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Using a lot of leverage for arbitrage can be dangerous. First, if it is a true arb position where the two sides are exchangable for each other then there is little capital requirement. If it is a risk arbitrage position (i.e. takeovers, etc.) then you have a lot more risk than you are...

I think Zone trading has an office there. Or did. or somewhere in the Caribbean

I have friends at ETG as I used to be a trader there. They tell me that ETG is giving them this service if you are in an office for free for now and working on getting it for all their traders, both customers and prop including remote. Why is this service so dependant on this Ogg guy? I...

Show me a good loser and I'll show you a loser.

I agree on the type of person to look for. As someone once said, "It's what I learned after 'I knew it all' that made me a success."

When you look for a training program, look for a trainer who is willing to answer questions and more importantly, can ask YOU the right questions. A trainer who tells you what to do is worthless. He must lead you along the path of self-discovery. The guy who trained me at ETG in...

INDAHOOK is right. Simply because I KNOW I can. I was prepared to do whatever it took and I had basic talent along the lines of trading. To go into an endevour such as trading thinking that you won't be successful is self defeating. Look at all the successful traders who are no smarter...

The best place to trade is where ever I am!

I knew we were in agreement. Too often, on these boards especially, if we (me included) just took the time to listen (or read carefully) to what is being said instead of preparing an attack, we might actually all agree. Trading is too hard to learn. While the basics of trading rules and...

You missed the point. First, though to address your point, I agree that a trader who goes into this thinking about his losses will be a loser. A winner does not worry about his loss percentage because he is a winner not a loser. My point was that training a trader is not something that can...

One of the paid advertisers said you get what you pay for. Just because you pay a fee does not mean you get value nor does getting something for free mean you got nothing of value. Often, the cost is not measured in dollars. I was trained in this business for "free". I went through a major...

What is World B. Free doing these days? He could shoot!

As far as I know, the top rate anybody pays there is $0.01 per share all inclusive of ECNs etc. They get retroactive rebates based on volume. Payout is 75-80-85% based on tiers. Not sure where the break points are. The deal for a trainee may be different.

The original Gold Coast is the North SHore of Long Island where the Great Gatsby once plied his trade. I think Nelson DeMille even wrote a book about it.

ETG has a big office in Atlanta and a big training program there. They are a class organization that purposely stays under the radar so to speak. They just doubled in size by buying ProTrader. Bob K just retired as CEO and the new CEO is a guy named Jeff who used to be my office manager in...

Boring.....

How can you be an unlicensed proprietary trader?

The rumor I heard was that Jay Amore had made a terrible trade and buried it among various customer accounts over which he had discretion by splitting it up and putting some of the loss in various accounts. Also that he is not even registered even though he is the CEO. These are serious...

Tradesports is an excellent site. That bet does seem like a good do. I think there is more than a 1 in 25 chance.

PnL was correct except he left out the one thing to do as a Prop trader or any trader, MAKE MONEY. Seriously, just "find a way". Don't give up. If you truly want to you can.