Everyone’s goal is day trading but many start with their own cash and end up losing it without the knowledge of actually trading. This path will allow you to day trade without risking a lot of your capital while learning a strategy to make real money. On top of that ask a lot of question and that is why we go live each day. Come on the stream and ask away.
Transcript
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What’s going on Traders so if you are new to day trading and you don’t have either a lot of money or you’ve lost money already this is the path that I would go if I could start it all over again basically this is called a prop firm and they give you simulated Capital to invest in and once you hit a certain profit goal you then go to a live account and then once you’re live and you hit a certain profit goal
You could start taking out real money each account ranges anywhere between $ 30 and $100 and then from there you can pull out uh $2,000 every two week some of them are daily um it’s all different types here’s a couple of the companies one is takeprofit Trader one is uh Apex Trader funding and one is TOP Step um basically you could see they pay out so this basically allows you to not use a lot of capital but start day trading right
Away also um you are set with whatever you buy the account at is the max amount you can lose so if you pay $50 for an account you lose the entire account and say you lose $2,500 you only really lost $50 of your money so this is a great way for new Traders um to kind of get their feet wet in day trading without spending a ton of your own money um there’s nothing worse than hearing all these stories hey I’m
A new Trader I lost $5,000 you know what can I do well you should have started here because basically you’re losing their uh simulated money um but yet you still have the chance of making real money uh each one of these as you can see $40 million of payout since 2020 uh yeah I mean this is the way I would start I would get a prop firm and then once uh I got a prop firm by the way all the prop
Firms are in the description of this video with coupon codes to save yourself money but once I went the prop firm route um I would say then I would get you’re going to get an account like this which is called trade ofate and it’s super easy to use basically just click on the chart you could buy sell you know basically you go long or short you can use uh you could trade the Spy you could trade the NASDAQ um you could
Trade the Russell you could trade gold Bitcoin oil heating oil crude uh all the Futures it’s basically a Futures Trading platform and you get this for free and you could see you start the accounts that I have are mostly well this one started at 150 um this started at 150 this is a 50k account and you just slowly build them up and then you basically withdraw money it’s super simple and there’s rules to follow and then the other thing I would
Probably get if I was starting from um scratch to day trade would be uh trading view so here’s trading view where I make all my decisions this is about $12 a month $15 a month and I have all my indicators listed right here I also have another video where I go into all these but I would keep it very simple if I was new if I was day trading um I would have vwap up which is I will show you as
I add them on to make it super simple for you guys vop is this line and you can see a lot of the time the price action does uh react around vop as support or resistance I have the orb 15 I throw in pivot Points you can see the same thing happens around them I play uh first touch so as you could see first touch you play the bounce when it comes back through I am pretty much done uh yeah so
I’d have that one the EMAs I have changed this to the nine the 34 the the 200 the 377 and then I have this for visual support and resistance and that’s a quick setup I have zero lag macd down here I would use that and that would be my simple setup I have videos on everything that I’m talking about within trading view um on the channel but that would be how I would start day trading I would find a prop firm
I’d probably use uh Apex or takeprofit Trader um you know I’d probably use Apex right away and then maybe I would get a top step account when I got my take-profit Trader account I only say that cuz Apex is the least expensive one so basically you can start trading for I think it’s $37 currently and get your feet wet you know that’s that’s what this is about it’s about getting your feet wet um you know they have these EV valves right
Here you basically I would get the $50,000 one um it says 167 used my coupon code Cove Trader and it is $37 and basically you get $50,000 your goal is 3,000 and you just can’t hit the trailing threshold of uh 2500 and then once you uh pass the profit goal you uh pay a one time fee you have a funded account essentially and then once you hit the profit goal again of $2600 you can withdraw um 2,000 and uh you can
Keep doing this as many times as you want and you can have up to 20 funded accounts so I would say I would recommend this and then um as you get going there’s a couple rules like daily loss limits with a top step that you have to be careful about so that’s why I said maybe not if you a brand brand new um and then takeprofit Trader is amazing for payouts because you can get to the point that you’re taking daily
Payouts and um you know but this is the most expensive of the accounts it’s $100 but when you get funded there’s no activation fee so basically you’re paying your activation fee upfront with a more expensive account but uh yeah you can definitely withdraw money daily which makes this um the best firm that is for uh for payouts so real quick if I was brand new to day trading this is pretty much how I would start off I would go prop firm
Uh I would do that setup with trading View and then uh I would just start start testing my strategy out I would also join live on our YouTube stream ask a bunch of questions and uh take it from there all right hope uh hope you guys start a profitable Journey if you have any questions just comment on the video below
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