Prop trading advice from the bosses
Signed up with a boutique trading firm and started with lets say a few sheckels. Started in 08' as a pure unripened fruit and scalped my way up to holding more riskier and tougher positions. Was not easy just a "young blood" Moments where I had to make a ritual for a stock to make it feel its going my way. Now four years later doing swing trading and day trading the nasdaq an dow 30, I aint no pro just working my way until I get into grad school, and "really" start living my life.
Every time i trade remotely trade at home or at my prop trades office, I always listen to my main trader lets call him Timmy, and hes always having to start his day S****g on gold price on why its not staying up, and then F's with me saying get my coffee but he a G. He most definitely makes over 6 figures because i see him constantly making profitable positions over 10k and i just do my own trade like some f' ing bs zanga trade. his lessons past on:
1. we all heard it, dont get emotional, even big traders still get emotionally and can you blame when investing a huge chunk and injecting it into the market.But Timmy always says " when your not feeling to good about a position and you dont feel it will be up to par, Timmy says look over as to why you executed the trade and is it at least following the trrend that you had once figured.
2. study trades and take notes and make it a trend, get a feel of yourself, Timmy always says everyone has a personality to trading and I agree. Timmy says you know what you know and you use that.
3. if you every have a horrible p/l showing and the next day it feels like those nights you drink to much and you just need to drink and f;ing lot of water and just stay calm. He says just make a trade make sure its a profitable one, dosent matter if you lose on the ticket charge just make sure there is green and plan for the next day.
These are just some i agree with and wall street oasis, ty ALL for reading open to comments