The failure rate in trading is pretty evenly distributed across the board.
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why prop and not futures?
- Thread starter llRoninll
- Start date
The failure rate in trading is pretty evenly distributed across the board.
Mav,
I must be missing them. I see lots of firms for retail accounts, like Advantage, Advanced, Velocity, TS, IB, etc. The only one I know of that does (did) prop is GHCO.
I guess with the leverage available in futures, they are considered "prop" because they offer low intraday margins?
Come on man. Help me out here.
I must be missing them. I see lots of firms for retail accounts, like Advantage, Advanced, Velocity, TS, IB, etc. The only one I know of that does (did) prop is GHCO.
I guess with the leverage available in futures, they are considered "prop" because they offer low intraday margins?
Come on man. Help me out here.
I was offered a job in CT in 96 trading the spooz for a "prop" firm. Back when prop meant you were a good trader and traded their money with your strategy and they paid you well if you could make them lots of money. You made money with position. They are now one of the largest hedge funds around.... Should have taken it .... Probally be retired by now...
Quote from whoknows?:
Mav,
I must be missing them. I see lots of firms for retail accounts, like Advantage, Advanced, Velocity, TS, IB, etc. The only one I know of that does (did) prop is GHCO.
I guess with the leverage available in futures, they are considered "prop" because they offer low intraday margins?
Come on man. Help me out here.
Spike, Althea, Rosenthal, Kingstree, Jump, Geneva, VTrader, Breakwater, Fusion, Gelber, etc.
http://www.cme.com/trading/mem/res/clringfirm3391.html
Even then it is about who you know... When I initially called my contact at the "prop firm", the first question was "how did you get my number. Five minutes after I dropped the name I had a plane ticket to NY and an interview.... Two days late a job offer...
Quote from bsparkyman:
Even then it is about who you know... When I initially called my contact at the "prop firm", the first question was "how did you get my number. Five minutes after I dropped the name I had a plane ticket to NY and an interview.... Two days late a job offer...
I had a very similar experience, but the prop firm that hired me was actually a real prop shop. I've been churning out fake snow and miniature houses for movies ever since.
Quote from Maverick74:
Spike, Althea, Rosenthal, Kingstree, Jump, Geneva, VTrader, Breakwater, Fusion, Gelber, etc.
http://www.cme.com/trading/mem/res/clringfirm3391.html
I just called Vtrader on the phone. They do not offer prop trading.
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.
Because they are inexperienced and don't know any better.
Quote from Maverick74:
Spike, Althea, Rosenthal, Kingstree, Jump, Geneva, VTrader, Breakwater, Fusion, Gelber, etc.
http://www.cme.com/trading/mem/res/clringfirm3391.html
Hey BiologyMajor, did you skip over this list?