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True..but at my firm, and I suspect many others, finance is not a prerequisite. You'd be surprised how many Physics geniuses convince themselves that they are smarter than the market and end up imploding because of this hubris.

I agree Steve, thats very high...higher than a Sallie Mae loan if you were to borrow to pay that back...which at one time I was considering. I actually found that getting a Prime Equity Line of credit was much cheaper for that.

One more thing Options Poet/Risk Genius...Something about this site...people spend more time picking apart questions and highlighting selections as you do and copy/pasting them so you and others can harp all over them, to prove they are superior or smarter, or simply more clever than the poster...

Options Poet, what in the world are you talking about? I just thanked you for your advice, sincerely. I guess since this is a forum, it has to be like every other forum out there in cyberspace where there has to be the tough guy who puts the smackdown on me and throws out the staple "this is a...

Thanks for the solid advice guys, I appreciate the time and you brought up some things I hadn't considered.

Thanks for the answer i wasn't looking for. Please, i'm not looking for advice on the wisdom of doing this, but the legality. Let's face it, your 401k is severely limited in what you can invest in, in my circumstances its terrible mutual funds only. Put some of these funds in a regular brokerage...

The thread above should read "Borrowing FROM my 401k", and from what I understand, you can borrow up to 50% of your balance.

Currently employed and considering borrowing my 401k, as I understand that if I'm terminated or resign, I only have 30 days from my termination date to pay back these funds. I've spoken to my custodian of the 401k funds and apparently it's pretty simple provided you are still an employee at your...

I'm currently trading at one of the larger sell side firms with the firm's capital, and also on the side in personal accounts through a discount online brokerage. If I were to trade with a prop firm that requires you to bring your own capital, what kinds of commissions should I expect? How much...

Considering going with a prop firm that requires your own capital, and that does not have a healthcare plan. I realize this is probably the norm. Anyone have any suggestions, rates, plan types or websites for Healthcare plans? It would be for two people only, I do not have any children at the...

Thanks for the heads up about Centurion, I will look into them.

Thanks mce. Do you know of any arrangements that allow for shorter term equity trading, meaning positions that are held anywhere from 3 days to a few weeks? I'm not a day-trader, but mostly trade equities and options on a short term basis. Obviously, the margin attainable must be much less for...

Hey texastink..I tried to email you through the site and received the message "this user does not accept emails through the board." Whats your address or can you turn that option on so that you can receive emails through the board? I appreciate the help! Thanks

I'm an experienced trader who is looking for access to capital and/or margin and is willing to make a capital contribution. Are there any prop trading firms in or around Philly that people are aware of that allow for remote trading, reasonable payouts, etc.? Thanks

I'm an experienced trader who has worked at a prop firm for 7 years. I'm tired of the meager bonuses that we earn (a discretionary bonus based on the firm's overall financial health instead of a % of profits) and need to move to the next level. Does anyone here trade for themselves at a firm...