Recent content by theShadow

And because I knew that I won a $100 bet. I bet another trader that you would post on this thread before the day is over. Easy money. LOL

I hear several of the larger "pro" firms are closing non-producing offices in '04.

Perhaps just not literally... Careful, Don. You're underlying nature is showing up in this thread.

Thain can't save Spear Leeds specialists. Not after all that has happened...

There will be more "fair" play for the computerized trading backed by hedge funds and IBs. There will be better fills for institutions. Its a matter of who gets the money. This is what happened to the NASDAQ. The NYSE wants volume. They are losing volume to other exchanges. They may...

DON't hand over a deposit check until everything is set up for you. I signed up with a LLC put together by ex-Worldco Traders(these guys are no longer trading btw). I had a written commission and equipment "deal" in writing with them. When my license transferred over, the 19" LCDs I...

forget it. you signed the customer agreement. arbitration is held at a location selected by the BD. so, prepare to visit them on their turf. can you fly for free? your account will be closed at IB, they don't want "problem" customers

Cannot extradite for white collar crimes.

Talk about spinning yarns. every week you get a $100K or more check? You have lost all credibility with that statement.

prop is designed for you to be SELF-employed. institutional ranks have been been thinned by 70% in the last 2 years. any "new" openings will be filled by far more qualified persons than you. in fact I would recommend that you don't list prop firms on your resume.

because behind all the "front" they are looking to train you into becoming a break-even commission machine. prop firms LOVE to exclaim about their "super" traders that make money from trading volume. however, you will rarely hear about the traders who do low-volume, high-profit styles of...

On my very first call to sales. I even spoke to the mgr. who was also very crabby. fyi

You've got to be kidding. No salaries at any prop shops. More like desk fees. Thats equivalent to a negative salary.

I meant I had a rate of .007 not .07 per sh