A trader explains how following a plan cuts stress out of trading. Prop trading reduces personal financial risk, which changes the psychology of decision-making. The mental game matters more than most traders think.
Trading plan. You need the, you need the capacity to follow the trading plan. The not though everybody has the capacity, but you have to be able to actually make it happen. And you and I have come from different places in, in doing that, in helping people on the mental side for all our career. But I think that's what attracted me to, to prop trading in that by definition it's supposed to lower the cortisol level. I mean trading somebody else's money and losing a few thousand dollars. It's not your money, it's their money. I mean a responsible person.
