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Ugly f'king cover. Looks like one of those 80's high school photo backdrops.

So any reason why you trade intraday only? If you don't have time to focus on the very short-term, why not choose a time-frame where not looking at every tick actually serves as an advantage? If you can't read the tape there is really no point for u to daytrade. Period.

Neke, how much time during the day do you actually spend in front of your screen focusing on the quotes? Don't you also have a day job? TD ameritrade + intraday time-frame + fulltime job seems a recipe for failure. Seriously, how many trades do you end up just holding all day until you...

I know some of you guys write articles for SA. No offense, but how does this stuff make it onto Yahoo Finance headlines? What are the qualifications to get published on SA?

In this example, the actual spread will be more like 1 x 6; once the program senses someone wants to get filled say 1k at 4, the market instantly goes 4 x 6 once the initial 100 or so shares are taken, and forces the buyer to pay up for the rest. The adverse fill is only temporary.

Neke's been doing the same trades for quite some time now. Somehow every once and a while, you'll see him adding to losers continuously until an outsized loss results. The simple remedy is just to stop adding to losers. But the problem I'm guessing with Neke is that averaging down until a...

What does it matter if the retail losses were incurred in the same year? You would have needed to elect MTM before April of that year to convert the losses to offset with the K-1, yes?

Leverage can provide fast scaling if you know what you're doing. I'm sure the better traders in the firm could start with 5k and end up 500k+ with no more than 20:1 leverage throughout. Right Don? On another note, leaving 200k in a prop firm to make 100k sounds kinda insane. :)

I agree 99% with the ZH article. There is no stock "market" out there anymore. They've left "price discovery" on individual stocks out to dry with the hft's while the futures arbs settle the rest on 0 tape. The 5 daytrading "techniques" outlined in the article were marked for death years ago...

You want to know what trading stocks will be like for someone just starting out in today's market? Playing against 8 computer programs that can see your hole cards.

I always tell people who ask what I do is more like playing poker for a living, just to convey what a hermetic world individual trading has become. Just you vs them, zero sum. But the similarities pretty much end with that.

I am a pretty much bare bones trader; give me level 2, time and sales, a few scanners and I'm good to go. There are some aspects to the scanners which IB doesn't have; beyond that, when you are talking about the pure technicals of the platform, I think LS is just much more intuitive visually vs...

Ok thanks for the info. I do have an IB account concurrent with my prop; if I have to adapt again, I will. But right now there are just things that are alot easier to see and execute on a lightspeed platform vs TWS.

I have to agree with your view on where the industry is headed. Cutting rates to the bone but taking a chunk of a trader's p/l, that's probably the worst proposition for me as a low volume trader but seems to be the only future route. But giving up even 10% of P/L for the same leverage just...

It wasn't that long a thread :). I never said you were giving bad info. I just questioned the idea of a "perfect prop" from a trader's standpoint and if could survive given this low volume market. To me a perfect prop is just leverage + low rates and open access to your own money- is this...

Dude, i asked a couple serious questions about how the prop model stays in business in this kind of market, and I get told I don't know what kind of world I've been trading in? That, LOL, it isn't about scalping some stupid Internet stocks? I'm not the one giving off an attitude to begin with...

Mav, weren't you the one who started a thread about how 99:1 payouts were finished? And you've always had a number of good discussions with dear Don Bright on the state of the prop world in general. Now you're telling me that in this thread alone that prop refers to holier-than-thou firms that...

Your thread asked a bunch of anonymous individual traders in a public forum what their "idea of a perfect prop firm" was. I get the feeling you posted your question in the wrong site lol. Now you try to swing the attitude that a prop firm = market maker/market neutral/yet not a hedge fund...

Maybe it's me, and I just don't understand the point of "prop for hire" in the first place. If you know how to trade, why do you need to get hired? If you know how to trade, why do you need backing? If you know how to trade, why quit trading, in order to run a prop firm? If you DON'T...

I trade at a deposit/full payout (almost) firm. The guys are honest first and foremost, they'll give you leverage if they think you know how to use it, and you have pretty much free access to your capital. All you can really ask for in a prop firm. Yet sometimes I really wonder how they...