My search for the perfect prop firm

1

1_________1

Basically I'm looking for a prop firm who'll give me at least 50:1, looking to deposit $50,000 and looking for 2.5 to 4 million. When I'm 2.5 to 4 million deep in the market, I am ALWAYS market neutral. I generally hold positions for the entire day 4 / 5 hours. I carry no positions overnight.

I have other algos that are sometimes naked long / short, but never near 2.5 to 4 million.

The (2) brokerages that I want to go with are Echo or the Genesis Trading groups.

Offers:
- This one Genesis trading group offered me 50:1 if I deposit $50,000 @ .0045 < 1.5 m/m .004 > 1.5 m/m and I receive NO interest on my $50,000. That is WAY too expensive!!!

- Echo trade offered me a great deal .002 < 2 m/m .003 > 2 m/m @ 40:1 going up to 100:1, if I deposit $50,000 receiving 4.8% on my money.
Only drawback are I have to get my series 7 (which I don't want to do) & I it'll be A LOT easier move to genesis (programming reasons)

if anyone reading this is from a geneis trading group and might be interested PM ME
 
50:1 are they out of their mind especially when u dont have a series 7
with $50000 - ???????
Never heard anything like that before
 
I would love to tell you the Firm i trade with but I cant cause Magna will shut me down and I really enjoy connecting with other Traders. Depending on the Buying Power you need Im sure they could help you out, if i could figure out how to PM you I will.
 
he said 50k not 5k....but , it makes no difference...50:1 leverage is a recipe for disaster and I would be afraid of ANY organization that has so little risk control then to offer 50:1 leverage....your going to put up 50k....and say you buy the full 50 leverage....that means you could buy 2.5million in a stock...and then the stock swings down 2-4 points and the firm is unsecured???? dosn;t seem prudent or safe...Buyer beware!!!
 
Quote from TM_Direct:

he said 50k not 5k....but , it makes no difference...50:1 leverage is a recipe for disaster and I would be afraid of ANY organization that has so little risk control then to offer 50:1 leverage....your going to put up 50k....and say you buy the full 50 leverage....that means you could buy 2.5million in a stock...and then the stock swings down 2-4 points and the firm is unsecured???? dosn;t seem prudent or safe...Buyer beware!!!
More...

perhaps you missed this...

When I'm 2.5 to 4 million deep in the market, I am ALWAYS market neutral.
 
Quote from 1_________1:

perhaps you missed this...

When I'm 2.5 to 4 million deep in the market, I am ALWAYS market neutral.
More...

Sometimes securities that are historically negatively correlated suddenly move together - I think that's what caused a bunch of blowups over the summer. What kind of stuff do you do to measure your risk?
 
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