Because most of traders that profit from prop firms don’t grow an account. They gamble one challenge after another and one of them eventually will drop some payout and that payout will pay for all the challenges.
With a real trading account you can’t trade like that.
Prop firm trading is not real trading, but still a good way to initially get some money to start a real account.
There’s two types of trading days.
- high conviction, one directional, volume driven days = these are the days you need size up and trade
- low volume, no direction, chop and confusing days = either sit on the sidelines or size down
More than 60% of your profits can and should come from the first easy days if you size well and execute on a high level.
Today is a prime example of a high conviction day.
@karaoke_andi agree 💪and the interesting thing is that the technical side can be learnt quickly and taught, whereas the mental side is the hardest to learn and can only be learnt through years of making and learning from own mistakes.
The EXACT Mindset of a Profitable 7 Figure Trader 🔥
Accepting your trade can lose and almost treating your trade as a loss to remove the emotion and treat trading like a business.
The profitable traders always have a process and mental thought processes that allow them to stay calm and focused.
This episode with Kyle is a deep dive into high level processes for high level trading performance.
Watch this episode now using the link in our bio or on YouTube just search - Words of Rizdom JadeCap 🚨