good deal ?

onava · Jul 15, 2011

I mate of mine was offered a prop deal.. they give him a 5m stoploos for the year and he gets 10% of what he makes + a lowish salary ..

is that a good one ?

onava · Jul 16, 2011

is it that bad ?

ProTrader432 · Jul 17, 2011

....Terrible.

Standard is 40% to 60% of the profits.

JamesL · Jul 17, 2011

Quote from ProTrader432:

....Terrible.

Standard is 40% to 60% of the profits.

I believe he is talking about a different type of prop deal that most here never will see.

onava · Jul 18, 2011

anyone else. i was hoping there would be more advice..

ksmetana · Jul 18, 2011

Uhhhh

With a 5 million dollar stop loss, he is expected to make at minimum 10 million for the year.

If he reaches his goal, he's a millionaire.

10% of 10 million is 1 million

Plus, he gets a salary.

In the end, it comes down to how good this guy is....

Don Bright · Jul 18, 2011

Quote from onava:

I mate of mine was offered a prop deal.. they give him a 5m stoploos for the year and he gets 10% of what he makes + a lowish salary ..

is that a good one ?

I'll take it, sign me up. Send me a PM....

I'll do them a favor, and just keep the first $million, save them $4million.

(seriously, do you think this is legit? Come on).... where is the contract?

Don

emg · Jul 18, 2011

Quote from onava:

I mate of mine was offered a prop deal.. they give him a 5m stoploos for the year and he gets 10% of what he makes + a lowish salary ..

is that a good one ?

u didnt have a good deal. The reason is, u are posting it on ET.