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Agreed. And even if you do trade your own money at home your still paying commissions on your trades. they are ust going to a broker instead of a prop firm.

A trader can be down $3000 in his account for a month. But the firm can be up on him $3000. If the trader took $3000 out of the market that month but his commissions are $6000. The trader will have to take another $3000 out of the market plus more commissions before he will be cut a...

in that scenario you can say that..but the firm is looking to train guys enough to be positive before commission. For example lets say the trader makes $200 in a day before commissions. But the trader has traded enough volume that day to where his commissions were $600. Then then the...

For example, the trader can lose $200 in a day before commissions. But lets say his commissions for that day are an additional $400. That means that day the traders loss will be $600. His account will show -$600. But only $200 came out of the firms capital. The other $400 (in commission)...

http://www.nyse.com/marketinfo/hybmarket/1127349068564.html http://www.nypost.com/business/66679.htm

I'll pass.

Am I understanding this correctly? What your saying is the traders are charged a desk fee, commission per share, then only receive only 10% of their profits???

But you must always remember to protect your assets when going short against the box.

Anyone?????????

I was just wondering if anyone has heard anything new regarding the Regulation SHO pilot program. (the selected NYSE stocks with no uptick rule). The last I heard the pilot program ends april 27th. After that what is the NYSE plan for stocks? All NYSE stocks no uptick rule?? Certain...

http://video.google.com/videoplay?docid=-5137581991288263801&q=loose+change I havn't read this whole thread. Sorry if someone has already posted this. This is an interesting video.

I have been hearing that all NYSE stocks will be included in the current list of SHO stocks come april 1st when the test pilot ends. (meaning no uptick rule on any NYSE stock) I can't confirm this for sure but heard it from a couple people who own prop trading firms..

Grimers right... its where I started almost 4 years ago. Had some good traders which would help you but will charge you a ridiculous commission rate... you will NEVER be net positive on a month.... Go to learn.. then leave

I'm kidding.. Actually the only way I make money is trading the thin NYSE stocks. the key is just finding which thins have the real players.. that apect has become much more difficult especially in times of low market volume.

maybe if your a 5 year old

Hey man I just thought it was interesting why they made that new rule. I've never traded a 99 share lot.. sorry.. and there will always be "scum" on the street, theres nothing you will ever be able do about it...where there is money there will always be trashballs trying to cheat.... so...

Why is JM so bitter? I really don't understand myself..

why did most specialist firms incur huge fines?.. They must be scumbags too....

Why? (I'm ignorant when it comes to this subject. Just trying to find out more info from the people who know whats up)

the problem with me is I won't have to pretend if the next few month are as "GOOD" as March... :D