Didn't I already ask this question, kind of? Pathetic! No cookie for j00!
$10,000 investment for $200,000 trading capital? Should I do it
- Thread starter Esko
- Start date
Didn't I already ask this question, kind of? Pathetic! No cookie for j00!
How about you take a minute to show how I am being a moron instead of just name calling. I took the time to find your post where you claimed to make a shit load of money, and it therefore follows that you shouldn't have an access to capital problem.
You could even say you made it, you lost it, can't make it again cause it was a lucky fluke, and hence why you need a prop firm now. This I could respect. But based on what you presented thus far, something doesn't add up.
You could even say you made it, you lost it, can't make it again cause it was a lucky fluke, and hence why you need a prop firm now. This I could respect. But based on what you presented thus far, something doesn't add up.
If you look at the time stamps, we posted at the same time!
I never offered to teach anyone anything. I tried to tell the poster that what he's trying to attain is possible.
This is great advice, ill check out topstep. Will probably go with this route as well eventually, 200k capital right away is very tempting, and I'm very confident I won't go over the 10k loss thresholdOnly if you want to buy all their courses, because that's what you're really paying for, it seems?
If you already know how to trade, and/or for any other reason you don't want to buy them, I'd think you'd probably be much better off somewhere like TopStepTrader, where you'd pay only $200/$300 or whatever for the opportunity to pass a "Combine" to qualify for a funded account (and if you can't pass that, you probably wouldn't qualify under the drawdown rules at Tradenet anyway)?
It appears that with Tradenet, you're effectively funding your own account, really? You put up 5% of the money but have a 5% drawdown limit, so they have no risk anyway? Hard to see any benefit in that?
Solid advice.
I get the loss buffer and the way I see it is if I'm giving someone the ability to trade 200k of my capital, a 5% loss buffer is beyond generous. But that's just me. I'm very disciplined.....until I'm not....but I get what you're saying something like this doesn't leave a lot of room for error but I'm confident I can thrive. I have 3 indexes that I've been trading for years that I know pretty well, so plan to just scalp these daily with the account with tight stops
May be TopStepTrader is the way to go.
The combine lets you access 150K within 2 to 3 weeks
for a mere 400$ if I am not mistaken.
Also, they'll help you find out more about this "until I'm not". Xela advice seems the best one.
Also, it is important as a trader to use profits for your own enjoyment so
you could enjoy the 9600$ left out of the 10k for yourself.
Last edited:
If one can trade he should avoid props , if one can not trade he should avoid them too...
