Day trade with around 2k-3k funding myself

Discussion in 'Prop Firms' started by kingfisher1111, Jul 27, 2020.

  1. ironchef


    How do you know unless you have used all of those platforms and tested them out? Have you scalped with Etrade, Schwab or TDA and timed them?

    I don't day trade or scalp but my executions using one of them were all instantaneous as far as I could tell, without using a timing algorithm.
    #51     Aug 6, 2020
    Gaslight Capital likes this.
  2. I don't scalp either but I do day trade, and I have had no problem with TDA for options. Lightspeed is a much better choice for stocks.
    #52     Aug 6, 2020
    ironchef likes this.
  3. BAT31


    Have you looked into Tradenet? I don't know how much buying power $3000 will get you. But I know $9000 will get you buying power of $240,000.

    From what I understand, Tradenet trades CFDs, which U.S. citizens are prohibited from trading. However, with Tradenet, they get around this hurdle by allowing you to trade under their account as a "prop trader."


    One Blogger's Experience with Tradenet:
    #53     Aug 6, 2020
  4. This guy is a scam. This is a bucket shop like Suretrader was. He takes your money, and gives you a demo account to trade which you think is real. Since most traders lose all of their capital quickly, no one is the wiser; and for the occasional profitable trader, he has the capital he confiscated from all the others to pay out the "winnings" of the very, very few. Thankfully he was enjoined from accepting any more US based traders and funds.
    #54     Aug 6, 2020
    bone likes this.
  5. ironchef


    You day trade options? If so, :thumbsup::caution:.

    I am looking forward to tryout the TDA platform after the merger.
    #55     Aug 6, 2020
  6. BAT31


    #56     Aug 6, 2020
  7. SPX/SPY
    #57     Aug 6, 2020
    ironchef likes this.
  8. ironchef


    I am really impressed. Hard?

    I find day trading very hard, day trading options even harder.
    #58     Aug 6, 2020
  9. ironchef


    If the rules are clearly spelled out and transparent and they strictly follow without deviation, then you cannot say it is a scam. They operate like a casino rather than a brokerage. Casino allows you to bet on sports, horses even elections and this is similar, the bucket shops let players (traders) bet on stocks instead.

    Another thought: How is this different from us trading derivatives? We make side bets on the underlying through CBOE who manages the trades and guarantees the payouts?
    #59     Aug 6, 2020
  10. I guess the SEC made an error then.
    #60     Aug 6, 2020
    jtlexington likes this.