why prop and not futures?

That is a pretty ignorant statement. Your assumption is that all prop firms act one way. There are many prop firms which offer no training to you and let you trade remote and offer low commissions. The reason you get 100% of your profits is because it is your money you are trading.

Not all props are for newbies, many just service experienced traders who want to trade remote with high leverage and low fees. It is a bigger world out there than you think :D

Quote from artis74:

Any prop where you get 100% of profits is saddling you with some high commisions, desk fees and tech charges.

It is my experience that the vast majority of prop training is the equivalent of throwing a child in a pool and seeing if they sink or swim, if the sink just toss in another kid.
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"Not all props are for newbies, many just service experienced traders who want to trade remote with high leverage and low fees. It is a bigger world out there than you think "

Id love for you to point me in the direction of any prop that will let me trade with their capital from a remote location where I get 100% of the profits with out egregious office/desk fees. This is the most outstanding deal I have ever heard, so outstanding that you will be bombarded by 100''s of traders in the greater chicago area who want this if it actualy exists.

As for newbs the trend has shifted away from the old training model and more toward using experienced guys who failed some where else or want a better deal, at best you are getting 80/20 with no money down and that is a stretch. Clearly you are far wiser than I in the ways of the magical big world you speak of.:D
 
Quote from llRoninll:

Wondering why one would trade prop, give away some of their profits (up to 65%+ in some cases), rather than trading futures at home which give you great leverage with low costs. It seems that energy futures, gold futures, nq, etc have great intraday moves, there is no uptick rule, get out of your position with ease compared to a stock that is moving against you. With as little as $2000-5000 dollars in your account you can be trading hundreds of thousands in capital.

What are the advantages of stock and the disadvantages of futures because it seems that futures are a good option over prop trading.
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Ever thought about futures prop ???
Best of both worlds

:D :D :D
 
Again I implore you to open your mind a little. You write very well but do not read. If you trade your own money you should always get 100%. In your mind props are only places where you trade the firm's capital with none of your own money put up. This is not true at all and shows you need to read up more on prop firms. You are focusing on one type of prop and assuming that is how all work.

I will repeat... there are many prop firms out there that you can trade your own capital, have access to big leverage and keep 100% without desk fees if you trade remote.

got it :D?

I am wiser in the sense that I read the context of the sentences ;).


Quote from artis74:

"Not all props are for newbies, many just service experienced traders who want to trade remote with high leverage and low fees. It is a bigger world out there than you think "

Id love for you to point me in the direction of any prop that will let me trade with their capital from a remote location where I get 100% of the profits with out egregious office/desk fees. This is the most outstanding deal I have ever heard, so outstanding that you will be bombarded by 100''s of traders in the greater chicago area who want this if it actualy exists.

As for newbs the trend has shifted away from the old training model and more toward using experienced guys who failed some where else or want a better deal, at best you are getting 80/20 with no money down and that is a stretch. Clearly you are far wiser than I in the ways of the magical big world you speak of.:D
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I believe you are combining the definiton of prop shop and service provider/fcm into one when they are totaly seperate entities. I can give any fcm with remote capabilities my cash and trade it while paying standard fees and no split. This is reffered to as a customer service provider not a prop. See the recent Penson Worldwide purchase of a large prop's customer service branch. The said companies prop arm still exists unto itself.

A "prop shop" combines their capital with yours or just theirs for a split of profits at best 80/20. This provides more leverage and less risk to the trader. Hence a prop can exist along side a customer service arm under the umbrela of a parent company. The issue here is mere definition of actual buisiness functions with in a large organization.
 
Quote from H2O:

Ever thought about futures prop ???
Best of both worlds

:D :D :D
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Thought about that but would still be giving a fairly high percentage to the prop firms that I have checked out. The bonus would be increases in capital, while still taking home a paycheck - at home I would have to reinvest most/all of my profits.

Why don't more people at prop firms trade futures - nearly all that I have talked to do not trade futures - is there a reason for this? Are futures actually harder to trade, ie trading against professionals in a zero sum scenario?

Regards
 
Quote from llRoninll:

Are futures actually harder to trade, ie trading against professionals in a zero sum scenario?
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I know plenty of futures traders that are FAR from professionals...the only thing saving them from financial disaster is the risk monitor set up by their brokers (automatically closing out their positions if their position risk becomes too high).
 
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