NANO Prop · The words

What the words mean

Every term the desk uses, two lines each. Tap any dotted word in the app for the same note, inline.

Accounts & phases

Evaluation (eval): The tryout account you buy first — trade it by the firm’s rules to a profit target, and passing earns you a funded account. Everything before funded is a paid tryout; an eval never pays you money itself.
Funded account: The account a firm gives you after you pass — the only kind that pays you real money. Log yours the moment you get it: payouts only count as income on a funded account.
Instant funding: A funded-style account you buy directly, skipping the tryout — usually at a much higher price. No eval to pass, but the price and rules still decide if it’s worth it.
Reset: Paying to restart the same eval after breaking one of its rules, instead of buying a whole new one. Resets are the quiet money-eater — the desk counts them per account so you can see which seat is feeding on them.
Activation fee: A one-time fee some firms charge to switch on your funded account after you pass. It’s part of what getting funded really costs, so All-in cost includes it.

Your money

Bank: The pot of money you set aside for prop trading — your own war chest, not a trading account’s balance. Everything you log flows through it: eval costs out, payouts in.
Deployable: The slice of your bank that isn’t set aside — your balance minus your reserve. Every “does this fit my bank?” check runs on deployable, not the full balance.
Reserve: A share of your received payouts you choose to hold back — for tax, or as a buffer. You pick the rate (we never suggest one); the desk then plans around what’s left.
Runway: How far your money stretches at your current spending pace — like fuel in a tank. “Covered through October” means at this pace, that’s when the deployable runs out unless payouts land first.
Modeled cost to funded: An estimated range from sourced eval, retry and activation fees plus a labeled likelihood basis. Use it as comparison context alongside current firm terms; it is an estimate, not a quote or promised outcome.
Profit so far: Received funded payouts minus the prop-firm costs you logged. Your real cash result from prop firms. It is never a broker statement or trading P&L; missing costs keep it blank.
Return on logged spend: Profit so far divided by the non-zero prop-firm cost recorded in the same currency. It describes only the logged cash ledger, not a trading return, tax result or future-income forecast.
Break-even: The point where your payouts have paid back everything you’ve spent. Before it, the desk is costing you money; after it, it’s paying you.
Street price: What members here actually paid for an eval — real logged purchases, not the list price. Shown only once 5+ traders logged that size, so a promo-week price can’t fool the average.

Rules firms use

Drawdown: The firm’s maximum-loss line — if your account dips below it, the account fails. HOW a firm measures it (see intraday vs end-of-day) decides how hard its challenge really is.
Intraday (trailing) drawdown: A loss line that follows your account’s live peak during the day — it can fail you even on a day you finish green. The strictest kind; our simulator models it exactly because it breaks runs the gentler kinds never would.
End-of-day drawdown: A loss line that moves only at the day’s close. At most firms it is still enforced live — an intraday dip through it can end the account. Check the firm’s own wording. The kinder kind; two firms with the “same” drawdown number can play completely differently because of this.
Consistency rule: A cap on how much of your total profit is allowed to come from one single day. It forces steady trading — one lucky monster day can block a payout instead of earning one.
Payout window: The trading days a firm requires before you’re allowed to ask for money. Being allowed to ask isn’t being paid — the desk tracks both separately.

How the desk speaks

Odds band: A qualitative model result under selected inputs — Favorable, Moderate, Long odds, or Very long odds. It describes simulated paths, not a real pass rate or a forecast of your outcome.
Funded readiness: One score for how ready your desk looks for funded income — built only from what you’ve logged: progress, pace and record. A read-out of your own data, not a prediction — log more and it sharpens.
Verified / 5+ traders: A number we publish only after 5 or more traders logged it — below that we say “gathering” instead of guessing. When you see a count next to a stat, that’s how many real traders are behind it.
Fit %: A model-based comparison score between your selected inputs and a firm’s published rules. A higher score means closer alignment inside this model; it is not an endorsement or an outcome forecast.
Gathering: Our way of saying “not enough evidence yet.” You’ll see it wherever we’d rather show nothing than invent a number.
Desk Chat: The chat that can see your own desk and prepare typed drafts for your review. It never writes to your records by itself — you approve every draft, and it never gives trade advice.
Desk analysis: A plain-words write-up that NANO renders from evidence-bound claim options over your own record. The provider request is schema-constrained to exact allowlisted claim IDs; NANO revalidates those IDs, writes the text itself and shows the frozen evidence beside every saved analysis.
Credit: One desk analysis. Your plan includes a monthly allowance that resets on the 1st. A failed or blocked analysis triggers a return attempt. If it is delayed, the saved artifact says so and retries when opened.

How the NANO desk uses these words

You log what really happened — accounts you bought, payouts you received, fees you paid.
The desk does the math — what funded really costs you, how long your money lasts, where it leaks.
You get moves, not lectures — one ranked list of what's worth doing, with the reasoning one tap away.
The decision stays yours — we show reads on your own numbers, never instructions.

Missing a word that confused you? Tell us — if one trader asks, ten wondered.