✅ Coupon Code COVETRADER On All Prop Firms For The Biggest Discounts
Transcript
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What’s going on guys so major prop firm news out um and you better act soon and you will understand why as I go through this video before I get into this uh we stream live every day 10:30 to noon and again 2:00 to about 4:30 um and if you looking to get any prop firms make sure to use coupon code Cove Trader it will automatically give you you the biggest discount that’s out there so check this out I guess TOP Step
Announced this week that if you have a live account you can only have one Live account and if you’re trading a live account you can’t have any Sim funded accounts uh that’s actually major news because the reason you use funded accounts or the reason you use prop firm accounts is to have multiple funded accounts you basically are leveraging the prop firm to create larger payouts and if they keep you to only one account that can get paid and you’re only getting
Say a 9010 split well why don’t I just go get my own account because by the time I made a certain amount of money that they pushed me to a live account I should have $20,000 to put in a regular uh a regular account like amp futures or whatever and then just trade and keep 100% of the account um I think what’s going to happen is if these prop firms limit you to One account they’re going to have to start giving
You perks so people don’t do exactly what I just said um and why I say act now is now is the time to get as many accounts as possible at other firms and leverage it because what’s coming to TOP Step wouldn’t surprise me if it comes to all the other firms also uh basically just limiting people to one Live account and uh that just limits that that that restricts why you go there I mean you’re here for to pay a small
Amount of money to get an eval to pass to get a funded account and withdraw on multiple funded Accounts at once copy trade or utilize your own strategy to uh get these accounts up to pay out and if they’re going to keep it a one account it just doesn’t make sense to stay there once you’ve earned enough money to go out on your own but the prop firms were originally designed for you to trade them to mimic your trades and to
Uh for them to make money that way and it kind of veered off when they started all popping up and becoming what they are now but it’s just so interesting that it’s kind of going back to what it was and I don’t know you know the the prop firms will spin it like this is a good thing they’re trying to make you a good Trader it’s not I I truly believe somebody is uh breathing down their neck as in like a
Government agency or there’s just regulation coming to these and I think the door where you’re you’re able to trade you know 20 account accounts and copy trade on you know four different prop firms at once I think that is slowly going to come to an end and uh you know each prop firm is going to allow you after you make x amount of dollars on the Sim funded that you’re going to have to get one Live account and then the not
The paydays are over but timesing that payday by so many accounts is over you know you can’t spread it out among you know five accounts 20 accounts it’s just in the one account and that will restrict your uh ability to earn that much unless they create bigger draw downs and bigger accounts and I don’t really know where it’s going to go from there I don’t know what the prop firms are going to give you to want you to stay once you’re
Only trading on one Live account but I would assume that there’s going to have to be some type of perks because other than that people are just going to leave once they’ve earned x amount of dollars and they have only one Live account it’s just not worth it um you know the leverage part and the reason you’re there is pretty much gone at that point but I don’t know time will tell um I don’t know comment on your thoughts I’m curious
What some of you guys think but those are my thoughts TOP Step was the first person to do it and even though they spun it as a good thing it is definitely uh not a good thing in my opinion
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