PROP TRADING 101
Never heard of a prop firm? No problem. This page walks you through the whole thing in plain English: what a prop firm is, how you get funded, and how you get paid.
● LAUNCH 50K AT A GLANCE
$29.50
TO START
$3,000
PROFIT GOAL
90%
YOURS
With code PS26 for new traders. Regular price $59 every 30 days.
WHAT IS A PROP FIRM?
A proprietary trading firm (prop firm for short) gives traders an account to trade. You pay a small fee to prove your skills first. Once you do, you trade and keep most of what you make.
✕ You fund the whole account yourself, often thousands of dollars.
✕ Every losing trade comes out of your savings.
✕ You learn alone, with no one helping you manage risk.
✓ Start a $50,000 account for $29.50 every 30 days with PS26.
✓ Your cost is the fee. Your savings stay in the bank.
✓ Clear rules keep your risk in check while you learn, with free daily coaching on YouTube.
✓ Pass, and you keep 90% of the profit you make.
HOW IT WORKS
Here's the path on a Launch 50K, step by step.
01
Trade a $50,000 practice account. Reach $3,000 in profit while keeping losses inside the $2,000 drawdown. You can pass in as few as 2 days, and billing stops the moment you pass.
02
Pay the one-time $99 Launch fee to unlock the Buffer stage, then make another $3,000. If it doesn't go your way, only the buffer resets. Your passed evaluation still counts.
03
Now you're Sim Funded. Request a payout any weekday on profit above your buffer, with a $500 minimum. You keep 90%, and requests in by 11am ET are processed the same day.
04
Reach $10,000 in total profit and our risk team reviews you for a live brokerage account, with no profit caps and no payout caps.
THE LINGO
Evaluation
Your tryout. A practice account where you show you can hit the profit goal while following the rules. No real money is at risk.
Profit goal
What you need to make to pass. On a Launch 50K, that's $3,000.
Drawdown
How far your account can drop before it fails. A Launch 50K has $2,000 of room. It follows your highest end-of-day balance, updates once a day at 6pm ET, and only moves up.
Consistency
Makes sure one lucky day doesn't carry everything. Divide your best day by your total profit, and it has to stay under your plan's limit. Example: a $900 best day out of $3,000 total is 30%.
Buffer
A cushion of profit you build once, right after you pass. After that, payouts start, and you never rebuild it between payouts.
Contracts
The size of each trade. A Launch 50K lets you trade up to 5 mini or 50 micro contracts at a time. Micros are 1/10 the size, which makes them great for learning.
WHY START WITH LAUNCH
Launch is BluSky's lowest-cost plan, and PS26 cuts it in half: $29.50 for a $50,000 account.
Blew the evaluation? Reset it for $49 and keep going. If your account has failed when your subscription renews, the reset is free.
Catch free daily coaching on our YouTube channel and ask anything in our Discord with 10,000+ traders.
READY FOR LIFTOFF?
New traders get 50% off a Launch 50K with code PS26. Click below and it's already applied. Join the traders we've paid over $15M.
PS26 is for new customers. $29.50 is billed every 30 days until you pass (regularly $59). The one-time $99 Launch fee is due only after you pass. Checkout opens on BlackArrow, and you can switch platforms there.