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Pyramid of Success

What is important for you (pause here... . and now the accentuation) to succeed as a prop trader?  

Work together in a group to fill in this blank pyramid.

Failing is not an option. 

FIRST, BE UNORIGINAL

As you progress, you will get better at the plays that you are taught or learn. You will learn to trade with more size incrementally. You may stumble across a new play here and there. But almost all of the money that you make as a new trader should be from statistically measured, basic trading plays. Think of it as the first few pages of a high school football playbook, basics up front, advanced stuff later on.

Master the basic trades first.

talent absent hard work and good listening skills is not rewarded by the market.

If you pretend to know what you are doing when you start, you will quickly just prove that you don’t. You need reps. Experience will be the cure. There is only one outcome for those who pretend they know what they are doing. And that result is not a long-term future on a trading desk, or even as an individual trader.

Spend your first three years just mastering basic trading plays and pushing yourself every day to get better. Save the new strategies for after you have learned how to trade.Be unoriginal.

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