11.1 Prop Firm Math: Edge, Barriers, and Cash After the Fee
A prop account is a discretionary payout contract on a simulated book, not capital. Read the framing here; download the full book as PDF.
Pillar
11. Alpha or Artifact
Adversarial replication home for trading papers. Not an edge thesis, a method pillar: take one paper, reproduce its load-bearing number, try to kill it (costs, permutation, leakage, subperiods), then verdict: real / conditional / dead-on-arrival.