Funded traders

[traderjo]

Thank for the reply!
I’ve been paper trading now for 3 months and grew my 25K account of 47%. I just feel that i can really be consistently green and unfortunately I don’t have enough fund for day trading so i’m limited by the pdt rule would you pay for a test with a chance to get funded? I mean, how reliable are these tests?

Ps. I grew my small account (real money) 35% in 2 weeks.

In trading what? what leverage? what size? style? ( Day swing?)
if you are more specific, people then can help you accordingly!

You mentioned PDT rules, they apply to equity not Futures , so first of all what exactly you want to trade? It seems you want to trade shares ,since you mentioned pdt , so none of the 3 mentioned here seems to provide that (IMO) , after that the next question is in which country jurisdiction you want , USA? or some other countries where there is less scrutiny of such "firms"

 

[GotherL]

Thank for the reply!
I’ve been paper trading now for 3 months and grew my 25K account of 47%. I just feel that i can really be consistently green and unfortunately I don’t have enough fund for day trading so i’m limited by the pdt rule would you pay for a test with a chance to get funded? I mean, how reliable are these tests?

Ps. I grew my small account (real money) 35% in 2 weeks.

$500 to over half a million in 800 trades on simulator. Wish there was a legit prop company out there that backs equity daytraders.

https://i.imgur.com/FK8gmgN.jpg

 

[Pekelo]

Thank for the reply!
I’ve been paper trading

You didn't say what you trade. The firms mentioned in post #2 only let you trade futures, so if you used options or stocks somehow, you are out of luck...

 

[traderjo]

$500 to over half a million in 800 trades on simulator. Wish there was a legit prop company out there that backs equity daytraders.

https://i.imgur.com/FK8gmgN.jpg

Yes there are legit equity props
but to get in you need either top education, real time track record on real money risked and / or some capital!
What exactly you are expecting?

1) Top tier prope firms , those who recruit via campus interviews etc If you have the background in engg/ maths computing, finance etc the job could be as a trader or in the Quant area
2) Self funded like Equity props , (Bright trading for example)
by the way "$500 to over half a million in 800 trades "
do you mean to say you took a $500 paper trading a/c to half a million!
which sim?
what leverage?

Any way it is bit unclear about what exactly you are expecting!

 

[GotherL]

Yes there are legit equity props
but to get in you need either top education, real time track record on real money risked and / or some capital!
What exactly you are expecting?
!

Sounds too much of a hassle when I just need around $500-$2000 to kickstart my trading career. I think I will just start saving from my monthly govt cheque.

by the way "$500 to over half a million in 800 trades "
do you mean to say you took a $500 paper trading a/c to half a million!
which sim?
what leverage?

Yes I did... what does that mean to you? I know a lot of people aren't really impressed by paper trading results since real trading is much harder (Which I am well aware of...)

Tradingsim/2x leverage. I rarely use max leverage but I do use 1x-1.5x leverage a lot since there is never that fear of losing real money.

 

[p0box4]

Another one worth checking out is TraderDock in Dublin. They're associated with Positive Equity (PE) and PE is an exceptional prop shop. https://www.traderdock.com/

Is this a new funding company? Never heard of them.

Looks very nice!

 

[patrickrooney]

Yes, I believe it's a new venture. Their association with Positive Equity is worth noting. PE is first-rate all the way.

 

[Pkay]

Thank for the reply!
I’ve been paper trading now for 3 months and grew my 25K account of 47%. I just feel that i can really be consistently green and unfortunately I don’t have enough fund for day trading so i’m limited by the pdt rule would you pay for a test with a chance to get funded? I mean, how reliable are these tests?

Ps. I grew my small account (real money) 35% in 2 weeks.

That's a pretty phenomenal rate of growth. I don't think you'd have many problems getting a funded trading account. Do you trade futures or forex?

 

[Pkay]

The ones that advertise seem to be real TST for sure is giving you a live account when completed. Don’t get to depended on past performance trading is very difficult. I did a post on all of the pay for funding companies 2 of the 3 I have gotten “funded”. But in short I would recommend every trader try either TST or Oneup(rules more realistic much better in my opinion FYI I wasn’t able to get funding) as long as you don’t exceed the fees amount example the 50k gives you $1500 don’t pay tst more than 1500. The cons in short you needed to make so much money compared to what you can loss your not likely to pass.

Thanks very useful information here. I suppose you need to practice on a few demo first using the account size and rules that you will select with the funding partner? That way you could see if you are able to meet their criteria first without spending money with them? The only advantage I can see in paying straight away to take a challenge is if you get additional mentoring and support - is this the case?

 

[caacapital]

Thanks very useful information here. I suppose you need to practice on a few demo first using the account size and rules that you will select with the funding partner? That way you could see if you are able to meet their criteria first without spending money with them? The only advantage I can see in paying straight away to take a challenge is if you get additional mentoring and support - is this the case?

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