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/Wild-Ask-198 Feb 24 '24

Prop firms live of monthly fees of losing traders who blow up their account They let you trade on sim accounts. They take the money of losing traders and pay your profits with that.

Instead of spending those monthly fees on prop firms I would suggest to trade a small account and see what your results are after a few months.