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Transcript
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What’s going on, guys? So, Apex Trader Funding had a wild weekend of I guess somebody was sharing a bunch of screenshots and stuff. We’re going to get into it. Before I do, I stream live every single day. Be sure to subscribe below. If you’re looking to get an Apex account, be sure to use code “Code Trader”. Ah, so basically the hot topic is Apex Trader Funding live program. Uh if you don’t know, Apex is known for having 20 accounts, and I
Guess somebody started making fake screenshots or sharing stuff that actually wasn’t supposed to be public. And it was basically stating that you’re going to go from 20 accounts to one with a 3K drawdown. Uh that is not the truth, but people love spreading lies because it gets engagement. And that’s what it’s about, I guess, instead of telling people the truth. But yeah, so Apex came out with a statement yesterday. Um you know, just to set the you know, the story straight.
Apex does not only ever offer a one one account with 3K drawdown. I kind of figured that was going to be the truth, but you know, a lot of people like to just talk. I don’t know what it is about Apex, but people love talking crap about it. I don’t get it. I don’t get it. Follow the rules, you get paid. Um yeah, I mean, you know, they were talking about the uh look, they say this that’s not the vision. Our
Goal is to build the best live trading environment in the industry. I’m curious what’s actually going to come out from them. I’m going to get into what I think they should do. Uh the screenshots and summaries circulating on social media are not the official Apex releases. They didn’t come from Apex. Yeah, so I mean, right there kind of explains it all. Um basically what’s being shared is just a discussion from a some webinar. I guess they did. Somebody used AI and
Made a transcript. Oh, no. Yeah. Yeah, somebody’s lying for engagement because they don’t like Apex. Uh Yeah. It’s not the fine It’s not a webinar covering the finalized So, listen. Here’s my thoughts about the situation. Is Apex going to give you 20 live accounts? Probably the answer is no. I’m hoping what they do is they give you three to five live accounts. Like My Funded Futures, I think it has three. Uh What do you call it? Take Profit Trader has five.
I think somewhere between that would be great. I don’t think it’s feasible to to stick at the 20 accounts. Um so, if you think you’re going to stay at 20 accounts, it’s probably not going to be the truth. You’re probably going to go somewhere between three and five. Um You know, everybody wants to go live, I thought. That’s what That’s why you’re in the prop firm space. Um going from 20 to one is probably not great, but going down to three
To five is probably what’s realistic. Uh I don’t know what the drawdown’s going to be. I’m It’d be cool if they moved, you know, if you have a big amount of profit in the accounts, maybe you get more drawdown than than the rest than if you just were withdrawing to the buffer. Um You know, it it’s I’m curious what comes about cuz they never have a live program. They used to, I guess, use I don’t know. I know a bunch of
You have been pushing live. It’s going to be interesting, but I I’m not going to believe anything until I get the official release from Apex. I do think three to five accounts live would be good. Um I’m hoping that if you blow the accounts that they still allow you to get back in the program. This probably I know Lucid does a cool off period of 30 days. I’ve been live with the DS and they don’t allow you to buy any more
Accounts of that type. So like I can’t buy fundamental accounts. I can only buy Express the live. So maybe Apex does something like that where if you blow your live accounts, you can only buy this other type of account. And that’s how you get back into the live program. You know, maybe you got to pass those accounts and you get back live. But yeah, so I mean that’s what I think it should be done. I don’t know what they’re going to
Do. Like anything the first time you roll anything out, it’s probably not going to be the best. And you got to have all those Apex haters coming out anyways. But you know, like anything anybody who creates I don’t know. You create a car, you create software. It’s going to get better with time. So I imagine whatever version one is, it’s probably not going to be the final version. So just give them time. Let them come out with whatever they’re doing. You
Know, and that’s it. Listen, at the end of the day you got to trade and make money. So they’re giving you an opportunity to trade and make money. I don’t see the issue with it. But if you have any questions, comments, comment on the video. Let me know how you feel. Come on the live stream and uh and we’ll talk about it. You know?
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