Straight out of the camera.
My apologies for the large watermark, unfortunately too many lame digital thieves out there and 500px does not care about protecting your photos, it is easily saved/stolen.
I highly suggest everyone to watermark it in a very visible and identifiable way.
Take pride of your work and expensive investment and do what you can to minimize digital thieves from using what is not theirs.
Have fun and keep living your dream!!