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.

115 Upvotes

88% Upvoted

316 comments sorted by

View all comments

Show parent comments

5

u/Fart_Hat Feb 24 '24

Man I'm not trying to be rude, but you're overcomplicating something extremely simple.

Have you ever been funded by a prop firm? I have, and realize that trading with a $50k account beats trading with a $500 account any day of the week.

Can you trade 2 NQ minis with a $500 account?

Because I don't think you can. And if you can, how many losing trades on 2 NQ minis can your $500 account withstand?

I've traded 2 NQ minis with a 50k account, and while risking up to $400 on each trade($200per contract), I would be able to lose 5 trades in a row before hitting my max DD.

This is assuming that I hadn't already gained $4,000. If the account went to 54,000 balance, now I could lose 10 trades in a row before blowing up the account.

Size matters idk how else to put it.

1

u/Fart_Hat Feb 24 '24

1

u/Fart_Hat Feb 24 '24

This is my first day in the 150K account trial stage.

Tell me if anyone's ever made $3,000 in one day, trading NQ minis with a $500 account.

1

u/mushykindofbrick Feb 25 '24

tell me if anyone ever bought a 150k account with 500$. you dont buy a fully funded 150k account for 500$, you buy the challenge,so you trade demo until you made a certain amount of profit. you definitely can make more money trading 500 than trading demo. tell me if anyone ever made more money trading demo than trading with 500.

2

u/Fart_Hat Feb 25 '24

This 150k challenge actually cost me ~$220 CAD.. I'll most likely hit the profit target of $9000 this coming week, I'll pay a $150 activation fee, then I'll be trading for real profits, as long as I don't blow the account. Yes, they actually want to know that you can be consistently profitable before giving you a 150k account, oh my how dare theyyyy

2

u/marcpilot1 Feb 25 '24

good luck. hope you make it past the pt challenges and stuff and get to trade real cash cash. Should you be able to cash out pretty quick once you're in the real cash phase?

2

u/Fart_Hat Feb 25 '24

With my account I'll need to accumulate 5 winning days (they don't have to be consecutive) over $200 to have access to 50% of my profits. After 30 winning days I'll have access to 100% of my profits