why would they care, if they pay a percentage of the profit made, why would they care if I trade everyday or not, so long as I make a reasonable amount each month and don't get paid a fixed income it shouldn't really make a difference
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Prop Firms that require zero or max $2K down?
- Thread starter allaboutmoney
- Start date
why would they care, if they pay a percentage of the profit made, why would they care if I trade everyday or not, so long as I make a reasonable amount each month and don't get paid a fixed income it shouldn't really make a difference
For the sake of this argument, let's assume the payout to you is 80%.
Trader X is a part-time trader. Generates $100,000 in profits. The payout to Trader X is $80,000.
Trader Z is a full-time trader. Generates $300,000 in profits. The payout to Trader Z is $240,000.
Which trader is a prop firm going to accept?
Trader X is a part-time trader. Generates $100,000 in profits. The payout to Trader X is $80,000.
Trader Z is a full-time trader. Generates $300,000 in profits. The payout to Trader Z is $240,000.
Which trader is a prop firm going to accept?
Quote from MGB:
For the sake of this argument, let's assume the payout to you is 80%.
Trader X is a part-time trader. Generates $100,000 in profits. The payout to Trader X is $80,000.
Trader Z is a full-time trader. Generates $300,000 in profits. The payout to Trader Z is $240,000.
Which trader is a prop firm going to accept?
The prop firm will take both traders because profit is profit and beggars can't be choosers.
Beggars can't be choosers?
Prop capital for leveraged trading is allocated to each prop trader for the purpose of creating profits.
The part-time Trader, when he's flying on a plane, is not leveraging prop capital, thus not creating profits, and thus wasting the allocation of prop capital.
Prop companies want to allocated their capital effeciently and effectively.
Prop capital for leveraged trading is allocated to each prop trader for the purpose of creating profits.
The part-time Trader, when he's flying on a plane, is not leveraging prop capital, thus not creating profits, and thus wasting the allocation of prop capital.
Prop companies want to allocated their capital effeciently and effectively.
Quote from allaboutmoney:
Do you know of any Prop Firms that require little or no down.
If I was a prop group manager, my first impression, after reading this, is that your trading is not profitable.
As a prop group manager, I would think that 10k deposit would be the least of your concerns if you're a profitable trader.
You may be a profitable trader but the "first impression" I would get from this expectation is much different.
I would think that a 10k deposit requirement increases the quality of the applicates.
Quote from MGB:
Beggars can't be choosers?
Prop capital for leveraged trading is allocated to each prop trader for the purpose of creating profits.
The part-time Trader, when he's flying on a plane, is not leveraging prop capital, thus not creating profits, and thus wasting the allocation of prop capital.
Prop companies want to allocated their capital effeciently and effectively.
BP isn't distributed in the way you think it is. They can take a risk that not more than X will be used at once, even if they give out 2 or 3x to all the traders, and if more than X is used, they pay some interest on a temporary margin call.
Quote from MGB:
If I was a prop group manager, my first impression, after reading this, is that your trading is not profitable.
As a prop group manager, I would think that 10k deposit would be the least of your concerns if you're a profitable trader.
You may be a profitable trader but the "first impression" I would get from this expectation is much different.
I would think that a 10k deposit requirement increases the quality of the applicates.
I can't disagree with you, but there can be other reasons