A firm that funds traders with its capital after they pass a rules-based evaluation — the modern funded-trader path.
A Proprietary Trading Firm (prop firm) funds traders with company capital in exchange for a profit split (typically 80/20 in the trader's favor). Modern online prop firms (Topstep, Apex, FTMO-style futures/CFD shops) gate funding behind an evaluation: hit a profit target (e.g., +$3,000) without breaching rules (max daily loss, max drawdown, consistency limits). The evaluation rules accidentally enforce good process — fixed risk, defined drawdown, daily loss limits — which makes the RRR framework and A+ selectivity a natural fit for passing and keeping funded accounts.
Prop capital removes the 'I need a big account' excuse. Pass a $50K eval for a few hundred dollars, trade with their money, keep 80% — as long as your process survives the rules.
$50K eval: +$3,000 target, $2,000 max drawdown, $1,000 daily loss limit. Trading only A+ setups at 1% risk, you pass in 3–4 weeks of normal execution. No hero trades needed.
The RRR Daily Trading Checklist — the exact morning routine LA Traders runs before every New York session. Free.
Get the Free Checklist