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Paying to become a Proprietary Trader


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Paying to become a Proprietary Trader

  #11 (permalink)
 
protjor's Avatar
 protjor 
Bruges
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: CL, 6E, Dax
Posts: 36 since Jan 2010
Thanks Given: 13
Thanks Received: 9

Jones,

Did you already sign up for the trading? Very interesting post, i was in search for several compagnies too.
I'm located near you, in Belgium. I know a firm in Germany where you can go if you have a good and consistent tradereport.

Grtz

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  #12 (permalink)
 
Jones's Avatar
 Jones 
Stuttgart, Germany
 
Experience: Advanced
Platform: Ninja Trader
Broker: IB TWS / Kinetick
Trading: ES
Posts: 32 since May 2011
Thanks Given: 17
Thanks Received: 13


protjor View Post
Jones,

Did you already sign up for the trading? Very interesting post, i was in search for several compagnies too.
I'm located near you, in Belgium. I know a firm in Germany where you can go if you have a good and consistent tradereport.

Grtz

Hi Protjor,

no I didnŽt sign up directly. At the moment I do some ordinary work to get my account filled for trading. I got ill several year back and since then IŽm no longer trading live. ThatŽs also a problem when applying at a prop firm. The last years I studied a lot the different methologies. But I have to admit IŽm getting rid of all my indicators at the moment... (this should fill another thread).
What I will do the next few month is to look for a opportunity where I can trade. My sim trades are working out great at the moment and I think of adding the FESX and 6E to my markets (mainly ES).
I recently signed up with Day Trading, Stock Market Trading, Online Trading, Swing Trading for their intorduction. I want to apply with them. Seems they only trade equities but that does not matters. The only difference will be that I have to do a scan of the market. They are doing a online webinar once a week to get in touch with traders. They cancelled the schedule for this week but I hope I can attend next week.
The other thing I wanted to do is attend the webinar with apiaryfunds but they send me a schedule for the past. Not very well organized... . Perhaps they do have a lot of applications, donŽt know.
YTR I personally do find too expensive. With 20K you can trade on your own without anyone getting involved
Would be interested in the prop firm you do know. You can pm me or mention it here in the thread.

Thanks
Jones

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  #13 (permalink)
 
Jones's Avatar
 Jones 
Stuttgart, Germany
 
Experience: Advanced
Platform: Ninja Trader
Broker: IB TWS / Kinetick
Trading: ES
Posts: 32 since May 2011
Thanks Given: 17
Thanks Received: 13



protjor View Post
...where you can go if you have a good and consistent tradereport.

Prop Firm Directory
itŽs not a complete but a comprehensive listing

cheers
jones

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  #14 (permalink)
 
Jones's Avatar
 Jones 
Stuttgart, Germany
 
Experience: Advanced
Platform: Ninja Trader
Broker: IB TWS / Kinetick
Trading: ES
Posts: 32 since May 2011
Thanks Given: 17
Thanks Received: 13

Hi,

yesterday I attended the StarAllianceCapital Webinar which took about 30 min to set us up. They invited us to come to NYC to trade there. You have to make an initial investment of 5K and your account gets 20 times buying power (dynamic BP). They adviced us to take a test of their platform: Learn Stock Market,Free Demo Day Trading Option Software,Free Charts which is free of charge, even if you trade with them. They do not charge you anything and you get the software, market data, BP and a little education.

Not that bad at all...
Jones

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  #15 (permalink)
 
GridKing's Avatar
 GridKing 
San Diego, CA USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 3,630 since May 2011
Thanks Given: 584
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Jones View Post
Hi,

yesterday I attended the StarAllianceCapital Webinar which took about 30 min to set us up. They invited us to come to NYC to trade there. You have to make an initial investment of 5K and your account gets 20 times buying power (dynamic BP). They adviced us to take a test of their platform: Learn Stock Market,Free Demo Day Trading Option Software,Free Charts which is free of charge, even if you trade with them. They do not charge you anything and you get the software, market data, BP and a little education.

Not that bad at all...
Jones

Don't know anything about it, but just a quick glance , it looks to be about day trading stocks and options *not* futures, there is a pattern daytrading rule of minimum $25,000 so not sure how they get around this regulation?

Did a little research with some suspision, I can't confirm or deny , just don't know but I personally would be careful..... check Clearing firm and how this magical 20:1 leverage comes about JMO


Some on the internet state that they are affiliated with a telemarketer scammer

[COLOR=#0066cc]http://www.elitetrader.com/vb/showthread.php?threadid=183282&perpage=6&pagenumber=9[/COLOR] Page 9

[COLOR=#0066cc]http://www.ozripoff.com/report-view/1808-next-level-trading-tradingonthenextlevel-total[/COLOR]

Add: not saying it is a scam , hope it works out , just seems a little out of ordinary to me , also check if your money is locked for a year even if you decide to leave - not sure if that is SEC rule

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  #16 (permalink)
 
Jones's Avatar
 Jones 
Stuttgart, Germany
 
Experience: Advanced
Platform: Ninja Trader
Broker: IB TWS / Kinetick
Trading: ES
Posts: 32 since May 2011
Thanks Given: 17
Thanks Received: 13

hi gridking,

they do come around the pattern day trader rule how they described, am also not sure how...

thank you
jones

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  #17 (permalink)
 
GridKing's Avatar
 GridKing 
San Diego, CA USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 3,630 since May 2011
Thanks Given: 584
Thanks Received: 881

Thanks, sorry bit of a skeptic when it comes to these things, don't know much about 'em , keep us posted

Good Luck!

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  #18 (permalink)
 
Jones's Avatar
 Jones 
Stuttgart, Germany
 
Experience: Advanced
Platform: Ninja Trader
Broker: IB TWS / Kinetick
Trading: ES
Posts: 32 since May 2011
Thanks Given: 17
Thanks Received: 13


GridKing View Post
Thanks, sorry bit of a skeptic when it comes to these things, don't know much about 'em , keep us posted

Good Luck!

GridKing,

donŽt know if IŽll go with them. They have very low comissions, 80 cents for 100 shares but IB does the same for me for 20 cents surplus... . So not sure what to do. BTW GridKing did you enroll me at TST?

jones

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  #19 (permalink)
 
GridKing's Avatar
 GridKing 
San Diego, CA USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 3,630 since May 2011
Thanks Given: 584
Thanks Received: 881


Jones View Post
GridKing,

donŽt know if IŽll go with them. They have very low comissions, 80 cents for 100 shares but IB does the same for me for 20 cents surplus... . So not sure what to do. BTW GridKing did you enroll me at TST?

jones

funny to watch a Greek default Rally .... doesn't get much more Bizarre


Need your e-mail , pm me if you don't mind and I'll send the invite, I have a form to fill out and then it will send automatically I think you get a free trial or some fee waived if I send it , can't remember off hand - Thanks

Starting a new combine next week or two weeks depending on if I can work out money management strategy by Sunday

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  #20 (permalink)
 
GridKing's Avatar
 GridKing 
San Diego, CA USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 3,630 since May 2011
Thanks Given: 584
Thanks Received: 881


thanks Jones sent referral

if anyone happens to be interested if you enter referral code when signing up GridkingII , I believe the fee is waved for 4 week training setup (I think training platform is delayed quotes but at least able to try out CTS T4 platform) and access to chatroom and pit feed - so pretty good , hope it helps

Edit: Yep, just select 4 week training and use Prospect Code https://www.topstep.com// fee get's waved with code

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Last Updated on August 1, 2011


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