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Transcript
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What’s going on guys so if you keep failing prop firm accounts and not have not gotten a payout yet then you really need to watch this video to the end because I’m going to talk about things that most people don’t want to tell you and uh we’re going to start in two seconds first of all if you have questions comments comment on the video or come on my live stream we live stream every day 10:30 to noon 2:00 p.m. to 4:30
And I answer everybody’s question on the live stream uh if you like the video smash the like and if you’re going to grab a next prop firm account be sure to save money use coupon code Cove Trader all right so let’s start right now basically if you’re watching this video you have not gotten any payouts and you’re blowing accounts here are a couple things that you probably doing and we’re going to fix them all and then maybe kind of change how
Your thought process is so first off I would get 150k account I say use Apex because it’s the cheapest one basically you’re going to get a 150k account because most likely you either have a smaller account or maybe you do have a 150k account but what you’re going to do is you’re only going to trade one micro at a time if you have the 150k account now I’m sure you’re trading minis or multiple minis but we’re going to trade one micro
Basically this is so you have skin in the game but you’re not going to be blowing accounts you know there’s nothing worse than blown account account account and at least this way you can kind of see yourself going to a payout but the same time you’re playing one micro it’s going to be much harder to blow the account so you’re going to get a larger account and you’re going to play super small that gives you a lot of leeway also if
You don’t have it you should probably get trading view this is the number one tool that has all different scripts on it I alone have eight different tabs I’m constantly looking at a bunch of different things you got all the scripts working I got the orbs the pivots uh breaker blocks everything I got multiple time frames I’m looking at the five the 15 the hourly um you know you want previous day high month High daily open previous week high you want
All these levels and you want each tab to have it on there um most likely you don’t have a strategy I suggest watching one of my videos I have probably 15 to 20 back testing videos on different strategies each strategy has a win rate of over 70% I lay out the rules and you should start start playing it with one micro and then you can deviate to create your own system off of that all I’m doing is giving you a foundation
That I know is profitable and then you can tweak it and change it to your liking to kind of create your own spin-off of it to make it even more profitable and that’s where I would start start with reduced contracts larger account so now you have a big leeway you’re not just blowing account and account account so you’re probably going to keep this account for a while and then I would start building a strategy don’t worry about what prop firm you’re
At what prop firm you’re at is not going to help you you want to see what strategy you’re at and I would definitely start watching some of those other videos like I talked about and then I would definitely have trading View and you could see some of the things that I work off of I work off of pivots orbs um you know I have a back testing video about the different orbs you know these are the green lines the top of
The 15 and the hourly same with the bottom uh I have so many back tests that you can watch and I would start off with strategy rather than prop firm if you’re jumping prop firm to prop firm that’s probably another issue so just stick to one and then work let’s work on the strategy and as you could see right here I have the orb strategy up basically I’ve back tested one of the back tests was you know you sweep above and
You sweep back down you can easily grab 10 points and you can see it right there just work um it it’s happened plenty of times I have all these videos I would start there and when you have questions come in the Discord come in the live stream let me help you out but I would definitely focus on one prop firm 1 150k account using one micro so now your look at different prop firms is done and now you just focus on
Strategy going forward um I’m not going to go into all the different strategies I have because I have a ton of videos on them but I would focus on the strategies setting up multiple tabs within uh trading view each one kind of has their own thing plus one tab that has the high level where you can kind of see what’s going on on the higher higher uh time frames and uh that’s where I would start and then kind of work off
That you can go in indicators they have so many Community indicators I mean there’s countless amount of community indicators and just start playing around with which ones you like and that’s where I would start obviously here you could see how many times I think that’s how many times somebody uh hit the Boost button on it so so obviously these are the more popular ones they have the trending ones and I guess editors uh pick but uh yeah I would start off
With some top ones maybe go to the trending and just sit and play around and see which which setup you like the best and that’s kind of how I started and then I’ve built strategies around uh all different indicators that I like that tailor my trading strategy and that’s how I would start and that should put you on the path to getting payouts
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