Great video was just teaching this to my daughter. 3 50k MFF accounts, 6k every 14 days easy paper. Apex you can triple that. Small moves across 10 accounts
Thanks for sharing your knowledge on the many different aspects of trading. I find them very educational😊Keep up the great work. Much appreciated . Have a great weekend 😎
@@TheBlueskyson EOD is end of day drawdown. Meaning if you have a 100k account. Daily Loss is at 2% and max loss is at 3%. Let's say you finish day 1 at -1.5k after at one point being at a high of $1,000. The day 2 limits will be set based on the closing balance at the end of 1 (i.e. -1/5k) and disregard the higher equity reached at some point. This is opposed to trailing draw down firms. Where if you say you make $1,000 or 1%. and do not close the profits and then fall down to 2k, to -1% of the initial balance you will breach the daily loss in this example as the drawdown limits rise with open equity as opposed to actual balance. Hope that makes sense.
The 25k account with Apex is the most logical, because of the first 3 months of maximum withdrawals per account. 25k allows you to withdraw $1500 per 2 weeks, but 100k is only $2500.
Most challengers stop at your starting balance so get your drawdown amount more than your start and you’re good the 102k example wouldn’t be accurate for most props if the SL was 3k to start it would stop at 100k at 105k you have a 5k buffer look for these prop firms
topstep is eod trailing drawdown and sticks after a certain point 50k acct once max drawdown reaches 50k it doesnt go higher, 100k acct once max drawdown reaches 100k it doesnt go higher....if that helps
@@TheBlueskysonyea, so far I’ve taken 3 payouts no issues… the payout rule is what alotta ppl don’t like…..need 5 winning days of at lease $200, the 5 winning days don’t have to be consecutively* and after 30 winning days you can withdraw whenever
There's ways to beat it, don't suck. Haha. It's tougher but I've watched guys beat it. I've also been funded from evals with trailing drawdown, but breached the PA. Also I've noticed firms with trailing drawdown have much cheaper evals than firms with evals w.o trailing drawdown. In the end this rule teaches you to be a better trader, only take A+ setups.
I think taking profits is the most important part of trailing drawdown. And not using high Risk to Reward unless you can move your stop with the move. Because even if like you mentioned if you use a .3% risk and have a 3:1 RR if you just miss your target then loose the trade you have effectively lost 4 trades. So it is much better to go 1:1 or or even smaller risk .2 until you get to the funded stage. Or go higher risk with 1:1 setups that are a plus.
Worst thing is the trialling drawdown!! Run away! When you see these two conditions on any prop firms, it means they want to scam you: 1- Trailing drawdown. 2- When the profit target is more than the max loss.
And traders have to watch or know the contract size of what they trading with futures it’s not like forex we cant cut lot size all the way down or in half
Wow if ou lost accounts because of the firms closing 4 different times, how can you even feel comfortable still doing this, do you feel confident they wont close on you still?
it’s regulated that makes a big difference. It’s more of the wild west in unregulated so that’s why i’m personally more comfortable. They are held to standards legally that they are supposed to follow. Can things happen still? Yea but it’s not as likely as unregulated brokers in forex I knew forex was over with once metatrader went down and our only option was to use their crappy trading platforms. Plus futures has amazing slippage/spreads perfect for scalpers
This situation falls into a somewhat ambiguous category. Considering the statistics, experiencing a gradual decline in performance becomes somewhat more tolerable, as it allows room for occasional setbacks. It is crucial to consider all the other relevant factors that come into play. In this case, it might be more advantageous for you to seek out an unregulated broker with a leverage ratio of 1 to 500, invest a modest amount of 100 dollars, and take your chances. I find it difficult to comprehend why individuals place such great importance on training with a substantial volume of capital knowing its so many rules around it
I thought that after you cross your initial starting balance,the drawdown stays there. Meaning if I go up to 105k on a 3k drawdown, my max drawdown stays at 100k. If I’m at 102k then max drawdown would be 99k. I might be wrong but that’s what I remember reading for top step.
It just seems like this is making simple as complex as possible... Do all these obstacles... or just deposit money in your personal account, and take the same trades...
@@abdullahrasheed yeah exactly, we need to focus on risk management plans to grow our own personal accounts. Easier than playing their games. Same trades too.
Bro abdullah. Saha eidk.. bro gimme some advise.. i passed 3 challenges.. didnt reach payout. The last test yesterday i was up 12% the payout in two days. And somehow a trade breached the daily limit.. it was so quick the account balance was 10% when it automatically closed.. is it my rizk from god not yet the time for.. or am just not still lacking
or you can pay $34 for a 25k or about $40 for a 50k with Apex while they have 80% off and sometimes 90% off I haven’t seen deal below 70% off yet. They always have massive sales on their evals i don’t think anyone pays full price. Trick is they charge you that fee per month as long as your in eval. Once you pass you can pay $106 to get your funded acct and that is monthly and I believe the original price like the $34 or $40 a month you pay while in eval is waived and then you only pay $106 a month to maintain that funded account aka PA (Performance Account). You also have option to pay $160 instead of the $106 but it’s for lifetime access on that funded account so jnstead of paying the $106 a month once you get funded you pay $160 one time and you keep that account as long as you keep it
@@RealPhoeNix813 apex is a scam. With trailing drawdown you will lose the account eventually. And that doesn't mean you are a bad trader. EOD is hard enough can't imagine with intraday trailing drawdown how fast you will lose the account.. I don't understand why they(future prop firms) don't apply the same logic as they did with forex/cfds prop firms..
Except no prop firm is giving you thousands to trade, don't let the "thousands" figures fool you, you're only getting the max threshold since that's when you get auto liquidated.
Great video was just teaching this to my daughter. 3 50k MFF accounts, 6k every 14 days easy paper. Apex you can triple that. Small moves across 10 accounts
your a good dad
@@geevee9582 Thanks appreciate that
God bless you bro, I needed this. Got funded in 2 days with that same firm and lost it in 2 days. I will implement this for sure.
Thank you. Good info and good speaker. Some people shouldnt be making videos as they are unwatchable. Keep going
Thanks for sharing your knowledge on the many different aspects of trading. I find them very educational😊Keep up the great work. Much appreciated . Have a great weekend 😎
Thank me later! If you are trading futures, only buy 50K and 150K
Whats wrong with 100k?
@@RixZillaI was thinking the same thing
Look at the ratio of the profit target and max drawdown
The $50K has better ratio of profit target to max drawdown.
Yes 50k is 150% difference where as 100k n 150k are both 200%
Yeah ninjatrader tutorial would be a good idea Abdullah. It's like the mercedes of platforms, so many problems to solve lol
Great content as usual 😊
This is why I do EOD challenges.. I think it would be easier for the CFD traders. They may be more to purchase but it’s an easier transition
what EOD man?
@@TheBlueskyson EOD is end of day drawdown. Meaning if you have a 100k account. Daily Loss is at 2% and max loss is at 3%. Let's say you finish day 1 at -1.5k after at one point being at a high of $1,000. The day 2 limits will be set based on the closing balance at the end of 1 (i.e. -1/5k) and disregard the higher equity reached at some point. This is opposed to trailing draw down firms. Where if you say you make $1,000 or 1%. and do not close the profits and then fall down to 2k, to -1% of the initial balance you will breach the daily loss in this example as the drawdown limits rise with open equity as opposed to actual balance. Hope that makes sense.
@@SweatyLanez thanks amigo
The 25k account with Apex is the most logical, because of the first 3 months of maximum withdrawals per account. 25k allows you to withdraw $1500 per 2 weeks, but 100k is only $2500.
Exactly and the rr of the combine is 1:1
Facts!!
It's like you read my mind - I've been coming up with zero clear answers on this❤
Most challengers stop at your starting balance so get your drawdown amount more than your start and you’re good the 102k example wouldn’t be accurate for most props if the SL was 3k to start it would stop at 100k at 105k you have a 5k buffer look for these prop firms
This is true, in this example the trail stops at 100k - based on Topstep rules
Great content bro, you´re the only youtube trader that has not scammed anybody, keep it up!!
topstep is eod trailing drawdown and sticks after a certain point 50k acct once max drawdown reaches 50k it doesnt go higher, 100k acct once max drawdown reaches 100k it doesnt go higher....if that helps
they payout man?
@@TheBlueskysonyea, so far I’ve taken 3 payouts no issues… the payout rule is what alotta ppl don’t like…..need 5 winning days of at lease $200, the 5 winning days don’t have to be consecutively* and after 30 winning days you can withdraw whenever
@@Lebron41 nice work man. ty 4 reply
Super helpful video. Could you plz do a futures documentary We would love that!! Keep up the amazing content man
There's ways to beat it, don't suck. Haha. It's tougher but I've watched guys beat it. I've also been funded from evals with trailing drawdown, but breached the PA. Also I've noticed firms with trailing drawdown have much cheaper evals than firms with evals w.o trailing drawdown. In the end this rule teaches you to be a better trader, only take A+ setups.
I think taking profits is the most important part of trailing drawdown. And not using high Risk to Reward unless you can move your stop with the move. Because even if like you mentioned if you use a .3% risk and have a 3:1 RR if you just miss your target then loose the trade you have effectively lost 4 trades. So it is much better to go 1:1 or or even smaller risk .2 until you get to the funded stage. Or go higher risk with 1:1 setups that are a plus.
Worst thing is the trialling drawdown!! Run away!
When you see these two conditions on any prop firms, it means they want to scam you:
1- Trailing drawdown.
2- When the profit target is more than the max loss.
Very nice explanation. Thank you for taking the time to do so.
And traders have to watch or know the contract size of what they trading with futures it’s not like forex we cant cut lot size all the way down or in half
Absolutely. It’s important for aure
Hi man great video! I'm New to all this and learning the "Trade"!.. just wondered what the Evaw Firms are/mean!? Thanks
Very good video broski ❤️🔥👌🏾
Wow if ou lost accounts because of the firms closing 4 different times, how can you even feel comfortable still doing this, do you feel confident they wont close on you still?
it’s regulated that makes a big difference. It’s more of the wild west in unregulated so that’s why i’m personally more comfortable. They are held to standards legally that they are supposed to follow. Can things happen still? Yea but it’s not as likely as unregulated brokers in forex I knew forex was over with once metatrader went down and our only option was to use their crappy trading platforms. Plus futures has amazing slippage/spreads perfect for scalpers
Do you make more money trading or on RUclips? I don't mean that a shitty way, just very curious about your profitable trading journey.
This situation falls into a somewhat ambiguous category. Considering the statistics, experiencing a gradual decline in performance becomes somewhat more tolerable, as it allows room for occasional setbacks. It is crucial to consider all the other relevant factors that come into play. In this case, it might be more advantageous for you to seek out an unregulated broker with a leverage ratio of 1 to 500, invest a modest amount of 100 dollars, and take your chances. I find it difficult to comprehend why individuals place such great importance on training with a substantial volume of capital knowing its so many rules around it
With these drawdown rules why would i go to futures instead of cfd props, 3% max drawdown in my opinion is predatory.
If you aren’t forced to switch, then no need to
I thought that after you cross your initial starting balance,the drawdown stays there. Meaning if I go up to 105k on a 3k drawdown, my max drawdown stays at 100k. If I’m at 102k then max drawdown would be 99k.
I might be wrong but that’s what I remember reading for top step.
This is right for the funded account I may have said “funded” account instead of “challenge” by mistake.
But if you go up to 105 on funded you can’t go back below 100,100
Fair enough. Thx for the videos. Appreciate it!
sounds just like Apex
powerful man
This brother be kickin Lance's sweet a$$ in 12 month or so. Gr8 explanation mg. Word.
There are scalpers who are constantly profitable
Scam or not but Trailing draw down is unfair... you make 6K on 100K and go down to 101 K you are still up by 1000
Good info, thanks
Have you lost hope for the cfd firms space??
it’s unregulated and garbage at this point
It just seems like this is making simple as complex as possible... Do all these obstacles... or just deposit money in your personal account, and take the same trades...
They want to take people’s money that’s why
@@abdullahrasheed yeah exactly, we need to focus on risk management plans to grow our own personal accounts. Easier than playing their games. Same trades too.
Where is the link for the excelerated course?
🔥🔥
Bro abdullah. Saha eidk.. bro gimme some advise.. i passed 3 challenges.. didnt reach payout. The last test yesterday i was up 12% the payout in two days. And somehow a trade breached the daily limit.. it was so quick the account balance was 10% when it automatically closed.. is it my rizk from god not yet the time for.. or am just not still lacking
I actually thought and still have doubt by fundingpips.. but than again it doesnt make sense
Good questions Mo. Sorry no-one can help out yet. Great results bro. Just keep going
Set a proper stop loss and if needed reenter on a better entry.
So, I have to pay $270 for a 3k account with trailing drawdown. LMAO 😂😂
or you can pay $34 for a 25k or about $40 for a 50k with Apex while they have 80% off and sometimes 90% off I haven’t seen deal below 70% off yet. They always have massive sales on their evals i don’t think anyone pays full price. Trick is they charge you that fee per month as long as your in eval. Once you pass you can pay $106 to get your funded acct and that is monthly and I believe the original price like the $34 or $40 a month you pay while in eval is waived and then you only pay $106 a month to maintain that funded account aka PA (Performance Account). You also have option to pay $160 instead of the $106 but it’s for lifetime access on that funded account so jnstead of paying the $106 a month once you get funded you pay $160 one time and you keep that account as long as you keep it
@@RealPhoeNix813 apex is a scam. With trailing drawdown you will lose the account eventually. And that doesn't mean you are a bad trader. EOD is hard enough can't imagine with intraday trailing drawdown how fast you will lose the account..
I don't understand why they(future prop firms) don't apply the same logic as they did with forex/cfds prop firms..
@@RealPhoeNix813 thx man
🔥🔥🔥
Except no prop firm is giving you thousands to trade, don't let the "thousands" figures fool you, you're only getting the max threshold since that's when you get auto liquidated.
What futures prop firms are you speaking about that has a 85% discount
Where is the link for the accelerator ? I don’t see it in the bio?
🔥🔥🔥