Hats off to Larry Fisher together with Reid Valfer, co-founders of TradingRM, a proprietary trading theater inwards Chicago who receive got insights into yesterday's upward trend, his receive got on what traders ask to produce to create for the open; together with his style of adjusting trading for the character of each marketplace day.
I invited Larry to contribute to my upcoming book because TradingRM has an odd philosophy of mentorship. Everyone calls out their trades to everyone else. This promotes accountability, but it likewise stimulates learning, because the immature traders are seeing how the experienced people are taking positions, stepping dorsum from markets, etc.
There's a maxim inwards medical education: come across one, produce one, learn one. You learn, starting fourth dimension from observation; thence from doing; thence from teaching others. Larry together with Reid receive got carried that philosophy frontwards to their mentorship of immature traders, together with I applaud that.
Oh yes, past times the way, what is the terms for their trading education? Zero. You pose inwards your fourth dimension together with effort, y'all merchandise rattling pocket-size until y'all earn size, together with the theater earns a per centum of your returns. *That* is how prop firms live when their interests are fully aligned alongside those of traders.
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