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Don Bright, I'm not being negative, but I'm genuinely curious if you have any reason for recommending that guys go independent from the get go instead of trading a shop like first new york's or schoenfeld's money to start off. Obviously there's a big market for providing leverage, as I'm...

I'm trading my own money b/c I've built up enough to do it comfortably at a high level. And I built it up by trading other peoples money, not putting up 5K. You are telling new guys to put up money and just learn. I WOULD LIKE TO ASK YOU THE SAME QUESTION THOUGH, IF YOU'RE SO SUCCESSFUL...

Correct.... But this is after building up my stack by trading ONLY firm money.

I think you're misunderstanding me.... I'm not talking about 1 million BP.... I'm talking about 25MM intraday BP and that makes a huge difference b/c it's not possible to trade with or even learn how to trade with size like that when you're using your own money. You not only have to have the...

Carolina, When I first started trading in the late 90's, I traded prop in the real sense of the word and took home 40% of what I made and you can probably guess what shop I was with even though I won't mention it up here. Why do you ask would I have taken a 40% payout? Firstly, I was just...

If you're going to work with a company you should always do both a google and FINRA search on the company's owners to see who you're getting in bed with. You can easily go to their website, find their names and do so.

Not a pecimist buddy, have nothing to be pecimistic about. I do live in the real world and consider myself a realist. You should try living here some time. And for your information if your account balance breaches a predetermined downside you absolutely have to put up more money at any of...

How are there terms of a training course????? You pay for the course and that's it.... It's not supposed to have a contract that comes with it.

bstay, I'm not ripping you apart, I'm simply stating that you need to do more research about these places. A training fee should pay for the course and that is all. A prop firm is one where the trader puts down no money, pays the same commission rate as the firm and the firm only makes money...

In a last attempt to try and give you atleast basic knowledge of what's going on..... They can't call it a risk deposit b/c it's illegal. Obviously if your bending regulations you don't call it that. If you're not smart enough to figure that out then I can't help you. Also, it's completely...

An overide is the difference between what a prop shop charges you and what they are paying. For example, any firm with a few traders is paying no more than fifty or sixty cents per thousand shares and probably charging you five or six dollars per thousand. At the end of the month the...

That is a way around it, however if you were to go straight thru hold brothers they would probably require a 7 b/c the principal of the llc still has to be licensed in order to get leveraged higher than four to one. Furthermore, in order to legally get more than four to one leverage you must...

The downside of all of this is that if you take a Training course you probably only get approximately a 50/50 profit split, which is steep for a beginner. The only time that you should be willing to give something like that up is if you're trading somewhere like first new york and they're bank...

The downside of all of this is that if you take a Training course you probably only get approximately a 50/50 profit split, which is steep for a beginner. The only time that you should be willing to give something like that up is if you're trading somewhere like first new york and they're bank...

The downside of all of this is that if you take a Training course you probably only get a 50/50 profit split, which is terrible for a beginner. The only time that you should be willing to give something like that up is if you're trading somewhere like first new york and they're bank rolling you...

Barts, What's your max loss and what type of money are you making on your winning days?

Hey... thanks for the reply, but I'm talking about stuff from someone who is managing a group of trader's point of view. I'm not looking to sign up for a training room, I was thinking about opening one so I recorded a few different ones during the day and watched them at night. I have no...

Most traders who do this "training" during the day DO NOT MAKE MONEY. You are absolutely right in asking this question, even though as in almost all the boards here people just love to jump down your throat. Their are a few big traders that teach intraday, but it's not really teaching. You used...

When reading treat training fees and risk deposits as the same thing b/c they are..... After sampling a few online services with intentions of possibly implementing my own I have come up with these General OPINIONS: You should never pay anyone to teach you anything unless they're putting...

I'm not at all calling these training programs scams in any way, shape or form. None of them, to my knowledge, give any guarantees and I'm sure that they do teach novice traders the basics. I'm simply saying that there is more than likely a cheaper and equally informative way to learn. I...