How I Manage $1 Million in Prop Firm Accounts (Trade Copier)

[@chadtrades]

Hope you all enjoyed the video! Make sure to join our FREE Discord community where I share my exact levels every day on $SPY & /NQ 👉 marketminutes.co

[@Cristero4718]

great video. Are ATM (bracket orders) allowed when trade copying? And is this the Apex trade copier? thanks

[@ericthe3rdone]

Drawdown doesn’t increase to whatever it would be for one account times X amount of accounts. Drawdown remains the same as it would be for one account and is incurred across ALL accounts equally when copy trading. If you copy trade 20x accounts and hit the max drawdown of $2500 in the master account, you have not only blown the master account but subsequently all 19 additional accounts as well.. be careful y’all

[@AnotherBangaTV]

Thats not what he stated. He said you're better off going with 6x 50k, as opposed to 1 300k. In that case, as a whole you do have more drawdown

[@Kloutkulture]

@@AnotherBangaTVif you copy trade them though you only have 3k that’s the point he’s making

[@skye1355]

thank you, it didn't make sense for me either! I was WTF that doesn't work like that!

[@mrxit1]

He can trade Smaller!

[@krazylou222]

I was thinking the same thing, they dont run one after the other if you copy trade lol .... people get this wrong not sure i would follow

[@ZRizvi]

Chad, I think you should make a video about how to sign up and how to use Apex, Tradovate, and how to configure them, Step by Step for us.

[@AP_123_]

Agreed.

[@ice_kube96]

Apex has step by step guide already. no need.

[@ElPandaWarrior]

how do you have $15k drawdown available? its the same draw down across all accounts so if you trade copy from a "master account" and copy that trade to all 14 accounts, then you are drawing down all accounts equally. Its just $2500 draw down 14 times.

[@AP_123_]

Good question.

[@stevenc1240]

I was just about to type this... lol

[@AndrewRodan]

You risk less per account without reaching the maximum drawdown. If TMD is $7500 with one huge account, you can get 10 small accounts with $2500 MD and increase your MD to $25000.

[@fastguna650]

It’s also the same exact amount required to pass in terms of percentage as a 300k account. Both 50k and 300k require 6%. If he’s using a trade copier its exactly the same

[@phillipkleopas7230]

For Apex, drawdown on 300k account is 2.5% (7.5k). On 50k is 5% (2.5k). I don't know why is like that.

[@sassysilver4451]

How do you do this is you want to trade under your LLC? Would your main tradovate (personal) account be the LLC, that would link to the prop firms?

[@infalliblegod]

It's really misleading to state that you have higher drawdown with more 50k accounts. Drawdown is 2500, if you copy trade, drawdown remains 2500 altogether. You blow one, they all blow. With the same idea you stated then you'd have 18k in goal to accomplish, not 3k. All accounts are individual to each other.

[@rhknight6649]

This video is anything but MISLEADING. You MUST pay attention to and analyse what he's saying before making these dopey & unjustified comments.

[@InTheStreetztv_Reloaded]

its always that 1 person thats going to have something negative because ether they cant afford to do what he talking about or is not a good trader lmaooo even if it 2500 why in any world would u even get close to that when all u need to make is small trades like $150 x 20 accounts = 3k per day if u cant make $150 with out going into deep draw down u dont need to be trading get a job tf lmaoooo

[@infalliblegod]

@ItsJynxWorldReactions smh, I never said I traded, I simply watched an informative video of which a small piece of the explanation doesn't add up, according to uhh, math. I simply commented on that and said nothing else regarding the whole video. It's becoming boring entertaining the airheads looking to offend as opposed to educate.✌🏿

[@jacoblehman8714]

@@rhknight6649 That's like eating an apple a day for a year and saying you now own 365 apples. Your adding up things that don't actually equate to a real result. You don't own 365 apples do you? You don't have 15k in draw down.... do you.

[@jacoblehman8714]

@@InTheStreetztv_Reloaded Yeah true you should be able to make 150 easy that's why you use a copier. if I said you have 15k draw down. Well you also have a 18k profit target. but that's not true is it? your profit target is 3k. thats copied 6 times. your drawdown is 2.5k... copied 6 times. Copying is different from multiplying.

[@horrorcoder]

Last time I've checked was not possible to open braket orders in group mode, you have to manually enter stop loss and take profit which is quite unmanageable when fast scalping on futures. Also you can't group accounts from different prop firms

[@stoicadx]

i think i just wasted 150$ buying the copier, i didnt realize that i could group them all togther in tradovate. i will be honest, it didnt let me group the accounts togehter before i purchased the copier. or i was doing something wrong

[@michaelpiotrowski6795]

You don't need bracket orders. manual entry is easy and precise. Brackets fail too often.

[@horrorcoder]

@@michaelpiotrowski6795 Manual entry is mostly for gamblers that don't know how plan their trade. Only exception is for those few hi-freq traders that are able to work consistently on sub-minute timeframe

[@YouAREyoubeYou]

Yes I learned the hard way from having my SL and TP set. DONT do it! I’ve almost lost all my accounts because of this. Even if you select desync if your position fills and hits your TP it will most likely reverse your position after your take profit. NO ONE explains this. I had to email Apex Investing MANY times to get clarification on this.

[@rhknight6649]

Brilliant KZbin video, Chad -- thanks for making it so educational, clear and at the same time FUN to watch. Love your logic and clarity.

[@RephaelInbar]

Good video, thanks! does the Tradovate trade copier support Target Profit and Stop Loss/Trailing Stop Loss for all accounts in a group? Thanks.

[@brousnax9255]

Hey Chad, great video but kinda wanted to know what are the costs to pay when you get funded? Like you pay x amount of cash to get access to market data when you are funded, etc, hope you can answer

[@cryptocpa1194]

I mean, it's not really $1 million. I don't know why they do that. Really you have about $50k in equity to manage with the ability to over lever yourself unless you've actually built cushion instead of taking payouts.

[@AdrianVizik]

Hi, Thanks for the video. You said it is psychologically easier to see for example when you are just trading one account and seeing just $150 in loss vs. seeing $1500 in loss (10 accounts). But when trading say 10 accounts using "account group" you have to select 10 contracts when placing the order. When you do that under "position" would it not show $1500 in loss vs. just $150 since your quantity is 10 contracts and you are trading under "account group" that has 10 accounts? Thank you!

[@the.notorious-i7b]

After the stop is locked Must always have 10 trading days minimum?

[@homairasadat1283]

Hi What brokerage do you recommend to start trading, can you coach me so I can become profitable trader Do you trade futures or stocks

[@maveri.k]

Great video. Do you mind sharing how much you have received in pay outs and how many months you have had with 20-40k payouts?

[@AP_123_]

I'm also interested, following.

[@DelbertColumbus]

Hello. Interesting. What prop firm account are you associated with that allows common stock trades and the covered call strategy with a trade coppier?

[@87106utube]

Thank you for sharing. What instrument and strategy are your trading based on?

[@ajwebb220587]

so you have to input the total number of contracts when you buy/sell.....but it still only shows the PnL of 1x account right?

[@wayneharrod7958]

Hey Chad, I believe after the third month you don't have a limit on how much you can withdraw from Apex.

[@andrewalker7574]

Great video! What do you use to copy your trades?

[@Guru-qd2cm]

Hi Chad, your videos are very valuable, thankyou for doing these videos. I have a question. I have my PA with APEX. I use Rithmic. I like to get 18 more accounts. Is it possible to add copier and connect all 20 in Rithmic. You said you are using Tradovate. If yes, can you please make a video how to connect copier to Rithmic. Thanks.

[@YouAREyoubeYou]

I believe you have to have a Tradovate account(at least one) if you use Apex Investing(partner of Ninja Trader) trade copier.

[@abbiii41]

I paid one off 85$ after passing evaluation of 50k account. Is it better to pay 105$ per month. I might have missed a small print then.

[@sungmopark0405]

is trade copier working on the mobile trading view app?

[@oceanwave4142]

Could you copy trade from there to your other Tradovate accounts such as tradovate from topstep or personal tradovate? 20 accounts is nice, but what's wrong with 40? Why cap it to 20 Apex?

[@akposharid3694]

Can you use a trade copier on your phone?

[@sshbeib]

what about when you ahve to buy the 6 50k account and the activation fee after that and when you have to buy the data

[@thedykshow]

Nice, can i add accounts that are in evulation? so if i have one funded can i add some new accounts and pass evaluations while trading my live account?

[@ice_kube96]

No, a 50k account does not mean you are working with 50k worth of funds. Your drawdown is essentially your account size so with a 50k, you have a 2.5k account...They can call the account whatever 50k, 100k, or even 1 million for marketing purposes. Like look at the "100k" static account. The buying power and drawdown is less than that of their 25k account. At the end of the day it's all sim monopoly money but they are paying you and putting a cap on it because few actually can become consistent over several months vs getting lucky initially and a very small few actually make it to a live account.

[@mitchellbuckner5264]

Does this work for Ninja Trader too??

[@ForexJediMasters]

What do you trade and what lot sizes with the $50K accounts? I'm trying to find a good lot size for US30 and Gold with $100K. Thanks Note: Just saw where you share results so maybe you share lot sizes there?

[@abbiii41]

I just passed a 50k challenge , given your drawdown is not so much different in 100k so I would suggest you do max 8 contract of Gold and 4 contracts of US30.

[@Kloutkulture]

Where’s the proof of funding?

[@Emanuel_Trader]

Hi there! great job! Can you please suggest a trade copier ?

[@AnotherBangaTV]

So you trades the Micros as opposed to Minis? Can you explain your reasoning behind that? thanks!

[@AnotherBangaTV]

@chadtrades. haha. Good one mate 👍

[@jordanrayder]

Is it possible to set this all up but execute the master trades on Tradingview?

[@LOSthagod]

Yes, but you need a different trader copier. Look up replikanto trade copier and how to use it or you can use the Apex trade copier. Everything is setup in ninja trader and then you just login to tradingview and execute from the lead account there

[@YouAREyoubeYou]

Yes. That’s what I do. You just need to select the same leader account on both the copier and trading view

[@barabas_mtb]

@@YouAREyoubeYou Are you using the Apex Trade Copier software of the Trade Copier built into Tradovate to do this within TradingView? Thanks

[@JKBeastyy]

what trade copier do you use

[@DP-lu8po]

do all accounts have to be tradovate accounts to be added into a group on tradovate? or can we add rithmic also?

[@akinkayode6557]

Do you have a personal account as your host account?

[@TheSkyhawking]

Good stuff Chad. Always wondered how that worked.. thanks

[@JB-ty8kp]

Did you ever get a payout of 2k per account or no?

[@stevevilla8903]

Hi Chad, why in their website showing drawdown of none?

[@Fatherkamp]

All of your accounts are link 1 trading plateform correct?

[@safayatdadani8697]

Very good video and good learning experience as well. Looking forward to more videos like this. Thank you for sharing Chad

[@AP_123_]

Is your prop firm for stocks as well? I heard you mention /ES, which is Futures. I'm curious if you trade stocks and forex with a prop firm or solely Futures? Also - Is there a way for others following you to copy your trades? 🙃 I.E. EToro. Thanks for sharing this info w/us Chad.

[@chadtrades]

Prop firms only allow you to trade futures

[@Mclovin_trades]

There are prop firms available for Forex, commodities and other assets but none for common stocks. APEX in this video only allows futures.

[@trung__dog9535]

so if I had a personal account with tradovate before I signed up for APEX account, how do I copy? it will be two diff log ins.

[@LOSthagod]

Use ninja trader. You can connect all accounts regardless of login details

[@jjjensen9493]

Why don’t you just call it 14 or 20 accounts if I heard you right? I have 20 myself and I can assure I am not managing million dollars lol. It’s also 140 for a 50k not 105

[@futuresmillionair]

hey chad, the thing is if you use the copy trade, you cnt have the stop loss and tp pre set right?

[@DLSmith05]

my sl and tp on ninja trader are preset. I use Apex funded accounts. I use copier too

[@futuresmillionair]

@@DLSmith05 hey man, i use tradovate via apex as well. it wasnt allow preset tp nor sl if you copied mult accounts. so you mean you could have it work while trading through ninjatrader?

[@RAJASEKARANA-iu4gp]

well explained , thank you so much Bro

[@michaellapetina4623]

Awesome video Bro!!

[@csmchip-hopmanagement652]

How are u copy trading without mt4, with new prop firm regulations

[@YouAREyoubeYou]

Because he trades Futures. It’s already highly regulated given the fact that the S&P 500 is often times used for 401ks, life insurance, and pensions. Whereas Forex is not.

[@TheElitess]

plz make a video on how to trade copier different propfirms on tradovate.

[@stephenmillerPSF]

When you said you are able to purchase 6 , 50K accounts at one time, are you also able to copy trade those 6 accounts so you can pass them at the same time?

[@mariamacrae5]

This is one reason why trading futures prop firms are superior.

[@YouAREyoubeYou]

Yes you can do 20 at a time as well.

[@stephenmillerPSF]

@@YouAREyoubeYou cool thanks 😎

[@kingk7613]

Excellent video 👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼🌟🌟🌟🌟🌟

[@jeansebastiencormier6008]

Great video Thanks!

[@Fatherkamp]

F yea, great info bro 👏🏽

[@XTRADERXNYC]

I wish they allowed bracket orders

[@jacoblehman8714]

wait so my profit target is 18k?

[@ACTIVE7DIAL]

Interesting! So if you pass the evaluation process you get $50,000 to trade with in one account…?! What happens if you blow that account do you have to pay back the $50,000?

[@maveri.k]

No. This is fake money. A demo account. And you don't get 50k, but only 2500 of fake money in drawdown. You lose 2500, the account is gone.

[@chadtrades]

No you just have to start over with a new evaluation account that’s why it makes the risk low to use prop firms

[@Trade4Pay01]

How come no videos showing payouts?

[@urshinc]

20 , 300K ACCOUNTS ?

[@nozrulmiah5164]

maybe you could show us how you passed 20 accounts

[@TradeDrifter]

You should remove this video as the 15K draw down is wrong. Also, you aren't trading 1 million if you are still within the range of the draw down (52,600 in your case for each account). The drawn down stops following your balance after that. Meaning, if you have 62,600 you have 10K room to play with.

[@chartingwithliv]

Thank you

[@williambmii]

Why wouldn't you actually do 20 $100k static accounts? You only need to make $2,000 to pass and there is no trailing draw down. You can easily use the micros to make $2k in one month, pass and spend another month building a $2k buffer and then you've got $2 million. By just creating a $5k buffer across those accounts you can trade the two full minis allowing you to trade 40 mini contracts across all the accounts which is about $500 a tick. Just 4 ticks and you make $2,000 a day. I don't get why all these videos I watch about this nobody is using the OBVIOUS best choice which is the static account.

[@analysewithnitin]

Brother , different prop firms have different brokers , which have different price for the same security (cfd) which means I put a stop loss on us30 from my master account it could trigger on other brokers and not on others . So how do you tackle this ?

[@markponto3259]

as a fellow ginge, go grab some sunscreen bro.

[@sampsonahgang]

300k drawdown 7.5k 6*50k drawdown 15k?? Seriously you passed your maths?

[@markunwin2313]

Yeah that $50k is really a $2500 account these numbers must really be just branding. No company is going to let you trade the full $50k, nor would you want to

[@Paulbartoszek]

If you have 1 million why even trade geesh

[@Wisenbrow]

My city made me get a business license to trade prop firm money. Anyone else run into this? Guess they just want to tax me monthly...

[@BuytheFearSelltheGreedTrading]

Non sense. Stop misleading people. Your 50k account is actually $2500 virtual money. $2500 x 20 = $10,000 in virtual money NOT a million at all.

[@chadtrades]

20 $50k accounts = $1m brother

[@BuytheFearSelltheGreedTrading]

@@chadtrades Looks like you have no idea about these prop firms....a 50k account real size is the size of the draw down. The draw down on a 50k Apex account is $2500. That is your risk so that is you account size. $2500 x 20 = $10,000 of virtual money. You dont get to play with a $50,000 virtual account. You only have $2500 of risk. You lose that 2.5k and you are done. Where is the $50k ???

[@aprealaebiegberi7001]

​@@chadtradesgetting everything wrong need to go to maths school

[@maxtrader618]

you guys are so stupid in criticizing, that you don't understand that even by trading with 2 miserable micro nasdaqs, if you are decent traders, you can easily make a daily profit of at least 100 dollars which multiplied by 20 is 2,000 dollars a day x 20 days becomes 40,000 dollars in a month

[@Horus1133]

what tf r u on about🤣 ​@@BuytheFearSelltheGreedTrading

[@EdgarLeon-i1f]

So thanksfull Chad for ur content, join the discord shared. Regards from Mexico California prov.22:29

[@gp5]

No one gets a million dollars or even thousands of dollars in trading funds my boy, all everyone gets is a max loss limit which depending on what you bought could be anywhere from $1,000 to $7,500 and on a sim account. Stop believe online prop firms when they offer you $25,000/$50,000/$100,000 “worth of funding” they’re not giving you that.