NexusFi: Find Your Edge


Home Menu

 





Options prop firm


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one marketvoyager with 5 posts (1 thanks)
    2. looks_two Tymbeline with 2 posts (3 thanks)
    3. looks_3 PeakGrowth with 1 posts (0 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
    1. trending_up 4,102 views
    2. thumb_up 4 thanks given
    3. group 3 followers
    1. forum 10 posts
    2. attach_file 0 attachments




 
Search this Thread

Options prop firm

  #1 (permalink)
 marketvoyager 
Florida
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 110 since Sep 2014
Thanks Given: 60
Thanks Received: 20

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.

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Ninja Mobile Trader VPS (ninjamobiletrader.com)
Trading Reviews and Vendors
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Build trailing stop for micro index(s)
Psychology and Money Management
Better Renko Gaps
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,539


Not going to happen.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #4 (permalink)
 marketvoyager 
Florida
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 110 since Sep 2014
Thanks Given: 60
Thanks Received: 20


Big Mike View Post
Not going to happen.

Mike

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

Started this thread Reply With Quote
  #5 (permalink)
 marketvoyager 
Florida
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 110 since Sep 2014
Thanks Given: 60
Thanks Received: 20


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?

Started this thread Reply With Quote
  #6 (permalink)
 PeakGrowth 
Sydney, Australia
 
Experience: Intermediate
Platform: Sierra Chart, IRESS
Broker: IB, IQFeed
Trading: ES, SPI, ASX stocks, options
Posts: 399 since Jun 2015
Thanks Given: 169
Thanks Received: 465


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.

Visit my NexusFi Trade Journal Reply With Quote
  #7 (permalink)
 marketvoyager 
Florida
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 110 since Sep 2014
Thanks Given: 60
Thanks Received: 20


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.

Started this thread Reply With Quote
  #8 (permalink)
 
Tymbeline's Avatar
 Tymbeline 
Leeds UK
Market Wizard
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradovate
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 644 since Apr 2015
Thanks Given: 2,343
Thanks Received: 1,054


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.

Reply With Quote
Thanked by:
  #9 (permalink)
 MacroNinja 
Buenos Aires Argentina
 
Experience: Advanced
Platform: NT, MT4, Sierra
Trading: S&P, Bonds, Crude, FX
Posts: 250 since Sep 2014
Thanks Given: 37
Thanks Received: 256

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.

Reply With Quote
  #10 (permalink)
 marketvoyager 
Florida
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 110 since Sep 2014
Thanks Given: 60
Thanks Received: 20



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.

Started this thread Reply With Quote
Thanked by:




Last Updated on November 17, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts