👉 Prop Firm Deals https://linktr.ee/covetrader
Transcript
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What’s going on guys? So, the number one thing I get asked almost every week is how do you beat the trailing drawdown with Take Profit Trader? Now, I think Take Profit Trader is the number one firm out there. Um if you’re looking to get a Take Profit Trader account, be sure to use code Cove Trader. It’s 40% off. No activation fee. But, um with that being said, they are firm, they have daily payouts. There’s no uh really no cap on the
Payouts. There’s no you can take out 10 bucks and move it to your wallet if you want. So, it’s not like you have to hit a certain amount once you hit the buffer. But, everybody’s big thing is once you get funded, so the evals are the evals are end of day. And once you go funded, it’s trailing drawdown until you hit the buffer. Once you hit the buffer, it becomes a static account. But, everyone keeps asking how you beat the trailing
Drawdown. So, I’m going to show you right now. Um Ah, you know what I do? I take profit mostly. Um I don’t really even trail that much because what happens is all right, for argument’s sake, like this trade. All right, this is a great trade. But, you can’t take this trade with the trail. And I’m going to or or why it’s uh you have trailing drawdown. And here’s why. If you buy right here, gold, and it goes all the way up,
And then comes back, and say you moved your stop up, you know, you’re moving your stop, and now you’re out. Say you played with one mini, right? And this thing got to 36, and now it’s back, you know, to 29, you get out. That’s $700. The trade was part but you lost $700 of of drawdown. So, the one thing I do is I basically just if I get in here, I just set my profit, especially early on when you when you
First go funded, you know, you have say 50,000, you know, in the account. My goal is for the first thousand dollars to keep my 2,000 drawdown, which means I’m always taking profits. I’m always selling on the way up. I’m not going to get the most out of the move. I know that. But you know what it’s going to do? It’s going to get to me where I have $51,000 in the account. I only need to get another thousand dollars and then
The account becomes static and my challenge drawdown is at $2,000. So, it puts me in a really good spot to get over the buffer. And that’s how I would go about it. I always take profit. I never let the trades move around. So, like say I got in here, I would not hold this while it goes up and it goes down. It’s just not worth it. Just when you go up a bit, take profits, sell, move on to the next trade.
Um yeah, cuz what happens is you could definitely get hosed by like looking for the big move, quote unquote big move, and then what happens is it comes back on you and now you’re missing out on, you know, on the trail. So, that’s my advice. If you have any questions, comments, come on my live stream every single day, ask me, and I’ll help you out.
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