Futures prop shop ?

Quote from joepepper2001:

I pay 5.00 for round trip but if you want to use the 300.00 margin then you pay 4.98 per side or 9.96 round trip

you pay a premium for that option but for some guys it may be worth it

10.00 for a chance to reap 100- 500 a day if you trade long not great but it gives guys a chance to trade and if you only have 500.00 to start you have a 200.00 draw down before you would be called

the web site has the details, theres some limits there in the fine print
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Wow, I've thought I heard it all. I was wrong. Ten dollars round trip? That is insane. Hell, 5.00 RT is insane. How the hell does one turn a profit with those rates. I know guys on the floor that swear if they pay more then 2.50 RT there is no way to consistently make a living trading futures actively.

If you are a scalper, you can't pay those rates. If you are holding for bigger moves, you can't have margins where a 6 handle move blows out your account. The math here is not debatable.
 
Quote from Maverick74:

Wow, I've thought I heard it all. I was wrong. Ten dollars round trip? That is insane. Hell, 5.00 RT is insane. How the hell does one turn a profit with those rates. I know guys on the floor that swear if they pay more then 2.50 RT there is no way to consistently make a living trading futures actively.

If you are a scalper, you can't pay those rates. If you are holding for bigger moves, you can't have margins where a 6 handle move blows out your account. The math here is not debatable.
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To someone trading longer timeframes in various markets, commissions should not be a worry. There's a small minority of traders looking for a "mere" 30% each year compared to those who are shooting for 30% a week. I'm sure your buddies at Quadriga pay MASSIVE commission rates.

But yes, to short term traders rates are of paramount concern. In fact Mav, you can add rates to your list of edges. Sit two program traders or Treasury arb guys next to each other, one paying member rates the other a discount-retail. The member will beat the $5 guy's performance by hundred's of basis points.

When I was in the Bond pit I reckoned that most locals, even those of Baldwin or CharlieD status were only making about $2 per contract traded. In the Notes perhaps even less.

It's no accident that many in Schwager's Wizard's books were either members (Baldwin, Dennis, Eckhardt :), Bielfeldt) or FX guys who also trade commish free. (you can bet Kovner get's quoted tighter markets than Joe Oanda)

A great speculator can pay $50 and get rich. But for those who're trying to rub to nickels into a million, you better trade cheap.
 
Quote from Pa(b)st Prime:

To someone trading longer timeframes in various markets, commissions should not be a worry. There's a small minority of traders looking for a "mere" 30% each year compared to those who are shooting for 30% a week. I'm sure your buddies at Quadriga pay MASSIVE commission rates.

A great speculator can pay $50 and get rich. But for those who're trying to rub to nickels into a million, you better trade cheap.
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Yes, I understand that. That is why I followed up with trader blowing out if he maxes out his $300 margin. That's 6 handles to a guy that is going to hold out for long term moves. That will never work.

My argument was he is either a scalper in which he will get reamed. Or he is a long term trader who needs to have wide stops. But at $300 margin, he won't last longer then one day.
 
Quote from Raystonn:

Why pay the premium in commissions if you are never going to trade at $300 margins? That's just a waste of money. If you do plan on trading $300 margins, then I'd love to see your risk and money management.

-Raystonn
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I don't use the 300.00 margin

the guy asked about prop futures places so I put it up
 
Quote from Maverick74:

Wow, I've thought I heard it all. I was wrong. Ten dollars round trip? That is insane. Hell, 5.00 RT is insane. How the hell does one turn a profit with those rates. I know guys on the floor that swear if they pay more then 2.50 RT there is no way to consistently make a living trading futures actively.

If you are a scalper, you can't pay those rates. If you are holding for bigger moves, you can't have margins where a 6 handle move blows out your account. The math here is not debatable.
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not everybody is a scalper, 5.00 round trip all included, tradestation is 2.50 a side plus so it comes out to almost the same and if you trade the ym for 40 or more points a day then whats 10.00 or 20.00 better then trading stocks or almost the same without the short rule

yesterday the ym went from 544 to 689 thats 145 points

725.00 on 1 ym contract and 1450.00 on 2

everybody here is making those kind of profits daily I quess, so someone is going to tell me thats poor mans money or their doing better scalping but everybody is different and trades different and you can not win if you do not play

even if you went long at 580 to 680 it was 500 on 1 and 1000 on 2


I don't know if anybody rode it all day but it was there and it was more then half there after 2:00

if your trading a 300 or 500 dollar account, you can't be looking to make a fortune maybe just get your feet wet

I don't why somebody would want to trade so far under capitalized but he asked for a prop futures and heres one that will let him try



if you trade global like you trade you can get .89 a side but i don't scalp, i trade of longer term charts for longer moves, i think the j trader is alittle slow for scalping
 
Quote from Maverick74:

Yes, I understand that. That is why I followed up with trader blowing out if he maxes out his $300 margin. That's 6 handles to a guy that is going to hold out for long term moves. That will never work.

My argument was he is either a scalper in which he will get reamed. Or he is a long term trader who needs to have wide stops. But at $300 margin, he won't last longer then one day.
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I do agree with on the es

I don't think anybody should trade the es or the nas with that little bit of cash but if somebody wants to try to trade it might beat the forex trying out the ym
 
Quote from Maverick74:

Yes, I understand that. That is why I followed up with trader blowing out if he maxes out his $300 margin. That's 6 handles to a guy that is going to hold out for long term moves. That will never work.

My argument was he is either a scalper in which he will get reamed. Or he is a long term trader who needs to have wide stops. But at $300 margin, he won't last longer then one day.
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What is a "handle"? I read about 30 futures books and not one of them mentioned the word "handle". What does that mean?
 
Quote from Don Bright:

I'm sorry for doing this again, long timer ET'ers.

Before joining any securities business, at any level, check the balance sheets of the firm. Check to be sure that they are not a "sub-llc" - be sure they are either exchange members (which we are), or at minimum a member of the NASD...otherwise you have little, if any, recourse. The stories on ET are horrible.

Due diligence, common sense, and then get involved. If you need a balance sheet analyzed, I would be glad to review it for you (I've looked at dozens for ET'ers).

Don
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You didn't answer the question. You beat around the bush. The question was, "how do we check the company financials?" You just said to check the balance sheets. But you didnt' say how. You just brag about how you are not a sub-lic, but you didn't say how we can check that info. You said due diligence, but you didnt' tell us how. You are bragging but not helping. Where do we get the company balance sheet info?
 
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