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Leland, I forgot to say we trade Nasdaqs only.

Leland and doz. I trade with Andover. Yes, a million shares a day. When the market picks up it will be two mill for them, and I want to get up to about a half million if the market picks up. Andover and Hold Brothers both have quite a few scalpers that do my type of volume. It is easy to...

My .02 I am 26, have a bs finance, bs management. Was lucky to have many job offers out of school, varying from consulting to financial planning to broker. Took the lowest salary offer given to me, hiked my pants up and jumped into trading at a prop firm. Been trading 1 yr 2 months. In my...

All the base salaries I have seen have been around 2000 a month, give or take a bit. But I am on the west coast, it might be more back east.

Props are treated poorly because they are contracted and the way you get your payout spread out over months lets the company know that they have you by the balls. Customers can leave for greener pastures if they want, so Hold bends over for them. Realize that I am talking about high volume in...

I threw in the towel also. I am no longer with hold brothers. They have far too many problems with the way they treat their props vs their customers, and other problems which I can't discuss here. I can't really say anything about why I left or where I am now, but Hold brothers burnt their...

Graybox, what I fine system some days and a big pile of crap on others. 95% of the time it works great, then those 5% take away all you worked for. Yes, the alt 1 function can get you 6000 shares if you only want 1000 because it will send out 1000 share orders to all 6 ecns at the same time...

Prop, The training is as good as anywhere. You get guidance, then it is all on you to be disciplined and learn. Get around the big guys and watch what they do and mimic it. Succesful traders can create successful traders. Be open to scrutiny when you screw up, and remember it because those are...

yes, prop traders pay more than customers of similar ability and trade volume. At certain breakpoints it gets close, but I know of no prop traders who are getting better rates than customers. The firm put up its capital and therfore risk, the prop pays more for the peace of mind of not losing...

You guys both have valid points. Actually, traders have complained for months about the Smart order system not working the way it should, the way you describe it. They keep saying it is being worked on. Klaorman, the process I described can be prone to errors. I can manage the keys very well...

Sorry for all the typos above, I am getting tired and rushing.

MJT and Klaorman: I am going to try to help a bit. First of all, Hold tech guys are tech guys, they don't understand trading no matter what they try to tell you. You will always get a better answer from a trader, and the techs will always tell you that it looks Ok on theie end. Your quote...

Robert, I apologize, you are absolutely correct. I misread his thread. I thought it was disadvantages of proprietary firms. Disclaimer: I misread the thread title, and posted referring only to disadvantages of propriatary trading. I am sorry for my screw up and meant no ill effects on...

Hitman: I saw a post back a few pages where you said you work 16 hour days. That is like a real job. I thought daytrading was designed for those of us who don't want real jobs, those who like to go trade the open, go golf and come back and trade the close. That is way too much work if trading...

Disadvantages: No SOES, until Supersoes Higher commission rates vs. customers. profit split with company And I feel this is the worst: No Freedom you get locked into contracts, some with real poor payout times, for example, getting a months pay spread out over the next two years...

Klaorman, I often get overfilled the other direction, but with bullets, it is seldom a problem. Blasting gets me as many shares as I can get, I don't often look for a certain amount of shares. When I want it, I want it. Hitman, Thank you, but the 200K on commisions is actually a sour note...

Klaorman, I meant to direct the above post to yourself, I was thinking.

MJT Graybox cme out last year, and I started on it in September. It was called Otrade at first, the name has since been changed. We have the REDI and ARCAs set up for fill or kill, or to preference, and soon, one server will be set up for ready to work just like isld, where you can go out and...

VVV, Hitman is right. The prop firms make money with the commissions. At Hold, Prop traders have several different options on payouts with a top of 98%, a low of 30%. It depends on what commisions you want to pay. prop traders on general pay more than customers. I have paid over $200,000 in...

MJT and KM, I trade for hold onsite and the problems you are experiencing hit home to a point. I have been on Graybox since its inception and I also had alot of the problems you are experiencing at first, like the windows not saving, redi books not working, quotes bursting. The bugs seem to be...