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Chuck Norris saw 'Elliot Wave', and he killed him.

I'll give you the same advice I just gave a guy in your shoes that just PMed me --> Find a mentor. Somehow, someway, at any firm, in any city, find a guy who knows what he is doing and buy him Starbucks every morning, wash his car, buy him lunch, whatever, to get the opportunity to sit next to...

Goctha... The real job props with the fun interview questions. With my stage in life I only look at the props that take anyone with $10K and a heartbeat.

Hard, yes. Very... Unless you figure it out and "Get it." Then it becomes very fun and financially rewarding, albeit still hard. Not horrific way to make money in my opinion, quite the opposite. It's what I do everyday, I should know. Semi-off topic, lately when I get bored I peruse this...

Those are much bigger swings than I take, what's a typical starting deposit with a firm like yours? Are these firms all the real job type or do they bring in traders with capital? Not looking, just curious how those operate, many names I have not heard of.

As you said, for the edge. Futures you have to be right (at least I had to be). Stocks and a calculated edge, I don't have to be right, just know what I am doing. And the universe of what we can trade is so much larger. I tried futures, don't miss it at all even though overall I made money...

You retail guys and your percentages. :) Here's the real and butally honest path that many here have done: Get $10K and have 6 months living expenses in the bank, call Bright, Echo, and Assent, find out which one will give you the best mentorship, learn how to trade, then when you know how...

Am I missing something here? When I hear prop I think three places, Bright, Echo, & Assent. Am I reading what he is asking wrong?

It's pretty amazing that they have to enforce quotas to get analysts to stop putting out so many buy ratings. In one sense I am glad they are semi-acknowledging how ridiculously long biased the rating system is, on the other hand does anyone here really trust a rating anyways as we all know how...

I agree, and I'm short. Hope we're right.

Oh, poor unenlightened one, if you only knew... Stick to your futures, in a few years you can scrub our toilets for us, we stock traders tip very well, we can afford it. :eek:

60% of the time that is right everytime! :D

Clearing Merrill Lynch, using Sterling & Bloomberg, blah blah blah. Sounds like you guys are trying to be a new copy of Echotrade. You copied Echo on all except your traders can pay $1000 a month to not have to get a Series 7. I took the series 7, it wasn't that tough, I don't know why guys...

Futures may have less regulation but from my experience with them they are a lot harder to make a consistent income from than stocks. I personally would tell all new traders to go with stocks instead of futures just because they are so much easier to find an edge. Futures kick your a-- if you...

That's an awesome name for the campaign! Love it!!! :D

I have a major pet peeve, I cannot believe how many people are using "Loose" when "Lose" should be used. Since it is very common here to say so and so "loses money" (NOT 'LOOSES MONEY') or I had a "Losing Day" (NOT LOOSING DAY!), I thought it appropriate that we have a little class on the...

You are correct, I should have specified I was only referring to trading firms - broker/dealers. I know hedge funds have some way around that but am not versed on what they do. But have also heard like TM that they soon will be under scrutiny.

The SEC is not the one doing the audits, it is the regulatory department of the exchange the firm is registered with. The firm as well as their clearing firm has to report any capital deficiencies daily, the firm must file their books with the exchange auditors monthly, each year they are...

I agree they caused both bubbles, and no I don't want more regulation. You are arguing for less regulation not wanting to play by the current rules, I am saying the current rules are pretty easy to play by and offer a lot of security and peace of mind for my money. I do not want more...

Your statement is 100% false. Being with an exchange member firm (ie: using the 7) forces their books open to the SEC and exchange regulators on a daily basis, forces them to undergo a minimum of two full audits a year, and tells you your money is being handled appropriately. You get none of...