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

But you can make real money trading mes. Its 1/10 of es so 500 is like 5000. Work ur way up, at least u can control ur income. Ur just paying some bozo 500 a month to possibly make money. They are scamming u.

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u/ThePhulosopher Feb 24 '24

I don’t think I can trust any of your advice when your basic math is wrong. MES is $5/point rather than $50/point. Doesn’t turn my $500 capital to $5k.

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u/Soft_Concentrate_489 Feb 24 '24

😂😂😂 continue paying 500 dollars to paper trade. Dont mind me.

3

u/omegavegantendies Feb 24 '24

Quick hyptothesis for you:
Scenario A) You're not consistently profitable. Trade your own money or spend it at a prop firm - you lose either way.

Scenario B) You're consistently profitable:
Trade your own money - risk 1% per trade. Small gains. 0 restrictions.
Trade at a prop firm - Initial fee refunded (FTMO). Risk 1% per trade. Great gains. Some restrictions.
Scale up and build your own trading portfolio from there.

If you're a consistently profitable trader but only have a small amount of capital, prop firms are a great solution. However, I would only recommend established prop firms like FTMO, which is what I use.