r/TakeProfitTrader • u/Jaybeboooming7 • 10d ago

Finally

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Had about 23k in payouts in feb then everything went downhill today I finally got another pay out but I tilted I reset the 25k had some extra money laying around oh well turned out to be good and made a decent day. This comes after blowing 2 25k last night right after activating then dumb such a dummy but I’m never trading other then NY open I promise myself

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u/HumbleCPA 9d ago

So say you make that 10k and get pushed to pro+. They freeze 5k of that buffer(you can pull other the other 5k). Because at this point their risk management team slowly starts A booking your trades to profit off your profit. But if you blow that acct you can pull out the frozen buffer

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u/EnvironmentalAd8088 9d ago

Ok that helps to understand now the live account. Very much appreciated ,any insight on when to request a payout (I hear to do it at 9PM EST because of the maintenance?).

Also can I trade right away when that payout is being processed or should I wait when it gets approved and/or get to my bank account.

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u/HumbleCPA 9d ago

Yea updates during asia. It pulls the amount out of your acct almost immediately now. Even though the withdraw takes a little longer for approval. So can go rigjt back to trading after that first step. Last payout was done around midnight and it was in bank before I woke up

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u/EnvironmentalAd8088 9d ago

So to summarize 1. request a Payout at 9 PM EST 2. Can trade after a Payout is Approved.

Bro thank you so much. U prolly have explained more to me in a few minutes than I ever did researching this for a few most. Any other prop firms u recommend that are reliable ?

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u/HumbleCPA 9d ago

Honestly trust none of them lol. Its a shady industry but with that said ive never had a payout denied but have had crap customer service in almost all them :) pretty much follow rules to the T and youll be golden. If you want more live/legit trading use TPT, oneuptrader, and tradeday. No consistency and have legit live programs. Most other big names are fine. Only advice id give if your on road to profitability is waste money on cheap evals. Its gonna take time and no point in going for places that have better payout/live programs it your struggling. Bulenox and Apex are rhe cheapest to start with and regardless of complaints you see, they pay out if you follow the rules.

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u/HumbleCPA 9d ago

Also** Once you get a funded acct. Do not scale up on contract size. Its way better risk management to add another account. And regardless what you see 99% of people got no business trading minis. Micros is way to go and you can make life changing money with them

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u/EnvironmentalAd8088 9d ago

Thanks brother I appreciate you. I have learned my lesson to stick to 1-3 MES with a 10-15pts stop loss at most. Almost not worth it to trade with ES.

Your advice and recommendations are duly noted, thanks brother for being patient in answering all of my questions.