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Sim Funded: The Book, the Strategy, and the Business Behind Getting Funded What does it actually take to pass a proprietary trading evaluation and become a funded trader? In this...
show more
Sim Funded: The Book, the Strategy, and the Business Behind Getting Funded
What does it actually take to pass a proprietary trading evaluation and become a funded trader?
In this podcast, we take a deep dive into Sim Funded, the book designed to help traders better understand the world of simulated trading, futures evaluations, and proprietary trading firms. Rather than simply focusing on trading strategies, the conversation examines the entire process—from choosing an evaluation and understanding the rules to managing risk, controlling drawdowns, and developing the discipline required to reach a funded account.
We discuss why many traders struggle with prop-firm evaluations, including the tendency to overtrade, take excessive risk, misunderstand drawdown requirements, or approach an evaluation as though it were a conventional brokerage account.
The podcast explores a different perspective: successful evaluation trading requires understanding the structure of the game and developing a repeatable process around it.The episode also explores the evolution of Sim Funded as a business and the lessons learned from working with traders across different proprietary trading platforms.
We discuss how technology, analytics, risk management, and hedging can play a role in helping traders navigate the evaluation process more intelligently.
At its core, Sim Funded is about giving traders a framework for approaching prop-firm evaluations with greater preparation and discipline.
The book is intended for both newer traders trying to understand how the industry works and experienced traders looking for a more systematic way to approach evaluations.
Whether you're curious about becoming a funded trader, have struggled with previous evaluations, or simply want to understand the rapidly changing proprietary trading industry, this conversation provides an inside look at the strategies, risks, and business mechanics behind the Sim Funded approach.
Read the book. Understand the rules. Manage the risk. Get funded.
show less
What does it actually take to pass a proprietary trading evaluation and become a funded trader?
In this podcast, we take a deep dive into Sim Funded, the book designed to help traders better understand the world of simulated trading, futures evaluations, and proprietary trading firms. Rather than simply focusing on trading strategies, the conversation examines the entire process—from choosing an evaluation and understanding the rules to managing risk, controlling drawdowns, and developing the discipline required to reach a funded account.
We discuss why many traders struggle with prop-firm evaluations, including the tendency to overtrade, take excessive risk, misunderstand drawdown requirements, or approach an evaluation as though it were a conventional brokerage account.
The podcast explores a different perspective: successful evaluation trading requires understanding the structure of the game and developing a repeatable process around it.The episode also explores the evolution of Sim Funded as a business and the lessons learned from working with traders across different proprietary trading platforms.
We discuss how technology, analytics, risk management, and hedging can play a role in helping traders navigate the evaluation process more intelligently.
At its core, Sim Funded is about giving traders a framework for approaching prop-firm evaluations with greater preparation and discipline.
The book is intended for both newer traders trying to understand how the industry works and experienced traders looking for a more systematic way to approach evaluations.
Whether you're curious about becoming a funded trader, have struggled with previous evaluations, or simply want to understand the rapidly changing proprietary trading industry, this conversation provides an inside look at the strategies, risks, and business mechanics behind the Sim Funded approach.
Read the book. Understand the rules. Manage the risk. Get funded.
Episodes & Posts
Episodes
Posts
22 SEP 2026 · Sim Funded explores the rapidly evolving world of proprietary trading and the opportunity it creates for individual traders. Based on the book by David Downs, Coach at Sim Funded, this podcast examines how prop firms can give traders access to significantly greater notional buying power without requiring them to risk large amounts of their own capital.
The conversation goes beyond the excitement surrounding funded trading programs to explain what traders actually need to understand before getting started. Evaluation rules, drawdown limits, position sizing, consistency requirements, payouts, micros, and multiple accounts can all dramatically affect trading outcomes.
A central theme is that successful prop trading isn't simply about finding profitable entries. Survival and risk management come first. A trader needs to understand how much room they actually have before liquidation, why headline account sizes can be misleading, and why passing an evaluation requires a different mindset from maintaining a funded account.
The podcast also explores why traders should approach the industry with both enthusiasm and skepticism. Understanding the economics, rules, counterparty risk, and payout structure is just as important as understanding a trading strategy.
Whether you're considering your first evaluation or already managing funded accounts, this episode provides an introduction to the concepts behind Sim Funded and explains why understanding the game may be more important than simply learning how to trade it.
CHAPTERS
0:00 The real barrier: capital, not skill
0:15 Separating trading ability from personal capital
0:40 How prop evaluations change the equation
0:52 Warning: this is not easy money
1:00 Why a profitable strategy can still fail inside a prop firm
1:15 Survival comes before profit
1:30 Account size vs. actual drawdown
1:45 Stop hunting for the secret indicator
1:55 Opportunity, with healthy skepticism
2:15 Learn the mechanics before you trade
2:37 Why Sim Funded exists
#PropTrading #FundedTrader #FuturesTrading #RiskManagement #SimFunded
22 SEP 2026 · Episode SummaryWhat does it really take to succeed with a proprietary trading firm or funded trading program?
In this episode, we explore SIM Funded, a practical guide to navigating the rapidly growing world of funded trading. The discussion goes beyond the headline account sizes and focuses on what actually matters: drawdown, risk management, trading psychology, firm rules, and ultimately getting paid.
A $50,000 or $100,000 funded account may sound substantial, but the trader's real risk budget can be only a few thousand dollars. Understanding that distinction can fundamentally change how you approach position sizing, leverage, stop losses, and trading strategy.
We also examine why passing an evaluation and managing a funded account are two different challenges, how trailing and static drawdowns work, what payout rules can mean for a trader, and why understanding the firm's business model is just as important as having a profitable strategy.
The central message of SIM Funded is straightforward: the goal isn't simply to pass an evaluation. The goal is to develop a repeatable trading process that can survive the evaluation, survive the funded account, and ultimately produce consistent withdrawals.
Chapters
00:00 — Introduction to SIM Funded & Funded Trading
An overview of proprietary trading firms, evaluations, funded accounts, and how the model works.
00:29 — The Reality Behind $50K and $100K Accounts
Why the advertised account size isn't necessarily the amount a trader can actually lose.
00:45 — Passing an Evaluation vs. Managing a Funded Account
How the objectives change once a trader moves from trying to qualify to protecting an account and generating withdrawals.
01:07 — Understanding Drawdown & Trading Rules
Trailing drawdowns, static drawdowns, daily loss limits, consistency requirements, minimum trading days, and payout conditions.
01:33 — The Psychology of the Real Risk Budget
Why a $100,000 simulated account with a $2,000 drawdown should be viewed as having a much smaller practical risk budget.
01:54 — The Most Important Question: How Do You Get Paid?
Payout timing, withdrawal limits, consistency rules, post-payout drawdown changes, and whether accounts use simulated or live capital.
02:18 — It's About the Environment, Not a Secret Strategy
Why understanding the structure and rules of a funded trading program can be as important as the trading strategy itself.
02:40 — Risk Management, Discipline & Survival
How controlling risk, managing psychology, and respecting drawdown can change the way traders approach funded accounts.
02:55 — From Passing Evaluations to Consistent Withdrawals
The ultimate objective: building a repeatable process that can survive the evaluation and continue producing sustainable results.
Sim Funded: The Book, the Strategy, and the Business Behind Getting Funded What does it actually take to pass a proprietary trading evaluation and become a funded trader? In this...
show more
Sim Funded: The Book, the Strategy, and the Business Behind Getting Funded
What does it actually take to pass a proprietary trading evaluation and become a funded trader?
In this podcast, we take a deep dive into Sim Funded, the book designed to help traders better understand the world of simulated trading, futures evaluations, and proprietary trading firms. Rather than simply focusing on trading strategies, the conversation examines the entire process—from choosing an evaluation and understanding the rules to managing risk, controlling drawdowns, and developing the discipline required to reach a funded account.
We discuss why many traders struggle with prop-firm evaluations, including the tendency to overtrade, take excessive risk, misunderstand drawdown requirements, or approach an evaluation as though it were a conventional brokerage account.
The podcast explores a different perspective: successful evaluation trading requires understanding the structure of the game and developing a repeatable process around it.The episode also explores the evolution of Sim Funded as a business and the lessons learned from working with traders across different proprietary trading platforms.
We discuss how technology, analytics, risk management, and hedging can play a role in helping traders navigate the evaluation process more intelligently.
At its core, Sim Funded is about giving traders a framework for approaching prop-firm evaluations with greater preparation and discipline.
The book is intended for both newer traders trying to understand how the industry works and experienced traders looking for a more systematic way to approach evaluations.
Whether you're curious about becoming a funded trader, have struggled with previous evaluations, or simply want to understand the rapidly changing proprietary trading industry, this conversation provides an inside look at the strategies, risks, and business mechanics behind the Sim Funded approach.
Read the book. Understand the rules. Manage the risk. Get funded.
show less
What does it actually take to pass a proprietary trading evaluation and become a funded trader?
In this podcast, we take a deep dive into Sim Funded, the book designed to help traders better understand the world of simulated trading, futures evaluations, and proprietary trading firms. Rather than simply focusing on trading strategies, the conversation examines the entire process—from choosing an evaluation and understanding the rules to managing risk, controlling drawdowns, and developing the discipline required to reach a funded account.
We discuss why many traders struggle with prop-firm evaluations, including the tendency to overtrade, take excessive risk, misunderstand drawdown requirements, or approach an evaluation as though it were a conventional brokerage account.
The podcast explores a different perspective: successful evaluation trading requires understanding the structure of the game and developing a repeatable process around it.The episode also explores the evolution of Sim Funded as a business and the lessons learned from working with traders across different proprietary trading platforms.
We discuss how technology, analytics, risk management, and hedging can play a role in helping traders navigate the evaluation process more intelligently.
At its core, Sim Funded is about giving traders a framework for approaching prop-firm evaluations with greater preparation and discipline.
The book is intended for both newer traders trying to understand how the industry works and experienced traders looking for a more systematic way to approach evaluations.
Whether you're curious about becoming a funded trader, have struggled with previous evaluations, or simply want to understand the rapidly changing proprietary trading industry, this conversation provides an inside look at the strategies, risks, and business mechanics behind the Sim Funded approach.
Read the book. Understand the rules. Manage the risk. Get funded.
Information
| Author | Rekt Tech |
| Organization | Rekt Rob |
| Categories | Investing |
| Website | - |
| get@simfunded.com |
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