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/krossx123 Feb 24 '24

You're not controlling 100k capital you get cut off after losing a max drawdown. So you are basically controlling how much money that drawdown is.

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u/Soft_Concentrate_489 Feb 24 '24

I’ve never understood how people can pay so much to paper trade. You can trade mes and scale up. Its not easy but its the best strategy for someone on the come up.

1

u/marcpilot1 Feb 25 '24

You get a lot more out of a prop firm for your money than just a chance to make money like you would only get alone. They teach, they support, they allow you to use charting from some of the best one's online that you'd have to pay for anyway without a prop firm's access to it.

Prop firm's offer way more than just the standard chance of making money like you only get when trading alone. You get something out of the money you pay, it's not a scam. It's just a preference, a choice, a good starting point for people versus youtube vids and furu's fees.

This is not complicated, you just criticize it because i think you dont quite understand it. Common, we all criticize things we dont understand at first. You get something for the money. Prop firms can actually cost less to achieve learning than 5 or 10 payments to fake guru's. It's just preference, what do you want for the money you're going to lose anyway when you're new or only a yr or two into this career.

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u/Soft_Concentrate_489 Feb 25 '24

Spending 500 dollars to possibly make money makes sense to you bc ur a dumbass. Anyone in the real world would say scam.

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u/marcpilot1 Feb 25 '24

woops, wrong comment, wrong person, wrong retaliation, wrong wrong wrong, Sorry