Understand The Choice
A free, growing library for novice and experienced prop traders. Written guides on risk, psychology and evaluation strategy, plus a curated stack of the best podcasts, YouTube channels, books and documentaries in the world of trading.
17 Guides
~41 min Total Read
Updated Continuously
All
Fundamentals
Start here. What prop trading is, how firms work, the language of the industry.
Firm capital and retail evaluations share a name and not much else.
Evaluation, instant funding, and a seat on firm capital. What you are actually buying.
From first request to wire confirmation — what happens behind the scenes, and the rules that delay or deny payouts.
The most misunderstood rule in prop trading — and the simple math that keeps you compliant.
Risk & Position Sizing
The math that decides whether you keep the account. Every funded trader rereads these.
The firm's floor, your remaining cushion, then Compare. Not a third essay on 1% risk.
The formulas that turn a percentage risk rule into the exact number of shares, contracts, or lots to trade.
The single rule that decides how aggressively you can compound — and the math most traders get wrong.
Psychology & Process
Funded trading exposes every mental leak. These build the habits that compound.
The mental shifts that separate traders who pass evaluations from those who recycle them.
The formulas that turn a percentage risk rule into the exact number of shares, contracts, or lots to trade.
The journal entries that actually change behavior, with a simple format you can adopt today.
Markets & Microstructure
Asset class primers and order flow basics for traders levelling up.
The contracts, tick values, margin behavior, and session timing that every futures-funded trader needs to know.
How equity-focused prop firms structure buying power, locates, and overnight exposure — and where options fit.
The Level 2, time and sales, and footprint signals that separate informed entries from random clicks.
The best free trading podcasts.
Hundreds of hours of long-form conversations with working traders. If you commute, walk, or train, this is the highest-leverage education on the list.
200+ long-form interviews with prop, hedge fund and independent traders. The single best starting library.
Microstructure, execution, and the buy-side perspective.
Systematic and trend-following CTAs talking honestly about risk and drawdowns.
Value, deep value and capital allocation — useful for any trader who holds beyond the close.
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