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It means you would only get $7200 in your pocket if you made $20,000 in trading profits. That's the cost of a firm training you and providing you the capital.

Exactly. It's just a useless prediction and has nothing to do with trading or risk/reward, etc. He wasting our time and potentially harming (and encouraging) any herd followers on this forum that take his advice without their own clear plan and methodology.

Probably because you are playing mr. market guru. Stop trying stroke you ego by telling everyone what gold is going to do. A good trader makes his own decisions and doesn't listen to "newletters" like yours

Kershner Trading in Austin fits your criteria. I just posted my interview experience there: http://www.elitetrader.com/vb/showthread.php?threadid=139945&goto=newpost Also, Swifttrade in Canada and Title Trading also in Canada. Don't know of any others besides Kershner in the U.S.

Well, I haven't been offered the position yet but thanks. Seems like they might be somewhat selective, at least compared to somewhere like Swifttrade. Austin would be a great place to live I agree.

Just thought I'd share my Kershner interview for people looking for a prop firm. Stand up place imo. Extensive interview. Interviewed with HR girl and risk manager guy for over an hour each. Sat with traders and asked questions. Took an hour long battery of tests designed to test your...

Unless you have a delorean and a flux capacitor leave the market calls for all the CNBC commentators and all the other useless overpaid prognosticators. Nobody knows shit for certain. That's why God invented stops.

Just asked that same question in an email to them the other day: We put up all of the capital that the traders use to trade, and take a cut of the profits. The profits are split as follows: Swift Trade takes 17% and the office gets 83%. Now, from this 83%, the office pays the traders. Traders...