Prop Leverage

Discussion in 'Prop Firms' started by Topper, Sep 3, 2010.

  1. Topper


    Was looking into joining a prop firm and was told I'd get 170:1 leverage and .0004 per share.

    Does this sound reasonable or does it sound a little far fetched?
  2. when you walk into your interview, start your negotiation at 5000:1 and figure they'll meet you in the middle.

  3. That sounds sure to put a lot of money there because that's some pretty responsible risk management by the company. Seriously...a move 1/10th of the flash crash would bring the whole firm, plus your deposit, down. (please not the sarcasm)

  4. TheMan


    that would be

    " please NOTE the sarcasm" not.........not

    It helps, when trying to be a smartass, to do it correctly.

  5. Topper


    I'm not really feelin' the message here. Are you saying it's bs, or is it a fair deal. I'm not new to trading but I am new to props.

    The firm seems to be on the up n up and strait forward but like I said, I don't know what's going on with this type of industry or the play.

    I'm basic so would you mind simplifying the replies to the short bus level?

  6. gov


    He's saying that that level of leverage is going to put a stick so far up your ass it will likely never come out. :D

    Welcome to the short bus.
  7. I'd suggest checking your seat before sitting.