Author: covetrader

  • Prop Firm Strategy Paying Off This Week – Payouts Each Week.

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    What’s going on guys so we had another good day on the stream um before I get into that if you’re new watching this we stream every day 10:30 till noon 2: p.m. to 4:30 uh smash the like button and if you want to support the stream use coupon code Cove Trader um I have uh a pretty good video coming out over the weekend I’m going to do a back test and not only I doing a back test I’m going to do

    A monthly recap as well and uh that’s all going to be out over the weekend but uh yeah I mean we we did pretty well today so I blew one eval which was right here other than that this funded account is up eval is up this is a funded account up about 600 bucks uh these are all I only have funded accounts in Apex so I have 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

    16 funded accounts we were doing well this account was only down $72 until I got yo-yoed at the end of the day um I knew it was going to drop and sure enough I mean I just took little L’s little L’s and then finally we got the drop um but yeah I think overall it’s good um we secured payouts we got a payout uh I’m trying to think last week we took out two payouts requested a third got denied um this

    Week I took out another payout from uh TOP Step so that was good uh we’re getting payouts pretty much every week so far so things are going pretty well um today was definitely one of those days that anything could happen um price action Was Not Great by the way I’m testing out some new uh some new indicators by the way uh I will make some videos about them as well you can see look we broke the trend and that was my

    Entry um so yeah testing out a couple things also a couple different time frames as well I’m I’m going to start one of the things that people have said to me is they want a little less scalping and more like longer trades so I guess people you know whatever I am going to start doing longer trades with smaller size so it’s easier to look at and really trade off to five um that’s that’s going to be my goal going into next

    Week to just make it easier for people because I know I do scalp I do scalp with size sometimes and you know even though I Scout two minis you know quick five 10 points it’s great for me because I’m up two 300 bucks 400 bucks but uh it is harder for other people to kind of get why I did it and even though I go over the trades I think smaller size will be a little bit better um so yeah so

    I’m going to go over that I’m hoping to take an apex pay out I have this account that’s close this account that’s close this account is over and then I have this account and this account that’s close so we’re close on a lot of lot of accounts for payouts um I got a bull KNX account that is about a th away from payout so we are in line for some payouts next week um and that’s pretty much it I think overall

    It was a good week we did poker if you want to learn more about that uh come in the Discord come on the live stream we’re going to continue doing poker and uh pretty much it I hope you guys enjoy the weekend Super Bowls this weekend and uh yeah enjoy everything I will see you Monday at 10:30

  • Best TradingView Indicator with 86% Win Rate! (Insane Accuracy!) – Pass Prop Firms And Get Payouts

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    Transcript

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    What’s going on guys so I just found an indicator that is literally 86% right for big gains many of the time I am going to be forward testing this live on the stream next week uh we stream every day 10:30 to noon 2: p.m. to 4:30 I am going to be adding this trade to uh to the Daily uh first I want to shout out to I can’t think of who it was that told me about this indicator um but they’re

    Live on the stream also if you like these types of videos smash the like button uh subscribe so you get notified when I go live and if you want to support the channel use the best coupon code out there coupon code Cove Trader when buying any prop firms it will automatically give you the biggest discounts at all the major firms so I guess let’s jump right into it I actually tested it out and on my trusty sheet it was uh 28

    For 33 um the rules are you do not trade uh the last five minutes of the market and the first five minutes of the market other than that it’s free game um I’m going to go into what the indicator is right now um and I’m going to show you some cool things about it so let me just first of all we’re on the five minute chart this has uh nothing to do with it nothing to do it so basically you going

    To go on the F minute chart this is a free indicator with uh trading View and it’s by Lux algo it’s called three bar reversal pattern and basically it forms these little three bar reversals and uh it just works it just works I am going to cancel out of the replay mode this is literally today you would have caught this top um basically my stop would be the top of the box so in theory this would only be one uh alert

    Because you’d get this alert you would have went short at 7:09 your stop would have been 7:30 you never retouch 730 and then you could easily get I mean easily get 10 points but forget about 10 points you would have caught uh the dump you would have caught the dump dump um but I’m just going to show you I’m not going to go through all of it I’m just going to show you a couple things and I want to talk about

    It uh further but I’m just showing you that’s a down one uh this is right off rip I probably wouldn’t have taken this because it’s the very beginning of the day it doesn’t really work that good uh during other sessions I should say New York is really where it works you know this is a winner this is uh that’s pre-market but this is a winner to the up you would have caught uh uh well this is right at the end of

    The day you would have caught that I’m just trying to get one that’s here you go right here there’s a couple of them so right here one two three up easily would have smashed would have smashed again um it just works so it’s something I’m putting on my on my charts I will be using it um I’m going to talk about this in the Discord if you’re not in the Discord the links in the description of the video um I have

    Many other videos like this one but this it just works a lot shout out again to whoever showed me this on the live stream but as I back test it um lots of winners just lots of winners you know these are quick little scalps you know this three bar and then it’s you would have closed right here and down would have easily got got paid um so yeah it was 28 for 33 84.8% win rate 5 minute chart on the NQ

    I haven’t tested it on crude I didn’t test it on gold it’s something I’m going to be forward testing um next week I most likely will use minis not min uh like five micros just to get my feet wet and then maybe I’ll move to minis so that’s the deal I needed to show you guys this awesome little indicator if you don’t have trading view make sure to get it um so yeah I will see you on the stream if you

    Have questions comment on the video and I will be sure to get back to you

  • How I Am Playing NQ Off Amazon Tonight, Payouts, Tonight Stream And More!

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    Transcript

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    What’s going on guys so another monster day in the chat um before I get into that we are doing uh prop for poker tonight if you want to join uh go to the Discord it’s free the link is in there if you don’t have a link to the Discord it’s in the description of this video uh if you’re new we stream every day 10:30 to noon again 2:00 p.m. till about 430 and uh if you want to support the channel use

    Coupon code Cove Trader it will automatically give you the biggest discounts at all the prop firms takeprofit Trader Apex my funded Futures tradify and many more so uh I’ll just get into the day we didn’t really trade much um we just picked our spots and then we basically slammed it uh you know we did this after hours I did this after hours um after hours trading was good uh obviously Amazon had earnings I’m going to get into what I uh my

    Trade plan for Amazon uh once we reopen at 6 I’m going to get into that at the towards the end of the video but I do think um we had a good day I had one one issue this account I blew I ended up passing the account so that will replace it actually this account I blew I already took a payout so that’s already a payout account um I got another day in here I’m going to take a payout out of

    This account and um yeah so that was good my funded account my Pro account with take profit Traders up 325 on day one these other ones I’m building up as well pretty good so we had a decent day there and they already took this out but I did about $200 in this funded account um and as you know I already took a payout they paid me yesterday in TOP Step so today was the first day of trading this all I did

    Was Scout this just for a little breathing room um I am going to trade this account once we reopen at 6 o’clock um I’m going to go over the Amazon earnings call and kind of decide which way I’m going to take it right now I’m probably I was leaning down even earlier um as of right now Amazon’s starting to sell off so what I think might happen is we might open at 6 we might pop a little bit and then I

    Would look for either a gap fill to short and I’m basically going to hold uh five five micros um and I’m looking to hold it pretty much all night um you know this is end of day so I’m not too worried and I’m willing to risk the account that’s about 70 points uh I’ll be able to give up so 70 points is pretty much uh depending on where we open up it’ pretty much be high a day it would be my

    Stop and it is what it is that’s what I’m willing to risk and um you know I I do think that wherever Amazon goes it’s going to push the market so I think we can get a really nice trade I am going to though dig into the Amazon conference call the numbers and make sure I have the right play before I uh I take it but uh I’m also going to be trading live tonight uh I’ll jump on around 8:15 trade

    The uh Asia session while we play poker so if you want to trade tonight come join if you want to play poker and trade come do both but uh we should have some fun tonight so that’s pretty much the deal but yeah we’re stacking gains taking payouts uh I feel like every week we’re taking payouts one two or some some weeks three payouts so if you want to join the fun of payouts come on the live stream tomorrow uh 10:30 all

    Right hope you guys are doing well and I’ll see you tonight if not tonight tomorrow

  • Yet Another Topstep Payout! 🚀 | Big Wins & Insights – Topstep TV

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    Transcript

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    What’s going on so we are about to pull out uh another TOP Step payout uh we’ve just been pulling out payouts all over the place Apex my Futures TOP Step um before I get into that we stream live every day 10:30 to noon and again 2:00 p.m. till about 4:30 uh if you want come on the live stream uh uh we are just banking money over there if you want to support the Channel smash the like button subscribe make sure you

    Use coupon code Cove Trader it will automatically give you the biggest discounts at pretty much all the prop firms but yeah so here I am again now you’re going to say why are you only taking out that amount of money well I’m going to tell you right now as soon as I reach the minimum I take out what I can and basically covers the account which is the eval cost the activation fee whatever else so I take the max out so

    I know no matter what this account is positive and then when I trade with it I know I already took out my Max and I just now build it back up obviously when I build it back up the second time I aim for much higher amounts but right now I could take a $600 payout out uh average winning trade the uh percentage 76% um yeah so I mean just you could look at the stats I uh I am not in trades

    That long as you can see I did not even realize that but I definitely do scalp a lot um you know I’m just looking at the uh the average trades this is pretty cool never really seen this before obviously some days I trade more than others my goal is literally I hit the $200 a day I’m done and then I uh I just move on to uh another account so I am going to request a payout here uh and I just

    Want to show you everything and like I said always take the most amount of money so I’m about to request here and let’s see how it goes all right so I hit request payout this is the screen I’m at um I am going to reest Quest a bankwire that’s how I did it last time it’s how I do it every time so I am going to continue and I’m just going to hit the button so follow along okay so I just

    Followed along I submitted for $64 which was the max that I could um I’m just going to make sure they take the money out and then if as long as it’s out of my account tomorrow I’m going to be back trading this and now the next next goal is to just build this back up um to maybe 52 53,000 and just keep taking payouts along the way but now I know I’ve taken out enough money that all of my costs for

    This account are taking care of um so just say it takes 150 for the activation 50 bucks for the thing so it’s 200 bucks I have4 400 extra to spare which would be more than enough for say three more evals and a funded account that’s 150 250300 so yeah I’m still uh I’m still in the positive to get another funded account if this one goes being that if my pass rate was 33% so always take the max payout and if you

    Want to watch me grow this account uh tomorrow or anytime on the stream come join us all right

  • Best Advice For Prop Firm Payouts – Take Profit Trader, Topstep, Apex, My Funded Futures

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    What’s going on guys so I want to give you some really good advice on Prop firm payouts and how you should handle it um this is something that a lot of people should do and they don’t do uh before I get into it we stream live every day 10:30 to noon again 2:00 pm to 4:30 um also if you want to support the stream use coupon code Cove Trader it uh will automatically give you the biggest discounts at pretty much all

    The firms so um let me get into this I want to show you what I do and it’s probably what I feel is the best way to go about things uh so here’s my Apex accounts I’m just going to show you this I’ve gotten three payouts I just submitted my third payout this week so I submitted payout on Monday Tuesday Wednesday um actually you going be watching this on Monday I’m making it on Wednesday but you’ll be watching on Monday because

    I’m going away but uh what I like to do is I get to 52,600 I take out $500 which is the max that you could take out people like oh well why don’t you go for more money if you take that $500 out you have covered if you’re one for three in eval to go over your eval cost would have been about a 100 bucks then to get funded it was $85 so just call it 200 bucks so when you pull

    That $500 out you’ve taken out the cost of getting that account funded and then you also have an extra $300 which can cover getting another account funded in case you blow this one so your $500 payout covers the cost of that account and then and then another time to get another one funded and it only brings you down to 51,000 uh or it only brings you down to 52,1 you could see right here once you trade for eight more days you

    Could take out another $500 so you just trade it back up to 52,600 or 53,000 or whatever you do and you just keep taking out like you don’t need the big payouts the problem is you got guys get to 52,600 or 52,800 and you’re like oh I need the big payouts cuz I see the big payouts on YouTube or whatever just take the money you got the money you’re in the money trade your 8 days get to you know where you

    Can pull out $500 $700 and then take the money again all you got to do is stop get your eight days of trading and then you move to another account don’t just Hammer this one account to get it to 55,000 58,000 just work on a bunch of small payouts and once you lock in like say tomorrow I trade this and I’m up 200 bucks I’m done for the day I don’t want to keep pressing for more and more money I have

    To trade it eight days anyways but why just keep press it like listen my goal here is to get this back to 52,600 and take another $500 and every eight days I take $500 from that account every eight days I take $500 from this account and every eight days you’re just taking money and money and money and then you know if you notice hey I push it a little bit obviously starting at 52,1 eight trading days uh is probably going to

    Get me to 53,000 something I think you got to make a minimum of $50 a day but uh you know I’ll probably be at$ 53,000 000 but I’m not going to try pushing 54 or 55,000 just be happy when you’re in the money same thing with top step five days $200 take your money no need to go for the big gains I made the mistake today going for the big games just stick to small games get the payouts and then once

    You’re in the green where you’re making money and you’ve paid your tuition on the prop firms then you could start going for bigger payouts but get out of play on House money not on your money so that’s my big advice here and it will keep you from going on tilt and trying to get bigger and bigger payouts

  • Did Apex Trader Funding Get Tired Of Paying Me And Did This?

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    What’s going on guys so before I get into this whole Apex thing uh we stream live every day 10:30 to noon 2 p.m. till about 4:30 uh if you like the video smash the like button subscribe also be sure to use coupon code Cove Trader it’s going to automatically give you the biggest discounts at Apex takeprofit Trader bu funded Futures tradify and many more prop firms so last week I submitted a payout for Apex on Monday got approved Tuesday got approved

    For another one I submitted a third payout last week on Wednesday and then I went away uh I did not look until I was back today and sure enough denied somebody in my chat told me I always get approved because I’m a streamer well that is not the case my friends apparently I broke the 30% windfall rule uh my account is at 53,500 but uh yeah I guess I broke the 30% Rule and they’re not paying I know sometimes it’s some

    People have told me that this is a flex rule that it’s not automatic but uh yeah they uh they slam me now so people are wondering what happens I basically got to trade the account for eight more days and then I got to figure out how much I made on that one big day and I have to make that big day under 30% of my gains um and that’s pretty much it but uh I don’t lose the account uh the account’s

    Up a bunch so I guess I just keep growing it but uh yeah it doesn’t matter if you’re a streamer or not uh we get denied also maybe they were just tired of paying me they said hey three payouts in a week is is too much and uh we’re going to cool it off for a little bit I don’t really know but uh at the end of the day I’m going to have to trade this account and uh just build it

    Up I am also $500 away from taking a payout and two more of their accounts so uh we’ll see what happens I’m also submitting a payout today for another prop firm so even though this one was denied I know the other one will get approved so uh pay outs keep coming so if you want to get payouts you want to follow along as I trade uh subscribe come on the live streams on uh on YouTube and uh ask questions and see

    How I trade but uh payouts have been plentyful so far in 2025 and uh I plan to keep taking more through this month so hope you guys are getting payouts also if you’re not come on the stream let’s talk about it uh but I’ll be be on at uh 10:30 tomorrow so I shall see you then

  • Best Prop Firm Account Sizes To Get – Take Profit Trader, Topstep, My Funded Futures, Apex

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    What’s going on guys so I’m going to get into the bests siiz prop firm accounts on some of the uh some of the prop firms here before I get into that we stream live every day 10:30 to noon 2:00 p.m to 4:30 if you have questions come on the stream I ask uh I answer everybody or uh comment on the video and I will uh get right back to you also if you like this video smash the like and uh if

    You use any these prop firms use coupon code Cove Trader to save the most amount of money so uh let’s jump into it real quick um the different account sizes I personally so I’m going to go over these are the most common are 50k 150k and then a lot of people like the 25s um the draw down there’s no more daily loss limit with take profit Trader which is nice this one is an end to day trailing draw down which means

    A at the end of the day the highest point when the day ends not in day um but you know you have to get $3,000 2,000 draw down you know so if you did that if you had to make 3,000 and now you got to make three times that three times that’s 9,000 but your draw down didn’t go up three times three times the draw down would be 6,000 here it’s only 4500 so that’s what I don’t like and it’s the

    Same thing with Apex you know when you look at these plans um you know the hund you know you need to make $99,000 trailing is $5,000 you know but when you go to a 50k account it’s only 2500 and that’s you know a lot of the newer Traders see the money and be like oh you know $150 K you know bigger accounts bigger payouts but the real problem is uh a lot of newer people end up in Big Draw downs and

    Uh it it stops them out you know they’re not able to get to $99,000 they make you know they might make $5,000 and then all of a sudden they come back to almost break even and the accounts destroyed um you know if I a newer person I would probably stick to 25 and 50s because the profit goal and the threshold are pretty much the same you know $3,000 2500 draw down that’s pretty close plus it gives you a good amount of

    Draw down to play with you know it doesn’t make sense like the 75k you have to make $1,250 more dollars and they only give you $250 more of draw down just doesn’t make sense same here now I have to make compared to the 5050 I have to make $2,000 more dollars and they’re only giving me an extra $500 of draw down just things like that don’t make sense obviously there’s a big jump here um I would definitely recommend though if you’re

    Newer staying with the 50s obviously if you’re more experienced you’re can to have less of a draw down you can obviously pass the 150s or the bigger accounts you know same thing goes with here you know you go from 2,000 end the day to 3,000 but I got to make double the amount of profit Target so if you’re newer stick with a 50k or 250k if you’re more experienced obviously you can go bigger the one thing I will say though with

    The bigger accounts are good for with Newark people is they can get a bigger account but trade the account like it’s a 50k so maybe you’re Trading a couple micros and you can basically build a trading strategy without blowing accounts and that’s the only time I would say a newer person should get a larger account but I hope this shows you a little insight on the draw downs and what account size uh you should go with

  • How I Pass Prop Firm Accounts When There Is News – Topstep, Apex Trader Funding, Take Profit Trader

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    So what’s going on guys before I get into how I pass uh prop firm accounts on news uh make sure to come on live we stream live every day 10:30 to noon 2:00 p.m to 4:30 uh if you want to support the channel use coupon code Cove Trader it will automatically give you the biggest discounts at all the prop firms take profit Trader Apex my funded Futures tradify you name it all right so we’re going to get into today was fomc

    Meeting so it’s a good day to show you kind of what you could do um how actually the power at my house went out so I wasn’t able to do this today but I’ve showed people that are on the live stream plenty of times um so it’s kind of like an All or Nothing type thing but it’s not just buying before so we were This was fomc um they came out with the no this was not fomc fomc was this candle

    Sorry about that 2 p.m. 2 p.m. all right so say I needed to make I don’t know $3,000 so I’m going to need you know 30 points right well I this is the candle before I would have gone give myself a little breather order rejected uh they’re not going to allow me to put it in but typically I’ll put an order give myself a little breather I’ll put it up a little bit um and then like if this was it I’ll

    Put it down I usually don’t go for 30 points what I’m going for is usually like 15 points is usually the max I’ll go for especially on fomc um on other times if we’re doing like a jobs in the morning at 8:30 I’ll do you know 10 15 points and basically this was the candle before I’ll put this sell say this was the bottom here I’ll put this sell right here at maybe 447 and yeah I’d be out at 430 I

    Would have got 15 17 points but I use this so it automatically when I put my order in see how it automatically has my take profits already in and what I do is I get rid of my stop losses so there’s no stop loss I put this in so if it if it drops it fills that order and then fills it again and I’m out same on the way up if it shoots up I would get filled to buy and then

    The sell on the way up you could you could see it right you know right there and that’s how I trade it I basically bracket trade um sometimes I’ll go as small as Five Points it depends on how much I need how big I want to go if I do you know 10 contracts Five Points it’s 1,000 bucks you know 10 contracts 10 points is two grand so 15 points passes you an account so you could have got 15 points here

    And passed an account super simple um that’s what I do you can watch me do it live on the stream um I did it live today on meta earnings uh that’s how I got these there’s a 50% consistency rule with takeprofit Trader so I got them right there so that’s it pretty super simple

  • Truth About Prop Firms And What You Need To Be Doing

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    What’s going on guys so I’m going to drop some honest truth about prop firms passing prop firms getting prop firm payouts and everything um basically before I jump into it we stream live every day 10:30 to noon 2:00 p.m to about 4:30 if you want to support the stream use coupon code Cove Trader it will save you the most amount of money at any prop firm so let me get into this real quick quick I will see 99 discussions about what

    Prop firm is better to one descri one discussion about trading strategy everybody’s worried about what PL firm they trade at um you know who’s offering this what’s this and people will go from prop fir to prop fir to prop fir back to this one to this one and this one uh when honestly you should just be focusing on strategy if you’re not using trading View you should get this tool trading view I have multiple tabs so I have one two three

    Tabs that you could see and I have another four tabs on my other monitor um and then I set alerts so you could set alerts people are wondering how you set alerts you basically go to the indicator you click it and you had ADD alert and then every time this triggers in this case every time an engulfing bullish candle happen happens I get alerted every time I bear one on the five minute I get alerted um you could set alerts it

    Has all the different scripts indicators I mean you name it has tons and tons of indicators you just oh it’s editor’s pick it it’s a nonstop I mean these are all indicators and it’s just so much you can back test and play with and see what works for you um forward test this is what you should be focusing on not what prop firm honestly if you have an account at takeprofit Trader Apex my funded futures or tradify that’s all you need

    You don’t need to go anywhere else those are the four prop firms to be at all right super simple I just solved your issue I just solved it if you’re at one of them just stay there if you’re not getting payouts it’s because you’re not making money I took three payouts this week already it’s Wednesday I took a payout on Monday Tuesday and Wednesday focus on your strategy and then the payouts will come no matter what PL firm you’re at and

    That’s it that’s seriously what this should be about you should be testing all types of stuff have different tabs that show you different things you know you should have previous day highs previous day lows on there previous month High previous week high previous week low uh pivot Points all types of different I mean I’m constantly scrolling through to see where we are what’s going on you know look at this awesome Pivot Point balce boom bo I mean you should just be

    Looking at stuff constantly and finding the right setups um and that’s where you should be at and that’s the truth about prop firms it’s not the prop firm you should focus on your trading strategy all right hopefully you join the live stream if you have questions comment on the video and come on the live stream I can show you firsthand

  • 3rd Payout In 3 Days! Then I Did The Stupidest Thing

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    What’s going on guys so I literally did the stupidest thing today I can’t believe this happened um before I get into that if you’re new to the channel we stream live every day 10:30 till noon 2: p.m. to 4:30 uh smash the like button and uh if you want to support the channel use the best coupon code out there Cove Trader it will automatically give you the best discounts at uh all the prop firms so let’s get into what actually happened

    Here um first of all I’m requesting right now my third Apex payment in 3 days I requested a payout on Monday Tuesday and now today is Wednesday I already got approved on Monday I got approved on my Tuesdays payment and I just requested another 1,400 bucks today and hopefully I get approved on that by tomorrow um so yeah so things are going really good but uh yeah I had a brand new brand new uh Express account on top step and I

    Literally decided to play it during fomc meeting and I was trying to catch a massive move like something like this with two contracts and it just didn’t happen I got yo-yoed up here A bunch um what was worse was I was up 230 bucks and said I’m going to lock myself out to lock in the day you know I have this one I just locked in day two here hey I’ll just move up day after day get 200 take a payout

    And then after I get a payout I then push the account harder uh yeah luckily I passed they actually took it out of here already I passed an account already today so I’ll have another funded account but it’s just such a waste like it was so stupid so stupid so um when you get these definitely if you’re up 200 bucks just take the profit for the day move on um and don’t try to hit home runs like I did today um

    We played news after hours you could see we played the big candles this was uh blown before that I think I’m pretty sure it’s blown blown uh these two are halfway there I’m hoping to push them back over on the next trading day this one I’m going to need actually need to trade five days so I should have these over I’m hoping by early next week um I passed a another Apex account today I have another one that’s real close and

    I really didn’t trade too many funded accounts today I traded my opening range trade which gave me 307 bucks and I just traded a little bit and that was it um price action was really choppy and sometimes the no trade is the best trade so this was choppy I didn’t really trade it and I just kind of stayed out of the market for the most part with these accounts so um I’ll have another funded account on tomorrow and I’ll have another

    One with top step and that’s pretty much it I just know when to stay out and that was just telling me to stay out so that’s pretty much it I won’t be streaming tomorrow I’m going to be traveling I’m going to drop a bunch of content tomorrow Friday and over the weekend and Monday I will also try to stream on Friday morning and possibly Monday morning but if I don’t we’ll be back to normal time on Tuesday all right I will

    Uh catch you guys later