What to do with my life?

Anything that has a 90% win rate has to have miniscule returns not 5R returns. Much like buying options vs selling options. A lot of option sellers claim 90% winners until that one big loss wipes out all their profits and their capital as well as the Optionseller.com guy. The number of contracts I trade when I buy options is 2% of my total capital per trade. That way, even the worst case scenario, the most I can lose on that trade is 2%.
It is your monies, do as you please with it! I am only here to express my opinion based on my actual trading experience.

 

Thank you for that review! I am sure many here will find it useful in making their decisions. There seems to be fewer and fewer options as far as prop shops for an average trader wanna be

 

@MrMuppet, I'm sorry you think our offer is "BS". On the futures side you absolutely have to pay SMB to try out. In fact, it's more expensive than ours and has more requirements including double the profit target. You also get only 50% of profits rather than 100% of the first $5k and then 70-80% of the rest.

 

Why are you so dense to be able to figure out what 2% means? That if you lose 5 straight trades, you have lost 10% of your monies? Studies have been done on the 2% rule so, look it up for yourself! Compare that to the current trade size the OP uses which is 5%-20%. You need math to figure out he stands to lose 25%-100% of his monies on just 5 trades?

 

You might find this article useful.

https://www.investopedia.com/terms/t/two-percent-rule.asp

 

Losing 2% on a 5 trade streak is not a loss of 10%.

Back to junior high, smalldik

 

If there was $100,000 trading capital and 5 trades were placed simultaneously at $2k each which went belly up, is that not a loss of 10%?

 

$100,000 less 2% = 98,000. What is 2% of 98,000? Do you want the formula?

 

Formula not required.
5 trades at 2% each placed simultaneouly or of equal amounts of 2k each is 10%
Do you want the formula?

 

The article gives an example of how someone can take a position size of over 20% of their account value in Apple, and limit their risk to 2% through a stop loss. This logic is flawed to some extent, because a stop loss won't save you if the stock's price moves past it after-hours or premarket. But it does illustrate that overall position sizing doesn't necessarily determine the overall risk in a trade. I guess technically it does, but only if you're trading something that could legitimately drop to zero overnight.