Auto-generated transcript below — expect the occasional typo and a lot of trader slang.
Transcript
Somebody asked today about um what what I like intraday versus end of day, what would you go with? Like what do I like and then you know, if you go the other route, how do you go? And I basically was just kind of saying like like you said, I I’ve been trading with Apex for so long that it’s not really that big of a deal for me and I don’t let [
__ ] just move around. So like I’m not going to just sit here and be like, oh, I let this come back 50 points. It took me out of my position cuz that’s where you get hosed is by holding. I take gains. So I’m not just going to sit here and let the go up like 30, 40 points and then come back and get me break even and then
I’m just kind of you know, flopping in the wind here like I’m very I take profits. Take profits. Take profits. Like I look at my drawdown sometimes, I’m up a thousand bucks and my drawdown is still maxed. — Yeah, cuz you don’t you don’t let the you don’t let the trade have these massive swings. — Yeah, I’m not going to sit there and be like, oh, yeah, let’s just you know —
intraday. — Yeah. — And you had asked me like what my thoughts are on intraday and what I like more and what is better for your typical prop firm trader and I was saying that it really all depends. Like for me I’m not afraid of intraday because when I first started trading with prop firms, I was trading with Apex only. So I learned how to trade and manage accounts with intraday. And
then when I like moved on to other firms, not that I moved on from Apex, but when I started incorporating other firms cuz I wanted to have more accounts or whatnot or just spread it out cuz different firms had different different rules and Take Profit Trader was very appealing because of the day one payout potential and the daily payout potential. And I was familiar with intraday trailing already even though they’re end
of day on the front end, you know, on you know, on the eval side, but they’re intraday on the funded side unless unless and until you go live, which most people never will. Um — Yeah, people complain about oh, when you go live, this happens. I’m like, bro, have you been live at any firm? He’s like, no. — Yeah, have you gotten enough payouts to push yourself there? Yeah. — Have you
gotten more than two payouts in one account? No. Oh, then what are you What are you worried about? But people are worried about oh, Apex is only going to pay me six times. I’m like, have you been paid more than twice? No. So, why don’t you get paid six times and then come see me? Like, everybody’s worried about the wrong things when it comes to a lot of this stuff. Um that’s
what’s crazy to me about the prop world is everyone likes jumping on the bandwagon um of of bitching. Like the band the the bandwagon of bitching and then it’s just you know, it’s about things that they’re never that they’re not going to see unless they really get their together. You know what I mean? Um — Yeah. — You know, you don’t just go live — gotten enough payouts to
go live. Like we lose it on the same accounts. But eventually, like you get enough payouts overall, they — Correct. Then they push you. Um that’s how I got Fedeas. I didn’t hit that threshold, but I was slamming them in a 2-week period and they were like, yeah, we’re not going to pay you that extra money. You’re going to go live. — Yeah, just after the 2 weeks. So, so, you know,
back to the intraday versus end of day, what I would recommend to a new trader or a newer trader and you’re still struggling to get payouts, I would go with the end of day because — the If you look at the data, it’s got to be like double the amount of pass rate for end of day account versus a a non a trailing because these these especially these new newer people um
yeah, it it just has to be. I I I can’t see the numbers being remotely near each other if you’re a newer trader. End of day would definitely be the way to go. — Plus like you could go down you could go up 500 bucks and then go back to break even. You could sit in the trade longer. Yeah. You could let the trade you know let the let the [ __
] breathe and let let let it play out. Because you’re right. Let’s say you’re right, but if you’re playing with intraday and you go up 500 bucks and the next thing you know you’re down 500 bucks in the trade even though it’s still a good trade. But at the moment you’re at 500 bucks you lose $1,000 of drawdown. Now there’s always the possibility that that you might only have $1,300 of drawdown
left. Because it’s intraday. Whereas if you’re if you’re in a end of day account and you go up 500 bucks and then you’re down 500. Then you’re only lose 500 of your drawdown. So this there’s that aspect of it as well and I just think it’s easier to get paid on end of day. Well I mean I mean easier to pass too. Let’s not even but Easier to pass an eval with
end of day. They’re just going to cost you more money. That’s the biggest thing. — I agree. Also somebody brought the fact of like these accounts that you know you get billed monthly in. Um I’m like yo if you’re new and you’re not passing accounts in one month don’t buy monthly accounts. — Yeah. — You know what I mean? Like that’s not for you. — A lot of these firms are going
away with the monthly accounts. — Correct. Yeah yeah yeah. — I like the subscription but Take Profit Trader still has the subscription. My Funded Future still has a subscription. Um Bulenox does or Bulenox — Apex. — Apex does not have the subscription anymore. — No the accounts go away. So if you don’t pass — Apex if you don’t pass in 30 days you lose the account. — Well that’s what the guy
was on. He was on Apex and he was basically like hey man I’m trading Apex and I get to three weeks and then that last week I’m like halfway to passing and then I I force it. And I’ve I’ve been blowing the accounts on on week the fourth week and I’m like, “Bro, why why are you buying me? Those aren’t for you then.” You know, you should be getting other and it’s
not a knock against that. It’s just that’s not for you, bro. Like just go go get something else and I think people just don’t I don’t know. I think they see like I trade with Apex, so they feel like they have to trade with Apex, but like you should go what’s right for you, not what everybody else is freaking doing. Um cuz I trade with like so I have these Elite Trader
Funding accounts, bro. These are not for newbie traders. Uh you know, you need to get $200 a day for 8 days. So I need 8 days of $200 and on top of that my my smallest day has to be bigger than 23% of the largest day. So if I have a day for a thousand bucks, after that day every day has to be over 230 bucks. So it’s it’s not for newbie
traders. Like you know, if you hit something like I had an account one time I hit for 2800 bucks I think in a day and then ever since I did that every day I need I need 600 and like $54 to to count as a trading day. Like bro, that’s a lot of money. You know? But I have them. I’m about to get paid, but like people are asking
me about them. I’m like, “Bro, if you’re not getting payouts on the regular, these aren’t for you. Like there’s no way you are going to pass the account and then you’re going to get 8 days of $200 8 days of $200 or more is a lot. Like Lucid is 5 days of $150. So you need three more days and every day has to be $50 more. Like I feel like Lucid is
one of the best days uh best Sorry, I feel like Lucid’s one of the best firms to to do it. — You’re just talking about the Lucid thing about the Lucid being the easiest one to get a payout in. I I truly believe Lucid is the easiest accounts that you can get a payout in if you are solely looking for somebody to send you money. Not you know, not like the highest
amount of split, but like just them give you any payouts. Lucid is the easiest one to get one with. It’s a flex. — That well, my plan on the futures has a similar account too. — Yeah, which one is that? — I think it’s the flex. — Oh, but yeah, it’s 150 bucks 5 days and then they they they send it to you, right? — Well, yes, but at the same Well,
that’s for a 50K, but you still need a minimum of $1,000 in profit. — In what? Lucid? — Yeah, any size. So, you got to get So, you still need You’re on a flex you’re requesting half of your profit and then and then the most the the smallest amount you can request is 500, so half of So, if you multiply 500 by two, there’s your you know, your thousand bucks or whatever.
So, — Yeah, I I think Lucid’s I I I just like those plans. They were 70 If you had the 50% off, they were $70 all in. You really couldn’t beat that. 70 bucks — I think they’re all Lucid, yeah. Yeah. — I mean, remember when they were doing $60 resets any size account? — Yeah, that was a long time ago.
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