WickCheck / Trading school / Prop firm
Prop firmProprietary trading firmBeginner
A company that lets you trade its capital after you pass an evaluation, in return for a share of profits.
What it means
Most retail prop firms sell a challenge: hit a profit target without breaking daily and maximum loss limits. The rules, not the strategy, are where most traders fail.
How to spot it
- Read the target, daily loss, max loss, minimum days and consistency rules.
Common mistakes
- Using normal risk sizes that cannot survive the daily limit.
Related terms
Prop challengeThe test you pass to get a funded account, usually a profit target with loss lim…Daily loss limitThe most you can lose in one day before the account fails, often 4–5%.…Maximum loss limitThe total loss allowed from the starting balance, often 8–10%.…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.