A TRADER'S LIFE 82 | Michael Buchbinder - trading on the side while running Tradiac prop firm
One of the biggest trends in trading today is the proliferation and evolution of prop firms. They seem to be popping up everywhere. It's hardly surprising when you realize that more and more people are looking for a side hustle, but don’t have much capital to play with. They take a crack at trading, blow a lot of their savings and decide it might be less stressful trading a fund, not tied to their bank account.
For prop firms, competition is hotting up, and, on the whole, that tends to be a good thing for traders looking to get funded.
In this episode I chat with Michael Buchbinder, one of the founders of the prop firm Tradiac. Before chatting, I ran some reviews on Tradiac and was very impressed by their high score on Trust Pilot
Michael continues to swing trade, so we do get to talk about stocks, but for more than half this forty minute episode we talk about at the business end of prop trading.
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Here are 6 key benefits I noted which, as a bundle, I haven't seen matched by competitors:
- Highest drawdown levels versus competition - 30% max and 15% daily
- No min trading days
- No min amount of trades, simple rules
- 90% payouts on all accounts
- All accounts are scalable up to $1m
- Don't lose your progress scaling with our Redemption Tests
If you want to give Tradiac a go, click the link below and use ATraderslife10off in the coupon/discount field to get 10% off your first trial.
https://go.tradiac.com/auth?ref=traderslife
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