Key DayTraders terms, using the names you'll see across the Help Center.
Term | Meaning |
Evaluation | A simulated account where you prove your strategy by reaching the profit target within the rules. |
Pro Account | The simulated funded account you activate after passing an evaluation. It earns payouts. |
S2F | Straight to Funded: a simulated funded account with no evaluation (Instant at checkout). |
S2L | Straight to Live: a simulated evaluation with a set path to a live account (Live at checkout). |
Live account | An account that trades in live markets, from S2L or by invitation from the firm. |
Profit target | The profit you need to pass an evaluation, net of commissions. |
Max drawdown / drawdown level | The most your account can lose. The drawdown level is the balance you must stay above; touching it fails the account. |
Intraday trailing / EOD trailing / Static | How the drawdown level moves: with your peak balance in real time, only at the end of each trading day, or never. |
Daily Loss Limit (DLL) | The most you can lose in one trading day, measured from that day's starting balance. Hitting it pauses the account. |
Trading day | 6:00 PM to 4:59 PM ET the next day. |
Minimum daily profit | The smallest daily profit that counts toward Qualifying Days and the activity requirement. |
Qualifying Day (QDay) | A trading day that meets the minimum daily profit, follows the rules and ends within consistency. |
Consistency | Your best day's profit as a percentage of your total profit. Each plan sets a maximum. |
Failed / Paused / Inactive | Failed: the drawdown was touched and the account is closed. Paused: the DLL was hit; trading resumes at 6:00 PM ET. Inactive: the activity requirement was missed and the account is closed. |
Dashboard | Your member area on daytraders.com for accounts, billing, activation and payouts. |
Payout Method | Where payouts go: your bank through Plane, or your DT Wallet. |
DT Wallet | DayTraders credit from a payout, usable for one-time purchases. It can't be withdrawn as cash. |
Rithmic / rTrader Pro | Rithmic provides your accounts' market data and order routing; rTrader Pro is its trading platform. |
Mini / micro | Contract sizes. 10 micros count as 1 mini toward your max contracts. |
Slippage | The difference between the price you expected and the price your order filled at. |