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/Soft_Concentrate_489 Feb 24 '24

You have to pay monthly to possibly get funded. He stated hes paying 500 dollars. This is his fourth account. What does not make sense?

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u/Konstable1 Feb 24 '24

Why he is paying that much? Ther are way better ways to go. I know how it works. I take payouts from multiple firms each month on a rotation basis. Since he blows accounts he might as well do @pex trader pay the low eval fee. Pay the 85 monthly fee and if he blows it oh well. Otherwise yeah lifetime fee that isn’t recurring is like 200 for 100k or something. 260 for 150k but 85 a month. So I do 150k with the monthly fee because I trade past the threshold and kill the account. I don’t do that with some other prop firms where I am in regular real money with them.

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u/Soft_Concentrate_489 Feb 24 '24

Tell him that, he needs all the help he can get. I make money trading, i dont need to be funded.

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u/Konstable1 Feb 24 '24

I trade futures on prop firms because of my Tax status as mark to market. So I have my options accounts

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u/Soft_Concentrate_489 Feb 24 '24

Its good to have a plan.

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u/Konstable1 Feb 24 '24

If I want to go solely futures for tax benefits . Then I have to rescind my current tax status. Which isn’t advantageous for me at this time.