Notes on risk, evaluation, and disciplined execution.

Real market thinking from the traders building Pipster.

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What Is Prop Trading?
IndustryAug 6, 202612 min

What Is Prop Trading?

Prop trading lets skilled traders access capital they don't own and keep most of the profit. Here's how proprietary trading works, the rules that come with it, and how to tell a real opportunity from an expensive lesson.

The Pipster Desk
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Korea's $600 Billion Lesson in Leverage
Market AnalysisAug 3, 20269 min

Korea's $600 Billion Lesson in Leverage

The KOSPI was the best-performing index on the planet, up 116% by June. Then it gave back a third in six weeks and margin-called over a million retail accounts. Here's what funded traders should take from it.

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What Is a Prop Firm?
IndustryMar 18, 202610 min

What Is a Prop Firm?

What is a proprietary trading firm, how do evaluations work, and is it worth paying for funded capital? Everything you need to know.

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How Do Prop Firms Work?
IndustryMar 18, 202610 min

How Do Prop Firms Work?

From evaluations and profit splits to drawdown rules and payouts - a step-by-step breakdown of how proprietary trading firms actually work.

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Oil Prices, War, and Your Wallet
Market AnalysisMar 13, 202612 min

Oil Prices, War, and Your Wallet

How the Iran conflict is about to hit everything from airfares to your funded account. Crude went from $70 to $110 in two weeks. Here's what's actually going on.

The Pipster Desk
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From B-Book to Funded Trader
IndustryFeb 27, 20267 min

From B-Book to Funded Trader

Prop firms paid almost $325 million to traders in 2025. To understand how we got here, you have to go back to the model that came before: the B-Book retail broker.

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Swaps vs Swaps: Why This One Word Means Two Completely Different Things in Trading
PlaybookFeb 14, 202610 min

Swaps vs Swaps: Why This One Word Means Two Completely Different Things in Trading

The word 'swap' means two completely different things depending on who you're talking to. One is a trillion-dollar derivatives market. The other quietly eats into your P&L every night.

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How to Trade Commodities in a Prop Account
PlaybookJan 28, 202612 min

How to Trade Commodities in a Prop Account

Gold, oil, and the dollar relationship. What prop traders need to know about commodity mechanics.

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The Market Shift You've Been Feeling
Market AnalysisJan 26, 20267 min

The Market Shift You've Been Feeling

Why the market doesn't feel the same anymore, and what the macro signals are telling us.

The Pipster Desk
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