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nowadays the only difference between prop and retail trading is leverage. even if you have enough money to fund a 4:1 retail account and get nice leverage, I would still prefer prop as you can invest your trading capital in some other venture.

50:1 is definetly possible. what's so strange about it?

when I start worrying about my trades it's usually time to call it a day

a couple of good "reality check" articles http://www.trading-lab.com/forums/much_can_expect_make_my_first_year_trading-t116.html http://www.trading-lab.com/forums/surviving_learning_curve-t48.html

have you considered joining a proprietary firm and having your "sponsor" become a class C member of some sort where he puts the money up for you to trade and split the profits? I've seen a few prop shops do this.

there's a nice article on building trading systems here http://www.trading-lab.com/forums/building_trading_systems-t196.html

yes that's it. I don't know what's going on. email notifications are not working for me. anyone else having the same issue?

non-US citizens/residents are exempt from paying capital gains taxes in the US. they SHOULD declare that in their home country, though. regarding dividends, brokers are required to withhold dividend taxes. if you open the account as a non-US citizen/resident, you may get a tax credit in your...

getting into a true prop firm paying a salary is pretty hard these days. this article talks about becoming a proprietary trader http://www.trading-lab.com/forums/s...rader-t133.html hope it helps

Can I just be an unemployed, stay at home husband in the US with a Canadian trading account whose profits I claim as plain old investment income? yes you can. Do I have to be legally able to work in the US to have a US based retail trading account (say with genesis securities)? no you...

there's a whole slew of interesting articles here http://www.trading-lab.com/forums/trading_articles-f61.html

what do you mean by "difference in terms of operation" exactly? in a true prop trading set up, the trader gets paid a salary, a small cut of the profits, and assumes no risk. proprietary trading setups as we all know them (see Echo, Bright, etc) are nothing more than disguised retail accounts...

check out my post in a similar thread http://www.elitetrader.com/vb/showthread.php?s=&postid=1663030#post1663030

two interesting reads for those interested in joining the prop world http://www.trading-lab.com/forums/so_you_want_become_proprietary_trader-t133.html http://www.trading-lab.com/forums/do_become_proprietary_trader-t53.html

this guy has a very good article on joining a prop firm http://www.trading-lab.com/forums/so_you_want_become_proprietary_trader-t133.html

the spreadsheet does not take into account stock betas. how would you factor those in? thanks

what happened? any other trades?

Joetrader, can you give details on how you played that July 19th 2002 SP rebalance? thanks

61 Broadway 3rd Floor 917 344 4647

Hello, 24% of what amount of capital, if I may ask? thanks