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DAY 37 + 38 – Apex Sniper Trading Bootcamp – Funded Trading Companies Review …

This weekend is a long weekend in the US …

Actions I took:

• Reviewed by 10 days of Sim Trading
• Reviewed a number of Trading Companies who offer funding
• Continued Market Replay practice

Sim Trade Results Overview

[ATTACH=full]111105[/ATTACH]

10 days of Sim Trading is really not long enough to test and prove much. But I consider the results to be good enough for me to move to the next stage of the challenge.

As readers may know from my early post, I am already funded by Topstep Trader. I used my own scalping system to trade the 30 Year Bonds.

This challenge is totally separate from what I do in the TST Funded account.

I reviewed a number of Trading Companies who offer funding if you can pass their testing.

A lot of these companies have so many rules that it seems they really don’t want you to pass. Since the last time I looked at these companies I have noticed a number of the prices and rules have changed.

Some of the Companies I have heard complaints about the traders not getting paid or paid slowly. So I avoided them. I have no proof of any of the stories but have chosen to play safe and avoid.

I am very happy with Topstep Trader but wanted to try another company.

The Company I chose is Leeloo Trading https://www.leelootrading.com/

Basically they only have 3 Rules:

• Don’t exceed your daily Loss Limit
• Don’t reach your max drawdown
• Reach your profit target while illustrating consistency

They base the funding on the number of contracts you can trade. Other companies have a dollar amount you choose to test for.

An example would be TST who have a $50,000 Test option which costs $165 per month

• Profit Target $3,000 per stage (2 stages)
• Maximum contract size = 5
• Daily Loss Limit = $1,000
• Weekly Loss Limit = $1,000
• Trailing Max DD = $2,000
• Other rules including time of day you can trade, etc
• If you are funded then the split is 80:20
• And you keep 100% of the first $5,000
• You can take as long as you want to reach the target as long as you don’t break any of the rules.
• The minimum time to pass would be 5 days for stage 1 and 10 days for stage 2

This would compare to the Leeloo Account Cost $170 per month

• Profit Target $3,000
• Up to 8 contracts
• $2,500 Max Drawdown based from the High Water Mark
• No Daily Loss Limit
• No other rules
• If you are funded then the split is 80:20
• And you keep 100% of the first $8,000
• You can take as long as you want to reach the target as long as you don’t break the DD rule.
• The minimum time to pass would be 10 days

Apex Investing has chosen Leeloo Trading as a recommended company and currently offer a 15% discount for the first month

So, you can see from the points above, there are a number of good reasons to try Leeloo Trading.

I will explain the $2,500 Max Drawdown in a coming post.

Over the next couple of days I will decide when I will start the Leeloo Test. At this time I believe Tuesday will be start day. I don’t want to start on a slow or low volume day (Day after a long weekend)!

I will report back tomorrow on my progress and any lessons I learn

Disclaimer

I am not affiliated with any of these companies.