Prop Firm Trap! Beware!

12/09/24 • 17 min

I’ve been talking about prop firms recently, particularly because I am now giving them a try. As I’ve quickly gained experience, I want to point out a trap that exists within the framework of how they work. Prop firms offer a whole lot of upside potential and require very little risk on your end monetarily speaking, but whether it is intentional or not is irrelevant, there is a trap that can create all kinds of pain and headaches. The good news is, the fix to this trap is very straight forward and can be prepared for if you approach all of this in the right way. What is the right way? What is this fix? I’ll walk you through this and more in our episode. Let’s get to it!

Previous Episode

A Common Complaint

It’s not always rainbows and butterflies. Sometimes people have complaints and sometimes those complaints pertain to us. If you would consider yourself a technical trader (or you are thinking of becoming one), then episode is for you. One of the key’s to success is to welcome complaints and see if you have a valid response to them. Who knows, perhaps someone’s complaint is valid and there needs to be a deeper consideration of what is being pointed out. Is this the case here? Nope. But, if you ever get this complaint thrown at you, let’s make sure you know how to respond and.. politely... correct the person logging the complaint!

Next Episode

An Eye Opening Experience

I’ve recently moved to Iowa and started to attend a new church. Why am I telling you this? I’ve had a couple people at the church take interest into trading and they are now members of my community. Because they are “friends in real life”, I have an insight that I’ve never really had before. They have a great and genuine interest and are working hard at the craft. I recently had an interaction with both of them that was an eye opening experience for them both, but in particular, Jim. I’m confident that you can use what Jim realized to position yourself in a better spot as a trader. It’s nothing complicated, but it’s something that can (and should) be leveraged to motivate yourself in the right ways as a trader. What was this experience and how can you use it? Let’s discuss!