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Direct MessagesDate/Time: Sun, 05 May 2024 13:50:39 +0000
Post From: Videos About Alternative to Trading Evaluators/Funding Companies and Order Routing Service
| [2020-08-16 18:27:39] |
| gr93 - Posts: 18 |
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Forgive me if I'm not understanding correctly but how is this exactly an alternative to funded trading accounts like TopStep and OneUp? Is Sierra Chart providing a mechanism for users to trade a funded account? To me this sounds like a "signal" service where users can pay to view trades from another user (not that that's a bad thing). But how would this serve as an alternative to the prop firms? Users would still have to put up their own capital right? Or is the plan to have prop firms that use Rithmic adopt this technology? I love SC but just don't see how this is the same or even close. I would much rather pay the fee and be able to trade and risk much larger sizes than am currently capable of trading with my own capital, than use my own capital and also have to rely on other users to make money. Some explanation would be appreciated. Thanks. EDIT: Just watched the video again and understand now that there is no way to copy trades from a Sierra Chart user with this new technology. So what incentive is there to use this versus a prop firm? $5 - $20 a month per user as a profitable trader is pennies compared to what could be made with a true funded account trading 15 ES contracts for example. If you are truly profitable then why would you not just trade with a different platform and be able to use funded accounts to trade much larger sizes and gain much more than the some odd $1000 per month from using this SC service? To me this only helps traders who can already afford to trade more than the sizes offered by prop firms, in which case the profits to be made from selling trading activity are very minimal. I myself have decided to only use Sierra Chart free version with AMP for charting and switch to Jigsaw for execution so I can trade with OneUp Trader. Just not understanding the point of this. It seems nice as a supplemental SC feature but not as an alternative to prop firms which are geared towards people who are undercapitalized. Date Time Of Last Edit: 2020-08-17 04:24:39
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