Is experience at a prop firm required to be a successful retail trader?

Discussion in 'Prop Firms' started by gambleditall, Sep 27, 2018.

  1. Practise which aspect? Chart reading and TA or risk mgmt, cuz there are many aspects that makes someone a successful trader.
     
    #21     Sep 27, 2018
  2. qxr1011

    qxr1011

    but you better starts with tabula rasa and be very careful with what you will fill it
     
    #22     Sep 27, 2018
  3. qxr1011

    qxr1011

    start trading, (on paper or on small account)
    you want to buy something buy something, you want to sell something sell something

    eventually you will feel unsatisfactions with your actions

    start looking for answers, read books, ask at forums etc, but be careful - those answers are just tips,

    continue trading..

    new questions will arise,

    again look for answers around you

    then the time will come when you stop looking around, when you will start looking within

    this the time when you are ready to fill your tabula rasa

    salvation lies within :)
     
    #23     Sep 27, 2018
    beginner66, _eug_ and gambleditall like this.
  4. Sprout

    Sprout


    Adopt a fast feedback loop. Observe the market in it's basic granularity. Build your distinctions through deduction. Log your observations as per your trading timeframe. Debrief the day. What you first identify as 'noise' can eventually become signal.

    Few ever do the work required to do this.

    At some point what was once impossible becomes possible. Beliefs form perception. To increase one's perception, eventually, one will have to examine their beliefs around how markets actually function to get to the truth of the matter. Price migrates, volume leads price, etc. Many a distraction you will encounter of those whom never do the work required. Instead they complain and bray.

    The fact that you are paying attention to 'things that you didn't know that can be knowable' is the right direction. That information can come through a variety of ways, even books, youtube, educators, forum posts, etc.

    One can know a thing by knowing what it is not.

    As you build your capacity for discernment, so to will your capacity to extract the market's full offer.
     
    #24     Sep 27, 2018
    S-Trader, gambleditall and Overnight like this.
  5. your name is gamble it all
    how will you ever become a successful trader
    the definition of trading is not gambling
     
    #25     Sep 27, 2018
  6. Thank you everyone, awesome insights.

    Its just a name... I practise good risk management
     
    #26     Sep 27, 2018
  7. MarkBrown

    MarkBrown

    the fact that you think education is a qualification for trading just doomed you.
     
    #27     Sep 27, 2018
    ElectricSavant likes this.
  8. I don't think its a qualification required for trading but most trading firms afaik prefer math/comp sci students if they are recruiting for jr positions.
     
    #28     Sep 27, 2018
  9. MarkBrown

    MarkBrown

    there should be one qualification, can you make money. maybe your goals are too low, not a prop shop i know have a jet? know of any? find a guy who has a jet and work for free if you have to. janitor closets are not all that bad and stairwells are seldom used.
     
    #29     Sep 27, 2018
  10. #30     Sep 27, 2018