Will a prop firm allow this?

Discussion in 'Prop Firms' started by AshanD, Sep 29, 2007.

  1. AshanD

    AshanD

    Opening an account for long term investing. I want to gain 10x leverage on my $20k and split it into some stable ETFs and hold for a year or more. I think that prop firms are mainly for daytrading, so I'm not sure if this would be possible.
     
  2. cstfx

    cstfx

    no.
     
  3. Yes. I did a strategy similar to this when interest rates were very low. Higher rates now though, when combined with the haircut fee most firms will charge you, will make the cost to carry your positions quite expensive. You'd likely have a double digit vig to overcome.
     
  4. Our traders can hold positions for minutes or months, their choice. We have never been a solely "day" trading firm, too limiting in bottom line profits. Our traders actually become their own portfolio managers if they so choose.

    Don