Well, if you want to get specific, technically it's 30k. The combine Austin is doing allows you to lose 6k before getting sent back. When he goes live again they wipe that loss out. Michael stated that they are willing to do that 5 times. So if by "give" you mean how much in losses will they absorb, that number in his case is 30k. Just wanted to clear that up.
I don't read it any more or less than verbatim. What is stated in the site looks pretty clear to me. Which is why I read no further than that.
Do you really think you would see a dime if the backing firm filed a chp7 and listed your trading profits as a liability ?
And a good year for them is 20% return yet the combine wants you to generate $2500 profit in 2 weeks on $1500 worth of intraday margin
In the case of TST backing, how much of my own capital would I lose? Guys like Don Miller lost $3mm of his own with MFG and ceased trading for awhile until he recovered whatever amount. Thousands of others are just like him... personal capital lost.
60/40 tax treatment and get stuck paying 15.3% extra for self employment tax on top of your tax bracket.
It's amazing the hate people toss out. So tell me how many have just put 5k in the account and never looked back first time out.. Doubt it. People who trade know its not just a walk in the park. So serious if you are bitching about 300 dollars which can be made and lost. In 1 min in the futures market needs to get a life. so I risk 300 instead of 10k get some help and maybe get a account can't be all that bad. I am guessing all the hate is from prop house that. Are jealous. Since most don't teach you anything and just take your 5k and you trade it your self and the prop firm really doesn't put any risk capital on the line.. Peace out
and that differs greatly from trading your own money how? keeping in mind it is extra capital on the side... just more firepower than you have right now to trade whatever else you desire, period.