WTS, EchoTrade, T3 - Leave a Review

[JMorphew]

There are many choices in this business. I'll mention one or two, and there are many many more.

If you aren't willing to trade 1:1 and show you limit risk and make money, what is 10:1 going to do for you, or 25:1?


I made tremendous amounts of money with 150K to 500K in buying power

Its going to give you 150k-500k bp obviously. I can make money consistently with 100k BP, thats much harder to do with 5k. Thus why prop firms are necessary for some people.

 

[syswizard]

There are a few cases where traders' capital has outright stolen. The firms closed and never returned capital. There are a few cases like this but the majority of the time that's not the case.

Barkley Trading (2006 time-frame) with Brendan Burns was one of them. I got my money back, but many did not.

 

[jb3398]

60:1 is a bit ridiculous. You lose 50% of your capital on a 1.6%% move. Nobody trading with that much leverage stands a chance. Whomever gave you that much is just as guilty as you are for blowing out the account.

60:1 looking at the flip side of that coin had the trader been profitable it would have been advantageous. I will prefer 60 or even 100:1 on MSFT, with 7-10K shares moving just .05-.1 in one execution in under 5 min.