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How to get funded as a trader
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How to get funded as a trader

  #1 (permalink)
Trading Apprentice
MI/USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: Futures - DAX
 
Posts: 4 since Mar 2013
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How to get funded as a trader

I'm wondering if anyone can help with some ideas on how to get funded for trading. If I have been positive trading every month for lets say 6 months to a year (on a sim account), are there any companies that would fund your trading and do a split of the profits? I know that TopStepTrading does something like this once you prove yourself, but I trade the DAX and that is not one of the markets that they trade. Any advise would be much appreciated. Thanks!

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Chicago Illinois USA
 
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Maybe...


work a couple twotree jobs and save some money?

There are a few local shops in Chicago that will hire inexperienced (no track record) prop traders on a split. The foil in that, based on your question, is you have to trade their method and the product they ask you to trade.

The trader puts up like $2000 and that covers the "educational materials". I do not think this is what you are looking for.


Last edited by wldman; April 25th, 2013 at 06:23 PM.
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  #4 (permalink)
Market Wizard
Cleveland Ohio/United States
 
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isty12 View Post
I'm wondering if anyone can help with some ideas on how to get funded for trading. If I have been positive trading every month for lets say 6 months to a year (on a sim account), are there any companies that would fund your trading and do a split of the profits? I know that TopStepTrading does something like this once you prove yourself, but I trade the DAX and that is not one of the markets that they trade. Any advise would be much appreciated. Thanks!

There are not many groups out there who will fund a paper trader. It is hard getting funded, even if you are trading with real money.

As @wldman said, your best bet is to get your own capital to trade. The added benefit of this is that since it is your capital, you might be more careful with it. Disadvantage is you might be too emotionally attached to it.

I hope you realize that sim trading is, at best, a poor substitute for real money trading. At worst, it is completely uncorrelated to real money performance.

If I had limited capital, I'd probably start with mini or micro Forex. Some places have it where 1 pip = 10 cents. You could then bump your size up as you made profits.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #5 (permalink)
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isty12 View Post
I'm wondering if anyone can help with some ideas on how to get funded for trading. If I have been positive trading every month for lets say 6 months to a year (on a sim account), are there any companies that would fund your trading and do a split of the profits? I know that TopStepTrading does something like this once you prove yourself, but I trade the DAX and that is not one of the markets that they trade. Any advise would be much appreciated. Thanks!

Better have a big account if you trade the DAX. That's all.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #6 (permalink)
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Denver, CO
 
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isty12 View Post
I'm wondering if anyone can help with some ideas on how to get funded for trading. If I have been positive trading every month for lets say 6 months to a year (on a sim account), are there any companies that would fund your trading and do a split of the profits? I know that TopStepTrading does something like this once you prove yourself, but I trade the DAX and that is not one of the markets that they trade. Any advise would be much appreciated. Thanks!

Is it possible for you to apply your techniques to markets Topstep supports?

Plan your trade, trade your plan.
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  #7 (permalink)
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Six moths...

to a year profitable on SIM.

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  #8 (permalink)
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Lehrte, Germany
 
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AFAIK TST is planning to add EUREX products to the Combine "in the future"...but if this takes the same amount of time as they need to get NT up and running,
I'd rather agree to previous posts suggesting to better have a big account on your own or adapt your strategy to a permitted instrument...

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  #9 (permalink)
Trading Apprentice
Charleston SC
 
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On the weekends I cut grass, collected aluminum cans, did odd jobs, for about 2 years to build an account. All the while paper trading. I opened a small account and currently trading mini-contracts. Like the man said, once your are "Live" with real money, it's a different ball game than PT.

Sirobby

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  #10 (permalink)
Market Wizard
Sarasota FL
 
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Answer
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As many people have said, once it's your (real) money, everything changes, compared to sim.

The TST Combine manages to get close to the feel of live trading, with their strict loss limits and having to put some money up first. If you can switch your style over to one of their markets, there is a possibility of funding at the end of it. But it can be very challenging, even to experienced traders.

Otherwise, there just isn't anything like having your own money in the market. If you can find a way to start an account and trade very carefully -- with very good loss control -- you will learn more than with any amount of sim trading. It can get expensive, however. But at some point, you will need to get off of sim. It can be unexpectedly rough, but it will teach you trading.

Hope things work out well for you.

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