Recent content by soccerscott

Checked out their site real quick and the amount of markets they can access is quite impressive. Looks like they are just as interested in having you start a trading floor for them as for you to come on as a trader. But, that makes sense as they likely make profits from commissions. I think...

I haven't run all the numbers but I imagine the Implied Volatility is through the roof and unless you get a major collapse, then buying a put here is too late. If you think BOA is going to collapse, a put on the XLF or SPX is probably a safer play. Or heck, go long the FAZ if you think a BOA...

I personally don't miss the uptick rule. I remember back in the mid 90's that we would have one of our traders go into the stock we wanted to short and create an uptick (usually only took 100 shares if the volume was fairly low) and then we would hit the bid for 5000 shares. However, I do...

Maybe I am just too old but I have seen hundreds of people come and go in this business. I do agree and even pointed out there are so many more resources available to traders now then when I started. Having someone who you are accountable to is the most important thing in trading the first...

Hey Everyone, All this don't pay or take training talk is quite dangerous advice to some people. I think to make a blanket statement that no one should take training courses before trading is absurd. Everyone comes into trading as a beginner and has to learn at the bottom. I know I made...

This thread is becoming divided right down a certain line. It looks like the people who have traded prop before and have not been able to profit on their trading are negative on the industry as a whole and the ones who have traded prop and have been able to make money in their trading are...

Hey Jude. (sorry, couldnt resist) Vtrader Maverick Trading echo Trading riverbank There are hundreds of equity only shops but only a few that allow option trading. I have heard good things about all of these firms except for the last one. Nothing super negative but heard from a trader...

Hey Steve, Great Idea Here is the criteria I used to create my white list. My view of prop firms is that they are there to provide a service to you; not, to make you successful. So, the important things are trading platform, commissions, speed of execution, support and the most important...

Trading is only a science after you have a large number of trades to put through analysis. At the end of the analysis, you will have a quantifiable set of numbers that states your success/failure. However, like any statistical analysis, a single trade or small sub-group of trades can have a...

Traders are this board are talking about "legit" prop firms that don't require a risk deposit or training and that they are the prop firms you want to trade through. The problem is these kind of firms are super-exclusive and are very difficult to get into. These firms typically recruit high...

I think QE3 is priced into the bond market but not much in the equities market. That being said, I hope they don't do anything since there isn't anything they can do. It's like pushing on a string.