Back on Track with Funded Trading

June 14, 2024 / Back on Track with Funded Trading / apex trading funding

It’s been a little while since I’ve checked in on my funded trading journey. After a busy period, I had to put the experiment on hold for a bit. But now I’m back at it! As of June 14, 2024, I’ve restarted, and I’ve also begun taking on some new challenges with Apex. So far, I’ve completed 1 out of 4 of their challenges, and the rest are very close to being passed. Meanwhile, on Topstep, I’ve been making some solid profits and even started a few more challenges there as well.

But let’s talk about Apex for a moment—what do I think of them so far?

Apex Experience So Far / apex trading funding

One big advantage of Apex is that you can get access to accounts as large as $300,000, which is more than many other prop firms offer. However, they have one rule that some traders might find challenging: the trailing drawdown. Essentially, as your profit grows, the trailing drawdown moves up with it. This means if you don’t take profit at the right time and hit your stop loss, you’ll have less room to work with, since the price had already moved in your favor.

Traders are pretty divided on this rule. Some feel it’s a great way to encourage taking profit at the right time, while others think it’s a bit unfair.

Does It Make the Challenge Harder? / apex trading funding

Yes and no. On one hand, it can help you avoid being too greedy and push you to work with fixed take profits, which helps protect your account. On the other hand, it can feel frustrating at times, as it gives you less breathing room if you’re not taking profit quickly enough. But, is it impossible or extremely difficult? Definitely not. With the right strategy and mindset, it’s very achievable. (Otherwise, I wouldn’t have been able to pass the challenge and earn my certificate!)

A few days later, I managed to pass the remaining Apex challenges as well, so everything is moving forward.

In the next part of this journey, I’ll dive deeper into the statistics and break down my performance so far. Stay tuned!

Are you ready to take on a challenge with Apex or Topstep?

Now is your chance to get started! Whether you choose Apex or Topstep, both platforms offer a unique opportunity to prove yourself as a trader without risking your own capital. You can join the challenge here:

• Apex
• Topstep

Be sure to let me know how your journey goes—I’d love to hear about your progress!