Wisdom on a prop trading career

nooby_mcnoob said:
You don't need a lot of capital. If you're right more than you're wrong anyway.

Look at trading high delta, near dated options to emulate trading the underlying.
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When someone is first starting, I'm guessing it's normal to be wrong more often than being right :).

With that said, it seems like my options are go on my own or try working with a JBO prop firm. Before going on my own, I would like to explore firms that want to see their traders succeed. If anyone has any suggestions, that would be great!
 
Try swing trading the NQ daily chart, should have around $20,000 to hold one contract.
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There is the futures prop trading firm business model, but you are going to have to live in the Chicago or NYC area for that.

Futures prop firms that are registered with the CME and ICE are not allowed to risk employee funds - only the firm's capital.

Point being, there are distinct differences between equity and futures/derivatives prop firms.
 
bone said:
There is the futures prop trading firm business model, but you are going to have to live in the Chicago or NYC area for that.

Futures prop firms that are registered with the CME and ICE are not allowed to risk employee funds - only the firm's capital.

Point being, there are distinct differences between equity and futures/derivatives prop firms.
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That's really good to know. Are derivatives firms the same too where they require the firm's capital to be traded?
 
You don’t want to show up at DRW or TransMarket asking that question :banghead: Futures and Swaps are derivatives

ronnym789 said:
That's really good to know. Are derivatives firms the same too where they require the firm's capital to be traded?
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