THEY DON’T LOVE TRADING

Prop traders have learned that their performance when the bell rings is determined by the work that they do before the market opens.

Those new traders who do not work hard do not do so because they do not love trading.

There is so much to do before and after the Close. You will not do all of this work unless you love trading. You just won’t. The problem is that if you do not do all that the market requires, you will almost certainly fail.

THEY CAN’T HIT STOCKS THAT TRADE AGAINST THEM

One of the fundamentals taught by active trading prop firms is to hit stocks that trade against you. Those who never master this fundamental will fail.

Before every trade, you must develop a trading plan for where you will exit if your stock trades against you.

Feed your mind with the ability to immediately hit stocks that trade against your price.

THEY HAVE UNREALISTIC EXPECTATIONS

It takes time to become a consistently profitable trader. There are many things that a prop firm does to speed up a new trader’s learning curve. But they cannot make the learning curve disappear.

When you begin as a trader, you most likely will be horrible.This does not mean you should lose a lot of money when you trade live. A good training program will only place you in setups where you can succeed. You will trade the easiest setups when you start.

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