Welcome to the wild world of trading, where each week feels like a soap opera featuring prop firms, controversial figures, and a sprinkle of chaos. Let’s dive into the biggest stories that had traders buzzing this week.
TakeProfit Trader Abolishes the Daily Loss Limit
Imagine this: you’re staring at your charts, dreading the dreaded daily loss limit—an account killer and a dream crusher in one. Then, like a beam of golden light from the heavens, TakeProfit Trader announces, “No more daily loss limit!” Yes, you read that right. The rule that’s caused endless frustration is gone.
No gimmicks, no fine print—this applies across all account types. Whether you’re on a test account or a live one, you can trade without the fear of hitting that arbitrary boundary. If you’re on CQG data, you don’t even need to lift a finger—it’s already removed. Rhythmic users? Just reset your account.
Sure, the intraday trailing drawdown still lurks, but let’s not discount this monumental move. Oh, and they’re throwing in a 50% lifetime discount with affiliate codes to sweeten the deal. Cynical? Maybe. But sometimes, just sometimes, a prop firm does something genuinely trader-friendly. Hallelujah.
FastTrack Trading’s Financial Freefall
And then there’s the other side of the spectrum—FastTrack Trading LLC. Once a firm that promised traders the moon, it now finds itself in involuntary Chapter 7 bankruptcy. They raked in $31 million but are left with a mere $78,000 in assets. Where did the money go? That’s a question for forensic accountants with a knack for solving mysteries.
Founder Scott’s reputation is in shambles, as traders and creditors pick through the remains of the firm’s shattered promises. Meanwhile, the Traders Advocacy Coalition is gearing up for a legal battle to recover whatever scraps are left. It’s a cautionary tale for anyone in the trading world: flashy promises often hide financial black holes.
FutureScalper’s Zen-Like Domination
On the streaming front, FutureScalper (FSP) has become an enigma. With the calmness of a Buddhist monk, he trades futures while vibing to elevator music. Watching him trade is equal parts mesmerizing and anxiety-inducing. He blows accounts like it’s part of his strategy, rotating through as many as 80 backup accounts.
His community is growing rapidly, averaging 6,000 viewers per stream and building a cult-like following around his infamous “Apex story.” Love him or hate him, you can’t deny his style has captivated the trading world.
Cigar and AirPods: Patrick Wheen’s Roast of Isaac Rivera
Sometimes, the trading drama isn’t about trades at all. Isaac Rivera, rocking AirPods and puffing on a cigar during a live stream, caught Patrick Wheen’s attention—and not in a good way. Wheen’s roast of Rivera was scathing, calling out his over-the-top persona as “The Monopoly Man of Trading.”
But Rivera took the high road, asking for feedback instead of retaliating. It’s a reminder that the trading world, for all its seriousness, sometimes needs a touch of humor—and thick skin.
Apex vs. DayTraders.com: Prop Firm Drama Escalates
Finally, we arrive at the ongoing feud between Apex and DayTraders.com. Allegations, lawsuits, and leaked videos have turned this rivalry into a full-scale information war. Apex is fighting back, even as questions about their leadership and business practices continue to mount.
Traders are split: some defend Apex’s rules as fair, while others call them manipulative. The debate underscores a fundamental issue in the prop firm world: trust. Can traders count on these firms to deliver what they promise, or are the odds stacked too high against them?
Final Thoughts This week showcased the best and worst of the trading industry—from groundbreaking rule changes to financial disasters and high-stakes drama. It’s a reminder to stay informed, skeptical, and strategic. In a world where rules can change mid-play, the only constant is your ability to adapt.
