Recent content by niceguy

thanks for responding artis. I have been thoroughly educated in prop shop deals since I posted.Nice Racket!! Fortunately my only overhead is NY open book

and thanks to Maverick, it only took 5 weeks to realize it!! Something tells me this post is about to save me some heartache and make a positive impact on my P&L. .... back to staring at the tape :) Thanks Maverick!

what if you incorporate your self and take a 25% home office deduction ? probably should work that into your model. I rent a 2 acre home on the the Gold coast of Long Island for about the same as a nice 1 BR in NYC.

Dude- your folks shelled out that dough to provide you with the best education they could. This will always benefit to you in society. Does anybody "use" their undergraduate degree in their jobs? With the exception of those professions that require x amount of education and licensing...

how can there be commissions and desk charges if you are trading their$$$?

Besides the crappy rates, lousy free pizza and the building, what's it like working there? I'm a career changer whose spent the last 3 yrs swing trading while on the job. Looking to make a change into trading full time. would appreciate any insight anyone may have on Madison. Is anyone...

Also seeking info on Madison Trading. What is it like over there these days?

Great thread. I'm still trying to figure out what type of shop would work for me. I've been swing trading for the past couple of yrs as a side gig. Looking to trade equity/commodity derivatives as well as listed equity with a 100k account. Does anyone know any solvent firms that that provide...

THese forums are filled with 99% daytrader failure rate posts. Of course, you have to take everything with a grain salt- as in life. I got to believe people are making dough in prop shops outside of overrides & churning. Right now I basically subscribe to a few newsletters and do...

Thanks for the replies.... much appreciated. The major concern is the odds game. I consider myself a disciplined trader & have definitely learned from my losses (check your ego at the door during trading hrs) . I believe in taking smart risks. I don't mind taking a shot with my career, it's...

So, I'm in my mid 30's not married, no kids, decent stash in the bank & some decent passive income. I find myself blowing off my daytime gig in IT and constantly logging into Ameritrade. I've made a few grand a month trading 4-5 times a day. I'm really thinking of packing it in and heading to a...