Prop Trading Business Model

traderjo said:
I guess so but some of the Canada based firms have things like " Ontario based or certain province based residents can't trade" that raises red flag + the entire swift saga + the so called world wide DTTW office!
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Hi, I would like to ask you more details about "Ontario based" prop firm. Did you have any issue with some of them? Is it a red flag only if they keep out Ontario residents from trading? Or also if they are based in Ontario? I would like to join one of them (based in Toronto), but I'm afraid to loose my risk deposit. Thanks
 
traderjo said:
I guess so but some of the Canada based firms have things like " Ontario based or certain province based residents can't trade" that raises red flag + the entire swift saga + the so called world wide DTTW office!
More...

That ontario based thing is specific to DTTW only because of their history as Swift (they just rebranded themselves). I am sure you know that saga
 
DTTW (Day Trade The World) is former Swift Trade. They run a free trading show every day on their Youtube channel called TraderTV Live: https://www.youtube.com/c/TraderTVLive. They also run a Youtube channel called Market Wisdom where they post educational videos: https://www.youtube.com/c/MarketWisdombyTraderTVLive

If you want to read more about the history of Swift Trade google 'Peter Beck swift' or similar. There are multiple articles out there as well as ET threads about this.
 
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daytrader_Canada said:
That ontario based thing is specific to DTTW only because of their history as Swift (they just rebranded themselves). I am sure you know that saga
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and they still are legit ! not allowing your own country client traders to trade sounds fishy!
 
TraderHamlet said:
DTTW (Day Trade The World) is former Swift Trade. They run a free trading show every day on their Youtube channel called TraderTV Live: https://www.youtube.com/c/TraderTVLive. They also run a Youtube channel called Market Wisdom where they post educational videos: https://www.youtube.com/c/MarketWisdombyTraderTVLive

If you want to read more about the history of Swift Trade google 'Peter Beck swift' or similar. There are multiple articles out there as well as ET threads about this.
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DTTW deny that they are re branded swift
 
Fonz said:
or even just one tiny ETF or stock, with her own rules and risk management, and then compound slowly and progressively until the desired trading size.

Good trades!
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Trading only 1 security goes against any kind of risk management. There's no interpretable pattern or rule for that to ever work.
 
Sup3r Hanz said:
Trading only 1 security goes against any kind of risk management. There's no interpretable pattern or rule for that to ever work.
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Better be a pro with one future or stock than continuously trying to diversify IMO.
Best!
 
Sup3r Hanz said:
Trading only 1 security goes against any kind of risk management. There's no interpretable pattern or rule for that to ever work.
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Then why not trade an index? This way you are trading them all at once!

I win! Wheeeee!
 
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