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
