Take Profit Trader is a prop trading firm that offers traders the chance to access significant capital without risking their own money. The process of becoming a funded trader is transparent, straightforward, and rewards discipline and skill. Here’s how you can become a funded trader and maximize your trading potential with Take Profit Trader.

Step 1: Sign Up and Choose Your Account Size

Begin by signing up for an Evaluation Account on the Take Profit Trader platform. You can choose from account sizes ranging from $25,000 to $150,000, depending on your trading goals. The cost of the evaluation varies based on the account size. Remember to use the code "CHOOCH" at checkout to receive a 50% discount on your evaluation fee.

Step 2: Navigate the Evaluation Process

The evaluation process at Take Profit Trader is designed to assess your ability to trade profitably while adhering to specific risk management rules. Here’s what you need to know:

• Profit Target: To pass the evaluation, you need to meet a profit target, typically set at 6% of the account size. This ensures you can generate consistent profits under real market-like conditions.

• Minimum Trading Days: You must trade for a minimum of five days during the evaluation period. This rule ensures that your success is based on consistent trading rather than just a few lucky trades.

• Risk Management Rules:

  • Daily Loss Limit: Each account has a daily loss limit that you must not exceed. For example, a $50,000 account has a daily loss limit of $1,100.
  • Trailing Drawdown: The evaluation also includes a trailing drawdown calculated at the end of each trading day, helping to enforce disciplined trading practices.

• Manual Trading Only: Automated trading is not allowed during the evaluation, ensuring that your trading skills, not algorithms, are what’s being tested.

Step 3: Pass the Evaluation

To qualify for a Funded Account, you must meet the profit target and adhere to all the risk management rules. The evaluation is designed to be transparent, with clear guidelines that encourage responsible trading behavior.

Step 4: Transition to a Funded Account

Upon successfully completing the evaluation, you will be granted a Funded Account. Here’s what this entails:

• Simulated Environment with Real Profit Potential: Although the trading is still conducted in a simulated environment, your profits are real. The firm handles the capital, allowing you to withdraw your earnings as cash once you generate profits.
• Profit Sharing: In your Funded Account, you keep 80% of the profits you generate. By upgrading to a PRO+ account, you can increase this share to 90%.
• Immediate Withdrawals: You can withdraw your profits from day one, with no restrictions on the amount you can withdraw as long as you maintain the required account balance.

Step 5: Continue Trading and Scale Up

With a Funded Account, you can continue to trade and potentially scale up your account size as you demonstrate consistent profitability. Take Profit Trader’s structure allows you to grow your trading career over time.

Key Rules to Keep in Mind

• No Overnight Positions: Positions must be closed before the end of the trading day, and trading during major news events is prohibited to manage risk effectively.
• Risk Management System: Take Profit Trader employs a robust risk management system to protect your account and ensure long-term sustainability.

Don’t Miss the Discount

By using the referral code "CHOOCH" during your signup, you can receive a 50% discount on your evaluation account, making it an even more attractive option to start your journey with Take Profit Trader.

Conclusion

Becoming a funded trader with Take Profit Trader is a structured process that rewards discipline and skill. By following the steps outlined above, you can demonstrate your trading abilities, adhere to risk management rules, and begin trading with the firm’s capital. With the added benefit of a 50% discount using the code "CHOOCH," now is the perfect time to take the first step toward a successful trading career.

To learn more or start your evaluation, visit Take Profit Trader today.

Disclosure:

• As an affiliate, we earn from qualifying transactions.