Auto-generated transcript below — expect the occasional typo and a lot of trader slang.
Transcript
day. Three day 2.0. — Fast moving this look. Ah. — So basically they have It was a little confusing at first when I was going through it. But they have uh — Which of the original fast passes? — The quick pay is basically the original. — Okay. — Okay? But there’s some changes there’s some subtle changes. But the quick pay is the original. — Okay. — You still get paid on day
one. You still got to do five days minimum trading days 30% consistency rules. But now on all these accounts — They lowered it cuz that was like 70 80% — it because it’s they lowered it because it’s 50% off and not 30% off. — Ah, okay, cool. — But But here’s the funded every single one of these accounts — Mhm. — If you look every single one of them has a 4K
buffer. So what what used to be was a two $2,000 buffer on the on the 50K $3,000 buffer on the 100K and then a $4,000 buffer on the 150K. Now they’re all the same. But you could take a you could take a payout if you get to $250 in profit on day one. If you wanted to. You would do it at a 50/50 split though. And then — Wait, all right. Hold
on. — If you get over the buffer it’s it’s If you get over the buffer anything over the buffer is 80/20 split. But if you’re at like a $1,000 in profit you could request I’m pretty sure you could request 50K I mean not 50K uh 1,000 bucks. I’m not really sure. It has to be at least 250 though. — I I got a question. — But it would be at a penalty
for 50/50 split. You know what 50/50 split? — I got a question. So I pass this account and then on day one I make 500 bucks. I can take 250 out. — You might be able to take out 500. But you’ll get 250. — Yeah, yeah. That’s what I’m saying is I’m going to get 250. — sure that how that’s how it works now. — So you get paid — They always
let you do the profit split. They always let you go into the buffer for a 50/50 split, but I didn’t think it was I’m pretty sure before they made this change that it was you had to get over the buffer first before you could do it. — Yeah, but this is So, basically I once I pass — The quick pay The quick pay is daily payouts. It’s like the original plan. —
Ah. — But at at a penalty. I don’t know. It’s weird. — Yeah, but so say I make say I make $500 on day one. They take $500 out of my account, 250 goes to me, and then my drawdown is still 1,500. — I’m not sure. I’m not sure. I’m going to find out though. — How you going to find out? Doing it? — Yeah. You know, and you have your choice
actually. — have I want to find out, bro. Like I want to find out today. — I yeah, I don’t know. I haven’t done it yet. I don’t know anyone who has. Uh they just rolled this out and it’s 5 days to pass just like the original thing, but Uh you do end of day. That’s how it’s always been. You could do end of day end of day and
then The other difference is when you’re funded, it’s intraday only. Used to have the option of intraday or end of day like depending — Also, you do intraday when when you go funded on intraday, it’s still And when you go funded on end of day, it’s still intraday. — On the quick pay plan. This is basically like Take Profit Trader now. — Yeah, yeah, yeah, yeah. So, the end of day —
80/20 split. — Yeah, yeah. End of day is only for the eval phase. — And then the fast pass is you only could buy end of day. And but the funded is end of day. Basically, the fast pass is like a Lucid. It’s a Lucid Flex. So, now another like based on what like just like Rick said, every firm is basically the same now. Literally, every prop firm offers this type of
plan. — Yeah. — Topstep was the first one, the original one. Then Lucid came onto the scene and they started They came out with their own version of Topstep’s original plan. And Lucid basically surpassed a lot of firms. — Yeah. — And now every firm started copying Lucid basically by doing you know, saying, “Oh, it worked for them, too. So, we’re going to introduce a plan that. So, here’s
Trade Day’s version of it. Apex did it, too. Here’s Trade Day’s version of it. My Funded Futures has it, but you know, it’s the same thing. The only difference is it’s 80/20 split on this as opposed to 90/10 on Lucid. But, I don’t know, some people trade firm some people trade different firms better even if the plans are the same. It’s weird. It happens to you. — Yeah, I don’t trade Trade
Day great, to be honest with you. I It’s something about the 5-day to pass that always hoses me. The and the consistency like with TPT, I can go half and half. — Yeah. — When I roll When I roll with that, it’s that 30% is always like No, cuz you’re 30. You do You know, say you 25 25 25, and then all of a sudden I You know, all
of a sudden now I go back, and I’m like, “Jesus.” Like, you know? It’s one of those things. You got to be green like really like four straight days. — Yeah, it’s hard. Like, I blew I blew Well, I blew four Take bro uh four Trade Days you about to say it, but I had a I had a group of three that that were actually the 1.0, the original
plan. — Yeah. — End of Days. And I think I was up 1,100 bucks after a couple of days of trading, and then today I blew them cuz I’m a idiot, but that’s besides the point. But, yeah, it’s tough. You know, I’ll take profit Trade is the same way with the 5 days, but at least it’s a 50% consistency rule, you know? But, I mean, I
don’t The the The difference though on the fast pass though, here’s the thing I didn’t say. The fast pass is you can pass in 3 days, and it’s a 45% consistency rule. — Yeah, yeah, yeah, yeah. That That’s — not as bad. The fast pass is interesting, but like, okay, you do it cuz you like trading with Trade Day. I You don’t need like There’s every If I feel like every firm
has a plan that’s that’s like this. — Honestly, I’d probably do the quick pace, honestly. — Yeah, cuz that, you know, if you’re going to do the fast pass, you might as well do — If you’re going to trade 3 days, might as well trade 5, like, you know. — Yeah. I don’t know. It just depends. They’re not bad. I do like the the idea that you you could you could withdraw
but it’s at a penalty. It’s a 50/50 split but like — Yeah, I’m down with that. If that’s — I mean for 175 bucks you could have a funded 150k with $4,500 of trailing drawdown. And you just need to you know — I just don’t know how they they kind of like they’re not degen friendly but I don’t know. Like I don’t know how they’re going to — act if you start
taking payouts at a 50/50 split every day. I don’t know how they’re going to act. You know. — Oh, you mean like make 500, take out half. — Yeah, they might be like they can’t do that. Like they might be like uh — Yeah, every day — you might as well get a live sooner. You might well I think you got to do 10,000 in profit now instead of 5,000 to be
evaluated for live but — Yeah, but every day yeah, if you’re taking out 250 well, you know, taking 500 really you get 250 like 250 250 250 they might say like yo man, like you got to renew this you got to get to the buffer soon. — Yeah, so I you know, I don’t I don’t know. — No, I’m with you. I get it. I get it. I mean
it makes sense. You know what I’m saying? — Yeah. — Um yeah, I mean listen, I I like it. The 62 bucks kind of peaks my interest. — Yeah, it’s a cheap account that you could you know they’re going to pay. They’re not scumbags. — Yeah. — I’ve had an issue getting a payout from Trade Day ever. — Yeah, no. Sure, I mean they’re definitely going
to pay you. I I’ve never heard of anyone having a — You know. — Yeah, no Rick that exactly. You base that’s what I would do is I would get to 500 bucks, take my money out and then I would free roll the rest cuz you get your 62 bucks back and then literally the other you know, 180 bucks I’d probably grab two more accounts to see if I can get one
of those over and that’s how I’d build my accounts up. — Yeah. — You know. — Yeah, there’s definitely a way to play it. You know what I mean? — Dude, I’ll be honest with you. I mean, this is what somebody’s going to eventually do if that’s how it works. Is Is that trailing drawdown also? Yeah, right? The funded? — Uh on the quick pay? — Yeah. — Intraday trailing no matter
what. — Yeah. I was just saying somebody’s just going to because you get paid on day one even if you don’t go over a buffer.
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