These days I can't imagine anyone signing something that restrictive. It's a pre-2000 era contract.
I don't know your story, but $25k can get you far with any prop firm, 100% payout, sub .005 comms. Check Genesis, Bright, Echo, Assent, Evo etc.
There comes a level of trading for a lucky few when money stops being the primary focus and becomes a way to keep score. These are $1M+ traders which most of us will never be. Imo someone who needs trading income to pay the bills has a much better chance of success than someone who is...
If money isn't important to you then you will have a tough time ever making it. If you need trading to give you happiness then you are trading for the wrong reasons. Don't fall for the trading phsycology crap. This business is about hitting singles all day long grinding out your edge. You...
The majority of the "very profitable" traders use mental stops because they are watching the book, futures etc to decide where to exit. A % or cent stop doesn't make sense in most situations.
I'm sure it depends on the specialist, and by no means do I think these guys are angels. I was at post 1-J which had pretty thin stocks. His most active was HC which does 800k/day. I still don't understand how they can tell if it's a daytrader. When I send orders through Laser I can use...
Show me proof that they have this. It sounds absurd. In this case, this guy could care less about daytraders. All he cared about was filling the larger orders he was resposible for. He gave me his business card if I have any questions about legallity of trades, rules, etc.
I would love to...