Recent content by Tranbo

That sound reasonable. But before I jump in I'll would add few thing below Here is part of my checklist: -Ask if you can trade with lot size smaller then 100 -Ask for Risk Parameter Setting from the Risk Officer -Ask for Sterling Routing Configuration & Work Space Set up -Most...

These prop firms lack of transparency. I applauded sgt slotter for his due dilligent. If they dispute his finding then come out and show thiers hands. Just don't tell him to go away or removing the post--I find it very informative.

I agreed with sgtslotter about verified the Firm Financial Statement from the SEC and do the Math. If the firm claim they have 2000 traders with deposit lock up for one year..it should have showed the result on their statement. Look out for the Red Flags ..such as firm being fined for failing...

Trader Bear It All. -Broker: Take comission -- U bear Risk -Your Risk Officer: Get Paid & You bear risk -Data Provider: Paid in Full but You bear Risk -Software Company: Subscription fee -- U bear risk ...Again! STOP TRADING!!!...and They All Bear Risk! :-)

I've been looking for prop firm that allow trading odd lot also. I have strategy that work with prop firm but required me to trade using smaller share lot. Minus platform fee and commission, on paper, I'm profit almost everyday and on the bad day, I'm not blow-up my account. For day trade...

Day Trading is a business run by the PDT rule, where you must keep your balance sheet under 25K daily. This rule is anti small business in nature and need to be repeal. Repealing Pros: --Small business can be create by just by open a brokerage account, the owner effectively be come...

This Rule benefit the House, Broker and encourage fraud from fly-by night prop firm. After all it might have been bought and paid for by the people in the industry. Where else beside the US where this rule being use? given the structure of the market and PDT rule in the US. Equity Day...

SEC on US have authority over Canada? the 25 PDT does nothing to protect US trader but steer them to the prop firm which lead to abuse and fraud. Canadian brokers can lobby with their regulator to allow US trader to open account and trade... like it was mean to be --equal access to everyone...

We should have the petition to repeal this rule. Where do I go to sign up?

My advice for you is read as much as you can about the Prop firm business model in this forum. Asking yourself why most trader don't made money and disappear while why prop firm is still around? Before you made any decision joining a prop firm...ask around here for Credit check. I'm sure...

As trader in a prop firm, you follow the firm rules which for the most part benefit owner. But if traders get together create a firm which benefit to all members, It will be a revolution for the prop firm industry. Why there aren't any group out there operate with this model? when you heard...

Just wonder if anyone have info on this. Pro/Con between prop firm in US vs Canada.... Thank-You

This rule flourish the prop shop/trading firm capital outfit...not to mention it is done nothing to protect day trader but drove them to prop shop and the majority lose money because prop shop by design --majority --does not favor trader. Here is typical prop shop setup: -5K risk deposit...

Don, please give us your 2cents on the Prop Firm Master/Sub account structure in an LLC which is NONE Registered? since you have been in this business for long time..can they pass the muster and produce enough "income-for-living" as advertised?