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    Is Brokerage a zero risk operation?

    You are right I do not know much about brokerage houses or how they operate, so was curious regarding their operations. I am ok, with getting as much information as i can, not like I am looking to open up a house myself, or can for that matter.
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    Best Discretionary Trading Prop firms

    A well established Prop House - 1) which trades futures - specifically energy. 2) Preferably has exchange membership - Lower the transaction costs, the better. 3) Where there are many other traders making money. 4) Good long term prospects - I would want to scale up, as i make more money - this...
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    Best Discretionary Trading Prop firms

    So.. Quid Pro Quo?
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    Best Discretionary Trading Prop firms

    India. Only one prop which operates here - GHF. Operates under the name Futures First Services Info Pvt Ltd. Not 100% legal to speculate here, its a grey area Half of my cost last year, in opening my own account was legal.
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    Best Discretionary Trading Prop firms

    Look, I do not think it would be wise of me to disclose the name of the firm here. Sure i can send you a PM. I am not looking for a job right now. This guy has helped me, when i was outta the market , and i'd like to help establish his desk is the least i can do. All I need is information...
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    Best Discretionary Trading Prop firms

    startup.
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    Best Discretionary Trading Prop firms

    Off topic : but .. Nope, its not for me only, on the lookout for firms for a couple of other traders too. I dont want to be in a similar situation i was earlier ever again, plus i would like to know about better firms. anything wrong with that? It's hard to find good traders, and firms tend...
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    Best Discretionary Trading Prop firms

    KCG, Hudson River , DRW,SIG .... All i find are quant trading firms or algorithmic trading firms. Does anybody still do manual trades in chicago ,NY, or anywhere in world? Found this firm: Consolidated Trading - anybody have an idea? They seem to be hiring only for trading assistant though...
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    Topsteptrader

    Come on, scaling up is the same everywhere. In your own account too, you need decent capital per lot, before scaling up, otherwise you run the risk of getting blown out. Anyone who has ever traded own account knows that. You cannot hit all your margin money, and put it at stake. generally i...
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    Disclosing Algo/code to your firm

    Is it normal practise to share source code with the house. I have just finished work on my trading algorithm, and they will provide support for me to write the code. I have a job at a Prop here, I wish to keep my core strategies and code to myself, since i consider them my intellectual...
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    Topsteptrader

    ok
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    Best day as prop trader

    you were trading a 10 million$ own account? Must have taken some guts man, hats off.
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    Topsteptrader

    Here is the transcript of my orientation with TST. [8:40:39 PM] me: how much does one have to make in order to build a cushion and have your stop loss increased as senior trader [8:40:55 PM] Conor TopstepTrader: $15k in profits [8:41:12 PM] me: oh so before 15000 USD for a 50k usd combine...
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    Best day as prop trader

    Great, were you trading own money?
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    Buying INR on Interactive Brokers

    No one trades INR here my guess, maybe ask IB?
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    Topsteptrader

    My Bad, I must have misunderstood earlier, or maybe they change rules. Could you maybe please ask MP to clear the air on commissions too. +1 Very nicely put
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    Topsteptrader

    https://www.bigmiketrading.com/vendors-product-reviews/25776-topsteptrader-s-michael-patak-president-ask-me-anything-ask-me-anything.html This is the link to BMT Q&A, ask michael anything thread. the one on ET is dead. this still lives. Ask him on the forum and he would respond to it in...
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    Topsteptrader

    Ask now? better. Clear those terms, lesser confusion
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    Topsteptrader

    ok. gl
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    Topsteptrader

    Please see the BMT Thread with Q&A session with Michael. It is live and you can ask him any question. The scenario you say was definitely the case for 50k combine. He would answer on Monday I guess. Best if Michael answered this himself. 8$/RT, is unheard of, you would bleed trading RT's, but...
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