Bought 1 mil (5 × 200K) prop challenges and blew them all in months. Here's why.
When I first discovered the prop firm industry 2 years ago I was like "wow, they give me 200k for just 1k fee lol — I'll go there and rob the casino." Had a normie job for years, but trading on the side was where 90% of my actual income came from — which is exactly why I thought I could waltz into prop firms and dominate.
200k was not enough — I thought — I needed SIZE. So I researched the top 5 firms and took 200k accounts in each of them. Now I had 1 mil of challenges connected through copytrader.
Long story short, obviously, I breached all of them in the next few months. The reason is plain simple: trading prop firm capital (and especially many accounts simultaneously) is not the same as trading your own. Your edge may simply not work in these frames, and even if it does, you still always have the firm rules in mind — which affects your decision making on every entry.
I know I'm not the only one like this, so if you just discovered prop firm space — keep this in mind. Don't go big. Try one small account first and scale from there. Leverage here is abundant; skill rules.
If I started today: 1 challenge, small size, treat it like a skill assessment — not a payday. Anyone scaling to multiple challenges before proving they can pass one is just paying the firm to teach them this lesson.
Now I run a similar multi-account setup, but my own-funds account is the main one. Prop accounts run on small risk only, and I close all positions before news, weekends etc.. Different rules for different capital.