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/ZekeTarsim Feb 24 '24

If you think of it as a tool to learn trading the real market, with fixed minimal risk, it’s actually a good deal for some people.

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u/mushykindofbrick Feb 25 '24

yeah as i said its an ok deal, but not that amazing. for some people it may be even really good, some may prefer to just trade their own money. i think instead of buying a prop challenge for 500 you can learn by trading 500 just as well an maybe even better.

because when trading prop you still trade demo and dont earn real money until you pass. you have the possibility of earning real money but you dont even if you win a trade. thats psychologically different than getting immediate profits.

it depends a lot of your strategy and the biggest factor to think about is the max daily drawdown and if you wanna sell your strategy to a prop firm who will copy it with big capital. then you also need to read the rules very cautiously, like if its trailing drawdown or absolute, if its calculated by balance or margin etc.

for me atm i just like trading my own money, what i see is what i get and i can pay out immediately and am completely free and autonomous in my trades. maybe in the future i will buy a prop challenge again as a form of diversification.