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I agree the interchangeable nature of the term can cause some confusion.

Arcade is a term used in the UK and Europe. It has not been used in the US very often. Prop. firm is used interchangeably between "true prop" outfits and the exchange business model that Bright, Assent, Hold, Schonfeld, etc use.

You mean a revolving door of neophytes trading 100 share lots paying a desk fee make more for a company than several 100 experienced traders trading 1 to 5 (plus) million shares per month, plus haircut interest. I don't think so.

Don't you think prop. firms have more to gain when their traders succeed?

I don't talk income on an open forum but I support a family of 4. Some strategies are scalable some are not. Why limit yourself to futures? I look for an edge..... any place I can find it.

Of course not. They make their money from commissions. So what. Unlike margin requirements virtually all other markets, stock and bond trading is hobled by very low leverage. The prop. firm allows you to trade with similar leverage that you get in futrures and other markets. I make my...

Props povide leverage to licensed traders. That is far from a scam.

Podimer, Many people trade cvx - xom but it does not fit my perameters. I have a list (that has grown to around 50 pairs) that I have selected by their tendency to jig (slang for trade in a well defined range and move back and forth in price often). I usually always layer in with my max...

They use pair trade finder (software) and have been doing quite well with it. I check in time to time but have not been involved with the discussion and do not use the software. I trade mean reversion a little more discretionary and less mechanical. It is a good thread. Look in the 1st 10 pages...

There is more than one way to make money trading pairs.

A reg T margin account and portfolio margin are 2 different things. Portfolio margin provides more than the standard magin. This gives better capitalized traders more leverage. You should be able to open a reg T margin account with much less than what is require for porfolio margin. This...

You should look into a prop fiim. 50k would give you 1mm + buying power.

The term trader is used with a broad brush. It is different things to different people. Examples of people who are called traders: Execution traders (sit and execute orders all day) Sales traders (sales people who execute orders) Market Makers/Specialists Floor brokers/and locals Many...

Don has posted many of his trades on this site in the opening orders journal for years. He and others post their oo trades almost every day. Bob Bright was listed as one of the 100 top traders in Traders Monthly mag in 2005 and trades every day all day in his late 60's. Their firm is one of the...

3500 posts in 1 year? Do you trade or just post stupid shit on websites all day?

I take an integral approach to trading. High frequency (day trade): YES Swing trade: YES Arb: YES Automation:Limited but looking into it more Long term investing: YES 2 key ingredients for my success over the years: Find an edge and work it until it goes away Study new things...

History repeats itself. In another life many of you burned heritics, started witch hunts, and joined lynch mobs. Now the evil bankers are the reason for all the worlds troubles. I never thought that I would see the day the villagers would revolt over easy low interest money handed to them on a...

Unless they are like my kids..... who like to bang on the keyboard..... :eek:

Those with ( ) and those positive. I did it real fast because I am busy trading. I might be off a few %. In my experience most seasoned prop traders end up at one of a handfull of firms, and this is not one of them. Many people went to Tuco because they could not pass the series 7..... So...

Looks like 77% from this group. Pretty weak showing non the less.