Experienced trader looking for new prop firm

Discussion in 'Prop Firms' started by LastStance, Mar 13, 2013.

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  1. dealmaker

    dealmaker

    Then I stand corrected....
    Echo and Bright require S7....
    I had read in one of the posts on this site that a firm can't accept both it has to be either, or...
     
    #21     Mar 28, 2013
  2. I think Hold Brothers accepts both, not 100% sure though.
     
    #22     Mar 28, 2013
  3. any echo guys here?
    i trade with WTS and would like to explore some options
     
    #23     Mar 28, 2013
  4. dealmaker

    dealmaker

    I trade with Echo...
     
    #24     Mar 28, 2013
  5. Wait ! I think we are both wrong.
    At 2 cents per 1000, isn't that only $10 per day ?
     
    #25     Mar 28, 2013
  6. Interesting. So what's their average win amount per share ... a penny or two ?
    What's their stop loss ? Even ?
    IOW, they sit there for x seconds, and if not filled, then they pull the order.
    And when they get filled long, they put in 2 stops - one at the entry price and the other 2 pennies north of the entry price ?

    So with this strategy, I can't see anyone making more than a quarter to half-penny on the average. Still, thats $1200-$2500 per day...not bad.
     
    #26     Mar 28, 2013
  7. i think you just went an extra decimal place the other way.
     
    #27     Mar 28, 2013
  8. I think the problem is: I don't recall his rate. Is it around 20 cents per 1000 then ? In that case, it's $100 per day.
    BTW: I think that's about the lowest of the lowest rate you can get, correct ?
     
    #28     Mar 28, 2013

  9. sounded like he (scottsam) paid $2 per 1000 shares or .2 cents per share which is the same as .002 per share.

    20 cents per 1000 shares would be .0002 per share. (yes this is a very low rate but comes with a profit split)


    $10,000 per day on 500,000 shares would be 2 cents per share.
     
    #29     Mar 28, 2013
  10. "been profitable every week since 2009"

    Your last name isn't Madoff is it?
     
    #30     Mar 28, 2013
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