Author: covetrader

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What’s going on guys so couple of people have asked about my trading setup so I’m just going to go through all my settings here on trading view before I get into that we stream every day 10:30 again at 2 p.m uh right here on YouTube also if you want to support the channel use the best coupon code out there Cove Trader it will automatically give you the biggest discount at takeprofit Trader my funded f Futures Apex and a lot of other

Prop firms that are out there all right so let’s get into this right now um oh by the way if you didn’t check out takeprofit Traders Black Friday deal 40% off no activation fee and then if once you take your first payout they also give you your eval money back so essentially it would if you went one for one it will cost you zero dollar use coupon code Cove Trader it’s in the description of the video but all right so here’s

My signals um I have trading view I have the EMAs up um I don’t use these EMAs I use 834 200 and 377 you can hit the settings button right here and change it it’s just this is the script that I use I use the pivot Points I throw vwap on there and then I’ll show you I use ICT Concepts it’s just couple marks on you know for certain things on the chart I run the unicorn model it’s actually not shown

On here it doesn’t happen every single trading session especially during the overnight or holiday when we’re not really moving around a lot um I have the flux chart ICT unicorn as well I used the previous day high and low so this is yesterday’s high and low kind of sees where we’re at I look for basically sweeps under or over and then take it the other way and then I have the breaker blocks um then I go to my next tab I

Am running right here I do throw on the uh ICT unicorn model again I have the fair value gaps I have that on here and I use uh TR trades this is the only paid one I use I use TR trades indicator and then um I have this as a white screen so it kind of differs I love this is probably the easiest setup that I run and then I go over here and I have all my opening range all my

Opening ranges that I can play for support and resistance I have um regard it says 8:30 that’s really 9:30 the hour it’s off by an hour so basically I have the hourly trading range the first 5 minute trading range and the first 15minute trading range um after the first half hour I disregard the opening range five minute and I just kind of trade off the 15 and then after that I I still use the 15 through the day and then the

Hourly um is great as well you can oh you could see kind of you can see how it creates support and resistance it’s pretty uh it’s pretty nice so I throw that on my chart and then my last tab I split the screen between uh basically es and NQ um I usually bring it I’m looking to see something like this that NQ has swept the lows but uh S&P has not you know you can kind of see what’s going on and

Make change uh trades based on that um yeah I mean and that that’s pretty much my whole setup and then obviously when I go to trade of8 Trader eight doesn’t allow me to have all my stuff on there so I throw the EMAs on there and then I have the uh I have vwap and then on ninja Trader I throw Optimus Ninja on so if you have if you have uh Ninja Trader Optimus ninja is the only one I leave on

That’s awesome little script I use and then I have Quant Tower up Quant Tower I have just the pivot Points the EMAs and U what I did on quat Tower I’ll show you real quick I trade my live my ACT my amp Futures account here I kind of made it a uh EMA Cloud but sometimes the coloring gets weird because that should be green and it’s not um but yeah so I have an EMA Cloud just so you for visual purposes

I can just take a peek and see when we cross and things like that so yeah I’m running quite a bit of indicators here I would suggest if you are just running like one or two tabs um I would run this all of this with the uh fair value Gap oh I do have the fair value gaps on here so I would run this basically vwap pivot Points your EMAs the uh fair value Gap inversions the Unicorn models and then um

The previous day high lows breaker blocks and that’s kind of where I would stick obviously this is the holiday so it hasn’t really like moved around a ton so that’s why things are kind of scrunched but it’s usually spread out I scalp a lot or I look for Trend changes um and you could see the fair Val like we couldn’t get over this you could just see the red dots just kind of plays out so anyways that’s my setup I like

That and I like TR trades thing also a lot and that’s pretty much what I run um I like using different time frames also I basically change between the 15 and 15 um I don’t know why I just why that Drew 15 and 15 um his indicator is good because obviously why I’m on the one it also shows the 15 here so you got of get a look at the time frames at the same time and see where we’re at within

The previous candles so that’s my setup um if you have any questions comment uh come on the stream and ask but uh this is what I roll with pretty much every day all right I’ll see you guys on the Stream

✅ Coupon Code COVETRADER On All Prop Firms For The Biggest Discounts

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What’s going on guys I want to get into all the Black Friday deals and what’s going on but what you actually really need to know about them before I get into that we stream every day 10:30 and then again at 2 p.m. here on YouTube if you like what I say smash the like button also if you’re looking to get any of these accounts and you want to save the most amount of money use coupon code Cove Trader it will automatically

Give you the Bigg discount on all these prop firms so one of the things you got to think about is right now you’re getting your email box flooded with emails about this firm giving a Black Friday deal this firm giving a Black Friday deal literally I have like eight emails from firms I never even heard of in my email box giving like 80% 90% the thing you got to realize though is the odds of payment so what’s it worth to you

You know I I wouldn’t be using a low tier prop firm because what’s going to happen and what they do is they get you in with these low price deals you blow the account then the deal is over but you’re already with them so you buy another account you buy another account finally you get to a payout and then they end up retroactively changing the the terms and everything and then your account is smoked or you’re not getting a payout anymore

Like you don’t want to be with those firms you know you want to stick to the high tier firms and people keep asking in the chat what I recommend for the Black Friday deals and things like that honestly if these firms do not provide a deal I’m not going to go just try a low-level firm basically I’m looking at takeprofit Trader this is my number one on the list right now it’s 40% off no activation fee when you use coupon code

Cove Trader um this is my number one place I’m looking for a Black Friday deal if they announce it they announce it if they don’t this is still an unreal deal and I’ll probably get more accounts but this was my number one place my number two place my funded Futures uh I know I’m getting to get paid from those firms my funded Futures pays right away actually uh takeprofit Trader gives you daily payouts so that’s why I want to get accounts

With them you never hear of takeprofit Trader not paying you or delayed payments or anything like that plus the rules are you could do trade however you want there’s no reason why you really shouldn’t be at takeprofit Trader um my funded Futures great again uh they pay same day this is really easy if you’re brand new at trading uh I would say they are easy to get a payout because all you need is five days of $100 or more um after

You pass the starter account uh evals so this is one I’m definitely looking for um that’s the experts starter accounts are much cheaper let’s see oh I don’t even know where they are oh that’s the uh that’s for me to sign up but yeah so they have starter accounts um oh just woke up starter accounts right here so I usually get the starter account I have been I may want to check out an expert I know some people have been loving

The Milestones I have not gotten one yet but I think Milestone actually goes away in 2 days so if you want to Milestone account now is the time Milestones are straight to funded um so I’m waiting for a deal here if they don’t get a deal it is what it is I’m not going to stop using them they ran a special last night a flash sale for 18% off um I grabbed an account because it was one per account so I

Will be on the lookout for any more and then the last place I’m looking for a deal is obviously Apex their timer ran up I was hoping they were going to do 90% off um I have not seen anything yet so I don’t know if they’re waiting I don’t know what the deal is but right now they’re 80% off and $85 uh activation fee that’s the one thing about takeprofit trader there’s no activation fee so Apex you pay that $85 activation

Fee takeprofit Trader you don’t my funded Futures you don’t either um so those are the firms I’m looking for I’m not looking for you know sea Lev firms to give me massive discounts where I put my time and energy into these accounts and then I don’t get anything um you know the only other firms I’m looking at are tradify I got 45% off uh straight to funded accounts only I I I did there it was 45% off coupon code Cove Trader

And I think that’s the last one tick tick Trader I was looking at also but they’re just so expensive they have to run like a massive deal for me to get an account there you know I don’t see the reason to get one at tick tick um right now I I think they’re good I just these options these four options are much better so everything’s in the description of this video um just think about that just because they’re cheap doesn’t mean

You should get an account there you want to make you know it’s all about getting the payments and that’s what you should be thinking about rather than uh what the cheapest account is all right I’ll see you guys on the Stream

✅ Take Profit Trader Coupon Code COVETRADER

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Guys the deal we’ve been waiting for is here and basically you can get a prop firm for free funded takeprofit Trader just dropped its Black Friday deal so basically you get 40% off you get your initial money back on your first pull out of money and you don’t pay an activation fee and you use coupon code Cove Trader basically what happens is you get an account you pay for it that eval you pass turn it into a funded account you do

Not pay for it to get a funded account once it’s a funded account if you get that to payout you not only get your payout you get your initial money back that means if you go one for one you would not pay a single dollar for that takeprofit Trader account this is the Black Friday deal I have been waiting for this is the deal so that’s super simple also once you’re funded zero consistency rules you could trade however you want they

Don’t trade they don’t change the rules on you super simple the Only Rule you have to follow is you cannot trade one minute before news one minute after other than that take profit Trader is offering you the chance of basically a free funded account um and you can get up to five of them this is this is the deal I’ve kind of been waiting for um I thought the deal was amazing before 40% plus no activation fee and now they just

Threw the cherry on top which is basically your test money back it doesn’t get better than that for this I haven’t seen a deal that takeprofit Trader offered better than this because essentially you can get it for free I mean you go one for one you got it for free just take your time take quality setups and you got this for free um if you have any questions comment on the video smash the like join us on the live stream if

You have questions and um remember this works you got to put the coupon code in otherwise you will not get this um and then yeah anything else about takeprofit trader the only other thing you got to watch out for is there’s a small daily loss limit of on the 50ks is 1100 not really small you shouldn’t lose $1,100 in a day and then once you make uh $5,000 you go from Pro to Pro Plus and um you know it’s basically unlimited

You could get you take the money out same day they have daily payouts uh this is the firm you want to be at for me personally um they’re offering all the things that you want and the fact that they’ll actually give you your eval money back on your first payout is amazing so you guys been asking me this is the deal link is in the description coupon code Cove Trader have questions I will see you on the Stream

✅ Take Profit Trader Coupon Code COVETRADER

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What’s going on guys so I’m going to show you how you can get a basically zeroc cost funded account with takeprofit Trader uh to start before I get into that we stream here every day 10:30 and again at two so make sure to subscribe smash the like button and um so let’s get into it basically here’s the deal it’s 40% off so at a 50k account is $102 you basically trade that eval when you pass the eval you go to the

Funded the funded stage there’s no activation fee so you go from that eval to a funded account it doesn’t cost you anything you trade that funded account once you get to a payout they’re not only going to give you your payout but you’re going to get your initial $102 back as well so basically all the money you put in is back in your pocket and you just got to use coupon code Cove Trader when you do this to get it that’s

It it is super simple um you can get daily payouts with takeprofit Trader you can get uh you could trade however you want the only trading rule that they have is you can’t trade one hour before news uh not one hour one minute before news and one minute after news that’s it you can DCA you can have whatever risk to reward ratio you want you could go all in then you could trade one micro um it doesn’t matter all they care

About is you making money which is where you want to be you want to be at a firm they’re not going to deny you payouts it’s cut and dry on how you can get there because there’s basically no rules um and they pay same day you’re not sitting there for 5 days in pending or waiting for your money to hit 5 days it says approved but you don’t have the money in your bank account yet this is the deal we’ve been

Waiting for um yeah so everything’s in the description of this video just remember you have to use the coupon code Cove Trader or you won’t get it if you don’t put it in the coupon code not going to get it so that’s pretty much it I mean this is the place that uh you want to be D like I said daily payouts really no trading rules um I like the 50ks and the 100K accounts and um that’s pretty much it if

You have any questions comment on the video and uh or I’ll see you on the live stream and I can walk you through anything that you might have it works with trade of eight works with all the major uh somebody asked on the stream the other day if it works with trade of eight trade of8 trading view ninja Trader Quant tower all the ones that you want to trade with it works with um they are great you never hear anything bad

About takeprofit trader so let me know if you have any questions everything’s in the description of this video

👉 Be sure to join our live stream each day here on Youtube 10:30AM -12pm and 1:30pm-4pm each day.

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What’s going on guys so I’m going to tell you how to make sure your payout never gets declined by any prop firm it’s very easy before I get into that I stream every day 10:30 and then again at 2 um and make sure if you’re getting a prop firm account make sure you use the best code out there that will give you the biggest discount use coupon code Cove Trader works on apex uh takeprofit Trader my funded Futures and a bunch

Of other prop firms as well so if you have any questions about the video be sure to comment and if you like it hey man smash the like doesn’t cost you anything um all right so let me get right into this I am going to withdraw 500 bucks and no prop firm can stop it you’re going to say how is that possible well obviously prop firms like me so if you use the coupon code maybe that’ll help help you out but

Uh other than that the very best way to make sure that prop firms cannot decline your payout just trade with a live account it was that easy um so actually this put me over 500 for the week and I am going to take a $500 payout to make my Thanksgiving a little bit better um yeah so I have an amp account um I’m not saying don’t trade with prop firms I think what you should do is when you are consistently taking

Profits out uh put a little bit into a live account and uh and you could either copy trade that with your prop firm trades or you can kind of just cherry-pick what type of Trades you take with it um I use Quant Tower as you could see this is uh my little setup here um and yeah I basically cherry pick so I actually don’t copy trade i cherry pick the very best setups each day and basically made 500 bucks this week

And I’m going to withdraw the money uh today put me 16450 and that was easy and then that’s it nobody can stop you but I’m not saying to not use prop firms as you can see I have prop firms this is my day today uh I was pretty much green uh disregard this account we were doing something in the chat yesterday and they wanted to see something today I did it and that’s what blew uh the account I actually didn’t even

Trade that account but all my funded accounts are up here this one’s down a little bit I think I passed One account this is a funded account oh I was up 300 bucks in this funded account account today I got my takeprofit Trader account up three grand this is a tradify account uh this is day number two I basically do about $150 a day and I’ll just uh work this up to a payout uh they had a Black Friday deal so

I figured I’d get it I did uh I think it was the 25k straight to funded was $26 it was 45% off when use my coupon code and I got one and I might get another one if I can get this to pay out and that deal is still going on I will get another account um but yeah and this is my Apex accounts so those are uh the firms I trade at but what you got to be doing is you

Got to be taking your profits from here and say you make $2,000 well maybe take a th000 of that put it put in a live account and then maybe roll that other thousand into more prop firm accounts or take $500 out and you put it into a live account and then 1,500 goes to build up your prop for uh prop firm portfolio uh there’s definitely a place for prop firms because you can basically leverage accounts you can get multiple accounts um

That’s what’s great about them and that’s why everybody uses them you get you know you have multiple funded accounts multiple payout and also you can start with you know $35 and get to a payout um you know that’s what makes that great but at the same time you also want to be in control of your own accounts and that’s why I say you should if you are only taking consistent payouts then you should get an account if you’re not getting consistent

Payouts stay in a prop firm you know use their you know it’s going to cost you less you’re going to learn using their platform and then once you are uh you know it’s a nice little bonus I don’t have to wait to get to $2500 to take money out you know especially if you get there um or if you get further than that and the rules and everything else so I just know I can get consistent payouts so this week I

Made 500 bucks I’m going to pull that money out and uh and that’s it so just wanted to make this quick video tomorrow’s Thanksgiving I hope everyone has a great Thanksgiving I may stream in the morning um but that’s pretty much it all right enjoy your friends your family and I will see you on the Stream

✅45% Tradeify Coupon Code COVETRADER

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What’s going on guys so the first of the Black Friday prop firm deals has hit uh before I get into that be sure to smash the like button and subscribe we go live twice a day 10:30 and again at 2 p.m. uh be sure to use coupon code Cove Trader that will automatically give you these discounts and the best discount available at all prop firms so let’s get into what is being offered the first Black Friday discount has dropped it’s actually

Tradify uh they’re doing 45% off I have the link in the description of this video along with the coupon code like I said is Cove Trader um yeah so you’re getting 45% off uh straight to funded accounts um they’re running bigger discounts on the advance and the growth that you would get also but I’m focused on these to be honest with you straight to funded is why you would use uh tradify I grabbed myself only one account today um I’ll probably

Grab another one or two accounts um before it expires uh but yeah I grabbed the 25k it was $26 and you basically have a funded account um today was the first day I traded it I’m actually up already 148 I think I think in it uh one trade I’ve never really done the 25k account so I wanted to give it a shot so that’s why I did that one um but yeah I mean I think if I get a second or

A third account I’m probably going to end up doing uh the 50 is probably where I’m going to end up at I’ll probably get one one or two 50s and then maybe I’ll get a 150 but uh yeah so it was it’s basically uh 45% off this so this like I said this one was 206 um if I’m doing the math I don’t know maybe it’s like [Music] 300ish maybe I don’t know I’m doing the math pretty bad also this is

After full day of uh of trading and whatnot here I’ll just do it right here five [Music] 49 It’s 301 so so 50k accounts are 301 uh 100K accounts are uh are 345 and the big ones are 384 right yeah yep so that’s how it all works out uh I’ll be honest with you know 300 bucks for this is is definitely good um I kind of like it I was hoping to get get funded accounts below $300 to be honest with

You but uh I might that’s like on the line of where I’ll probably grab I’ll probably grab one or two and uh like I said I’ll probably grab a 150 because that’s not that bad at 385 but that’s the first deal they also have uh takeprofit Trader hasn’t dropped yet but their deal is so good I don’t know if they’re going to do another a bigger deal they’re doing 40% off no activation fee uh coupon code Cove Trader gives it to

You that’s an awesome deal we were talking about today on the live stream um I don’t know if they’re going to give a bigger deal and I’m afraid that this deal is going to go away at uh after Black Friday I’m afraid it’s going to go I don’t know for a fact but I could see it going away maybe end of next week so I grabbed two of these accounts today also only because I don’t want to be left out if

Uh their old deal I didn’t really not that I didn’t like it was 50% off and then you got that money back on your first payout but I like no activation fee so you don’t have to pay that $130 every time you get a funded account um I thought that deal which they’re running right now is the best deal and if they run something for Black Friday I’ll grab more accounts but right now I got two um I don’t know if

They’re going to get rid of it but it’s been around for a little bit and after Black Friday Cyber Monday would be a good time to change their deal so uh before they run out I grabbed a couple and I might grab another one or two uh next week if it’s still running but yeah those are the the two ones that are kind of out right now I will make more videos as more of the Black Friday prop firm deals drop

Um but yeah if uh if any of this works comment on the video if you have questions comment ask on the live stream ask in the Discord wherever uh and I’ll get right back to you so hopefully I see you on the stream tomorrow if not you’re enjoying the holidays and I will see you next week then all right

✅ Coupon Code COVETRADER On All Prop Firms For The Biggest Discounts

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What’s going on guys so yeah it’s uh Thanksgiving week and you got to be really careful when trading this week um before I get into that we stream every day 10:30 in the morning and again at 2 p.m. um if you want to support the channel use the best discount code out there Cove Trader it will automatically give you the biggest discounts at takeprofit Trader Apex my funded futures and a lot of the other firms as well um so yeah I’ll

Just get into it um I know some of you guys have been following along with uh the options so we’re up 1333 that’s on my other channel um I also have an amp Futures account that I trade my real money that’s up $250 today I actually only took one trade and uh yeah so that was up 250 and then in prop firm land um I’m having I was having issues actually with Ninja trater copier um I was down a little bit

Before I was down about 900 in these two accounts and then it was weird I got I went short up here and then it kind of sold me out early sold me out but I wanted to hold I don’t really know what happened I mean that’s really was the beginning of the end um I could have gotten 203 30 points on two contracts and then it didn’t happen and then that was the end of those accounts um and then the rest

I was kind of just slamming accounts on on the live stream um not really going too many places this is my funded account I’m over on day two so that’s day two of $100 or more uh once I reach five days of $100 or more I will be able to take payout so I’m looking forward to getting a a my fund the Futures payout and what’s tomorrow tomorrow maybe Friday maybe Friday I might have to wait till the day ends so

Maybe next Monday I’ll take it but yeah so day two in the books um all seriousness I took uh I took I’ll show you the one trade I took in my fun in my real live account where are we where are we right yeah right here right off the pivot point I took it from 922 I took it uh 25 points and I sold and that gave me 250 bucks that was the only trade of the day and it goes to

Show you you don’t have to take a lot of Trades that one trade if I did that in all my all my prop firms at once I would have had a great day and I didn’t have to do anything else the rest of the day but uh it didn’t work out that way uh there’s a lot of chop you got to be real careful we’re going to have a lot of chop um this week There’s a lot less volume um you’re

G to have overshoots was that the pivot point maybe I took it here oh now I’m confused either one I took it at this pivot point or this pivot point and got 25 points out of it and um and that was it one of those pivot Points and that was my $250 in my amp Futures account but yeah it was um it wasn’t a great day uh just a lot of like you could just see a lot of chop here and

Then we finally move and then we chop for well over an hour and like that doesn’t even consist consider a move I mean I don’t know it wasn’t great but tomorrow I’m going to be more careful on what I take I’m probably just going to wait until I get really good setups um there’s not much volume to push so it’s going to be interesting how tomorrow the next day usually this week is a bullish week so just have that in the

Back of your head that this week is a bullish week normally it doesn’t mean it’s going to be just means it normally is um oh we just came up and we hit uh the vwap but that’s pretty much it that’s how the day went I will see you on the stream uh tomorrow 10:30 um yeah if you have any questions ask me in the Discord comment on here and I’ll get right back to you all right see you guys tomorrow

✅ Coupon Code COVETRADER On All Prop Firms For The Biggest Discounts

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What’s going on guys so I’ve been telling you this for a while and now hopefully you guys start really believing what I say before I get into that I stream every day 10:30 to noon and again 2:00 till about 4:30 here on YouTube If you like this video smash the like comment let me know what you think about it and uh if you’re looking to get a prop firm account use the discount code that would give you the biggest discount that

Is Cove Trader everything is in the description of the video um so yeah I’ve been telling you guys for ages that these prop firms have all the data on you the data of what it takes for you to pass how many accounts it takes for you to pass once you’re funded how many get payouts how many payouts uh how long you keep the accounts and nobody really believed me up until Apex now Apex is denying payouts they’re using a computer script

That automatically denies you not only that if you’ve seen that video that came out recently the guy is giving you data that I was talking about how funded accounts only last I think 22 days um there is so much data that these prop firms are collecting from you and you guys don’t even realize it so when they’re changing the rules telling you all we’re making you a quote unquote better Trader they are not anytime they’re changing the rules and adding more

Rules that is usually to give out less payouts cuz the data on the back end has found if they make these small tweaks profits go higher now only when you see them actually take rules away are they kind of opening it up for Traders but anytime they change even the smallest of things that you may not even realize uh it it’s usually not your benefit but like I said there is a place for prop firms I’m not telling you not to

Use them I’m just telling you be aware about the rules and everything your goal should be to leverage prop firms to be profitable use small amount of money leverage it over many accounts get many payouts and when you’re getting these payouts you’re funding a live account off to the side um if you watch one of my other videos they’re already pushing people to only one Live account and they’re taking away The Leverage that prop firms give you of having the multiple

Accounts TOP Step is doing that you can’t have multiple Live accounts you can’t trade a live account and trade Sim funded accounts they’re already taken that leverage away claiming it makes you a better Trader it doesn’t the reason people trade multiple accounts is for multiple leverage to get those large payouts so it is what it is I just want you to be aware that’s all you don’t need to change anything you just need to be aware of what’s happening and know

That you’re here to make money take it from the prop firms and then fund the side real account and eventually trade live yourself and be off from them and that’s the ultimate goal and that’s all I want to say I just want to open up your eyes because there are new people on here that don’t understand and then there’s some people have been trading that don’t understand and I just want to put it in front of you I’m telling you what’s

Going on all right if you have any questions comment come in the Discord everything’s in the description of this video um if not I will see you on the Stream

✅ 40% Off Take Profit Trader Coupon Code COVETRADER

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What’s going on guys so there was a question asked on the stream about the uh account draw Down based on evals versus funded accounts within takeprofit Trader and I’m going to go over all of it if you want to get a takeprofit Trader account now is a great time it’s 40% off plus never pay an activation fee if you use the coupon code Cove Trader um it’s in the description of this video also we stream live every day 10:30 and then

Again at 2 p.m but uh yeah the deal they they’re running right now is amazing 40% off and then when you pass that eval where other firms charge you the activation fee of $85 or $148 or 150 bucks there is no activation fee here so make sure you use right here coupon code Cove Trader and click on the link in the description of the video so all right there’s two different types of draw down there’s daily draw down actually three there’s

Daily draw down there’s intraday draw down and then your uh your whole account draw down so you have we’ll start off with the first one first they have a daily loss limit here depending on what account you have your daily loss limit you can’t can’t lose more than $1,100 each account size is different so if you want a larger daily loss limit you go with a larger account that’s the best way to do it I like 50ks but a lot of

People don’t like the tight or tight ER daily loss limit so they do 150s um I stop once I’m down about $800 so I never really hit this I have a mental stop and this is how much you can lose in one day then the end of day draw down is a an account as a whole so say on day one you make $1,000 and you end it at 51,000 but during the day you went as high as 52,000 and then

Your account you made some bad trades and you ended at 51,000 well your draw down is based off the end of day which is based off 51,000 so your draw down has moved from 48,000 moved up a th000 because you gained 1,000 in your account now you went from 48,000 so you can’t go lower than 49,000 the that’s how the eval Works once you pass the eval and go to a funded account it’s in day which means take the same example

You trade you go up to 52,000 but you make a couple bad trades and you go back down to 51,000 the $22,000 draw down is based off the high of the account which is 52,000 not the end of day 51,000 so now you cannot go below 50,000 and that’s how the draw down works that’s why a lot of people prefer end of day draw Downs that’s also why some people prefer um larger accounts with the larger accounts you get a larger

Uh trailing draw down so what they do is they’ll get a larger account but trade it as if it’s a 50k account so you’re still trading the same as you would a 50k but you’re basically buying yourself a larger daily loss limit and a larger end of day draw down and basically just to give you an example not example but take profit Trader Pro and then after uh $5,000 you go to Pro Plus and that’s it but that’s how the draw

Down works the big question in the chat was about the draw down on takeprofit Trader I just explained it to you if you have any other questions about it comment on this video or come on the live stream and ask or ask in the Discord the free Discord link is in the description of the video all right I’ll see you guys on the Stream

✅ Coupon Code COVETRADER On All Prop Firms For The Biggest Discounts

Transcript

Auto-generated from the video audio — expect imperfect punctuation.

What’s going on guys so today was a wild wild day um before I get into it uh if you’re new here we stream every day 10:30 in the morning till noon again 2: p.m. till about 4:30 uh if you want to try any of these prop firms I’m talking about use coupon code Cove Trader it will automatically give you the best discount that’s out there also in the description of the video is my Twitter the Discord and all other discounts on

Prop firms so let’s get into today um so I told myself not to trade pre-market I did and I ended up leaving orders in when I went to go brush my kids teeth and get them ready for school I turned my volume off on ninja Trader and I copy traded these three accounts and I didn’t even know I got filled and then I sat down at the computer about 40 5 minutes later to start trading and I blew all these accounts

Which kind of set my day off and I was like F this so uh I went ahead and I passed two Apex accounts after that I passed a my funded Futures account and then I got it live which is this account and then did my 100 plus dollars a day then I got this one up, 1300 bucks got my I pass passed two bull KN accounts today on top of that and then I also passed a top step account um so

I got myself six funded accounts I was just so annoyed that I left orders in when I shouldn’t have so I just started I I think I passed so I passed six I think I passed six out of 10 evals so it’s a pretty good pass rate I blew four accounts I blew two bullox accounts and I think I blew two Apex accounts and that’s it um so I I’ll take six for 10 any day so I got and then what’s

Cool about my funded Futures is obviously they give you the Live account same day and then I was able to stack my first day of $100 plus and start working the account up for a payout um but yeah and then obviously everything I traded for real in my PA accounts were up except for this one account um but I think overall it was a good day I you know things happen I got to be more careful about leaving orders in because

I definitely don’t want to do it and then also uh if you follow my options account we’re up $2,129 um I have my other channel Cove Trader options and I post my stocks and options every day I also post a lot of this on Twitter as well just Cove Trader on Twitter and um yeah so overall I think that actually capped off I think I did over 10 G’s this week in options land so capped off a pretty good week so

Yeah so I mean that’s pretty much how everything went today um if you have any questions about stocks options prop firms anything be sure to ask it in the Discord over the weekend um and I will get right back to you or I’ll make a video about it um I got some interesting videos coming out this weekend about a couple things I’ve been meaning to talk about and we touch base on it on the uh on the live streams but uh

As for the trades today um what’s crazy is that unicorn script hit today it triggered right here you went down a ton I mean your draw down would have been uh like 40 points but yeah profit Target was hit which is interesting um I didn’t follow this I I keep it up just to uh to see but you could see we broke over we retested this area and then you know you take that up but we Dro down to the pivot

Points pivot Points Point held strong today um couple good trades off of that but if you look today was just chop I mean we we opened up right here at and we basically are up less than 100 points um just a lot of up and down I mean just a lot a lot of chop and then we end up closing we end up closing at only up 48 points it was just after hours we climbed another 30 but uh yeah we

Closed only about 40 points higher from where we opened at which is really nothing on the NQ but uh and then after hours we have some gains but uh yeah I mean it really wasn’t a huge eventful day uh couple good trades couple good trade setups a lot of chop to stay out of you know a lot of losing accounts in the chop and that’s not what you want to be doing you know once you notify that once you realize that

You’re in the chop it’s best to just stay out of the chop that’s where personally I lose most of my money is in the chop you know I’m looking for um I’m looking for expansion I’m looking for moves I’m looking for things to happen when we’re in the chop I just it’s not good for my style of trading so I tend to not trade that um and then we end the day with a good duck race so other than that um

I’ll see you on the Discord over the weekend or I will see you on the stream on Monday all right enjoy the weekend go make some memories and have some fun