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Day Trading Firms Offering Financing

Excerpt from: Day trading newsletter Issue No. 003

Trading Firms & Financing

From: Jim G.

I have been looking at the possibility of day-trade firms and broker/dealers that offer day-trade office facilities and arrangements whereby financing may be available to supplement my personal capital base used for trading. In other words, the organization may retain say x% of trading profits that I may make in return for providing me with capital to facilitate trading activity. Naturally there would be stop-loss measures and/or security deposit features in place to insulate the firm from risk.

I am also curious of the firms reputations and how to locate these opportunities. Thanks, Jim

~~~Christopher's Response~~~

Jim,

I would be happy to give you some advice, but I can help you better if you tell me a couple of things.

1. What firms are you looking at?

2. Please detail your trading experience (and be honest!) including as many details as you can about gains, losses, money management etc...so that I can determine the risk you may be taking on by going forward with them.

Follow-up To Question -

Chris

Thanks for getting back to me. I have really just started searching for firms that might provide the kind of trading arrangement that I spoke of alluding to obtaining capital in return for retaining a percentage of profits. I have briefly surfed the web and have found but one possible firm to date, daytrading.net - although they do not provide much detail on their sight.

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