36. APEX TRADER FUNDING

Established Futures Firm: One of the longest-continuously operating firms.
Trading Opportunities: Potential earnings approximately $40k to $80k per month for those with a $50k account.

Best Choice for Trading: Optimal choice for index trading due to balance of profit target and drawdown.
Financial Dynamics:
Activation fee: $2,500.
Profit target: 6% ($3,000).
Drawdown capacity: 5%.
Contract Information: Ability to trade 10 contracts or 100 micros.

Definition: Drawdown that trails based on the current open profit and loss (P&L).
After closing a position, the trailing drawdown locks in based on updated P&L.
Impact on Trading Strategy:
If you do not adjust your stop loss, potential losses can substantially increase beyond the original risk.
Example: Not trailing risks when in profit can convert a manageable loss into an unmanageable one.

Focus on Scalping: Quick trades with negative risk/reward ratios can help mitigate drawdown issues.
Optimal RR Settings: Recommend aiming for 0.5 risk/reward (RR) ratio for higher win rates; conventional scalping targets.
Ideally, targeting trades with smaller distances and frequent confirmation signals.
Consistency Goals:
Aim for 1% to 2% profit daily to keep progress steady.
Post-Challenge: Once reaching funded accounts (PA accounts), trailing drawdown is removed after achieving the 6% target.

Monthly Costs:
20 accounts of $50k costs approximately $2.2k in activation fees monthly or a one-time fee of $3.3k.
Evaluation fee is around $700.
Apex does not accept American Express for payments.
Trading Rules:
Avoid dollar cost averaging to manage risk effectively.
Avoid windfall trading practices.

Apex has faced scrutiny regarding payout reliability.
Future challenges will be taken to assess payout effectiveness, with reports to follow for transparency.