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/

About the podcast

• On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8


• On Apple Podcasts - https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820


• On YouTube - https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ


• On Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8


• On Radio Public - https://radiopublic.com/consistent-profits-podcast-6Bx9yM


• On iHeartRadio - https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/

How to connect 

• Website - https://thedisciplinedtrader.com/


• Email - admin@thedisciplinedtrader.com

What’s important to you about trading?  Comment below