BluSky: An In-Depth Review - Payouts, Rules, Guide, and Discount

Overview

BluSky Trading aims to provide traders with a clear and supportive path to obtaining a funded trading account. Their focus is on futures prop firms, offering evaluations that, if passed, lead to trading real money with attractive payout rules. This review will cover BluSky's account rules, program structure, payout policy, and overall suitability for traders seeking funding.

Why Choose BluSky?

BluSky highlights several features designed to attract and support traders on their journey to becoming funded:

• No Funded Activation Fee: Once you pass your evaluation, there are no additional fees to activate your funded account. ‍
• Trade with Real Money: Successful traders get to trade real capital in a brokerage account. ‍
• Daily Payouts (Monday-Friday): BluSky offers the ability to request payouts daily once in a funded brokerage account, with same-day processing for ACH requests made before 11 AM EST. ‍
• FREE NinjaTrader / Tradovate Platform: Access to these popular trading platforms is included. ‍
• FREE Discord Chatroom: A community for traders to connect and share insights. ‍
• FREE 1-on-1 Coaching: BluSky provides personalized coaching from industry leaders to help traders improve. ‍
• Same-Day Activation: BluLive accounts are typically set up the evening after passing an evaluation. ‍
• Simple Rules: BluSky emphasizes straightforward rules to avoid confusion.

How the BluSky Program Works

BluSky outlines a multi-stage process for traders:

1. Evaluation: Traders start with an evaluation account, choosing from various sizes and types (Premium or Static Growth).  The goal is to reach a profit target while adhering to rules like trailing drawdown and consistency, within a 30-day renewable subscription period.  There's a minimum of 8 trading days. ‍
2. BluLive Account: After passing the evaluation, traders move to a BluLive account.  This is a simulated environment where profits accrue towards the starting balance of the subsequent brokerage account.  The daily loss limit is removed at this stage, and the consistency rule remains to help train mindset.  There's no additional setup fee to enter BluLive. ‍
3. Sim Funded Account / Brokerage Account: Once the profit target in BluLive is met, traders transition to a Sim Funded Account, which BluSky states is a "real account with real money and real executions".  This account starts with the balance accrued in BluLive and has a static minimum balance.  Daily payouts can be requested from this account.

BluSky Account Options

BluSky offers "Premium Evaluations" and "Static Evaluations." Below are the details for the Premium Evaluation accounts, which feature an End-of-Day (EOD) trailing drawdown:

BluSky also offers Static Growth Plans which feature a fixed (static) drawdown during evaluation, aiming to simplify risk management for traders struggling with trailing drawdowns.  For example, the 300K Pro Static Growth plan has a $5,000 static drawdown and a $2,500 daily loss limit during evaluation.

Rules of the BluSky Program

Adherence to BluSky's trading rules is essential. Key evaluation rules and funded account rules include:

Evaluation Phase Rules:

• Profit Target: Must be reached to pass.
• Trailing Drawdown (EOD for Premium): The minimum account balance trails your highest End-of-Day balance. It increases with profits but does not decrease with losses.  Falling below this minimum balance fails the evaluation. ‍
• Daily Loss Limit (EOD for Premium): Based on the starting balance at 6 PM EST. If hit, the account is locked for the day and resets for the next trading day; this is not a hard fail of the evaluation itself unless it also breaches the trailing drawdown.  This rule is removed after passing the evaluation. ‍
• Consistency Rule: BluSky has an updated consistency rule. If a trader's single-day profit exceeds the max consistency amount (e.g., 30% of the original target for Premium evaluations ), the profit target is only increased by the excess amount, rather than a harsher penalty.  This is to avoid penalizing traders for large winning days. ‍
• Minimum Trading Days: 8 trading days are required, though traders have the full 30-day subscription period (which auto-renews) to complete the evaluation. ‍
• Resets: Available for $65, or free upon subscription renewal if the account is already failed.

BluLive & Funded Brokerage Account Rules:

• Minimum Balance (Trailing/Static): In BluLive, the trailing drawdown for Premium accounts converts to a static minimum balance once a specific profit target is reached.  For Static Growth accounts, a static drawdown applies.  This static minimum balance is then carried into the Brokerage account.  Falling below this static balance fails the funded account. ‍
• Daily Loss Limit: Removed for BluLive and funded accounts.  Traders can optionally set one with the brokerage. ‍
• Consistency Rule: Remains in place during BluLive to train mindset.  It also applies to payouts from the brokerage account. ‍
• Trading Activity: At least one trade per month is required in funded accounts to keep them active and avoid potential fees or warnings from brokerages. ‍
• Prohibited Trading: Placing opposite direction trades simultaneously on the same product is forbidden by the exchange and will result in permanent account closure. ‍
• Max Contracts: Systems are in place to limit max contracts. ‍
• Trading Hours: Systems attempt to auto-liquidate positions about 15 minutes before market close, but traders are ultimately responsible for closing positions.

Best Practices to Pass Your BluSky Evaluation

Success in BluSky's evaluation phase often comes down to discipline and a solid understanding of the account rules:

• Master Risk Management: This is paramount. Understand your EOD trailing drawdown or static drawdown. Calculate your max daily risk so you'd need at least 10 losing days to fail. Never break your personal max daily loss rule.
• Respect Consistency: While the updated rule is more forgiving, aim for steady progress.
• Plan Your Trades: Know your levels and trade your plan. Avoid overtrading and chasing losses. ‍
• Use Appropriate Contract Size: Reduce size if needed to adhere to your risk rules. ‍
• Journal Your Trades: Write down feelings and observations before, during, and after trading to make them real and learn from them. ‍
• Seek Support: Utilize the free 1-on-1 coaching and Discord community. A trading buddy or coach can provide accountability. ‍
• Patience: You have 30 days before renewal, and your balance isn't reset upon renewal unless requested (if failed).  Don't rush.

Payout Structure and Profit Sharing

BluSky offers an attractive payout policy for its funded traders:

• Profit Split: Traders receive 90% of their profits, with BluSky retaining 10%. This 90/10 split applies at all times for payouts.
• Daily Payouts: Available Monday through Friday from the funded brokerage account.  ACH payout requests made before 11 AM EST are processed the same day. ‍
• Payouts from BluLive: Payouts occur "At Profit Goal" during the BluLive phase, meaning the profits accumulated in BluLive contribute to the starting balance of the brokerage account. ‍
• Payouts from Brokerage Account:
  
  • Minimum Withdrawal: $250. ‍
  • Maximum Initial Payout: This varies by account size (e.g., Advanced 25K: $300; Premium 50K: $400; Premium+ 100K: $600). ‍
  • Maximum Payout After Initial: No limits, but traders are advised to be reasonable to maintain enough drawdown. ‍
  • Minimum Balance for Payout Request: The account must be above its initial starting balance. ‍
  • Eligibility: Payouts are based on profitable trading days. ‍
  • No Minimum Trading Days for Payouts: In the brokerage account, there are no minimum days to trade before requesting a payout, as long as you are above your initial starting balance. ‍
  • Payout Methods: Gusto.com, Rise, and BluSky Account Credit are used. ‍
• Taxes: US traders receive a 1099. Non-US citizens must submit a W-8BEN form for their first payout.

Final Thoughts

BluSky Trading presents a compelling option within the futures prop firm landscape. Key attractions include the $0 funded activation fee, the straightforward 90/10 payout policy with the possibility of daily withdrawals, and valuable resources like free 1-on-1 coaching and an active Discord community. The updated consistency rule is also more trader-friendly than many alternatives.

The progression from Evaluation to BluLive (simulated buffer building) and then to a real-money brokerage account is clearly defined. Traders should carefully consider whether the Premium Evaluation's EOD trailing drawdown or a Static Growth Plan's static drawdown better suits their trading style. While the rules are generally simple, discipline in risk management, particularly concerning drawdowns and consistency for payouts, remains crucial for long-term success.

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