrown down the gauntlet.

new discount code: save90

valid now through jan 3 2023:

* all (every single combine account) is now 90% off initial fee + 50% off any recurring fees until you pass and graduate to a live trading account or cancel it

* it now takes 7 days once you clear the minimum 'pass' balance to get your account made live. so if you register now and start trading after 6pm tonight and before 4pm tomorrow (eastern) you should have a live trading account granted by jan 6.

* if you trade 10 days before jan 20th, you can request a cashout on jan 20th. i believe the max cashout amount per biweekly window for the first 3 months is like, 80% of the drawdown amount, more or less. so a 10 contract max account has a $2500 drawdown and a $2000 max cashout amount. then after 90 days you can take out however much of your balance that you want.

* ... and this is the insane part.... any cashout you make during the feb 1 to feb 5 cashout window will get a 20% payout bonus.

* you can trade up to 20 live accounts at once.

so basically on feb 5 you can request $2000 from each of your 20 10 contract accounts (for example) for a total payout of $40,000 and get tossed $8000 on top as a bonus.

thats fuckin spicy.

im sitting on 14 accounts past the profit threshold to go live, 4 should graduate tomorrow'ish and the other 10 in 7 days. going to try to get 6 more of these save90 accounts ready for going live in the next few days.

hollar.

[sonatine]

like just to put this in perspective, i'll likely have spent about $3000 on getting 20 test accounts provisioned for live trading, which will come with $2500 of actual tradable capital in each.

meaning i spent $3000 and received $50,000 of actual trading capital. and after 10 days of trading, i can cash out up to $40,000.

very real talk; thats pretty dope.

[sonatine]

pending me fat fingering something in the meantime ( its called slippage sweaty look it up ) i should be sitting on literally 20 cash accounts with $2500 in each and the potential to trade up to 10 (ten) emini contracts on each.

just a bit of perspective; if i decided to yolo every single one of them into an ES trade, for every 10 cents SPY moved in my direction, i would earn $10,000.

...but if spy moved 50 cents in the opposite direction id be margined out and have my accounts closed.

still and all, tempting, innit.

[sonatine]

for anyone wondering my risk appetite is 1 contract per $1250. so ill be trading 2 contracts * 20 accounts, or 40 contracts total for $2000 a point. if i end up 25 points in the red, my accounts get closed and im out like 3k and a few hours of effort.

[sonatine]

pending me fat fingering something in the meantime ( its called slippage sweaty look it up ) i should be sitting on literally 20 cash accounts with $2500 in each and the potential to trade up to 10 (ten) emini contracts on each.

just a bit of perspective; if i decided to yolo every single one of them into an ES trade, for every 10 cents SPY moved in my direction, i would earn $10,000.

...but if spy moved 50 cents in the opposite direction id be margined out and have my accounts closed.

still and all, tempting, innit.

oh also i should point out that they will straight up refuse to honor people who yolo once then tickle their account to reach the minimum active trading days for a cashout.

some euros played that game and fucked it all up for the rest of us basically.

so id have to basically make similar sized yolo bets for 10 trading days before i cashed out, which is an almost guaranteed super L, statistics wise.

[sonatine]

oh also i should point out that they will straight up refuse to honor people who yolo once then tickle their account to reach the minimum active trading days for a cashout.

some euros played that game and fucked it all up for the rest of us basically.

so id have to basically make similar sized yolo bets for 10 trading days before i cashed out, which is an almost guaranteed super L, statistics wise.

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[sonatine]

day one: +$458 post-fees on first PA account, signed contract on another 2 last night.

day two: +$450 on 3 accounts, which is about $410 after fees.

total:
+ $1688.89

as discussed elsewhere, starting balance on these is "$50,000" which is a totally meaningless number. they should just make it $0 tbh. but they think its cute and they are giving me money to gamble with so whatever.

[sonatine]

jesus christ i just got absolutely swept. i was done for the day and saw basically a perfect setup out of the corner of my eye, like exhausted buyers, break through support, fail to recapture previous highs, and the book showed a huge sell side preference, so i step in and end up getting my salad tossed in what i guess was a squeeze.. there was absolutely no logical reason for price to jump 10+ points but jump it did. anyway i ended up getting roasted because i started to basically increase my position thinking there was no fucking way it would keep squeezing and that did not... work... out. fuck it, cost $300 to turn up the accounts and $60 to get replacements online, and hopefully another $240 to get them promoted to pay accounts in 7 trading days.

still on track for a good time.

[sonatine]

welp, back up to 20 accounts comfortably above the qualifying threshold for PA / live trading. one upside to ethering those 3 accounts was their replacements will be eligible for the 20% bonus payout, so thats basically a potential $1200 extra on the table for about $300 up front.