Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
From another thread, there was discussions on if prop firms are a good deal. The other poster was of the opinion that prop firms do not work because their faster paced trading method was not allowed.
My personal opinion is that you can make money, and yes even live off them but live markets are much better.
There is almost 0 benefit to a prop firm if you trading for a living, except for the limitation of loss (whatever your monthly + funding fees are). You get no US tax benefits if you are in the US, and you share a portion of your payouts, and your also restricted to their trading and payout rules. Also if in a personal account as you grow your account balance, you can naturally take more contracts/margin.
Also, the smallest amount you'd need to trade MES micros is about $100 ($50 margin + buffer) and you'll need to take at least 7 tick gains minimum to take a profit after fees, and that's really tough. That might be a good discussion for another thread though, on the long term longevity of scalping micros as a full time trader.
To answer your original post, I only trade copy in my Travodate prop accounts, and only inside the same company using the group account function that's built-in not across firms. The same issue you mentioned about different fills and orders not executing I've heard too many times and its not worth the risk to me.
Thank you planetkill.
I in deed misted that not sure how it is happened. Anyway, I've looked into it last night and gave it a go.
In short it still didn't work the way i wanted to.
I am using Jigsaw daytradr stand alone software. It connects to Rithmic Pro. NT connects to Rithmic pro. I don't use NT for charting, it is only to run TradeCopier.
When I execute the order, it hits Rithmic and looks like Trade copier picks it up from there. It also doesn't pick up ATM correctly, and getting confused when I exit position with a new order.
Don't get me wrong the tool is great, and I am sure it works. My friend is using with success. I am the DOM guy. i don't use NT.
I just need to find another solution
P.S - > If anyone interested in a tool please reach out we can work something out.
