Hi, Are there any trading firms where someone can put up their own capital and pay for training and a desk and be somewhat independent? I've been following the markets for a few years now, lost in fantasy stock trading and real-life trading, but I have also learned a lot and come back more determined each time to succeed. I'm 26 y/o, and investing part of my pay into my IRA and personal trading account and down the road I want to get serious and day trade. I don't have the illusion of getting rich quick, but I love it and I can see myself over time getting good at it. In a nutshell, any helpful suggestions would be appreciated. I'm starting out and love the world of investments; I know it's a high-stress profession, but when you do what you love for work, you won't work a day in your life, so to speak. I know also to trade out of one's home or whatever you need at least $25k in cash. Thanks again!!
What you're looking for is a prop firm that requires security deposit. Some provide training and basically you use the leverage they provide to trade and you will give them a cut if your trade is profitable. Go to the Prop Firm forum for more.
I second what elitetradesman said about seeking a Prop Firm. You sound young and ambitious, good luck to you!
Hello All, I am 17 years old in the Chicago area with a great interest in trading, eventually i want to make a career out of it. Currently i am trading my own money on my etrade account while attending highschool. I havent chose the college that i will be attending yet but i am looking at schools with top business programs. For the time being i would like to get some experience at a prop trading firm, or hedge fund(I'm not expecting any responsiblities...mostly offering help around the office...to network with the industry professionals) Now i know most of you will say what i want is an internship and i need to be enrolled in college for this... you guys know of any prop firms/hegde funds that would take on someone like me for extra help doing little tasks around the office? Thanks, Mike
hey guys- here's a pretty big list of prop firms in the Chicago / NY area http://www.traderslog.com/proprietarytradingfirms/ Mike- my best advice to you is to keep trading, especially with real $ prop firms seem to LOVE when people in high school & college trade frequently and will definitely get you in a seat when you're out of college. If you're good you can definitely nab a seat at one of the 'better' firms.. as soon as anyone starts talking about which prop firms are the 'best' on the internet the irrational screaming starts (see: http://www.wallstreetoasis.com/forums/best-proprietary-trading-firms-2010 ) so seek out a bunch and make up your own mind what fits you