Being Evaluated for Live from LucidDaily
Lucid's risk team continuously monitors trader performance to determine when a trader is ready to transition to live futures trading.
Traders enter the live review pool when one or more of the following conditions are met:
If they earn the Maximum Daily Profit for their account size
After being paid out a significant amount of capital lifetime
If they have exceptional performance in sim funded
If they have previously been moved live
All live transitions occur at the discretion of the Lucid risk team.
Sim Profits When Moved Live from LucidDaily
Sim profits are handled differently on the transition to live from LucidDaily compared to our other plans.
Buffer Balance
The buffer balance that was built in the funded account is used to fund the starting live drawdown. This may not be withdrawn.
Sim Profits Above the Buffer
Sim profits above the buffer may be paid out to the trader once their KYC with the broker partner has been completed and the sub accounts have been approved.
The amount is capped at a fixed amount of $15,000.
The cap is the same regardless of account size or how many you have. Whether you have one 25k account or five 150k accounts, the maximum sim profit paid out on the move to live is $15,000. Any profits in excess of the capped amount may not be withdrawn.
Transition to Live
When a futures trader is moved to live from LucidDaily:
Traders receive one live account per eligible funded account
Each funded account must have received at least one payout to qualify
All live accounts begin with:
$0 starting balance
Daily payouts
End-of-day drawdown
No daily loss limit
Funded Account Size | Starting Live Drawdown | Max Live Contract Limit* |
$1,000 | 2 minis or 20 micros | |
$2,000 | 4 minis or 40 micros | |
$3,000 | 6 minis or 60 micros | |
$4,500 | 10 minis or 100 micros |
*Certain extremely volatile contracts have reduced position sizing to ensure traders do not exceed the live drawdown.
IMPORTANT
We move traders live every evening after the final session report comes in at 6 PM est. This process can take several hours. When a trader is moved live, their trading accounts are paused and all positions are flattened.
This mean in some cases, LucidDaily funded traders will be moved live and flattened while in an active position. In the spirit of fairness to all traders, we will adhere to the following policy.
When you are moved live in a LucidDaily funded account, we will be using your prior day closing balance as the amount you are moved live with. Any profits or losses made in the session you are moved live will not be counted. This ensures every trader is treated equally.
Consistency Rules at Live
There are no consistency requirements for live accounts.
Locking the Live MLL
Lucid Live accounts use an End-of-Day Drawdown (EOD Drawdown) system to calculate the Max Loss Limit (MLL).
At the end of each trading session, the system calculates the account’s highest closing balance.
The MLL increases as the account balance grows, up to a defined point.
Once a trader generates live profits equal to their starting live drawdown, the Max Loss Limit locks at $100 and no longer moves.
If a trader requests a live payout before generating profits over the live drawdown, the Max Loss Limit locks to $100.
Live Bonus
There is no live bonus in for traders that are moved live from a LucidDaily account.
Cooldown
Traders who have been moved live may return to purchase a new evaluation after blowing a live account..
Standard cooldown period: 2 weeks
Traders who repeatedly blow live accounts due to reckless or "yolo" behavior may be subject to longer cooldowns at the discretion of the risk team
LucidMaxx Status
Select traders may eventually earn LucidMaxx status.
LucidMaxx traders:
May purchase the LucidMaxx evaluation
Receive access to daily, uncapped payouts and instant live capital
Please refer to the LucidMaxx documentation for full details.
LucidLive Account FAQ
Do all funded prop accounts move live at once?
Yes. All eligible funded prop accounts (with at least one payout) are moved when a trader transitions to live.
What happens to remaining simulated prop accounts?
All simulated prop accounts are closed when a trader is moved live. If a funded account is not moved live because it has 0 payouts, the evaluation cost of that account will be refunded. If you are not comfortable with evaluations being closed, do not keep evaluations in reserve.
If I am live, can someone in my household still trade sim?
No. If one household member is trading live, others may not trade simulated accounts.
Can I hedge my live accounts?
Absolutely not. Hedging live accounts is strictly prohibited by both Lucid and the CME. Violations will result in a permanent ban.