Words of Rizdom

Ethical Hybrid Prop Firm

This idea centers on launching an ethical, trader-focused prop firm that operates on a hybrid model designed to align the interests of the firm and its traders. Unlike conventional setups that rely entirely on B-book models—where the firm’s gains come at the expense of the trader—this hybrid approach would integrate elements of both A-book and B-book trading, ensuring that profitable and experienced traders are rewarded fairly, while new or less consistent traders receive the support they need without being exploited. The firm would place strong emphasis on transparency, adequate cash reserves, and ethical risk management practices. Implementation would involve securing sufficient capital, partnering with reliable technology providers, and establishing clear, trader-friendly evaluation criteria. It addresses the problem of prop firm mismanagement and unethical practices that erode trader trust. The target audience includes experienced traders who have built a consistent edge, as well as aspiring traders looking for a supportive, fair funding environment. Specific strategies could include rigorous background checks for firm founders, clear contractual commitments on payout policies, and educational support for traders to develop their skills.

Other High Score: 7.0/10

From: #1 FTMO Trader Exposes Myth About Trading Psychology

Automated Trade Journaling SaaS

This idea proposes the development of a SaaS platform that automates the process of trade journaling for traders across various markets. The tool would automatically import trading data from platforms such as MT4 and MT5, perform back testing, and generate detailed analytics and visual trade replays. By automating what is traditionally a manual and time-consuming task, traders can better analyze their performance, identify patterns and mistakes, and ultimately refine their trading edge. Implementation would involve building robust software capable of connecting to popular trading platforms and handling secure data processing. Essential features might include an intuitive dashboard, customizable reporting, and integration with other trading and portfolio management tools. The platform addresses the critical need for disciplined record keeping and performance evaluation—a gap in many trader routines—thereby appealing to both individual traders and educational programs. The target audience is digital entrepreneurs with technical backgrounds or those able to partner with developers, as well as traders seeking to professionalize their trading routines.

SaaS Medium Score: 7.4/10

From: #1 FTMO Trader Exposes Myth About Trading Psychology

Automated Trading Journal Platform

This business idea involves creating a SaaS solution that automates the process of trade journaling and performance review for active traders. The platform would allow traders to import execution data, automatically log trades, generate analytics, and help identify and refine trading strategies. The inspiration comes from the manual process discussed in the episode—which involved painstakingly entering trade details into Excel—and the subsequent transition to an automated solution like Trade Zella. By reducing the friction of data entry and offering deep insights via customizable analytics dashboards, traders can focus more on refining their strategies rather than managing paperwork. The implementation would involve developing a robust web-based platform (and possibly a mobile app) that securely integrates with various trading platforms or brokers via APIs. Key features would include real-time trade tracking, performance metrics, backtesting functionality, and automated report generation. The target audience includes day traders, swing traders, and even aspiring traders looking to manage their learning curve and performance more effectively. By addressing a common pain point in the trading community, this platform solves the problem of inefficient, error-prone manual journaling and can drive recurring revenue through monthly subscriptions.

SaaS Medium Score: 7.6/10

From: Canada's #1 Youngest 7 Figure Day Trader - Scarface Trades

Prop Firm Challenge Aggregator

This business idea centers on building an online marketplace that aggregates and compares proprietary trading firm challenges for aspiring traders. The platform would provide a comprehensive database of prop firms, including details such as challenge costs, evaluation criteria, discount offers, and user reviews. Inspired by the interview discussion and the explicit mention of prop firm trader.com, this marketplace would serve as a one-stop shop to help traders select the most suitable prop firm challenge based on their style and risk tolerance. The aggregator could include features such as advanced filtering options, comparison charts, and integrated discount codes to drive user engagement and facilitate transactions. The revenue model could be based on affiliate commissions, referral fees, or even subscription access for premium insights. The target audience includes new traders entering the prop trading world as well as experienced traders looking to optimize their challenge selection process. By simplifying the search and evaluation process for prop firm challenges, the platform serves a clear market need and presents a strong business opportunity within the digital economy.

Marketplace Medium Score: 7.8/10

From: Canada's #1 Youngest 7 Figure Day Trader - Scarface Trades

Prop Firm Challenge Aggregator

This business idea involves building a digital marketplace that aggregates multiple prop trading firm challenges into one easy-to-use platform. The platform would serve as a central hub for traders seeking opportunities to prove their skills and secure funded trading accounts by comparing various prop firm challenges, discount offers, and exclusive giveaways. By integrating filtering options based on trading style, geographic preferences, and discount codes, the platform would empower traders to quickly identify the most cost-effective and suitable challenges for their needs. Implementation would likely include developing a responsive website with affiliate partnerships, API integrations for real-time deal updates, and a user-friendly interface that organizes various challenge attributes. The core problem solved is the fragmentation of prop trading challenges across multiple websites, which can confuse traders and hinder access to the best available opportunities. The platform’s target audience is independent traders and aspiring prop firm participants who are looking for streamlined access to multiple offers. Entrepreneurs can start with a lean website model, leveraging digital marketing and affiliate revenue streams to generate early income.

Marketplace Low Score: 8.2/10

From: The TRUTH About TRADING No One Tells You | Jack Schwager

Verified Trader Funding Platform

This idea centers around creating a digital platform that bridges the gap between talented, emerging traders and investors who are looking for fresh opportunities outside the traditional hedge fund arena. By having traders link their brokerage accounts, the platform automatically aggregates verified performance data, including detailed analytics such as equity curves, drawdowns, and specialized risk metrics. This verified data provides traders with a free, robust analytical dashboard and serves as a portfolio that investors can review to discover high potential talent from underrepresented regions. The implementation would involve building a secure, API-driven platform that connects with brokers to pull live performance data, then presents that data in a comparative and engaging format for both traders and investors. Entrepreneurs could initially focus on a minimum viable product targeting traders in markets where access to professional capital is limited, then scale by partnering with global brokerage firms. This solution addresses the problem of talented traders being overlooked due to geographical barriers and the traditional dominance of large hedge funds. The target audience includes independent traders, prop firm hopefuls, and investors seeking diversified, performance-based opportunities.

Marketplace Medium Score: 8.6/10

From: The TRUTH About TRADING No One Tells You | Jack Schwager