Reasons to Start Trading with a Prop Account
Recommended for New Members *********
Here at DayTradingRadio I teach a trading methodology that is sculpted for day traders and what I like to call income traders.
Were you are in front of your trading screen for enough time to have some opportunities show up. When I say "Opportunities" I really mean a precise entry criteria is being met and you "MUST" take the trade. It's like if you are playing poker, you need to bet if you have a great hand. That's how you win. My passion for trading and teaching how to recognize these opportunities is without match. The beginning journey could be a bit overwhelming as you are immersing yourself into a
strict set of rules that will define how you enter and exit a trade. You will have to learn concepts in momentum and gain over time a "feel " for the markets that happens when you following it for days.
There will be mistakes and bad beats, late entries and what I call the 2 biggest reasons traders fail
Lack of
Patience
Lack of Discipline
There will be a small learning curve but it will be minicul when compared to starting without this trading method and knowledge.
My job is to identify these important trading setups/zones. Your job is to be there to confirm and execute the trade.
Before trading your own money PLEASE trade the Prob
Simulation Account and qualify or not, but learn and use this as your training ground, Prop Trading is harder then regular trading, as you must abide by some of there rules and trailing drawdowns , but the fact is by doing this you are learning very good money management skills and understanding of what works and most importantly the discipline of taking short term profits and not overtrading.. Plus the fantastic bonus of getting a real funded account (identical to the one you qualified
on) You must continue to use the same trading rules that you qualified with for your real funded account. If you hit your trailing drawdown you lose the account and need to re-qualify so please just take qualified trades
**1. Risk-Free Skill Development**
With the easy implementation of prop accounts, it is important, especially for beginner traders, to hone their skills without risking their personal capital. The purpose of a prop account at Day
Trading Radio is to hone and perfect the techniques taught.
**2. Comprehensive Trading Tools**
Starting with a prop account gives you all the tools necessary to start trading.
You will receive:
- 1. A great trading and charting platform (Ninja Trader)
- 2. A Ninja Trader license, which enables you to use the Rock Bot trading scripts
- 3. A live real-time data feed, which is required for
real-time quotes and charts
**3. No-Risk Opportunity to Earn a Funded Account**
With a prop account, you have no risk but do have the opportunity to qualify and receive a funded account by reaching the set profit goals without hitting your trailing drawdown or stop. -
**Account Size and Profit Targets**:
- $25,000 account: $1,500 profit
target
- $50,000 account: $3,000 profit target
- $100,000 account: $6,000 profit target
- $150,000 account: $9,000 profit target
- $250,000 account: $15,000 profit target
I usually recommend beginner traders
start with a $25,000, or $50,000 account size.
**4. Focus on Futures Trading**
Our scaling/day trading program focuses on futures trading, including various futures products, with a primary focus on the ES Mini/MES and NQ Mini/MNQ.
**5. Low Cost with Minimal Risk**
With prop trading
accounts, your cost to open an account is very minimal. With the supplied discount coupons, you can trade these accounts for under $30 a month and, in some cases, under $20 a month, depending on the current discount coupon available. Again, there is no risk involved.
Here is a walk through the process of opening a Bulenox and APEX prop accounts, these are the ones we use to trade with on DayTradingRadio and our members have given it good reviews. I go over some tips and
general overview on how everything works .
