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Guys, I am definitely NOT promoting libelous or false statements about these prop firms. What pisses me off is them making one phone call to get their thread removed from this forum. Yeah, I’m sure there is a lot of disgruntled/blown-up traders that slam their old firm a little too hard...

"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances." How is it that...

The only backtesting I would ever be concerned with is intraday , tick by tick backtesting. And as far as I know, this currently does not exist.

I really don't feel like pouring through hundreds of old threads, so I'll just ask the question: Who is "the Princess" that Hitman keeps referring to in his trading journals? Is she real, or a figment of his imagination? Is he referring to a woman or an unattainable trading goal?:confused...

Excuse me Mr.-activetrader-one-post-Tradestation-maggot, Since when did offering 1.2 cents per share to IB's 1 cent per share mean serious competition? That 0.2 cent differential would be a huge difference in profitablility. Surely you would know, as that you are an "activetraderfor"...

Where is the party picture? I need a good laugh.

Rod, Do you mind sharing with us the name of your prop firm? If not, you can PM me. AXE

An 83% retention rate is very impressive. But of course you know what my next question will be. Of those 250 that survived, how many are currently in the hole, breaking even, or making over $75,000 per year (after commissions/expenses) ???? (I thought I'd ask before someone else did.)...

All jokes aside, Matthew and Vulture both make valid points. You have to harden yourself mentally to "forget about the money". Otherwise your losses will control and paralyze you. On the other hand, you can't get too complacent/numb towards losses. You still have to be able to feel...

Any insight on these top firms' hiring practices? I know their not going to hire any schleppe off of the street, but is this club strictly reserved for Ivy League MBA's with GPA's of 4.0 ???? I think Don Bright touched on that the trading jobs at big brokerages and banks are a thing of the...

That is a solid analysis. :)

Yes, they make huge of $$$ off of commissions. Even the firms that only charge 1 cent a share can make a lot of money because it only costs them 1/2 a cent a share (or less) to clear the trade. If you have an active daytrader trading 1500 share lots, it can equate to over $100,000+ profit a...

Jem, Just curious, what firm are you affiliated with? Are you a manager of an office or an owner of the company?? Thanks AXE

I don't know why you two don't think you'd get 100% of your profits at a prop firm. I know Bright and Echo pay out 100%. WorldCo pays out 96%. And I think Lieber&Weissman's pay out is fairly high. Think about what you're giving away on slippage and extra commission costs. And what about...

Thanks, Don. I hope Gene, Vito, Hitman, and others will also join this discussion. As for whether or not I will "like" the numbers; its irrelevant. All I want is the honest truth. Thanks again. ax:)

I guess that would explain why so few (if any) are willing to "stake" traders.

To all owners and managers of prop firms that frequent this site: What is the retention rate of newbies that have entered your firm/office in the past 12 months? How does that rate compare with the rate in the bubble years? Also, please comment on specific factors of why newbies...

I just don't see how you think you have an "edge" trading futures off floor against locals in the pit. Those are the guys that eventually manually fill your order, and decide whether or not to front-run or take the other side of your order. I just think the odds are stacked against you and...

Jeannette, I thought we had already concluded on another post that you were not real and probably a guru selling a trading system? Well, MY BAD!!! Everything according to that picture looks VERY REAL :D :D !!! Nice work. Axe.:)

LOL:D :D