You already know how fast things can change, especially when day trading, if you have ever traded in real-time with a prop firm. One minute the market looks stable and predictable, and the next it is blasting through your levels like they never existed. When you are working inside strict risk rules, limited drawdown allowances,…

There genuinely were prop trading firms that, in the early 1980s, began hiring, training, and employing traders who could access substantial capital-not requiring any contribution from the trader. Futures trading-type of interesting business: beginners think it is for them, and of course, the experienced ones also expect it to be very liquid and leverage-able. For…

  Every trader must deal with impatience given the highly stressful situation with financial trading. Especially with foreign exchange, commodities, and equities, traders deal with swift moving market situations that can cause the trader to make poor long-term decisions. To keep discipline and attain consistent outcomes, it is necessary to deal with impatience on a…

When you learn about prop trading firms—or "prop firms" for short—you'll usually find one product that keeps cropping up: S&P futures. Okay, there are loads of various futures contracts available—crude oil, gold, Nasdaq, even crops like soybeans—but when it comes to what a lot of prop traders rely on day in and day out, the…

  Being the designated hitter in trading, discipline is not simply a virtue — it's a requirement. When it comes to prop firms, their daily drawdown (amount of money you can lose in a day), stop out level and max number of trades are far more strict — violate them and you may kiss your…