Is Prop Trading Easy?
Gareth Soloway is the Chief Market Strategist of IntheMoneyStocks.com ITMS.com.
In this interview with Blake Morrow of https://tradersummit.net he breaks down how he started in the Stock Market. He discusses his thoughts on the question, “Is Prop Trading Easy”. The simple answer to the questions “Is Prop Trading Easy” is “No”. Gareth remembers when he first started trading he posted $10,000 with a prop firm, who then provided him with $50,000 in working capital. The only catch was the first money lost was his money. Which as he describes in the interview, there was a lot of money being lost. So much so that he had to decide at times whether to eat lunch or dinner as he did not have money for both. He was working 3 jobs just to save up enough money to keep funding his trading account.
Eventually, he stuck with it and it paid off in a big way, as in 2007 he finally turned the corner of being profitable and has never looked back.
Take a moment to learn about Gareth’s backstory, how he approaches the market and how he feels about the stock market “in general” at this time!