Manage episode 376620018 series 113019
In episode 419 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Michael Toma, and they talk about 10 tips on how to pass a prop firm challenge. Becoming a 4-million-dollar fund manager didn't happen overnight. Hear it straight from a profitable trader.
The video is also available for you to watch on YouTube.
- 00:15 Introduction
- 00:44 Michael Toma's background as a fund manager
- 01:52 Trading for a prop firm is a job
- 03:20 Passing prop firm challenges
- 04:48 Time limits with prop firms
- 05:35 On traders who do not follow the rules
- 06:41 Handling expectations
- 07:50 "Be a specialist at one or two things"
- 09:22 Respecting the market
- 11:57 Thinking bigger to grow as a trader
- 13:02 How to build a career in trading
- 14:02 Common mistakes among traders preparing for the prop firm challenge
- 15:26 What does it take to become a profitable prop firm trader?
- 16:30 Learn more about Michael Toma's Prop course on (link below)
- and much more
What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!Desire To Trade's Top Resources
- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist
- One-Page Trading Plan (free template)
- Recommended brokers:
- Desire To TRADE Academy
What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!