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Here are a few links you may consider: www.hedgefundemployment.com www.efinancialcareers.com Another suggestion is to get properly educated on the markets by paying for a professional training course, especially since you posted that you let the "market be your mentor." And then after...

KINGOFSHORTS, You can read about it here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=181202

DarkTrades, Here's a link found on many threads. It will help in your due diligence process. http://www.tradersnarrative.com/list-of-proprietary-trading-firms-735.html Experiences are subjective, so one may be trading with "Firm A" for specific reasons and another may be trading at...

Why not ask FINRA directly? Here is the link: https://finra.atgnow.com/finra/askExpert.do And here is the CBSX help desk phone number: 1-866-458-CBSX

Perhaps this will help: Most of the "prop" firms take in capital contributions from the trader. The minimums vary, but the least I have seen is around 3k, most are 5k, and some are around 10k-20k. Although the prop firm gives buying power, the trader takes ALL THE RISK of loss, as any...

oops! you're right, didn't see the date of the original post. oh well, hope park53 eventually found a good deal. :D

park53: Here are TWO main questions for you to consider as a new trader: What is my trading plan? (Example: type of stocks you will trade, the share size, daily drawdown limit, maximum buying power you will put in per trade, time of day you will trade, etc). How will I define and...

How about this scenario in the 80/20 payout model: Month 1: Trader loses 5k, hence the 20k capital contribution lowers to 15k (5k loss to the trader, zero loss to Bright) Month 2: Trader MAKES 5k, hence the capital back to original 20k Does Bright get the carry forward of 20% of the 5k...

Ok that makes sense. Here's a link on prop firms which you may find helpful. A bit outdated, but still worth a look... http://www.tradersnarrative.com/list-of-proprietary-trading-firms-735.html

There is nothing "unsafe" about paying a deposit/fee for tuition if you are getting education. Paying 5k to get 100k in buying power is available at many prop firms, but you usually have to become "registered" as a member. What makes it a concern is when a firm commingles a deposit for...

BNX: 1. SEC Rule 15c3 describes net capital rules for broker-dealers, and apparently requires the CBSX firms to lock up capital contributions for one year. 2. Payouts vary by firms, and some will let you withdraw once a month, whereas others will let you withdraw bi-weekly. 3. How do...

Michael Parness, who wrote a book called "Power Trading, Power Living", addresses this very subject, and here is the quote: "Even though there are times when a trend continues right on through lunch and beyond, to me, it's just not worth taking the risk. I've experienced too many instances...

As long as you stick to the higher volume ETF's and remember that you can't trade more than four times (buy and sell) in a rolling five day period, or you'll be considered a PDT (Pattern Day Trader), which requires a $25,000 margin account as a retail trader. Best of luck.

ProTrendQuest quote: "Any idea what SEC rule requires CBSX BDs to place a one-year lock up on capital contributions / risk deposits?" ____________________________________________________ That's a great question. There was a post by "cstfx" on another thread regarding this rule and it...

Actually, hedge funds do not require traders to contribute capital, that's the risk of the outside investors who are "accredited" and can absorb the risk of loss. Regarding Don's comment above, I don't think there is anyone on this planet that can "force" the mighty Goldman into "getting...

You're probably correct, "why would they stay away from such regulation in the long run?" I would not be surprised if there is eventually some type of uniform standard among all the prop firms who currently require capital contributions from its traders. Perhaps the SEC only wants the...

propseeker: Go to the SEC.gov site and pull up the .pdf of the most recent "focus report" under the search engine. You simply have to type in the name of the firm. Here is the link for your convenience: http://sec.gov/search/search.htm If the firm doesn't have the latest focus...

Currently, CBSX firm members do not require a series 7 license to trade, only the standard FBI background check and U4 filing. SEC requires a one year lock-up on capital contributions, as many of the CBSX firms are highly levered. That's why firms can get traders started for much less of a...

Based on Don's comment that it's end of year, then your scenario would be as follows: Scene 1: 1st month. If you made 10k, then you would have a liability to Bright for 2k, which could be added/deleted based on your following month's p&l. So Bright could also "lose" its cut of 20% if you...

Interesting. Solaris Securities was the broker for Team Trading. And if you read the Team Trading thread, then you know it has ties to Charles Vaccaro. And if you read about Charles Vaccaro, then you should get your answer.