✅ 80% Off Apex Trader Funding Coupon Code COVETRADER
Transcript
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What’s going on guys so the Hot Topic is Apex Trader funding I’m going to go over the new rules and I’m going to go over some things that no one’s even talking about which I find interesting um I’m going to go through it all on this uh video and I’ll try to go through everything that people were asking on the live stream by the way we live stream here every day uh 1:30 to the end of the day we trade live
And and uh if you’re looking to save money on apex use coupon code Cove Trader uh it’s also in the description as video you’ll save 80% it’s uh $85 Pas and uh $35 resets or yeah so anyways my brain’s going crazy looking at all this stuff and here it is so they just put this email out and it’s a little bit of everything and we’re going to talk about as much as I can about it um so basically they rolled out
New rules everybody’s talking new rules everyone’s jumping to conclusions oh this sucks whatever whatever think about it like let’s really go through it like a uh person and see does it really affect us um basically just to start from the top uh they’re getting rid of the flipping rule so that that’s interesting that’s pretty good um they they’re getting rid of the DCA Rule now that is a major one because they denied a ton of people so everybody that got denied
For uh dcing is now would get paid so that seems like a positive right there right I mean I would say yes because also I used to trade with um entering a trade four different times it’s instead of buying with minis I used to buy five micros in four different sections and kind of leg into my trades and that was something that they didn’t want to happen and now I can go back to doing that which is awesome so that’s actually
A huge positive for me no more bracket breakout rules I like the bra I like that so if you don’t bracket trade you can kind of set buys above the breakout or sells below so as long as once it breaks one way or the other you can get paid um you can do that with short uh take profits also so you can easily get you know maybe two or three points um bracket trading uh it’s definitely something that I’ve done in
The past and I like that that’s back no more morning opening trade restrictions that’s good for anybody that trades the open um I have traded the open range um before and I stopped because they implemented that rule so being that they’re getting rid of it I can go back to doing a uh strategy that I like doing so I was doing it in other firms and now I’m back uh probably going to do in Apex going forward no more news rules
Now you’re going to be able to trade news uh I’m guessing that’s in your funded account so that’s awesome you can trade news in your funded account you can make a lot of money trading news you could also blow your account so watch out also what you guys don’t realize is trade of8 sometimes lags around news so just because you can do it doesn’t mean you always should do it and that’s with a lot of things in life um no more
Auto Trader bot Auto strategy rules okay okay that’s interesting I don’t I don’t do any of that anyways that doesn’t pertain to me contracts Apex contract scaling half contracts until trailing threshold stop example if you have a 50k account you can Max trade 10 contracts under scaling rule you could trade five okay well let’s be real I mean most people are not trading five minis in their funded account so somebody that’s like oh will they have scaling right now most likely
Wasn’t trading more than five minis anyways because if you’re trading five minis in a 50k account one bad trade could destroy the whole account so most likely you were not trading five minis risk management do not risk more than $500 to make a 100 that that stuff doesn’t even pertain to me this is just no rules on all right well we went over all that here’s the 30% rule that everyone’s been talking about by the way they also have the buffer
Rule other firms have it basically you could now only withdraw over $52,000 so you have to get over $52,000 and then you could take out so basically once you reach 52,600 you could take out I believe it’s $500 bring it down to $2,100 and then you got to build it back up to get paid previously you can withdraw all the way down to 50,500 but you would essentially be burning the account because the buffer is so small after that that the
Majority of the time I would lose that account so it’s going to be interesting that they limit the amount of money I could pull out because I’ll probably end up keeping the account much longer and I think once you pull out five times you can pull out as much much money as you want I will most likely keep my accounts much longer this way it sucks that you can’t pull out all the money that you used to but in the long
Run you might be able to keep your accounts longer and get paid more that’s going to be something I’m going be looking into um so this is a 30% negative p&l basically they don’t want you to lose 30% on one single trade um I never if I have a 50k account they don’t want the trade to go minus 750 or more I mean if you have a 50k account you probably shouldn’t be down 750 in a trade anyways um because that’s
About that’s well it is it’s 30% of what your draw down is so I never risk 30% of my draw down on one single trade so that that doesn’t affect me and honestly you shouldn’t be risking 30% of your draw down on one trade either so that should not really affect you anyways imagine if you had a trading account with a 100 Grand in it and you were risking $30,000 on one trade like it just doesn’t happen that’s just doesn’t happen
So you shouldn’t be doing that anyways um it’s not a daily loss basically yeah I mean you know then they just kind of give you examples on how like what size account what you could lose on the trade I mean I wouldn’t even go anywhere near that the most I lose on a 50k account in a funded trade maybe 300 bucks you know so I’m nowhere near there I mean I like to keep my losses small you know but right here
It does not mean you’ll be denied does not mean that you’ll be Dy to pay out I mean it’s all very interesting um once you have doubled your safety amount you go up to 50% well I mean I probably wouldn’t go to 30% so why would I go to 50% um I think overall most things the biggest thing change to me is the amount of money um that you got to get to pull you know $2,000 out previously you just had
To get to 52,600 now you got to get to 54,600 but when you do pull your 2,000 out your account will most likely stick around a lot longer because now you have a decent Siz buffer instead of having a $500 buffer I I’ll have you know like a $2,000 buffer so I’m probably going to keep my funded accounts a lot longer this way so I think in the near term it’s going to suck because you’re not going to get those payouts
Like you were but in the long term um you’re probably not going to blow funded as many funded accounts and you will still get the payouts because once you’re over the buffer it’s it’s it’s all that matters is it’s just an extra $2,000 and once you make that you just keep making money and pulling it out so I think near term it’s sucks but long term it’s whatever I’m not really worried about this I’m probably going to keep trading with Apex
If you don’t want to trade with Apex anymore I recommend takeprofit Trader or my funded Futures uh you can use coupon code Cove Trader save yourself a bunch of money on either one of them but the rules there are pretty easy um I’m still going to trade with Apex um I don’t see myself leaving because of this it you know just I just I got to make the money anyways if you want to pull it out so what does it matter
Um you know my buffer is going to stay large which is nice and it is what it is so you know that’s my thoughts on this new um new Apex thing that’s going on um I think what a lot of people aren’t talking about is they can change these rules tomorrow I think a lot of people aren’t talking about it’ll probably save your funded accounts and you’re probably going to keep them longer um I think if you’re anti- Apex you’re definitely
Not talking about that but that’s one of the realistic things is you’re probably going to keep your account longer um with these rules in place um the reality also is you you know like I trade sometimes and I make like a hundred bucks in a day like I got to for a little bit bigger targets if I want to get to $54,600 you know $100 a day doesn’t really cut it I got to be getting you know $300 a day or
More um to get there you know and also the consistency rule is 30% but if you’re getting to 54,600 you can make a lot more money in a day than you were previously and that’s something else people aren’t talking about so there’s a lot of things people a lot of benefits that people aren’t talking about that are interesting here but hey if you don’t like the new rules go to take profit Trader go to my funded Futures go to you know
Another firm or you can load up money and trade in like an E Trade account so you don’t have to use Apex so anybody that’s like oh you know you just keep keep complaining you don’t have to use them that’s the beauty about this is you don’t have to give them your money so I hope this clears up a couple things if you have any questions ask in the Discord the Link’s in the description of this video if you’re not in
There also you can ask on the live stream and I will go over um I’ll go over anything that you have questions on so I hope this clears up a couple things and uh I’ll see you on the live stream tomorrow
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