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There are plenty of prop shops that would let you trade with a very modest (low 5-figure or even 4-figure) dollar amount. Some will leverage your money, some wi
by bwhite 16y ago
There are plenty of prop shops that would let you trade with a very modest (low 5-figure or even 4-figure) dollar amount. Some will leverage your money, some will flat-out stake you in addition to your input. These places have the benefit of offering you relatively low costs -- minuscule compared to the cost of a retail trade at your average discount broker -- but they do not necessarily have the sort of investment in supercharged hardware.
It is a good thing that your actual trading costs are not anywhere near those at the retail brokers you have in mind. 2%/day is an outrageously huge return. $1,000 at 2% compounded 250 times (approximate number of trading days in a earth year) is over $140k; you would return 14,000% annually.
The bottom line is that it is harder than it looks.
- keithwarren 16y agoIf there are plenty, could you please point one out?
- bwhite 16y agoStart at: http://www.traderslog.com/proprietarytradingfirms/ http://www.traderslog.com/proprietarytradingfirms/ Some of these are purely manual trading but many have software APIs.