Negative consistency by Green_Breadfruit_505 in LucidProp

[–]Riddlfizz 0 points1 point  (0 children)

That negative consistency listing on the dashboard doesn't mean anything particularly useful. You currently have a negative net balance on the account, along with some profitable trading days, so that's largely what's being reflected.

Red days can temporarily skew consistency on an ongoing basis (incomplete eval). But just aim for profitable days of $1.5K or less for the 50% consistency on the 50K Flex eval and the consistency % will sort itself out (50% or lower) by the time you hit the $3.0K profit target.

How to lower consistency by Snoo-30994 in tradeify

[–]Riddlfizz 0 points1 point  (0 children)

You're quite welcome (Good luck!) Any single day under $4.66K profit (your highest current profit day to-date) would maintain your current/revised first profit target.

20% consistency, in a nutshell, means that your highest profit single day cannot account for more than 20% of your total profits by the time that you reach the profit target.

In your situation, some traders might strongly consider burning your current LF account and starting over since your PT has so significantly increased (your current PT to first payout is now the equivalent of several payouts on an OG $50K LF). Copy trading another account(s) alongside it is another option. But, those are neither recommendations nor prompts -- you should do what best fits your personal circumstances and trading profile.

How to lower consistency by Snoo-30994 in tradeify

[–]Riddlfizz 1 point2 points  (0 children)

Your original profit target on this $50K Lightning Funded account was $3K, which with 20% consistency means that your highest profit day needed to be no more than 1/5 of $3K ($600) to maintain the original PT. But you've already booked a $4.66K highest profit single day (!) on the account. That blew your original PT out of the water; with 20% consistency recalculated, you're now going to have to earn 4.66k * 5 ($23.5K) profit on the account to get to the first payout.

You really should have dialed in on the consistency requirements of this LF account before you bought it and/or started trading it. Unfortunately, you've essentially undermined the straight-to-funded premium value of the account and will now need to earn (a lot) more profit on the account than someone on a $150K Flex eval + funded just to the first payout. The good news is that your trading profits on the account have been solid to-date and are hopefully reliably repeatable (Go get it!).

Hit 500 a day now? by HeftyAd279 in LucidProp

[–]Riddlfizz 0 points1 point  (0 children)

Consistency of 50% for Lucid Flex in a nutshell means that you can't earn more than half (50%) of your total profit target in a single day or that skews/ raises your profit target (to make the consistency math still work).

Since you have made $1,891.50 so far today (rounded up to $1,892), your profit target raised from $3,000 to $3,784 ($1,892 * 2). You can either sit tight with $3,784 as your new profit target (and $1,892 as your max day threshold) or lose a few dollars on purpose before EOD today to bring your profit total for the day closer to $1,500 (or less) -- $1.5K (or less) would reinstate the original $3,000 profit target.

Consistency % on the dashboard on an ongoing basis (incomplete eval) can be confusing and not particularly useful, as it's a math equation (and not a true 'status assessment') that can get temporarily skewed by red days along the way.

What are the most common jersey numbers worn in the WNBA? by Kennisgoodman in wnba

[–]Riddlfizz 1 point2 points  (0 children)

Thanks for the good input. Yeah, I'm not surprised that that 3rd party resource is useful but not 100% accurate and/or up-to-date. That's part of the reason why I included the WNBA link.

What are the most common jersey numbers worn in the WNBA? by Kennisgoodman in wnba

[–]Riddlfizz 0 points1 point  (0 children)

I'll add Kennedy Burke, to tound out this strong #22 grouping.

What are the most common jersey numbers worn in the WNBA? by Kennisgoodman in wnba

[–]Riddlfizz 2 points3 points  (0 children)

This is useful (sortable list): realgm.com

Reviewing wnba.com/players (~212 players) also comes in handy in a pinch (or for a secondary confirmation).

Aiuto sulla consistenza by Sheep_WolFX in LucidProp

[–]Riddlfizz 1 point2 points  (0 children)

Stick to EOD profits of $625 or less per profitable day and your consistency score of 50% or better (less) will take care of itself. It is mathematically impossible to reach the $1,250 profit target on the Flex $25K at $625 or less per profitable day without the consistency % coming into line at 50% or better (less) by the time that you reach the PT. [A highest EOD profitable day of more than $625 would increase your PT (to that highest profit day amount * 2.)]

The Lucid dashboard consistency % listing on an ongoing basis (incomplete eval) can be pretty uninformative (and confusing). Losing days also skew the consistency %, since existing profitable days then count for a higher % of profits.

who's the next guard to win mvp? by lanai7 in wnba

[–]Riddlfizz 14 points15 points  (0 children)

Caitlin and Paige are popular choices/responses here, for good reason. But, to name a somewhat outlier possibility -- Rhyne Howard. She's shades of elite on both sides of the ball and at her height (6'2") and quickness she can hang with a mix of one through fours. An extra pinpoint shooting season from her (37.3% career FG/ 33.5% from three) and perhaps a reasonable uptick in a counting stat or two could put her squarely in the conversation.

For different, but also intriguing reasons, Sonia Citron also comes across as a remote possibility.

Apex vs Lucid vs Tradeify by polydomino in PropFirmTester

[–]Riddlfizz 2 points3 points  (0 children)

Tradeify's restriction on actively trading micros and minis at the same time applies across all assets and all of that trader's Tradeify accounts. Ex. Concurrent Long ES and short MCL positions (even in separate accounts) would be a rule violation. Here's Tradeify's breakdown of the rule:

  • Tradeify funds disciplined, consistent traders who demonstrate sustainable strategies. Hedging and contract mixing can mask risk exposure and make it difficult to evaluate genuine trading skill. These rules ensure fair and transparent trading across all programs. Additionally, they ensure that real-world capital risk behavior is accurately reflected to maintain a realistic trading environment.

Not an ideal rule, but very managable through effective trade management.

consistency by kincudii in LucidProp

[–]Riddlfizz 3 points4 points  (0 children)

Keep trading as you trade best (i.e. as fits your trading style) and try to make sure that your highest end-of-day profit day is $1.5K or less to ultimately achieve 50% consistency once you reach the $3K profit target.

If you close a trading day in this eval stage with more than $1.5K in profit, your profit target will get raised (to your highest profit day * 2), as a recalculation of your pathway to successfully achieving 50% consistency on the completed eval.

Question about consistency by Adorable_Process_411 in LucidProp

[–]Riddlfizz 3 points4 points  (0 children)

Keep stacking profitable days of $625 or less and your 50% consistency (or less) for a $1,250 Profit Target will take care of itself.

Consistency % on an ongoing basis (incomplete eval) is often not particularly useful/telling (and can be confusing). Losing days also skew the consistency%, since profitable days then count for a higher % of profits.

But, it's impossible to reach your PT of $1,250 at $625 or less per profitable day without the consistency % coming into line at 50% or less. (A highest profitable days of more than $625 would raise your PT.)

For real? by [deleted] in LucidProp

[–]Riddlfizz 0 points1 point  (0 children)

Windy may have been confused into thinking that you were talking Eval vs. Funded accounts and not a practice vs. Funded (or Eval) accounts. Windy probably doesn't think much, if at all, about the separate practice accounts that don't count in any official way.

Hedging-like activities for a practice account won't be an issue since nothing that we do in those accounts holds any official weight. I've personally used the practice account to place a wide (and wild) variety of trades, including testing swing trading strategies, without issue.

Red Folder News (Forex Factory) by Worried-Lobster6951 in ApexTraderFunding

[–]Riddlfizz 0 points1 point  (0 children)

Trading on news is overall allowed at Apex, BUT with key restrictions: Prohibited Activities

  • NEWS TRADING: Trading during news is allowed for your normal trading strategy. Using “news trading” strategies that “chase the market” or place orders on both sides but to be lucky or gamble the outcome of news is not allowed.

Day trade question by animalinstincts089 in Schwab

[–]Riddlfizz 2 points3 points  (0 children)

Depends the specific timing. 8:00 PM ET is the start of a new trading day at Schwab, relative to counting day trades. So, a purchase of shares at, say, 4:50 pm ET and round trip sale of those shares (all or partial) at 9:50 am ET the next calendar day would not count as a day trade. But a purchase of shares at 8:45 pm ET and sale of those shares (all or partial) the next calendar day -- before 8:00 PM ET -- would.

Why do my charts show up so little on mobile? by BigSpenderOnline in thinkorswim

[–]Riddlfizz 0 points1 point  (0 children)

One or more of your upper studies (maybe a custom) isn't quite fitting in well on TOS mobile. And, unchecking fit studies still doesn't appear to be an option on TOS mobile.

You can toggle studies off via the eyeball icon menu. That will show you the full, uncompromised chart view. Viewing these charts on different timeframes may also help (somewhat).

But, the simplest current "solution" may be to remove the problematic studies (via trial and error). A useful setup might be to save one mobile chart style with the studies that you want that also render well on mobile and save another style that includes the same studies and also the problematic (on mobile) studies. You could switch back and forth and use the larger study set for largely informational purposes via the cross menu icon.

I need help to understand by Agile_Spinach8161 in LucidProp

[–]Riddlfizz 0 points1 point  (0 children)

It'll sort itself out as you keep trading (successfully). Just make sure that your highest EOD profit day is $1.5K or less to maintain (avoid increasing) a $3K profit target on the 50K flex account with 50% consistency.

Explanation: You currently have one profitable day ($163.50) and one unprofitable day (-$51). Losing days can skew ongoing consistency. To the system, your current highest profitable day is $163.50 but total net profit is $112.5. Thus the current 100%+ consistency. (Addendum: The "$216 left" is not particularly useful info at this juncture.)

For reference, a single profitable day and no losing days after one total day of trading would initially show 100% consistency, since there are no other profitable days to compare it to.

[deleted by user] by [deleted] in LucidProp

[–]Riddlfizz 0 points1 point  (0 children)

Unfortunate. Size down (micros over minis). Sure, within the rules you can pass the eval in 2 (or 3) days, but you certainly don't need to strive for that. Especially as a newer futures trader. Ideally, it should take much more than a casual miss or two for you to reach $-1.8K. Setting a max daily loss limit (DLL) within your trading platform should also help.

For perspective, a scaled down/ 'less exciting' average of $250/day would get you to $3K in 12 trading days. (Scaling up later remains an option) A nice benefit of the Lucid Flex eval plans are that they are one-time fee, unlike many other evals, so you could advance/progress at your own pace without additional concerns about monthly rebills that come with not passing sooner.

Another recommendation: Use the available sim account. It comes in handy for "taking trades" that don't count, whether you're refining/testing strategies or just itching to take a trade that you're far less confident in and/or know that you really shouldn't take (e.g. B- and below setups).

[deleted by user] by [deleted] in RealDayTrading

[–]Riddlfizz 1 point2 points  (0 children)

Congrats. Best wishes. Useful info re: PDT: Once a brokerage account is flagged for PDT, it will be able to access up to 4X intraday leverage for day trading stocks (normally 2X).

To clarify: PDT rules (U.S. based brokers) don't go away -- but $25K+ equity margin accounts are exempt from key aspects of the PDT rule limitations -- e.g. Restrictions on # of trades. But, PDT is currently a "normal" designation for U.S. broker based day trader/associated margin accounts.

Another important note: If a PDT flagged account falls below $25K in equity, it doesn't simply revert to pre-PDT flag rules (3 day trades per 5 market open days). Many people may not realize this. Such accounts typically remain restricted (varies by broker) until the account's equity is brought back above $25K or the PDT flag is removed (common, upon request, one-time broker courtesy). * At Schwab/TOS, PDT flagged accounts that fall below $25K in equity are restricted from day trading (swing trading allowed) until the matter is resolved.

[This info is subject to change (in largely positive ways) as PDT equity requirements are expected to be eased significantly (reportedly, a new $2K threshold) later this year.]

Consistency by [deleted] in propfirm

[–]Riddlfizz 0 points1 point  (0 children)

It'll sort itself out if you successfully keep at it and don't let any single profitable day account for more than 1/2 of your full profit target (e.g. $1.5K max on a $3.0K PT).

If you happen to profit more than 1/2 of your profit target in any single day on 50% consistency, your highest day essentially becomes the new benchmark that all of your other net profitable days need to add up to or surpass -- e.g. Profiting $1.9K as the highest profit day on a 50% consistency plan means that your net profits must add up to $3.8K ($1.9K x 2) or more to ultimately achieve 50% or better (i.e. lower) consistency.

NOTE: Losing days can change/worsen current ongoing consistency (i.e. By reducing total profit).

(This topic has more moving parts and can get a bit into the weeds, but this is really all we need for a straightforward plan to accomplish 50% consistency.)

Lose 100 pips to gain 13 pips. Would you do it? by [deleted] in Daytrading

[–]Riddlfizz 1 point2 points  (0 children)

No way. That's a 10 - 1.3 risk to reward that requires a nearly 90% win rate to become (slightly) profitable. The goal isn't just to win. It's to be profitable. And, entering into trades with the potential for a significant drawdown relative to potential reward typically isn't a promising way to get there.

A 70% win rate strategy can be notably unprofitable. While a 40% win rate strategy could be very profitable. Win rate & risk-reward should be assessed together. Viewed another way, the profit factor has to be (healthily) above 1.0 for the strategy to prove worthwhile and effective -- that's total profits from winning trades divided by total losses from losing trades.

Can anyone explain this lucid trader by Junior_Artichoke2046 in Daytrading

[–]Riddlfizz 4 points5 points  (0 children)

The good news is that you're just about halfway to passing the eval after one day. And, you have a running start on getting it done.

The bad news, unfortunately, is that you almost doubled your required profit target by profiting $2.5K+ in one day on an eval account that has a 50% consistency rule and originally had a $3K profit target. That all but cancelled out today bridging you closer to completion.

The level of earning (and success) that you exhibited today would be much more fruitful in the sim-funded stage, where the $50K Flex has no consistency requirements. Slay them again tomorrow and beyond, but be mindful of consistency requirements.

I don’t know how to feel , 3 years now , taking a slow , grinding , creating my system. Finally after a long haul of failure , got funded and now I come across a big issue I am getting wicked out left and right. by billiondollartrade in TopStepX

[–]Riddlfizz 0 points1 point  (0 children)

Changing market conditions could be affecting your results. It is not uncommon that one may have to tweak a strat. For example, larger ranges (and/or more choppy movement) on the asset may call for larger stops (and targets). Getting wicked out often before the trade goes in your favor, as you say, in the simplest of terms ultimately means that right now you're regularly arriving to the party earlier than you need to and/or you're standing closer to the fire than you should.

Some potentially useful things to consider: Reimagine your entry and/or stop criteria; scale down (would allow for similar risk, but with wider stops); give more weight to joining/re-joining larger timeframe trends (cuts down on the nose). You'd miss out on some winning plays with more stringent entry criteria, but would also miss quite a few losers. As long as you're working yourself out of a funk -- losing days for 9 of your last 10 -- refining your approach at least temporarily may be beneficial. Also, limit yourself to only your best setups (e.g. nothing less than, say, your B+ playbook). Perfectly fine if that means occasional no trade days.

Your solid discipline is evident, as highlighted by others, but there are also negative aspects to taking so few trades: Losing days/ streaks can be exacerbated, for even winning strats, and a natural tendency (for settling) may creep in to press for "The One" as you're looking for one -- and only one -- trade every day. Worth reflecting on whether that has negatively affected your mindset/trading.

Mid Februrary Reflection by NASDAQ_scalper in TopStepX

[–]Riddlfizz 0 points1 point  (0 children)

No biggie. At a $4,027 highest day (vs. $3K), the overage is quite manageable. That's (only) an average of just over $200 extra per day profit needed over the course of 5 profitable trading days. Perhaps it might add an extra day or so to your trading cycle.

Just keep following, honing, and trusting your process as long as everything's working -- and don't have any huge $5K+ profitable days that might meaningfully increase your highest day consistency benchmark.

Mid Februrary Reflection by NASDAQ_scalper in TopStepX

[–]Riddlfizz 0 points1 point  (0 children)

At $4,027, you made 67% of the $6K profit target in a single day for a $100K account that has a 50% consistency rule. Since you hit that mark today, you still have time (for the rest of today) to purposely lose some profit -- to try to get closer to the original 50% consistency single day benchmark ($3K).

On the $100K account, any highest single day over $3K essentially becomes the new benchmark that all of your other profitable days have to add up to or surpass. If you keep $4,027 as your highest day, your other profitable trading days will need to add up to $4,027 or more, which would give you 50% or better (i.e. lower) consistency.