Sorry misread your post. Assurances you can get.
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Are all prop firms money sucking, greedy, evil, capitalist pigs?
- Thread starter Ron In-a-sauna
- Start date
Sorry misread your post. Assurances you can get.
yes
maybe
Put yourself in their shoes. If you owned the prop firm, would you hire complete newbies and then depend upon them to be profitable for your own survival ? If you did you would be pretty dumb.
Originally posted by inandlong
Dear EliteTrader,
I have been very interested in a prop firm and have actually spoken with some representatives. One firm I liked in particular and was making plans to visit the office, although I would be operating as a remote trader.
I was interested in trading their proprietary strategies, bullets, and the whole thing, working my butt off for the benefit of all; but I am not interested in spending a lot of my own money in the process. So I asked for an assurance from the two principles I spoke with - not a guarantee - but as a matter of integrity - that I would be profitable trading their proprietary strategies.
To date, I have not heard back from either of them regarding this assurance. Ever the optimist, I am hoping that the case is that neither fellow received the message... !
Am I asking too much? If in the course of a discussion, both guys are telling me that everyone is making money using the proprietary strategies, big money, then am I wrong to make it a matter of integrity - and not just a sales pitch? I like both guys and my impression is that they are straight shooters, but even at my age I am too trusting.
Signed,
Anxiously Waiting
Yes, you are asking too much. We have similiar systems and some traders excel, some make a living and some struggle.
You can only lead them to the water, but you can't make them drink ...
Some firm owners/mgrs are top salesmen.
How do they draw newbies in?
Easy. They become your friend. Offer you what you want. Tell you what you want to hear. Give you the impression they are straight up.
However, you will soon find that these sales men are also great at dodging blame and avoiding accountability.
Its part of the game.
Trader vs Firm.
Play well my friend.
How do they draw newbies in?
Easy. They become your friend. Offer you what you want. Tell you what you want to hear. Give you the impression they are straight up.
However, you will soon find that these sales men are also great at dodging blame and avoiding accountability.
Its part of the game.
Trader vs Firm.
Play well my friend.
metooxx,
your last phrase... is that to say then that those who are not doing well are not drinking? Conversely, are you saying those who excel are drinking?
Without the metaphor, are you saying that those who employ the strategies they have been shown excel, and those who do not employ those strategies do not excel?
Or, back to the metaphor, are you saying, "look over here is drinkable water, you must learn to drink on your own. Those who learn to drink on their own live, those who do not perish. I cannot tell you what you will do?"
Without the metaphor, "new trader, here is the strategy. Those who figure out how to use it excel, those who don't ... don't."
Back to the metaphor, "if you thirst, here is the water, kneel, cup your hands together and scoop some water, put your mouth to the water and drink." We of course, do not want to stick our heads in the water to drink, those men were sent home.
Without the metaphor, "here is the strategy that I use. This is how I employ it. Step 1, step 2, step 3."
Bottom line, sure you can lead me to the water, but can you show me how to drink. Then if I do not drink it is my fault.
your last phrase... is that to say then that those who are not doing well are not drinking? Conversely, are you saying those who excel are drinking?
Without the metaphor, are you saying that those who employ the strategies they have been shown excel, and those who do not employ those strategies do not excel?
Or, back to the metaphor, are you saying, "look over here is drinkable water, you must learn to drink on your own. Those who learn to drink on their own live, those who do not perish. I cannot tell you what you will do?"
Without the metaphor, "new trader, here is the strategy. Those who figure out how to use it excel, those who don't ... don't."
Back to the metaphor, "if you thirst, here is the water, kneel, cup your hands together and scoop some water, put your mouth to the water and drink." We of course, do not want to stick our heads in the water to drink, those men were sent home.
Without the metaphor, "here is the strategy that I use. This is how I employ it. Step 1, step 2, step 3."
Bottom line, sure you can lead me to the water, but can you show me how to drink. Then if I do not drink it is my fault.
You may want to consider the LLC route that could give you the best of both worlds. I trade with one that is run by people I know so that is big plus
inandlong, thats pretty deep!
i thought i would hear more prop firm bashing on here, but maybe its just a voiceferous few, or more inter-firm bashing.
personally i am joining a prop. firm; i just hope in a year i am on this board conversing, even bashing, poking fun, or other joshing, bantering, tomfoolery..............................
because that will mean i am still in the game.
i thought i would hear more prop firm bashing on here, but maybe its just a voiceferous few, or more inter-firm bashing.
personally i am joining a prop. firm; i just hope in a year i am on this board conversing, even bashing, poking fun, or other joshing, bantering, tomfoolery..............................
because that will mean i am still in the game.