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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Sun Tzu who wrote (85487)4/2/2024 3:39:51 PM
From: Qone01 Recommendation

Recommended By
ajtj99

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So far they come back as legit. They are owned by peak6 investments.

Peak6 Investments 13F annual reportPeak6 Investments is an investment fund managing more than $1.58 trillion ran by Andrew Tourney. There are currently 1041 companies in Mr. Tourney’s portfolio.

There are two phases with fees associated with each. I'll use the $50k funding as the example. Sim account.

First phase you must make $3k and trade for 7 days. $2500 daily drawdown day lock.

Cost of this phase $167.00 a month.

Second phase is what they call performance accounts. This has a serious catch in it that it is designed to make people fail. A $2500 draw down fails the account and you have to start the entire process over. This is a bucket shop in a sim account. The account pays just like a fully funded account. But they don't transfer your trades to the exchange until you start to hurt their bucket. <G>

Once you have made $2600 in this account, your fail point becomes $50,100 forever. They take 10% and you keep 90%

You have to pay for this account also. I don't remember how much it was.

After you have passed both phases you get a funded live account, that directly places your trades. Same rules apply.

Now they will let you trade 10 contacts with a 50k account. This guarantees that most traders will blow up. With a $2500 daily draw down rule can't trade more than two NQ.

It also is day trading only, can't hold anything overnight.
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