$10,000 investment for $200,000 trading capital? Should I do it

I'm seeing a proliferation of threads by 'new members' on how to make a zillion dollars with $20.00 outlay, to be done in 5 minutes.
In other words Trolls coming onto ET with pure bullshit.
My solution from now on as soon as I spot this crap is put the OP on immediate ignore.
If we pander to this rubbish, ET will very quickly degenerate into another stupid trading forum with zero credibility.
 
JackRab said:
But where's the fun in that mate? I'm more like a cat... catch 'em and play around with them a little... :D
More...
Mate, it's like going to a skating rink on a Friday night and attempting to have an intelligent conversation with a pimply 16 yo lad who only has one thing on his mind and that is crumpet. (Skirt)
You are out of place, but the 16yo is in his element. :)
 
The OP's post is clear evidence as to why 90% or more of traders lose.
Esko said:
I'm thinking of joining the online prop firm Tradenet run by Meir Barak.

The jist of it is:

I deposit $10,000 (that is non refundable)

They give me $200,000 capital to day trade with using their software,

Once I make back my initial $10,000 deposit, I keep 80% of the profits they keep 20%. I also believe there are trading fees as well.

The firm has been around since I believe 2004 and is based in Israel.

I'm seeking advice and any input you guys may have on me doing something like this. I'm fully prepared to lose my entire $10k invested trading so that's not what I'm worried about.

Do you think this is wise?
More...
Yes, very wise...do it asap, thanks.
 
Your basically trading on 20:1 margin, on top of any margin what your trading gives you, likely 40:1 or wayyyy more, so super high risk you'll blow out.

Live demo trade 200k, can you fly if so worth the risk or do you keep getting margin called effectively.

They want you to be profitable which is good, they might help, or they may just want you to buy loads of training and keep losing your 10k, ofcourse there software might not place real trades if so you blow out, they keep your 10k aswell, get profitable flip you to live trading.
 
Something interesting, they do a live trading Youtube channel each day during market hours, and do live trades during market hours.

Turveyd said:
Your basically trading on 20:1 margin, on top of any margin what your trading gives you, likely 40:1 or wayyyy more, so super high risk you'll blow out.

Live demo trade 200k, can you fly if so worth the risk or do you keep getting margin called effectively.

They want you to be profitable which is good, they might help, or they may just want you to buy loads of training and keep losing your 10k, ofcourse there software might not place real trades if so you blow out, they keep your 10k aswell, get profitable flip you to live trading.
More...
 
no. are you profitable at the 3k-80k buying power level? if yes, then take some out and move up. but no way should you start at 10k...no no no no. btw, who takes the other side of the trade on cfds? have you been profitable paper trading? like w das trader pro paper...it is a lot cheaper to practice than it is to just throw $
 
The people who run these businesses have a really robust business plan. Basically this is what I think they do to earn money. You invest 10k into a 200k account. They make it so that if you lose 10k of that money that you deposited you are cut off of the account. So in turn, they don't take any risk. In fact if I were to speculate, they probably take all of your counter trades, assuming that you will probably lose money. In turn that 10k goes into their pocket, even if it appears "lost". If you happen to be an amazing trader, then you good for them as well. Because after you've proven your track record, they stop taking trades against you and give themselves commission for doing absolutely nothing.

It's a good strategy.
 
You must log in or register to reply here.
Back
Top