Questions on Equity Day Trading for a Prop. Firm

Discussion in 'Professional Trading' started by benzine, Feb 27, 2013.

  1. benzine

    benzine

    Thank you so much southall...

    Your replies really helped me make out a decision.
    I will be dodging their offer. Guess I'll keep trading.. just not day trading.

    Thanks again.
     
    #11     Mar 1, 2013

  2. Look at it this way.

    The max you will lose is $1k and some time.

    I didn't like anything about it.

    Did their training program. I wouldn't do it again unless I was paid.
     
    #12     Mar 1, 2013
  3. Yep. Brutal but true.
     
    #13     Mar 1, 2013
  4. Busta21

    Busta21

    Yes. When I was starting out I looked at props. Make no mistake, props are in the business of making comm. and fees. You are better off trading futures with AMP or Mirus with a $10,000 account starting with $500 margin products and then seeing how it goes from there. Salary wise, I know traders at props making $20,000 a month, WTS in NYC mainly, but, they've been at it for years so that's a different story. If I could have gone back I would have started trading futures and taken a P/T job outside of finance to supplement your income until you get the flow. It may not look cool or fit into your plan but give it 12 months and then look back - I bet you won't regret it.
     
    #14     Mar 2, 2013