In the Warrior Phase, there are no restrictions other than to not hit your trailing drawdown threshold. Once you progress to a Gladiator Paid Trading Sim Account (PTSA) or purchase an Instant Gladiator Account, you will be forced to abide by our risk management criteria.
Important Note on Account Status During Payout Review #
Once a payout is requested, the associated account must remain in good standing (i.e., active and not failed) until the payout is reviewed, approved, and processed. If the account is failed for any reason before the payout is processed, the request will be automatically rejected — regardless of the account balance at the time of submission.
(This does not prevent you from continuing to trade, but please do so at your own discretion while your payout is under review.)
It is essential that risk is managed consistently throughout the payout review period. Requesting a payout and subsequently breaching trading rules or failing the account during the Gladiator Phase, reflects behavior that cannot be supported or scaled under the firm’s Real Prop Phase. Since payouts in the Gladiator Phase serve as an early indicator of performance and progression potential, maintaining account integrity during this period is critical.
In order to understand what we aim to attract as a company with our traders, you still need to know what we don’t want and what we restrict from our environment.
We won’t tolerate the following traders:
- Anyone treating this as a casino or gambling.
- Lucky windfall wild west traders.
- Anyone trying to scam us or take advantage of our system, or payout process.
- Erratic traders that are stagnant for long periods of time, then just have unrealistic jumps in activity or trade frequency.
- People who intentionally try to defraud the company and put PST at risk.
- Anyone trading without a strategy or methodology.
- Anyone churning accounts by taking an entry or exit within a small time of the day to just pass the requirements and pass.
- Traders without risk management, money management processes.
- People who jump from one strategy to another and have no long-term process with a trade plan and approach.
- Anyone lacking direction and the necessary skills to be capable of working in this business.
- People with the incapacity (mentally, emotionally, or physically) that would deem them unfit, unstable, or incapable of legally, ethically, and responsibly working in this space and business.
- Anyone under age (18+).
- Traders looking to always swing for the fences and get rich quick.
- People looking to work the system to manipulate the payouts and accounts.
To build a long-term opportunity working with us, we look for:
- Traders with Vision, goals, ambition, and skill.
- People with discipline, and emotional stability.
- Traders with a defined strategy (rules for entry and exit).
- Anyone who can demonstrate their trade plan effectively.
- Traders with adequate risk management, money management, and a proven trading system.
- People with knowledge of this space (platforms, data, computers, trading tools, and a good understanding of the financial markets).
- Traders who can prove the reasoning behind their trades if we were to verify, or question their approach.
- Anyone looking to build their accounts up so they have a buffer in their accounts before taking unnecessary payouts. Doing so, ensures they don’t blow out their accounts and trigger their max drawdowns.
- Traders demonstrate consistent trade sizing tactics with regular money management principles.
- Anyone taking profits regularly demonstrates that they don’t keep giving money back to the markets when they are up on the day.
- Traders who consistently walk away before the end of the trading day when they are profitable.
PropShopTrader as a partnership, seeks reputable traders who demonstrate the ability to steadily grow their accounts through a disciplined and consistent approach. We value traders who adhere to a strategy that fosters gradual, compounded growth rather than engaging in erratic trading characterized by unpredictable fluctuations or unrealistic profit expectations.
Our payout model is centered on establishing long-term relationships with traders who maintain a steady plan in terms of trade size, stop losses, and profit targets. We prioritize traders who avoid excessive risk-taking by refraining from trading maximum or unusually large contracts sporadically, while resorting to micro-contracts for the majority of their trades.
At PropShopTrader, we are not interested in traders who engage in contract flipping to simply demonstrate activity, frequently adjust their trading sizes, employ dollar-cost averaging strategies in response to adverse market movements, or participate in high-frequency trading. We are committed to partnering with traders who exhibit consistency and discipline in their approach, fostering a mutually beneficial relationship over time.
Traders at Prop Shop Trader are required to possess a well-defined strategy or system that includes established guidelines for entries, stop-loss orders, profit targets, and trailing stops. It is imperative that traders adhere to these rules consistently and demonstrate discipline in their execution. Additionally, traders are expected to employ a standard, transparent day-to-day trading system that can be readily explained upon request.
Intentionally and recklessly depleting multiple company accounts in pursuit of a “lottery-style lucky windfall” contradicts the purpose and ethos of Prop Shop Trader.
Click here for more information on Prohibited Practices.