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In this latest episode of the We Are Fund Trading Plus podcast, host Joshua sits down with Simon Massey, CEO of Funded Trading Plus, to tackle an intriguing question many traders are curious about: Is it possible to pass a funded trader evaluation and get a payout in just one day? With a mixed response from the trading community—62% believing it’s possible and 38% saying it’s not—this episode dives deep into the realities, risks, and myths surrounding quick evaluation passes.
The Allure of Quick Success: Is It Realistic?
For many traders, the goal is to move past the evaluation phase as quickly as possible and start trading with a funded account. However, this rush to success often leads to risky trading behaviors. Simon highlights a common pitfall: traders trick themselves into thinking they can take on more risk during the evaluation phase, only to “calm down” once they’re funded. Unfortunately, as Simon puts it, “that never usually happens.” Many fall into a toxic cycle of rushing through evaluations, failing, and spending more money in the process.
Passing a Funded Evaluation in One Day: Myth or Reality?
Funded Trading Plus does offer the flexibility for traders to pass an evaluation in a single day. Unlike many other platforms, there are no restrictions on minimum trading days or trades. Simon acknowledges that while it’s possible to pass in a day, it’s rare and often comes with heightened risks. Traders who achieve this typically either take small, sensible gains throughout the day or take significant risks that could easily backfire.
As Simon says, the most successful traders focus on consistent, long-term gains rather than rushing to pass an evaluation quickly. When asked if he’s seen traders pass and receive payouts on the first day, Simon admits it does happen but notes that “most of the time, people passing in a day are taking far too much risk.”
The Dangers of Rushing Through Evaluations
Rushing to pass an evaluation can lead to more than just failure; it can foster poor trading habits that are hard to break. Simon explains that traders who rush often “chase moves” or “average into a trending market,” which can result in inconsistent outcomes. Even those who pass quickly often find themselves stuck in a cycle of “booming and busting,” where they succeed for a short period but ultimately fail.
To break this cycle, Simon advises traders to reduce their lot sizes and focus on improving their trading psychology and trade logging. This more patient approach helps traders develop behaviors that will serve them for years, rather than just one day.
Social Media’s Influence on Unrealistic Expectations
One of the major factors contributing to this rush for quick success is the influence of social media. Many traders see others flaunting their one-day evaluation passes or massive gains, and they start to believe they can replicate the same success. Simon cautions against this mindset, reminding traders that while quick success stories exist, they are not the norm. Instead, traders should be realistic about the time and effort required to become consistently profitable.
A Sensible Approach to Funded Trading Evaluations
Funded Trading Plus offers traders a unique opportunity with flexible withdrawal options from day one. This is designed to benefit traders who want the freedom to cash out after a successful evaluation without being restricted by unnecessary time limits. However, Simon stresses that traders should aim for sustainable, long-term success rather than chasing quick wins.
To ensure a better evaluation outcome, traders should focus on consistent, small gains over time. This not only reflects a more sustainable trading strategy but also helps reveal a trader’s true skill set over a larger sample of trades.
Key Takeaways for Aspiring Funded Traders
- It’s possible, but risky: Passing a funded evaluation in one day is not impossible, but it’s rare and usually involves taking excessive risks. Most successful traders take a more measured approach.
- Avoid the toxic cycle: Rushing through evaluations often leads to failure and spending more money on re-evaluations. Focus on developing good trading habits and take your time.
- Consistency is key: The most successful traders aren’t trying to make all their money in one day. They aim for consistent, long-term profitability.
- Reduce risk, improve psychology: Lowering your lot size and focusing on trade logging and psychology can help improve your chances of passing evaluations without falling into bad habits.
- Social media can mislead: Don’t be swayed by the quick success stories on social media. The reality is that most traders who rush their evaluations ultimately fail.
Conclusion: Focus on Long-Term Success
While the allure of passing a funded trader evaluation in one day is strong, it’s important for traders to be realistic about their goals. Simon Massey and the team at Funded Trading Plus emphasize the importance of developing sustainable trading practices and avoiding the temptation to rush. For those serious about becoming successful funded traders, the focus should be on consistency, risk management, and long-term growth.
Stay tuned for the next episode of We Are Fund Trading Plus, where more trading myths will be debunked and insightful advice shared to help you succeed in the funded trading world.