This question is for all the prop traders on the board. How much do you risk per trade on a % basis of equity? Whats your daily cutoff point based on account %? The reason i`m asking is because I often think about opening a prop account. But the leverage kind of intimidates me. I think I would have an ulcer if I lost 1% in a day...and with a 25mcap base @ 10-1 thats pretty easy to do. Hell..a few down days and your in the hole but good. I have been watching the PnL thread for awhile and some of the big swingers must have a few 100 in cap base to comfortably swing that stick. Mods = sorry for multiple threads..was trying to make a poll and screwed up.
hilarious...but not needed. My retail account is just fine @ > 100mm typical kids playing on the internet.
Yea, you're right. What imbeciles for not recognizing your pedigree. Just what we need... another transparent idiot.
LOL.....wasnt looking for a fight. Just curious about you prop guys. geez..high strung around here eh?