why do most prop firms focus on intraday trading?

yep these guys do have 7-8 figure traders, supposedly, but they also do a lot of this.. (see replies)

i listened to their webinar. it's basically a 2h sales pitch to their education.

 

sorry, I thought this was popular.

 

I think he is channeling Cramer there.

 

Yep! hehe. They have NO idea, They know NOTHING! They are NUTS!!

 

I'm actually channeling you.

 

What did you expect, detailed description of their trade set ups?

 

They actually have pretty detailed breakdowns on YouTube, alongside their sales pitches.

 

Yes I agree with this. Many JBOs now fully back traders with no 1st loss. And there are many reasons they focus on intraday but biggest are risk and margin.

Risk is much higher if hold positions overnight and many prop firms give out significant leverage or BP. If market move 2% during the day, this is not instant move and it is easy to cover and limit loss at 0.5% or whatever tolerance you have. If market gap 2% overnight, then can't control risk during that time and lose full 2%. This is also why broker give much higher leverage for intraday BP vs TIMS for overnight margin.

The firm I trade with offers my trading floor both overnight and intraday BP because of our relationship, strategy and risk and profitability. But other traders I know they only offer them intraday BP

 

Because you are paid to work all day and not just the first thirty minutes of trading and the last thirty minutes before closing?

 

and you think 90% of trading is order execution? furthermore, that the market cares about how much time you spend in it?