I've been reading posts on elitetrader about proprietary firms and I have a couple of questions. I don't want to beat a dead horse (I know there have already been several threads) but I haven't found the answer I'm looking for. I'm confused about how losses are handled. So far from what I've read, Worldco is the only firm that will actually let you keep trading once you've blown your own deposit. Apparently several traders there are thousands in the hole and are still plucking away. I called Bright Trading and they told me the way it works is that your initial $25,000 deposit is to protect them from your losses. But you "get" to trade firm capital. Woopty do! So in other words, I'm 'trading' firm capital but RISKING my own. If you are risking your own money and truly believe in disciplined risk management (not risking more than 1% of capital per trade) then what good is extra leverage? You would never need it! I can see how this would appeal to people who don't understand risk, but someone who does could easily see how all this extra leverage could wipe you out. So other than bullets, and a few other advantages that pro firms offer, why would I be interested in switching to get 10/1 margin? Other than surprise rate cuts, I can't think of when I'd EVER want that much leverage. Anyone have a different opinion?