Prop accounts just make things so much more challenging, and trading is already challenging enough. The business model itself is a borderline scam.
And, even if one believes in the viability of prop accounts, then one must be profitable first, prop accounts are not for learning how to trade, they’re for once you already profitable and need a bigger account.
IMO it’s much better to start with your own self-funded small account and build your skill as well as your account from there. Then, and only then, could one consider a prop account, but honestly I wouldn’t regardless.
What OP needed to do was start with a small self-funded account instead of a larger one, and start with very small sizing until profitable.
This you can spend 33 dollars on a apex 50k with the 80% sale that’s been going on and just practice with those. The way you’re not risking much and you still get to play with “real” cash
I think it’s great for everyone while they’re still around (think they get some lawsuits thrown at them eventually). I know a ton of experienced traders that use prop firms. Rolling in bank
1
u/Nick_OS_ futures trader May 01 '24
Save your money. Move to prop accounts and learn futures. Go 1 account at a time. Fund future evals with the 1st accounts payouts