Disliked{quote} Essentially a collaborative team environment, a risk manager, and being in a room/virtual space with really clever peopleIgnored
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} Essentially a collaborative team environment, a risk manager, and being in a room/virtual space with really clever peopleIgnored
Disliked{quote} So you want to be an execution trader.. You won't be getting any 70 80 or 90 % splits for that. But it exists and with very big capital just not in the fx space.Ignored
Disliked{quote} well, maybe it should exist. Where there is a gap, there is an opportunity. Lots of firms have come to mind in the past, Amplify Trading, EDUCATE2TRADE, Samuel & Co., and Blueprint Capital, just to name a few, but nothing seems the correct fit as you generally have to participate in an educational course, or partially fund the account yourself and pay high desk fees. It's my fault for never keeping a track record that was consistent in one space for a prolonged period of time. My use of time with these current prop firms is to build the...Ignored
Disliked{quote} well, maybe it should exist. Where there is a gap, there is an opportunity. Lots of firms have come to mind in the past, Amplify Trading, EDUCATE2TRADE, Samuel & Co., and Blueprint Capital, just to name a few, but nothing seems the correct fit as you generally have to participate in an educational course, or partially fund the account yourself and pay high desk fees. It's my fault for never keeping a track record that was consistent in one space for a prolonged period of time. My use of time with these current prop firms is to build the...Ignored
Disliked{quote} Perhaps, but the infrastructure expense makes it very complicated. As an execution trader on treasuries the good traders got 50/50 the best got 60% and to be the best you had to be making millions for the entity already. The thing about retail FX is random walk theory, all large market players make markets in fx purely because they know at some point in time the trader is going to lose the store, so you won't really find much alpha from retail flow if any at all unless you can play with orders for execution or, the smart way, b book them....Ignored
Disliked{quote} Except for those 0.1% from retailers who can make it consistently or ? Because I do not see much difference to instutional FX traders. All the data and software you get almost for free and the news are not expensive. One can afford a Metastock Xenith FX news terminal from Reuters badged for only $99 monthly. So there should not be any real advantages from institutionals in comparison to retailers. Of course they have more deep pockets, but this is only a question of leverage and risk management.Ignored
Disliked{quote} Except for those 0.1% from retailers who can make it consistently or ? Because I do not see much difference to instutional FX traders. All the data and software you get almost for free and the news are not expensive. One can afford a Metastock Xenith FX news terminal from Reuters badged for only $99 monthly. So there should not be any real advantages from institutionals in comparison to retailers. Of course they have more deep pockets, but this is only a question of leverage and risk management.Ignored
Disliked{quote} Perhaps, but the infrastructure expense makes it very complicated. As an execution trader on treasuries the good traders got 50/50 the best got 60% and to be the best you had to be making millions for the entity already. The thing about retail FX is random walk theory, all large market players make markets in fx purely because they know at some point in time the trader is going to lose the store, so you won't really find much alpha from retail flow if any at all unless you can play with orders for execution or, the smart way, b book them....Ignored
Disliked{quote} I applaud your ambitions. I think you should use a solid broker (IBKR like) for building a track record. So you are planning to attract other peoples' money with potential track record (which does not exist yet), but assuming you will have that, then you are rewarded with around 20% performance fees. Assuming 2 mln AUM x 0.15 (annual return) x 0.2 = 60K. Why not to target 2 mln FUNDED account, which gives at least 70-80% performance fees? Then, 2 mln FUNDED ACCOUNT * 0.15 x 0.7 = 210K.Ignored
Disliked{quote} do those traders also have the luxury of a 6 figure salary and social benefits?Ignored
Disliked{quote} Essentially a collaborative team environment, a risk manager, and being in a room/virtual space with really clever peopleIgnored
Disliked{quote} You said: I'm going to start my own prop shop and offer traders what I would want in a firm. I think starting a prop shop requires way more than what you wrote. I don't think you are serious. You are a dreamer as per your general comments.Ignored
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Dislikeddose anyone know which reliable propfirm takes payment through skrill other than FTMO, I'm from banfladesh cant use my card due to restriction and cant convert my skrills to BTC as wellIgnored
Disliked{quote} Can you have Paypal ? Is so a solution would be to link Paypal to Skrill virtual card. Anytime you pay with Paypal your Skrill balance is charged. The question would be what brokers accept paypal. Of the main ones I think only E8 and The Prop Trading.Ignored
Disliked{quote} thnx for info , unfortunately we don't have this also. bcz of our govt rules skirll also restricted our country to provide regular + virtual card. very tough to trade from hereIgnored