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Tips from a prop trader
Good evening. I am a futures trader who works for a prop trading firm. Here’s some tips for people that are struggling. 1. Study your trading: I always record my sessions. I review my sessions at the end of the week. I make sure that I am thinking properly. I find discrepancies in my judgement and make note to account for them in future sessions. 2. Consistency is key: Maintaining standards for utility (Risk:Reward) is more profitable than going for homers. 3. Pay attention to significant events: Know when CPI is going to hit. Know when elections are happening. Know when earnings are happening. 4. When you have it, you have it: I am a winning trader. I haven’t had a losing week in months. My corporate account is up 600% YoY. I don’t break myself emotionally.4
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