Trade The Pool | Prop Firm Reviewer (2024)

How else, could you access $20,000 worth of buying power, which doesn’t run out, by the way, that’s per trade if you wish. . . many times a day, for only $97.

No PDT, No T-1, T-2 settlements. Get into and out of as many positions as you desire in a given day, just don’t lose more than the daily loss limit, or the over all drawdown for the account size you choose.

1. Have you ever hesitated to stop out of a losing trade because your limited buying power would prevent you from re-entering the market?
2. Have you followed your rules, and stopped out, only to find a perfect set-up just minutes later that you couldn’t take because you were out of buying power?
3. Have you not taken profit when you could have because you wanted to make more on the day, but your limited buying power meant that was your last trade for the day?
4. Are you trading high-risk, high IV options because your limited buying power won’t allow you to go short the stock when you want to?
5. Are you trading options because “it’s cheaper,” and you lack the leverage to trade the mega-cap stocks?
6. Are you tired of trying to figure out what the value of your option will be when your stock hits your stop or profit area?
7. Would you rather know exactly what your risk reward is on every trade?

Here are just some of the benefits:

1. Coaching from Traders who’ve been in the trading business for decades.
2. Daily trade tips, including support and resistance levels of the hottest stocks on the watch list.
3. Free access to professional tools worth hundreds a month, like Trendspider, TraderSynch, and TradeIdeas.
4. Several ways to enter the community based on your needs. Discord, Twitter, Facebook. Many opportunities to interface with the traders at Trade the Pool.
5. Transparency from the start. Everything you need to know is clearly stated up-front, from fees to profit splits. Many things are left up to you to decide.
6. Team Trading at its finest. They succeed when you succeed. They’re looking to make money on your success, not on your failure.

1. No Wash Sale Rules: When trading as an individual, wash sale rules can limit your ability to offset capital gains with capital losses if you repurchase a substantially similar security within a short period. By trading with a prop firm, you may be exempt from wash sale rules, allowing for more flexible tax planning and optimization.

2. Independent Contractor Status: Joining a prop firm like Trade the Pool often involves being classified as an independent contractor rather than an employee. This classification can provide unique advantages, such as the ability to establish your own trading business without the need to apply for trader tax status. It allows for more flexibility in structuring your trading activities and potential tax benefits.

3. Enhanced Trading Resources: Prop firms typically offer traders access to advanced trading tools, proprietary trading software, and comprehensive research resources. These additional resources can enhance your trading capabilities, providing you with a competitive edge in the market.

4. Reduced Trading Costs: Prop firms often negotiate lower trading costs, including commissions and fees, due to the collective buying power of their traders. As a participant, you can benefit from these reduced trading costs, potentially leading to higher overall profitability.

5. Performance-based Compensation: Trading with a prop firm often involves performance-based compensation structures. Instead of a fixed salary, you have the opportunity to earn a share of the profits generated from your trading activities. This can provide added motivation to strive for consistent profitability and rewards based on your trading success.

6. Risk Management Support: Prop firms typically have risk management measures in place to protect both the firm and the traders. They often provide risk assessment tools, trading limits, and oversight to help you manage and mitigate risk effectively. This support can be valuable, particularly for traders who are still developing their risk management skills.