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Transcript
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What’s going on guys so this might be one of the most best tips that you can learn if you’re using trade ofate and could really save you a lot of money uh before I get into that be sure to be on a live stream every day we trade 1:30 to 4 o’ here Live on YouTube and also I have the best discount codes for all the prop firms in the description of this video uh coupon code Cove Trader will save you
Money everywhere um all right so I’m going to tell you a little story see this account this is a funded account and I’m over the limit so in Apex I need to earn $2,600 and I can request a $2,000 payout so I got over and then through trading you know I switch to different accounts you’re over Trad and doing whatever by mistake one night on the stream sure enough I accidentally click on this account and what do I do I get
Into a position and I end up losing a couple hundred dollars now I’m out of the payout Zone it’s like why did I do that I didn’t mean to do that and then I start trading it some more and I go down $1,000 now I’m really annoyed luckily I was able to make it all back I’m back in the payout area for the account but now you’re asking yourself what’s going to save you the money well once you’re over and you
Have your 10 days of trading for that window click this button says application settings you click that you find your account here you go to risk settings and you set your daily loss limit and basically this will ensure that if you accidentally get into the position it will sell you right out because say now I am sitting here trading I know I I edited a different uh account but yeah I’m just saying if I edited this account uh if I accidentally
Hit the buy button it will sell me out once my daily loss liit hits so say that’s a dollar or $10 whatever you want to set it for um so this way you get right out so in case you accidentally do buy you don’t all of a sudden go down and you know your hundred of hundreds and hundreds of dollars outside of the the payout area or argument sake say I got this account to 52,800 I might set the stop loss
To $50 so I can keep trading the account but if I lose 50 bucks it shuts me off for the day so if I don’t have enough trading days I can still trade but I know hey if I need to trade two more days and I’m up over 200 bucks maybe I set myself with like a $65 stoploss so I could trade for real but once I’m down 65 bucks the account goes off and it locks itself for the day so
That will lock you out from blowing up an account that you already have over I don’t use it any other times except once I’m over on the account that’s the only time I use it I’ll set the daily loss and then once I get my payout I’ll turn the daily loss off and then I’ll keep trading the account as is um I’ve had it where I haven’t had the right amount of days over and then what I would do is I
Would just set the daily loss so if I’m over on the account 300 bucks like I said before I’ll set the daily loss to 100 so I could trade for real but I know I’m not going to lose enough to lose my payout so it’s really good I would suggest using it I guess if you’re new you can just set a daily loss to like $1,000 just so you don’t blow the account in one day you can kind of you know
Make it go a little bit further it stops you from going on tilt the only issue is it doesn’t work on every trade of eight so this is Apex it works on apex for whatever reason this is takeprofit Trader it does does not work in um in here CU When you go to save it for argument sake you do not get the save button and then when you come back in it’s off and you have this so it you know check
Your tra ofes see if you have access to it it’s literally this button at the top right and uh yeah it will save you because I made the mistake learn from my mistake and uh make sure your account doesn’t get smoked once you get get over it all right hope to see you guys all on the stream this week um all right be good it’s payout time
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