Q2 2026 Edition · For Operators, by Operators

The 2026 Prop Firm Risk Playbook.

Ten stories from the operator's side of the glass. What we've seen. What we've learned. What most firms are still missing in 2026.

One story at a time. Turn pages like a book. 10 stories · ~15 min read.

A note on method

Every story in this playbook is based on real cases we've worked.

Every story in this playbook is drawn from real cases we've worked on across the retail prop firm industry over the past decade.

We've changed the names, the firms, the countries, the amounts, and the specifics. We've kept the shapes. If a trader in this playbook reminds you of someone on your funded list, that isn't a coincidence. These patterns repeat, and that's why we've written them down.

What we haven't written down is how we detect them. The mechanics of detection are where our work lives, and we keep them private. Both because they're ours, and because once a detection method is public, it stops working. What we have written down is what the patterns look like from the operator's chair. If you see these shapes in your own data, you already know what to do. If you don't, that's when a conversation is worth having.

§ Contents

Ten stories. One industry.

§ Ready?

Open chapter 01 and start reading.

Or grab the whole thing as a PDF. Both options, same content. Your choice.