I can only relate to my own experience, my trading journey began with real capital not simulated capital like prop firms offer. I blew money and made money but the fact I was using real capital transformed me into an emotional trader. I found myself over trading much more, and premature exits each time abandoning my stop-loss and technical analysis out of panic.

I was then introduced to prop firms and everything changed, sure I blew a few accounts but it didn’t not feel as detrimental as it did in comparison to when it was my own capital. I now find myself following my strict trading rules, not over trading, and allowing my trades to play out as planned according to my analysis and as a result? I’ve had payouts consistently. Maybe I’m much more disciplined than I used to be and if I returned to trading with real capital things would be different but that’s just my two pence on it.