When you are hired as a proprietary trader, you are trading using funds provided by the company. It is hard to get in as a proprietary trader. In order to be selected, you need to show how passionate you are with trading and you should have knowledge and experience trading the market. In addition to that, you need to demonstrate your ability by showing your trade records. Even if you do not trade well, demonstrate to the employer that you are willing to learn, you record your trades and go over your trading mistakes on a weekly basis.
Now you have heard the story, do you still want to be a proprietary trader?
If you look at the number of job applications for proprietary trader, be assured that there is a long list of applicants for the job. Everyone wants to learn how to trade and we are told that traders earn high amount of money. In this industry, the turnover is high and most do not sustain for more than 3 months. For those who are successful in trading, they trade well and probably trade their own accounts concurrently.