Passing a Prop Firm’s Evaluation – Some Suggestions

Following on from my previous Blog Post: ‘Typical Stages of Trader Development’,  the next natural topic would be ‘How do you actually pass a Prop Firm Evaluation?’  Here are some trading tips which might be of some use.

Firstly you have to find a Prop Firm that matches your style of trading.  Are you a Position Trader, a Swing Trader or an Intraday Trader?  

Do you need to have the ability to keep your trades open over weekends and for several weeks or even months?  Some firms will accommodate this and others won’t.  

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Typical Stages of Trader Development

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Typical Stages of Trader Development - For some time now I have been acutely aware of the unrealistic expectations of people who come into trading, thinking that they are going to be able to pick it up quickly and make a rapid fortune!  The reality is vastly different.  Here are my thoughts on what that reality is.  

The typical starting points are:

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