Fake trading is hard work

Day traders using prop firms are being bamboozeled into heavy losses without realizing what they're getting themselves into. I bring on a Quant Trader coach from getcracked who works at a Tier 1 firm to discuss his take on the "prop firm" industry as well. Skill-Up & Interview Platform: https://www.getcracked.io 1-on-1 Coaching for Quant Prep: https://www.getcracked.io/book-a-coach Patreon:    / codingjesus   Calendly (1-on-1 with me): https://calendly.com/coding-jesus Personal Instagram:   / thecodingjesus   Quant / SWE Instagram:   / thecodingjesusquant   Email: [email protected] Quant SWE Resources : https://www.amazon.com/shop/thecoding... 0:00 Melissa Introduction 0:46 Melissa's Day Trading Experience 1:34 Prop Firm Business Model 3:18 Simulated Demo Funds 5:10 Discussing Payout Thresholds 6:25 The Scale of these Prop Firms 7:10 Insider Interview 10:24 Summarizing the Prop Firm Trading Model 11:35 A Victim of Prop Firms Sources: Melissa IG:   / melissadaytrades   Tradeify Funded Trader Agreement: https://tradeify.co/funded-trader-agr... Tradeify Trailing Max Drawdown Rules: https://help.tradeify.co/en/articles/... Tradeify Growth Evaluation Accounts: https://help.tradeify.co/en/articles/... Tradeify Daily Loss Limit Rules: https://help.tradeify.co/en/articles/... Tradeify Funded Payout Policy: https://help.tradeify.co/en/articles/... Only 7% of 300,000 Prop Accounts Got Payouts (Finance Magnates): https://www.financemagnates.com/forex... Only 1 in 20 Pass Prop Challenges (Finance Magnates): https://www.financemagnates.com/forex... Can You Trust Prop Firms' "Total Payouts" Claims? (Finance Magnates): https://www.financemagnates.com/forex... Belgium FSMA "Shadow Investment Game" Warning: https://www.fsma.be/en/warnings/fsma-... Regulator Calls Prop Firms Trading "Video Games" (Finance Magnates): https://www.financemagnates.com/forex... Financial Commission Article: https://financialcommission.org/2024/...