Why does Kyle Ng recommend prop firms?

A trader with a few thousand dollars of savings has two options: risk money they cannot afford to lose, or rent buying power. Prop-firm evaluations are the rental application. Pass the evaluation's rules and you trade the firm's capital for a share of the profits.

The evaluation itself is a discipline test more than a strategy test. Daily loss limits and drawdown rules punish exactly the behaviors that blow retail accounts: oversizing, revenge trading, and refusing to stop. A trader who already trades one system with one invalidation per day is most of the way to passing.

Kyle's own results came through this path. He states publicly that he broke the world record for the largest prop-firm payout, about $2.5 million, and that his total payouts exceed $4.5 million. The Trading Apprentice provides education only. Trading futures carries substantial risk of loss. Results described here are specific to the people named, are not typical, and are not promised or guaranteed. Never trade with money you cannot afford to lose.

Sources: How To Pass Prop Firm Evaluations · tradingapprentice.com