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Best Prop firm in San Francisco area
- Thread starter BudFoxx
- Start date
Quote from Jayford:
You are not trading your own money at a true prop shop.
If you want to put up $25K, and trade your own, via their technology, etc, then I'd say Bright would be a great way to go. If you are not confident enough to trade your own, then maybe you shouldn't be in the biz anyway according to some. I don't necessarily subscribe to this as there is something to be said for training; however, landing a "prop" job isn't all that easy (their money). Walking into a place like Bright pretty much just requires that you have the money.
If considering Bright, check to see if Dale Pitt is still running the office. Great guy to work with, and he won't give you any bullshit about what they are offering. If you need training, you can do the Bright "school" in Vegas. They will charge you for it.
Imo, trading equities via a shop noways is pretty damn tough due to lack of volatility and overhead. I believe making money trading futures, if day trading, is far easier (due to volatility and overhead). I don't wish to start a big argument on that issue here, as it has been done ad nauseam elsewhere on ET. Just a statement that trading via any of the equity shops is very tough as can be witnessed by the empty seats most of them now have.
Jay
Um okay, there is enough volatiity in the stock market. Look at the metal stocks right now. Every stock is basically volatile at the moment due to current minor correction. Average daily ranges are $5, good enough to make some nice cash. But what do I know.
Of course, I have never traded for a prop firm, so I wouldn't know about overhead. But, the volatility is there.
I trade under Assent. the fees bury you. Im surprized we didnt get charged for using a chair.
Quote from optionzztrader:
Um okay, there is enough volatiity in the stock market. Look at the metal stocks right now. Every stock is basically volatile at the moment due to current minor correction. Average daily ranges are $5, good enough to make some nice cash. But what do I know.
I agree also.
I never understood statements like that. If you are good enough to find a GAURANTEE 20 cent move everday, you'll make more money than anyone else you know. Of course, if you are good you find more than 20+ cent moves, more than once a day. Profitablity is limitless