Disliked{quote} Well, that's so negative. Why would I lose $240? Maybe I will make $240. Maybe more. Because I have the freedom to take advantage of a setup that requires me to risk more than 4% of the account. Okay, I do admit that the 5ers scheme makes a more careful trader out of a participant. I also acknowledge that a trader who challenges this deal might have had quite a bit of experience trading (Unless daddy gave them their money). I recognize that being successful under such restrictions requires amazing discipline. And on and on. But to say you...Ignored
Of course -- and you might make a lot more. What I said was "worst case scenario".
Suppose I trade a specific strategy -- the strategy has no clue whether I'm trading my own account or @the5ers account. It's going to perform exactly the same in both accounts. If it's going to win in my account it will win in @the5ers account. If it is going to lose in my account it will lose in the @the5ers account. What a prop trading company allows me is to trade a larger account using a more conservative strategy -- and I think that is a better recipe for success. I can make more money growing a 100K account 12% per year than I can growing a 1K account 288% per year. Not only can I make more money, it is less stressful and time consuming. But that comes with a price, right? You have to stay within the rules. If you can't stay within the rules then the whole thing breaks down. That's the trade-off.
The fact you bring politics into this suggests you have racism on the brain -- so I know where this is headed. I'm done...
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