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MILTRADERS Trading Glossary

A quick glossary of common futures and prop trading terms used at MILTRADERS.

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Written by MILTRADERS Team

Account Size — The starting balance of your funded account (50K, 100K, 150K).

Buffer — A small additional amount above your starting balance that protects against minor losses during the first payout period.

Consistency Rule — A rule limiting how much of your total profit can come from a single trading day.

DD (Drawdown) — The decrease from a peak balance. EOD Trailing Drawdown is the maximum allowed.

dxFeed — The institutional market data provider used by MILTRADERS through Volumetrica.

EOD (End of Day) — The close of the trading session, when daily PnL is calculated.

First Payout Target — The PnL threshold you must reach before requesting your first withdrawal.

Funded Account — A live (simulated) account where your profits are paid out by MILTRADERS.

Mini Contract — A standard-size futures contract (e.g., Mini ES = $50 × index).

Micro Contract — One-tenth the size of a Mini contract — useful for smaller position sizing.

PnL — Profit and Loss.

Profit Split — The percentage of profits the trader keeps. MILTRADERS = 90/10.

Reset — Restarting a Challenge or Pro evaluation account by paying a reset fee.

Tick — The smallest price movement of a futures contract. Tick Value — The dollar amount of one tick (e.g., $12.50 for Mini ES).

Trailing Drawdown — A drawdown limit that follows your highest balance until a certain threshold.

Volumetrica — The trading platform used exclusively at MILTRADERS.

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