Thread starter said 10 - 100 million dollar trades. In contrast, Mr. Brooks once stated his account size and even on margin...he can't do 500k trade. Simply, he's probably doing a few contracts here and there like the typical retail trader. Its simple, if someone is doing 10 - 100 million dollar trades via the qualifier of a really large successful trader by the thread starter in his initial post...a trader doing 10 - 100 million dollar trades ain't no retail trader. That concept is not very difficult to understand.
Why's that billy? I opened my first prop account with 10k and have had profits in excess of 800k (sterling) from that point.
it was funny because there's practically no difference between 2000 and 10000. a prop account is not the same as 10000.
Well it's 10k capital risk whether it's prop or retail or whatever. But prop give you far more leverage and let you scale up quicker. And anyway the whole basis of my point was that you need to at least be prop to make big money and it won't cut it on a retail level/retail fees. But...£10k capital risk is all I started with
"He did show multiple 2014 statements from one of his many brokerage accounts, in addition to his 2013 tax return. Those brokerage statements, from SBI Holdings Inc., showed liquid assets ranging from 4.4 billion yen to 4.8 billion yen. His tax return showed he traded 1.7 trillion yen worth of Japanese equities in 2013 -- about half of 1 percent of the value of all the share transactions done by individuals on the Tokyo Stock Exchange. On his busiest day, he says, he bought and sold 70 billion yen worth of stocks." That is from CIS' bloomberg story.
Why do you need a prop firm if you are in the uk you can trade CFD's with some stupid amounts of leverage if you wanted to. As for retail fees, they only play a large role if you are scalping and go for small profits.
retail traders that become very successful get an office. (you have to shower, get out of bed, and get away from the wife / kids). they may buy seats and other such strategies to reduce their commissions and increase execution speed. they would subscribe to every service that they deem useful. even though they have "turned pro" (in your eyes) they usually stick to the trading strategies that got them there, so for all intense proposes they are still "retail". i'm sure some stay home if they are not married, but that gets so stale and you are not around like minded individuals.
The article I saw said the brokerage firm couldn't confirm the info. Yet, nothing wasn't mention about any tax returns. Also, any trader on the Tokyo Stock Exchange that trades size like that are given a special ID as a professional trader. Simply, he's not a retail trader.