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What’s going on guys so I’m going to get into the bests siiz prop firm accounts on some of the uh some of the prop firms here before I get into that we stream live every day 10:30 to noon 2:00 p.m to 4:30 if you have questions come on the stream I ask uh I answer everybody or uh comment on the video and I will uh get right back to you also if you like this video smash the like and uh if
You use any these prop firms use coupon code Cove Trader to save the most amount of money so uh let’s jump into it real quick um the different account sizes I personally so I’m going to go over these are the most common are 50k 150k and then a lot of people like the 25s um the draw down there’s no more daily loss limit with take profit Trader which is nice this one is an end to day trailing draw down which means
A at the end of the day the highest point when the day ends not in day um but you know you have to get $3,000 2,000 draw down you know so if you did that if you had to make 3,000 and now you got to make three times that three times that’s 9,000 but your draw down didn’t go up three times three times the draw down would be 6,000 here it’s only 4500 so that’s what I don’t like and it’s the
Same thing with Apex you know when you look at these plans um you know the hund you know you need to make $99,000 trailing is $5,000 you know but when you go to a 50k account it’s only 2500 and that’s you know a lot of the newer Traders see the money and be like oh you know $150 K you know bigger accounts bigger payouts but the real problem is uh a lot of newer people end up in Big Draw downs and
Uh it it stops them out you know they’re not able to get to $99,000 they make you know they might make $5,000 and then all of a sudden they come back to almost break even and the accounts destroyed um you know if I a newer person I would probably stick to 25 and 50s because the profit goal and the threshold are pretty much the same you know $3,000 2500 draw down that’s pretty close plus it gives you a good amount of
Draw down to play with you know it doesn’t make sense like the 75k you have to make $1,250 more dollars and they only give you $250 more of draw down just doesn’t make sense same here now I have to make compared to the 5050 I have to make $2,000 more dollars and they’re only giving me an extra $500 of draw down just things like that don’t make sense obviously there’s a big jump here um I would definitely recommend though if you’re
Newer staying with the 50s obviously if you’re more experienced you’re can to have less of a draw down you can obviously pass the 150s or the bigger accounts you know same thing goes with here you know you go from 2,000 end the day to 3,000 but I got to make double the amount of profit Target so if you’re newer stick with a 50k or 250k if you’re more experienced obviously you can go bigger the one thing I will say though with
The bigger accounts are good for with Newark people is they can get a bigger account but trade the account like it’s a 50k so maybe you’re Trading a couple micros and you can basically build a trading strategy without blowing accounts and that’s the only time I would say a newer person should get a larger account but I hope this shows you a little insight on the draw downs and what account size uh you should go with
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