✅ 80% Off Apex – Coupon Code COVETRADER
Transcript
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What’s going on Traders so this is the update to the 250k Apex challenge account um they’re pushing the 250k pretty hard um it’s by the Numbers it’s the hardest account to pass I typically stick to 50ks because you only have to go up 3,000 and the draw Downs 2500 um it’s almost a one: one and then when you go to 250 I have to make $115,000 and the draw down is $6,500 which means I got to go more than double the
Draw down um to pass the good news is once you pass you only need to do uh I think it’s uh 56 or $6,600 to take money out um you know and you could take see what’s weird is a 50k account you could take $2,000 out a month and 250k account you could take only $3,000 so it’s not much more money you could take out I guess the biggest benefits is um once you pass you know you could really make strides
And trade it and your draw down is 6,500 bucks so you could take some real good shots and try to grow this account you could do the same thing with the 50k account account but you need to get out of the weeds first you need to get once you get the 50k account to 56 or $57,000 it’s literally the same thing as a 250 account um you know your draw down is 65 you know if you get that uh 50k account
To 5600 and uh 56500 it’s basically the same draw down as the 250 account and then obviously as you you keep going up the draw down doesn’t even matter anymore um you know it it’s whatever but I’ve wanted a pass one I tried twice two times um once recently and once or months ago I guess the one recently I was up to $262,000 and I ended up blowing it and this one um you could see how close I was cuz I
Was up $4,500 from where I am right now so I was about $1,500 away from passing I took a shot it went against me um now my draw down is only 2,000 and I need to make about five grand so basically I need to take a a good trade and probably hit it for about 600 or 1,000 bucks to get this draw down up a little more um you know you know my biggest problem so if you look this is uh
You know this was Friday my biggest problem was these candles are very Wicky um the volume was light lot of uh so this was definitely like a bare flag setting up and we broke it a couple times and just Wicked right back up I think it was due to the lack of volume um just wasn’t a good trading environment and that’s kind of where I lost cost the money um I took a sizable shot somewhere around here for uh bare flag
Breakdown and we just I think we got it and then just shot right back up it is what it is um you know it’s not a funded account so I treat funded accounts much better but realistically the 2 the 250 account is kind of I’ll never do another one again 50k accounts I’ll wear it’s at for me because once you get out of the weeds and you grow it a little bit the accounts are literally the same there’s no difference except
For the fact I didn’t have to make $155,000 with a $6,500 draw down um more people blow the 250 accounts than anything you know I can’t even tell you how many times I’ve you know with these larger type accounts where I’ve made5 $6,000 real quick where I would have been funded easily with a 50k and ended up blowing it and having nothing so that’s why right now uh I’m sitting on 11 funded accounts all of them 50ks and I’m just trying
To do this to see if I can do it my friend passed it um on Friday or Thursday and I’m just trying to pass it but I won’t get another one um basically I’m going to try for a nice uh Pivot Point rejection or something like that on I I won’t trade Monday Monday’s light is Memorial Day so on Tuesday I will hit it pretty hard with something and um honestly I’m going to hit it hard enough that I’m probably going
To go from draw down I’m probably going to lose, 1500 or I’m going to smoke the account or I’m going to make2 $3,000 on the trade and get me to where it needs to be and uh yeah that’s pretty much it I’m probably going to do one solid trade um but when I mean one solid trade doesn’t mean I’m just going to buy 10 contracts in I’m probably going to Le into uh leg into a position and um you know that’s
What I’ll probably end up doing is leing in and uh you know just a quality setup and try to grab2 $3,000 get my draw down back up to like 5,000 get the account to like 263,000 and then I’ll be in the driver’s seat to just put it over so that’s it I mean the first day I made uh 9 Grand on this account the second day I was up like 4,000 and then yesterday I took a I took like a $3,000
Hit so it is what it is we will come back uh come back on Tuesday anybody else trading these comment below I want to uh hear what your thoughts are but those are my thoughts on the 250k Challenge and um you know obviously I want to pass it but after this I’m going back to 50s only um if you want a bigger account um I would say the 150 is the way to go um but yeah that’s where I’m at so
Be sure to subscribe for more updates and uh yeah I’m going trading live soon next month so make sure you’re around
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