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Old Feb 2nd, 2012, 02:03 PM   #13
total_keops
 
 
Join Date: May 2008
Location: Montreal
Posts: 1,426
Quote:
Quote from jarrettmp:

Why would I want to utilize 10:1 leverage where one or two bad slips could wipe out my equity when I can just go to a prop firm and have them back me?
When the money you've put is gone they liquidate your positions and it's over till you put some extra chips on the table.
In the case of a gap where they can't close before the losses are bigger than your margin then I don't know what would happen.
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Old Feb 2nd, 2012, 02:47 PM   #14
Swan Noir
 
 
Join Date: Jun 2009
Location: NYC
Posts: 2,377
Because there aren't any prop firms that are formed as not-for-profits.

Quote:
Quote from jarrettmp:

Why would I want to utilize 10:1 leverage where one or two bad slips could wipe out my equity when I can just go to a prop firm and have them back me?
    Quote
Old Feb 2nd, 2012, 03:07 PM   #15
Feeman
 
 
Join Date: Jan 2012
Posts: 51
Sounds like you want to trade with Prop's money and lay off the risk from you to them. Could happen if you have a demonstrated history of producing profits that are zero or negatively correlated to S&P.

A superstar will usually get an audience to make a case for getting hired.
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Old Feb 2nd, 2012, 03:10 PM   #16
jarrettmp
 
 
Join Date: Nov 2009
Posts: 16
I do have trading data.
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Old Feb 2nd, 2012, 07:15 PM   #17
Don Bright
 
 
Join Date: Oct 2001
Location: Las Vegas, NV
Posts: 11,757
My friend, Mr. Maverick is right again on this one. Rarely will you see leverage on leverage like the OP is asking for. Not being critical, but the comment about losing his money and then relying on the firm to cover additional losses, sort of says it all.

Nothing against the OP for asking. But, what I generally ask people with similar questions is something like this: Hey, I have a track record playing blackjack, easily verifiable. I would like you to back me against any losses, or any big losses anyway. How about it? ref: http://www.blackjackforumonline.com/.../Brightint.htm


Look, I've been barred from blackjack, and I am pretty good. But anyone that would want to get into that relationship...well, you get the idea.


And, on the another point. If you're that good, why give away most of your profits? Simply use the leverage available to build up an account. If you're sure of yourself, whether it's $10k, $50k, or $100k, you can certainly build it up. Then you can start backing people to make even more money.

I hope that makes some sense? Mav? HitnRun?


Don
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Old Feb 2nd, 2012, 10:13 PM   #18
jarrettmp
 
 
Join Date: Nov 2009
Posts: 16
Maybe I'm confused, but I don't think so...

I don't know what the "leverage upon leverage" is.

Simply, I'd like the same deal given to equity prop traders except I'd like to trade futures.
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