When it comes to trading stocks and futures, most traders have come to accept that, at a basic level, there is just one way to do things. They understand there are restrictions around pattern day trading and that in order to make money, they have to tie up their own capital. But what many serious traders don’t realize is that multi-asset proprietary trading provides an entirely different path, one that removes those old barriers, puts the focus back on trader performance and doesn’t require them to risk their own capital.
This new era of prop trading was the focus of a recent Benzinga webinar in which PropShopTrader’s Senior Risk Manager Jim Simmons and Gianni Di Poce, analyst at The Mercator LLC, discussed how professional traders can build a career using the PropShopTrader platform.
“Once a trader believes the old path is the only path, they sort of stop questioning it. They just assume this is how it works, this is what I have to deal with, this is the cost of trading professionally,” said Simmons. “The biggest breakthrough is not improving your strategy, it is [realizing] that the game may be structured entirely differently than what you originally thought.”
Taking The Pain Points Out Of Day Trading
PropShop is “addressing a real pain point for stock traders,” says Simmons, noting that with the platform, traders don’t have to come to the table with capital to start trading. …
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