Prop Trading Business Model

Hi, I would like to ask you more details about "Ontario based" prop firm. Did you have any issue with some of them? Is it a red flag only if they keep out Ontario residents from trading? Or also if they are based in Ontario? I would like to join one of them (based in Toronto), but I'm afraid to loose my risk deposit. Thanks

 

That ontario based thing is specific to DTTW only because of their history as Swift (they just rebranded themselves). I am sure you know that saga

 

DTTW (Day Trade The World) is former Swift Trade. They run a free trading show every day on their Youtube channel called TraderTV Live: https://www.youtube.com/c/TraderTVLive. They also run a Youtube channel called Market Wisdom where they post educational videos: https://www.youtube.com/c/MarketWisdombyTraderTVLive

If you want to read more about the history of Swift Trade google 'Peter Beck swift' or similar. There are multiple articles out there as well as ET threads about this.

 

and they still are legit ! not allowing your own country client traders to trade sounds fishy!

 

DTTW deny that they are re branded swift

 

This is not the newest list: Top 40 Proprietary Trading Firms from futures mag (August 2019).
https://www.futuresmag.com/2019/08/11/top-40-proprietary-trading-firms?page=1

Not the same business model, isn't it?

 

Trading only 1 security goes against any kind of risk management. There's no interpretable pattern or rule for that to ever work.

 

Better be a pro with one future or stock than continuously trying to diversify IMO.
Best!

 

Then why not trade an index? This way you are trading them all at once!

I win! Wheeeee!