Prop Firm Updates - August 22, 2024

Best August 2024 Prop Firm Discounts

Grab all of this month's best savings

Understanding and Using Scaling (and When It's Not Allowed)

Understanding and Using Scaling (and When It's Not Allowed) Scaling is a trading strategy that involves adjusting your position size in response to market conditions or performance metrics. In the context of prop trading, scaling can be a powerful tool to manage risk and maximize profits.

Passing the prop is easier with day trading than swing trading for one big reason

With limits like 5% 🛑 day traders will find themselves more able to respond to market fluctuations 📊, monitor positions closely 🔍, limit exposure to volatile markets, and minimize the risk of exceeding drawdown thresholds.

MAKING TRADING HUMAN AGAIN

Computers dominate all trading. 🤖💻 It's truly been the decade of Virtu and Citadel, and the glory days of the individual prop trader are as quaint as the pictures of fat sweaty guys battling it out in Chicago pits. 🏋️‍♂️🏦

Prop Firm Updates - August 17, 2024

Trading Tip: The Two Winning Strategies: Pick Your Path!

In the world of trading, there are two main roads to success, and each offers its own exciting way to make money:

WHAT IS VWAP & HOW TO USE IT

VWAP, or Volume Weighted Average Price, is a popular tool that helps traders understand the average price that an instrument has traded throughout the day, based on both price and volume

Trade Smarter, Not Harder

In trading, success isn’t about working harder—it's about working smarter. Here’s how you can elevate your trading game by focusing on the essentials and avoiding common pitfalls.

Prop Firm Updates - August 13, 2024

The Secret to Trading is Same as Dieting 🤫

Trading and dieting are more similar than you think - both enjoy a 95% rate of failure.

What is the Consistency Rule?

📜 DEFINITION: Some prop firms have a consistency rule that states no single trading day can make up more than a certain percent of your total profit. This percentage varies by firm and can range from 30% to 45% 📊