To help answer the OP question about how to prepare?
The first action a potential Prop-Retail( that is a Prop firm that requires a trader to put up his own capital)trader needs to do is look at his bank account and ask:
"How much of my money do I what to deposit at a Prop-Retail company"????
Another question would be.
"What are the main benefits would a trader get if he goes Prop-Retail". Maybe list them out and compare good vs bad.
