Auto-generated transcript below — expect the occasional typo and a lot of trader slang.
Transcript
a prop — I think TradeDay Prop just jump will jump right into that. Yeah, I think TradeDay Prop is going to start monitoring cross prop firms. Like so, if you have an account here, you have an account there, TradeDay Prop I would assume is going to start monitoring for hedging across firms. And uh I’m not dropping names here, but I know people that do it, people that stream do it, they do
it off stream. Um just to show payouts, but I think they’re going to start uh I think they’re going to start monitoring it. Yeah. — Yeah, that’s what I think that’s why they made TradeDay Prop to begin with. It’s And then everybody start started adapting it, well, the firms, because they’re going to they want to share the data. — I also think what’s going to happen is with TradeDay Prop is you’re
going to eventually log into one tab, then you’re going to have all your accounts there. So, you’re not going to have to do this like you’re going to have multi logins. So, you basically go to TradeDay Prop just like you would Ninja Trader, and you log into Apex, log into Trader uh Take Profit Trader, My Funded Futures, and then your accounts will just show. So, eventually TradeDay Prop one tab will show
all your accounts. And uh they’re not going to allow you to uh hedge to get a payout between accounts. — Yeah. Yeah. Well, people are doing it just to show payouts. I can tell you that right now. — Yeah. — But you know, it’s it’s crazy. And but you know, listen, if they want to do — Hit the sell Discord memberships. — Some some of them even sell Discord memberships. Some of
them don’t. — They buy mansions in Puerto Rico. — So, yeah, you tell me that place doesn’t smell like it ass body spray? — It smells like dried up crusty sock is what it smells like. — It definitely doesn’t smell like girls have been there. But anyways, uh I I just think that that’s what they’re going to do, man. I think that there’s a lot of
people out there hedging just to show payouts on on Twitter or X. That’s a big thing. You know, I got to show payouts, got to show payouts. And they’re just freaking hedging over and over and over just to get it. And um that’s where I think they’re going to stop. And I think it’s a good thing. I think it’s a good another monitoring system to just keep people uh you know, just
on the on the right — Well, they’ll find other ways, man. — They’ll find other ways, but — They always find ways to scam. It’s just like people with drug tests in sports. They’re always one or two steps ahead of the drug tests. — Yeah, but I think it will it’ll calm it down a little bit until people like start hedging with other people’s accounts. So,
it’ll be like me and like my wife at another location. And then and you know, and then I just show you the winner. I mean, that’s probably where it would go next. Uh — Wait, hold on. Let me get my pen and pad. I want to take some notes on how to do this. — I know. I know this is I don’t need to, but I’m just telling you what people are
doing. — [laughter] — They want to get the audience. You know, they want to have more viewers. They want to have more — They want to show you what they want you to see, you know. — Yeah. Yeah, they’re not showing you You know, and you got to remember all these guys that are doing this, all their gains are coming off stream. They’re never The on stream gains are always small compared
to the off stream gains. And that’s how you can kind of weed them out. You know. — [laughter] — Dude, it’s — Oh god, it’s true though. It’s true. — I mean, that’s what happens though. And you could hedge, you know, it’s crazy, man. It’s a crazy thing. — hate about people that do that is they ruin it for everyone else, you know? — They ruin
it because then dudes are following them and they’re like, “Man, I can’t get I can’t get trading to work.” And then the guy leaves and ruins his dream of trading. And in reality, he was following some guy that was hedging off stream. And then the guy that they can’t realize why he can’t duplicate the gains is cuz the guy that you’re following And you know how I can tell?
I I I’m now going through apps and YouTube and everybody that writes out their their strategy, I’m basically screenshotting it and I’m putting it into Claude, and Claude is giving me their strategy, and I throw it on on sh- you know, either Claude will back test it for me or TradingView will or Ninja. And you can see that the strategies just don’t work over a course of time. Like, yeah, it it
was good for 4 weeks, and then you go before 4 weeks and you’re like, “Bro, this guy got destroyed.” Like, there’s no way that he’s making these gains using these strategies, but people believe it and cuz they want to believe whatever they want to believe. And um you know, a lot of people are getting destroyed or they’re they’re they’re not trading anymore and this guy is basically sucking audience. He’s sucking
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