Traders at PropShopTrader are expected to adhere to a consistent trading plan that includes:
- Well-Defined Rules: Clear guidelines for entry points, stop-loss orders, and profit targets.
- Disciplined Practices: Avoid the following risky behaviors:
- Fluctuating trade sizes
- Excessive dollar-cost averaging
- High-frequency trading
- Speculative ventures
The overarching goal is to maintain steady growth through disciplined trading practices.
We Look for Traders Who:
- Exhibit Vision and Skill: Show ambition and a clear understanding of trading objectives.
- Demonstrate Discipline: Maintain emotional stability and consistency in trading behavior.
- Use a Defined Strategy: Implement a strategy with clear entry and exit rules.
- Effectively Demonstrate Their Trading Plan: Clearly articulate their approach and methodology.
- Follow Sound Risk Management: Employ robust money management principles and a proven trading system.
- Possess Strong Market Knowledge: Have a comprehensive understanding of trading platforms, data, tools, and market dynamics.
- Provide Reasoning Behind Trades: Justify their trading decisions with thoughtful analysis when required.
- Build Account Buffers: Establish account buffers before taking payouts to safeguard against account depletion.
- Employ Consistent Trade Sizing: Maintain regular trade sizing to promote effective money management.
- Regularly Take Profits: Avoid giving back gains made during the trading day by knowing when to realize profits.
Know When to Stop Trading: Recognize the right time to cease trading if they are in a profitable position before the trading day ends.