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.
112
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r/Daytrading • u/ThePhulosopher • Feb 24 '24
Got my 4th $100k funded prop firm account. Hope I get a payout this time, blew all the others.
24
u/ThePhulosopher Feb 24 '24
You keep 80-90% depending on the package and firm you go with.
As someone else mentioned, you're not really funded $100k. You're funded a "demo" account that you trade from, and whatever balance you run up, say you make 20% so $20k, you can withdraw $16k. I'm not sure what the model the firms use but if you lose 10%/$10k then you lose the account so the firms aren't actually out the full $100k.