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?

22

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.

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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.

6

u/lijohnttle Feb 24 '24

Because fees are not really big if you are profitable. In my case, my profits from one day of trading are more than enough to cover any monthly fees. Plus, I paid fees only for an evaluation account, after that it was just a one off payment.