February Trading Recap | +$18,909 in Payouts — Transcript

Full transcript

1. 0:00All right, what's up? It's Thrax. We are
2. 0:01back for another video. In this video,
3. 0:03it is the end of the month, so we're
4. 0:05going to be going over a monthly recap.
5. 0:07We're going to talk about numbers. We're
6. 0:09going to talk about what happened this
7. 0:10month. We'll try not make it too long
8. 0:12because we do weekly and daily recaps
9. 0:14and whatnot. This month mainly was
10. 0:18milking my big account. So, we worked on
11. 0:21some other accounts. We were mainly
12. 0:23milking this account to try and get all
13. 0:25of the balance out of it as possible.
14. 0:26So, currently right now, this is my
15. 0:29Express account. We're currently sitting
16. 0:31at a $6,300
17. 0:33balance. Uh we were on like a 35-day win
18. 0:38streak, and today, that win streak
19. 0:40unfortunately came to an end, so we kind
20. 0:42of stained our perfect month here in
21. 0:45terms of P&L. Um but yeah, we had a win
22. 0:48streak that was going for a while
23. 0:49because we're just milking the the
24. 0:51payable days or the eligible days. And
25. 0:54then, let me just go through the numbers
26. 0:56real quick in terms of what happened
27. 0:58this month. So, these are the numbers
28. 1:00with Topstep. In terms of Topstep, we
29. 1:03paid about $687 in fees. We blew two
30. 1:07funded accounts. We blew a couple of
31. 1:09evals. Um but we were able to pull out
32. 1:12about $18,909
33. 1:15in payouts. So, gross net or net before
34. 1:18taxes is about $18,222
35. 1:22for this month. So, that is where we
36. 1:25currently stand. Now, let's take a quick
37. 1:28break to tell you about the sponsor of
38. 1:29this video, Prop Firm Match. Prop Firm
39. 1:32Match has built-in comparison tools so
40. 1:33you can compare prop firms against each
41. 1:35other or even challenges against each
42. 1:37other, and you have all the rules
43. 1:38clearly laid out. You can even see which
44. 1:41firms are actually being used by traders
45. 1:43just like yourself by reading some of
46. 1:45the reviews, so you know exactly what
47. 1:47you're spending your money on before you
48. 1:48buy anything. It makes it really easy
49. 1:50because you have everything now all in
50. 1:52the same place, and if you want to use
51. 1:54Prop Firm Match, you can check the link
52. 1:55in the description or in the pinned
53. 1:57comment and to make sure that you're
54. 1:59getting the best deal on any of these
55. 2:00firms, make sure you check out their
56. 2:02exclusive offers and use code match.
57. 2:05Now, let's get back into the video.
58. 2:07Earlier this month, I did have two other
59. 2:09funded accounts. I had this account and
60. 2:12I had this account and I got absolutely
61. 2:15wrecked by not having a stop loss and
62. 2:18then some news came out pre-market,
63. 2:20unscheduled news. It was just like news
64. 2:23that came out pre-market. It was like
65. 2:24Iranian some type of Iranian news or
66. 2:26whatever. Anyway, I got absolutely
67. 2:28destroyed. So, in total, we're about
68. 2:31we're up about $18,000
69. 2:33this month. Now, I do have some other
70. 2:36accounts that I've been copy trading.
71. 2:38Been using Trade Copia
72. 2:40and I'm going to go over those right
73. 2:42now. So, we have our leader account,
74. 2:44which is the Express account. We
75. 2:47are currently sitting with that $6,300
76. 2:49balance. We did take a pretty big L
77. 2:52today. So, we took about 560 bucks
78. 2:55across eight accounts.
79. 2:57This is a funded account with Alpha.
80. 3:00It's at a $700 balance. This is this
81. 3:02another one. It's a funded account with
82. 3:04Alpha at a $700 balance.
83. 3:07This is a funded account with FFN. It's
84. 3:10currently at a $1,200 balance. This is
85. 3:12an eval. This is an eval and this is an
86. 3:15eval.
87. 3:17All at about $1,000. They were halfway
88. 3:19completed
89. 3:21um before today, but you know, we lost
90. 3:24some money, but it is what it is. And
91. 3:25then this is also a funded account down
92. 3:28here. Uh this one's sitting at a $1,600
93. 3:30balance. So, currently, we have 1 2 3 4
94. 3:345 funded accounts and three evals.
95. 3:38So, we're heading into the month of
96. 3:39March in a pretty good situation, pretty
97. 3:41good scenario. We are going to have,
98. 3:44hopefully, five funded accounts
99. 3:48and then we're going to add in another
100. 3:49three as as as we pass those ones and I
101. 3:51am going to start adding on some other
102. 3:54evaluations here with some of these
103. 3:56firms. And the goal is to try and get to
104. 3:58about 10 to 12 funded accounts for
105. 4:01March, and then we're going to copy
106. 4:02trade them in groups of two or in two
107. 4:05groups. Right now, we're kind of copy
108. 4:07trading all of them at the same time,
109. 4:08which is pretty dangerous to do. So,
110. 4:10we're going to try and kind of veer off
111. 4:12of that path. Now, this month
112. 4:16my main focus was just milking the
113. 4:19accounts. So, we really didn't make that
114. 4:21much money this month in terms of P&L,
115. 4:23but that's because we were focusing on
116. 4:24actual cash and actual payouts to the
117. 4:27bank.
118. 4:28So, for the year uh from January and
119. 4:32February now, that puts us up a little
120. 4:35over, I think, $35,000 in payouts and
121. 4:38probably about $3,000 or so in fees. So,
122. 4:41not too bad, but overall, it wasn't
123. 4:43really a bad month. We have been stuck
124. 4:46in a range on NQ for a while now. So, if
125. 4:49we go look at the 4-hour, we've been
126. 4:52stuck in here, and basically, all I've
127. 4:54been doing this entire month is just
128. 4:57trying to play the extremes of the range
129. 4:59and trying to avoid trading the middle
130. 5:02of the range, but, you know, some days
131. 5:03we do open up at the middle of the
132. 5:05range, so there's nothing I can do about
133. 5:07it. I do try and trade it still, but I
134. 5:09would prefer to trade the extremes of
135. 5:10the range. So, we've just been kind of
136. 5:12consolidating on a higher time frame.
137. 5:14The ATR this month for a 5-minute candle
138. 5:18was extremely large. Um we're talking
139. 5:20about 50 to 60 points for a 5-minute
140. 5:23candle, which is
141. 5:25pretty large, if you ask me.
142. 5:27And that caused me to
143. 5:30have to size down. I had to size down.
144. 5:33My typical contract size is about 10
145. 5:35micros. I had to size down to like three
146. 5:37to five micros just due to that
147. 5:39volatility, and it's going to remain at
148. 5:41that size until volatility
149. 5:44uh comes down a little bit. We had every
150. 5:47single day be a green except for the
151. 5:49last day. We put a stain on our perfect
152. 5:51month, but it is what it is. That's not
153. 5:53the goal here. The goal here is not to
154. 5:56make it look nice. I mean, we just got
155. 5:58to get paid. And the goal is to set us
156. 6:01set us up or set ourselves up for a good
157. 6:03month heading into March, which I think
158. 6:06I did a decent job. I started this month
159. 6:08with one funded account, which was this
160. 6:11one that had like uh
161. 6:13we built it up like a $26,000
162. 6:16in total from this account. It's there's
163. 6:19been like
164. 6:20I don't know, $40,000 made on it in
165. 6:23terms of P&L.
166. 6:24We were able to pull out basically all
167. 6:26of it in payouts over the course of 2
168. 6:29months. So, this month was more of a off
169. 6:31the gas, smaller size,
170. 6:34milk the accounts, build other funded
171. 6:37accounts, and try and set ourselves up
172. 6:39for March. Now, in March, because we are
173. 6:42done milking this account, there's only
174. 6:43about $6,000 left in it.
175. 6:45We are going to focus back on being a
176. 6:48little bit more aggressive
177. 6:50um and trying to scale with these other
178. 6:53accounts. And one thing to note is yes,
179. 6:56this was a losing day, but previously in
180. 6:58the past, when I come off of a winning
181. 7:00streak, my first losing day is is
182. 7:02typically like the biggest losing day
183. 7:04because I'm like trying to force like a
184. 7:06winning streak to go on, which is the
185. 7:08wrong way to do it. We kept this one at
186. 7:11$560, so
187. 7:14compared to the rest of my winning days,
188. 7:16yes, because we were milking this
189. 7:17account, some of these days are only two
190. 7:19to $300 or even smaller. But overall, we
191. 7:23kept it pretty pretty tame here, I would
192. 7:25say. Did some good damage control, and
193. 7:29overall, every week we've been green. I
194. 7:31know it's a quicker video. I just want
195. 7:34to have these on my channel,
196. 7:37and we're going to try and have a better
197. 7:39month next month. We're going to try and
198. 7:41get you know, a 20, 30, 40 thousand
199. 7:44dollar
200. 7:45a month with payouts if we can get
201. 7:47there.
202. 7:48I think that would be awesome. And if we
203. 7:49have 10 to 12 funded accounts, I really
204. 7:52don't think it would be that difficult.
205. 7:54As long as we don't just blow all the
206. 7:56accounts at the same time. So, of
207. 7:58course, as always, the goal is just to
208. 8:01not just absolutely destroy our
209. 8:04accounts.
210. 8:05We do only have $1,500 of drawdown on a
211. 8:08lot of the funded accounts because
212. 8:10of this losing day. But, that's okay. I
213. 8:13can work with that.
214. 8:15We will just continue on and we'll start
215. 8:19the next month
216. 8:20uh in March, probably that first week,
217. 8:23I'm going to take a payout and we will
218. 8:25start our month off in the net green and
219. 8:28then we will continue on and try and
220. 8:32keep the momentum going, try and keep
221. 8:33the consistency going, and try to
222. 8:37um try not lose money. Hopefully, make
223. 8:39some money. So, one thing to know on the
224. 8:41side is
225. 8:43the Discord is about to hit a thousand
226. 8:45members. Crazy. So, because of that, I
227. 8:49am going to be giving away three zero
228. 8:52accounts, 50K zero accounts from Alpha
229. 8:56Futures.
230. 8:57If you want to participate in that, you
231. 8:59absolutely can. You just got to join the
232. 9:01Discord. The link is in the description
233. 9:04and you might win a free account. It's
234. 9:06worth like a hundred bucks. So, they
235. 9:08don't have an activation fee, so it
236. 9:10truly is a free account. So, if you want
237. 9:13to win that, join the Discord. I'll see
238. 9:15you guys in there and I will catch you
239. 9:17guys in the next video. Peace.