John Meli was a volunteer firefighter, martial arts enthusiast, and plumber, before starting his own general contracting business. However, when the recession of 2008 hit, John knew he needed to pivot and find a new way to support his family. It was then that he discovered the stock market. As one of Casey’s early students, John began to excel, and now, many years later, is a seasoned prop firm trader and trading coach. In this episode of How To Trade It, John shares some practical and personal advice on how to pass those tricky prop firm tests, so that you can maximize your time trading. You don’t want to miss it!@CaseyStubbs interviews Forex Master Trader, John Meli, to discuss his life-changing experience of becoming a successful prop trader. You don't want to miss this episode of the How To Trade It podcast. #Forex #PropTrading #Coaching… Click To Tweet
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You’ll want to hear this episode if you are interested in…
- [02:43] The biggest challenge to prop trading
- [03:45] How prop trading can make you a better trader
- [05:25] Prop firm rules
- [13:15] The primary way to “make money in the markets”
- [23:40] How to pass a prop firm trading test
The Big Challenge
It’s so easy to hit your loss limit when attempting to prop trade. John thinks this is the single biggest obstacle to getting started. The firms design it that way for a reason. If YOU don’t pass the test, the firm simply moves onto the next trader, making money in the process. Taking John’s advice can help you bypass this hurdle altogether.
Prop Firm Rules
We all think we know the rules, but we don’t. Yep, you guessed it – both John & Casey FAILED their first prop trading tests. Prop trading is a completely different beast, so the rules can be expected to be different as well. Until you learn and master them, you cannot trade well in this environment. If you want to learn, we can help.
Passing the Test
Spending $600 to get $100,000 to trade sounds like a pretty sweet deal, right? It sure is! But you must pass the test first and prove that you are capable of handling a large account. Once you do, however, the sky’s the limit. Prop trading has completely changed John’s life and he wants to help you learn how to do the very same thing.
Resources & People Mentioned
Connect With Casey Stubbs
- Website: https://caseystubbs.com
- YouTube: https://www.youtube.com/TradingStrategyGuides
- YouTube: https://www.youtube.com/caseystubbs
- Twitter: https://www.twitter.com/caseystubbs
- Facebook: https://www.facebook.com/TradingStrategyGuides
- LinkedIn: https://linkedin.com/in/caseystubbs
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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
This is so insightful, thanks a lot.