Could a prop firm (day trading) ruin your trading?

C

coolpurplefan

I mean do they force you to overtrade to a point where you might be less effective in the markets? I had an interview to trade with a prop firm and I really want to do it but I kind of wonder if it would make it hard for me to also do swing and position trades later on.
 
Alot of great traders began in minutes/hours time frame and expanded out.. ie Paul Tudor Jones, Livermore, etc.

I will say that most daytraders never end up swing trading so maybe they're an exception.

Quote from coolpurplefan:

I mean do they force you to overtrade to a point where you might be less effective in the markets? I had an interview to trade with a prop firm and I really want to do it but I kind of wonder if it would make it hard for me to also do swing and position trades later on.
More...
 
Quote from coolpurplefan:

I mean do they force you to overtrade to a point where you might be less effective in the markets? I had an interview to trade with a prop firm and I really want to do it but I kind of wonder if it would make it hard for me to also do swing and position trades later on.
More...
"Pressure to Trade" is a huge problem going Prop. It's especially bad when markets are not moving much....ala 2004 -> 2006.
You've got to be good right out of the blocks or you'll blow-up very fast.
 
You must log in or register to reply here.
Back
Top