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Sniper: I trade at Worldco, and if I survive I will eventually seek a contract for a trading desk. I absolutely love my firm despite of its flaws mentioned above versus Echo. Sure I am not aware of any broker that ALL of its clients lost ALL of their money, big deal, can you say...

Sniper: YOu don't have to be a rocket scientist to figure out that some guy in his slippers starting out with a 15K IB account will take a lot longer to go profitable and making substantial money than some guy who starts out at Worldco and trades firm's money and get something like 1500...

I am very sure there are many retail brokers who blew up too and took its client's money with it, what's your point? Besides, at Worldco NONE OF YOUR MONEY IS ON THE LINE, that's right, NONE in the beginning. Even if for some unthinkable reason the firm blows up, what do you have to lose...

Turok: I am 21. Instead of trying to act like some senior citizen about the good old days, give me one SOLID argument on my statement below: For anyone who CAN trade at a professional firm like Worldco and NOT giving it a shot, if you are just starting out as a newbie and...

Well in my situation, I trade with Worldco, I started with $1000 and lost $4500 before I turned it around (some traders go into firm capital by as much as $20K+ before they turn it around). Half of each one of my checks goes into my capital account until I reach 35K, which is my money and built...

Although I do like to point out that at my firm the size of the trader is usually easily seen by the number of his monitors. The size guys don't have less than 4. Also I wonder what's the big deal about screen set-up's, this is a completely personal thing and you should do what you are...

Sniper: Keep in mind some of those prop. firms gives you trading capital and eat your losses while providing very reasonable payout / commission rates, a luxury most newbies don't have. Crazy Trader: True, but it doesn't mean the mm won't spread the stock a few points . . ...

I will send you mine, 4 monitors set-up on Monday.

The firm will sponsor it. It is a pure cram exam and study you will pass. One good book will do, your sponsor will have some recommendations. It took me 2 and 1/2 weeks, good luck :-)

Turok: It takes a lot more than talk to get into those lucrative positions. Sometimes I feel like we at home traders are more or less, Robinhoods, trying to take money out of the hands of institutional traders, specialists and market makers. For anyone to get into either one of those...

Candletrader: You are still ahead of 99.9% of the people who ever attempted this profession, and way above average for those who are profitable. This is how I would rank profitable trader's ability scores, whatever means neccessary (swing/intraday/options/futures). Keep in mind...

JB: Thanks for the post, but for me it is the end result that matters and it takes tremendous skill and endurance to manage the size of someone like Trader A. Even if his/her expenses are half of what they made he/her will still end up with more profit in one year than all other 3...

It is just a summer month, I can't really say whether this month was better than last, although my numbers picked up I think I am just adapting to this market environment. Taking quick profits not expecting huge moves helped me a lot. Avoiding dead zone / afternoon churning also worked...

Turok: First of all when you are trading someone else's money there are certain rules you have to work with. I have built a capital account at my firm and I can do whatever the hell I want. Had I kept on trading it would have been no problem, the call was for those with negative caps...

Very nervous day and I again struggled off the open, unable to hit the early lay-ups and couldn't shake off the effect of yesterday's blown out. Fortunately the bottompick plays in small potato stocks saved my day as I avoided back-to-back down days. That said, with two games left in the...

The specialist did what he had to do. I was just too stupid and totally underestimated how much can 300 shares hurt.

Ouch, never would I imagine 300 shares can ruin an entire game, and it did, in spades. One touch of death blow in the hand of DST and I never recovered from that, couldn't keep my composure and churned myself into a deeper hole but managed to make some ground during the final hour, finished...

Black gold, that is what today's game was about. While my execution in the afternoon wasn't that hot, I really liked the way I handled pressure after I went 3 for 11 in the morning and down $300 by 11AM . . . I was able to keep my composure and came back with one connected shot thanks to a...

Qwik: Boca was great, but I think New York is better for my situation. Florida is better in my opinion when I am older, or when I have someone to move down there with. To give up my entire social circle in New York to move down to Boca alone is a little unrealistic at this point, but...

Solid game as I was able to shake out the vacation rust early and played well with conservative size. 6600 shares on 4 of 8 shooting, +901 before commissions, +617 after, 2 bullets. Pre-Market: Heavy news, mixed earnings in energy/technology sector, quite a few UTY downgrades and I should...