first day with a prop firm, owned by commissions

Discussion in 'Prop Firms' started by bearmace, Mar 13, 2014.

  1. bearmace

    bearmace

    lol I was in the red in the morning and worked my way back to even later
     
    #21     Mar 14, 2014
  2. jb3398

    jb3398

    When I traded prop I also did large volume. However I had the firm which use to be BSI ran by Angelo set up flat rates. I was paying $30 per trade round trip, plus software fees. That worked out a lot better, because like yourself I would buy 7K lots at a time and trail after .05.

    Set a realistic goal with $60 in BP set a daily goal between $200-250. Which should bring you in the neighborhood of $48K - $52K annually. Of course the preceding applies to intra-day trading on Margin.
     
    #22     Mar 17, 2014
  3. There is no "standard" rate with prop firms, it depends on what you negotiate.

    Like others have posted, definitely go with a registered firm, whether it's WTS/JC or any other legit firm mentioned on these boards.
     
    #23     Mar 18, 2014
  4. trade62

    trade62

    I'm 3 years into trading and only a CPT for past 4 months. I blew up big before I figured out risk management is rule #1, #2 and #3. I am also new to the board and may not be getting the full picture. But it looks like everyone is trading big volume against algos and hfts. WHY? I am very confused? Why trade 100k+ shares trying to scalp pennies against the HFTs while letting the firms take all your profits thru numerous volume fees? Today I game-planned for 12 equities. Two of them hit...TSLA and IBB. I did 5 option roundtrips and 4 equity RTs at 100 shares each and grossed $1953.

    Please know that I am not being critical......I am relatively new and trying to figure it out.
     
    #24     Apr 16, 2014