How to become a “full-time” trader

Hey , Have you ever wondered what it takes to become a full-time Day Trader? This story often comes to mind whenever this topic comes up... A few years back, I visited a prop trading firm in London and had the chance to meet their CEO... As we headed to lunch, two young traders got on the elevator and asked, "Are you Peter Davies?" As it turned out, the two traders had gotten their start in Order Flow trading from the lessons at Jigsaw and they ended up trading similar techniques for the firm. Whenever I think about this encounter, it always makes me think about the different routes people take to become full-time traders… Broadly speaking, there are two main paths: 1. The Professional Path The "bricks and mortar" route typically starts with prop firms recruiting ambitious university graduates. This makes sense - the firms can afford to start them on a low salary and mold them without having to overcome bad habits. Hungry, competitive individuals with the right attributes can thrive in these firm environments. Of course, experienced retail traders can also approach firms directly, though it takes extra effort to stand out… These firms are like elite academies, seeking driven individuals with a competitive spirit and a thirst for knowledge. But be warned, the competition is fierce. Here's how to stand out: - Research the firm and tailor your approach. Don't be a generic applicant. Showcasing your understanding of their specific needs can make you shine. - Craft a compelling letter directly to the CEO. Highlight your passion, skills, and potential, not just your desire to be a trader. - Focus on results. Demonstrating progress through a trading journal or simulated account performance speaks volumes. 2. Retail “Home” Trading Path The retail "home trading" path has no boss setting rules and limits, which is harder in some ways... But with diligent practice during consistent market hours, realistic profit goals, risk management guidelines, and an edge that comes from ignoring noise and overcomplication, this route can certainly work too. Master a few techniques that resonate with you, rather than chasing the latest fad… Set realistic goals, celebrate your progress, and learn from every trade…. Remember, consistency is key, whether your initial goal is generating "pocket money" or building a substantial income. So while the professional and retail routes have differences, the keys to success are similar - diligent practice, clear goals, risk management, and keeping your head while others are losing theirs in the heat of trading… Whether you dream of joining a prop firm or flourishing as a solo trader, the choice is yours. Becoming a day trader is a journey of continuous learning and adaptation… The exact path doesn't need to be set in stone just yet. The important first milestone is achieving reliable profitability on a small but real-money account… With that foundation established, doors open to scale up results - whether through firm backing or gradual personal expansion across more markets. [If you are interested in reading more about this you can do that HERE>>]( To your trading success, Peter Jigsaw Trading & Journalytix Copyright © 2023 Jigsaw Trading, All rights reserved. You are receiving this email because you opted in at www.jigsawtrading.com or www.journalytix.me Our mailing address is: Jigsaw Trading Room 1203, 12/4, Tower 3, China Hong Kong City 33 Canton Road, Tsim Sha TsuiKowloon Hong Kong [Add us to your address book]( Want to change how you receive these emails? You can [update your preferences]( or [unsubscribe from this list](.