New Day Traders and Unprofitable Traders Need To Watch This

New Day Traders and Unprofitable Traders Need To Watch This

Transcript

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What’s going on Traders so I’m bringing you a video that every new person new Trader maybe even some people that have been around for about a month or so should be watching um and I’m sure you guys that have been around for a little bit can agree with what I’m saying so before I jump in I want to thank everybody that’s on the live stream every day we typically stream in the afternoon 1:30 to the end of uh clothes right here

On YouTube free for everybody so let me jump into this um if you’re a new Trader and you’re watching this and you’re just getting into prop firms you’re probably overwhelmed because there’s so many what to choose from your sole goal should be finding the cheapest prop firm that gives you a 50,000k account that will allow you to test strategies you do not need to pay $100 from a prop firm um you know for an example TOP Step uh not TOP Step

Takeprofit Trader is great I think they’re unbelievable platform but if you’re brand new you do not need to pay $85 or $100 for an account because the odds of you getting the payout which makes take profit Trader great is you can get a payout on day one you’re not getting a payout on your first account I’m just being honest with you you’re not getting a payout on your second account either so what you should do is you should look for a

Inexpensive account um if you’re not looking to paper trade I would get maybe an account with bullnox if you have uh rhythmic Trader you could that’s free you can get a $17 account with bullnox um sometimes Apex is running a deal you know those are like 30 bucks $35 um and I’m not saying I’m not pushing these I’m just saying there’s other firms also that are out there I want you to spend the least amount of money as possible to learn

And the goal is to get this prop firm account and to try strategies on it because you’re probably going to blow it you’ve probably never traded before or you’ve never tra traded the NQ or the es and you’re going to lose money let’s let’s just be real you’re you’re not going to be great at it in the beginning so to save you money I’m just saying some firms actually give you a free account um you know they have giveaways TOP Step

I know does a you know sometimes does a giveaway um top step’s not a bad one because if you get hosed they have a daily loss limit that’ll cut you off but you won’t blows it doesn’t blow your account account and basically you have the account for the next day but you know you really want to pay as little as possible and just test strategies and then once you’re at the point where you’re actually passing the evals then I would say

Hey look look at it look at the guys that you know are paying you that are paying people you know that are consistently giving payouts to uh to Traders you know but in the beginning I would use one of these offbeat ones that are super cheap because it doesn’t really matter you’re you’re most likely not getting a payout and I’m just being brutally honest with you um that’s something that most of these guys don’t tell you is you know it is

What it is the idea is for you to develop a strategy over over testing things using as little money as possible and then once you’re profitable you switch to a firm that you know will pay you out and that’s when you play with you know the bigger guys a lot of the times the ones that you know now you’re getting into that TOP Step that takeprofit Trader where you can get paid on day one but you’re going to pay for it

In an 85 or $100 eval account so I just you know want to throw that out there also if you’re on live streams and the trader is not if you ask them questions and I’m not saying the chat’s going too fast so they can’t answer you I’m just saying if you ask them you know things about their setup things about their indicators their strategy and they don’t want to tell you what it is just leave leave that stream unsubscribe you’re not

Going to gain anything from it it’s just it’s you’re not going to gain any knowledge from it you’re just going to get you’re just you’re just being there to be there and that that’s not what you should do you should be asking about what’s on their charts what these lines are what they look for in setups um you know and then what you do is you throw it on your chart and then you might back test you might go and say

Hey you know what happened around that you know what happened here what happened and you start looking and you’re like okay well maybe that works for me so let me throw that on the chart and then when you’re Trading you kind of have it up there in the beginning you probably have a lot of things on your chart and all you’re doing is playing to see what works for you I can give you my setup which I do on live um

But not everybody likes it and that’s fine that it doesn’t work for them this is what works for me this is what made me profitable and that’s it but I would definitely say you got to ask questions on these live streams and if you’re not getting an answer leave leave the idea is to gain knowledge that’s why you’re on YouTube you should be watching People’s videos um you know especially guys that are getting payouts you know if they’re getting payouts and

They’re willing to share their information with you you should probably be listening that’s that’s you know that’s probably where you should be at um you know you want to gain as much knowledge you know it’s crazy but you want to go on these streams and suck Knowledge from the person that’s on the stream because most likely they’re getting paid out every month most likely you are not getting paid out every month and you you know if you could pick up one

Nugget from this guy on the stream and then you go to another stream and pick up another nugget and then you kind of put it together to create a plan and then the plan starts working you become profitable and then you could start pulling money out and then things will change for you and you’ll start understanding other things better um you know it takes research on Saturdays on Sundays you know pop it open for an hour go through the chart and

Look hey what happened around here you know what happened you know at at the orbs what like what does this script do what does that script do like here’s all all these indicators that I favored did are all ones I’ve gone through and and literally like tested went back I put a lot of research in a lot of these indicators and then I basically came out with the setup I have today and you know this is what you should be doing

Um and just learning learning trying to spend as little money as possible is where you should be at and then once you become profitable then you should start attacking these bigger firms for you know same day payouts and everything else so I hope this video helped you to kind of direct you in the right direction of what you should be doing um and if you have any questions hey just comment on the video just comment comment My Stream ask questions and

I’m uh I’m here to help you as best as possible all right I hope you guys are enjoying your weekend and I’ll see you again Monday on the Stream