ok @Fabes, time to get real. WarriorTrading is indeed a fake. Read through the review here: https://www.tradingschools.org/reviews/warrior-trading/ Second, it takes about 1 year of daily full time dedication to turn from a losing trader into a break even trader, another 6 months to make a little something and cover costs. Expect about 3 years of learning until you make as much as your salary right now and 5 years in total to make meaningful dough. So I'm not saying it's not possible. I'm trading for a living and some people here do as well. But it took me about 5 years to take off and I have about 20 years of trading under the belt now. If you can spend the time to properly learn it, it can be done. I wonder why doctors, architects, programers and the likes spend years and years to learn their craft, throw that away and expect to learn trading within a couple of months from a trading guru from the interweb. Sometimes this feels almost like an insult. I can tell you one thing for sure: It's 100 times more difficult to be a profitable trader than to design a house or perform basic surgery. I've seen fighter pilots lose their shit in front of the screen. Nobody cares about how many integrated platforms you built, coordinated and managed. That won't help you. And I'm sure you don't know what hard work actually means when it's tied to continuous risk taking. So again: I'm not saying it's impossible to learn. I'm saying it's almost impossible for you to learn. You don't have the time to spend 12 hours a day for preparing, executing and reviewing trades. You don't have the money for proper infrastructure and for sure you won't be profitable when you trade via Robin Hood. Right now you can be optimistic because you don't know what you don't know, but that will change when you've lost half of your funds in a couple of months...and you will, even when you trade micros or just a handful of shares. So be warned
@MrMuppet thank you for the context and your timeline how its described is what I had more in mind. I plan on fully vesting into this, as stated, I have unlimited time in the morning with working at home so I wanted to vest myself into learning a new process and new trade. Something I can make money with on my own terms and once I felt confident enough, transition out of my current career. An alternative I was hoping to use trading as a mechanism to raise capital for possibly another flip, so I dont have to take out a hard money loan. 5 years sounds reasonable to me, I have a family Im not going anywhere. I just wanted to find a way in without having 25k to start with. My plan was to use news to locate potential stock movers, not necessarily do a bunch of research on them, because I want to get in and out before the close of the day and hold no positions by close. I was wanting to find a strategy or two and just practice them and my discipline. Right now its just shit flickering everywhere but I understand with more experience it will slow down and I will understand all the moving parts, where to look when anticipating for my next move. I wanted to perfect one strategy while I get up to speed on all the moving parts and then from there branch out and see what other strategies I can add to my toolkit, I get that it does take a lot of repetition to get good at anything. I read if you were to remain disciplined you could have great success perfecting a strategy with charts, is this not a correct assessment is my approach flawed? edit* Thank you for that link, it was very helpful to read that review and definitely changed my opinion on them.
What rules do they not allow you to break? If you make money responsibly, they should shower you will money. If you swing for the fences, then they probably don't want to bank roll you. It doesn't mean you cannot be successful, but it means they don't want to risk their capital to find out (Sang Lucci is an example).
I closed the trade at 3:14 CT instead of 3:10 CT. The principle being to be flat in btw the halt. Didn’t know you guys moved by one hour last Sunday. But by chance I closed it few seconds before the halt. I emailed them and they agreed to give another, but empty, account.
This site allows you to compare the offers of different prop trading firms. www.trader-fund.com We see how similar some props are.
I definitely need to improve my prop website, so it will be easier for people to find out about our opportunities.