I don't think you understand. It cost a shitload of money to put you in that seat. There is an opportunity cost. They expect you to make 10 to 20 times that. I don't think you understand how these firms work.
What type of max daily loss would they give you per day? 5k? 7k? 30k? I still think you are exaggerating. Look at Schonfeld, they let like 1/3rd their traders go and they were grossing under 60k I believe. Also, look at even SMB Prop traders who are selling DVDs and courses. You really think they'd be selling DVD if they were making 25k per day ? Why would anyone even stay there? Also what is the opportunity cost? Honestly, I'm somewhat familiar with prop firms and my take is that a lot of the traders aren't very profitable. If they're making so much money then why wouldn't they pay a salary? Doesn't make sense.
Those are completely different type of firms. Most these firms in Chicago start guys at 10k daily loss limits. The more experienced guys can lose up to 100k a day. You're not flipping one lots at these firms.
If I can teach you how to trade I can teach a computer how to trade, and I don't have to get dressed at 2 am to post bail after you've been out celebrating because you made 10k for the day.
With a 10k daily loss limit trading futures directionally, I could probably average 5k per day and make up to 50k on a day at my best. Although sounds like they'd be trading quite a bit differently then taking directional bets..
Why the fuck do they require "strong" background in "competitive sports"? Does it have anything to do with trading stocks? A bunch of morons running this firm, I believe.
You will find that the norm for almost all prop firms in Chicago. You better have one of two things on your resume: sports or poker. I'm dead serious, I would venture close to 90% of all prop traders played sports in high school and many in college and pro. Sorry, that's just the way it is.
A con artist is always a con artist. He just doesn't know what makes a successful trader. By the way, are you associated with this "prop" firm in any way or shape or form? You know, advertising for this firm requires a payment to ET! Have you made the payment?
No, I have no affiliation with this prop firm. Seriously, this firm is legit. Almost every prop firm here hires athletes. Two of the top traders at Transmarket Group are ex-Michigan football players.