TradeDay - Guide, Rules, Review, and Discount
Last updated
Last updated
Copyright © Lune Trading. Disclaimer: Past performance is not indicative of future results. Our content is for educational and informational purposes only, reflecting our perspectives and not professional financial advice. Trading and investing is risky.
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TradeDay is a proprietary trading firm that specializes in futures trading, providing traders with the opportunity to access funded accounts ranging from $10,000 to $250,000. With over 80 years of combined experience in the industry, TradeDay has designed a trading evaluation and funding program that emphasizes profitability, consistency, and risk management. Its trader-friendly structure includes a straightforward evaluation process, access to professional-grade trading platforms, and one of the most flexible payout systems in the industry.
TradeDay offers a range of benefits that make it one of the most accessible and attractive proprietary trading firms:
100% Profit on the First $10,000: Keep the first $10,000 in profits, with a 90/10 split thereafter.
No Fees on Withdrawals: Traders can withdraw their profits without incurring any withdrawal fees.
Free Resets on Subscription Renewals: TradeDay offers complimentary resets when renewing your monthly subscription, allowing for a smoother evaluation process.
Access to Top Trading Platforms: TradeDay supports TradingView, NinjaTrader, Tradovate, and Jigsaw Trading.
Low Monthly Fees: Starting at $99, TradeDay’s affordable monthly fees make it accessible to traders of all levels.
No Daily Loss Limit: TradeDay allows traders to focus on their strategies without worrying about daily loss restrictions.
Flexible Payouts: There are no restrictions on the frequency or amount of withdrawals, offering traders maximum flexibility.
TradeDay’s program consists of an evaluation phase, during which traders must demonstrate their ability to trade profitably while adhering to specific rules. Upon passing the evaluation, traders are awarded funded accounts, enabling them to trade with real capital provided by TradeDay.
1. Evaluation Account:
Start with a simulated account where you must meet a specified profit target without exceeding the trailing drawdown.
The evaluation requires traders to trade for a minimum of 10 days, focusing on consistency over luck.
2. Funded Account:
Once you successfully pass the evaluation, you receive a funded account ranging from $10,000 to $250,000.
Withdrawals are available with no restrictions, and you can keep 100% of the first $10,000 in profits.
TradeDay offers multiple account sizes to suit various trader needs. Each account comes with its own evaluation profit target, trailing drawdown, and corresponding monthly fee:
$10,000
$99
$1,000
$1,000
$25,000
$125
$1,500
$1,500
$50,000
$165
$2,000
$2,000
$100,000
$275
$3,000
$3,000
$150,000
$350
$4,000
$4,000
$250,000
$750
$5,000
$5,000
TradeDay enforces several rules to ensure traders follow a disciplined and consistent approach to trading:
Minimum Trading Days: Traders must trade for at least 10 days during the evaluation phase.
Maximum Daily Profit Cap: Traders cannot exceed 30% of their total profit in a single trading day to ensure consistency.
Trailing Drawdown: A key risk management rule, the trailing drawdown adjusts upwards as profits are earned, but freezes once it reaches the starting balance.
News and Weekend Trading: News trading and holding positions over the weekend are not allowed, protecting both the trader and the firm from extreme market volatility.
Consistency Rule: No single day’s profits can represent more than 30% of the total profits in the account, ensuring that traders are not relying on lucky trades.
To successfully pass the TradeDay evaluation and become a funded trader, follow these best practices:
Develop a Consistent Strategy: Focus on a well-defined trading plan and stick to it throughout the evaluation period.
Monitor Your Risk: Ensure you are adhering to the trailing drawdown limits and practicing sound risk management at all times.
Track Your Performance: Keep a detailed trading journal to analyze your performance and make data-driven adjustments to your strategy.
Understand the Rules: Fully understand and comply with the evaluation’s rules, including the consistency rule and the 10-day minimum trading requirement.
TradeDay offers a highly competitive profit-sharing structure that rewards traders for their performance:
100% of First $10,000 in Profits: The first $10,000 you make is entirely yours to keep.
90/10 Profit Split Beyond $10,000: After your first $10,000, TradeDay takes only 10% of your profits, allowing you to retain 90%.
No Withdrawal Fees or Restrictions: TradeDay does not charge any fees for withdrawing profits, and there are no limits on the amount or frequency of withdrawals.
TradeDay offers a compelling proposition for futures traders seeking a funded account with minimal restrictions and a clear path to profitability. With its competitive pricing, low profit targets, and flexible rules, TradeDay is particularly suited to beginner and intermediate traders looking to establish themselves in the futures market. The firm’s focus on education, coupled with a trader-friendly payout structure, makes it a standout option for anyone serious about growing their trading career.
For those looking to take the next step in their trading journey, TradeDay provides an excellent balance between opportunity and support, helping traders gain real capital without the heavy risks associated with trading their own money.
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