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Prop Firm: pass and keep the account

Prop-firm rules, animated, with Topstep as the worked example, and the maths of passing honestly. 8 modules, each its own book, all open. The syllabus and goals are here now; lesson texts are being written from source material.

Book IPROP1 · Open

What you are actually buying

Goals

  • How prop firms make money, the Topstep ladder, what passing honestly means and the conduct rules that end the relationship.

Lessons

  1. How prop firms make money · in preparation
  2. The Topstep ladder: Combine → XFA → LFA, and Labs · in preparation
  3. What "beating the prop firm" honestly means · in preparation
  4. Prohibited conduct: the rules that end the relationship, not just the account · in preparation
Book IIPROP2 · Open

Rule mechanics, animated

Goals

  • The loss-limit floor, intraday breach, the XFA floor, the daily loss limit, consistency, position limits and real costs.

Lessons

  1. The Maximum Loss Limit: an end-of-day floor that locks · in preparation
  2. Breach is intraday: the trade that would have come back · in preparation
  3. The XFA floor: from −D to 0, and what the first payout does · in preparation
  4. The Daily Loss Limit: a pause, not a fail · in preparation
  5. The 55% consistency target · in preparation
  6. Position limits, the scaling plan and Tier 1 news windows · in preparation
  7. What a trade really costs on TopstepX · in preparation
Book IIIPROP3 · Open

The math of passing

Goals

  • Pass probability as gambler's ruin, the edge cliff, sizing, the trailing floor, EV per attempt and the zero-edge placebo.

Lessons

  1. Two barriers: the gambler's-ruin pass probability · in preparation
  2. Pass probability vs edge: the cliff · in preparation
  3. Size: cautious with an edge, bold without (and why "size up" is a trap) · in preparation
  4. What the trailing floor costs · in preparation
  5. EV per attempt: fees, months, activation, payouts · in preparation
  6. The placebo: zero edge loses once costs are charged · in preparation
  7. Retries, resets and Back2Funded: attempts are not independent · in preparation
  8. Do you actually have an edge? Your win rate with honest uncertainty · in preparation
Book IVPROP4 · Open

Sizing against the trailing drawdown

Goals

  • Size from the cushion, not the balance: risk fractions, the one-micro floor, contracts from stop distance and Monte-Carlo.

Lessons

  1. Cushion, not balance · in preparation
  2. Risk as a fraction of cushion, and the one-micro floor · in preparation
  3. From stop distance to contracts on NQ/MNQ · in preparation
  4. Monte-Carlo your own trade list · in preparation
Book VPROP5 · Open

Daily process

Goals

  • A prop-adjusted plan before the session, path controls during it and a journal the model can use after.

Lessons

  1. Pre-session: the prop-adjusted plan · in preparation
  2. In-session path controls and the psychology of the floor · in preparation
  3. Post-session: journal what the model needs · in preparation
Book VIPROP6 · Open

Funded: payouts, scaling and staying funded

Goals

  • Payout paths, when to withdraw, scaling to Live, and why several accounts are still one bet.

Lessons

  1. Standard vs Consistency payout path · in preparation
  2. When to withdraw: cash now vs cushion · in preparation
  3. Scaling and the Live call-up · in preparation
  4. Several accounts, one bet: copiers, correlated ruin and fees · in preparation
Book VIIPROP7 · Open

Choosing a plan

Goals

  • Match the account to your strategy, compare the Labs options and fill in your own decision worksheet.

Lessons

  1. Match the account to the strategy · in preparation
  2. Topstep Labs: Combines vs fixed-payout Challenges · in preparation
  3. Your prop decision worksheet · in preparation
Book VIIIPROP8 · Open

Account killers and module project

Goals

  • Twelve ways accounts die, then a prop plan of your own tested against three synthetic traders.

Lessons

  1. Twelve ways accounts die · in preparation
  2. Module project: three synthetic traders, then your own prop plan · in preparation