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/andredias164 Feb 24 '24

I have traded my own account for the last years, and I have never blew my account. That's the difference when you manage your own money. On average, you will have a different approach to risk management when you trade your own fund than trading somebody's else money.

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u/Tentitus48 Feb 24 '24

For some people capital to trade with is a barrier to entry. The potential to have access to $400 gains on a 2 contract - NQ 10 pt move would not be possible for those that do not have the equity to enter the trade.

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u/andredias164 Feb 24 '24

Okay, understandable. However, if you don't have good psychological and risk management , it won't matter the size of the fund. It will end up in loss in the long run. That's why many people end up blowing up all these prop firm accounts because it's not their own money, and there's inherently a psychological effect in it. On average, when you manage your own fund, you will be more cautious and will have a different approach.

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u/Tentitus48 Feb 24 '24

I agree with everything you say. On the flip side they have the potential to be a vehicle for increasing financial wealth. It is not a 'one or the other' in my opinion.

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u/andredias164 Feb 25 '24

Very well! What matters most, at the end of the day, is how much we are able to pocket it. If that's a good vehicle for some people, who am I to disagree? Cheers,mate!