If u had a great track record, what prop firm would be ur 1st choice for backing?

Discussion in 'Prop Firms' started by lemarche, Jul 31, 2013.

  1. For additional money...

    Thanks for your argumented opinions.
     
  2. Most likely none. if you have an excellent record, there is a good chance you would want to trade your own capital or start your own firm. This would eliminate a lot of barriers that would be put in place in terms of regulations and corporate policies etc. etc.
     
  3. EXACTLY
     
  4. Yes of course.. I have thought about that... and especially I don t want someone to "steal" my trading style/strategy "for free" basically (or just by assuming a limited risk...).

    But the thing is to start reducing your risk (%of equity) you need some money.. 100,000$/€ minimum imho to have decent $ returns. Which I don t have at the moment..
     
  5. igotcash

    igotcash Guest

    a track record on little money isn't a track record. if you are making less than 2-3k a month, that isn't a track record. if I am good at penny poker, would a firm want to hire me to play at the big table? low odds. years ago, maybe. not now. ask parents and family and friends for all their money, since that would mean you really believe in yourself.

    now get out there and make your parents millions!!!
     
  6. Thanks for the encouragement :)

    I have thought about that as well :

    With your own money tho, if you are risking a SIGNIFICANT chunk of your NET WEALTH (or/and your friends'/family's), it is much harder to trade.. Because you think too much about latent LOSSES, and that makes good trading MUCH more difficult...

    My strategy/style has returned 100% over the past 4 months.. and is even better replicable with a few more lots... Am not talking about pennys.. but would like to play in another league without having those 20-30% maximum drawdowns.. (more $, less risk)
     
  7. brad10

    brad10

    It sounds like psychologically you are not at the level you should be to be a successful trader.
     
  8. Maybe I am not..

    Or maybe I am because I am focused on playing great defense...
     
  9. DT-waw

    DT-waw

    none, any, nada, nilch.

    prop firms are NOT looking for trading profits! only turnover or comissions.
    just my 2 cents, choice is always yours.
     
  10. zdreg

    zdreg


    the chance of a firm reverse engineering your trading strategy are between zero and nil. if you believe otherwise you already have a high barrier to successful trading, your ego.
     
    #10     Aug 1, 2013