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Daniel, OK. Look, I think we agree from a theoretical standpoint, but differ because of the examples we give from a practical standpoint. Let me illustrate. I suppose you assumed that the average prop trader's acct is only $100K. But I was assuming that by the time the trader is allow to...

Sure, I understand what you mean. But you can't say holding weeks or months is NOT trading. Then all the guys in Market Wizards are NOT traders but investors. So, for you, the ONLY traders are those who scalp intraday. I have NOTHING against scalping. In fact, I do that all the time...

Daniel, Go back to my EARLIER post. Did you even read it?! I think Rtharp was the one that gave the example of 25% stop. I said 8-10% was more than enough even for longer term horizon! You just dont' read and just go shoving ahead and write whatever you feel. And wasn't I the one that...

I meant to say "why WOULDN'T a prop firm let someone put on 1000-5000shares positions over several weeks? " it's reasonable risk.

You wrote up there: "So (100 - 75)* 1000 = 25,000" WHAT?! That's like a 25pts stop. Did I ever said anything about a 25pt which in this case is a 25% stop! Even for a longer time frame horizon of weeks/months, 25% stops are just CRAZY! What I was trying to say was that even in a...

Daniel, I didn't say I had an account that big! I was hoping to find a prop firm that allows that style of trading, because it seems like most are rather tight on these matters. You sound rather condescending even though you admit not to be! I do understand RISK!!! In fact, when I was on...

Rtharp, OK. Thanks for the correction. I apologize. So, you are saying one can have longer time frame but not larger size? Hmm... So, instead of the typical institutional size of 10K-50K-100K-1M shares and holding on for months then one is allowed to hold maybe just 1000-5000shares for...

cclee, THANKS for responding and somewhat reading my mind. hehe. It's probably not a bad idea to go back to the institutional world with more stable income streams for now and build up a "tons of money"(as you put it so well. hehe) then go back to prop trading and get the 95%-100% deal from...

Yes, I know Wycoff does other things as his livihood. I'm sure that's a good hedge for him as well as others in the newsletter/advisory services,etc. taht dont' actually put money on the line. hehe. I know your point about the jobs elimination/layoffs. But that's typical in an economic...

Hitman, Thanks!! You tell it as it is! Again, thanks for the 1)realistic stats of success/failures at worldco. 2) words of encouragement and determination. You have rather steely determination, which is admirably. I've been thinking about it and I think it comes down to this: 1) Give it...

So, you would suggest a person wait it out??? In my case, go back to the institutional world for a while, then when things improve go back to prop trading? That's an option I've entertained....

vvv, you try to make the very same point I made earlier. But Don keeps on skirting the real issue here. ABuse or use or whatever term he might say, basically Bright is providing HUGE HUGE leverage for its traders/customers. Otherwise, the 25K deposit can't generate(normally at least) $5K/wk...

Well, good for you. I'm glad that it's all working out for you. :) But what's your definition of tons of $$$? You don't have to answer if you don't feel like it. trader99

Maybe b/c no one is talking about Hitman's Princess anymore. hehe trader99

Lojze: Of course, it's possible to be gross up and net down. In fact, I see that all the time!! If your commission is nonzero, then by the very property of arithmetic/mathematics that has to happen! The only case when gross up is always equal to net up is when transacation is zero. If...

Don, well, DUH! Freedom is the BIGGEST consideration in a prop trading job! I think without the freedom aspect of it I wouldn't even consider it. I think I posted various times in other threads before on this forum expressing those ideas. That's why it's such a big consideration. But, I'm...

Yeah.. I did accept earning next to nothing. I was at the pt where I wasn't even thinking of striking it rich or anything. But even match my old salaried jobs and even that seemed remote. Perhaps I'll give it another try to see? dunno... trader99

Don, Sure. I understand your comment. Small businesses are concerned with positive cash flow rather than compounded annual returns. As one famous trader once said,"You can't eat compounded annual returns!" hehe. That's why they think in dollar terms not return basis. But your statement...

Yeah, I think that's what I should do. Even if I make $100K/yr doing this intraday trading it's still way less than what I received in my previous institutional jobs. And a $100K is just starting salaries for analyst/associates. And from what Hitman said it's even difficult to get to that level...

Well, thanks for your comments. At least someone isi forthcoming. One of the reason I ask such questions is to determine whether i should stick with this no salary, no benefits, no nothing prop trading in hopes of hitting it big. Or I should go back to the institutional world with guaranteed...