Prop trading while keeping full time job

J

jimclark

I've been trading for 3 years now (retail) with Ameritrade now with IB. My performance is mediocre but has improved overtime and continue improving.

I am thinking opening an account with Prop firm here in San Francisco Bay Area and trade 6:30-10:30 AM PACIFIC time the n head to work around 11 AM.

I will follow the plan above for about 2 months then I would like to trade remotely from home and there will be no time limitations after that.

Question:
-What do you of my plan joining a prop for the purpose of LEARNING, margin.
-Will prop require me number of trades each day?
-Can I hold positions overnight?
-Any props in the EAST Bay?
 
Quote from jimclark:

that's what I am planning to do, trade GAPs but my steup needs tuning.
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You really need automation, either partial or full, in my opinion, to make the opening play work real well. And, it generally takes a few $million of orders each morning (not a problem for this strategy).

My current bootcamp has a 83.33% Win/Loss record for the opening only play, FWIW. Making from a nickel, to a dollar on individual trades.

Don
 
Quote from Don Bright:

You really need automation, either partial or full, in my opinion, to make the opening play work real well. And, it generally takes a few $million of orders each morning (not a problem for this strategy).

My current bootcamp has a 83.33% Win/Loss record for the opening only play, FWIW. Making from a nickel, to a dollar on individual trades.

Don
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Don - what are your fees?
 
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