If you're a pattern daytrader you'd have to put 25k into your account. I didnt have that kind of money so i had to go another route.
This site looked interesting. Advertises 4-1 margin with a $2000 account. Must be offshore. http://www.alldaytraders.com/ I have no experience whatsoever with these folks, so buyer beware.
That's Alliance Capital and I have an account with them already when I first started Daytrading 3 years ago BUT there commission rates are crazy so I would rather not use them. Other then that, they where fine!
It seems that alldaytraders.com uses the "white label" version of these guys...http://www.realfasttrader.com/p7.htm but allow small timers to open an account with $2K
deposite one of those '0% until next year ' credit check to your account then link up your account to another account, after your trade transfer out the balance and when you ready for next trade transfer it back in then you won't feel like locking up .
You said you didn't want to overtrade your system. I believe you're allowed 5 trades a week with less than 25K. Why not for now, just take one really good setup each day. If after a month or two, you find that you're profitable, you can then figure something out to increase your account size.
If you have a truly profitable system, why not borrow on your credit cards (if you have any) and put the capital into a trading account. Alternatively you could take a second mortgage out on your house (or double wide trailer) and fund your account that way. Also, if you have a record of good performance at your day job, you might approach your employer and ask for a loan based on your future prospects. If for instance, you work at "McDonalds" and you have a track record there, you might ask them for a loan based on your ability to make dayshift manager at some point in the future. You may want to consider selling your car (if you still have one) or other valuable items (like computers), or perhaps you could go down to your local blood bank and make donations, putting that money into a trading account. Based on the type of commentary you place here, you might also consider donating to a sperm bank. It seems to me that you would be uniquely suited to funding your account that way. If your trailer park is near to a major University, you may want to look into volunteering to be the subject of medical tests or procedures. As a last resort, you might advertise in certain publications overseas as a organ donor. I would bet that you could obtain a significant amount of money for a kidney, an eye or testicle. I think I have covered all the options. I wish you good luck with your system. I am sure we will hear of your success in the near future. Steve
Which prop places expect this of you? None of the ones I've ever been with. Put up your $10k with a retail llc, no licensing required, good intra-day leverage, there's lots of them out there. Usually restrictive on overnights, and you might pay some kind of monthly software fee. I keep hearing of these prop firms that force you to churn and trade tons of volume, but I've yet to encounter one in the real world.