Category: Videos

✅40% Tradify Coupon Code COVETRADER

Transcript

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What’s going on guys so I guess after so many questions I figured I’d make a video about it before I jump into uh tradify uh we stream every day 1:30 to 4:30 come join us on the stream we do live trading hang out it’s a great uh just a great community and if you like what you see here today just smash the like button um all right so once you guys have been asking me about this non-stop so I just figured

I’d make the video and tell you about my thoughts and what I think about it and everything else that goes in between so just remember by switching prop firms doesn’t make you more successful if you’re losing money in one prop firm you should probably look at your trading strategy next and if you’re not getting payouts come on the stream let’s talk about it and let’s go over a couple things or jump in the Discord uh discord’s free links in the video

But if you uh do want to get an account at uh tradify uh well I have coupon code Cove Trader you will save 40% on this and um that’s pretty much it so let me get into the plans that they offer and what’s going on basically they have the you know their regular plans that you get the evals on um I don’t know if I would use them for the evales because it’s activation fee is 125 which is high right now

You have firms offering zero activation fee and it says $199 a month but with the coupon code you’ll save uh 40 bucks so it’ll be like 60 bucks and then there’s an activation fee um I probably wouldn’t use this company for EV vales straight to funded is is interesting um basically they have consistency rule 20% you got to trade for 10 days the draw down is end of day which is obviously good um they do have the daily loss which is

Soft breach which means you do not lose the account of 12250 Max contracts is five minis which is more than enough um it’s pretty straightforward the only thing I don’t love about it is 20% consistency rule but other than that I think the price so it says 5.49 I just want to show you so it says 549 obviously you come over here you use Cove Trader you hit apply and you’ll save 220 bucks and it brings it down to 329 um

It all comes down to your cost of getting a funded account you know when you look at other firms and what it costs to pass an eval and then you pay the activation fee what it costs you got to lay that out to yourself like if you’re passing one in five accounts um maybe going straight to funded is better here if you’re passing one in two accounts maybe you go the eval route because it’s going to be cheaper maybe you use

A different company um and you go that way but I do like that it’s straight to funded here you kind of save yourself the days of trading evals so you kind of go directly there um they haven’t been around very long I want to say they’ve only been around about a month two usually I give prop firms about five to six months before I start trading with them uh you guys just kept asking me about it in the chat and talking

About it so I just figured I’d dive into this now um you know it seems like everyone’s getting paid I know that they’ve recently changed their rules and um you know that that’s something that you’re going to have to look at I think the profit Target was like 2500 now it’s going to be 3,000 um they got a couple rule changes nothing major just small stuff but uh I think if you’re looking for a funded option there’s two firms to go

With currently a straight defunded option one is tradify and the other I’m going to make another video about um for Sunday that company I’ve been trading with for a little bit but uh this one seems pretty interesting the cost for funded account is not great to a Trader like me because I pass evals at a high rate so it but it’s I like it because I don’t have to waste time um I would never go all in on one firm just

So you know I never go all just all my you know everything just at one place so I’m always going to trade at four or five different firms I use the firms differently um I’m not opposed to getting a couple of these accounts and knowing that it’s straight to funded it’s only a 20% consistency Rule and maybe trade one or two profitable trades a day and stop uh I mean that’s pretty much how I see it you know I I don’t

See myself trading with them all day because you could definitely go past the 20% consistency rule you know you get a couple good trades and and you’re going to blow it um yeah I mean other than that I do like the end of day end the day is obviously the best and um I it’s almost better to use the 150 account here just for cost vers cost I just don’t know if I would pay so it’s half it’s about 400 bucks

I guess for the 15 versus 330 for the 50 just something I would I would weigh it out maybe I would think about it it’s not that much more but uh yeah so that’s where where I’m at with these accounts I do think that there’s a place in my bag of accounts to be a straight to funded account um I would never just be all one firm like I said before but these guys they’re paying people seems like they’re pretty active

On social media so they put themselves out there it seems like they’re trying to do the right thing and just remember they’re new so they’re are going to have uh hiccups but overall I I’m probably going to give them a shot here um save myself the 40% and um everything I’m talking about is in the description this video and that’s prettyy much it I think uh it’s not a bad place to maybe pick up an account or two and see what

Happens so that’s pretty much where I’m at with with these guys um and it seems like customer service is pretty good also they get back to you really quick so if you have any questions about the account I mean trading the account they all use the same software um you know hooking hooking it up there’s nothing to really go over with software watch all the prop firms use like three or four different softwares so it’s not like we need to go

Over the software but uh yeah so that’s pretty much with this if you have any questions uh just comment below

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

Transcript

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What’s going on guys so I’m about to drop some serious knowledge on you that nobody is talking about in the prop firm world and I’m just going to tell you how it is and if you like the video be sure to smash the like button um also if you like what I say and you want to come hang out I stream every day 1:30 till about 4:30 every uh day that we trade um so yeah I’m just going to jump right

Into it um there’s so many things about the prop firm world that is just against you and things that they don’t even talk about and when you start really visualizing it your goals of the prop firm world will change so I’m going to start off with the first one the biggest lie that they’re telling you is wait right before I get into it there is a place for prop firms I think they’re good I think there’s a place for them but

You need to know the truth and the goal is to get your payouts and move your payouts to real trading accounts and then you continue with prop firms and you take your money out and you move it move it elsewhere um and just so you’re aware what’s going on you should know about these different things the first thing is when you buy a 50k account you’re not getting 50K K of funding you’re getting whatever your draw down is because if you

Lose $2500 you really only had a $2,500 account you didn’t have a $50,000 account but they used $50,000 to uh Market to you they use $150,000 to Market to you dude you’re not getting $150,000 of funding you literally you know whatever your draw down is is is what you’re really getting which is what what is it like 5,500 bucks $4,500 on on those accounts $2500 on the 50k accounts and on a 25k there you’re getting a $1,500 so what I’m trying

To get at is also uh if you’re spending thousands and thousands of dollars to get a funded 50k uh prop firm account I mean if you had $2,500 you can just throw it in a live account and trade um you don’t you don’t actually need the the account um that’s the truth now obviously you know if you took that 2500 and bought 10 Apex accounts got them funded and then there’s the multiplier and things like that like there’s a lot of

Things and that’s why there’s a lot of reasons why you use the prop firm because that’s the other argument well you know I can spend $1,000 get you know 30 accounts and you know yes that that is why I do agree that there is a place for it I just want you to realize what you’re really buying also the rules anytime a firm says that they have these rules in place or they’re changing rules to make you a better Trader that

Is completely false the reason they’re changing the rules is just they’re not making money a certain way and they’re making it harder for you to earn money that’s the truth um if they’re raising price targets or making it harder for you to get um accounts or whatever it may be uh they’re making it harder for you so they can earn more money every single prop firm has a backend which has all the data on on how many people how many you

Know people on average how many accounts it takes to pass evals how many accounts total does it take to pass an eval and then get funded how many funded accounts get lost they have stats on every single aspect of trading and then I wouldn’t be surprised on the back end if they group The People by profitable Traders non-profitable Traders and then skew the rules for for you know in general to see how much money they would make if they did this

How much money they’d make if they did this so you’re playing uh it’s basically like a casino they have the edge but like I said the thing is you you can use a small amount of money lever it up and uh and do your thing and you know when I go through all this um there’s one prop firm that I truly believe is the easiest to to get well there’s one to easiest to get payouts and one to get large payouts

I think the easiest one to get payouts is my funded Futures and the easiest one to get large pay payouts is take profit Trader you get paid on day one there and uh yeah the and they have no act both firms have no activation fees um and the rule seem to be as good as possible for you I didn’t realize this but if you look into like a firm like TOP Step you can only withdraw half your money half your gains

Read the rules half your gains that is definitely skewing the rules to uh not in your favor and there’s other firms they do a lot of different things you got to really look at the rules and check it out um but then back it up one more thing a lot of people want to uh prop firm hot um this is you know they run deals and they run certain things that are like oh well we’ll do this and that you also

Have to remember at the core of all of this if you’re not profitable you are not going to be profitable at another prop firm you should have charting software like the one I have right here at at least so I use trading view I I’m running scripts I’m running I’m marking up the charts I’m looking at things I run different tabs with different indicators I’m you know I’m not just sitting on on trade of8 being like Oh uh I’m just using

These crap trade of eight tools you know you’re only going to be as good as your tools um I highly suggest getting trading view um if you don’t have trading view toss if you’re using a real broker you can use toss um you know ninja Traders pretty good Quant Tower is good but if you’re just sitting there on trade of eight you’re not you’re not helping yourself out there um you know just everyone’s focusing on the prop firm and don’t get

Me wrong it does matter to a degree but for the most part if you’re profitable at Apex you’re going to be profitable somewhere else or if you’re losing money at Apex you’re probably going to lose money at take profit Trader and you’re probably going to lose money at my funded Futures you know you should look at your trading more than the prop firm now if you’re getting payouts and you like the rules somewhere else well then that’s something completely different then

I can say hey you know what these rules are better for you or you know you should go here because of this you want daily payouts go to take profit Trader you know because you’re getting payouts already but you know I’m sitting in the Stream and people are telling me they’re passing one out of every 20 accounts dude it doesn’t matter what prop firm you’re at if you’re passing one in 20 accounts you got to work on your strategy not the

Prop firm and then what I would do if I was passing one in 20 accounts I would trade like a paper account um you might be able to get one in trading View and if you can’t get a payer account go to like a pack or something pay for like a 250k account and trade like one micro at a time and all you’re doing is trying to become profitable every day you will not blow the account but you will just see

If you’re profitable and that’s how I would trade I would work on my systems I’d work on my indicators work on my charting and once I’m profitable then I say Hey listen what prop firm fits my style and that that’s what I would do um you know that’s pretty much where I’m at and most people are not telling you this type of stuff they want you to just buy evals from them using their code and don’t get me wrong great use

My code I give back I will do free accounts and the whole thing my goal is to make you a profitable Trader I make money trading mostly real money outside of prop firms I I don’t I don’t need you know I don’t need this I’m trying to make everybody in that room a better Trader I’m trying to make people profitable I want to see you guys win I want to see you guys you know maybe you want to quit your job

And do this full-time and move off of prop firms and start trading your own money you know that’s the goals that I’m looking for you to do I want you to excel in this and then you know kind of just grow it to do your own own thing um I think that’s everyone’s goal but I just want to drive home some topics that aren’t really talked about that much and should be talked about so that’s where I’m at I think more

Traders need to focus on their trading and not so much prop firms but if I would say the prop firms to use I would probably go takeprofit Trader my funded Futures because the rules are probably the best there and and then from you know and that’s it but I’d focus on my trading more than anything so I hope some of this opened up your eyes that the prop firms are not here to help you out they’re just a vehicle for you

To leverage your money get paid and then move it to Live accounts on brokerages and trade that way and that’s where your goal should be and that’s it so if you have any questions comment on the video and hopefully uh you know I can help you out and hopefully I see you on the Stream

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

Transcript

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

What’s going on guys so another great week over here um before I get into everything just remember we stream every day 1:30 till about 4:30 um right here on YouTube also if you blew any accounts coupon code Cove Trader actually gives you the best discount uh it’ll automatically appear uh every type of firm uh take profit Trader Apex my funded futures profit trade tradify um works at all of them so one piece of uh announcement I am going to make an

Options channel uh it’s going to be called Cove Trader options I’ll make a video about it this weekend and I’ll put all my options and stock information over there feel free to uh join check it out also I’ve been posting in the Discord through the day all my different trades as they happen if you are not in the Discord it’s free and the link is in the description of this video as well um but yeah everything is over there and then

Uh yeah so basically right here almost at a payout with Apex this is going to be the last pay period before they implement the new rules so if you’re kind of close to getting a pay out I recommend pushing it a little bit getting the payout and then then the new rules will come into effect after that um but yeah I I switched up a couple things been super profitable since doing it and uh yeah today you kind of see what’s

Happening um on top of that this is a funded account it was up 344 today it actually just reset and this was up about 400 bucks today as well and then I had let’s see if I can pull up my profit trade ah can’t uh they reset it already but this was up 585 today and then this is a new one up 15 bucks um yeah just stacking gains stacking a lot of gains I’ve added new things like The Tick chart

I have up now and then you could see the different uh indicators I’ve been rolling with on here basically I got smoked earlier today so all these PA accounts were down 700 to $1,000 at one point um just I I got destroyed early on so basically I was playing the I was playing the short after we came up so much I was playing the short for like a 10:00 turnaround did not happen um you know just didn’t happen so I uh

I took the short up here when we made a lower high off of this I made some money and then took it took a long over here and then you could see some of the Red Arrows um when it basically cleared the fair value gaps to the downside I took that and uh yeah made some good money and then I actually caught just about the bottom here on the stream you can see the Green Arrow basically we dumped and then we

Reclaimed a fair value Gap we inverted it and I uh I took it up but yeah things have been pretty good since I’ve added some new indicators on here you could see um some of them are here the arrows and um and then other tabs have other indicators as you could see there you know what’s crazy is I basically I put an alert to happen at$ 499 I think 98 I was going to short the uh F the 500 rejection is

What I was going to play in options and we basically I basically got the top of it and when the alert went off I uh I didn’t play it like an idiot I don’t know why I didn’t play it let me see if it comes up notifications no my ideas oh here alerts let’s see if I can find it right here I guess this is in oh here it is oh so I did $ 49959 sorry 9959 I it was crazy

Was you could look I created it on October 14th so I created this a while ago and then it finally hit today and that was my opportunity to short and I I didn’t take it like an idiot like an idiot idiot I would have almost caught the top and made a ton of money on uh options puts but didn’t didn’t go with it and then I have the split screen now I use the split screen uh the NQ versus uh basically

The es and uh you know you can see divergences and things like that is kind of why I have this up but yeah so those are some of the new things I’m doing um you know I got some other stuff I’m going to put out over the weekend about some of these new prop firms I’m testing out you got to remember everybody is wants to jump from prop firm to prop firm what you you should be doing is working on your

Trading style and your system if you’re not profitable because most of the rules are very similar and they all use the same platforms for the most part so instead of going from prop firm to prop firm I would start working on your system and focus there more than anything but uh and that’s pretty much it so I’m going to put out some videos over the weekends I’m going to do my first options video and uh that’s pretty much it so I

Hope you guys are are green and I will see you on the stream on Monday

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

Transcript

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What’s going on guys so another day in the books uh lot of gains before I get into that I got a couple things I want to go over with you guys one I’m starting to post in the Discord a lot more during the morning hours um I posted in there today we caught a nice pump for about 20 points and then I uh I just posted something else I caught the dip at the end of the day you could see the

Screenshots um I’m going to be posting plays that are outside of scalps because I know it would be impossible to follow a scalp but uh I am posting more commentary and trade setups for bigger moves um I’ll be posting that uh through the day from the morning till I get on the stream later on um also if your prop firm is creating more rules uh or things that you don’t like I recommend you going over to take uh take profit Trader

They’re running 40% off no activation fee just use the coupon code Cove Trader um it’s in the description of this video but uh there’s no rules on the funded account except you can’t trade news and that’s it there’s no consistency rule you get paid on day one and uh yeah so I think you know if you don’t like rules that are coming out on your firm head over to take profit Trader and uh you know there’s no activation Fe you also

Right now so get it before it’s gone um so yeah so there’s that uh duck races are going to make slight changes to going forward I will talk about that on the stream um I think it’s a way to get rid of all the duplicate accounts we talked about it at the end of the stream and I’ll go over it tomorrow while we’re live um so yeah so we talked about Discord duck races is uh prop firm with no consistency Rule

And no activation fee and then uh yeah and my day was pretty good you could see this uh I only had one PA account get kind of smacked but uh I got rebuild a ton with Apex and I’m basically clearing out the accounts so I’m basically going hard and I’m either going to pump gains and pass them or I will uh end up failing them so that’s kind of where I’m at as you you could see I think I got one

Or two over today and I stacked uh quite a bit of gains in some of the other ones um this account’s down I actually passed this is a brand new funded account I passed a funded account today and uh my funded Futures when you pass a funded account they automatically give you the funded account within like five minutes so I got the funded account and then um this is another eval and I stacked $2,100 in gains on that eval today so

If I could pass this that’ll be my third funded account um and that’s the most you can have I believe at one point unless they upped it to five but I know three was the max at one point and this would give me my third funded account um so yeah I mean that’s pretty much where I’m at today today you could see I caught that it could have held for longer gains jeez but uh very choppy action actually I’m loving my

Script my new script here you can see all the uh the arrows and whatnot uh yeah I just I basically was playing shorts today so every time we would pop up we shorted the only time I took a today early on was in the Discord I called this is the bottom and I called The Sweep and I said we’re going to sweep and then I’ll probably catch it on the way back up so after we swept when we came back over

312 I took it long and um you could have gotten I don’t know 25 points off that I put easy 20 points in the uh in the Discord and then yeah I was just every time we came up around the 200 I was just kind of short in it in this Zone and you could see we were making lower highs so you had this slightly lower slightly lower and then when we bare flagged here we just plummeted and then the next

Time that you would have looked to take long was kind of a double bottom situation here um I wouldn’t have taken it right there I would have taken it when we went back over the pivot point and then you had a nice run up and then of course I get on the stream and we chop around for a while um but that was pretty much the day I I thought I thought it was pretty good action I’ve been making a lot

More money early on in the day and then losing the money later like basically losing the money from 1:00 on and making the money from open to basically noon that’s kind of been my trading window and just been crushing it early on and then outside of that um actually I don’t even know where these Pas are at like where is 103 at anyways H well this one’s getting close to a payout but that’s where I’m at um things are going pretty

Well and uh yeah just keep it rolling pretty much so hopefully I see you guys on the stream tomorrow we’ll do an account giveaway and uh we’ll have some fun all right see you tomorrow

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

Transcript

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What’s going on guys so if you haven’t seen yet Apex got me really good I went away for five days um I didn’t check my account and I got rebuild a fon and as you could see that’s why I have so many of these accounts um so yeah this is how my day was going if uh you like something like this join us on the live stream every day here on YouTube uh we stream about 1:30 till about 4:30 every day

Um and if you happen to blow any accounts if you want to save the most amount of money use coupon code Cove Trader on take profit Trader Apex my funded Futures and some other ones but uh yeah let me just jump into today I mean at the end of the day we had the Tesla earnings which uh obviously helped us break out of this flag at the end of the day push up and then up again um yeah everything was pretty

Good I was definitely bared early on in the day um if you look at the chart setups this is my chart that I’m using and um I have the 377 on there obviously we rejected right off of there but uh a lot of the times we rechecked uh the fair value Gap we broke down and then just kind of kept trending down I mean there was nothing that I was looking to go long until we were back over the 34 four

Which brought was right around here obviously I wasn’t catching the bottom but what that does is it keeps me out of large draw Downs so if you’re not trying to catch the very bottom I just knew today was super bearish and that’s why I didn’t really try to take any bounces I think I tried to bounce around here um and again at 100 but I very small I just felt really bearish until we broke the 34 once we broke the 34

And then we pushed back up I was like okay like I think that was a trend change and I knew Tesla earnings were coming up so my bias turned long um when we were back over you know 130ish uh but yeah I mean everything this morning was pointing down so you should have been you should have been short I mean that that’s pretty much it then we banked long in the the chat and as you could see everybody was trying to

Get me to go green in every single one of these accounts um we did a pretty good job we stacked gains just about everywhere and then on top of that um this is a this is an eval I’m up 1,700 in today and then here’s a funded account I’m up 160 in actually I could take a payout right here I can withdraw 593 it will destroy the account but I’ll have 593 in my pocket um I don’t know if I should

If you think I should take a payout comment on the video let me know what your thoughts are I am up in the air or I’ll just grow it a little bit if I can grow it another like 600 bucks maybe I take 500 out leave myself a little buffer I don’t really know because if I go up 500 more dollars I might still just take it all out um I pass one in three accounts here so it’s not hard to

Get another funded account plus I already have this one that’s just about funded so it’s not really a big deal all we’re getting yeah um also I think lrcx had earnings after hours and they were good what I’m going to do tonight I think is I’m going to take a my funded Futures account a brand new one um I’m hoping we dip at open around six o’clock and then I’m going to take one contract long and let it move around and

Whatever happens happens um and that’s kind of where I’m at I just kind of think we’re going to Trend up for the rest of the night um but yeah I mean those are my thoughts and uh we’ll see what happens and that’s the recap I’m just looking at everything so all right hope you guys made some money today and I will see you tomorrow on the Stream

✅ 80% Off Apex Trader Funding Coupon Code COVETRADER

Transcript

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What’s going on guys so the Hot Topic is Apex Trader funding I’m going to go over the new rules and I’m going to go over some things that no one’s even talking about which I find interesting um I’m going to go through it all on this uh video and I’ll try to go through everything that people were asking on the live stream by the way we live stream here every day uh 1:30 to the end of the day we trade live

And and uh if you’re looking to save money on apex use coupon code Cove Trader uh it’s also in the description as video you’ll save 80% it’s uh $85 Pas and uh $35 resets or yeah so anyways my brain’s going crazy looking at all this stuff and here it is so they just put this email out and it’s a little bit of everything and we’re going to talk about as much as I can about it um so basically they rolled out

New rules everybody’s talking new rules everyone’s jumping to conclusions oh this sucks whatever whatever think about it like let’s really go through it like a uh person and see does it really affect us um basically just to start from the top uh they’re getting rid of the flipping rule so that that’s interesting that’s pretty good um they they’re getting rid of the DCA Rule now that is a major one because they denied a ton of people so everybody that got denied

For uh dcing is now would get paid so that seems like a positive right there right I mean I would say yes because also I used to trade with um entering a trade four different times it’s instead of buying with minis I used to buy five micros in four different sections and kind of leg into my trades and that was something that they didn’t want to happen and now I can go back to doing that which is awesome so that’s actually

A huge positive for me no more bracket breakout rules I like the bra I like that so if you don’t bracket trade you can kind of set buys above the breakout or sells below so as long as once it breaks one way or the other you can get paid um you can do that with short uh take profits also so you can easily get you know maybe two or three points um bracket trading uh it’s definitely something that I’ve done in

The past and I like that that’s back no more morning opening trade restrictions that’s good for anybody that trades the open um I have traded the open range um before and I stopped because they implemented that rule so being that they’re getting rid of it I can go back to doing a uh strategy that I like doing so I was doing it in other firms and now I’m back uh probably going to do in Apex going forward no more news rules

Now you’re going to be able to trade news uh I’m guessing that’s in your funded account so that’s awesome you can trade news in your funded account you can make a lot of money trading news you could also blow your account so watch out also what you guys don’t realize is trade of8 sometimes lags around news so just because you can do it doesn’t mean you always should do it and that’s with a lot of things in life um no more

Auto Trader bot Auto strategy rules okay okay that’s interesting I don’t I don’t do any of that anyways that doesn’t pertain to me contracts Apex contract scaling half contracts until trailing threshold stop example if you have a 50k account you can Max trade 10 contracts under scaling rule you could trade five okay well let’s be real I mean most people are not trading five minis in their funded account so somebody that’s like oh will they have scaling right now most likely

Wasn’t trading more than five minis anyways because if you’re trading five minis in a 50k account one bad trade could destroy the whole account so most likely you were not trading five minis risk management do not risk more than $500 to make a 100 that that stuff doesn’t even pertain to me this is just no rules on all right well we went over all that here’s the 30% rule that everyone’s been talking about by the way they also have the buffer

Rule other firms have it basically you could now only withdraw over $52,000 so you have to get over $52,000 and then you could take out so basically once you reach 52,600 you could take out I believe it’s $500 bring it down to $2,100 and then you got to build it back up to get paid previously you can withdraw all the way down to 50,500 but you would essentially be burning the account because the buffer is so small after that that the

Majority of the time I would lose that account so it’s going to be interesting that they limit the amount of money I could pull out because I’ll probably end up keeping the account much longer and I think once you pull out five times you can pull out as much much money as you want I will most likely keep my accounts much longer this way it sucks that you can’t pull out all the money that you used to but in the long

Run you might be able to keep your accounts longer and get paid more that’s going to be something I’m going be looking into um so this is a 30% negative p&l basically they don’t want you to lose 30% on one single trade um I never if I have a 50k account they don’t want the trade to go minus 750 or more I mean if you have a 50k account you probably shouldn’t be down 750 in a trade anyways um because that’s

About that’s well it is it’s 30% of what your draw down is so I never risk 30% of my draw down on one single trade so that that doesn’t affect me and honestly you shouldn’t be risking 30% of your draw down on one trade either so that should not really affect you anyways imagine if you had a trading account with a 100 Grand in it and you were risking $30,000 on one trade like it just doesn’t happen that’s just doesn’t happen

So you shouldn’t be doing that anyways um it’s not a daily loss basically yeah I mean you know then they just kind of give you examples on how like what size account what you could lose on the trade I mean I wouldn’t even go anywhere near that the most I lose on a 50k account in a funded trade maybe 300 bucks you know so I’m nowhere near there I mean I like to keep my losses small you know but right here

It does not mean you’ll be denied does not mean that you’ll be Dy to pay out I mean it’s all very interesting um once you have doubled your safety amount you go up to 50% well I mean I probably wouldn’t go to 30% so why would I go to 50% um I think overall most things the biggest thing change to me is the amount of money um that you got to get to pull you know $2,000 out previously you just had

To get to 52,600 now you got to get to 54,600 but when you do pull your 2,000 out your account will most likely stick around a lot longer because now you have a decent Siz buffer instead of having a $500 buffer I I’ll have you know like a $2,000 buffer so I’m probably going to keep my funded accounts a lot longer this way so I think in the near term it’s going to suck because you’re not going to get those payouts

Like you were but in the long term um you’re probably not going to blow funded as many funded accounts and you will still get the payouts because once you’re over the buffer it’s it’s it’s all that matters is it’s just an extra $2,000 and once you make that you just keep making money and pulling it out so I think near term it’s sucks but long term it’s whatever I’m not really worried about this I’m probably going to keep trading with Apex

If you don’t want to trade with Apex anymore I recommend takeprofit Trader or my funded Futures uh you can use coupon code Cove Trader save yourself a bunch of money on either one of them but the rules there are pretty easy um I’m still going to trade with Apex um I don’t see myself leaving because of this it you know just I just I got to make the money anyways if you want to pull it out so what does it matter

Um you know my buffer is going to stay large which is nice and it is what it is so you know that’s my thoughts on this new um new Apex thing that’s going on um I think what a lot of people aren’t talking about is they can change these rules tomorrow I think a lot of people aren’t talking about it’ll probably save your funded accounts and you’re probably going to keep them longer um I think if you’re anti- Apex you’re definitely

Not talking about that but that’s one of the realistic things is you’re probably going to keep your account longer um with these rules in place um the reality also is you you know like I trade sometimes and I make like a hundred bucks in a day like I got to for a little bit bigger targets if I want to get to $54,600 you know $100 a day doesn’t really cut it I got to be getting you know $300 a day or

More um to get there you know and also the consistency rule is 30% but if you’re getting to 54,600 you can make a lot more money in a day than you were previously and that’s something else people aren’t talking about so there’s a lot of things people a lot of benefits that people aren’t talking about that are interesting here but hey if you don’t like the new rules go to take profit Trader go to my funded Futures go to you know

Another firm or you can load up money and trade in like an E Trade account so you don’t have to use Apex so anybody that’s like oh you know you just keep keep complaining you don’t have to use them that’s the beauty about this is you don’t have to give them your money so I hope this clears up a couple things if you have any questions ask in the Discord the Link’s in the description of this video if you’re not in

There also you can ask on the live stream and I will go over um I’ll go over anything that you have questions on so I hope this clears up a couple things and uh I’ll see you on the live stream tomorrow

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What’s going on guys so a little announcement and a bunch of little tips that I think you can use as a Trader through the day um just some little tidbits first of all the announcement you guys um I’m recording this early but it’s will be live on Monday to let everybody know I will be back tomorrow trading live which will be Tuesday we will pick it up normal time 1:30 or 2:00 will start and we will go to about 4:30 we

Will do uh an account giveaway during that time kick things back off uh and hopefully we slam some accounts go for some payouts and uh pass some evals so I just want to remind you guys that uh I’ll be back on Tuesday we’ll do an account giveaway and um I was thinking about adding some other things to the stream that day as well um I’m going to think about it while I’m away and see what I can come up with um

And then to some tips some of the things that um you know if you’re going on tilt or if you’ve been having a couple bad trading days and you’re just not getting it one of the things that um I would do is only you basically kind of following the trend so this purple line when that goes over the 34 so when the nine crosses the 34 I’m only playing Longs I’m not looking for shorts and the same thing when the nine

Goes below the 34 I’m only looking for shorts and this kind of keeps you um as the quote Trend be your friend um because a lot of people are getting caught trying to guess the top and things like that so this would take all of those bad guess the top or guess the bottom trades out of there and only allow you to kind of play setups and not you know uh trying to guess the top and just keep getting smoked so

That’s one thing that I would definitely say um I go back and it’s just something to look at you know is the uh nine above the uh 34 and kind of uh keep me in or out of some dumb trades um I’ll also you know if we don’t close above the nine I’m I’m never looking to go long um and that keeps me out of guessing some of the bottoms even though I will kind of play it when it comes to

Pivot Points and things like that but generally speaking uh keeps me out of Trades like this where Oh I thought that was the bottom we bounce yes yes yes we hit the nine then we reject so I wait till there’s a true Trend change and then I start playing the other side and a trend change to me is some type of candle formation um you know you kind of got tweezer bottoms here you know down red right back green above that

Candle and the next candle pushes higher that uh signifies a trend change without a doubt let me go to here um so yeah I mean that’s pretty much it let me go to the one I mean this is after hours after hours doesn’t always play great but uh yeah just kind of you know stay trying not to play against the trend is one way that if you’re having a bunch of bad days you don’t need to do it every day but

It’s just something to look at um I just go back to basics Basics to me is literally playing pivot Points where hey we go to a pivot point you know we’re rejecting I I’ll take it short or I’ll take it long for a bounce um I stick to just like vwat balances like right here and um maybe 200 you know 200 touches and then I don’t trade anything else I keep it super simple and then after a couple wins maybe a

Couple winning days I’ll rethrow in the 5 minute orb the 15minute orb and the 60-minute orb and those will kind of um also you know more basically it’s creating more trades more balances more more of everything so if I’m have all these things on the chart I’m taking a lot of Trades but if I’m having bad days the idea is only to take uh you know basically like one to three trades a day that just kind of line up and just

That’s how I get back into the swing of things so hopefully that helps you out a little bit um but yeah if you strip everything out um just playing some pivot some good old pivot rejections and pivot bounces and just that’s it um and stop you from doing stupid stuff and that’s what kind of keeps you from doing stupid stuff is only having a couple things on your chart basically you just sit here you take everything off so you don’t even

Want to look at it and then you just trade what normally works rejections rejections you know and if it doesn’t come down and touch doesn’t come down and touch you know kind of look if you’re going back and forth we know not to play you know consolidation above a pivot point sooner or later you’re going to get the expansion but you know just some tips that if you’re feeling on tilt or you’re having a couple of bad days the idea is

To trade less not more and build on small wins all right I hope to see you tomorrow on the stream we’re gonna have some fun and uh you know I’m glad to be back

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What’s going on guys so this might be my new favorite indicator on trading view when I trade different prop firms um if you want to see it live I trade live here on YouTube Every Day 1:30 to about 4:30 um come join us in the chat it’s a great hangout place and uh you might even learn something I don’t know but uh stop by if you have any questions comments mment on the video and I’ll get right back to you but

I started using this script I will get rid of all these so you can see it for yourself um so it’s Lux algo inversion fair value gaps and basically um as you can see as it inverts them um you get these little arrows let me see I’m also I keep on this as well all I was just playing around with some of these other ones so that’s pretty much what you get and yeah it’s pretty cool um so I’ve been digging

Into more of the ICT uh I guess Concepts not all of them just a few and I’ve been playing around with fair value gaps and it’s kind of interesting to be uh to be honest with you um when you trade through them so basically this was a uh fair value gap on the way up then we came back down we traded back into it and then on the way back down um I’m actually loving that setup more than other setups so

Basically on the way up you just kind of watch when it Peaks you get another one look you trade back into the Gap you bounce out do not make a new high and then you kind of settle back into it and then when it trades through it to the downside um kind of loving it kind of loving it so I’ve been playing around with this script uh I like that the arrows come up um just kind of notifying you to the

Side I’m not taking trades just on that it’s so weird that the funky script the fact that just like went away because I zoomed out so I just refreshed here so I guess it only shows up um during the trading session because they went away and now we’re in this trading session so so I just put the replay back so you can see it this just replay and you can kind of see how it works you know you have the when

We trade back through you have the Green Arrow and it’s just kind of giving you indications based on based on Fair Value gaps where we’ve traded into it and then took the price action out and back and forth it just kind of notifies me what’s going on this is on the one minute obviously you can trade it on see how when it invalidates it it kind of the whole thing goes away um it’s just very interesting I’ve been paying attention to

It for about two weeks I’ve been playing with the script and I’m kind of liking it uh today it’s helped me quite a bit I took some trades off of it um you know I combine it with other things though I’m going to be honest with you I combine it with structure Candlestick structures I like um also where we are in the chart um so I’m kind of combining it with a couple different things but I am starting to play with

These fair value gaps more and more like right here I took this trade today you can see we busted through this fair value Gap we came back retested it and shot through loved it um so I’m having High Lev success I really have to dig into more about this stuff I just don’t have that much time at night but uh the concepts are interesting I’m not taking anything for you know this is how it is and this how it is but

It is uh becoming more interesting so this is kind of how it plays out obviously anytime it pops up I don’t just take it um like I said there’s other factors that come into play but um I was showing people on the Stream I kind of I’ve been looking for something like this um more visual than just the fair value gaps and um this is kind of been pretty decent for me so I don’t know like I said I’m testing it

Out been testing out I’m liking it I wanted to pass the info to you guys and if you want to try it on the chart try it on the chart just those are my thoughts hope it helps you out with trading if you have any questions let me know

✅45% Off Fast Track Trading Coupon Code COVETRADER

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What’s going on guys so today I’m going to give you my honest opinion of Fast Track trading before I get into that I stream every day uh around 1:30 to 4:30 during the trading days all of it’s free here on YouTube we also have the free Discord link is in the chat um before I get into FastTrack trading if you like what you hear want to try it out uh you could save 45% use coupon code Cove Trader and click the

Link in the description um so all right so I’m just going to give you my brutal brutally honest opinion about FasTrack um first of all I think at the core uh it’s a great idea I think they started I know there’s some other firms before them that were offering the direct to uh funding method but these guys are the first ones to really take off I mean they are far bigger than any of the other ones um I think they grew

Super quick um maybe too fast for the staff and too fast for what they had in place um there’s been a lot of changes over the last couple of months from website to just billing and everything every aspect um seems to be getting the upgrade that you’re used to having at some of these more established firms um I know there’s some questions about the CEO I mean do I think he gets wild sometimes yes does he say some inappropriate stuff yes

I do think at the core he’s trying to do the right thing for everybody um I don’t know his background but I assume this is the largest business that he’s ever run and it could be a lot for somebody um I know everybody is quick to to you know jump on the the delayed payments and everything else um I’ve never been in the prop firm business but I bet you uh it’s not as easy as other people think um I like

To also look at the good of things so you know I feel like he’s not trying to rip you off as some say I don’t think it’s a scam I think that they’re genuinely offering you uh a product that everybody’s been asking for which is direct to funded I think firms that do not offer direct to funded might not like it because people are keep on asking them to do the direct to funded route um do I think it’s good for

Overall Traders I think if you are using these accounts and treating them like your own money they’re great I think if you’re just degenerate trading them it’s going to be bad because they are more costly than the other account accounts um they’re not this amount if you take 45% off by using my coupon code you’ll sa 45% so I don’t know what is this 2 280 maybe um 280 for a funded 50k account um you know like anything you got to

Put it on paper you know if you bought an account with somebody else it was 40 bucks and you pass one in three that’s $120 then you pay a $100 activ fee it’s 220 uh versus maybe 280 here but the thing is I don’t have to go through the headache of passing the evals and then what is time Worth to me so could I get the account do I get the funded accounts cheaper elsewhere probably but I don’t go through the

Time that it would take me so it’s kind of what’s the time worth now listen I don’t have all my eggs in one basket anyways um I trade in four different prop firms um they all have their up their pros and cons just like any business that you deal with um you know as of rules the only thing I don’t like about here is the consistency rule is low it’s only 20% um I kind of wish it was 30 or 40%

Because sometimes you know you’re on a good trade and I’m forced to sell because the consistency rule so you know there’s that I know they recently implemented some new rules about caps on amount of accounts you could have per household and payments I guess every payment now has to be bigger than the first one um I got to dig into that but you can DCA you can trade your news you could trade any style you want here um it’s pretty interesting

But yeah I mean obviously they work with all the major the major firms and I don’t know like I said at the end of the day I feel like the company is going to be around for a long time I don’t think they’re going anywhere I think they still have some Growing Pains that they’re working out and I feel like it’s only going to get better as time goes on and that’s truly how I feel about the company um I do

Have accounts with them I trade with them um I use Quant Tower with them I know they have their own platform nro but I use Quant Tower uh because I copy trade FasTrack with other firms at the same time time and um that’s pretty much it super simple um if you want I recommend uh I use the 50s mostly but it’s not too much more money for the GT which is the 150 and when you take 45% off of uh off

Of the 25 that one seems like a pretty good deal but uh yeah other than that if you have any questions comments um just comment below and let me know your thoughts

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Transcript

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What’s up so I’m going to do a video about volumetrica and do a little walk through uh I was asked by somebody on the live stream we stream live every day about 1:30 2 o00 we start it goes to about 430 um during the trading days I’m going to show you on my funded futures um if you want an account you want to save money use the best coupon code out there Cove Trader everything is in the description of this video

Um just to start real quick I’ll run through this um just how to set it up or at least how I set it up so this is my funed Futures uh this is a I’ll go to my funded account um so real quick if you Mouse over and you see the arrows this allows you to zoom in or out so you’ll zoom in and then this hand allows you to go up and down you also have indicators up here my setup

Is the 34 2009 105 the 105 is actually the 21 on the 5 minute but I bring it onto uh the one minute chart and then I have uh the vwap uh envelopes as you could see that’s what’s up there so I like about this I click trade and that’s what brings this out I like that I could uh so like when I’m in I’ll just buy I’ll just buy to show you actually I’ll buy in a uh in an eval

So when you buy I can just click SL for stop loss I can click it and it’ll show me exactly the dollar amount and then I just kind of move it around if I want and it shows me exactly the dollar amount and what’s nice is if I get if this hits it automatically cancels this one so it’s pretty nice in that uh it’s pretty easy to use you just see me moving it around yeah so whatever one gets hit first

The other one cancels so I actually really really like that about uh about this it’s easy on the chart you hit flat everything goes away um yeah obviously you guys can trade on Dom and then you could also uh you got time and sales I just right clicked you do automatic detection or you can just move it super easy um I think you can save your template right there um my setup for dgen trading yeah I forgot I even did that

That was so long ago um but yeah and then um they have a ton of indicators add indicators has a lot these are just uh you know the built-in normal ones and then you can obviously change the settings on each one of these as well I personally do not trade on here you know what’s pretty cool I just went to this let me uh indicators I know you can do this on other ones but uh where’s where’s the uh oh I

Had session and balance on I don’t know why that actually got taken off um yeah see what else I had on uh macd no no uh you can so you can overlay the es if you want so you can see when there’s a Divergence um price settings I don’t touch any of this stuff and then obviously your symbol changes up here this is the web platform I believe you could download it I’ve never used the downloaded version um then they have

A trade copier up here you can plug in your groups and do all your trade copying um I use the Dark theme and then I you basically save it and that’s pretty much it oh there’s chart trading here on on the right and that allows you to just click that’s a oneclick set it up and then um pretty easy to use super easy to use and that’s pretty much it that’s how you use volumetrica um I trade mostly off of trading

View so you know I just set up a little couple things here so at least if I have it up I have some indicators but other than that I am on U I’m mostly on trading view all right hope you uh like this quick tutorial on how to use volumetrica