Prop Firms sits inside Scott’s List. Everything here is my own experience, not Chris’s. My goal since joining the Inner Circle has been income replacement and a transition to funded and cash accounts, so I’ve spent a lot of hours inside evaluation rules with a discretionary system that was not designed around them.
My interview with Chris Drysdale
The Wheel System
How I run up to 20 funded accounts as a wheel: account size, eval versus funded rules, the risk tolerance copy trading takes, and why my first trade of the day goes on an eval.
Core lesson
Two Doors: Prop Firms, Cash Accounts, and the Power of Someone Else’s Money
A prop firm sells you an asymmetric bet: large size for a small fee, paid for in rules. Cash buys freedom, paid for in real money. They’re not rivals. They’re a sequence.
Lessons and firm reviews
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Trading a Discretionary System Inside Prop-Firm Rules
The VWAP Wave System wasn’t built for evaluations. How I made a discretionary playbook survive a trailing drawdown, a daily…
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Navigating the 2026 Futures Proprietary Trading Landscape
A survey of the 2026 futures prop-firm landscape: how the evaluation model works, what changed this year, and which firms…
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Apex Trader Funding: Prop Firm Review
The biggest name in futures evaluations, rebuilt in 2026 as Apex 4.0 with one-time evaluation fees, a choice of end-of-day…
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Tradeify: Prop Firm Review
A futures prop firm with two evaluation tracks, Growth and Select, an instant-funded Lightning option, end-of-day trailing drawdown on every…
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Top One Futures: Prop Firm Review
A newer US futures prop firm with a simple rulebook: end-of-day trailing drawdown, a percentage-based daily loss limit and profit…
For the record, and without the screenshots: I have passed many evaluations, I have taken multiple payouts, and I also trade live cash accounts, which is a different animal and gets its own lesson. I have also failed evaluations, and those taught me more. You won’t find certificates or dollar figures here. Certificates can be faked and numbers invite the wrong questions. What you’ll find is the process that got me through, and the rules that keep me there.
Drawdown math, daily loss limits, which setups survive a trailing threshold and which don’t, the three-strikes rule I use, and what changes when the account is your own money. Where I’ve used a specific firm, I say so, and where a link pays me a commission, the page says that too.
Ready for the system itself, not just my lessons on it?
I explain the VWAP Wave Systemâ„¢ from a student’s chair. Chris Drysdale teaches it. Start with his free Core Setup Guide, read the book, or take seven days inside Drysdale Trading Groupâ„¢ and watch it traded live. All of it is online and in English, wherever you are.
Disclosure. VWAP.biz is an independent site written by Scott West, a paying member of Drysdale Trading Groupâ„¢. The VWAP Wave System™ is Chris Drysdale’s work. He doesn’t own or run this site, but he has reviewed and endorsed it. Links to his book, toolkit, and community are affiliate links: if you buy through them I may earn a commission at no extra cost to you. As an Amazon Associate I earn from qualifying purchases. Nothing here is financial advice, and trading futures carries a risk of loss. Full disclosure · Risk disclaimer