Prop trading firms provide retail traders with capital access and funding to trade professional markets without requiring their own substantial capital, addressing the accessibility barrier that previously limited market participation to those with significant financial resources.
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Deep Dive
I Got Invited to the NYSE by Einstein Of Wall StreetAdded:
Hey everybody, it's me the Onside World Shoot here from the balcony at We've just been doing a really fun interview with Vanquish, the only first and only option firm, prop firm where that you can get the accessibility and funding to trade the option market. We talked about this for a while. There are people who trade equities, options, futures.
There's all this trading out here. We're on the floor of the New York Stock Exchange where everything happens.
However, in order for people who do not have a whole bunch of money, who don't have accessibility and funding to trade the stock market, which happens back in 2020 with WeBull and with Robinhood, accessibility happened during that time of COVID, during that perfect storm, brought 50 million plus traders into the market, which is incredibly exciting.
However, everybody thought it was a get-rich-quick scheme. They all came in the market. They blew up everything and they went home crying drying to the walls. What's happened is millions of them have come back. The first couple of firms, I Apex and and Topstep came into the world of prop trading from the future space to give people an opportunity who wanted to trade futures, who did not have the money, accessibility and funding. Wall Street Global Trading Academy is the best firm out there, the only firm that does coaching and mentoring, teaching.
David Green, my teacher, my mentor, my friend, is the best teacher with 41 years experience. There's nobody in the industry with that much experience teaching people risk management, technical analysis, which is basically the name of the game.
You can trade anything from from widgets to options to futures to equities, it doesn't matter. You still need the education of technical analysis and risk management. That's the name of the game. Whatever you're going to trade, you're going to trade it.
Apex, our preferred futures trading platform, has given millions and millions of people the opportunity to trade and get paid to trade. Now, out of the gate, we have Vanquish, the first option firm that's offering accessibility and funding in the prop simulated trading space, okay? Now, I couldn't find a better match to bring in Nour. Nour is somebody who I I've known for a long time, inspired by me in so many different ways, came into the trading business, and I would say somebody who's taken it more seriously than most, has created an incredible community around the trading world, and has also partnered up with Vanquish. So, I thought put them together, have a party, let's see. My pleasure. And it's approved by the longest-standing person in the industry. Exactly, there you go. The most photogenic broker in the world is endorsing this collaboration and party. Right? Three Jews, it's always fantastic. Just kidding. Anyway.
>> [laughter] >> So, um uh Vanquish Nour. So, tell Give me a little background on you. Nour at 15, what were you doing? Hanging out outside here So, were you waiting to meet me?
>> uh passed by, saw you on CNBC, saw you in real life.
>> [laughter] >> So. Saw I'm going to meet that guy, and there you go. I'm going to get in that business.
Great. And uh 10 years later, just doing the same exact thing, trading options and stocks. Okay. And what was the first thing you traded when you got out there to trade? What made you I mean, obviously you're not in this business, and obviously when you were 15, 16, you didn't have tons of money. What was your first thing that gave you the accessibility to the market?
>> Well, I mean, I stuck with equities cuz it was the it's easiest way to learn with the least amount of risk, and I stuck stocks that were cheaper, not penny stocks, but things like Square at the time, Roku, Micron Technology. They were cheap ones. I mean, yeah.
>> yeah. At the time, now we're trading at $800 today, so things have changed, but at that time, you could get in, and you know, stocks move 30% in a >> a couple of shares and making money.
>> dollars here and there, yeah. You were scalping. Yeah, that's how it started.
>> Right, which is not a bad word, just so you know. Hitting singles and doubles.
And then what was the next step up from that?
>> researching options on YouTube, and at that time it was rocket science cuz there's no, you know, education. And also options are not easy. I I I still don't get it, right? It's No, I'm serious. I mean, I can trade I can trade a billion dollars worth of spy and I can trade equities you know, here and there and everywhere. But for some reason my brain just doesn't work in the options.
Simple options, yes, but it's just doesn't work for me. Right, so and it just it just took time. I was just trying things out one contract at a time and and going from there and and seeing the returns, the risk and obviously it's more risk than equity, so you couldn't actually enter or enter the trades with the same amount of money. Right. And options are different. I mean, when you own an equity, you buy an equity, you have it and so your downside is a little different. Options can expire and then you've lost that money. So that's all also been something that always is a little bird on your corner on your shoulder like talking to you. So it then was options the biggest spot that you went to next and where you blossom? I stuck to options for the rest and obviously equities here and there and obviously long-term I stuck to them. I mean, you you've done an amazing job at first of all create like a fairly quickly. One of the reasons I'm so impressed with you is, you know, look you may you ended up becoming really successful at it and you're I think your first your first goal was to basically bring create a community around it. You had found something you knew that you could do well and that you could teach people to also do well and you didn't need to be standing all by yourself with a bunch of presents, right? I mean, that was something that was impressive cuz there are tons of people who go out there, they make a bunch of money and all they do is brag. know that and who you know, who go out there and all they want to do is, you know, post pictures of themselves in the back of a Bugatti with sacks of $10,000 bills. Nothing wrong with a Bugatti.
But anyway, so you come together with this. So these guys then think about it.
He's trading options, but there is no way to really be as big as you want although he's become successful enough to do whatever he wanted to do. What made you go this way? So for one, I I collab with nobody. The the only other company was a real brokerage and they're publicly traded. So, I ended up finding Vanquish through, you know, mutual friends and it still took me a very long time to look into their company and you know, decide to work with them. But, the biggest problem I see when you have a community and you know, you post online, people always have a problem with access to money.
Right? And if you can solve that in a way where okay, here's access to money, show me what you can do and then, you know, end up benefiting them so that they can end up making money instead of risking their own money, why wouldn't you go that route?
>> Right, exactly. And I've heard a lot of things out of, you know, from other, you know, prop firms.
>> Right. Had you ever thought of going, I mean, to going into the futures market or whatever? Cuz options were your thing.
>> Yeah, because at the end of the day, you understand futures, you understand equities. So, it's very easy for you.
For me, it's like, okay, futures, I don't even trade cuz I don't understand the process of their company and, you know, everything they're doing and I need to make sure everything they're doing is correct on the back end. So, >> [music] >> Vanquish was very easy. It took me like three or four months to end up, you know, saying, okay, I'm going to work with them. And then, here we are and it's the best thing that's ever >> one of the reasons is is cuz what you had talked about that made you go into this space. First of all, it was a niche no one else was in and the reason for you what you did did that because of all the the reason cuz he is one of the most discriminating people out there in the industry. No, he is. It's like I don't go and partner with anybody, right? I mean, he does more due diligence than anybody. So, all that work that you did make it so made it so much easier for him to look at you guys and say, okay, I'll work with them, right? Cuz he he's been checking every everybody else. Oh, there's a there's a, you know, trash bin full of everybody who's wanted him to work with them forever and ever. So, you guys but you you it's an affiliate relationship and and So, I ended up end up working with them, but the first thing I did was try the platform out myself, try to, you know, pass the evaluation and end up passing it, trying the performance account. Then after I tried all those things, I ended up only releasing it to Stock Hours and I asked them >> one of your communities?
>> Yeah, just just the same community I've had for 8 years now. And I just asked them for, you know, the response to the platform and they all loved it. Then I said, "Okay, I'll take the the final step and end up going full full time."
>> is your community at this point?
>> 27,000 members.
>> 25,000 and actively trading.
>> Actively trading.
>> And mostly all trading options?
>> Yeah, probably every all options and then the people who have a larger amounts in their account, they'll they'll go mostly equities and then options dabble in and out.
>> Right. And from as far as you other platforms that you've seen work, describe it for somebody who's never done I mean how your vanquish it's to me relative to having known about all the other platforms, it seems like they've taken out a lot of the sort of impediments or things that would be questionable.
>> So the so the biggest problem is always, you know, things like hidden fees, hidden things that you've got to pass, you know, if they tell you something you got So I went with Vanquish because one, they were the only ones at the time.
>> In option.
>> Now they have competitors, but they are still the only straightforward prop firm. They tell you exactly what you need to pass.
They tell you the only fee that you're going to pay, there's no hidden fees after you pass and it was just the easiest thing because everybody from Stock Hours just wants something that they can trust and they don't have [snorts] to worry about things to come in the future. Right.
>> We look, we know that. I mean if you look at this point I'll let them all remain nameless, but there's always like there's a new hidden fee or there's a different kind of drawdown thing or this and that. There's always something and always something changing, right? Which makes it I mean when somebody starts, you know, either tell me the story or you know, don't don't add on stuff later. That is where you suddenly lose everybody.
>> my biggest thing just off the top of my head is I've always heard prop firms denying payouts.
>> Right.
>> So I had to make sure that Vanquish has >> no, that's the biggest problem.
>> Yeah, and they never denied a payout unless it was a you know scamming Yeah, yeah, yeah.
>> scamming or whatever, but other than that they don't have a limit on paying out you know traders. Because they worked for it. And which is amazing. And you guys response to I mean you obviously have do you have other affiliates? Yeah, we do. You do. Okay. Obviously there's nobody as with integrity as this guy.
You know a few of them though. They're they're they're good people.
>> Yeah, yeah there are. Yeah.
No, I I look I find the fact the fact is that you found you know it's always interesting you like you watch Shark Tank. Right? The industries are so full you know like this is a crowded space.
And obviously the the other trading other things the crowded space is extraordinary. But you guys also realize that the global demand for this is going to be massive, right? So I work with traders all over the world. I have a group that I work with in Italy. They're just trading options. I haven't even had a moment to talk to them about you guys yet. I have a group this young lady I called Anna Becoe in in Mexico. Right?
She was a uh uh soap opera star. And then she sort of watched me and got inspired to trade stocks. And now she has a group called Accion Latinas. And it's all women trading nothing but options.
>> Yeah. So I told her about you and she's coming in in in in July. So you you guys will get to meet her. But she has as I said people who trade options do nothing but it. So I think that will that will really grow the business. And the craziest thing is I started trading in 2016. Right.
>> Trading wasn't that popular. Not at all.
Nobody was doing it.
>> COVID year over year trading has gotten more and more popular. And then Bloomberg ended up doing something I don't know if you saw it some research.
It says prop firms are growing at a faster pace than brokerages. Exactly.
>> Because you have a lot of young retail traders coming into the market. Yeah.
That's why it's sick to have Topstep you know have options. And options is so popular now because it's easier for you know investors who have smaller amounts of money to come into the market. Yeah, no I look I I you know you saw what I said was that you had 50 million people come in during COVID. Yeah. 80% of them blew themselves up, right? And they went home crying. The whole retail cuz one of the things I do is track retail traders.
>> Yeah. Right? And what we're seeing now is first of all, retail has become smart money. Right? If you analyze what happened last February, March, and April when the market sold off 20.8%, it was retail buying that dip. Okay.
>> In fact, it was the instant You wouldn't have thought this, but it was the institutions that were selling. Uh and I've tracked this. The big institutions and mutual funds were dumping stock in February, March, and April. Right? And it was retail money that was buying.
Right? And that's why the way the year ended up the way it did because once Trump said, "Okay, nothing to see here.
Let's buy the market." And we were back to even in 4 weeks. The big firms were not able to pivot that fast. Anybody else can just say, "Okay, Correct.
>> you know, cover my short and let's go long." The big guys couldn't, and they spent the rest of the year playing catch-up.
>> Yeah. That's why the market is up today because what happened 3 If you remember 3 weeks ago, we were down 12% Yeah. and everybody thought the market was going down the >> Yeah. Okay? Excuse my language. Bottom line was what ended up happening was all those big institutions looked around and said, "You know what? We're not going to let happen to us what happened last year.
>> Mhm. We irrespective of what's going on in Iran, we're going to start buying the market because eventually the war is going to be over. We're not in this forever.
>> Yeah. He'll create another catastrophe down the road. That's fine, but for now, we have no edge in this. And so, you know, we better focus. So, they started Institutions started buying a software at 50 cents on the dollar and tech down 11, 12%. So, that's that's why we're where we are today.
>> Trump got into Intel, There you go, right?
>> one in there. $20 is crazy.
So, anyway, look, I think we're in a great space cuz now Yeah. that where the market is now robust and strong, you're going to start to see a whole 'nother generation come in, right? Of people who have watched all those things. They watched the first one look great and then blow up. The second one's starting to look better. I think we're only going to see massive growth. We see it We see it in futures. We're going to see it in options. We're going to see it in the fact that you guys are in an industry that's only going to grow, right? And it sounds to me like you're All the other little impediments, whether it's a drawdown or a percentage out or whatever it is, at the end of the day they're going to be going live in all the different sectors and I don't have a I one or the other. I just like to find the best of the best in what we're dealing with and as I said, so I I think we're we're with the best in Apex and we're thrilled to be with the best with you guys. And so and I think you got the best over here, so Giddy up. Always a pleasure. Great guys.
So, Wall Street Global Trading Academy, first and foremost, learn how to trade.
Secondly, vanquish, get paid to trade and have accessibility to trade. That's all it's about. Learn to trade, trade and get paid to trade. Vanquish, Wall Street Global Trading Academy, newer trades, giddy up. That's all I got to say about that.
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