Prop firm deposit 10-30k 100% payout?

Quote from Zr1Trader:

I never understood why people go to a prop. Why not just use forex or futures to get the leverage they seek? What justifies trading stocks intraday and paying a prop shop a % of my gains over trading futures or forex and keeping 100% of what I make? Is it supposedly "easier" to make money in stocks or something I'm not aware of? Honestly curious about it.

Is the main incentive to join a prop supposed to be the training, ongoing support, good execution, platform, data ect?
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A couple of "yes" answers to the above. Yes, if you can make money trading the E's retail, go for it. But if you're making money on stocks, then why not surround yourself (cyber at minimum) with successful traders and enjoy the "support, interaction, and all the rest."

As I have always maintained, this is certainly not for everyone. A great alternative for the retail PDT guy, but not for everyone.

All the best,

Don
 
Quote from Don Bright:

We ask that new people not trade stocks over $100 for a while, as I said, and you know very well, we need to keep risk controls. We rarely have "cowboys" - we are blessed to have a pretty good, serious group. Maybe it's the slightly higher deposit, maybe it's the training and interview process, maybe we're just lucky.

I have $60 bet on the Giants, so I can't wait for tomorrow afternoon, LOL.

What are you doing home on Saturday night, big stud like you Mav? You gotta come to Vegas, I'll ask my nephew to show you around (I'm too old, LOL)..... but I will take you to dinner my friend.

Don :)
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Donny, Donny, Donny. Always trying to pay me off. :)

This might actually be a good strategy. Let's see how high the bids go. :D
 
Most prop firms you usually pay out 95 - 99 % payout of profits

stocks are probably the easiest & most popular intrument to trade. their are about 5500 stocks to choose from . so many opportunites to participate in the financial market

stocks have the majority of interest from the trading public & offer the best opportunites to profit buying stocks is like watching sports just part of our lifestyle
 
Quote from hitnrun:

Don

just a $ 60.00 bet on the superbowl. I think you missed a few zeros

shocking news . I guess your just being modest
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Give Don a break. He had to cut rates last year to compete and he is being squeezed at the margins. It's not easy running a prop firm in today's climate. :)
 
Yea they keep cutting commissions like that they will be out of business soon

he is taking a few days off with his big win on the superbowl
don probably has more money they he knows what to do with lol.
 
Quote from Donbright:

We ask that new people not trade stocks over $100 for a while, as I said, and you know very well, we need to keep risk controls. We rarely have "cowboys" - we are blessed to have a pretty good, serious group.
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Do you know how much money I have made this year on only AAPL and NFLX alone.
It is about 10k after this last 2 day AAPL move.

Dude you are hurting your own people.
 
Quote from timcar:

Do you know how much money I have made this year on only AAPL and NFLX alone.
It is about 10k after this last 2 day AAPL move.

Dude you are hurting your own people.
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he gets paid the same commission on a $5 stock to a $500 stock why would he want to risk his firm capital. also if the trader blows up he loses the commission money. anyway why are you on this site of pikers if your making $5,000 a day trading. that's more than a million a year dude.
 
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