Glossary / Prop firms
Funded account
Definition
The live or simulated account you trade after passing an evaluation.
Why it matters
Rules usually stay in force after funding, and most accounts are lost in the first month because traders size up immediately.
Example
After passing on a $50,000 account, traders commonly double their contract size on day one. A single 2-contract loser can then break a drawdown rule that a 1-contract loser would not have touched.
How to track it in a journal
TradeStack calculates the core performance numbers — win rate, average win and loss, profit factor, expectancy, drawdown and consistency — automatically from imported trades, so funded account stops being something you estimate and becomes something you read.
Related terms
Trailing drawdown
A drawdown limit that moves upward as your account makes new highs.
Daily loss limit
The maximum you can lose in one trading day before the account is breached.
Profit target
The gain required to pass an evaluation phase.
Consistency rule
A requirement that no single day makes up more than a set share of total profit.
Questions that use this term
Keep reading
Trading journal guides
Expectancy, profit factor, drawdown, backtesting and the PDT rule.
Free trading calculators
Position size, risk-reward, expectancy and options profit.
Expectancy calculator
Expected profit per trade from your own numbers.
Broker CSV export guides
Step-by-step exports for Tradovate, NinjaTrader, IBKR and more.
Stop estimating your numbers
TradeStack is a free trading journal that calculates them from your own trades.
Start free