Prop Firms Hitting 5% Down And What My Plan Is Going Forward

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What’s going on guys so this was a wild wild day um some prop firms stopped trading because we were down 5% before I get into all that if you’re new we stream live every day 10:30 to noon and then again 2:00 p.m. to 4:30 uh smash the like button subscribe if you want to support the stream use coupon code Cove Trader it works at all the prop firms and gives you the best discount um yeah today was wild first of all

Uh if you watched I was on top Step TV today that was pretty cool uh the guys over there were awesome had some fun there trading wise um I worked on my takeprofit Trader accounts I just couldn’t get this one going I I got it up a little bit but I just couldn’t get it to uh the goal was to get it over the halfway point so I could then pass in one day and don’t have to worry about the consistency

So I got these two up I got this one close and this one I just couldn’t get going today um I locked in on my so tomorrow I’m going to try getting it up like uh a 100 bucks or so and then basically on Monday I can go up another, 1500 and pass it and then uh this other combine I’m up 222 let’s see if they still have it oh my fun the Futures took it away so I was up in

One of these I was up like 350 I was up like 700 bucks and I was up 500 and another one so they already uh redid it for the day and then Apex I didn’t really trade that much in Apex I uh I passed One account got these two up a little bit I got this up and then I blew some eval and I told myself I wasn’t I was done trading funded accounts and then I got stuck in a trade

Here I was down like a, bucks and then I tried making it back um and then after that I said I’m not done I’m not trading any of these like I’m close to a payout on this account um you know I don’t want to mess it up close to a payout in this one oh no not this one this is close to a payout I’m just going to keep building these up also uh I got some other top step and tradify

Accounts their evals but they were also up today which is nice so you know net net it was definitely more green than red but uh uh I didn’t do like a ton of trading because it just the type of day it was to be honest with you um this is on the higher time frames we just we came out the gate we ripped and then like we just dumped and then like literally we bounced thinking we were going to run back

Up and then just literally just dumped it the rest of the day um I’m expecting us to be down another like 2% tomorrow and for my stock at options account once we hit like 18,500 to 18,400 I’m probably looking to start nibbling on some stocks that that I like um I’m not any Rush up here but if we go down another two 300 points um I think it’s starting to get attractive to at least start nibbling am I going all in

No am I going to nibble yes I’m going to DCA on the way down on companies I don’t mind owning for a long time I just think overall if you look at the bigger picture you know uh getting adding to my Longs down here kind of makes sense um you know at this point this is kind of the same spot we were in the beginning of 2024 um you know we wiped out a lot of the gains you know our highs

Were just 22,400 we’re down I don’t know almost 20% from the top I guess what is that 2500 so every 25 so that’s 10% is probably around 20,000 and then 175 would bring us down to So 20% is down here is 20% so we’re probably reaching 15% down from the top um I don’t know if I’m mathing correctly I might be doing it wrong I don’t know my my brain is like crazy shot right now from just trading and then being

On top step today um and I’m thinking about dinner I got to go get but uh I like the level I like the level down here we bounced here we bounced here the high was made up here so there’s a lot of support Lines within this area that I don’t mind nibbling down here and we’ll see where it takes me listen if we go lower I got more cash on the side to buy so I’m perfectly fine with that other than

That I’m not trading Asia anymore told you guys so I’m done until tomorrow morning I’m going to be on the stream if you got questions about anything comment on the video come on the live stream or click in the description of the video for uh the link to the Discord it’s free so hope you guys enjoy and I’ll see you tomorrow at uh 10:30

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Today’s GEX Levels

Aug 12, 2026 · gamma regime: POSITIVE

NQ

Flip 29,592 · Call Wall 29,881
Put Wall 28,851 · HVL 29,881

ES

Flip 7,728 · Call Wall 7,850
Put Wall 7,648 · HVL 7,799

Dealer gamma from SPY/QQQ options OI, rescaled to futures. Updated each weekday pre-market. Context, not signals.

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