Quote from zenith:
How much overnight leverage Prop Firms provide usually? What kind of leverage Bright has?
Thanks
Quote from Don Bright:
Many of our traders "use" (not "abuse") a $million or more with $25K in their accounts. We monitor risk, not capital usage (we're in the fortunate position of not having to use our traders money for capital requirements).
Our pairs traders couldn't survive, much less thrive with only 10:1 or something.
We also have a "beta test" for non-licensed traders with $10K minimum who can get 10 or 15:1 capital usage. We're testing with 25 traders (40 on applicant list so far, but I'm trying to give some preference to ET'ers). Same safety and security of Bright Trading, of course.
If interested, PM me or email to: don@stocktrading.com, and I'll put you on the list. I really don't want to get into a big thread discussion at this point in time. Thanks...
Don