Are you an aspiring trader looking to enhance your skills and access real capital? Take Profit Trader offers an incredible opportunity to trade futures and other financial instruments without putting your personal funds at risk. With the help of a structured evaluation system, Take Profit Trader enables traders to prove their abilities, get funded, and keep the majority of their profits. And now, with the discount code “GOOD”, you can enjoy 50% OFF on their evaluation programs, making it more affordable than ever to start your trading journey.
This comprehensive guide will walk you through everything you need to know about Take Profit Trader, their evaluation process, and how to make the most of this amazing discount offer to get started on your path to trading success.
What is Take Profit Trader?
Take Profit Trader is a U.S.-based proprietary trading firm that offers traders a unique opportunity to engage in futures trading without using their own capital. The firm is designed to help traders of all experience levels prove their skills, adhere to risk management rules, and, once successful, trade with real funds from the firm.
Headquartered in Orlando, Florida, Take Profit Trader provides access to popular trading platforms such as NinjaTrader, Tradovate, Rithmic R|Trader, and TradingView. They support a variety of trading instruments, including equity futures, agricultural futures, interest rate futures, foreign exchange futures, metals, and energy futures. These tools and assets make Take Profit Trader a competitive choice for traders who want flexibility in their trading strategies.
Why Choose Take Profit Trader?
There are several reasons why Take Profit Trader stands out as one of the top prop trading firms. From favorable profit splits to fast payouts, Take Profit Trader offers an appealing package for traders at all levels.
1. 50% Profit Split (Up to 90%)
Take Profit Trader initially offers an 80/20 profit split, meaning you get to keep 80% of the profits you generate while the firm takes 20%. Once you reach the Pro+ level, this profit split increases to 90/10, giving you even more incentive to trade profitably.
2. Fast Payouts
The firm is known for its quick payout processing, allowing traders to withdraw their profits with ease. Payments are processed multiple times a week, giving you fast access to your earnings.
3. Affordable Pricing
By using the discount code “GOOD”, you can reduce your entry cost by 50%, making it an excellent opportunity to get started with a fraction of the usual fee.
4. Flexible Evaluation Process
Take Profit Trader has a straightforward and flexible evaluation process, allowing you to pass the test on your terms. Traders are required to meet profit targets while adhering to set risk management rules. There are no time restrictions, so you can take as long as necessary to complete the evaluation phase.
5. No Minimum Days for Withdrawal
Traders can make their first withdrawal without any minimum trading day requirements, making it convenient to access your profits as soon as you start generating them.
Account Sizes and Costs
Take Profit Trader offers five different account sizes that cater to traders of all levels. These account sizes range from $25,000 to $150,000, providing flexibility depending on your goals and experience level.
Here’s a breakdown of the account sizes and costs:
- $25,000 Account: $150/month subscription fee, $1,500 profit target, $500 daily loss limit.
- $50,000 Account: $220/month subscription fee, $3,000 profit target, $1,100 daily loss limit.
- $75,000 Account: $280/month subscription fee, $4,500 profit target, $1,600 daily loss limit.
- $100,000 Account: $320/month subscription fee, $6,000 profit target, $2,200 daily loss limit.
- $150,000 Account: $360/month subscription fee, $9,000 profit target, $3,300 daily loss limit.
By using the discount code “GOOD”, you can save 50% on these subscription fees, making it much easier to get started on your trading journey.
How to Get Funded with Take Profit Trader?
To start trading with a funded account at Take Profit Trader, you’ll need to go through a single-phase evaluation process. Unlike some other prop firms that have multi-phase evaluations, Take Profit Trader keeps things simple with a one-step challenge. Here’s how the evaluation process works:
1. Choose Your Account Size
First, select the account size best fits your trading style and experience level. Remember that your profit target and loss limits will depend on the account size you choose.
2. Meet the Profit Target
To pass the evaluation, you’ll need to meet a profit target. The target ranges from $1,500 to $9,000, depending on the account size. There is no maximum time limit to hit the target, so you can take as long as you need.
3. Follow the Risk Management Rules
Adhering to risk management rules is crucial to passing the evaluation. Here are some key rules:
- Daily Loss Limit: Each account comes with a maximum daily loss limit that you must stay within. For example, the $25,000 account has a $500 daily loss limit.
- End-of-Day Trailing Drawdown: This rule limits how much your account can draw down from its highest balance during a trading day.
- No Overnight or Weekend Positions: All trades must be closed before 5 PM ET each day, and positions cannot be held over the weekend.
- Trading During News: Trading is not allowed one minute before or after major news releases such as Non-Farm Payroll, FOMC, CPI, Crude Oil Inventories, and bond auctions.
4. Get Funded
Once you’ve met the profit target and followed all risk management rules, you’ll be approved for a funded account. You can then start trading with real capital and earn up to 90% of the profits!
Platforms Supported by Take Profit Trader
Take Profit Trader offers access to some of the most popular trading platforms in the industry, providing traders with advanced tools for analysis, charting, and order execution. All of these platforms are available with free licenses for traders.
Here are the supported platforms:
- NinjaTrader
- Tradovate
- Rithmic R|Trader
- TradingView
- Quantower
- Bookmap
- Investor R/T
- MotiveWave
- Jigsaw Trader
- MultiCharts
- VolFix
- ATAS
- Finamark
Each of these platforms offers unique features, such as backtesting, automated trading (for those allowed), and customizable charting, to help traders make informed decisions.
Risk Management Rules
Take Profit Trader places a strong emphasis on risk management, ensuring that traders protect their capital and follow the firm’s rules carefully. Let’s take a look at some of the essential risk management features:
1. Daily Loss Limit
Each account has a set daily loss limit to prevent traders from losing too much in a single day. The daily loss limit ranges from $500 to $3,300, depending on the account size.
2. End-of-Day Drawdown
The end-of-day trailing drawdown rule requires that you do not let your account draw down past a certain level from its highest daily balance.
3. No Holding Trades Overnight
Take Profit Trader focuses on day trading strategies, meaning that traders are not allowed to hold positions overnight or over the weekend.
Benefits of Using Take Profit Trader
There are numerous benefits to choosing Take Profit Trader as your prop trading firm, especially with the 50% OFF discount using the code “GOOD”:
1. Simple Evaluation Process
Take Profit Trader’s evaluation process is straightforward and only requires you to meet a single profit target while following risk management rules. There are no complex multi-phase challenges.
2. Fast Payouts
Traders can enjoy fast payouts with profits processed multiple times a week. You can receive payments through various methods, including bank transfer, PayPal, or Bitcoin.
3. Generous Profit Split
The initial 80/20 profit split gives you the majority of your earnings, and once you reach the Pro+ level, this split increases to 90/10, allowing you to maximize your profits.
4. Flexible Trading Rules
Unlike other prop firms that impose strict rules on their traders, Take Profit Trader offers flexibility, allowing you to take full control of your trades.
How to Use the Take Profit Trader Discount Code “GOOD”?
Ready to get started with Take Profit Trader? Here’s how you can use the 50% OFF discount code “GOOD”:
- Go to the Take Profit Trader website and select your preferred account size.
- Choose an account that suits your needs and trading style.
- Enter the code “GOOD” in the discount code field during checkout.
- The 50% discount will be applied to your subscription fee.
This is the perfect opportunity to start your trading journey with less upfront cost and enjoy the benefits of prop trading.
Conclusion
Take Profit Trader provides an excellent platform for traders to develop their skills and trade with real capital. With its simple evaluation process, generous profit split, and focus on futures trading, it stands out as one of the top prop firms in the industry. By using the discount code “GOOD”, you can take advantage of 50% OFF, making it even more affordable to begin your trading journey.
So, why wait? Head over to the Take Profit Trader website, use the code “GOOD”, and get started on the path to becoming a funded trader today!
