You don’t need an edge to beat the prop-firm game. You don’t even need a strategy that makes money in the long run. All you need is something that can stay alive long enough for one of those inevitable hot streaks that random variance hands out to everyone eventually.
Even a coin-flip approach, or a mildly losing system, will still deliver runs of +20%, +30%, sometimes +50% or more. Those runs don’t care whether you have alpha; they just show up.
And when they do, they’re usually long enough to clear the evaluation phase, smash the profit target, scale the account, and let you pull one, two, maybe three payouts before the regression monster wakes up.
The prop firm model is brilliantly designed to let you cash in on exactly those streaks. The structure turns temporary luck into real money, while the firm quietly absorbs the long-term bleed that would kill any normal account.
Take that same zero-edge strategy, fund it with your own $50,000. You will slowly bleed that account to death by a thousand paper cuts.
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I will no longer trade 'ICT' Concepts. I am moving on from pseudo-institutional folklore to actual market microstructure and probabilistic execution models. Price isn’t “delivered by an algo”, it’s emergent behaviour from fragmented market depth and asynchronous order flow.
There are ICT traders far more successful than me. But after deep study, I realized most ICT concepts are plagiarized and rebranded ideas from Dow Theory, Wyckoff, Elliott Wave, Peter Steidlmayer’s Auction Market Theory, and classic chart pattern literature.
After reading:
Bouchaud et al. on latent liquidity & market impact
O’Hara (Cornell) on market microstructure theory
Easley, López de Prado & O’Hara’s work on flow toxicity (VPIN)
...it’s laughable to think price is “delivered” by a single algorithm
So basically the church decided Marxism was too radical for Christianity. Imagine thinking Marxist ideas like lifting the poor, ending exploitation, and redistributing wealth go against the teachings of Jesus. Marxism says feed the hungry... Pope says, "Excommunicate that!"
Honestly, the only thing more consistent than Marxism’s fight for the oppressed is the Church’s fear of losing control haha!
Marxism: feed the hungry.
Marxism: house the homeless.
Marxism: redistribute wealth.
The Church: Excommunicate those bastards before they start looking too much like Jesus.
Retail doesn’t “provide liquidity” to institutions. Retail accounts for <10% of total volume. That’s not enough to fill institutional size. The ICT Liquidity narrative collapses here.
What retail does is cluster around predictable price zones, highs, lows, breakouts, clean structure. Their stops and entries form liquidity pockets, not liquidity depth.
Institutions don’t need retail to execute.
They’re often executing against each other, through dark pools, limit ladders, interbank channels etc etc