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Jeff: Trading for a living would be a dream come true. Very few can do it, that's why I take great pride in what I do (well except my down days lol). Yes, there is a real possibility that I can get blown out, no problem, I will turn 22 this September and I can still find something else...

Wall Street Versus Main Street: Easy choice, take the offer from Morgan Stanley. You can get a job as a prep trader at any time you want, but if you work as an assistant for a few years and get promoted to a real trader, you will have a HUGE edge over 99.9% of the trading community. Of...

She is married to a law school student, ouch, talk about a couple for bringing home the green stuff . . .

This post will be off topic, but I guess it is a good way to illustrate how playing on a good team is a big advantage. TraderRX: First of all, while she answers my questions she doesn't really call stuff out, so there is no way to follow her step by step lol. She is extremely...

Andrasnm: When the firm is giving you trading capital and a high payout rate they HAVE TO make their money off commissions. I don't think anyone at my firm get rebate's, I wonder what's the industry rate. As far as overhead, this morning a very good trader (she is absolutely...

Janko: Never ever jump into a business like this giving yourself a tight deadline ("I must make money in 3 months"), it is a recipe guaranteed for failure. You need, realistically, at least a year's worth of living expenses, you do not want to cheat yourself out of a potential dream...

>Poor equipment I don't know, I have 3 monitors and I think my equipment gets the job done. >pooor management Disagree, while it is no charity, this management really helps struggling traders. I have seen traders in deep holes getting special checks so they can cover their living...

>I did notice that I can schedule my trading hours (and days) so your firm can coordinate with the assigned mentor. Believe me, the word "mentor" is nothing more than the guarantee that in your area there will be a senior trader, whether he is willing to teach you is completely up to him...

Airspeed: 100K will get you . . . 200K purchasing power with 2 : 1 margin, assuming the average share price is $50, that's 4000 shares, a far cry from the 1500 shares, 12 positions limit I have . . . and trust me serious traders at my firm trade bigger than that in a single position...

In my opinion, there is NO advantage of trading at home whatsoever with the exception of "comfort zone" . . . As a matter of fact, there is no way I could have made my progress without working for a firm. I started my job with $3 tickets (the one time fee you have to pay for each stock each...

Unfortunately, I have never read a good book on NYSE tape reading, and it is too bad, because this is absolutely the most important skill to have. A list of things you want to be pay attention to (besides the obvious uptick BID / offer stepping down's) : 1) Stocks rarely go straight up or...

One more thing, the firm is not stupid, they require you to eventually have 35K in your firm capital account (which is your money, you can still withdraw it), every check I get, 50% is taken out of it and stored in the firm capital account until I have the full 35K. I was getting there early...

Commissions, commissions, commissions . . . YTD, I have generated a gross of 75K, yet my P&L after commissions is $36K, that's nearly 40K's worth of commissions they made from me alone, and I am a small potato compared to bigger traders. It is very common for my firm to offer its top...

First of all I work for http://www.worldcollc.com so I may be biased, but it is not even a contest. I can see a very experienced day trader wanting to work at the comfort of home but for new traders you gotta go LLC (unless you are the lucky few who can work for a big firm's trading desk...

Actually, given the way market has been slow and choppy I think a lot of the stocks are nearly untradable. WMT used to be a free point for me every day back in March, it almost felt like they changed specialist in April as I started to lose money in it every day . . . I find it to be more...