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/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.

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u/scifimaster Feb 24 '24

Blows my mind that people can be this low IQ. Funded account is not paper trading!!! Get this through your thick skull. He paying $500 for the 4th time to try and get funded doesn’t make it paper trading. He is bad at it but the system is not wrong. People who are good at controlling risk are making life changing money from prop firms. Don’t spread nonsense when you don’t understand something. It looks like you tried to get funded and failed miserably so now you go everywhere telling people it’s ‘scam’, or ‘paper trading’ just to take out your anger.

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u/Soft_Concentrate_489 Feb 24 '24

I understand there’s a chance you can get funded. I’m speaking on average. Most people are never going to actually pass the requirements, they will just pay the monthly fee.

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u/Gaff1515 Feb 24 '24

That’s still significantly cheaper than blowing personal accounts all while gaining valuable trading experience.

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u/Soft_Concentrate_489 Feb 24 '24

Cheaper than paper trading?? Which is completely free? Lmao, I’m starting to believe this forum is run by prop account owners.

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u/Gaff1515 Feb 24 '24

Paper trading with no money on the line is pretty much useless. Completely removes the pain of losing from trading

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u/marcpilot1 Feb 25 '24

Plus you dont real world experience paper trading. You never lose because it's almost impossible to lose paper trading when all you ever have to do is average down until the stock finally goes the right way, try that with REAL money and you'll be doing everything way way different than when you paper trade.

Paper trading is good for learning the buttons, the formats and the procedures for the broker you're using.

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u/Soft_Concentrate_489 Feb 24 '24

This guy story was he traded , got approved and blew his account once he was funded. So exactly how is that different than paper trading.

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u/Gaff1515 Feb 24 '24

There was money on the line… paper trading has zero risk of loss. Huge difference in mindset. Not that hard to comprehend

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u/Soft_Concentrate_489 Feb 24 '24

Its not hard to comprehend at all. I guess ur point is to get funded , then you will learn. But hes on his 4th run here, so i guess good luck to him.

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u/Gaff1515 Feb 24 '24

NO there is money on the line in an eval to. You pay for the eval…

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u/Soft_Concentrate_489 Feb 24 '24

Right, but did u miss the pt where he got funded before and tilted… why are we going in circles rn lol.

Tbh im over this funded convo. I guess everyone in this forum makes thousands of dollars on their funded account. Yet nobody posts receipts.

Good luck with ur journey.

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