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I recently made a nice profit in FTO July 30 calls, then got out near the top, but decided to buy Valero June 65 calls during a pullback. I am losing some profits made from the FTO calls now, friday helped turned things around somewhat though. All these analyst downgrades on VLO have...

Several years ago (2001) I was laid off from a job at an online brokerage firm and was massively in debt and ended up filing for chapter 7. Prior to doing so, I contacted the NASD and they told me that it would not effect my chapter 7 with them, but that each state has a securities...

At least in South Florida you can buy a handgun and get a concealed carry permit, to give yourself at least a chance at self-defense, unlike New York and Chicago.

Yes the bid alone will trigger stop or stop limit order on an option. This is due to the fact that option contracts do not always trade a lot and their pricing is not determined so much by buyers and sellers, as by pricing formulas taking into account the price of the underlying stock...

Sandy are you able to trade successfully with just 10 to 1 leverage?

A couple of buddies of mine are looking to open an office there, PM me if you are interested in their contact info.

I believe that group in southfield under Generic is a strictly retail operation (an old All-Tech group). They were basically a group of guys trading their own money, not really offering the usual prop leverage. Also last December Generic was not able to hold licenses for traders based in...

Has anyone heard of any prop firms planning on opening an office in the Detroit Metro Area anytime soon?

Re reading your response it is so obvious to me that you really do not have even the slightest idea what anyone here is even talking about. Are you still in high school or something? The vast majority of prop traders who are successful started with a lot less money and gradually built their...

You are clearly clueless....and obviously know nothing about the prop trading world. So let me inform you...Yes some traders do actually build their accounts up from $5000 with their profits...it happens...why do you think that so many prop firms let guys in with 10k. You are obviously too...

The idea is not ridiculous...as was discussed earlier any unproven trader should not be in a position that large!!! Just because a prop firm gives someone $200k to $300k does not mean that they should use it!!! Trading 200 share positions of say $50 stocks would only use $10k of capital per...

It seems that part of the answer to this question rest with what and how you plan to trade. I gave my answer based on my experiences at equity prop trading firms. Firms that take licensed traders or get them series 7 and 55 licensed and give them 200k to 300k to trade with. In most of these...

5k is enough to begin trading at a decent prop firm. Obviously the key is to start trading small until you learn to trade!! Just because a firm gives you $200k in buying power does not mean that you should use it. Any prop firm with decent risk management should not allow you to lose too much...

Well hopefully the charts are better than the ones on Assent's Hammer software!!!

I would like to hear someone's evaluation of the proprietary Carlin execution and quotation software used by Generic trading and the firms which clear through them. Is the charting any good?

You might look into the Generic/Carlin office in Boca Raton, I think that Barkley trading has an office in Boca Raton also (they do not have a website, but do have ads on monsterboard PM me if you want their e-mail address) also Redwood has an office in Fort Lauderdale. I know that Barkley...

Someone from one of the Assent offices is New York offered me a remote deal for only 5K.

Doesen't Bright require a $15,000 deposit and Echo a $10,000 deposit? Some of the ex-Worldco guys that I know stand to lose so much that they currently had tied up at Worldco that they might not be able to immediately come up with those sums. They may have to go to firms which require no...

It would seem that as more and more prop firms are offering remote trading opportunities for licensed traders and requiring smaller initial deposits for remote traders than just a few years ago, firms such as Worldco which focused their business around large and expensive offices might be at a...

As a former Worldco trader I am very shocked about their current situation. It's one thing to downsize and get rid of traders who are losing money, but bankruptcy for a firm of that size is pretty shocking, at least to me. This makes me wonder if their downfall has more to do with bad...