Is getting a job in a prop firm really just based 98% on luck???!!

[shortorlong]

But if you're good at making money you don't get bossed around, you can come and go as you please, wear what clothes you want and have just as much freedom as if you were trading your own money from home.

Asside from the advantages of being on a fully kitted out trading floor with other traders around you most people would much prefer to trade with large suplies of someone elses money than limited supplies of their own hard earned.


And also being monitored is a good thing. At a good firm you won't have anyone looking over your shoulder telling you what to do but if things look like they're starting to go pear shaped someone will come over for for a friendly chat, maybe see if you want to take a break, and basically stop you from losing it and doing any real damage.

but ... then . if you have a few bad days, don't hit your 'targets' (thanks boss) .. your in the dogs house ..and you have to commute to work .. yuck
.. and surely you need to be there when the market dictates .. it's no use turning up at lunch time when the market is quiet .. well .. except to watch and wait
Also you are primarily making money for the firm .... I could go on and on ..it's Sunday after all

 

[Aspire]

but ... then . if you have a few bad days, don't hit your 'targets' (thanks boss) .. your in the dogs house ..and you have to commute to work .. yuck

At a good firm (And I've only experienced a good firm) it just doesn't work like that. You set your own targets just like you would at home. The management trust that you know best for yourslelf and although they are there to support you when needed you really do have just as much freedom and control over your trading as you would with your own money from home.... Of course if you've not yet got to the stage that you are making money consistently then you are expected to put in the level of hard work, hours and dedication required but thats what you need to do to be successful anyway.

.. and surely you need to be there when the market dictates .. it's no use turning up at lunch time when the market is quiet .. well .. except to watch and wait

Yes but you need to be working when the market dictates at home too though... Admittedly not having to actually spend any time travelling to/from work is a bonus of being at home.

Also you are primarily making money for the firm .... I could go on and on ..it's Sunday after all

You are making money for both you and the firm. A consistently profitable trader will keep 60 - 90% of the profits on his account and the account will benefit from the cheaper commissions etc at a firm... and how many home traders can capitalise themselves to the level they can be at a firm?

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