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Definition of a prop firm

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blb014 View Post
You mean like all these combines that people spend money on? Definitely pipe dream “training” firms

shodson View Post
Yeah, those are examples.

Since you mentionied "combines" I figure you are referring to Topstep Trader? I don't think I could ever pass a combine unless I was trading micro futures contracts and had a few months to slowly grind my way to the profit targets. Meanwhile, I'd cough up hundreds of $$$ to them to be in the combine. Nice job if you can do it...

I actually did not have those firms in mind, for two reasons:

1) if they do, in fact, have long-term traders that have passed their criteria and are being funded with a profit split, in my mind they would fall into the "prop firm" definition I talked about

2) there is no "paid training before being funded". Having said that, there is still a fee to be paid until one is consistent

You hear many stories about these firms but, as someone pointed out, you never get talk to people who have been long-term partners, so there is little frame of reference.

I would have tried one of these to see for myself but they do not support the trading platform I use.

Last edited by xplorer; June 9th, 2018 at 04:12 AM. Reason: Clarification
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