Work. Save. Trade your own money. Fuck'em props.
It's been a good deal for me so far. I trade with Trade Day. They are set up similar to Futex, which was Navinder Sarao's prop firm.
I'd not mess with the ones like Apex or any of the others. But I'm quite pleased with Trade Day.
My plan, should it work out, is to use Trade Day to grow an account that I can then take out and fund my own. I don't want to risk my own savings for this. Trade Day will let me grow my trading size up to 25 contracts. I'd like to trade like
@Laissez Faire and
@theapprentice and hold for the larger swings and even hold overnight. I can't do those things with Trade Day and that is fine with me. That is why I changed my current plan to take 5 points per day and run.
5 points per day * 1 contract = $245/day, but 5 points per day * 25 contracts = $6125/day (net of commissions and fees).
If I can build up to that 25 contract level over the next twelve to eighteen months, it won't take long before I'll be able to take my money and fund a proper trading account of my own. If I can, I can. If I can't, at least my own investment in the enterprise was very small. I don't need the money to live on and I don't plan on taking any payouts until I hit $100K in accumulated profits.