I've been trading for 3 years now (retail) with Ameritrade now with IB. My performance is mediocre but has improved overtime and continue improving. I am thinking opening an account with Prop firm here in San Francisco Bay Area and trade 6:30-10:30 AM PACIFIC time the n head to work around 11 AM. I will follow the plan above for about 2 months then I would like to trade remotely from home and there will be no time limitations after that. Question: -What do you of my plan joining a prop for the purpose of LEARNING, margin. -Will prop require me number of trades each day? -Can I hold positions overnight? -Any props in the EAST Bay?
you would probably have to go into S.F. Bright has an office in San Rafael. I think echo is still around in S.F.
You really need automation, either partial or full, in my opinion, to make the opening play work real well. And, it generally takes a few $million of orders each morning (not a problem for this strategy). My current bootcamp has a 83.33% Win/Loss record for the opening only play, FWIW. Making from a nickel, to a dollar on individual trades. Don