304 · Kyle Ng aka JadeCap - $4.5M with Process, Patience, and Prop Firms

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Jul 31, 2025

Kyle Ng, known as JadeCap, is an accomplished Forex and futures trader who holds the record for the largest prop firm payouts. He shares his evolution from struggling academically to mastering trading with patience and discipline. The conversation dives into the importance of risk management and adapting strategies in volatile markets. Ng discusses the mental hurdles of trading, the shift to a long-term mindset, and the advantages of using prop firms to maximize returns while managing risks. His journey is a testament to resilience and strategic growth.

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ANECDOTE

Kyle Ng's Trading Beginning

Kyle Ng started trading after a childhood friend introduced him to Forex when he returned home from college.
He disliked traditional jobs and sought independence through trading his own way.

ADVICE

Focus on Trade and Risk Management

Focus on trade management and risk management rather than on constantly changing strategies.
Proper sizing of trades and knowing when to scale in multiples is key to consistent profitability.

ANECDOTE

Account Blowups and Shift to Swing

Kyle blew up many trading accounts due to short-term mindset and overtrading.
Switching to swing trading reduced his screen time and losses as he took fewer but better-quality trades.

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From academic struggles at SUNY Albany to holding the world record for the largest prop firm payouts—roughly $4.5 million in total, Kyle Ng a.k.a. JadeCap’s journey started out like many aspiring traders. Sparked by a childhood friend's success in forex about 14 years ago, he found his way into the financial markets. Like many traders, he went through the pain, losses and sacrifices and struggles, but at the same time he’s also unlike many traders, slowly building his edge through discipline, risk management, and a long-term mindset.

Over the years, he’s leveraged prop firms to scale his returns, transitioning fluidly between forex and futures while adapting his approach to changing market conditions. Influenced by ICT’s teachings, his style blends patience, adaptability, and the wisdom to step back when the market calls for it.

In this episode, we dive into the mindset behind the milestones, the real-life lessons from his trading evolution, and what it truly takes to thrive in trading.

Trading Disclaimer

Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Time Stamps

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00:00 Introduction and background
10:25 Early trade experiences
12:30 Evolving strategies
16:55 Blowing up accounts
21:10 Evolving into a full time trader
25:55 Utilizing online prop firms to minimize risk
01:55 The real money is made with processes
35:05 ICT trading system
39:40 Success tied to intuition?
43:30 When to put the foot on the gas
50:00 Resisting the urge to change strategies
56:05 What Kyle struggles with
58:20 How to reach Kyle
58:40 Bonus Section: Tessa Chats with Kyle – more on prop firms

Links + Resources

Reach Kyle on X: https://x.com/jadecap_
Kyle’s YouTube Channel: https://www.youtube.com/@JadeCap
Kye’s Instagram: https://www.instagram.com/jadecapofficial/?hl=en

Sponsors of Chat With Traders Podcast:

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