How do prop traders employ money managment strategies?

Discussion in 'Professional Trading' started by TrueRange, Jun 7, 2006.

  1. 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.
  2. Daal


    I heard burger kind is hiring
  3. ddunbar

    ddunbar Guest

    LOL. :D
  4. I hearded that two.
  5. hilarious...but not needed. My retail account is just fine @ > 100mm

    typical kids playing on the internet.
  6. Yea, you're right. What imbeciles for not recognizing your pedigree.

    Just what we need... another transparent idiot.
  7. LOL.....wasnt looking for a fight. Just curious about you prop guys.

    geez..high strung around here eh?
  8. ddunbar

    ddunbar Guest

    But at least you laughed at the Burger King comment. It was so left field wasn't it?
  9. i do enjoy the whopper! :D
  10. but do you enjoy MAKING the whopper? That's the question
    #10     Jun 8, 2006