✅ 40% Off Take Profit Trader Coupon Code COVETRADER
Transcript
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What’s going on guys so there was a question asked on the stream about the uh account draw Down based on evals versus funded accounts within takeprofit Trader and I’m going to go over all of it if you want to get a takeprofit Trader account now is a great time it’s 40% off plus never pay an activation fee if you use the coupon code Cove Trader um it’s in the description of this video also we stream live every day 10:30 and then
Again at 2 p.m but uh yeah the deal they they’re running right now is amazing 40% off and then when you pass that eval where other firms charge you the activation fee of $85 or $148 or 150 bucks there is no activation fee here so make sure you use right here coupon code Cove Trader and click on the link in the description of the video so all right there’s two different types of draw down there’s daily draw down actually three there’s
Daily draw down there’s intraday draw down and then your uh your whole account draw down so you have we’ll start off with the first one first they have a daily loss limit here depending on what account you have your daily loss limit you can’t can’t lose more than $1,100 each account size is different so if you want a larger daily loss limit you go with a larger account that’s the best way to do it I like 50ks but a lot of
People don’t like the tight or tight ER daily loss limit so they do 150s um I stop once I’m down about $800 so I never really hit this I have a mental stop and this is how much you can lose in one day then the end of day draw down is a an account as a whole so say on day one you make $1,000 and you end it at 51,000 but during the day you went as high as 52,000 and then
Your account you made some bad trades and you ended at 51,000 well your draw down is based off the end of day which is based off 51,000 so your draw down has moved from 48,000 moved up a th000 because you gained 1,000 in your account now you went from 48,000 so you can’t go lower than 49,000 the that’s how the eval Works once you pass the eval and go to a funded account it’s in day which means take the same example
You trade you go up to 52,000 but you make a couple bad trades and you go back down to 51,000 the $22,000 draw down is based off the high of the account which is 52,000 not the end of day 51,000 so now you cannot go below 50,000 and that’s how the draw down works that’s why a lot of people prefer end of day draw Downs that’s also why some people prefer um larger accounts with the larger accounts you get a larger
Uh trailing draw down so what they do is they’ll get a larger account but trade it as if it’s a 50k account so you’re still trading the same as you would a 50k but you’re basically buying yourself a larger daily loss limit and a larger end of day draw down and basically just to give you an example not example but take profit Trader Pro and then after uh $5,000 you go to Pro Plus and that’s it but that’s how the draw
Down works the big question in the chat was about the draw down on takeprofit Trader I just explained it to you if you have any other questions about it comment on this video or come on the live stream and ask or ask in the Discord the free Discord link is in the description of the video all right I’ll see you guys on the Stream
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