Does T3 ever provide capital, or just better leverage? I don't use more than 5x anyway.

I trade at another JBO firm, I know my firm backs traders in various ways.

Risepoint1879 said:
Yeah, they start .006 per share. But what's the point if I don't use more than 4x margin. I'm not comfortable risking 5% per trade, and losing 40% of my account on a losing streak.
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Just because you have more BP doesn't mean you are inherently risking more of your capital per trade.
 
Proptrader23 said:
I trade at another JBO firm, I know my firm backs traders in various ways.



Just because you have more BP doesn't mean you are inherently risking more of your capital per trade.
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If I'm not using the buying power, what's the point of the prop firm?
 
Is their anyone with T3 right now that likes it there and can explain a little about the fees and commissions they pay. I see some horror story's online, not sure if they are true or not?
 
Question on T3, I'm assuming you get a 1099 as an independent contractor?

Also, if you trade futures, does the tax benefits you get from trading futures flow through to when paying your income taxes?

Anyone know how that works from a tax perspective?
 
Risepoint1879 said:
I am personally checking out SMB. T3 is first loss, which means that no matter how much buying power they give you, your actual equity is on the front line for losses. How can I risk a 15% drawdown on $300k buying power, when my personal equity of $20k takes the whole hit? The buying power is useless to me at that point.

SMB takes 30-40% of profit, but they give you all capital, and don't mark up commissions. They told me they're getting .0007 per share.
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I don't think SMB opens retail accounts with a deposit. They hire and back all their traders and take all the downside risk.
 
H2O said:
When I was a prop trader, I benefited from extremely low commissions and virtually unlimited buying power. Both can be important factors, especially when holding large size overnight.

Note: I traded firm capital (no money down). This type of deals appear increasingly rare these days.
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What's the max leverage they give you in a prop firm if I may ask? Wondering if retail traders could access those kinds of leverage. The most I've seen is with 6x with tradezero.
 
MyNinja said:
What's the max leverage they give you in a prop firm if I may ask? Wondering if retail traders could access those kinds of leverage. The most I've seen is with 6x with tradezero.
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As mentioned in the post you quoted, I traded firm capital only. Risk management set my trading limits based on my trading style (and I assume on overall firm exposure). "Leverage" therefore didn't exist for me.

I know other traders at that firm traded their own capital, but I don't know the details of their leverage constraints - although I understand meaningful leverage was provided depending on individual traders' risk.
 
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