Terms and concepts specific to The Prop Pit ecosystem.
| Term | Definition |
|---|---|
| Evaluation | A testing phase where you prove your trading ability before receiving a funded account. |
| Funded Account | An account backed by The Prop Pit's capital after passing evaluation (or via Straight to Funded). |
| High-Water Mark | The highest end-of-day closing balance your account has reached, used to calculate EOD Max Loss. |
| Micro Contract | A smaller version of a standard futures contract (1/10th the size). |
| Pit Trader | The Prop Pit's proprietary native trading platform. |
| Profit Target | The net profit amount you must reach to pass evaluation or qualify for payouts. |
| Straight to Funded | A funding path that skips evaluation and provides immediate funded access. |
| Straight to Live | A premium path providing real market capital (coming soon). |
| EOD Max Loss | A dynamic loss limit recalculated at end of day based on your highest closing balance. Only moves up when a new end-of-day high-water mark is set. |