Recently, we have launch a new project for all our new traders -- earn US$300 a day and stop trading! (There are 20 trading days in a month, that is US$6,000 a month)
One week after we implemented this rule, one trader came to me and ask: there are plenty of opportunities throughout the whole day, why are you limiting our earnings to US$300 a day?
I asked: did you follow the new rule and did you managed to make US$300 a day? He answered: YES! I asked again, "before I implement this, was your earning per week more than $1,500?" He shoke his head.
I told him, a trader's job is very different from any job out there that requires you to work more in order to gain more. In trading, the more time you immerse yourself in the market, the more you will end up becoming so consumed with the thrill that you cannot think clearly about what you are actually doing.
There are plenty of things to do beside trading or working, so, do not spend too much time infront of your computer.
Coincidentally, I read this article about how much prop traders in London earn.
Our traders are so lucky, they are trading part-time and their task is to take US$300 out from the market daily as compared to the struggling prop traders.
The next thing is about the criteria needed to be a "prop traders".
Take a look at the criteria, do you have what it takes?
RISK DISCLOSURE STATEMENT:
THE RISK OF LOSS IN TRADING CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE FUTURES MARKETS. YOU SHOULD THEREFORE CAREFULLY STUDY FUTURES TRADING BEFORE YOU TRADE.