Equities Prop for U.S Citizen without series 57

I didn't care if I lost a 20k deposit with a shady firm if I was going to make more in 1 month with them/save money on commish vs. retail

But the question is what if the firm is outright scam and vanishes with your 20 K First loss deposit ! as soon as you put it that is what I meant .. any way your money your risk
 
So what? Who cares/why would you, personally, care? What is it about your personal trading I can relate to?

Or what can you relate to in terms of my argument/genuine inquiry/initial post? { i'm trying to understand/find value, so if I sound terrible, its not my intention }. That said, and forgive me if I'm not explaining myself, but what exactly is your concern? Losing a deposit?

The way i described my rationale might of been clouded by too many .001xyzs.

In the most familiar, most relatable terms, would you deposit 1 cent, { an actualy penny}, to have 1 million pennies in buying power, with a draw? At a firm you knew would blow up { lose your 1 penny deposit within a year? "
 
The only answer/reason anybody would be concerned about losing a 1 penny deposit in the aforementioned example is if they weren't sure they could make 2 pennies the next month, in light of say retail trading{fdic} being .07 pennies a trade per share. { sorry for switching up the .00xyzs, but think of of the following:

Deposit 10k. Trades 10 million shares a month. Has basically unlimtied bp intraday, or to be conservative, a retail amount of bp, 4x. Trades at a .007 and gross pnl is 100k a month


Whats your number for this to make sense?
Whats your number for this to not make sense?

Not to get all nerdy, but since probability is literally common sense, would you rather play ONE ROUND of russian roulette with a 1/1000 gun chamber that had a 1000 dollar payout EACH ROUND with a 1 buck buy in. Or pay 10 dollars in life insurance premium into perpetuity whilst staring into the abyss.?

Either of the above is acceptable. But from one kind person to hopefully another, don't scam your money away on a "prop" firm that teaches you how to play russian roulette { i'm not saying thats you, but the way you talk about prop firms made me think it }
 
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isn't that what a prop firm is for? Only 2 things/two types of people:

1. New/0 confidence, strategy insolvent/seeking.

2. A strategy that cant be automated in a profitable, timely fashion.

3. Leverage

and then there is this other thing
 
Also I'm not trying to be a bad, just horrible fuck with no humility. Its just you were the only person to answer my rhetorical post. { you are literally the only person }

Shout out to "spreadprofessor", { my humility knows no bounds lol}

A couple years ago I paid for his services. I didn't watch/try and learn even 1 thing

So understand I'm not here to bring you down, { if i wont even use the advice/entertain the conversation I've literally paid for, I wouldn't expect you to automatically go full dogma/let alone understand what I'm saying)

But as I said, you can pm me, and I'll explain what I think, you can explain what you think, i'll learn something hopefully, because what we are talking about, prop firms, this industry, its "ungoogable" at this point despite the minority of futures "prop firms" what a joke...worse then equities....and some fuck sitting at home selling puts like some master of the universe.
 
like i want to know what your idea of a prop firm is. { its not related to being profitable/being a good trader xyz bullshit ) I'm just genuinely curious what your perspective is. { and you can just pm, that is preferred, because as I've surmised, this board is completely useless in terms of actually anything to do with a prop firm...I'm talking about an arcade, without the bullshit london accent. And I don't want to hear anymore about some fuck spreading or playing options, utilizing leverage as a replacement for alpha ( that said I can't wait to have the time to learn more about how that all works...{ by all, i mean how to piker a real position via selling prem, creating a new product via spread, or getting even crazier combing all that into something that can't return even 100 percent a year on leverage ) I know that sounds crazy, 100 percent a year on leverage. lol, maybe thats why prop firms don't exist, because outside of regulation, you could give a talented scalper 5k and see that go to 200k in a year on 20x. good luck seeing that on some bullshit priced options play, volatility impotent spread.
 
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elguapo said:
So what? Who cares/why would you, personally, care? What is it about your personal trading I can relate to?

Or what can you relate to in terms of my argument/genuine inquiry/initial post? { i'm trying to understand/find value, so if I sound terrible, its not my intention }. That said, and forgive me if I'm not explaining myself, but what exactly is your concern? Losing a deposit?

The way i described my rationale might of been clouded by too many .001xyzs.

In the most familiar, most relatable terms, would you deposit 1 cent, { an actually penny}, to have 1 million pennies in buying power, with a draw? At a firm you knew would blow up { lose your 1 penny deposit within a year? "
More...

Sorry I don't really understand you .. all I was amazed was at the comment that you don;lt care if the shady firm runs away with your deposit as long as that firm promises ultra low comms! ( that is my interpretation of your post)
 
There are tons of legit prop firms that require a 57. Do you not want to get one? They will sponsor you to get it and give you test materials to help you pass it.
 
tnatrader said:
There are tons of legit prop firms that require a 57. Do you not want to get one? They will sponsor you to get it and give you test materials to help you pass it.
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Yes true .. I cant make out what exactly the OP has in mind
 
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