What do you think about: "going pro" account size?

Handle123 said:
But think of the "whys" as fees change. You have to be good chatting to clients if CTA, you have to keep selling yourself besides trade. I don't know if it is the same if you start a Hedge fund, am figuring you chat less or none with clients, but you still have to attract funds. If you can keep drawdowns way down and still hit the numbers of Indexes, they will come to you in few years as I am told.
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Vicious, vicious rumor....... :cool:
 
As a prop trader I never kept more than about £30,000 in my account. That was plenty, the prop firm gave me additional leverage. But that's all the risk I put on the line. But I was day trading I could look to make or lose £300 a trade multiple times a day and an average good day was 1-2k and average bad day about 1k.. but fortunately had a high percentage of good days.

If your overheads are lower and can cover costs making 500 or so a day then account can be smaller.

Your account size doesn't dictate how good you are as a trader. If you can't make at least 500 a day I wouldn't bother going "pro" anyway.
 
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