Auto-generated transcript below — expect the occasional typo and a lot of trader slang.
Transcript
Sure. — In case anyone’s wondering, Take Profit Trader announced that as of yesterday, May 6th, if you leave a trade open, even if it wasn’t by mistake, and you had no idea, you not even on the computer anymore, — Oh, dude, I saw that. — Yeah, if you leave your trade open until, you know, at 5:00 p.m., you used to lose your account. You used to lose the account, no questions, you
couldn’t you couldn’t like appeal to them and beg them for it back. — Dude, I just lost a 150K pro account because of that. I was on I was away on vacation what, 3 weeks ago? And what happened was I was trading. I can’t came back there and launched, made some trades, and I left a three micros in by mistake on a 150K pro account. And it literally got
triggered at like after after hours, and sure enough, I lost my account because of it. — That’s up. — And there’s nothing you could do about it. You can’t say anything, whatever. Um yeah, I mean, you know, a 150K pro account is a solid account that you’d want to have. And yeah. — Completely freaking completely hosed. — Cuz you yeah. It was an accident. And now, but now that’s
that will never happen again. — I know, which is nice. — Yeah, they close they close trading at 4:55. If you’re in a position, you get liquidated, which is not the end of the world, they just take you out of the position, and then you could still trade your account moving forward, which is awesome. Another reason to trade with them. They’re a great prop firm. — I mean, to
me, they’re probably, you know, with rules and stuff, they’re probably the number one. — Yeah. — I mean, daily payouts, no rules, no nothing, like I don’t know why none of the other ones follow suit and do similar rules as Take Profit Trader, to be honest with you. Like I guess Trade Day is the only one that has gone and done the same thing, or maybe people don’t care about it that
much. Um I don’t really know what the what the issue is. But I I will say um I do think that that rule was a shitty rule, and I’m glad that they got rid of it. Um just you know, obviously you hear the complaints. People complain about all types of stuff in the chat during the day, and uh that was one of the things people complained about. Hey, if I leave my
I’m like, bro, like you’re not going to trade because of that? Like it just didn’t make sense. — There’s always something that someone hates about a prop firm that stops them. — Bro, haters. What are you going to do? Haters. I hater aid going on. Um So, yeah. So, that was that. And then I’m just glad they changed it. You know? Definitely glad they changed that. — Me too. — I mean
they had no other rules to really complain about it. — I I was I’ve only had it happen to me a couple of times in like, you know, 2 years of trading with them, but yeah. It always sucked. It always sucked. — it definitely sucks. You know? It definitely sucks. But what do you you know, what are you going to do? I mean I They had no other rules to get rid
of besides that. The only other thing that I’ll say that people complain about is when you go live that initial until you hit the buffer is trailing drawdown. — Or when you get a when you get a funded account, a sim funded account. — Yeah, when you get sim funded it’s a trailing drawdown. And it’s like, bro, like that’s what you’re going to about is is the $2,000 trail
on a 50K? — I mean they they got to make their money somehow. — Yeah, they got to have some type of — loss limit. They used to have a rule where if you hit the daily loss limit, you lose your account. — was crazy. — Yeah, that was rough. And then they got rid of it completely. — That one was a rough one because you just kind of forget about it
and then all of a sudden you’d be like, “Oh, no, I just got hosed and I just lost my freaking full account.” — Yeah, and like you could get get caught in one of these Iran got bombed by US candles. — Done. Done. You get smoked. — You And you’re only in one mini. It doesn’t matter what your size is. You could get wrecked. — Yeah. So, um So,
yeah, I I would say that, you know, I’m glad they did that. It’s definitely nice moving forward from that and uh — Yeah, I’ve had people I’ve had people hit me up while like while I’m streaming and we’re talking about it and then I’ll be like, “Oh, guys, remember, it’s almost one It’s almost 5:00. Make sure you close out your Take Profit Trades or at least watch them so you can close
them out.” And every other firm closes — them out anyway, so I don’t understand why they don’t why they are the ones that don’t. — another way to do it. Trade Day does it, too. Trade Day Well, not too, but Trade Day still does it. You will lose your account. So, maybe they’ll follow suit. I always thought I don’t know why. I could be wrong, but it’s just It just feels like
Trade Day is like a some sort of subsidiary of Take Profit Trader. — I mean, I thought so for a while. Um — But there’s different owners. They’re different owners. I just don’t know. It’s just — It’s just they’re they’re very much alike. — They’re very very much alike. — Yeah. Like like way way uh — Although you could trade you could because they had daily payouts and in and day one
payouts, but you could actually have end of day end of day accounts if you want to pay up for them. You don’t even have to pay that much more for them. It’s not bad. — It’s just so crazy that um a lot of things they do are just very similar. — Yeah, you uh They’re not as degen friendly as Take Profit Trader is though. That That is a fact. I’ve had people
tell me, “Yo, I got max payouts and this, that, and the other thing.” And I was being evaluated for live — Uh — and then I blew my account and then they just won’t let me buy any more U bars. I’ve seen that before. — That’s interesting. — It’s how you trade them and how you take payouts. If you’re like slamming the accounts, — Yeah. —
it’s bizarre that they’re not going to let you keep doing stuff like that. — Hey man, I’m just trying to live. You got to tell them, “I’m just trying to live.” — I’m just trying to trying to get the trying to get a nut here. — I know. — We’re all trying to get a nut. — It’s crazy, man. — So, what else is going on? — None. Oh, what were we
talking about? There was one thing I was like, “Oh.” Oh, the two
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