How Prop Shops Evaluate Traders

<p>How do prop shops judge traders? Jack and Dan talk about the metrics and strategies prop shops use to select traders and measure their risk and success. They also comment on the recent chaos in cryptocurrencies and the long-term challenges facing crypto traders.</p><p>Limit Up! is a podcast brought to you by <a href="https://www.topstep.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="noopener noreferrer" target="_blank">Topstep</a> about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: <a href="https://www.topstep.com/risk-disclosure/" rel="noopener noreferrer" target="_blank">https://www.topstep.com/risk-disclosure/</a></p><p><a href="https://www.topstep.com/" rel="noopener noreferrer" target="_blank">Topstep</a> is the premiere funding opportunity for traders looking to make the most of market opportunities without risking their own capital. When traders pass the completely-objective Trading Combine®, Topstep funds them with proprietary money. Guaranteed. Beyond funding, we seek to instill better habits in our traders (hence the Limit Up! Podcast and other educational resources). Topstep has been based in Chicago since 2012.</p><p>Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep.</p><p>Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he si