Prop TradingLesson 4
Prop Trader ···
This lesson is available to Membership holders
12 min of notes · 20 sections
What’s inside
- ✓What Prop Trader psychology is
- ✓FOMO
- ✓Revenge Trading
- ✓Overtrading
- ✓Fear of opening a trade
- ✓Fear of losing the Funded Account
- ✓The urge to pass the Challenge faster
- ✓What to do when 1% remains to the Profit Target
- ✓What to do when you have almost hit the Daily Drawdown
- ✓A series of Stop Losses
- ✓Euphoria after a series of winning trades
- ✓Increasing risk after profit
- ✓Psychology after a failed Challenge
- ✓Several failed Challenges in a row
- ✓How not to compare yourself to other people's Payouts
- ✓How to know the trading day should end
- ✓Creating your own Stop Rules
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