The age of the quant larper

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: https://youtube.com/codingjesus Calendly (1-on-1 with me): https://calendly.com/coding-jesus Personal Instagram: https://www.instagram.com/thecodingjesus/ Quant / SWE Instagram: https://www.instagram.com/thecodingjesusquant/ Email: thecodingjesus@codingjesus.com Quant SWE Resources : https://www.amazon.com/shop/thecodingjesus/list/1UYHUKJYRQ8AT?ref_=cm_sw_r_cp_ud_aipsflist_HKJ7Z1A2R539P85V33Y8&ccs_id=76bab704-6e1b-4d61-ac0d-53735f97bf00 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: https://www.instagram.com/melissadaytrades/ Tradeify Funded Trader Agreement: https://tradeify.co/funded-trader-agreement Tradeify Trailing Max Drawdown Rules: https://help.tradeify.co/en/articles/10495897-rules-trailing-max-drawdowns Tradeify Growth Evaluation Accounts: https://help.tradeify.co/en/articles/10495915-growth-evaluation-accounts Tradeify Daily Loss Limit Rules: https://help.tradeify.co/en/articles/10468321-rules-daily-loss-limit Tradeify Funded Payout Policy: https://help.tradeify.co/en/articles/11083796-advanced-and-growth-funded-account-payout-policies Only 7% of 300,000 Prop Accounts Got Payouts (Finance Magnates): https://www.financemagnates.com/forex/analysis/exclusive-only-7-of-300000-prop-trading-accounts-achieved-payouts/ Only 1 in 20 Pass Prop Challenges (Finance Magnates): https://www.financemagnates.com/forex/o