Pivex Guides
Guides and explainers for funded traders:
challenges, risk, payouts, and market literacy.
A Comprehensive Guide to TradingView Prop Firms
A TradingView prop firm is a proprietary trading firm that lets you trade using the TradingView platform, funding you with its capital instead of your own. You pass a paid evaluation, then trade a funded…
Trailing vs Static Drawdown: A Comprehensive Comparison
Static drawdown is a fixed loss limit set from your starting balance, and it never moves. Trailing drawdown follows your account's highest balance, rising as you profit and locking in your gains. Static…
What is End of Day Trailing Drawdown?
End-of-day trailing drawdown is a prop firm risk rule that sets your maximum loss level and moves it up only after the market closes. It trails your account's highest end-of-day balance, not intraday…
What is Prop Trading? A Complete Overview
Prop trading (proprietary trading) is when you trade with a firm's capital instead of your own money. You typically pass an evaluation to prove your skill, then trade a funded account and keep an agreed…
What is the Consistency Rule in Prop Firms?
The consistency rule in prop firms limits how much of your total profit can come from a single day. Most firms set a percentage cap on your best day, such as 30% of total profit. You must meet it before you…
What is Trailing Drawdown? A Complete Guide for Traders
Trailing drawdown is a moving loss limit that follows your account's highest balance. As your profit grows, the maximum you can lose before breaching the account rises with it. Unlike a fixed, static limit,…
How to Choose the Right Prop Firm: A Complete Guide
To choose the right prop firm, match the firm's rules to how you actually trade — not to the lowest evaluation fee. Weigh six things, roughly in order: the drawdown model, the funding model, the profit split and…
How to Day Trade with Less Than $25k: Strategies and Insights
As of June 4, 2026, you no longer need $25,000 to day trade a U.S. margin account. FINRA eliminated the Pattern Day Trader (PDT) rule and its $25,000 minimum, replacing it with intraday margin rules…
How to Day Trade Without Your Own Capital: Strategies for Success
You can day trade without your own capital in three honest ways. You can practice on a demo or simulator. You can pass a proprietary (prop) firm's evaluation and trade its money. Or you can use a cash account to…
How to Get a Funded Trading Account: A Step-by-Step Action Plan
To get a funded trading account, you choose a proprietary ("prop") trading firm and pay for an evaluation. You then prove you can hit a profit goal while respecting the firm's risk limits. Pass the test, and the firm…
How to Get Around the Pattern Day Trader Rule: A Comprehensive Guide
Here's the short answer: you may no longer need to. As of June 4, 2026, FINRA eliminated the pattern day trader rule and its $25,000 minimum equity requirement, replacing it with intraday margin standards…
How to Get Capital to Start Day Trading: A Complete Guide
You can fund day trading four main ways: your own savings, a margin brokerage account, a proprietary firm's capital after an evaluation, or borrowed money (rarely wise). How much you need depends on your market and…