What Are Private Accounts?
Private accounts are trading accounts you own, funded with your own capital. Unlike challenges and funded accounts which involve prop firm money, private accounts track your personal trading capital and performance.
The Purpose of This Module
Private Accounts is your personal trading tracker. It answers questions like:
How much of my own capital is in trading accounts?
What's my actual trading performance?
How has my balance changed over time?
Am I profitable with my own money?
This is where you track accounts at retail brokers like IC Markets, Pepperstone, OANDA, and others where you deposit and trade your own funds.
What Private Accounts Track
Balances
Your actual account balance at any point in time. You record balance snapshots, and the platform tracks the history.
Deposits and Withdrawals
Money you move in and out of the account. These are capital movements, not profit or loss.
Trading P&L
The platform calculates your true trading profit or loss based on balance changes, adjusted for deposits and withdrawals.
Account Status
Whether the account is Active, Paused, or Closed.
What Makes Private Accounts Different
Private accounts are real capital you own. Funded accounts are trading privileges that can be revoked.
The Core Accounting Principle
This is critical to understand:
Deposits and withdrawals do not represent profit or loss by themselves.
When you withdraw $5,000 from your trading account, that's not necessarily profit. It might be:
A realized profit you're taking out
A realized loss you're cutting
Simply moving capital elsewhere
Some combination of profit and return of original capital
The platform never assumes a withdrawal equals profit. Instead, it calculates P&L correctly:
Net Trading P&L = (Ending Balance − Starting Balance) − Deposits + Withdrawals
This formula ensures that only actual trading performance is measured.
Why This Matters
Consider two scenarios:
Scenario A:
Starting balance: $10,000
You deposit: $5,000
Ending balance: $15,000
Without the formula, you might think you're flat (started with $10K, ended with $15K, deposited $5K).
Actual P&L: $15,000 − $10,000 − $5,000 = $0 You broke even. Correct!
Scenario B:
Starting balance: $10,000
You withdraw: $3,000
Ending balance: $9,000
Without the formula, you might think you lost $1K ($10K → $9K) and also took out $3K.
Actual P&L: $9,000 − $10,000 − 0 + $3,000 = $2,000 You actually made $2,000! You withdrew some, and what's left is just slightly less.
The platform handles these calculations automatically so you always see accurate performance.
How Private Accounts Fit Into Your Business
For traders who also do prop trading:
Your Trading Business
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Challenges Funded Accounts Private Accounts
(Cost) (Revenue) (Assets + Performance)Private accounts represent:
Your owned capital (an asset)
Your personal trading skill (measured by P&L)
Potential income source (withdrawing profits)
Dashboard shows private account trading P&L separately from prop trading metrics.
What Private Accounts Don't Track
Individual Trades
You won't log each trade with entry/exit prices, lot sizes, etc. This is business-level tracking, not trade journaling.
Real-Time Balances
The platform doesn't connect to your broker. You manually update balances or import statements.
Prop Firm Rules
There are no drawdown limits or rule violations to track. It's your money—you set your own rules.
When to Use Private Accounts
Add a private account when you:
Have a live trading account with your own capital
Want to track balance and performance over time
Trade your own money alongside prop firm accounts
Want a complete picture of your trading business
You don't need private accounts if you:
Only trade prop firm challenges and funded accounts
Don't want to track personal trading performance
Keep personal trading completely separate from business tracking