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What’s going on, guys? So, I got the weekly Q&A. I also have my general bias for the week, and I’m going to show you an example why I love the higher time frames. So, for a couple Q&As’s, we have uh how to stay out of chop. So, someone asked, by the way, before I get into this, we stream live every single day. Uh be sure to uh smash the like button below. And if you want to support the stream, be sure
To use coupon code trader. Also below is a link to our free Discord. Um, we have free exclusive prop firm discounts and everything else in the description of the video. All right, so one of those things that keeps somebody asked me, a lot of people ask how I stay out of chop. I would say the biggest thing, so here’s yesterday. We were talking about it when we were here. I think the biggest thing to stay out of chop is just kind
Of like what I do is I’ll just kind of draw something like that. You know, this is what we’re the pattern that we’re in and then not really trade it in there because all you’re doing is forming this pattern, right? You’re not doing anything else. So, there’s no reason to buy or sell in the middle of a pattern. Wait until it breaks out or breaks down. Um, you know, if it’s not a pattern like this, if it’s a channel where it’s
Just, you know, maybe it’s something, you know, along the lines of I’m just, you know, maybe it’s something like this. you know, you’re just kind of connecting and just saying, “Hey, this is the channel and I’m not going to take it any trades after.” Or what you do is I’m going to play the bottom of the channel. I’m going to buy and I’m going to sell the top. And you’re just going to play the channel over and over and over again.
Some people like doing that where they’re just playing playing the bottom, buying the bottom, selling the top, and just they keep doing it until it breaks. you know eventually you will take a loss but you play the pattern or you you play the uh the range. Um one of the other things is how I deal with draw down. So if you have an account that has intraday draw down my biggest thing is I move my stops up. So, say I like
The other day, uh, I bought this, right? I will not just keep my stop here and just let it run and then say, “Hey, if we don’t hit, you know, your final TP is all the way up here.” Like, if we don’t hit this final TP, I’m not going to uh sell out. And the problem is, you can go all the way up and then it comes all the way back down and you can blow the account. Um, I move my
Stops up. So, when we’re breaking out like this, I like to move my stops after the candle closes at the bottom. So, I would just slowly move this up, move this up, move this up, and then I would have gotten taken out. So, that’s typically how I like doing it. I just kind of move my stops up on the bottom of the one minute candle. And, um, you know, obviously you take a little bit of draw down, but it keeps your
Draw down tight on winning trades. Uh, what I look for in prop firm, I look for basically I use the top prop firms. Um, I look for deals. I buy deals like this week Bullnox 91% off. I’m in on that. Apex $85 uh lifetime. I’m in on that. You know, I look for deals. If you’re not running a deal, I’m pretty much not buying the account. Um, my funded futures $200 uh core resets. They also have the buy one uh buy
One core get one 25% off. I’m in on that. Um the best way to get profitable, somebody asked a couple, you know, the best way to get profitable is on the weekend, are you back testing? Are you looking at the charts? Are you in this on the weekend? You got to be treating this like a business. If you’re not treating this like a business, uh, and you’re just sitting down on, you know, Monday at 9:25 before the market opens, and then
You get up at 4:00 and you say, “I’m done for the day.” That’s probably not going to get you there. If you’re not testing out indicators, like these are all indicators I’ve tested out, back tested, forward tested. There’s even more that I’ve taken off. Um, you know, strategies and things like that. If you’re not doing all this, then that’s you’re not going to get it’s going to take a while to get profitable. The other thing is treating evals differently than funded
Accounts. Do I do that? All right. So, this is one of those things I personally do that because my goal is to get a funded account as fast as I can. I am not worried about evals. Even when I’m like quote unquote yoloing evals, I’m still passing one out of every three. um sometimes even one out of every two. So for me it’s not a big deal because the c the time cost I could pass the account in 1 day, 2
Days, 3 days versus trading it for real and then passing it in 10 days or 12 days when I’m still passing at a higher rate. But I think if you’re not profitable, you should be treating them as a live account so you don’t pick up bad habits when you go to the funded account. So, for you, I would probably say treat the eval like a real account. Plus, it’s going to save you money and it will um give you more practice
And time in the seat when you uh get that funded to to push it over for a payout. Any other questions? Come on live stream.
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