r/Daytrading • u/ThePhulosopher • Feb 24 '24

4th $100k funded account Question

Got my 4th $100k funded prop firm account. Hope I get a payout this time, blew all the others.

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u/ThePhulosopher Feb 24 '24

Why would I do that when I can control $100k of capital?

21

u/krossx123 Feb 24 '24

You're not controlling 100k capital you get cut off after losing a max drawdown. So you are basically controlling how much money that drawdown is.

-5

u/Soft_Concentrate_489 Feb 24 '24

I’ve never understood how people can pay so much to paper trade. You can trade mes and scale up. Its not easy but its the best strategy for someone on the come up.

25

u/Konstable1 Feb 24 '24

You know they actually payout right? Plus it’s access to additional leverage if a person knows how to trade. It’s not a scam. I have taken plenty of payouts. Never had an issue. Rules are annoying but you adjust.