What are your thoughts on proprietary trading firms?

#1

Hey everyone,

Just curious as to Darrell’s and everyone else’s thoughts on prop firms That are online etc.

Happy Trading,

-Travis

#2

They require you to give up a large % of profits. Pay a fee. Or jump through a lot of hoops that often result in fees and a low success rate. Some require licensing. Make sure you read 100% all the fine print before you move forward. And I mean know it backwards and forwards no gaps in understanding on every rule requirement fee involved. Don’t get excited and let it blind you. We are looking into a couple of them now and working on rules and arrangements that we believe will actually give traders not the “firm” an edge so everyone wins. This is a slow process with no ETA.

#3

Yes, from what I’ve noticed it does seem that is the case. Not something I’d really want to deal with. I think I’d rather just trade my own capital as I see fit. Thanks for the reply Darrell.