Desire To Trade Podcast | Interviews with Highly Successful Traders11 Sep 2023

419: 10 Tips To Pass A Prop Firm Challenge

10 Tips To Pass A Prop Firm Challenge

In episode 419 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Michael Toma, and they talk about 10 tips on how to pass a prop firm challenge. Becoming a 4-million-dollar fund manager didn't happen overnight. Hear it straight from a profitable trader.

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

00:15 Introduction
00:44 Michael Toma's background as a fund manager
01:52 Trading for a prop firm is a job
03:20 Passing prop firm challenges
04:48 Time limits with prop firms
05:35 On traders who do not follow the rules
06:41 Handling expectations
07:50 "Be a specialist at one or two things"
09:22 Respecting the market
11:57 Thinking bigger to grow as a trader
13:02 How to build a career in trading
14:02 Common mistakes among traders preparing for the prop firm challenge
15:26 What does it take to become a profitable prop firm trader?
16:30 Learn more about Michael Toma's Prop course on (link below)
and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

DesireToTRADE Forex Trader Community (free group!)
Complete Price Action Strategy Checklist
One-Page Trading Plan (free template)
Recommended brokers:
- EightCap (preferred Crypto and FX Broker)
- AxiTrader (use our link to get a special bonus)
Desire To TRADE Academy

About The Desire To Trade Podcast

- Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
- Subscribe via Stitcher
- Subscribe via TuneIn
- Subscribe via Google Play
- See all podcast episodes

How To Find Michael Toma?

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(578)

569: These 5 Traders Can Teach You More Than 50 Trading Books (1-Hour Masterclass)

These 5 Traders Can Teach You More Than 50 Trading Books In episode 569 of the Desire To Trade Podcast, you will be listening to five expert traders who've spent years navigating the markets, setbacks...

20 Jul 1h 5min

568: This Scalper Made $15M Trading The Stock Market (Scott Pulcini)

This Scalper Made $15M Trading The Stock Market In episode 568 of the Desire To Trade Podcast, you will be listening to an interview with veteran scalper Scott Pulcini, who shares his journey from los...

14 Jul 46min

567: Becoming A Profitable Trader Is Actually Easy (Trader Motivation)

Becoming A Profitable Trader Is Actually Easy In episode 567 of the Desire To Trade Podcast, you will hear advice from some of the best traders in the world on how to become profitable. If you're seri...

6 Jul 20min

566: I Made $4 Million Trading Forex. Why I Quit? (Vitalii Bulynin)

I Made $4 Million Trading Forex. Why I Quit? In episode 566 of the Desire To Trade Podcast, you will be listening to an interview with Versus Trade founder Vitalii Bulynin, who made $4 million trading...

29 Jun 21min

565: What The Top 1% of Traders All Have In Common (Jack Schwager & George Coyle)

What The Top 1% of Traders All Have In Common (Jack Schwager & George Coyle) In episode 565 of the Desire To Trade Podcast, you will be listening to an interview with the legendary Jack Schwager and f...

22 Jun 28min

564: 100+ Years of Brutal Trading Advice in 52 Minutes

100+ Years of Brutal Trading Advice in 52 Minutes In episode 564 of the Desire To Trade Podcast, you will be listening to 100+ years of brutal trading advice in 52 minutes. These are the most honest c...

15 Jun 53min

563: 1 Hour of Genius Trading Advice From Top 1% Traders

1 Hour of Genius Trading Advice From Top 1% Traders In episode 563 of the Desire To Trade Podcast, you will be listening to advice from traders who have survived decades in the markets — including one...

8 Jun 1h 5min

562: Build An Unstoppable Trading Mindset (Mandi Pour Rafsendjani)

Build An Unstoppable Trading Mindset In episode 562 of the Desire To Trade Podcast, you will be listening to an interview with elite trading psychologist Mandi Pour Rafsendjani as she discusses how to...

1 Jun 34min