Paul Wallace – VTP Stage 5 Becoming a Funded Trader
On the journey towards becoming a Funded Trader
It’s a sad statement that most private retail traders are under-capitalised for their own goals and expectations. This leads towards over-sizing positions or attempting to hit ‘home-runs’ on every trade. It leads to a real “Hero-or-Zero” mentality, which rarely ends well for the trader as they chase outsized returns.
The trading Industry has recognised this, hence the recent proliferation of Trader Funding companies, or Prop-Shops, over the last 4-6 years which look to fund a trader in return for a fee and passing a trading performance challenge.
These tests usually revolve around the trader generating a double-digit return in a month (or over several months) with the trader then being funded to a level dependent on their initial purchase. The funding increases as, and if, their performance continues.
To be fair, it’s a model that can really benefit some traders, if they are prepared for the challenge of a) delivering such returns and b) trading Other People’s Money (OPM).
However, far too many people ‘crash and burn’ because they are not prepared in any way for the challenge. Or they pass the challenge and then blow-up when trading other people’s funds at a size that they are not used to.
The VTP Stage 5 Course was designed to help traders navigate this, and prepare properly to embrace and win in the Prop Firm space.
What You’ll Learn In VTP Stage 5 Becoming a Funded Trader
- An understanding of the Prop Shop/ Trader Funding landscape and Business Models
- Greater understanding of what’s required to both pass and maintain your funded account.
- Insight into whether your own trading method will help or hinder you in a funded account world.
- Greater knowledge of your own strengths and weaknesses as a trader and fund manager
- The creation of your own Personal Trading Plan to pass your challenge.
- Learning how to manage yourself in order to maintain good performance.
- Understand the importance of creating your own Buddy-Buddy Trader Support Networks to help you in your journey.
Sale Page: Paul Wallace – VTP Stage 5 Becoming a Funded Trader