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Transcript
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What’s going on guys so I’m about to drop some serious knowledge on you that nobody is talking about in the prop firm world and I’m just going to tell you how it is and if you like the video be sure to smash the like button um also if you like what I say and you want to come hang out I stream every day 1:30 till about 4:30 every uh day that we trade um so yeah I’m just going to jump right
Into it um there’s so many things about the prop firm world that is just against you and things that they don’t even talk about and when you start really visualizing it your goals of the prop firm world will change so I’m going to start off with the first one the biggest lie that they’re telling you is wait right before I get into it there is a place for prop firms I think they’re good I think there’s a place for them but
You need to know the truth and the goal is to get your payouts and move your payouts to real trading accounts and then you continue with prop firms and you take your money out and you move it move it elsewhere um and just so you’re aware what’s going on you should know about these different things the first thing is when you buy a 50k account you’re not getting 50K K of funding you’re getting whatever your draw down is because if you
Lose $2500 you really only had a $2,500 account you didn’t have a $50,000 account but they used $50,000 to uh Market to you they use $150,000 to Market to you dude you’re not getting $150,000 of funding you literally you know whatever your draw down is is is what you’re really getting which is what what is it like 5,500 bucks $4,500 on on those accounts $2500 on the 50k accounts and on a 25k there you’re getting a $1,500 so what I’m trying
To get at is also uh if you’re spending thousands and thousands of dollars to get a funded 50k uh prop firm account I mean if you had $2,500 you can just throw it in a live account and trade um you don’t you don’t actually need the the account um that’s the truth now obviously you know if you took that 2500 and bought 10 Apex accounts got them funded and then there’s the multiplier and things like that like there’s a lot of
Things and that’s why there’s a lot of reasons why you use the prop firm because that’s the other argument well you know I can spend $1,000 get you know 30 accounts and you know yes that that is why I do agree that there is a place for it I just want you to realize what you’re really buying also the rules anytime a firm says that they have these rules in place or they’re changing rules to make you a better Trader that
Is completely false the reason they’re changing the rules is just they’re not making money a certain way and they’re making it harder for you to earn money that’s the truth um if they’re raising price targets or making it harder for you to get um accounts or whatever it may be uh they’re making it harder for you so they can earn more money every single prop firm has a backend which has all the data on on how many people how many you
Know people on average how many accounts it takes to pass evals how many accounts total does it take to pass an eval and then get funded how many funded accounts get lost they have stats on every single aspect of trading and then I wouldn’t be surprised on the back end if they group The People by profitable Traders non-profitable Traders and then skew the rules for for you know in general to see how much money they would make if they did this
How much money they’d make if they did this so you’re playing uh it’s basically like a casino they have the edge but like I said the thing is you you can use a small amount of money lever it up and uh and do your thing and you know when I go through all this um there’s one prop firm that I truly believe is the easiest to to get well there’s one to easiest to get payouts and one to get large payouts
I think the easiest one to get payouts is my funded Futures and the easiest one to get large pay payouts is take profit Trader you get paid on day one there and uh yeah the and they have no act both firms have no activation fees um and the rule seem to be as good as possible for you I didn’t realize this but if you look into like a firm like TOP Step you can only withdraw half your money half your gains
Read the rules half your gains that is definitely skewing the rules to uh not in your favor and there’s other firms they do a lot of different things you got to really look at the rules and check it out um but then back it up one more thing a lot of people want to uh prop firm hot um this is you know they run deals and they run certain things that are like oh well we’ll do this and that you also
Have to remember at the core of all of this if you’re not profitable you are not going to be profitable at another prop firm you should have charting software like the one I have right here at at least so I use trading view I I’m running scripts I’m running I’m marking up the charts I’m looking at things I run different tabs with different indicators I’m you know I’m not just sitting on on trade of8 being like Oh uh I’m just using
These crap trade of eight tools you know you’re only going to be as good as your tools um I highly suggest getting trading view um if you don’t have trading view toss if you’re using a real broker you can use toss um you know ninja Traders pretty good Quant Tower is good but if you’re just sitting there on trade of eight you’re not you’re not helping yourself out there um you know just everyone’s focusing on the prop firm and don’t get
Me wrong it does matter to a degree but for the most part if you’re profitable at Apex you’re going to be profitable somewhere else or if you’re losing money at Apex you’re probably going to lose money at take profit Trader and you’re probably going to lose money at my funded Futures you know you should look at your trading more than the prop firm now if you’re getting payouts and you like the rules somewhere else well then that’s something completely different then
I can say hey you know what these rules are better for you or you know you should go here because of this you want daily payouts go to take profit Trader you know because you’re getting payouts already but you know I’m sitting in the Stream and people are telling me they’re passing one out of every 20 accounts dude it doesn’t matter what prop firm you’re at if you’re passing one in 20 accounts you got to work on your strategy not the
Prop firm and then what I would do if I was passing one in 20 accounts I would trade like a paper account um you might be able to get one in trading View and if you can’t get a payer account go to like a pack or something pay for like a 250k account and trade like one micro at a time and all you’re doing is trying to become profitable every day you will not blow the account but you will just see
If you’re profitable and that’s how I would trade I would work on my systems I’d work on my indicators work on my charting and once I’m profitable then I say Hey listen what prop firm fits my style and that that’s what I would do um you know that’s pretty much where I’m at and most people are not telling you this type of stuff they want you to just buy evals from them using their code and don’t get me wrong great use
My code I give back I will do free accounts and the whole thing my goal is to make you a profitable Trader I make money trading mostly real money outside of prop firms I I don’t I don’t need you know I don’t need this I’m trying to make everybody in that room a better Trader I’m trying to make people profitable I want to see you guys win I want to see you guys you know maybe you want to quit your job
And do this full-time and move off of prop firms and start trading your own money you know that’s the goals that I’m looking for you to do I want you to excel in this and then you know kind of just grow it to do your own own thing um I think that’s everyone’s goal but I just want to drive home some topics that aren’t really talked about that much and should be talked about so that’s where I’m at I think more
Traders need to focus on their trading and not so much prop firms but if I would say the prop firms to use I would probably go takeprofit Trader my funded Futures because the rules are probably the best there and and then from you know and that’s it but I’d focus on my trading more than anything so I hope some of this opened up your eyes that the prop firms are not here to help you out they’re just a vehicle for you
To leverage your money get paid and then move it to Live accounts on brokerages and trade that way and that’s where your goal should be and that’s it so if you have any questions comment on the video and hopefully uh you know I can help you out and hopefully I see you on the Stream
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