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Options prop firm


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Options prop firm

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  #1 (permalink)
 marketvoyager 
Florida
 
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I am looking for a good prop trading firm that offers both options and futures, similar to topstep where you don't have to physically be there and where they don't completely judge your background/trading experience etc.

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 Big Mike 
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Not going to happen.

Mike

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  #4 (permalink)
 marketvoyager 
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Big Mike View Post
Not going to happen.

Mike

If that's actually the case, then the next best thing.

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 marketvoyager 
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Big Mike View Post
Not going to happen.

Mike

Do you mean that there are no such prop firms, or that it will never happen because they would never take me because of how my trading seems so far?

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  #6 (permalink)
 PeakGrowth 
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marketvoyager View Post
Do you mean that there are no such prop firms, or that it will never happen because they would never take me because of how my trading seems so far?

You're asking if a firm is going to give you their money to trade without questioning whether you can make money or not.

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  #7 (permalink)
 marketvoyager 
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PeakGrowth View Post
You're asking if a firm is going to give you their money to trade without questioning whether you can make money or not.

No, what I meant to ask was if Mike said "not going to happen" because of how I seem to trade so far. But what he could also have meant was that the firms that usually offer both are more formal, require you to be there, require a track record, make interviews. This is what I have seen so far, either that or they require you to make a deposit of a few grand to share the risk. I am hoping topstep adds options in the near future.

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 Tymbeline 
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marketvoyager View Post
I am hoping topstep adds options in the near future.

I mean this helpfully, not critically, but if you genuinely imagine that what's stopping you from passing a TopStep Combine is the fact that they don't offer options, you'd be far better off looking through some of your recent threads here and re-reading and digesting some of the excellent advice you've been offered in them, rather than looking for a "TopStep imitator" who offers options. The instrument(s) you've been trading are not what's holding you back.

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 MacroNinja 
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The prop firms I'm familiar with would either need 1) you walking in with a profitable track record and getting allocated capital as basically an employee or 2) you're posting your own capital and they will allow you to utilize their margin, but even in those situations you generally need to be a somewhat competent trader so they don't deal with any tail risk issues stepping outside of the risk parameters on the margins.

Your next, next, next, best hope might be to find a former bank prop trader that's gone solo since the banks have been moving those desks off the books and try to pay them to shadow them for a proper apprenticeship.

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  #10 (permalink)
 marketvoyager 
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MacroNinja View Post
The prop firms I'm familiar with would either need 1) you walking in with a profitable track record and getting allocated capital as basically an employee or 2) you're posting your own capital and they will allow you to utilize their margin, but even in those situations you generally need to be a somewhat competent trader so they don't deal with any tail risk issues stepping outside of the risk parameters on the margins.

Your next, next, next, best hope might be to find a former bank prop trader that's gone solo since the banks have been moving those desks off the books and try to pay them to shadow them for a proper apprenticeship.

Topstep is a prop firm and they don't require capital or track record, you just need to be a good trader. But, I think they are either the only ones, or one of a few.

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 Tymbeline 
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marketvoyager View Post
I think they are either the only ones, or one of a few.

I agree - I strongly suspect, after a lot of looking around, that they're the only one who require no capital, will set up funded accounts, are well-established, supremely ethical and service-oriented, pay out reliably, are real people with real names, phone numbers etc., have real evidence of large numbers of successfully funded traders endorsing them, and so on. Out of everything I've seen, they're the only ones I'd try to do business with, for that purpose, anyway.

(Strictly speaking, a tiny amount of capital is still required, both to pay for a Combine and to pay for the initial data-feed after successfully becoming funded.)

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