👉 Link For Free Stuff And Exclusive Discounts https://linktr.ee/covetrader
Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on, guys? So, I’m going to give you one trick that might be able to help you turn from not profitable to a profitable futures prop firm trader. Um, you could actually use it in other aspects of trading as well. But before I do, uh, I just want to let you know that we stream live every single day, once in the morning, once in the afternoon. So, if you want to watch me trade for free, just hit the subscribe button
Below. Smash the like button if you like the content. Uh if you’re looking to get a proper account and you want to support this the channel, use coupon code cove trader. Also in the description of this video is a link to our free Discord, our free exclusive uh properform discounts, our free futures course. Uh there’s a bunch of free stuff. It’s all below this video. If you want to use it, go for it. Um but yeah, so let’s just jump into
This. The one thing I see a lot of people do is oversizing. So basically, you start your prop firm account and right away it’s one mini or it’s five micros. And what happens is you cannot control um viewing it going red and then the amount of money it’s red. All of a sudden you’re down 100, you’re down 200, you’re down 400, 500, and you just get out of your position. even though you’re making the right decision, you’re too busy looking at
P&L. So, one thing I would say is stop looking at P&L. Just start trading the chart. Look at the chart. Trade the chart. You know, argument sake, like, you know, I actually took a trade in here and I got stopped out and I ended up getting back in and it won. I took this live. Um, but you know, if I was looking at P&L, you can definitely get knocked out of a trade. You know, it’s so easy to be like, “Oh,
It’s down 400 bucks.” So, the next thing I would say is without don’t look at P&L, but also if you’re brand new, just trade with one micro. One micro. One micro every 10 points is 20 bucks. So, argument sake, say you ended up getting in, I don’t know, at $800. I mean, it runs up here. You made yourself $100. You know, you you can make yourself a h 100red bucks in 10 minutes. You don’t need to trade five micros, one mini
Size down, and then put whatever your stop loss is, put it further. you know, have a 50point stop-loss. The idea of this strategy or I should say, you know, going about this method is for you to get used to watching and playing the candles and not the P&L. Being that you could have a 50point stop, 100 point take profit, that means you’re going to get in. You’re not going to get the best entry. Listen, you’re brand new. You’re unprofitable. You’re probably
Not getting great entries. But with this is you’re allowing your bad entry to still run because you’re giving yourself 50 points to the downside uh you know or 25 points to the downside and 50 to the upside. So it’s 50 bucks you’re risking to you know gain a 100, right? Uh so it’s 25 stop loss. So say you got in over here 25 stop loss brings you all the way down to 60. Um, that’s what I would probably say. 25 to
The down, 50 to the up. Your riskreward is two to one. You play one micro, and you just play whatever strategy you want. You want to play order blocks, breaker blocks, uh, you know, inversion fair value gaps, uh, you know, pivot points, any of those ICT turtle soups and silver bullets and all the other stuff. That’s just what I would say to do. If you’re brand new, go one micro, 25 uh 25 point stop, 50 point take profit. And listen, you
Don’t have to just wait. Listen, like you’re in here and it starts to run. Move your stops up. Get used to moving your stops up. You know, hey, we’re we’re up here now, right? Move my stop to maybe this wick or the bottom of this candle. And you just slowly move up to your takerit, you know? Same thing on the downside. Just be used to moving it around, playing the candles, stop playing the P&L, and that will help you go from
Not profitable to profitable. So, that’s a little tidbit. Let me know your thoughts. Let me know once you try it, what you think. If you have any questions, comment on the video, come in the Discord and ask, or hit me up on the live
Leave a Reply