Norman Hallett has been a trader and trading educator for over 4 decades.From 1981 to 1988, he ran one of the largest options firms in the country and later worked as a commodities specialist for Paine Webber.

In 1991 he formed the Hallett Group, managing large trading accounts for individual investors as a Commodity Trading Advisor. He currently owns and operates The Disciplined Trader, founded in October, 2000, where he focuses on helping traders with the too-often-neglected area of mental and emotional control and the building of Simple Trading Plans. Mr Hallett is a popular speaker at Trading Expos and countless international venues. He has over a million views of his “4-Minute Drill For Traders” where he gives tips and techniques for being a more successful trader.

Norman provides an overview of prop trading, explaining that it involves trading with other people's money (prop firms) and earning a share of the profits.
He discusses the advantages of prop trading, such as reduced emotional stress since traders are not trading their own money.
He delves into the mechanics and rules of prop trading.
He draws comparisons between prop trading and his experience as a Commodity Trading Advisor (CTA).
We discuss the benefits and limitations of simulated trading.
He advocates for prop trading as a viable alternative to traditional trading, especially for traders who have the necessary skills but lack sufficient capital.
We discuss the benefit of being part of a trading community or group that provides support and shared experiences, which can accelerate learning and success.
He talks about the minimal fees associated with prop trading, making it an attractive option even for those with smaller account sizes.
We talked about how prop trading has removed the financial barriers that used to exist in traditional trading, allowing virtually anyone to start trading with minimal capital.
Norman mentions his upcoming book titled "Your Money, Their Profit."

This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence.

Book a free consultation with Brian here 🡪 https://insideouttrading.com/book-a-call-w-brian/
"The Science of Consistency Applied to Trading" video -- https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/
The Proven Formula for Consistent Monthly Profits -- https://insideouttrading.com/
"Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/
Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/

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Website - https://thedisciplinedtrader.com/
Email - admin@thedisciplinedtrader.com

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