Prop firms that enable longer term trading?

Discussion in 'Prop Firms' started by Hockey Trader, Feb 12, 2010.

  1. Just curious, and I am sure they don't exist for a few reasons, but are there any prop firms or broker-dealers that let you hold trades for a few days upwards to a few weeks? I assume no place would let you tie up their money for that amount of time, but just wondering. Thanks.

    Would the only option be opening a retail account in this case and using one's own money?
  2. you can use portfolio margining 6.6 times for retail accounts over 100k
    (not an expert on this)
    and i believe bright allows 6.6 overnight margin on 25k depending on your strategy.
  3. lescor


    Of course there are. And you can go over 6.6x leverage, you will just pay a haircut charge beyond that amount.
  4. Yes, and Lescor is correct as well. We slow people down at around 30 to one (hedged of course).

  5. Maverick74


  6. Thanks, guys...Appreciate the info.

    Good trading, BTW, Lescor
  7. Hey Don, how many of these 30 to 1 types blow out their accounts just out of curiosity?

  8. Very few since they are generally the more experienced pairs traders (and merger guys).