The Best Crypto Prop Firm For Trading (Breakout Tutorial)

All right, what is up? Welcome back to the channel. Today we are going to be breaking down prop firms and how you can trade and get a funded account. This means using other people's money, another company's money, and trading with that capital so that you can make bigger profits. Because a lot of you probably don't have $25,000 or $100,000 or maybe a quarter million dollars sitting around to use and trade with, but if you did, your profits would be much larger, right? It's basic logic. Uh, if you trade with $1,000 and you make 10%, you're only going to make $100. But if you trade with $100,000, you're going to make a lot more. So this is the perfect thing to get into during a bearish market. The reason is because even during a bearish market, uh, the traders are still making money. They're the ones that make money when the market goes down and when the market goes up. It doesn't matter. So I'm focused a lot right now on trading and specifically prop firm trading because you can get their capital and make money on their capital, uh, and you get to keep 90% of it. Of course, you don't get to keep the whole 100% because they're giving you the capital. So in this video, we're going to break down my favorite prop firm. We are partnered with them. They are owned by Kraken, the crypto exchange. So major credibility. Uh, Kraken actually purchased the Breakout company. Shout out to Trader Main. He's one of the founders of Breakout. He was from Vancouver. and breakout is amazing. So we're gonna go from 0 to 100. We're gonna tell you some basic free strategies to pass your evaluation. We're gonna tell you how it works, uh, and then we're gonna get into some other more advanced strategies to pass your evaluation. So a prop firm provides money to traders to trade with and they take 10% of your trading profits. But in order to get access to a funded account where they fund your money, you have to buy and pass an evaluation because they're not just going to hand their money to traders that suck. So they have different evaluations that you can take. We have a discount code for the evaluations. So at checkout, if you type in GS as your discount code, you will get a discount off of your evaluation. So right here, you can see one-step and two-step evaluations. So for a $5,000 account, it's gonna be $60 with the one-step evaluation. Your profit share can be up to 90%, uh, and your step 1 goal is to make $500. Okay, so they'll give you the $5,000 account, and if you make $500 trading— there's no time limit— if you make $500 following the rest of the rules, you will unlock that $5,000 account as a live account. and then you will be able to make profit with that $5,000. Now this goes all the way up to $100,000. Um, so if you're really, really confident and you're a really good trader, um, and you think that you can make $10,000 using $100,000, uh, no time limit, max drawdown of $6,000, max daily loss of 3%, and up to 5:1 leverage, um, you can pay that $1,000, take that evaluation, pass the evaluation potentially, or fail it. Um, and if you pass, you're gonna get that $100,000 so that you can actually make money on that account. Now it does go up to $200,000 at the, the higher levels. Um, and there's Classic and Elite right here. So I've tried, or I'm working on a $5,000 evaluation right now, uh, to see if I can pass it and unlock $5,000 of capital. Okay, so if you have any questions with this, you can read them below, right? They have a good frequently asked questions and a good support document. You can get funded in one trade with the one-step evaluation. If you make a good trade and make $500 You're funded instantly for that $5K. You can withdraw any time. They're request— like, withdraw your profits after you're, after you're a funded trader. Do you accept crypto? They— you can, you can purchase evals with crypto. Anyone can do this. Regional restrictions apply though. And let's get into actually showing you what it's like once you buy one of these evaluations. Okay, so I have purchased the $5,000 evaluation right here. I'm currently down $30 in profit, uh, minus $30 on this account. I just took a trade to show you what it looks like. Here's the trade right there. You can generate a P&L card as well. My maximum daily loss is here, so that resets in 4 hours, uh, right there. Resets in 4 hours. You have your maximum drawdown right here. Your profit target equity is gonna be $5,500, right? So once you get to $5,500, you're gonna unlock that $5K on a live account. So now, you know, if you make another $500 on that account, you're gonna keep 90% of that. And now you're officially trading with someone else's capital, and you don't have to cut into your capital because I paid $60. For this account, right? So it's a really cool model right there. Obviously, prop firms, they do make money from you losing, right? Like, if I blow this account, then I'm out my $60, and I'm fine with that because I would, you know, I'm okay with paying $60 to have a shot at grabbing $5K that I can use and trade strategically with. So you have your certificates over here. You have your public profile, your private profile, your settings, your payouts, and the leaderboard as well is pretty cool. You can see, uh, people just going ham on here, man. Ham. $40 million in trading, uh, trading volume. Uh, the profit side, $46,000. People making insane profits on here. You can start a new evaluation, but if you go to the dashboard, you You're gonna click Open Terminal, and these are your credentials that they give you to actually sign into the terminal. So it's gonna look like this. By the way, they do have a mobile app. I trade basically exclusively on the mobile app. Super good app, very quick to trade with, and they do have a lot of assets, actually. So if we log in here, click the login, this is gonna bring us to the terminal here. And here you can see, uh, this is a— this is my $10,000 account. We got the $5,000 account as well, I believe. Yeah, here's the $5,000 account I was working on. Um, and here you can place trades just like normal, right? Here's all your symbols. You can, you know, search for different symbols. If we want Litecoin, you can see, boom, we can switch to Litecoin. You can click buy. And then you can set your orders and everything. So they have everything here for you. Uh, they've got the trading dashboard, trading journal as well, all right there, your watch list, etc. And you know, I prefer trading on the mobile app, but you can also turn on one-click trading on here. And this is very, very good. Like, you're gonna get good entries. It's powered by the liquidity of Breaker or, uh, Kraken. So that's how that works. Now, how do you pass your evaluation? There are a few strategies. You definitely want to use TradingView, right? You want to use TradingView to see your charts. And, you know, one of the paid ways you can do this is by getting the free trial for Patience Indicators. This is our indicator company, patience.io. You can grab the free trial, and during your evaluation, you can try and use the indicators to pass your test, your evaluation, right? Now, lots of people pay for our indicators every single month past the free trial because they actually do work more than they don't work. So right here, you can see— let me make that a different color, yellow. Uh, you know, actually let me make that like blue or something right here. Let's make it blue. You can see that this entry, um, would have been at $73,000 Bitcoin and we're now down at $67,000. So this one entry alone from our indicators would have printed you easily a, a, uh, funded account, right? So that's one way you can do it. The other way you can join our free signal groups, okay, we give trading suggestions. Uh, link is in the description for both of these. We have one with CoinW and we have one with Blowfin. Both of those are crypto exchanges that we're partnered with. Uh, so if you click the links in the description, it's going to get you to sign up a CoinW account under our referral. You have to be under our referral to get into the group. Then it's going to bring you into the Telegram group once you're verified. And we have our, uh, very experienced traders pushing out, uh, trading suggestions and analysis in both of those groups. And that's for free, right? They're completely free to get in those. So, and then you can take some of the trades in there if you think they're good and potentially pass your evaluation that way. And then obviously you can use your own strategies to pass. Of course, I'm just suggesting certain things you can do. We also have this Corgle guy. He passed a $100K funded account, so he now can trade with $100K of their money. Um, and you know, his setup was a max— or his setup was the $100K account You can see here's some of his trades that he did. Um, simple strategy, he only traded Bitcoin and ETH during high volume. He entered with 4-hour resistance breaks with volume. Um, his stop loss was the previous swing low, right? So stop loss would be previous swing low, um, or previous swing low, and his target was 2:1 risk-reward minimum. And he tested it for some time and it definitely worked. Um, 67% win rate, no zero hero trades, what kills most traders, risking 5 to 10% per trade. So he did 1% per trade, um, which, you know, it's a slow grind up. A lot of, a lot of profitable trades need to happen to hit the, your profit target, but you definitely have enough time because there's no time limit. You can, you know, avoid— avoided trading news events, avoided revenge trading, no clear— avoiding not having clear exit rules. And here's his chart of the gain to break even. Use stop-loss orders religiously, practice on smaller accounts first, use the trading journal, set position size alerts, and never trade when frustrated. Um, and then why would you use Breakout Prop? It's because there's no time limits, 100+ cryptos, you can get that 90, uh, percent profit split and daily payouts paid in USDC. And then they have the Kraken-backed security. Um, only 5 to 10% of traders pass the evaluations, man, so, you know, be careful. If you buy any valuation, take it serious. Take it serious. Don't blow the account. Use proper risk management. Use those stop losses. Use take profits and lock in. Lock in. This could really be a very good tool for some of you during the bear market to unlock capital. Now obviously I am biased, but I do think our indicators and our scalping alerts are a great, great way to, um, to really accelerate the process of getting a funded account. Uh, this is how I'm using it. I wish I got into this 1-hour trade right here. That would have been insane. Um, you know, I love our trend, uh, our trend bands, which is a combination of 8, uh, regular bands put into one. You can see as soon as we, you know, get out of that band, it's coming back down and it's touching the bottom of the band. Then it's coming back up and touching the top of the band. And in rare cases like this, we start to go up and break again for a second time above the band. But I mean, right here we printed the resistance. The orange line is, is a resistance line. Um, and if we rewind this chart right? Let's rewind the chart. This is what it would have looked like. Okay, actually, let's push this forward a little bit here. Forward. Right there. So the worst entry you could have got is 72,951. Okay, that's when that orange line started to print. So as soon as you see that inside of the patient's Discord, we we have an automated notification that goes out to people's phones who are members, and they will see that, they'll get notified, boom, they can enter. And then, you know, if you stayed in long enough, you're right now, you're in profit, profit, profit all the way. And it did come up again, but if you stayed in, right, you're already deep in profit. Like, you're already probably on a funded account by now. Um, and then boom, dude, broke way below, right? Way below. Continued the downtrend. You can see right here is when our middle trend line turned red, and boom, man, like just printed off that one. So I wish I got in that one, especially on my, uh, my eval account, but I did not. So that is all we've got. Shout out to Breakout for partnering with us. Um, use the discount code Helps us out as well. We get a kickback. Appreciate all of you. I love every single one of you, and goodbye.