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Good thread.. I'll bet you look at the long-term successful people options, futures, or stocks (just substitute the word 'pairs' for 'spreads') - most are doing this in some form. There's no free lunch of course, but I too can attest it's the real deal, if you're into consistent gains and a...

How long they been in business too - Echo, Bright, others they been around > 10 yrs that counts for something..

The whole idea of making an intelligent judgement of how sound a daytrader 'prop' firms finances are make no sense to me. Anyone can lie or falsify this anyway. Unless you're an insider running the company, there's no way to know. If Bear Stearns, Merrill Lynch, MF Global, Barings, LTCM, and...

That long post was nuts.. 'not in it for the money' WTF is that about! Emotional fulfillment? If so, get yourself into Gamblers Anonymous..

I judge it by - what risk is the firm putting up. Must have a contribution? You're a customer. No contribution/profit split = contractor. Salary = employee. If you've seen that show Pawn Stars - the guys that run the pawn shop - I'd take one of them over an Ivy League MBA. Young...

THT ain't Goldman. If you have the academic creds - right out of college - I'd go with the Wall St firm over the no salary profit split for several reasons. Nothing against THT - they may be terriffic guys and all.. I don't know how much of a favor they are doing you by putting you on...

Pretty decent website at least - THT.. Too bad so often you need a 'top tier' academic record. Those lucky kids already have options in the job marketplace. I would think especially in chi-town they would downplay the academic record. 'Gotta weed out the recruits for math' I know.. I'm...

sorry - meant Golden Market Management

Anyone who had traded/trades there have any opinions about them?

This is pretty big.. Your prob of success is levered alot more on your vig than people talk about - they're too busy chatting up (and selling) their respective crystal balls. Will certainly tighten spreads too. The only downside is when adding you're always taking the counter-trend...

http://www.mbtrading.com/ Brings their commission down to ($1/100,000) 0.1 pip

Brandon, hit me up if you're interested in possibly doing a JV. I've got a few promising EAs. These are real trading strategies, not the typical EA marketing trickery.

How much do you have to put up?

Bright has a point.. Asking Bright (or GS) to put your automated code on their system without review - given the attention lately on HFT, controversy on flash crash, etc.. - that's not reasonable. Sure, your IP has to be shared, it would with anyone. If your system is that amazing you...

That's only $250/day. Not so unreasonable.. You don't need any more than $5k put up for that.

Hey - do you guys short vol by selling out of money calls and puts simultaneously - then buying them back when vol decreases - or how do you play that?

Seems you could scalp using the future or the spot. This for EUR/USD, not sure about the pound - but, if you need finer granularity than 1 full contract future - you could use the e-mini which is 1/2 the size of the full futures contract or even the e-micro which is approx. 1/10th the full...

I think the stocks, gold, and oil taking their cues from the dollar. A dollar rally during the day has been killing any stock rallies. Those recent S&P rallies was only the result of a weak dollar IMHO. Think were gonna see some profit taking and a bounce back up of the Euro between...

Was thinking about that yes.

Just looking for some future that's highly correlated to the EUR/USD. I have used options, transaction costs too high. I'm fading extreme moves so I tend to double down on losers instead of setting stops. Of course during extreme volatility is when this is very dangerous. Although...