What do you mean by this?? Prop firms let you trade the firms money, and if you lose it, its the Prop Firms loss - not the traders?? Do all Props work this way??
i know at swifttrade, if u lose money,u still can get the paycheck of last month. but my friend say in title trading, they will deduct the lose money from u last paycheck, is that true for all title trading branch?
True, if you are owed 5k, and you lose 1k and quit, you will get a paycheck for 4k. In my experience, this is also the way it works at swifttrade, as im sure someone will come along and tell you soon enough
You can't be serious? What you are describing is welfare. Welfare is for the needy, not prop traders. Everyone is a winner? How about the guy with the mortgage and a family to feed who made 4k and only gets 2k? Sure the numbskull who lost the 2k is a big winner but how long do you think it would take until he showed up laying in a ditch with an axe in the side of his head?
I'm glad that someone else sees the stupidity in his idea.... Not often that you find socialist traders.
Thats harsh even by pirate standards. Remind me NOT to trade in the same office as you, I would never know when my time was up and it was ditch day.
2k a month does not seem enticing to endure all the stress to be a daytrader. Either you win big by yourself or lose everything, thats what daytrading is about. For 2k a month and job security you might as well work at wallmart.
well, from what i heard, title trading does not pay base salary at all. it 's all depends on personal performances. then they hv a payment structure. usually they start at 50% payoff. ===== working in accounting for two years, i think the only reason title trading sign independent contracts with traders is Title trading is trying to "avoid" cpp. to its employees... i am not sure how other private companies handle their employees cpp issue.
How long has Title Trading been around ? more than 3yrs? I heard that Title was actually a different company a couple years back ..... anyone know if thats true or not? what was previous name ? anyone anyone regards V2K
I have been there for a year and they have been title the whole way. I believe before they were affiliated with HLV but when they saw the smoke, they ran and created their own setup. That may not be 100% accurate though.