I've been recently interested in going prop, and have located a prop firm in my city. I'll refrain from mentioning the name. As I have no experience in intraday trading, I'm looking for inputs from those that have.
Let me clarify. I trade options primarily, and I know how to handle a position and my risk. I also know my entry/exit criteria. From what I could find using search on ET, daytrading is similar in some aspects but vastly different in others to options. While I realize I have to learn a new set of rules in the intraday market, my options background and experience is to me more important than making it as a day trader. I say that because I have heard from others that daytrading is the hardest equity trading out there as there is so many things that the other side can do to screw one over.
So I guess my question is, is daytrading integratable with my options trading, or is it 2 completely different games? Or perhaps this is a question that only I can answer.
The key point is that whatever knowledge of daytrading I acquire, shouldn't override my options knowledge. Side by side or complimentary yes, but never overriding. This is why I ask for inputs from those with experience. Of course I would like to succeed in the day trading arena, who wouldn't, but if learning a new game destroys my old game, I'd rather stick to my old game.
Let me clarify. I trade options primarily, and I know how to handle a position and my risk. I also know my entry/exit criteria. From what I could find using search on ET, daytrading is similar in some aspects but vastly different in others to options. While I realize I have to learn a new set of rules in the intraday market, my options background and experience is to me more important than making it as a day trader. I say that because I have heard from others that daytrading is the hardest equity trading out there as there is so many things that the other side can do to screw one over.
So I guess my question is, is daytrading integratable with my options trading, or is it 2 completely different games? Or perhaps this is a question that only I can answer.
The key point is that whatever knowledge of daytrading I acquire, shouldn't override my options knowledge. Side by side or complimentary yes, but never overriding. This is why I ask for inputs from those with experience. Of course I would like to succeed in the day trading arena, who wouldn't, but if learning a new game destroys my old game, I'd rather stick to my old game.
