Hi all,
I have about $15k in capital I wouldn't mind committing to a prop firm or LLC.
I trade stocks only. Sometimes I day trade on news several times a day, and other times I'm swing trading over the course of a day or days and other times I position trade for days to a couple of weeks. Because of that my trading style is all over the map. It might be active trading (though no scalping), or dead on my part for a day.
So I guess my question is, I like the idea of more leverage(10x-20x) during the day, but I'd also like the option of keeping that 10x-20x leverage over several days. Do prop firms/llc's allow one to keep this buying power overnight to several days or even weeks?
Also, I read about deposits in order to trade with some prop firms of $0k-$5k usually. Should I assume that I am not allowed to trade with that deposit? In other words, if I have $15k laying around am I giving them a $5k deposit and then I trade based on a 10x-20x multiple leverage on the $10k?
And finally, do I pay interest on the 10x-20x leverage? Or am I instead paying them a percentage of my capital gain? (assuming a gain) for the higher leverage? Or both?
I've been trading at home for 10 years now so I don't want/need courses on how to trade. I want to trade remotely (at home). I also don't want to be told what to trade or how frequent to trade. I simply want the higher leverage power for not only a day but several days or weeks.
So are there prop/llc firms which would meet these needs? I'd even be interested in retail firms that allow an overnight position of over 2x margin if any exist.
I have about $15k in capital I wouldn't mind committing to a prop firm or LLC.
I trade stocks only. Sometimes I day trade on news several times a day, and other times I'm swing trading over the course of a day or days and other times I position trade for days to a couple of weeks. Because of that my trading style is all over the map. It might be active trading (though no scalping), or dead on my part for a day.
So I guess my question is, I like the idea of more leverage(10x-20x) during the day, but I'd also like the option of keeping that 10x-20x leverage over several days. Do prop firms/llc's allow one to keep this buying power overnight to several days or even weeks?
Also, I read about deposits in order to trade with some prop firms of $0k-$5k usually. Should I assume that I am not allowed to trade with that deposit? In other words, if I have $15k laying around am I giving them a $5k deposit and then I trade based on a 10x-20x multiple leverage on the $10k?
And finally, do I pay interest on the 10x-20x leverage? Or am I instead paying them a percentage of my capital gain? (assuming a gain) for the higher leverage? Or both?
I've been trading at home for 10 years now so I don't want/need courses on how to trade. I want to trade remotely (at home). I also don't want to be told what to trade or how frequent to trade. I simply want the higher leverage power for not only a day but several days or weeks.
So are there prop/llc firms which would meet these needs? I'd even be interested in retail firms that allow an overnight position of over 2x margin if any exist.