The evolution of TradeDay - Why we made these changes
Since our launch TradeDay has differentiated itself from the other players in the industry with its wealth of institutional trading experience, offering a more rounded and professional package, with institutional-grade trading research and tools, and funding traders with real money, in real live markets. This means zero restrictions on payouts.
TradeDay is changing and is even better for every trader
As you will see on the new TradeDay site, TradeDay is evolving. But before we get into the changes that will benefit our traders, let’s look at why we are making these improvements.
What has driven these decisions?
At its heart, TradeDay is building a global proprietary trading group.
We have been in business since November 2021, and we started funding our first traders in February 2022. We now have just over a year of data on our trading group.
We have also collated over a year of feedback from our traders, partners, and the broader trading community.
We are also very aware that the competition in the Futures ‘SIM to Funding’ space has grown tremendously, and recognize that in order for TradeDay to remain the destination of choice for traders looking for funding, we need to evolve our business to meet these expectations of the marketplace.
With these points in mind, we are excited to announce the following changes.
Existing TradeDay members
For traders on our current evaluation plans, there is no change, you can continue to take your evaluation with the same objectives, rules, and payouts.
If you wish to change over to the new evaluations, you will need to cancel your current membership and sign up again. Please note that any progress you have made on your current evaluation will be lost. If you need assistance with this please contact support@tradeday.com
New TradeDay members – objectives and rules
For new members, with immediate effect, we are implementing the following changes:
- Higher profit targets. We have increased the profit targets but ensured we are still the lowest in the business!
- Tighter Trailing Max Drawdown (TMD). We have made the maximum amount you can lose less. This is because we are doing away with the daily stop-loss limit!! AND we are still leading the industry, by calculating the TMD on end-of-day trading balances.
- No more daily stop loss limits. We have done away with the daily stop-loss limit. So no more failed evaluations for hitting a daily stop.
- Bigger trading limits and no scaling rule to break. To reduce the restrictions on the trader and reduce the number of rules, we are giving larger fixed position limits. These limits map from the evaluation to the funded accounts. For funded traders we can continue to scale the position size over and above these new fixed limits with discretion – we want you to be the biggest trader you can be!
- Minimum trading days reduced from 15 to 10. New traders will now only have to trade for 10 days before completing this objective to qualify for funding.
- BETTER PAYOUT!! Funded traders in these new programs will now receive 100% of the first $10K profit and 90% thereafter!!
We also now have more options
- More choice of funding levels. We now offer six different levels of funding!
- Love TradeDay but don’t need funding? For those that love what we do, and the tools and resources we offer, for just $39 a month you can get full access to our site without the option of an evaluation.
Top takeaways
We have tried to simplify and streamline the evaluation process, have fewer rules and restrictions, and give traders more flexibility to trade how they want to trade.
Now it’s as simple as: here is your profit target, here is your trailing maximum drawdown, and here are your position limits….off you go. And if you can make the profit target while remaining consistent in your approach, you get funded!
At the same time, we wanted to remain true to our core value of funding traders in the live markets so we are aligned. TradeDay – real funding – no BS.
So, welcome to the new look TradeDay, we trust you like and appreciate the updates.
Have a great trading day!
