Starting tomorrow I will be in control of a quarter million dollars of prop firm buying power in the futures market. 📈🚀
Discussion
Get humbled, stack sats 😅
Jk hope it goes well. Seems risky. I’d 100% shit my pants.
When I first learned what a prop firm was and how they work, I was like, holy shit! They do that??? Like, they just GIVE you an account full of money to trade with and you get to keep MOST of the profit?? 🤯
Wow. What happens if you were to fuck it up and (hypothetically!) lose everything, i assume you would owe them 250k, no?
They put tight risk limits on it. I have 250k of buying margin but I can only lose 10k before they cut me off. But no I don't owe them that money back. I would just have to go through their evaluation again and earn funding again.
Their upside is that I have a 90/10 profit split with them that's taken out of my withdrawals. So if I request a withdrawal of 10k, I get 9k and they pay themselves 1k.
It's a pretty sweet deal because it takes a lot of money to get started trading futures, and this way I don't have to risk my own money starting out.
Congratulations on the hard work friend.
JFC. Sounds stressful 😁
Sending positive energy your way 🔥.... Flow in the abundance of your magik ✨
Ping me if I can support your journey #ayurveda #stress 🙏🫂
so you are the one driving btc futures down every day
I just made $5,493 while I was sleeping last night. 😎