Demo Tryout for applying to futures prop trading desk - best strategy?

SMBFutures has just created a futures prop trading desk (you can find the details at SMBFutures on their dot com website) and they are letting ANYBODY apply to be a funded trader on their desk. They are not looking for students to train here...they are looking for people with a trading strategy that can pass their risk parameters (1k daily stop and 3k total stop - 5k profit target). But you don't need "pedigree" or to goto a top college...all you need is a strategy and the ability to execute it. You do NOT need to take their eduction courses (in fact, this has zero bearing on the tryout...unless you need the course because you don't already know how to trade)

So, who is thinking of applying, and what kind of trading strategy are you planning on using?

To avoid people flipping coins, they are requiring applicants to pay for the costs ($325/month). Live future data costs $95/month from the CME. The good trading and charting software, like CQG, MarketDelta, Ninja, InvestorRT etc.., costs $$

SMB is not doing a charity here, but they are also not making a profit on the tryout. They are just saying, if you have a strategy that works (lets say you are a poor student who came up with a strategy in your basement) but you don't have the 20k money to fund your own futures account, SMB will let you tryout for their futures desk...yes you have to pay the external costs ($325/month), which you would have to pay anyway if your were trading on your own. I believe this is different from their equities desk (but they already have 50 equities traders, so they don't need more).

$325 is not a lot of money if you have a good idea. And if you don't have a good idea, then you should not be trading, and they don't want to waste money, paying for anybody and everybody to take a shot who have no business trading, so they avoid wasting money on the software and market data fees for people who are not serious.

Comments (6)

Dec 4, 2017

Why did you just re post an identical thread to the one you had up earlier? Old one has disappeared too???

@AndyLouis

Dec 4, 2017

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just google it...you're welcome

Dec 4, 2017

do you have a futures trading strategy that you are considering using for the tryout?

just google it...you're welcome

Dec 4, 2017

not sure what happened to the old one (maybe because i'm new here) but i'm really curious what people think, and what kind of trading strategy people are thinking of using.

just google it...you're welcome

Dec 4, 2017

if you don't already have a trading strategy, there are lots of youtube videos that teach different trading strategies...and you can test them out yourself for free with a TD thinnkorswim account and paper trade on your own. Then, after you are confident that you would be a successful futures trader, you can apply to SMBFutures. This seems like the best chance for someone without pedigree (it seems impossible to get into the BBs for prop trading these days)

just google it...you're welcome

Dec 4, 2017
Comment

just google it...you're welcome