Tradeify Select Daily Plan Explained

The Tradeify Select Daily Plan is a hybrid futures prop firm plan designed for traders who want the flexibility of no daily loss limits during the evaluation phase but prefer frequent (daily) payouts once funded.

40%

Start: 2 minis / 20 micros
• $1,500 profit: 3 minis / 30 micros
• $2,000 profit: 4 minis / 40 micros (max)

• Balance 0 → Drawdown: 2 mini / 20 micro
• Above Drawdown: 4 mini / 40 micro

You become eligible for a Tradeify Elite Live account once you reach 5 total payouts as a user (tracked across ALL your accounts combined).
You can withdraw below buffer

Stage 1: The Evaluation

The “Select” evaluation is great because it feels less restrictive, but that can be a trap if you’re undisciplined.

• The Vibe: You have no daily loss limit. If you’re down $800 in a session, the account doesn’t fail (unless you hit the total drawdown). Plus, it uses End-of-Day (EOD) Drawdown, meaning your “trailing” line only moves at the end of the day, not while you’re in a trade.
• ⚠️ DON’T FORGET:
  • The 40% Rule: You cannot “YOLO” one massive trade to pass. No single day can account for more than 40% of your total profit. If you hit your target on Day 1 with a huge trade, you’ll have to keep trading (and making more profit) to “balance” it out.
  • The 3-Day Minimum: Even if you’re a god-tier trader, you have to trade for at least 3 days. Don’t rush it.
  • The “No Limit” Trap: Just because there isn’t a hard daily loss limit doesn’t mean you should trade like a maniac. If you lose too much, you’re still eating into your total drawdown.

Stage 2: The Funded Daily Account

Once you pass, you choose the “Daily” payout option. This is where the rules change significantly, so pay attention.

• The Vibe: You keep 90% of the profits. You can request a payout every single day. This is amazing for psychological “wins.”
• ⚠️ DON’T FORGET:
  • The Daily Loss Limit is BACK: This is the biggest shock for people. The “No Daily Loss Limit” rule only applies to the evaluation. Once you are funded on the Daily plan, Tradeify puts a daily loss limit on you to protect their capital. Don’t carry over your “wild” eval habits here.
  • The $1,000 Cap: On a 50K account, you can usually only pull out $1,000 per day. It’s daily, but it’s capped.
  • The Drawdown Lock: Your drawdown trails your profit until it hits your starting balance + $100 (e.g., $50,100). Once it’s there, it stays there forever.

Stage 3: The Elite Live Stage (The “Big Leagues”)

After you take 5 payouts from your Sim account, you are eligible to move to Elite Live. This is where your correction comes in.

• The Vibe: You are now on a live brokerage feed. The Daily Loss Limit (DLL) is removed again.
• The Drawdown: You start with a $2,000 EOD Drawdown. If your account starts at $50,000, your fail point is $48,000.
• ⚠️ DON’T FORGET:
  • The “Locking” Mechanism: This is where the “caution” belongs. Your drawdown trails your profit until your balance hits $52,100. At that exact moment, the drawdown locks at $50,100 and never moves again.
  • The Buffer vs. Floor: Once that drawdown locks at $50,100, that is your permanent floor. If you then withdraw all your profits down to $50,200, you only have $100 of room left.
  • The “Trading Capital” Rule: In Elite Live, the $50,000 is Tradeify’s money and isn’t withdrawable. You only withdraw what you make above that.

My Final Take for You

This plan is perfect for Scalpers and Intraday Traders who use TradingView or Tradovate.

Wait! One last thing… Tradeify is strictly a Tradovate/TradingView firm. If you are a Rithmic/NinjaTrader die-hard, this isn’t the plan for you. But if you want fast payouts and an EOD drawdown that doesn’t punish you for “unrealized” profit during a trade, this is a very solid choice.

Just remember: The rules change when you get funded. Don’t let the freedom of the evaluation make you a sloppy funded trader!