This question is for all the prop traders on the board.
How much do you risk per trade on a % basis of equity?
Whats your daily cutoff point based on account %?
The reason i`m asking is because I often think about opening a prop account. But the leverage kind of intimidates me. I think I would have an ulcer if I lost 1% in a day...and with a 25mcap base @ 10-1 thats pretty easy to do. Hell..a few down days and your in the hole but good. I have been watching the PnL thread for awhile and some of the big swingers must have a few 100 in cap base to comfortably swing that stick.
Mods = sorry for multiple threads..was trying to make a poll and screwed up.
How much do you risk per trade on a % basis of equity?
Whats your daily cutoff point based on account %?
The reason i`m asking is because I often think about opening a prop account. But the leverage kind of intimidates me. I think I would have an ulcer if I lost 1% in a day...and with a 25mcap base @ 10-1 thats pretty easy to do. Hell..a few down days and your in the hole but good. I have been watching the PnL thread for awhile and some of the big swingers must have a few 100 in cap base to comfortably swing that stick.
Mods = sorry for multiple threads..was trying to make a poll and screwed up.
