The Hidden Rake in (Retail) Prop Trading

We’ll walk through the math, rules, and why the flashy 150k accounts are actually the worst EV. Bonus — How to bankroll yourself with the cheapest account.

Retail props look like free leverage, but the rules are a hidden rake on your edge.

These props do not reward talented traders, they reward traders that understand the game and can create a system.

You will notice that influencer push certain props and certain accounts harder than others. They are incentivized by the MORE accounts you lose. Majority of the code pushers cant trade well, so they rely on that affiliate income to bankroll them.

I am not against affiliate marketing by any means, but the overwhelming majority of them dont give a sh*t about anything except the dollars they can get from you. They provide close to 0 value to the community, and do not give back to their community.

I have not codes or links —

• Built into the contracts is that you MAY not say anything about the firms that can be perceived as negative, or else they will give you the boot.

• Make no mistake, these people are earning low to mid/hi 5 figures a month from pumping these codes.

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In this article we will go over how rules tax your edge and systems to compensate for these rules

• Prop firm eval / sim funded / PT / MLL

  • Why 150k is worst EV

  • Why S2F is actually a scam

• Drawdowns

  • daily, overall, fixed vs trailing

• Consistency rules and max day/trade contribution caps.

• Payout rules

  • minimum thresholds, payout caps, required safety buffers.

  • Benchmark days

• Bonus

  • How to Bankroll yourself

    • Stop falling for the oasis of get rich quick. Learn how to use props to bankroll yourself so you can make it for the long haul.

  • My opinion on affiliates and affiliate marketing

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Are any firms better than others? Potentially. But for the most part no.

• You are better off understanding which rules work against you and your psychology.

• Rules are irrelevant. Whats important is you getting paid.

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Prop evals