If You Trade Prop Firms This Could Happen To You – Apex Trader Funding, Topstep – Take Profit Trader
Transcript
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What’s going on Traders so if you trade prop firms this is the absolute worst thing that could happen to you before I get into it I want you to make sure you subscribe we go live every trading day 1:32 o00 till the end of the day also there’s a link in the description of this video for our free Discord chat as well as discount codes on a bunch of different PL firms all right so this is the worst that could happen
Some firms depending on the deals that are going on you can get rebuild at a higher rate than what’s going on for example um Apex had a deal that was going on they were doing 90% off so 90% off was $18 for an account but if you don’t cancel the account after it’s blown up they rebu you at like $35 or $37 you got to look in the dashboard while it’s cheaper just to cancel the account and just get the new
Account at the discount also some firms have one where even if you blow the account up if you do not reset the account you’ll just be keep being rebuild as well which means you’re being rebuild for an account that doesn’t actually you can’t actually traded so these rebills that are left in can can just Crush you um also you may not even want the account one day I woke up I didn’t even want any accounts um because you’ve seen me I
Had 15 funded accounts and Apex rebuild me for five evals and I I I didn’t even need them um so these rebuilds will absolutely destroy your credit card and what you got to do is you got to go in your back end and delete it um also you want to check when you subscribe so like argument sake say you do the discount here the discount brings you to $100 um on takeprofit Trader use discount code Cove Trader um it brings you
To 100 bucks but you just got to make sure that if you get rebuild that you know when you blow the account up whatever the reset is it might be cheaper just to get a new account account so just can the account cancel the account and get a new account that goes with TOP Step as well um you know sometimes the resets are more than a brand new account so just cancel them and get a new account also if you just
Leave it in like I said it will reset you at a rate that’s most likely higher than a deal that that the company is running and you know there’s no reason to pay the extra money so what you need to do is you need to go on the back end you basically log in you go to the dashboard and then basically just if you blow the account just check how much money the reset is versus how much it is to get
A new account and go with whatever is cheaper or if you don’t even need the accounts go in there and delete it like I had bull KN so um after tomorrow I can request uh three funded accounts with bull Kno and that’s the most you could have um until I get one of those funded accounts to a payout so I had a bunch of other accounts in there that were blown I basically just canceled them otherwise I’m going to get rebuild
1750 and I don’t need the accounts because you can’t do anything with them so I just want you to be aware of the rebills I’m not so sure but I think TOP Step um resets and and the rebuild is like two different things so like if you reset the account account you can still get pinged with the re so say you buy an account on July 1st and you blow it on July 19th and then you reset it on July 19th
Also you might get that rebill on August 1st same thing with Apex if you buy an account on July 1st that’s going to rebu you on August 1 even if you reset in between so you don’t want to reset an account if it’s going to rebu you soon anyways um you know these are all things that you have to think about when you’re using these pop firms is the reset the rebuilds um you know there’s a strategy not this isn’t really
A past strategy this is a strategy to save you money strategy and I’m just kind of showing you that you need to look what’s cheaper resets or just get a new account and then the whole uh rebu thing um you need to really pay attention about rebills and uh you know be sure to go through your accounts see what accounts you need you don’t want to wake up to having 15 rebills so just something that I want you to know about
And that you check you know at least once a week any rebills coming up cancel the accounts before they rebill um and then uh you know if somebody’s running a deal you don’t want a rebu at a full amount when you can just cancel the account and get the uh and get the deal so that’s it guys just trying to save you money all right I hope to see you guys on the stream I’ll talk to you later
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