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What’s going on, guys? So, I’m going to reveal the number one thing that helped me become a profitable trader and can definitely push along your journey. If you’re new, it can push you along to understanding a lot about the market faster. And if you kind of been floundering around a little bit, this will help propel you to hopefully be a profitable trader. This helped me back. I used to trade by myself in 2007 to 2009 without this. And then I found
Basically a small community with a chat room that propelled my trading forward. There was about 15 of us in there and just bouncing ideas off people, learning different indicators, learning different things about the market. It made me earn even more money and it was great because you know you’re one person but if you can talk to other people it will push you forward and that’s kind of what we have right now. Um if you want to join we have a Discord
But on top of that uh I stream live but when I stream live there’s a whole community of people that are on the live stream. We stream live for free on YouTube. Just click subscribe. We do it anywhere between 10:30 to noon and then again 2:00 pm to 4:30. It’s a place where people can ask questions. Um I can answer you. I can share my screen. You could ask people in the chat questions. Uh it’s a friendly environment of a lot
Of profitable traders. And then when we’re not in there, we’re in the Discord uh talking trading sometimes just hanging out. We play poker at night sometimes. We just did a poker tournament today because the market’s closed. Um, yeah, it’s just a really nice community. And if you’re there trading by yourself, you should find a community if it’s not mine, which doesn’t cost anything. There’s no cost. It’s 100% free. It’s something that you should be in because it’s an area that you
Could bounce ideas off of people. You can learn different aspects of trading. You can learn just all different things just by talking to other traders. uh you’re going to become a better trader yourself. So, if you want, subscribe to this video. We go live. Also, the link to the Discord is in below. Come in, introduce yourself. I don’t care if you’re a brand new trader or seasoned. You can ask any type of questions you want. Nothing is is off. Just ask,
Learn, and uh and that’s pretty much what it’s about, you know. Just be a good person. And if you have any questions about the community, about the Discord, comment on the video and ask.
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What’s going on, guys? So, this Trading View indicator is back. I did a back test a while back. The win rate was 86%. Um, yeah, I’m going to Somebody asked me what my favorite Trading View indicator was this week, and I told them I’ll make a video about it. So, if you watch one of my previous videos, you might have seen this already. Before I jump into it, we stream live every day 10:30 to noon, 2:00 pm to 4:30. And if
You want to support the stream, use coupon code Cove Trader when getting any prop firms. It should automatically give you the biggest discounts that are out there. So, let’s just dive into this. Um, if you’re not familiar, this is Trading View. Uh, this is one of my screens. I use the multi-time frame. This is the five, 15, and hourly. And uh I actually back tested this. Like I said, it was 86% win rate. Um what I noticed though is I can
Get a lot more than the 10 to 15 points I was trying to get uh in the back test. That’s kind of what I was shooting for. And the results were amazing. And I think what I’m going to do is I’m going to take a funded account that I have that’s new and I’m only going to play this setup. This setup only. and I am going to look for uh pretty big gains. Uh I’m going to do it live on the
Stream and if you want to watch, come join me. But here it is. It is the Lux Algo three bar indicator, three bar reversal pattern. And what I’ve noticed is it just works. It just freaking works. You could see just yesterday reversal pattern. your stop loss is down here. You know, my target probably would have been pretty close to this take uh to this pivot point. And then sure enough, you get one on the bearish side. You could take it back
Down. You get another one up here, works again, and then you get one right at the bottom. It just hap I mean, you’d be four for four. Actually, look, five for five. The only time it didn’t work was pre-market. I’m probably not trading pre-market, but other than that, it it just hits. I’m not going to go through it all on the right here, but it also works on the higher time frames. You can see I actually took this trade live. We
Had one on the hourly. Now, the hourly, obviously, the stop is much higher. I’d probably have the stop right here. That is almost a 100 point stop which is high but the reward is just as high cuz 451 was the confirmation and uh yeah I mean you could have gotten almost 200 points to the downside. Um you know and when you combine it so you have a three bar here and then you also get one on the lower time frames it’s
Kind of showing you that you got to buy. Um, but I combine it with a couple other things. I’m not I normally just don’t take it just for what it is, but also how I find targets is I’m looking for highs or I’m looking for pivot points, but I’m actually specifically targeting certain areas uh on the chart. But if I get one on the bottom and then I get one at the top, it obviously uh I would be getting out of
The long and now I am in short and then I kind of would be targeting to the downside. Um but yeah, just kind of works. I find it to be a great indicator on multi-time frames. I don’t use it on anything less than five minute. So if you’re looking at it on a one, I don’t I don’t even follow it on the one. So, I’m just it’s something that you should put on your charts and I’ve had a great level of
Success with it. If you got questions about this, comment on the video, come to live stream or there’s a description to uh the Discord in uh this link right here. So, if you have, come in the Discord and I’ll answer your questions.
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What’s going on, guys? So, I know a lot of people were asking on the live stream about Easter uh prop firm deals that are coming out. Some people were waiting for them. These are the deals that are out there currently for Easter or maybe till the end of the month, but this is what they’re running right now. Take profit trader is 30% no activation fee. By the way, if you use coupon code Cove Trader with any of these, you’ll get the
Max discounts. Uh, take profit trader, like I said, was 30% off, no activation fee. And remember, resets are $100. So, even if you buy the big accounts, the resets are going to save you the money. Apex Trader Funding is back to 80% off. They’re doing a, you know, quote unquote Easter deal, but yet they’re running it for 12 days, which brings us to basically the it brings us to the end of the month. So, that’s good. Also, 150, 250, and 300K
Accounts are all the same price. So, if you trade those bigger ones, they’re all the same price. Um, and they have the activation fee. I think it’s 130 currently. Tradeify is 40% off if you’re new, 30% off if you’re a customer already. And I know that’s their uh their Easter deal. And then my funded futures is running 25% off uh eval. So if you’re looking to get one of these, they are 25% off with the coupon code. Other than that, um
I was looking for some bigger deals. I was hoping that maybe Apex would run a 90% off. I was hoping uh maybe 25% off all accounts on my funded futures and maybe 40 uh or 45 off of everything on Tradeify. That didn’t happen. Seems like Easter is not a massive deal holiday for prop firms. I was hoping that tra take profit trader would go back to 40% off. They did not. But out of all of them, probably take profit trader has
The best deal still. 30% off, no activation fee, uh daily payouts. Um you just really can’t beat that. There’s no payout windows, the daily payouts, the no rules. So out of all of them, I’d probably say take profit traders the best. Um and then, you know, depending if you’re brand new, maybe you go get some Apex accounts because they are the cheapest out of uh all the firms I mentioned. Apex will give you the most inexpensive accounts when using uh the
Code for 80% off. Um, but if you have any questions about these accounts or any other prop firms, comment or come in the Discord. Link is in the description of the video. Uh, if not, I’ll see you on the live stream on Monday.
✅ 30% Off Take Profit Trader Coupon Code COVETRADER
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What’s going on, guys? So, a lot of people ask me what’s the difference between Tradeify and TakeProfit Trader. I’m going to go over comparing the two right now. If you’re looking to get an account with TakeProfit Trader or Tradeify, be sure to use coupon code Cove Trader right now. Take Profit Trader 30% off, no activation fee, and Tradeify is up to 40% off if you’re a new customer and 30 off if you’re returning. Um, yeah. So, I’ll just jump right into
Right into it. Uh, take profit trader does not have uh straight to funded. Straight to funded is only in tradeify. Uh, some people like it, some people don’t. To be honest with you, I would look at cost of funded. So basically, if I pass one in three accounts with TakerProfit Trader, it’s going to cost you about the same amount of money with Traderify, but yet there’s no consistency rule. With TakeProfit Trader, you have a 20% consistency rule on their straight to
Funded. Uh you have daily payouts with take profit trader. No daily payouts with Traderify. Traderify has a a window that you have to request money in. You also have to trade 10 days to get a payout. You can get paid on day one in take profit trader. Um, you know, it’s one of those things that when you match them up, you know, I I think take profit trader is probably the way to go. Although some of the pricing for Tradeify is
Lower, such as uh I have a growth account. I have this account 50k growth account and with the coupon it was like 90 bucks which is obviously cheaper than take profit trader um and also your resets are $85 resets and take profit trader are 100 um but there’s also a daily loss soft breach um you know the draw down was end of day the draw down is end of day on the evals and take profit trader but once you’re funded it’s
Trailing but it also stops at 50,000. So eventually it becomes static anyways. It’s not a big deal. Same with Tradeify. Eventually that becomes static. Um you know I think the main differences are definitely the payout window with Tradeify and none on TakeProfit Trader. And um other than that, Tradeify is slightly cheaper, but take profit trader has no rules and is probably the closest thing to trading your own money as possible. These eval are one day to pass. Trader uh take profit
Trader is 5 days, but once you pass, say you pass on day three, you can just flip contracts for two days. They have a 50% consistency rule on their evals. um over here. Um but other than that, if I had to pick one, I’m picking profit trader, but I do trade with Tradeify. I do like that they have no rules. I happen to get a couple of accounts and um they pay out quick. They probably pay out a little bit faster
Than take profit trader. Um but yeah, you have to wait for the payout window though. So, if you make the money on day one, you have to also fit the consistency rule and um and then wait for your payout window where you don’t have to do that with take profit trader. But other than that, I like Tradeify. I’m not trying to down them. I just think the edge goes to take profit trader, but I do like that they offer straight tofunded.
It’s probably the only firm that I would buy a straight to with currently. So, right now, um, if that’s what you really love and you just want to go straight to funded, then obviously go the tradeify route. Um, if you’re going to get an eval and pass it, I like that there’s no rules with uh, take profit trader. I use the 50ks and the 150ks are my accounts that I think have the best value to them with the best draw down.
And like I said, resets are only 100 bucks. So, you can get a big one and the resets are only 100. If you have any questions, comments, come on the live stream, ask.
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What’s going on guys? So, I’ve been asked about my entire setup, all the different indicators I use, and everything else. I’m going to put that all together right now in the video. Be sure to watch till the end. Before I get into that, we stream live every day 10:30 to noon, 2:00 p.m. to 4:30. In the description of this video is a link to the Discord. Um also, if you’re looking to get a prop firm and want to save the most
Amount of money, be sure to use coupon code code trader. Also supports the stream as well. Other than that, um let’s just jump right into it, right? So, I use different tabs, as you can see. Each tab kind of gives me a different uh view on the market, different time frames, and things like that. Um we’ll start with this first tab. I basically have the sessions on here. I have uh you know, Asian session, London, uh New York. It says New
York a.m. It’s just New York. Uh the reason I do this is I love certain types of plays. I took this bounce on Wednesday, and it was uh literally perfect. Um I also What else did I look at yesterday? Um But yeah, I’m looking for sweeps, you know, where we come out, come back in, uh down, and then back through. Just things like that. I want to know cuz this is going to be definitely a line of support on the different
Um the different times. So, it’s something I just want to know about. Am I staring at this? No. But I also on this chart, I have This is on the five. I have the three-bar reversal pattern, as you can see right here. I love playing the three-bar reversals. It happens and when it does, you typically can get a good amount of points on the way out. Technically, your stop is at the high of the three bar. So, right here, your stop
Would be here or you can do at the top of this candle that kind of created the three bar. So, you know, you can have this or the top. Um and that’s pretty much what this screen is. Also, I trade my personal NinjaTrader here. So, this is like my personal account as well. Um this mishmash I guess has a a lot of fair value gaps, um order blocks, you know, things like that. I also have the three bar on here. This
Is basically fair value gaps. I have the orb on here, VWAP, pivots. This one’s kind of messy. I’m going to clean this one up a little bit. Um usually this one is on a one minute. So, it’s a little clearer on what’s going on. Um I don’t play the three bar reversal on the one, so I just ignore that. And um I’m going to clean this one up just a little bit. So, this tab is basically I for the spaceman levels.
And I’ll zoom out and see and show you. So, the levels are the daily open, being you have Monday’s low. I’m scrolling out. You have previous month low, weekly open, monthly open. You know, you have key levels that are obviously way far back in the you know, way far back. You know, it’s not something that just happened yesterday. But yeah, so this is just for basically big levels. This you know, you might not come into play uh every single day and
Literally it’s just something I want to see where we are at. You know, that’s kind of what it’s for. Um you know, if we’re trending down or up many days, we might not come into any levels cuz the levels are so far away. So, I just kind of like to see where we’re at and see what’s going on. Um right here, I have the different time frames. I have the 5, 15, and hourly. And I have bearish and bullish engulfing on
All of them. I have the pivot points. Pivot points are different on the hourly as they are on the 15 or the five. You could see five, we hit it. Five, we hit it. The pivot points are at a different spot here. So, I have those up. I have fair value gaps up. And then I have uh the three bar and that’s pretty much it, but I get a kind of a general idea on what we’re doing on the higher time
Frames. And that kind of lets me have bias on where I think we’re going to go. Up, down, um whatever it may be. Maybe I’m waiting for a break on the bigger. So, we played this three bar on the live stream. And uh my bias immediately became uh short. So, even if you do get a couple bounces, so look, that’s 9:00 in the morning. You know, even if you get you know, like this bounce, the fact that you had a three
Bar on the hourly and then also came up with one on the five is definitely a uh it’s definitely a short without a doubt. And then um this is basically just order blocks. Uh Uh, I’m able to draw on here cuz there’s not a lot of stuff going on. So, like I drew this rising wedge on Friday. This is kind of a a spot. It’s got pivot points, but it doesn’t really have anything else on it. I’m able to just draw
And see what I want. Um, super easy, not a lot. And then let me zoom this uh back in. This is just basically order blocks and fair value gaps. Um, you know, sometimes I just want a clean chart to only see these few things where I don’t have to scroll through all the crap. And then I go over to my Tradeovate. Let me uh let me open up a Tradeovate real quick. So, in the Tradeovate, I have The EMAs I like
To use on all my charts are the 34, the eight and the nine, the 200, the 105. 105 is the 21 on the five. I then use VWAP. I use the stochastics on the bottom. And then I have the opening range, which I set for the first 15 minutes and then the first hour of the market. And then I have volume imbalances where which are very similar fair value gaps. Um, but instead of like a big gap, it’s just little lines.
Um, stochastics kind of tell me if we’re oversold on the one. Kind of keeps me uh out of doing bad trades and things like that where, you know, we might be breaking out, but we’re definitely overbought, so I don’t jump in. Just things like that. Um, and that’s pretty much like my setups. I I love playing Honestly, I love playing order blocks. I love playing three bar setups. Um, if we’re trending, I love playing um either just follow the nine down
As you could see, or at the bare minimum uh the 34 if we go over. And uh that’s pretty much it. Like it it stays simple. Orbs, you know, the 15-minute orb play, um hourly imbalance, and that’s pretty much it. I try to keep it simple and and not get all crazy with a lot of this other terminology, but there’s plenty of trades to take during the day. This has made me a profitable trader. I’ve gotten payouts. I’ve gotten payouts this
Week. I’ve gotten payouts. The money just hit yesterday. Like, you know, we’re definitely doing well, and I try to keep it simple. You know, I’m just looking for big uh you know, support, resistance, and uh and then when you get a nice break, you know, bear flag break or bull flag break, you know, follow the trend down and you can keep playing it over and over. If you have any questions, comments, come on the live stream, ask, comment on the video,
Or uh come in the Discord, and I’ll be sure to get back to you.
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What’s going on, guys? So, Daily Payouts with TakeProfit Trader are back. We’re going to request money from uh them. We’re also going to request money from Topstep. Um yeah, it’s basically over three different accounts. As you can see, my 150 account is over the buffer. Uh yeah, if you want to see me trade live and earn these payouts, subscribe. We go live every day, 10:30 to noon, 2:00 p.m. to 4:30. Uh, also if you want to get a takeprofit trader account
Right now, 30% off, zero activation fee, use coupon code Cove Trader. And, uh, that’s the best deal out there. But, uh, any questions, comments, comment on the video. So, I’m going to pull money out right here. All right. So, I hit the withdraw button. This is a smaller one. Let’s see what we get. All right. Now, let me go to the other account. This one’s baby, but I made 23 or $2,500 in the account today. So, I’m just taking out I
Like to reset them every single day back to the buffer. Um because basically it pays for the accounts, you know, like I just got $93 there and 20 I don’t know 20 on the other account. like that covers both of the accounts now and now uh I can move forward with all all the gains. Let me uh let me bring up my uh top step. We’ll take money out of there as well. So this is what the screen looks like. So
I’m basically going to continue with a or bank wire. Once I click my info is going to come up all my personal info. So I’m not going to show that but I will show uh the withdrawal. All right. So there it is. I just took out $679. Uh TopSep has all your personal information on that page. Your name, your address, all the info. So I can’t show you that, but so we just took out $679 in Topstep. We took out 220
Plus 80. So I don’t know, we took out close to a,000 bucks today. Um, the good news about TakeProfit Trader is, uh, I’m not going to trade these accounts. Do not trade the accounts that are over the buffer, by the way. Once they’re over the buffer and you withdraw money, wait until they take the money out before you do anything. Um, so I have two other pro accounts that I could basically trade today and then hopefully they pull the money out
By the end of the day and then I could trade these sometime soon. I don’t know. Sometimes they take the money out by 10 in the morning. Sometimes it’s by two in the afternoon. So hopefully it’s done soon because if I trade uh and say I make $3 $400 in each account, I can then pull that out at the end of the day. And that’s what makes profit trader to me the number one firm because there’s just daily payouts every day.
I can hit the button. I don’t have to let the money sit in there. If you earn the money, you take it out. So, like I said, if you want right now 30% off, no activation fee, coupon code trader. Other than that, it’s pretty simple. So, if you want to watch me trade these, come on the live stream. If you got questions, feel free to comment on the video and ask. Come on live stream and ask. Um, and that’s pretty much
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What’s going on, guys? So, a massive day on the live stream. If you’re not there, you’re just missing out. Uh, we stream live every day, 10:30 to noon, 2:00 p.m. to 4:30. Um, yeah, it’s Payout City now. But, uh, if you want to support the stream, use coupon code Cove Trader. It will automatically give you the best deals. And smash the like button. All right, let’s just jump into it. Um, yo, take profit trader smashed. Look at these pro accounts. $3,500
Over the buffer. Getting a payout. Not a massive payout, but a payout. Same here. Massive day in the pro account. Not much at all. Combined, it’s about 350 bucks I’m going to take out. After they’re split, maybe about 300 bucks. But, uh, yeah, that’s big. Now I I’m at daily payouts. So, everything I’m up tomorrow, I can just take the money out. Also, the payout train does not stop. Got locked in day five. I’m going to pull out eight uh 680
Bucks here. So, between both of them should be about a,000 bucks today. That is a nice payout. And then on top of that, here’s all our Apex accounts. Massive. Just stacking and stacking. I actually got I caught the bottom and got bottom ticked. Otherwise, it would have been really, really nice. Um, I want to show you guys the best trade of the day. Um, so basically, let me just pull up the thing. All right. Also, on top of all that, I
Have an XFA in Ninja Trader up 735. That’s massive. Also, I have a funded account in Tradeify. That’s up 1,780 bucks. That’s another massive day. And then just about uh past these two uh top step accounts. Actually, I went over consistency on this one a little bit. We need to make some extra money on that. But yeah, freaking smashed. Um so I want to show you the the trade of the day is actually right here. Let’s go to five minutes. five-minute
Chart. Trade of the day was this long I took this morning. You could see you definitely want to have Asia and uh London sessions up. Uh basically, you had a three bar reversal at the top. You could have taken that short, which was awesome. You actually got one here, one here. Definitely telling you it’s time to go down. And then um you know the bottom of London is right here. We kind of swept it, kind of bounced right off of it.
You also have the bottom of uh Asia right there also. And on top of that, it’s 18500. This was the ultimate bottom to take a long and I grabbed this and I wrote it up. That was probably the trade of the day. Um, you definitely want to have on your charts session highs, high, low, high, low. And you want to have previous day high and low on there as well because a lot of times you end up sweeping and coming back
Through. Um, yeah, it’s just you could see right here. So, this was low of the day yesterday. Where was it? Right here. Yeah. So, right here is the low of the day. It’s this white line. It was the low of yesterday. You can see in London, you swept back above the lows and came right back through. And that’s why you have these things on the chart. It’s just it works too many times. You’re definitely looking for the sweep and come back.
And that’s kind of what we got right here. And uh yeah, so definitely put that on your chart. I use the ITC uh kill zone uh toolkit by Lux Algo as you can see. And uh yeah, I’m going to make a whole video about all my setups, my indicators, and everything else. Uh and I’ll post that this week or this weekend coming up. If you got questions, comments, come in the Discord. Discord links in the description of this video. And uh
That’s pretty much it. I’ll see you on the live stream
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What’s going on, guys? So, another pretty solid day today. I mean, it was super rough trading. Before I get into that, we stream live every day, 10:30 till noon, 2 o’clock to 4:30. I might stream live earlier tomorrow. Um, also, if you want to save money and support the channel, use coupon code Cove Trader. It will give you the best deals that are out there at all the prop firms. And right now, to be honest with you, well, Apex just did
80% off. Take profit trader is still an awesome deal. There’s no activation fee there. Um, so those are definitely two ones I would go check out. And this is my take-profit trader right now. We, uh, we stack pretty good in there today. Uh, especially in these pro accounts. These two really good day. Um, also, if you came and hung out on Topstep TV, you watched me today during lunch. I appreciate it. Um, also in the description of this video is the
Link to our free Discord if you want to go hang out. Um, also there’s a link to a bunch of prop firm information as well. But yeah, today was super choppy. And here’s Apex. I got uh I end up getting chopped up in one account and then uh made some money the rest. I didn’t trade a lot of accounts today. It was just it was super choppy. Super super choppy. But uh we came out. I’m gonna start trading the higher time
Frames to be honest with you. And I’m going to show you why in the chop. But we also had like uh the Boeing thing happened where China’s not going to be buying from Boeing and Trump tweeting today. That’s what that’s what caused this big drop today at one point. Um, and then we just kind of chopped the rest of the time was one big chop fest and then we finally ended up breaking out and making some type of move. I mean,
It was what it was, but what I like is the zoom out to the five and you kind of get a clearer picture, you know, especially on a big drop and then we retest right in here on the fivem minute fair value gap and then you continuation. Um, that was a great setup. You had the three bar uh reversal pattern right here. That was uh money money. And then uh you could tell we just couldn’t break this area. You know, that’s
Where uh definitely could have taken a short. And then you had the three bar on the 15. I actually called this out live uh right here. Confirmation under uh 19038 and you could have taken it down. And then we had another three bar happen towards the end of the day. I don’t know how much you you know you could have taken it down. I’m probably not going to take this because it’s happening with only about 45 minutes left in the day
And this is on the 15. So there’s only three candles before the day is over. So I’m probably not looking to take a 15. If it happened on the five towards the end of the day like and you still got a lot of candles left, I probably take that. But the 15, I need at least an hour or so of trading left for me to take that to kind of let it play out properly. Other than that, uh, top step, we’re
One day away. One day of $200 away tomorrow and we could take a payout. Other than that, I mean, I might I’m probably gonna take a short in my personal account. And this is why actually, let me just I’m going to show you exactly what I’m going to do and why I’m doing it. So, if you zoom out to the hourly, we definitely broke the uh the uptrend. That was pretty much right here. So, you kind of broke this trend. You’re
Unable So, you’re unable to go above this breaker block. My stop will probably be uh 157 or if I want to go tighter, I’m going to do like uh 19,08 maybe. And I’m going to buy this in my personal account. And my stop my stop might be up here. Yeah, probably like 05 19,0005 19,15. Um, you’re kind of getting a rounded top here. And you see it more on the five. you’re kind of getting like we dropped and now you’re just
Kind of rounding off and down. I think we can get a nice 100 200 points down and um I’m thinking about doing that when we open at six o’clock. So, if you’re interested, follow up with me in the Discord to see if I take it or not. That’s the only place you can get a hold of me. So, um I’m going to make the decision over the next hour or two and um that’s kind of what I’m looking at. All right.
If you have any questions, comments, comment on the video, come in the Discord, or I’ll see you in the live stream tomorrow.
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Transcript
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What’s going on, guys? So, if you’re a beginner to prop firm trading, then this is the video for you. I’m going to go into some things that I wish I knew when I first started, you know, to help you progress along faster than I did and things that could help people that are even trading for a little bit. So, first off, everybody, the prop firms allow you to trade uh bigger capital than what you have. So, for argument sake, $50, you
Could try start trading about $50,000 worth of capital and it can enable you to get large payouts with only putting up a small amount of money. What’s great about prop firms is you can build out a strategy without risking a lot of money and become a profitable trader basically on somebody else’s dollar. But let’s dig into a couple things that will make you know the first step easier. First, there’s only a fir a couple companies I would go with. One, I
Would go with take-profit trader probably number one. uh Apex trader funding uh my funded futures or uh top step is probably where I would start and then from there the worst thing you can do is trade alone. So be sure to subscribe below. You could watch me trade every day. Also in the description of this video is our Discord where traders talk all through the day and uh after hours where you know we post charts and everything else and you can
Kind of interact with other traders that are profitable and it’s all free. There’s no selling going on. So go in, take a look. If you have questions, comments about it, let me know. But also this piece of software in front of you every trader should have. It’s called Trading View. This is basically just charting. Has a lot of scripts and indicators. Um, I have a video on my different setups. That’s probably where I would start. Search my videos, look for my
Uh just type in trading view and you’ll get all my different setups. Or you come on the live stream and I can walk you through all my different tabs, what I’m looking for, the different strategies. The other thing I would do is the size of account you get at prop firms. I if I was brand new, I would probably just get a 150k account and trade one micro. The reason I would start here is 150k account gives you a lot of
Draw down where you’re probably not going to blow the account. You’re probably not going to take it to a payout either, but you’ve gone through the steps of buying an account, so you feel like you have some skin in the game. you’re trading one micro, which you know, you can definitely make money, especially in this market that’s, you know, swinging two 300 points at a clip. Um, but it it gives you the draw down. It allows you to um make a
Lot of bad trades and not blow the account. So, you can really test out your strategies, time frames you should be looking at. That’s another thing. If I was trading and I was new, I probably wouldn’t be looking at a one minute time frame. The lowest I would probably go is either three or five, it just kind of smooth smooths it out a little bit where you’re not, you know, if you’re brand new, sometimes you’re like, “Oh, one candle up, one
Candle down, and you’re like, oh, it’s going to go it’s going to go up.” And then it’s, oh no, you know, it came down. And then you get, you know, you kind of get out of your position because you’re new and you’re not sure what’s going on. So, I would definitely zoom out and maybe get on the three or five minute chart where it’s kind of easier to read. Um, you know, easier to place trades and you kind of won’t get
Stopped out of your position. I’d also have a little bit larger stop losses. Um, I I wouldn’t keep it too tight. You got to get used to it moving around and, you know, being down a little bit, but as long as your strategy plays out, you know, you let it play out. Um, you know, those are things like don’t trade alone. Find a group that we have, free group. There’s a lot of free groups out there. Start trading with other traders
Because you’re going to learn more talking and interacting with other people than you are just researching on your own. I definitely say you should research on your own though on Saturday and Sunday. You got to treat this like a job. If you’re not going to treat it like a job, it’s not going to pay you like a job. So, I would definitely do a lot of research. I’d make sure I’m trading with other people either in the Discord, watching people live
Stream, things like that is where I would definitely start. Ask a lot of questions. You know, I everyone’s got different questions, but I would ask a lot of questions in the beginning. And it could be the newest of new questions like, you know, what is that moving average or why do you use that? Um, the more questions you ask, the further you’re going to progress down down the line to become a profitable trader. And I would try to keep things really
Simple. I wouldn’t try to, you know, learn 10 different strategies. I’d probably focus on like one to two strategies and that’s it. Keep it super simple in the beginning. uh really learn the strategies, learn what you’re looking for, place some trades in the the live market on uh on the prop firms and you know get the feel of of being in. And then I’d move to other strategies. But I would keep it super simple in the beginning. Don’t complicate things. And
Uh that’s probably how I would start if I was new. And that’s kind of preserving your capital uh while further along your education as fast as you can and surrounding yourself with other profitable traders. If you have any questions, come on my live stream.
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What’s going on, guys? So, a lot of people like to ask the difference between TakeProfit Trader and My Funded Futures. Um, before I get into that, we stream live every day here on YouTube. Be sure to subscribe. In the description of this video is a link to our free Discord. Also, if you’re looking to get either one of these accounts, use the code Cove Trader. It will automatically give you the best deal at either one of the sites. take profit trader
Or my funded futures. So, let’s just get into this. Um, basically a lot of people use takeprofit trader or my funded futures basically because there’s no activation fee. So, a lot of times when you pass the eval and then you go to that funded account, the prop firm hits you up for an activation fee of a hundred bucks, $150,$125. There is no activation fee when you use the coupon code on uh take profit trader or my funded futures. So that’s what
Makes both of these uh probably one of the top the top two companies out there. I guess uh especially for price. Uh you can get a funded account for as little as $105 with take profit trader and I think it’s about $100 with my funded futures. Um just to run over the the main differences. Um, you could pass a my funded futures account in one day depending on which one you get. There’s a starter plus expert starter and eval alive. Um,
Take profit trader, they have a 50% consistency rule on the eval uh, and it takes five trading days. You can still flip, but uh, they do have a consistency rule, but then once you’re funded, there’s no consistency rule. While this depending on which one you get, there could be a 40% consistency rule if you use the starter account or if you use a starter plus the uh there is no consistency rule. So, a lot of people are opting for the starter
Pluses. I know this is a super popular one. Starter plus uh 50k is definitely one of the more popular ones because you got the no consistency rule for funded. Um, you know, you still have the 3K profit and they do, uh, you know, they have no activation fee. As you see, there’s no activation fee on any of them. You know, they do have the max contracts is only three. Max contracts on take profit trader is six. Um, you have daily payouts
With take profit trader. You do not have daily payouts with my funded futures. You got to hit the profit target and then you can take money out. Um, then when they push you live, you can take uh daily payouts, but you have to get to live. They also have a eval to live. Um, I’ve never used these because honestly, they’re kind of expensive and I don’t really understand the perk of paying an eval to live for a high amount of money
When um I could just pass like a starter or a starter plus. Then they have the expert accounts. They have no scaling rule. Uh no micro scaling, no consistency rule, no eval consistency rule. So you could pass this on day one and then hit your profit target uh the next day when it’s funded and you’re all set. So you know, there’s definitely perks. There’s a lot of different accounts, a lot of options my funded futures has. Take profit trader is really
Cut and dry. It’s basically uh you get the account, you pass it within five days, you go to pro, there’s no consistency rule, and you could take out money. Once you pass the buffer, if it’s a 50k account and you go over 52,000, you can take out any amount of money. And then once you hit $5,000 of withdrawal or more, you can go to Pro Plus. Pro Plus is the live account and you can have up to five of them. So,
If you don’t like rules and you just want to trade however you want, take profit trader is the way to go and uh that’s where a lot of people go. Um, but also my funded futures, you know, has certain things in there that helps a newer trader like a soft daily loss limit where you hit the daily loss limit on uh on the starter and basically stops you from trading, stops you from blowing the account, then basically you can trade again
The next day. So, there’s a lot of pluses. They have some more rules about payouts. Five days of $100 or more to get a payout. So, there’s a couple more rules involved. Um, but you know, if that’s what you’re looking for, my funded futures is the way. If you are looking for no rules, uh, either one of them you can’t trade news on. But other than that, uh, take profit trader is a free-for-all. Do whatever you want. Just make money and
And take payouts. So, that’s the main differences. You could trade them on all the same platforms pretty much except uh volumetrica is on my funded futures. I use trade of eight so it’s not that big of a deal. They they’re both on trade of other than that if you have questions or comments comment on the video and I will get right back to you. Come in the discord or join us on the live stream.