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keep it reasonable :confused:

haha :D

since trading is gambling, there is big money in sports betting also. I know 2 gentleman who earn their living betting on sports. Ex poker guys switched over to sports betting, it is the same thing as trading -look for inefficiencies that have not been priced into the game or equity and take a...

I agree. I would say most Americans whatever socioeconomic level enjoy sports. Just watch any game on tv and you will see ex-presidents, celebs cheering on their team as well a blue collar man as well. Sports are entertainment no different then the chariot races in Ancient Rome. I do not...

I think we all need to watch the Movie Easy Rider to figure out what to do. But imho do not put your total self worth into your career. Give it 100% effort and try your best, but as a human being happy requires balance in life so experience as much as you can and when your work is over, do...

ETC clearing, I believe has the lowest capital requirement. Wedbush Morgan has the dead low commissions and overall best deals around for clearing firms, but they will not allow you to mark up commissions so this will not work for the broker/dealer model prop model.

Yes, put trading down as employment history as employers hate to see huge gaps of not employment activity to confirm your prior trading activity you can do the following: 1. use the prop firm llc's compliance manager to confirm your dates of time trading. (contact the compliance...

property taxes are brutal in Cook country which makes it harder for one to get approved for a loan as the taxes are such a large annual amount or monthly expense (if escrowed into your mortgage payment) proprty taxes will be going up, HOA fees in condos and lofts will be going up and property...

that is a ton of leverage for a 5k account! holy cow

Don, what year did it snow like in Vegas? Was that 2008 Xmas?

I traded on a prop firm floor and it was on, but on slient. the ES pit was on the speakers etc and trade the news as well. I typically will watch some of intraday if a story grabs my attention but I do not take trades from CNBC I hav seen Cramer several times move stocks intraday with a...

yes they will. they can see where all orders are at and the # of shares you have sitting on the bid/ask. The algo HFT bots will drive the price down out of no where and will snap up all your shares as they short it and then close out the short side of the trade. HFT algos can see every...

Brandon, you are going to get much more information using the search engine tool and reading through threads then making a long post with random rants and raves. so my words of wisdom; search, read, search again, and more reading. Call some prop firms, then make a short straight to the...

my worst day ever was oct 1 2009. I was long alot of BNI an AAPL and went on tilt.

Of course there will be stips included, I trade FAS/DTO/OIH all day long all the time. Id love to trade ETFs commission free. I assume they do not allow or 2x or 3x ETFs as well (plus never hold 2x or 3x ETFs) overnight as well!

after trading you will soon realize how important order execution really is. what ECN's to remove or provide liquidity is huge. Each ECN pays or cost a different amount etc

Ive seen it first hand though with a good friend/colleague of mine. the process was a breeze. A basic contract, wiring instructions and the trader was live within a week and has taken withdraws as well. also I am not going to name firm names etc

fyi, this thread is a carry over from Mav's thread

Yes I see your point but I would not rely on the SEC or any financial organization to really run a tight ship. Look at Madoff, other ponzi schemes, all kinds of insider trading issues, bond rating agencies, Now SAC Capital as of recent is in trouble. We can go on and on how financial...

Yes. I thought I submitted a response to your post in that thread, but I guess it never posted.