I wouldn't go for prop firms if I were you. Major security risk. Your money is fused with their operating funds and they are not obligated to segregate it because you are not considered a client but a member of their firm trading their money and they are not audited so they can easily take your money to fulfill whatever debt obligations that they have or simply disappear. My advice for raising trading capital is: Daytime job and trade small and more drastically get a financial backer but I wouldn't worry about raising capital yet at this point. What you need to focus on right now is developing a winning trading system. That's the most important otherwise you will still be losing money. Selling your house or taking out an equity loan out of your house or cashing your IRA Roth and even selling your physical goods all sound like a gambler going through his/her possessions to get his/her hands on any money he/she can find to feed his/her gambling addiction. You need to stop the gambling mentality. Get rid of the ego and get a day job and meanwhile sit down and start working on a winning trading strategy. The job market is really tight right now. Companies are practically begging people to go work for them so you can easily find good jobs with actually good pay. Start from there and once you think you found a working strategy through backtesting then you can move on to trading first with a very small size and then gradually increase position size.
Yeah thats the way, before the economy turns down even more. You are lucky in that you are still quite young and can lose most of your life savings and still have time to come back. Harder to do that if you were 20 years older. You might think you can make 100% a year trading Crude and Gold futures. And maybe you can if you have a good year. But doing that five years in a row is next to impossible.
You don't need to raise capital. You trade 1 lot first. As the account grows, increase the trading size to 2 lots. As the account grows, increase the trading size to 5 lots. As the account grows, increase the trading size to 10 lots. As the account grows, increase the trading size to 20 lots. As the account grows, increase the trading size to 100 lots ....
The math is so much better the other way as well. For an account of $6700 to grow to $150K in 5 years, it can just as easily go from $6700 to zero or even worse -150K with leveraged trading. This is your problem. You can only see the rosy part of the trading but you don't see its pitfalls. This is typically gambling mentality, only seeing the windfalls but not seeing the loss of the whole house and everything. And just like with any gamblers, liquidity is never the problem, the problem is the non-existence of the money-making stratgies. At least with the financial markets, the odds of winning are much better.
I think his stats say it is going to take 3 years for him to get to 10 lots with his current capital. He wants more capital so he can start at 10 lots straight away.
Create an app biz to improve dating conversational skill/provide real time dialogue ideas-responses. Then sell it for a billion dollars to faang companies and forget about day trading.
I wanted to sell my "track record" as an NFT art piece but a banker told me they do not want digital art work. https://www.elitetrader.com/et/thre...oney-to-exploit-it.362009/page-3#post-5474348