James Sixsmith, CEO of Take Profit Trader, returns to The Day Trading Show for a deep-dive on prop firm infrastructure, risk management, and what actually predicts a trader's success. He explains the difference between front-end platforms (NinjaTrader, Tradovate, Wealth Charts) and back-end order/risk management systems (CQG, Rithmic, Teton, CTS), and why building a fully in-house risk system has taken TPT two years and counting.
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He goes deep on CME Rule 575 (disruptive/spoofing practices) and why TPT enforces live-market rules in simulation too — because strategies that work in sim get carried into live, and TPT is on the hook with the CME regardless of account size. He teases the upcoming TPT Score (a multi-factor, AI-driven scorecard using 120+ data vectors from 6.6 billion filled sides) and confirms it's being held back until edge cases are reliable enough to avoid ranking mismatches. The conversation closes with his read on what separates winning traders — smaller size, longer hold times, fewer trades — and how prop trading fits into the broader boom in prediction markets, AI-assisted trading, and retail speculation.
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00:01:23 – Stanley Cup talk (Caps, Canes, Panthers, Rod Brind'Amour)
00:10:10 – Pro+ program updates and platform landscape (Wealth Charts, Apex)
00:13:00 – Front-end vs. back-end: CQG, Rithmic, Teton, CTS explained
00:16:40 – Why building an in-house risk/platform system takes years
00:23:20 – Strategies TPT won't fund; simulation exploitation
00:24:40 – CME Rule 575, spoofing, and Aventus surveillance system
00:33:00 – How TPT protects downside on live accounts using trade data
00:38:05 – TPT Score explained: 120+ AI vectors, why it's not live yet
00:52:00 – What makes an ideal trader: trade smaller and less often
00:56:00 – Copy trading, leverage, and why "9010 rule" traders complain
