Weekly Trading Recap | $4,500 Payout While Building 3 More Funded Accounts — Transcript

Full transcript

1. 0:00All right, what's up? It's Thrax. We're
2. 0:01back for another video. In this one,
3. 0:03we're going to be doing a trading recap
4. 0:05or a recap of our week this week. It was
5. 0:08the first week of February. A little bit
6. 0:10of a weird week, a volatile week, and we
7. 0:12did take it a lot lighter or we were
8. 0:14more passive this week just so that we
9. 0:16can milk some payouts and build some
10. 0:18more accounts. So, I'm going to be
11. 0:19talking about what we were looking for
12. 0:22as far as a weekly profile, how we
13. 0:24actually ended up trading it, and then
14. 0:27um we'll take a look at some of the
15. 0:28results.
16. 0:30So, this week in general, we had very
17. 0:33large volatility. The ATR
18. 0:36um for 5-minute candles at least was
19. 0:38huge. I mean, there was like 50 points,
20. 0:4060 points. So, I had to size down. I was
21. 0:44mainly focusing on evals this week. At
22. 0:47the very beginning of the week, I did
23. 0:49pass two My Funded Future accounts, and
24. 0:51then I ended up blowing them on silver.
25. 0:53So, those came and went pretty quickly.
26. 0:56Um but currently right now, we have four
27. 0:58funded accounts. We started the week
28. 1:00with one. Now, we have four. We did blow
29. 1:03some accounts along the way. We went
30. 1:05into a little bit of a rut there trading
31. 1:07silver, so we're taking a break with
32. 1:09silver. We're focusing on NQ. And plus,
33. 1:12with the way that silver's been moving
34. 1:14anyways, uh a lot of these prop firms
35. 1:16are kind of cracking down on people
36. 1:18trading silver anyways, which is kind of
37. 1:20crazy to me, but it is what it is. So,
38. 1:23I'm going to talk about what we were
39. 1:24looking at at the weekly open. So, this
40. 1:27right here,
41. 1:28from here basically
42. 1:30to here is our weekly profile.
43. 1:33So, we're going to talk a little bit
44. 1:34about what I was looking for to start
45. 1:35the week, and then what my daily
46. 1:37outlooks were, and then how it actually
47. 1:39played out. Now, let's take a quick
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68. 2:18Now, let's get back into the video. So,
69. 2:20just to make it simple, I'll keep them
70. 2:22side by side. So, what I was
71. 2:24anticipating
72. 2:25starting on This is a screenshot from my
73. 2:28weekly outlook at the beginning of this
74. 2:29week.
75. 2:30Um this is a 4-hour chart. We just came
76. 2:33up and took out these highs. So, before
77. 2:35we made any type of move up, I was
78. 2:37expecting us to move lower. Now, when we
79. 2:39did get lower, I was going to be looking
80. 2:42whether or not we were to bounce or we
81. 2:44were to actually just continue towards
82. 2:46these lows here. What actually ended up
83. 2:48happening that day was we opened up, we
84. 2:51gapped down, we pushed lower into
85. 2:53discount, which was about right here
86. 2:55after we took these lows, and then we
87. 2:56started coming back up back into premium
88. 2:59of the higher time frame range here.
89. 3:01Basically, what I was saying is I was
90. 3:03looking for us to come down to 25,300
91. 3:07to 25,250,
92. 3:09which is basically here. We did
93. 3:12overshoot it a little bit, but we found
94. 3:14a little bit of support and we started
95. 3:15bouncing up. We made a run on Monday.
96. 3:17So, before market opened on Monday, what
97. 3:20I was anticipating is since we did
98. 3:22respect this area and we did get a
99. 3:24bounce, I was looking for us to trade
100. 3:25back into the middle of that higher time
101. 3:27frame range or into premium of the
102. 3:30range. So, these were the two scenarios
103. 3:32I drew out for Monday morning, which was
104. 3:34basically
105. 3:36right here. I was expecting that we
106. 3:38either dip lower, take out these lows,
107. 3:40and then make a run up or just run up
108. 3:42off the open to then target the top of
109. 3:45the gap and basically Asia session
110. 3:47highs.
111. 3:48So, we ended up taking a trade to then
112. 3:50target that, and that was a successful
113. 3:52day. We ended up
114. 3:54passing an eval or something like that
115. 3:55or working on some evals that day. And
116. 3:58then we were done in the AM session. So
117. 4:00then we move over to the next day. Now
118. 4:02the next day, what I was anticipating
119. 4:04for this day is for us either to
120. 4:05consolidate after a large move or I was
121. 4:08looking for us to retrace into this
122. 4:10area. Uh the large move up from Monday.
123. 4:14Now, we had Asia highs get taken out by
124. 4:17London highs.
125. 4:18And when New York opened up and made a
126. 4:20lower high here,
127. 4:21uh we ended up trying to short this and
128. 4:24take it down. Now, I ended up getting
129. 4:26out of this and I think this was the day
130. 4:28that I passed the MyFundedFutures
131. 4:30accounts, where then I later in Asia
132. 4:32session blew them on silver. Um but we
133. 4:35got out. We made a quick $1,500 on that
134. 4:37move down. We did have to get out. I was
135. 4:40expecting us to bounce in this area
136. 4:42potentially to continue up higher to
137. 4:44take these highs.
138. 4:45We never had We never ended up doing
139. 4:47that. We just came all the way back down
140. 4:50uh with a very large move to the
141. 4:52downside, which was pretty interesting
142. 4:54to see
143. 4:55because then heading into the next day,
144. 4:57essentially what I was anticipating was
145. 5:00I wanted to see us continue lower.
146. 5:02Now, this is right around the time that
147. 5:04silver was tanking, that NQ went lower,
148. 5:07that gold went lower, and also crypto
149. 5:09went lower. So I was anticipating this
150. 5:11move to continue to the downside. So
151. 5:13before we actually opened up, I drew out
152. 5:15two scenarios here. I was either
153. 5:17thinking that we were going to pump up
154. 5:18first to take the highs and then drop
155. 5:20lower or if we were going to do
156. 5:22basically the same thing that we did the
157. 5:24day before, which London highs took Asia
158. 5:27highs, we make a lower high pre-market,
159. 5:30and then we just make a run lower to
160. 5:32then target here.
161. 5:34The analysis was right this day, but I
162. 5:36actually didn't take any trades this day
163. 5:38because the delivery in this area around
164. 5:40market open, I just couldn't find an
165. 5:42entry that made sense for me. It was a
166. 5:44bit choppy, even though we did get that
167. 5:46directional move lower. You can see it
168. 5:48right here. It was just a little messy.
169. 5:51So, I ended up not trading this uh this
170. 5:53day.
171. 5:54Heading into the next day, what I was
172. 5:56looking for is after I saw the move
173. 5:58pre-market for us that came down like
174. 6:011,000 ticks, I was anticipating a little
175. 6:03bit of a bounce here. So,
176. 6:06this is right around here. I wanted to
177. 6:08see whether or not we were going to
178. 6:10continue up from here
179. 6:12or if we were going to make one more low
180. 6:14and then continue up from there. Um we
181. 6:17did come into this area down here and
182. 6:19then we started to basically
183. 6:21consolidate,
184. 6:22but we did end up making a move higher.
185. 6:24And this move was also 1,000 ticks. So,
186. 6:28all of these moves are massive this
187. 6:29week. Uh but eventually we did start
188. 6:31coming down lower. When this morning
189. 6:33opened up, before we opened up, I was
190. 6:36looking for us to essentially
191. 6:39either come down first and make a move
192. 6:42lower to then target these lows, these
193. 6:44lows, and then the ultimate target being
194. 6:46down here,
195. 6:47or I was looking for us to
196. 6:50come down first.
197. 6:51I was watching this area or this area
198. 6:54and I was going to see whether or not we
199. 6:56were going to bounce. Now, in the event
200. 6:57that we did bounce, I was looking for us
201. 6:59to essentially target the previous day's
202. 7:02Asia session highs, which
203. 7:04the market's still open. It's a lunch
204. 7:06hour right now. We can eventually get up
205. 7:08here. This is the ultimate target for me
206. 7:11for
207. 7:12this New York session. And we wanted to
208. 7:15see whether or not if we are going to
209. 7:16continue, if we're going to make it up
210. 7:17here. Now, what this is setting up for
211. 7:19for next week in my head is keep in mind
212. 7:23we still are
213. 7:25technically in this huge range, okay?
214. 7:27So, we're basically trying to play the
215. 7:30range at the extremes and we're being
216. 7:32careful whenever we're in the middle of
217. 7:33this range. This is a very large range,
218. 7:36okay? We poked our head out up top, we
219. 7:38took the highs, and we made a massive
220. 7:39move down this week. Um but we never
221. 7:42took these lows. Now we're popping up on
222. 7:44this daily candle and if we stay up
223. 7:46here, then you know what? We're going to
224. 7:48essentially open up on Sunday if we
225. 7:51don't gap super hard, we're going to
226. 7:53open up on Sunday potentially in the
227. 7:55middle of the range. This is an
228. 7:56extremely large range. It's like
229. 7:591,800 points or over 7,000 ticks. And
230. 8:03each of these daily candles within here
231. 8:05is very large. I mean, I think the ATR
232. 8:07on a value of 20 is for a daily candle
233. 8:10or the average daily range right now is
234. 8:12like almost 450 to 500 points a day. So
235. 8:16there's massive moves every day within
236. 8:18these candles. And it's a great
237. 8:20opportunity for us to trade, but since
238. 8:23the volatility is pretty large right now
239. 8:25as we're making these moves from premium
240. 8:28to discount to discount to premium,
241. 8:31we need to be careful and potentially
242. 8:32size down. So that's that's basically
243. 8:35what I did this week is
244. 8:37I noticed that the conditions were
245. 8:38pretty volatile.
246. 8:40I could have pressed the gas, but we're
247. 8:42coming off of a pretty good week last
248. 8:44week. So in this account, this is my um
249. 8:49funded account where
250. 8:50you know, we've been milking it
251. 8:52in the past month or so. We've built it
252. 8:54up. We're on like a 21-day win streak
253. 8:56that you guys probably saw on the
254. 8:58monthly recap. I just need to milk this
255. 9:01balance. Um, so starting
256. 9:04starting in the beginning of the week,
257. 9:06we were at like a $20,000 balance on
258. 9:09Tuesday. We hit the fifth day for our
259. 9:12sixth payout on this account. So we just
260. 9:16wanted to milk the days, get the payout.
261. 9:19I took a $5,000 after the split. It was
262. 9:22$4,500 on Tuesday. And then now we just
263. 9:25are milking the days following that. Um,
264. 9:28what did happen is I got another funded
265. 9:32account with Topstep. We're on our
266. 9:33second day this week. We've just been
267. 9:35copy trading a couple accounts together
268. 9:38and we're just trying to build the
269. 9:39balance on it. Also this week on Funded
270. 9:42Futures Network, we did the same thing,
271. 9:45copy traded this account with the other
272. 9:47accounts, and then I also have this
273. 9:49account as well
274. 9:51that we just passed
275. 9:53this week as well. We're just flipping
276. 9:56contracts. Today was the last day, so we
277. 9:58passed it. And um we're going to have
278. 10:01this account heading into next week. So
279. 10:03next week we're going to have four
280. 10:04funded accounts. We're probably going to
281. 10:06size down just to see what happens. I'm
282. 10:09going to stay away from silver. It was a
283. 10:11little bit of a uneventful week for me.
284. 10:14Just trying to milk the accounts here,
285. 10:16trying to get payouts, and trying to
286. 10:17essentially just set myself up for a
287. 10:19good month this month with more funded
288. 10:21accounts and copy trading them. Um I
289. 10:23would say that the analysis in terms of
290. 10:25the weekly profile and the daily
291. 10:27outlooks that I was posting in the
292. 10:29Discord, they were for the most part um
293. 10:31pretty decent. And always, like I say,
294. 10:34having a plan before heading into New
295. 10:36York open is always the best thing to do
296. 10:39so that you have in validation areas,
297. 10:41you have areas that you're watching for
298. 10:43as price is moving a million miles an
299. 10:44hour um so that you can
300. 10:47keep track of what's going on. So we're
301. 10:49going to try and continue the winning
302. 10:51streak here. Um this is the third day.
303. 10:53So if we can get this account to more
304. 10:55winning days making it like a 23-day win
305. 10:58streak on this account I will take
306. 11:00another payout, a max payout on the
307. 11:0310th, hopefully. And then we'll try and
308. 11:06continue to build more funded accounts.
309. 11:08The goal is to get to like 10 funded
310. 11:10accounts. Right now we're only at four,
311. 11:12and we're going to try and make more in
312. 11:14payouts this month than we made last
313. 11:16month. So last month we were at, I don't
314. 11:19know, like $13,000 in payouts or
315. 11:21something like that after the split. And
316. 11:23currently for this month we're at $4,500
317. 11:25in payouts after the split. So we're
318. 11:27going to try and continue to grow that
319. 11:29and try not spend too much money on
320. 11:32evals and eat away our profits with
321. 11:35fees. So, that's just a quick recap. I
322. 11:38do post daily outlooks and weekly
323. 11:39outlooks every single day and every week
324. 11:42inside of the Discord. It's free. If you
325. 11:44want to join it, click the link below.
326. 11:46We're going to just continue to milk
327. 11:47this account and then continue to try
328. 11:49and grow the balance on this and the
329. 11:51other two funded accounts and then
330. 11:52probably add more fundings by trading
331. 11:54some evals. So, we'll see how it goes. I
332. 11:56will catch you guys next time. Peace.