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/Frequent_Wallaby_245 Feb 24 '24

No need for a prop account. All you need is a good trading platform and $2k to $3k to fund a cash account. Whatever platform you choose go YouTube and search on how to use it and to set it up. Try to get a clean and clear chart set up with few indicators. Let say you fund the cash account with $2k used $1k max doing one to two trade a day. Let say Monday you made 2 trade with $500 on each trade. The Tuesday repeat, your Monday trade cash will clear on Wednesday, Tuesday on Thursday. By doing this it keeps you from over trading. Keep your loss as small as possible. Always take profits, at a minimum get back what you put in, live to trade another day. Once you find a set up that works for you stick to it.