Author: covetrader

Seeking a robust proprietary trading firm strategy? Allow me to share what’s proven effective for me: securing numerous evaluation accounts funded while concurrently generating profits in my options trading account through short-term options on SPY and QQQ.

Transcript

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

What’s up guys so I’m going to go over a bunch of different ways you could pass your evals um state of the end CU I am going over a bunch of different ones it’s just not going to be one strategy the whole time the first strategy to passing evals is to save your money every single one of these prop firms have coupon codes and Deals um I have two listed in the description so you can click on those if you want

To save money one’s 80% off I think one’s 50% off you got to find the firm that fits your straight uh your trading strategy um I’ve used uh basically right now is uh TOP Step and uh Apex so right now I’m going to go into actual trading strategies I find my number one trading strategy to try to pass evals by the way evals and funded accounts are traded differently for me I will go in heavier in an eval because it’s not

That big of a deal versus a funded account where I’m more um I’ll probably I’ll take the same plays I’m just taking it with less contracts so one of my top um strategies is actually I play the orb 15 uh bounce mostly um I know a lot of people play the breakouts but I actually play the retest tests a lot so I know I’m showing you the q’s it’s just a derivative of the NQ they move the same um but the

NQ starts trading at 6:00 so there’s not uh you know there there’s no um orb for that I guess I can create the orb starting from 930 on I got to find a script um but I just flip over to the cues and um here’s just an example this is Friday um you know five minute chart so this was the bottom and the green was the top and you could see we retested and uh was that 86 I mean that is

Way more than 10 points on the NQ um if I go back and just show you how many points that is it’s this Wick so that’s at uh 175 five I mean you could have got 70 points 75 points off that bounce which is more than enough to fund an account I don’t just go all in um I trade 50k accounts so I’ll do five contracts and I’m looking for I’m looking to sell three of my five contracts at uh a

10-point gain and then I’ll move those two to a stop loss of five and then I’ll just let let it run up uh like a trailing stop I’ll just keep moving my two contracts up in this case right here I would have been funded um I would have gotten over $33,000 because I would have just kept moving my two contracts up and I would have got uh paid cuz three contracts uh 10 points is um 600 bucks and then the two

The two contracts would have ran in this scenario probably like 40 point maybe I wouldn’t have gotten funded 40 points is 400 I would have been light slightly under getting funded but what was good was if you look it came back down retested the 15minute now this is a home run by the way this yellow this uh white line is vwap so when vwap and the orb were right there I mean I would have just I would have gone in uh

With my funded account without a doubt and um you know also the evals and I would have been would have been easily funded plus made a ton of money on my uh on my paid accounts um so I just play these orb orb balances and then obviously for the rest of the day there was no orb orb trade um you know it’s not every single day has the uh the retest you also get um orb rejections so the day before on

Thursday um you know this was the orb right here and you could see that we just triple topped on the top of the orb it it’s just right there I mean you could have played it and got a massive move down so to the short side I play less contracts um I just it’s also a feel of how the day is going I I would say was there news you know was news out was fed speakers talking there’s a lot of

Different factors this isn’t just a cut and dry hey you always do this I kind of get the feel the market to see what I’m going to do uh I felt like we were going to roll over on Thursday so I did play this I did not play this whole thing um but I definitely played it I want to say I got something like 20 points off of it um to stay in trades I used this pink line which is the

Eight and um you know as long as it 5 minute doesn’t close above the eight I typically stay in um but we were approaching uh the bottom orb and vwap um so I just I I took profit I mean it it was a hell of a trade and I can’t say I’ve also I’ve traded it down here on some of these uh on the one minute chart they they had some bare flag breaks but I’m talking about the orb strategy um

You know sometimes you don’t get the retest like right here we blew right past it I believe that was uh I believe that was news at 10:00 though so that’s when it kind of messes up if there’s news and things like that but it’s definitely um so here’s one here’s a great example of sometimes you got to look to see what’s around you uh so this is a pivot point right here this this yellow line so if we’re super close here

Instead of just buying five for a bounce if I think it’s going to bounce I might only buy two and then at the Pivot Point add another two and um yeah I I played I actually played that exactly like that on Wednesday these pivot Points is another great strategy that I use just as you looking around these are standard it’s just uh pivots you you just go into your indicators and it’s just standard pivot Points these EMAs are different I have

Settings so here’s my settings just so you can look at that as well um oh I changed it in the pine editor so I have the 834 200 377 um and then this white line is is vwap but but these pivot Points are great for outsized moves where you might find support um when we G down pretty large uh you know we already under the second pivot point so the next logical area would be the uh you know the third the

Third one and that’s exactly where we found um support so it works both ways I’ll I’ll use these pivot Points to look for a bounce or look for short or look to cover um here’s here it is again I mean you could just see it it happens all the time these pivot Points are support right here again I’m like I said it’s not gospel like you don’t just buy but when there’s an outsize move these are spots that I look for

Um a rejection some type of you know Trend change you know you definitely have to look at things you know are we trending up are we above the eight moving average you know maybe we don’t reject at the first pivot point because it’s super strong maybe there was news in the morning and things are looking great or things are looking really bad and we’re just going to blow through pivot Points uh like we did here I mean you know certain times

You just don’t get in front of it and you know we blew right through this Pivot Point this Pivot Point this pivot point you know this Pivot Point sometimes you just got to acknowledge that there’s too much momentum and you just got to say Hey listen this isn’t for my trading plan and I’m just going to sit here and watch it and that’s it it it sometimes you know this isn’t a hit the button all day type of type of game

This is a sit and wait for your moments but you could see Pivot Point Pivot Point Pivot Point like these are great trades that could be made or bottom or bottom bot or bottom you know these are all you know you could take this up take this back up take this back up you know this yellow Line’s the 200 so I would be selling at the 200 you know these are three great trades and on even on the back on the

Other side orb top orb top orb top orb top the only one I would have lost on and I actually did trade this one was uh so we we had the Breakout of the orb we retested the orb I took that for a gain but then again I played another bounce and we went we sold through and um I took a loss you know this isn’t every single time but you could just see right around these pivot Points right around the

Orbs things happen it’s support it’s resistance um and the last thing I use is is pretty much vop it’s this white line um it’s not like I said nothing’s gospel here it’s just another spot that um you know if you get an outsized move I would look for that to be a spot of support or resistance and um you know you got to acknowledge what’s going on at that given time to see what what you’re going to do there is no

This is exactly what you’re going to do every single time I would say the only time it’s more like I kind of just take it for what it’s worth is is the orbs um but outside of that I I don’t I don’t really you know I I see what’s going on obviously the 200 on the on the five or the one I definitely look out for because you can get some good bounces off of that I mean here’s an example but

If you’re going up and it’s strong like it’s strong right here we had the news I’m probably not taking this short on the 200 even though it did reject and you would have made a little bit of money it’s strong on the news it’s probably going to blow right through it so you sit it out and that’s what I’m talking about you have to know what’s going on in the environment you’re trading in it can’t just be you know this this

Is every time but you can see it’s just bounces off the 200 you know and then once it goes under it it becomes resistance there a bunch of 200 bounces it’s definitely something that’s on my radar but to keep things simple I would put vwap the 200 the orbs um and that that’s how I get funded and and make trades this isn’t you’re making a thousand trades a day I’m looking for I don’t know maybe three tra three to seven good

Trades a day um I take feeler trades sometimes where I just buy like you know five minis or or one contract but I’m talking real trades where I go three or five full contracts in and I’m looking for uh a good size move off of it so I hope some of these uh Concepts or strategies will help you get funded um it’s helped me get funded and it’s helped me make a decent amount of money through time

Trading Recap +$777 In One and Blew Up Another Funded An Eval – Apex Trader Funding

Transcript

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

What’s up guys so yeah we had uh Google and Microsoft earnings after hours um that’s what this is obviously you can see I traded a little bit um so my funded account up $777 today uh had some good trades I would say let me go to the five minute um definitely had had some scalps in there um I don’t know I I kind of had a bias to the downside for a little bit and then um and then we just started

Marching up today it was pretty pretty good day um my funded account here got smoked actually I uh don’t trade on the app so I traded on the app today um and for some reason my trade did not show up in here um and uh yeah it was it was awful I I I don’t really know what happened um but yeah I got nickel and dimed a lot and then um just kind of missed missed some of the things and I

Don’t know this I made a couple bad trades in here today kind of over trading in this area um yeah I mean it is what it is I got this account over so that will be funded tomorrow and then uh this one got smoked and this one’s up$ 849 hopefully to be funded tomorrow uh hopefully I get it over tomorrow uh yeah so I mean it was it was an interesting day so I mean basically um I definitely traded the Pivot

Point rejection part of the day and I traded it here too a a bunch [Music] um pivot Points held Pivot Point held down here which was which was great I mean that was the bottom of the day um I was actually in Long long here and I could have just held it was crazy but yeah pivot Points definitely played you know rejected came down and then when we went through it came back to the pivot point I mean these things have

Been uh money I actually traded it after hours right here um so yeah I mean overall I thought it was a really good day of trading um we were down today uh over a half a percent I’m not talking about after hours and my options account was basically even so that’s pretty good I’m sure I’m going to be up tomorrow when we wake up um yeah I mean got an account funded lost a funded account the other one’s up 770 the

One that’s up I’m hoping to push over I have one so I have six trading days to push it to 52,600 and I get a payout I’ll get a $2,000 payout so we’ll see hopefully uh hopefully I make some good trades on that tomorrow after I was up 770 I I didn’t trade it the rest of the day because there’s a consistency Rule and I can’t make I think it’s 30% of the money in one day so once I hit 770

You know you times that just call it 800 you times it by three is $2,400 it’s kind of 30% of uh you know the 2600 when you hit that you can take the money out so I just kind of stopped and uh that’s usually my goal is like 700 750 a day and then I’ll basically call it quits in a funded account so yeah that that’s that’s the recap for today hopefully uh tomorrow is a good another good day just you

Know I’m not a huge fan of these Gap UPS so we’ll uh we’ll kind of see what happens and then um and then we’ll go from there

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

Transcript

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

What’s up guys so I know I talked about some other firms today I want to talk about TOP Step pretty uh pretty cool uh prop firm here they actually offer you a lot um just some some of the stats um I mean you could do the uh you can get funded in two days which is always nice so here’s here’s what they got right now $49 for 50k account 100 bucks for 100 and 149 for 150 so pricing is pretty good

I will say that pricing is right in line with one of the lowest that that there is out there um max contracts is definitely on the lower side but that’s not always a bad thing um and their Max loss is 2,000 um so what’s good about this see what it says right there calcul at the end of each trading day that’s actually massive because how other ones work say you you start at 50,000 and you’re in a position you go up

To 51,000 and you don’t take profit and it comes all the way back and you sell it break even at 50,000 well your draw down is now $1,000 less because your Peak was at 51,000 but how this works is it goes at the end of the day so just because you went up a th000 down 1,000 your draw down stays the same all day no big deal that’s actually huge I love that feature um that is definitely something I do look

At uh oh well at least you know they’re checking so yeah so let’s talk about that so they also offer free coaching here which is interesting they probably I know they have um they’re on YouTube that I do know they have the top Step TV Discord Community I mean pretty cool a Discord Community you go in there you probably talk with other Traders I’m not big on Discord but I know some people really are I have seen them on YouTube live

Which is uh definitely a nice touch I mean what else they have resource Library let’s see what we got here I mean just the accounts alone are great price with uh I like the rules so right off the bat I I do like this program uh just some videos yeah so they are they definitely offer you some help but you know overall we’re all here looking for the the accounts the draw downs and things like that and this is right in

Line what I’m looking for if you’re looking for a prop firm I would definitely give this one a try um the draw down at the end of the day is huge um um let’s go to see how it works so basically you got to hit the profit Target so 50k account is the 3,000 um you could trade all the normal stuff this is pretty much with any prop firm uh oo I like that charts from trading view I like that because

A lot of them sometimes don’t work oh look you can use trade of8 which is what you see me trade with I’m probably going to I’m probably going to change to Quant Tower soon um yeah I’m going to probably get off trade of eight you probably heard me complain about it multiple accounts you can have up to three accounts you only need five winning days of 200 plus to earn yourself a pay that’s after you pass the first challenge I think

You can only do up to 50% so if you need to get $3,000 I think you can do 1,500 one day500 another day and then you pass then once you pass you just have to have five trading days of 200 plus to earn you a payout which is pretty pretty easy um the fact that they process payouts daily is a huge plus um some of them you have to wait two weeks daily is definitely Ely um a positive Trader certificate that’s

Whatever I don’t I don’t care about that no all right so it’s pretty straightforward I do like the pluses about this one are um the rules are pretty simple to pass fast payouts five winning days once you’re funded pretty simple I think the only negatives are uh you can only have three accounts which is definitely a negative and um it’s only a $2,000 draw down but that’s a negative because other ones have 2500 but the other ones um calculate the peak

Within the day so I would probably rather a daily $2,000 draw down rather than the peak um draw down be 2500 so there’s definitely more positives than negatives um yeah so if you’re interested in TOP Step uh I have a link with a coupon code in the description take a look and comment let me know how you like the program

Now that I have your attention is’t not exactly scammed but this will save you a lot of money when you start trading with Apex Trader Funding. If you are trading with them now or thinking about trading you should watch this video today!

Transcript

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

Hey so I know the title said scam warning but now that I have your attention it’s not really a scam so the thing I really want to bring your attention to today is If you’re looking to get an apex Trader funding account um there’s always some type of discount so never pay the full price I know when you go to check out it gives you the coupon code um I have one in the description uh of this video but at all

Times since I’ve been trading with them they’ve had at least 71% off um currently they’re running the 80% off one day to pass you can see the countdown here I’ve seen uh 80% off 5 day to pass then the normal just 80% off I’ve seen it as high as 90% off and honestly when it’s 90% off I go all in 20 accounts and try to get as many funded as possible because 90% off is actually half off the 80% 80% 50k

Accounts are $37 and when you have the 90% off it’s actually uh $17 and I just or $18 either way it’s such a discount you you really have to just go I go all in at that point my goal is to f as many as accounts as I can until they raise the price um I just don’t want anyone coming on here they don’t know the coupon code or whatever the circumstances are and they pay the full amount the other thing

Is um make sure you check out your reset uh your resets so basically in the back end once you have an account if you blow up an account it might be cheaper just to go get a new account and not reset the account that you currently have and that’s a way that you can save money also so there’s definitely waiting for the sale and then uh checking out the reset price versus a new account price just remember if you go get

A new account make sure you cancel the one that’s in your account otherwise you will get rebuild uh in a month and that’s basically the way to not get scammed on apex put more you know save more money in your pocket um and just always use a coupon code and that’s that’s really it it’s super super easy um you know they have all these different accounts and if you look you could see right here uh the amount of money they are

This is the 50k you know 187 a month and with 90% off you can get that down to $18 but currently it’s like I said it’s at about $37 um some of the other deals that they’ve ran are definitely I definitely like the one-day pass 80% one-day pass is definitely pretty solid um 90% was used around Black Friday and then it was used again in February this year so I feel like they bring it back every 2 to 3 months so

I’m going to be on the lookout for it um and just check back but just make sure you’re always using a coupon code when you check out otherwise you will be wasting a lot of money I hope this saves you some money please uh subscribe to the channel and uh you know take a look at some of our other videos

Daily recap +$1,400 in my two funded accounts on Apex Trader Funding. Some real good trades today and one after hours on Meta earnings. I am looking to take a short if we get a nice bounce tonight. I will review their earnings call but feel like the market is due to drop more.

Transcript

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

Hey what’s up so basically just to take you through the recap of the day um I have this funded account it was up uh actually it was up about $385 just what we’re up today um some good trades uh I actually traded I was about basically no gains on the day and I actually bought the bottom over here after uh Facebook earnings and we popped and that’s kind of most of my gains today so it goes to show you you don’t

Really need a lot of Trades one trade basically made the 385 on the day in that paid account um this account was actually another paid funded account uh was down to like 48,800 and we actually made like $1,100 in it today um I made all of that money on this move right here basically uh we couldn’t break over and I just kind of played it um the reason I played it like that was we came up here we touched vwap and

I played it on the downside that’s what the white line is um great trade really good trade I held for a while and uh basically captured all the move I covered right at the yolow line which is the 200 um yeah it was it was perfect and then um this is a account this is a eval account uh I got it today it’s up $2,300 basically another $670 and we’re funded which is great and then this one got smoked today so

I lost a eval account as you could see PA is funded accounts and Apex is uh evals uh so yeah so I’m going to be journaling all my uh my recaps and what I’m investing in and I hope you guys follow along I’m just kind of putting it out there which could be stressful because people see all your losses even though there are gains they see all the the good and the bad so follow along I’m going to be posting about

Uh stocks individual stocks Market commentary I’ll be doing these recap videos every day with my prop firm accounts and uh yeah just giving giving you updates and just journaling everything through uh good days bad days my thoughts um you know I’m probably going to go into more detail on on other other days this is just my first video and I’m just doing so this account is Apex Trader funding I have the link in my description and uh yeah I mean that’s

Pretty much it actually I’m looking to see if we can get back up around 17500 and then take a short um I don’t know if we’re going to get that cuz I see we’re selling off now so I’m just going to be watching this through after hours um yeah it’s just a crazy day crazy couple days and um I’m going to digest some of this meta news look into it more after hours and um just see what my thoughts are about

Everything and maybe even post another video later on uh be sure to subscribe and you’ll get my updates every day so I hope you guys had a good day in the market like I did and hopefully we continue this each day