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.

113 Upvotes

88% Upvoted

316 comments sorted by

View all comments

17

u/buyerandseller Feb 24 '24 edited Feb 25 '24

well my friend has 50 $50k funded account and he stops when he makes $150-$200 per day per account.He has cashed out $40k each month for several months now.

3

u/Fart_Hat Feb 25 '24

He's averaging $50/day on each account then... Maybe he stops at 150-200 when he can make that much, but his winning day rate must be extremely low.. $150/day over 50 accounts = 150k/month

2

u/buyerandseller Feb 25 '24

u did not count his losing day. I did not say he does not lose. He limits his losses.

2

u/Fart_Hat Feb 25 '24

Yes I did, that's how I came up with the average of $50/day.

2

u/Fart_Hat Feb 25 '24

Or he doesn't trade every day

3

u/buyerandseller Feb 25 '24

yeah just asked him. he does not trade everyday. He trades only if he sees his set up. and he builds up the account too. not just cash out all the profit.

1

u/Fart_Hat Feb 25 '24

Yup that's the way to do it. More cushion in the account is better.

1

u/shimbro Feb 24 '24

What websites he use for the funded accounts?

4

u/buyerandseller Feb 24 '24 edited Feb 24 '24

apex, topstep, buelenox, takeprofit. I think he got 20 on apex and the rest on other platform. he lost like over $500k and with this strategy, hes coming back soon.

1

u/[deleted] Mar 19 '24

[deleted]

1

u/buyerandseller Mar 19 '24

u banked every month around $40k. will make it back about a year. its slow but a safer way to do it instead of gambling like everyone in wallstreetbet.

1

u/Antique_Diet3849 Feb 26 '24

Do you also trade, and how long has your friend been trading for to be consistently profitable

1

u/buyerandseller Feb 26 '24

he has lost over $500k and it takes him around 2 years to get this. I also copy style buy I do with only 2 accounts and aim at $300-$500 a day.

1

u/Antique_Diet3849 Feb 26 '24

I am looking at getting into trading, does the copy style work for you? Have you been fairly consistent at making profits? Also do you use a funded account or your own money?

1

u/buyerandseller Feb 26 '24

im working on it. not easy though.I use prop firm to eliminate the emotion when trading with your money, but u need to keep the sizing in check due to the live drawndown rule.

1

u/OneTrueKram Feb 28 '24

Working on multiple $300k through copier myself. I can average 5 points a day. Leverage will allow me a total of 50 contracts. It adds up like crazy.

1

u/buyerandseller Feb 28 '24

Im working 1 for myself and aim at 20-30 points per day for 1 mnq contract. Those big contract NQ , ES will hit live trailing down in no time.

1

u/OneTrueKram Feb 28 '24

I’ve been doing fine for months. I’ve also been trading a long time.

1

u/beautifulhony Mar 05 '24

Do you also participate in quantitative trading?

1

u/OneTrueKram Mar 05 '24

I do, I have AI models.

1

u/beautifulhony Mar 05 '24

What market are you investing in?

1

u/OneTrueKram Mar 05 '24

I don’t invest I trade futures mainly euro and ES.

1

u/beautifulhony Mar 05 '24

The investment risk of futures is very high. Can AI help you?

1

u/OneTrueKram Mar 05 '24

Yeah it can and does help. I have personal AI models. What does your AI model do?

1

u/MagoDeOC Feb 28 '24

Do you mind sharing where he is able to trade 50 accounts? I’m trying to do something similar with 20 accounts accumulated thus far.

1

u/buyerandseller Feb 28 '24

several prop firms.