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why do you think that there is a 95% failure rate at prop firms? It sounds to me like you are bitter maybe you failed as a trader yourself? Sure we lost a few after the easy money market was over........ But out of the rest of us over the past couple of years in a tough market are making...

Suggestion to other guys thinking about prop trading: LOOK AROUND! Don't fall for the easy "retail" path since they virtually hire anyone who has money. Look for firms that actually INTERVIEW you and offer fertile trading environments. I work at one of those firms and I have to give up a...

Why are there so many negative and angry posts directed at Don Bright and the proprietary business model? Trading at a Prop. firm is not for everyone. Day trading is not for every one. But it is a good way to make a living for many. Trading at a prop. firm gives us tax advantages, low...

There are several Prop. firms that allow you to trade firm capital. I trade next to people from all backgrounds in a prop. firm similar to yours. The fact that you went to Princeton means jack in this industry, its all about profitability.. Good luck in your trading and take the chip off...

I am a proprietary trader. I enjoy the freedom that it provides. When looking at firms be sure to go to the one with high pay outs and low commissions. Do not go to a firm that requires you to sign a contract that binds you to the firm..... Good luck

If you want to scalp go to a prop. firm. Find the one with the lowest commissions. In a market like this it is a good strategy. Don't listen to all of the negative posts, I scalp, I make a good living, and I have only had one down month in 16 months........ It is a good way to...

the firms that I put in the last post did not show up. Worldco, Andover, ETG, Bright, Echotrade.

look up these firms<worldco, ETG, Bright trading, Andover> Each has a different business model some require capital contributions some do not. A couple of these firms have offices in Scottsdale (close to you) When you start get a part time job to pay the rent. plan to stick with it 2...

Are there any US prop. firms with an office overseas?

How would day traders hurt Golmans rep?

Sounds like your trading is not going very well............

Great post trader99!

Why would I trade in NY when I can live in Fl. with no state income taxes.............. For those of you who are overly cynical or just pretentious, open your mind and reconsider equity prop firms. You can live up north in the summer, and sunny Fl in the winter. YOu can take off a couple...

Don, Your right. "small prop. firms" was the wrong phrase. Axe hawk, I am not going to shamelessly promote myself, if you detected a bit of resentment in my post you are mistaken. I simply call it like I see it. As far as settling down, you are probably right I think that I will...

Don, I have heard you use the term pairs trading. What is that exactly?

A good firm deserves a premium to a certain extent. However, last year alone I would have made 100k more with those commission rates. In a slow market like this commissions mean a lot. I asked the question because I am skeptical. I understand how a firm that clears their own trades, like...

Sometimes the best action is inaction. In dull markets trading in the afternoon is tricky. Simply not doing anything was the hardest thing for me to grasp we are raised to believe that the harder you work the more money you will make (in most industies that is true). THIS DOES NOT APPLY...

With the advent of NX, listed stocks can be great for scalping (up to 1000 shares). Look for volume in a stock that moves 2 - 3 points a day.

I heard that Andover is charging .005 cents per share. Can any one verify this rumor?

I heard that andover is charging .005 cents per share now. Does anyone know if this rumor is true?