Prop Traders - Swifttrade

Thanks :)

Now I really understand the idea of swifttrade !

But I have one more question : Before I start there will I have to make some contract with swifttrade? or after I become a profitable trader?
 
Quote from ivan_will:

Thanks :)

Now I really understand the idea of swifttrade !

But I have one more question : Before I start there will I have to make some contract with swifttrade? or after I become a profitable trader?
More...
You need to sign a contract in order for swift to open your live trading acct.
 
Hi! I wonder that if I am a good trader and assume that I have $300,000 buying power at Swifttrade. If I lost 30,000 for a month, am I responsible for the $30,000 loss?
 
Quote from Dream:

Hi! I wonder that if I am a good trader and assume that I have $300,000 buying power at Swifttrade. If I lost 30,000 for a month, am I responsible for the $30,000 loss?
More...


The short answer is YES. The long answer depends on a lot of factors, including your countrys legal system, your ability to pay that money back, branch owners hate towards you, the contract you signed etc.
SwiftTrade has sued loosing traders in the past.
 
I seen from a SEC stats that over 25% of trader makes over 200,000 and over 25% of trader makes over 100,000. I wonder does that include proprietary day trader.
What are the chances of a day trader making over $100,000 or 200,000? Is it a impossible dream?
 
Guys here do it all the time. Just dont expect it to happen in the first 6 months. You have to survive long enough till you figure out something that works, and works for you. But yes making over a 100k in a month is quite possible.

Good luck
 
Hi guys,

A friend of minre works for swifttrade for a 2 weeks and he told me that the amount of money they throw at him is onlu 5000 USD
! And he has a lot of permitions.
The trade strategy they used is 1 tick up - sell and 3 ticks down- sell! So guys please tell me if you are the same "swifttraders" or not!
I'm going to begin soonly so please tell :confused:
More of the traders says that they can't earn 2000 usd to become real traders. I don't know what to do ?????
 
Quote from ivan_will:

Hi guys,

A friend of minre works for swifttrade for a 2 weeks and he told me that the amount of money they throw at him is onlu 5000 USD
! And he has a lot of permitions.
The trade strategy they used is 1 tick up - sell and 3 ticks down- sell! So guys please tell me if you are the same "swifttraders" or not!
I'm going to begin soonly so please tell :confused:
More of the traders says that they can't earn 2000 usd to become real traders. I don't know what to do ?????
More...

That depends very much on the office location [is up to the office manager]

where is your friend trading from?
 
Quote from ivan_will:

Hi guys,

The trade strategy they used is 1 tick up - sell and 3 ticks down- sell!
More...

No, I told you to sell at 1 tick down and 3 ticks up. Reverse the order.
You are destroying my firm's reputation! :D
Actually, I did exactly what you said half an hour ago, managed to average out with a profit. Damn, I am stupid and decide to come up here to quiet down. :)
 
Does anyone know what this means at Swiftrade? "Grand Master Trader" Is it a level that traders reach? What level? What dollar amount?
 
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