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Transcript
Auto-generated from the video audio — expect imperfect punctuation.
What’s going on, guys? So, I’m going to show you about this day trading simulator. I’m going to show you if you’re new to day trading how to get into it. Um, also, if you have any questions, comments, we stream live on YouTube every day 10:30 to noon. Again, 2:00 PM to 4:30. If you’re looking to get a prop firm, use coupon code Cove Trader. it will automatically give you the best discounts on them all. All right, so let’s get right into
This. I’m using Ninja Trader and basically uh if you’re brand new, you can if you’re into futures trading, which primarily is what we do here, um you get a prop firm account. With the prop firm account, for example, uh take profit trader. Once you sync in, you’ll connect your connections. You’ll set it up. All of a sudden, all your accounts will show in here. They give you a SIM account, which is right here. And basically, what’s good about this is you
Can test certain things in a live environment without using your platform accounts. So, basically, I click up here in Ninja Trader, the chart trader, go to account, SIM 101, and then I have my strategies right here, which are all set. And now, basically, say I’m having a bad day and I want to switch off of funded accounts. I can just trade a SIM account, which has no bearing on the markets, no nothing. I don’t make any money, don’t lose any money,
But I can still trade as if I’m in the markets. Also, if you’re brand new, it allows you before you start using those accounts to kind of play with your settings and see what you like. You know, you could set up different indicators and test them really in the market, not just back test, but you could play around with all the indicators that Ninja Trader has. As you can see, there’s a lot of them. On top of a lot of them,
There’s a lot of custom ones you could find on the internet. There’s forums, there’s discords, there’s a lot of uh a lot of good information here. Uh here’s the trade copier. This is a free trade copier. I’ve since moved to replicanto, but they have one a free one here. These are um these are different things that I’ve loaded up. As you can see, these don’t normally come with Ninja Trader, but basically what this allows you to do is trade futures, but
In a sim environment. Uh, if you blow the SIM account, nothing happens. You know, it’s one of those things that you could test everything out real without losing any money. And that’s kind of what people have asked me on the stream, you know, where can I get a SIM account? Where can I test for free? This is the best way to do it is when you get a prop firm account, you set it up into Ninja, use the SIM account, play
With all the different settings you you want. I mean, there’s a lot of things that Ninja Trader uh offers. If you go here, you know, you could set up the news, you could set up, you know, time and sales, the DOM, um, you know, this is my copy trader down here. And then on top of all this stuff, you can actually set up strategies which is right here. And there’s multiple strategies. These do not the sample ones come with uh with
Ninja Trader. I actually never put any of them on the chart, but I’ve used the these which are basically um from a Discord. If you have questions about this, you come on the stream and you could ask me and I could uh point you in the right direction. But, you know, you could set up your trading windows, when you want it to run, when you don’t want it to run, amount of contracts you want to buy, all the different settings that
You want. Um, you know, everything is I don’t know why it’s faded. Probably because, uh, maybe that’s because the market’s closed, but you can see some of my settings in here. But you know, you got stop losses, profit and losses, trailing stops, buy filters, what you want to, you know, when you want it to buy, when you want it to sell, what what things you want to work. And this is just one strategy. I mean, there’s so many other strategies that
Ninja Trader has that are out there. Here’s another one. You know, each one has their own exits, their own strategies, basically. And these are all things that you can play in within a SIB environment. And then once you know it works, you can then go move over to a real environment and either trade your own futures account or trade a prop account and build that up and take payouts. So this is the sim environment that I would recommend um if you’re
Looking to day trade. And um if you have any questions about this, just comment on the video and I’ll be sure to get back to you or come on the live stream and I could just share my screen uh with you and give you the answer right away.
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