What is a Proprietary Trading Firm & What are the Benefits?

A Proprietary Trading Firm, also known as a "Prop Firm" is a trading firm that enables you to gain access to professional grade infrastructure along with large trading capital. Unlike a broker, you will be provided with support and mentoring to try and help you succeed in beating the market.

The Core Value of a Prop Firm is that they have your best interests truly aligned with theirs, your success is their success.....



TraderEquity : What are the advantages ?

TraderEquity is a Remote Proprietary Trading Firm with a fresh approach to intraday equity trading.

For too long now, new and experienced traders have struggled to trade with all of the major well-known issues associated with using a retail broker account. These include paying astronomical commission rates, claims of free trades when in fact the traders ECN rebates are not passed on and poor support........


Prop Firm vs Broker :
Commissions - Don’t Go Broke using a Broker!

A Proprietary Trading Firm, also known as a "Prop Firm" is a trading firm that enables you to gain access to professional grade infrastructure along with large trading capital. Unlike a broker, you will be provided with support and mentoring to try and help you succeed in beating the market.

The Core Value of a Prop Firm is that they have your best interests truly aligned with theirs, your success is their success.....



Prop Firm vs Broker :
You want Fixed Buyer Power & Not Leverage.

What is Leverage?

Leverage works by taking your deposit amount and extending you more capital to trade with. Depending on your broker this may be up to 6 times your deposit, so forever $1000 you put down you will have say $6000 to trade with, this is called Leveraged Buying Power.....



Does your chatroom have a conflict of interest with you?

You’ve signed up to a Chatroom and you think the owner/mentor/GURU is great and really nice. You want to learn as much as possible from them to try and advance your trading to reach that goal of being consistently profitable!


But wait what is in it for the Chatroom owner? Do they care about your success at all or are they just after your membership money? Are they making money elsewhere? .......



Learn Day Trading: Is your Risk RELATIVE & Why it really matters!

What we commonly see with a lot of newer traders is dispropriate risk-taking and not understanding or implementing very basic principles.

Trading is a probability game and for your edge to work and become clear there needs to be a lot of occurrences. If you're risking everything you have on one or two trades even with the best thesis in the world there is absolutely nochance of that edge having the ability to appear........



Learn Day Trading: Ever heard of the 90 - 90 - 90 Rule?

Ever heard of the 90 - 90 - 90 rule before? This is something that is well known to industry insiders but not spoken about or shown to the outside world for obvious reasons.

This applies exclusively to the retail trader. This is KEY as the retail trader knows what they WANT but not what you NEED. Therefore a lot of the industry is geared towards servicing your WANT rather than what you actually NEED. ........



Learn to Day Trade: FREE Trades? Is your Broker Pocketing YOUR ECN Rebate?!

Commission for an active trader is one of the largest overhead costs eating into their % of profits. For a unprofitable traders, it can really accelerate the downward spiral of an account. Like any business its therefore very important to fully understand your overhead costs.

To give yourself a full understanding of the commission effect always express the cost of Commission as a % of your Trading profits or losses........



Mental Health and Day Trading. Are you in the right place?

Mental Health is the unspoken topic that is rarely seen discussed within the day trading communitybut touches a lot of traders that we come across as a firm.

A lot of the day trading industry is driven towards showing only the very highs of success that trading can bring. Some of these being cars, exotic locations and claims of a high-end lifestyle. ........



Learn to Day Trade: The Perfect Balance Trade Accuracy vs Risk-Reward Ratio.

What is more important trade accuracy or risk reward? Should I change what I am doing to try and get a higher accuracy? This is a commonly asked question we get on the desk from developing traders trying to increase their performance.

Our answer, typically is that there is a balance depending on your style and what your trading. What tends to be very common with the newer traders is they believe it’s all about accuracy. ........



Learn to Day Trade: Are you stuck in the Beginners Cycle? 

There is something called the Beginners Cycle which typically we see here on our desk with the newertraders. Some traders even provided with the correct information, support and all the tools go through this cycle till they gain the insight needed to adjust and finally grow.

Insight generally can only be learnt through making mistakes and it's not something that can be easily conveyed......



Learn to Day Trade: Does your Personality Suit YOUR Trading Style? 

As you will be aware, every trader has a different personality and sees the world differently to the next trader. This is what makes a market with all the differing views coming together in one place. Therefore it would be fair to say that there isn’t a one size fits all when it comes to day trading strategies that will work for everyone.

Some day traders will be rapid thinkersand able to assimilate large amounts of data, then make a decision and scalprapidly with ease.  ......



Retail Traders AVOID! The Ugly Truth about CFDs & Principle Execution Trading Bucket Shops.

Contract for Difference known as CFDs is when typically your broker takes the other side of your trade or routes it to a secondary market off-exchange which typically may be owned by your broker.

 

They then charge you routing, commission and borrowing costs which typically goes straight into their pocket as they may be the other side. What they are effectively doing is providing you ......



Day Trading Lessons - Level 2 Spoofing, MID, Hiding Order Size, Liquidity & More

Level 2 was first introduced in 1983 and was named the NQDS (Nasdaq Quotation Dissemination Service) to give traders real-time access to the Nasdaq order book. It enabled traders for the first time to get a complete overview of all the orders sitting BELOW the NBBO (National Best Bid Offer).

This then gives the trader the ability to see the whole market depth of orders sitting alongside the ability to gauge potential momentum which can be invaluable for a day trader. ......



Learn to Day Trade: Do you have your OWN Day Trading Thesis?

What have found, is a surprising amount of traders that approach us seem to think if they just spendenough time trading or watching the market it will all suddenly “Click”. The fact is with trading is that it will never really “Click” as its a constant learning and developing process.


The reason behind this? Well, the market is a non-linear environment which is constantly developing and changing. It, therefore, doesn’t........



Learn to Day Trade: Do you have your OWN Day Trading Thesis?

What have found, is a surprising amount of traders that approach us seem to think if they just spendenough time trading or watching the market it will all suddenly “Click”.

The fact is with trading is that it will never really “Click” as its a constant learning and developing process. The reason behind this? Well, the market is a non-linear environment which is constantly developing and changing.........



Confirmation Bias & Day Trading Process: Constantly Losing? Buying Tops / Selling Bottoms? Fighting? Over Trading?

Are you constantly losing money day tradingAlways find yourself buying the top before it reverses or selling the bottom? Do you fight after a few losing trades then revenge trade or over trade? Then once you’ve had your bad day you upload all your data to a trade tracking website or onto excel then try to find something in the data that explains it? After a while, you then decide maybe I should change somethingmaybe I should change brokers or the classic we see now is start trading options.........



Day Traders Must Read! The Maths Trap

When you trade at a retail broker you’re typically extended Margin or Leverage to increase your Buying Power. What this means is the brokerage extends you normally 4 to 6 times the money you have in your account so you can capture more opportunities. The Deposit you have with the broker directly correlates to the amount of Leveraged Buying Power you are able to trade with. .........



Dopamine, Discipline and Day Trading

The hormone and neutrotransmitter C8H11NO2 commonly know as Dopamine plays a major role in reward-motivated behaviour. In short, if we do something pleasurable our brain rewards us and we will seek to do that thing again to get that same reward. This could be something as simple as eating or having a winning day trade. We as humans are all hardwired to behave like this which is exactly the same as any animal such as a monkey...........



Still using Level 2? What is Nasdaq TotalView? Level 3?

One of the data feed options you have access to here at TraderEquity is Nasdaq TotalView. If you're a serious or experienced trader it’s a must have feed. Some traders actually refer to it as Level 3 due to the sheer depth your able to see compaired to Level 2. If you're still using a basic Level 2 data feed your view of the market hasn’t evolved since 2007, as it's still reflecting the same depth of orders from over a decade a go............



Day Trading Basics: Are you Trading with the Bigger Picture?

Knowing the TYPE of environment you're in and WHERE you are in that Big Picture is crucial in ensuring you have the largest reward possible for the risk your taking. What we commonly see more often than not with newer traders or struggling developing traders on our desk is a lack of overview. They will solely focus on the smaller time frame chart and setups within that time frame and completely disregard the type of environment and/or the bigger picture. Thus resulting in a very poor risk to reward trades, frustration and inability to grow the account............



Behavioural Finance & Day Trading: Taking Profits Too Quickly?

Do you have a major issue with holding on to your winners? Have you found yourself closing out a trade on an emotional decision only to watch the stock skyrocket to all-time highs? Worry not, it's a common problem faced by a lot of new and developing traders. What you might be surprised to hear is that you’re actually hardwired to do this.

There is a branch of Economics called Behavioural Economics which studies psychology as it relates to economic decision-making processes.............


 

Live Blog Posts


TraderEquity : What are the advantages?

What is a Proprietary Trading Firm & What are the Benefits?

Prop Firm vs Broker :
Commissions - Dont Go Broke using a Broker!


Prop Firm vs Broker : You want Fixed Buying Power & Not Leverage


Consistency and Working Smarter, NOT Harder is the Key.

Does your chatroom have a conflict of interest with you?

 

Learn Day Trading: Is your Risk RELATIVE & Why it really matters!


Learn Day Trading: Ever heard of the 90 - 90 - 90 Rule?

 

Learn to Day Trade: FREE Trades? Is your Broker Pocketing YOUR ECN Rebate?!

Mental Health and Day Trading. Are you in the right place?

Learn to Day Trade: The Perfect Balance Trade Accuracy vs Risk-Reward Ratio.

Learn to Day Trade: Are you in the Beginners Cycle?

Learn to Day Trade: Does your Personality Suit YOUR Trading Style?

Retail Traders AVOID! The Ugly Truth about CFDs & Principle Execution Trading Bucket Shops.

Day Trading Lessons - Level 2 Spoofing, MID, Hiding Order Size, Liquidity & More

Day Trader Lifestyle: What do I need to travel the world & Day Trade?

Learn to Day Trade: Do you have YOUR OWN Day Trading Thesis?

Confirmation Bias & Day Trading Process: Constantly Losing? Buying Tops / Selling Bottoms? Fighting? Over Trading?

Day Traders Must Read! The Maths Trap

 

Dopamine, Discipline and Day Trading

 

Still using Level 2? What is Nasdaq TotalView? Level 3?

Day Trading Basics: Are you Trading with the Bigger Picture?

Behavioural Finance & Day Trading: Taking Profits Too Quickly?


Up Coming Posts

 

Access to Capital to Grow when you Succeed

The Importance of Structured Risk Management

 

Advantages of Multiple Routes & Dark Pools

 

Yes, Scalping Stocks Is Profitable & Possible with TraderEquity™


Professional Level Trading Software & Detailed Trade Reports

 

Only Pay When I Use the Locates? Our Access to HTB Shorts


FREE Mentoring & Education

Zero Conflicts of Interest at TraderEquity™




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