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That is a very mistaken assumption. They don't care about what size you're trading - they want to see consistency that they can lever the piss out of. That simple. If you blow out two small accounts, you'll blow out two giant accounts. My advice for you is to take this upcoming opportunity...

It depends on the firm Risk Manager and the Firm Principals but I think your characterization is fair. As a new trader you don’t want to dig a big hole for yourself. You’re getting a draw salary and you have monthly expenses on top of that.

It varies from firm to firm - I will speak in generalizations. Proprietary Trading Firm Principals (the owners whose capital is at risk) will start every trader out with one lots - and if he’s down five or six hundred bucks in a day he’ll get a tap on his shoulder and get told to give up for...

My inference from your OP was that you were asking how Proprietary Trading Firms start out new traders from a risk / sizing standpoint - and I tailored my thread responses accordingly. Prop Firm Risk Managers and an independent trader account are two very different situations.

Felony Pizza Party

Get hired by a CME registered proprietary trading firm first like DRW or TransMarket. You're essentially asking a silly hypothetical question that's beside the point. DRW and TransMarket will set your sizing for you. They determine that - not you. When I got hired at ITG, I started out...

If you've proven yourself, they will encourage you to take as many as you can. And I mean take them all. Starting out, you will be paid a very very modest living wage and you will start out trading small size. Once you've proven consistency - they will lever you very quickly. "Proving...

I am not aware of a legitimate CME-registered electronic membership proprietary trading firm that has "combines" and "tryouts". I am referring to firms like DRW, Geneva, Belvidere, Jump, Peak 6... Since you are risking only the firm's capital - the firm's risk manager and your manager sets...

You can't support $3.7T in annual GDP with $200K cars. The Porsche Taycan 4S - at $103K base; has considerably less range that the Model S or the Model 3, and is slower than the Model S and Model 3.

I am personally more aligned with the theory that carbon taxes are much more effective in developed, advanced countries - and that for developing countries, they are regressive and will in all likelihood have a counterproductive consequence on the environment. If we make fossil fuels...

Fascinating that the Hong Kong protests have stopped... :rolleyes:;)

Xi said yesterday: A national system to control biosecurity risks must be put in place “to protect the people’s health,” Xi said, because lab safety is a “national security” issue.

Look at the USD Index and the US Ten Year Note Yield. That’s what a possible worldwide virus pandemic and economic slowdown look like.

We're in the midst of a virus that scientists at present know very little about, and that the CDC is preparing for as a pandemic - and jagoffs are fighting about grammar o_O

Truth Bomb. Which is why China has quarantined millions of citizens despite the severe risk to its prestige and economic power. And, of course, you’ve got a billion people squatting into open holes to deficate and none of the public bathrooms supply toilet paper so there’s that disease vector.

Ditch the Fibo and just use trend lines. Resistance is futile. :D

Agent to John Goodman: “We want you to play a naive apologist and cheerleader for someone who stole a lot of money. And then, after the facts are known and the thief pleaded guilty - continue to be a naive apologist and cheerleader”.

Read her Federal Indictment, for which she agreed to the government’s facts and PLEAD GUILTY TO in an Atlanta Federal Court. There are links to the government’s case earlier in this thread. Read it. Nothing “super” about her.

Ten Year Note Yield 1.495%.

Ouch.