Prop trading Comparison

[zdreg]

Quote from mcelitetrader:

zdreg,

I hate directing letters in this manner but you need to stop hanging out and firing off useless information about things you dont understand.

Prop firms hire individual and they take only allow losses up the amount of money down. When that money is gone you have no buying power. I am an independent contractor with all of the inherent benefits/risks of the arrangement. Limited liability is what makes this industry run. (laughs)

1. risk management is not perfect especially in a fast markets..

2.being an independent contractor does not mean that you would not share in the losses of the group especially if you have not receive your payout.

prop traders deposits are part of firm capital. if the co. goes bankrupt you can lose your capital. or part of your capital..
being an independent contractor does not help.

bone up on your knowledge . it will serve you well in life.