There has never been a better time to become a prop trader than now

a thread....

What is prop trading?

Prop trading is simply, you trade firm capital and you split the profits with them

Each firm is different in the way they do it

Some firms require you to pay a “tryout fee” which is a couple hundred dollars, usually, and you trade either a demo account within their parameters

Their parameters are typically:
-small draw down (max loss)
-profit target
-max position size (risk)
-minimum # trades
-minimum trading days

This is a generalization, some firms have more strict requirements, like day trading only, Forex only, no holding over weekends, no holding near news events, futures only, equities only etc...

Some firms let you day trade, swing trade, hold overnight, over weekends, around news events, all asset classes. There is a firm out there that is right for you

IF YOU CAN ACTUALLY MANAGE RISK &&& MAKE PROFITS

Here’s a hack, use the parameters that these firms lay out to build a strategy around

They are literally telling you what they want

Most traders approach trading with their own belief system about markets, thinking that their ideas of the market, news, and game theory (or whatever) is better than anyone else

But that DOESN’T MATTER in trading, especially prop trading

Your job as a prop trader is to not hit your draw down level, not oversize positions, stay within your risk levels, and consistently make money, every week, month, year...not every trade

Let’s look at @C_T_Imperium for example http://citytradersimperium.com 

Focusing on the 20k account, because it’s the cheapest to try out for

They give you a $5,000 USD account to trade on, this is real money BTW so whatever profits you earn in here AND you successfully pass the challenge, those profits are then added to your fully funded account

So with a $5k account, you need to make $300 profits and not lose $200 without risking more than .25 lots, this is FX only

You have a requirement of 30 minimum trading days and 45 minimum trades to do this, with a max risk per trade of 1.5%

A couple of things here

1- you have to break this up in at least 45 trades, so there’s no hero trading required

2- It’ll take more than 30 trading days to accomplish

3- $300/45 = $6.66 average winner at 100% win rate OOOOOOR $13.32 with a 50% win rate over 45 trades

PATIENCE IS THE BIG WIN

All you have to do is to develop a strategy that will meet these requirements

Then simply trade that same strategy

Because if you do that you will end up with a $2 million account slowly and steadily

Also 50% of all profits are YOURS

This is what we do in the Trading Lab EVERY DAY

We are helping traders trade a strategies that will get them funded at FTMO, City Traders Imperium, The 5%ers, Maverick, Top Step Traders, SMB Capital, and any other prop firm

Join us at https://www.pollinatetrading.com/lab 

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