Could a prop firm (day trading) ruin your trading?

Discussion in 'Professional Trading' started by coolpurplefan, Dec 3, 2007.

  1. I mean do they force you to overtrade to a point where you might be less effective in the markets? I had an interview to trade with a prop firm and I really want to do it but I kind of wonder if it would make it hard for me to also do swing and position trades later on.
     
  2. Alot of great traders began in minutes/hours time frame and expanded out.. ie Paul Tudor Jones, Livermore, etc.

    I will say that most daytraders never end up swing trading so maybe they're an exception.

     
  3. Would day trading make me a good futures trader? Would the futures on NASDAQ 100 or S&P500 be a good choice to progress into?
     
  4. "Pressure to Trade" is a huge problem going Prop. It's especially bad when markets are not moving much....ala 2004 -> 2006.
    You've got to be good right out of the blocks or you'll blow-up very fast.