The Prop Pulse - 9/29/24
"No such thing as a good ticker... All tickers are problematic if they are not moving in the direction of profitability."
Many people do not realize the value of prop trading, or even what it means. Additionally, many lack the funds to engage in trading effectively, which often leads to greed and the tendency to hold trades longer in hopes of making more money. However, what's really needed is a larger trading account to amplify profits. Moves that might yield $100 or $400 could potentially make $1,000 or $4,000 with more capital. This is what I aim to address with my Substack: to educate and guide traders towards becoming proprietary traders.
This Substack is worth sharing I promise, that's on me. It's about providing proper education and following individuals who are genuinely active in trading, showing real profit and loss (P&L) statements, not just profiting from subscribers. When you ask these individuals where their money comes from, whether from subscribers or actual trading, and ask them to produce a P&L, many won't, because a lot not all, but a significant number are misleading you.
I care deeply about this issue and the practice of misguiding people, so my focus is truly on helping others.
Updated P&L
Random Thought
What happened and whats the solution Ive been reading our constitution and we have been robbed of so much … its said You/We CANNOT use the U.S. Constitution to defend yourself because you are NOT a party to it. (Padelford Fay & Co. v The Mayor and Alderman of the City of Savannah 14 Georgia 438, 520)
America is a British Colony. (“THE UNITED STATES IS A CORPORATION, NOT A LAND MASS, THAT EXISTED BEFORE THE REVOLUTIONARY WAR.” [Information taken from the Articles of Association, October 20th, 1774] [Further more] “THE BRITISH TROOPS DID NOT LEAVE UNTIL 1796.” - Republica v. Seers 1 Dallas 43, Treaty of Commerce 8 Stat 116, The Society for Propagating the Gospel, &c. V. New Haven 8 Wheat 464, Treaty of Peace 8 Stat 80, IRS Publication 6209.)
The Prop Trading Pulse: Calling All Prop Traders and Potential Prop Traders
The reason why trading time for money is one of the worst financial decisions is that time, unlike money, is irreplaceable. You cannot replace lost time, but you can replace the money. Once time is spent, it’s gone forever, looking back to gain more of it. Money, however, can be replenished through various means - whether it’s investing, trading, or lev…
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