Conversation with Apex Futures Trader Funding Darrell Martin
Dec 21, 2023
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Darrell Martin, CEO of Apex Trader Funding, shares his journey from working a full-time job to becoming a successful trader. He discusses the importance of education and mentorship, the advantages of futures trading, and the funding process at Apex Trader Funding. Darrell emphasizes the need for patience, discipline, and risk management in trading and provides insights into successful trading strategies.
Education and mentorship are crucial for success in trading.
Futures trading offers advantages such as leverage and the ability to trade various markets.
Deep dives
Daryl's Journey to Full-Time Trading
Daryl shares his journey from working for a company to becoming a full-time trader. He got hooked on options trading after attending a seminar and started studying and learning from experienced traders. After a year of studying, he made enough money to quit his job and started recording videos to teach his daughter about trading. He eventually built a website and developed his own trading system over 10 years.
Daryl's Early Success in Options Trading
Daryl reveals that he initially started trading with a $3,000 account, which he took from his wife's retirement fund. He focused on a specific options strategy involving strangles on earnings, conducting extensive research and managing losses while letting winners run. Within 60 days, he was making more money trading than his regular job, leading him to quit his job and trade full-time.
The Advantages of Futures Trading
Daryl explains why he believes futures trading offers greater profit potential compared to options trading. He highlights that futures traders have access to various markets, allowing them to see how different markets impact each other, providing an edge. Moreover, futures trading offers significant leverage, allowing traders to control large contract values with a small amount of capital. However, Daryl also cautions about the risks associated with futures trading, including the potential for larger losses.
Apex Trader Funding and Evaluation Process
Daryl introduces Apex Trader Funding, a company that provides traders with funded accounts based on their performance. Traders can take an evaluation, where they need to make $3,000 while keeping losses below $2,500. If they pass, they receive a funded account and get to keep the first $25,000 made and then 90% of profits thereafter. Daryl highlights that Apex Trader Funding has a higher pass rate compared to other companies and allows traders to have multiple accounts for greater risk management.
In this conversation, Darrell Martin, CEO of Apex Trader Funding, shares his journey from working a full-time job to becoming a successful trader. He discusses the importance of education and mentorship in his trading career and how he developed a duplicatable trading strategy. Darrell explains the advantages of futures trading and the funding process at Apex Trader Funding. He emphasizes the need for patience, discipline, and risk management in trading and provides insights into successful trading strategies.
Takeaways
Education and mentorship are crucial for success in trading.
Developing a duplicatable trading strategy takes time and practice.
Futures trading offers advantages such as leverage and the ability to trade various markets.
Risk management and discipline are key to successful trading.
Apex Trader Funding provides a funding opportunity for traders to trade with their capital.
Chapters
00:00 Introduction
00:21 Getting Started in Trading
01:19 Recording Videos for Education
02:15 Building a Trading Community
03:24 Transitioning to Full-Time Trading
04:23 Starting with a Small Account
05:13 Risk Management and Scaling Strategy
06:12 Developing a Duplicatable Strategy
06:58 Advantages of Futures Trading
08:35 Complexity of Options Trading
09:25 Understanding Futures Contracts
11:45 Fees and Leverage in Futures Trading
13:06 Minimum Account Size and Micro Contracts
15:38 Evaluations and Funding Process
18:13 Passing the Evaluation
20:49 Success Rate and Payouts
22:34 Preparing for Trader's Funding
25:18 Successful Strategies
29:49 Getting Started with Apex Trader Funding
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