THE PROP GAME IS RIGGED
PART 3: PSYCHOLOGICAL CHESS NOT CHECKERS
Every Prop’s edge is simple to understand: 95-99% of traders will lose. If not initially, then with enough time or the right nudge their human nature will get the best of them.
Traders play a game of CHECKERS -> Profit target: ✅ Consistency rule: ✅
While Props play CHESS, thinking 2 or 3 steps ahead at all times because their biggest edge Is one that’s unquantifiable, but nonetheless reliable.
I don’t know if you’ve noticed this, but it’s almost like prop firm’s have mastered using your own psychology against you. Entire business models are built with the average trader's psychological limitations in mind. The sales and marketing aspect is obvious, consumer psychology being a large part, but even more important to prop’s, is the risk management side of it.
Reading a firm’s long list of rules is a necessary practice for every prop trader, because those rules are essentially the real meat of the offering and for which firms try to walk the delicate line of:
“What rules will bring in sales but also act as just enough of a hindrance to reaching payouts.”
There’s been a long list of innovations in this over the years all with the same aim (from arbitrary payout windows, to trading days, benchmark days, profit buffer’s, maximum payout etc.) and while there have been improvements, there’s almost always a new catch.
Spend time on here or anywhere prop trader discussions occur and like clockwork you will see trader's venting about how they just needed “1 more day of $200” to reach their payout, took 1 or 2 losses, went on TILT and breached their account the same day.
I bet everyone has a story like this and I, myself have several. Slightly different circumstances, sure, but essentially the same. In these cases, not only does the firm avoid paying out but often the frustration and desperation of “being so close” leads to a flurry of new sales to a trader who almost became liability - I’ve been that trader, too. AND this is just one example of the web of psychological traps that props lay to snatch victory from the jaws of defeat.
On a hot-streak, Firm A will send traders an email congratulating them on how outstanding their current performance has been. I’ve heard MANY stories of traders losing their accounts following these, as their EGO was stroked just enough to forget what got them there.
Meanwhile, another firm’s approach, is to announce without any warning to a trader that they are hereby no longer allowed to buy any additional accounts with them whatsoever, for no reason other than the trader is evidently reaching payouts with ease (thus increasing the psychological pressure to not slip up, as they are effectively cut-off if they for any reason lose their current accounts) again, many casualties.
But these are just two small examples of which, I think you get the picture. Furthermore, think about when SALES are offered. Often EITHER around high impact news i.e. FOMC (extra volatile conditions) OR choppy, slow, sideways market conditions. In these times, they can afford to sell accounts for an extra X% off knowing the bulk of purchases will come along with 1-2 resets each.
And of course, you really can’t blame them for this. Without it, they would fold and no one would get paid. Go too far in the direction of trader friendly and it’s not long until a firm ceases to exist.
The KEY for us traders is recognizing the chess game at hand to be aware of the traps being set so YOU can win the next match.
Comment below if you like on how this has happened to you AND bookmark this post to revisit it the next time you find yourself getting emotionally triggered on the verge of a payout.
The Prop Game Is Rigged
Prequel to Part 3: Psychological priming:
"ATTACHMENT TO OUTCOME"
Attachment really is the crux of all limitations in trading and life.
Prime example:
This series was born of an idea I had of wanting to share some of my knowledge and experience and going into it I expected it might go unnoticed and slowly build.
Then my very first post of the series blows up (for me atleast) - 80 Likes / 16 retweets / 28 bookmarks.
Now there's added pressure - "THE PEOPLE ARE WAITING!" so I rush to complete Part 2, drop it late on a Friday.
Goes completely unnoticed -> Lesson learned
Decide to rewrite and post it at a better time during the week instead.
-> Again nothing. After almost 24 hours later: 4 likes, barely over 400 views.
...And I’m like: Why am I even doing this again? 😬
The initial overwhelmingly positive response becomes an actual hindrance to following through with the plan.
I.e. -> being focused on my message and then being steady and consistent with putting it out.
The same is very true in trading.
How many times have you changed gears or recalibrated yourself to take a more methodical approach involving proper risk mgmt, patience, consistent setups or windows i.e. something that will produce incremental gains over time.
...Til that FIRST TRADE goes WAY ABOVE and BEYOND your new (lowered) expectations and the "old you" is triggered into action and you get amnesia..
...Til you reach the same end point for that particular path and start all over again
There is a reason PROP's set up ALL the focus on OUTCOME. -> What's the target, payout window, max payout, minimum payout. How many days to trade. etc.
BREAK THE PATTERN: Ignore the noise, focus on the process not the outcome.
I say all this to say I will do my best to do the same, with this series here. Get back to the WHY.
I don’t need to do this, I could continue to just focus on my self and stay low-key, but everyday I see traders just like me.. deep in the illusion, blind to the wolfs in sheep’s clothing all around them.
Making the same mistakes.
I’m grateful to have made it through some of the darkness I’ve come face to face with via trading and all the ups and downs.
I could’ve gone a different route to build a following over the years like everyone else just flash PNL on here daily even in the cycle of losing overall but that never sat right with me. Because it’s easy to see who’s who and that's why I can say this with confidence.
Even the biggest names in the space are largely the product of luck and variance.
But just as we do so in our own lives buy into outcomes and not process the same is true on here too.
Trader X posts a payout and says use this link to buy your own account:
"Wow thank you so much! 👏"
TRADER Y does 750K in payouts and writes a book about his process:
"What a SCAMMER!!😡"
Human nature I guess.
But the real key to breaking free of the 95% loser stat?
Break free of the herd thinking..
Sorry to break it to you but that Affiliate you think has your back is likely just saying whatever it takes for you to look the other way while he picks your pocket.
In Part 3, I'll go more in depth of the ways your human nature is used against you, priming you for failure whereby EVEN if you do succeed, nature runs it's course eventually and the house always wins.
Stay tuned.
#proptrading #propfirms #PropFirm
THE PROP FIRM GAME IS RIGGED
PART 2: SYMBIOSIS - The Affiliate Con Exposed
Part 1 covered the paradox we see online regarding the % of profitable traders.
I HATE to admit I have since dug into the data and the social media companies have indeed put in place a special feature which verifies and allows only traders with consistent records of profitability to have any have reach on their sites. So rest assured, all is well. That bloke posing in-front of his Lambo? 100% EURUSD profits.
Now, obviously I’m Joking.
There is no such mechanism in place. Anyone can pretend + fake results all they want and with the # of newbies coming into the space daily there’s almost unlimited upside to doing so. But while rented Lambos and mt5 servers may not be as common here (just cold hard payouts and Daily PNL with account #’s right?) the fakery just as rampant.
Remember that 95% loser stat? It isn’t just a number. It’s a reality. Trading is one of the most rewarding AND difficult pursuits you could undertake, as you’ve likely experience by now in the form of blown accounts, sleepless nights, and the sinking feeling that you’re running in place and the air is getting thinner.
Yet somehow, X shows a parade of “funded traders" flaunting wins daily. How do they do it?
Spoiler: They aren’t winning off of trading… they’re winning off you.
Prop firms and their affiliate hustlers thrive when you fail. You’re not a trader to them, but a customer. Their key to success? SELL YOU THE DREAM by any means necessary. e.g. Fire off trades, cycling through accounts and only post the bangers. Nothing worked that day? “No trades today” they’ll say.
It’s a con, not a coincidence.
And while you may know on a conscious level it's #YOUvsYOU, the constant stream of winners on your feed triggers comparison subconsciously, leading to the very behaviors and outcomes that feed this symbiotic relationship.
It’s a WIN-WIN for the prop firms and their affiliates, who get paid to bring sheep to the slaughterhouse.
Stick around, in PART 3 we look at some of the psychological traps prop-firms utilize + how you can stay out of the slaughterhouse, for good.
Like, Retweet and Comment below if you’ve ever been a victim of the comparison trap.
THE PROP FIRM GAME IS RIGGED
PART 1: The Profitable Paradox:
We all know the stats: 95-97% of traders lose consistently. It’s no secret, the market is brutal and relentless and can chew up accounts faster than you can fund them.
Yet, hop on X or Instagram, and it’s a different story. Green charts. Big payouts. Influencers flexing their funded account profits, and easy setups.
Every single day.
Seems like everyone’s in the elite 3-5%, right? So why are you still bleeding cash, chasing resets, and second-guessing every trade? I hate to break it to you but it’s by design.
The paradox isn’t just a quirk; it’s a psychological trap. Social media doesn’t verify winners; it amplifies them. The flashy wins attract engagement, and the algorithms amplify their reach along with the affiliate codes these hustlers hawk at every opportunity.
And even worse, you help fund their whole operation with every purchase. These affiliates don’t even need to pay for their own accounts thanks to you and the rest of their followers. They can churn through accounts all they want and always have at least one green account to show each day.
You see, you’re not just trading against the market. You’re trading against a machine that feeds on your FOMO, doubt, and desperation. You see their wins, until the worm of comparison burrow's deep enough into your psyche, and suddenly you’re over-leveraging, revenge-trading, or dumping another $150 into a new account because “this time, it’ll work.”
Spoiler: It’s designed to keep you spinning in place bleeding money.
But here’s truth: You can break free. Not with another guru’s discord or another reset via some affiliate’s lucky code, but by mastering the two things they don’t want you to: your emotions and your plan. You need to stop looking outwards (at other’s results) and start looking within until you create your own.
@SellingRips@I_Am_The_ICT @smccharter @phillip81667094 He showed last years at the end of the year.. over 400% returns enough to have won the Robbin’s he got so much shit for not doing ;)
@I_Am_The_ICT@zeussy_mmxm@FURU_University Please don’t reply to him ICT, he is maybe the worst scammer in the space. Targets the new students and has a funnel from $500 -> $15K all while never showing a live trade history, unlike yourself 🥴
Two of the biggest frauds in the space. Not only can they not trade, but now they are stealing peoples work. @jme_mmxm@zeussy_mmxm karma will catch up to you.
@I_Am_The_ICT @_eMiniHank @LindaRaschke He’s just saying someone may have targeted her with bots with an effort for her to block you by mentioning your name
@DaveTeachesFX
You see what I am doing in the Telegram Dave... and this is not even my best. I will simply use that model and Optimal F for sizing... first to a million dollars wins. If the accounts can't get above 500k it is a failure.
You ran a small account up, if we are to believe it, with a white label broker. Now do it with a deep discount broker like AMP.
I am absolutely ready to smoke you and your nonsense.