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The policy is simple. If you have a 90% payout and you make 10K first month, 4500 of which goes into your capital account, 4500 of which is issued to you as a check. Let's face it, once you become more experienced and trades multiple 2000 share positions at a time, do you really expect...

***you should modify the "Discipline" self-talk to the guy on your teams situation and give it to him.. it will help him stay in the proper frame of mind.. *** Sorry man, I don't think discipline can be taught. Talking to yourself may work for you but sure as hell won't help everyone else...

***I still have a problem with automatical labeling of anyone who wouldn't show his trading records as liar or incapable trader... *** Once Brandon audits his trading record, those who don't will lose their credibility instantly. My problem is at this moment I am not aware of any vendor with...

***Hitman, my first year trading i made more than twice your income this year*** Man, when I hit my 17K month back in March I thought anything less than six figures would be totally unacceptable. What heck, I had a 20K month with 100% margin trading part time out of my Datek account back in...

Vadym: Fantastic response. Very typical, I mean what heck the day I got smoked I took some serious emotional damage and was all upset about stuff, what about September, when the tower collapsed I was there and I was shell-shocked, the week when they resumed trading was one of the...

Limbo: ***On the contrary Hit i'm quite excited----*** Let me guess, he offered you a free, extended trial to his chat room. Well once upon a time I had a mentor who offered me the same thing, and did I make a dime off it, no . . . That said I will never say a bad word...

***you know nothing about my chatroom*** I do know Linda is on board and that is a nice tree to duck under when it rains and pours. ***Nobody cares what you make*** Now that I am running a team, they do care and I am not afraid to show them, regardless of whether 2002 is the breakout...

DAT Trader: I said commission % not profit %. People get 95 % payout at my firm once they become experienced. A small % of 5% is not worth the stress lol. Limbo: I don't think I mentioned anything other than trading in this thread. And don't get too excited, Tony did...

Chris: Since when did you get a license to bash others and no one can bash you back? Do you really expect that you can walk over people without getting a dose of your own medicine? Everything I say and do, I am willing to pull out my account statement any time to prove it...

OK, I have to admit that I read this thread with great pleasure. It is absolutely delightful to watch some of the bigger names in this industry throwing muds at each other. I figure it is about time that I add my two cents. I don't care how you did in 1999/2000, I don't care what kind of...

I have everything archived at http://hitmantb.tripod.com A guy on my team who has been on a losing streak read it and felt much better about himself lol. I started my career losing 19 out of 20 games, and at one point I was down $4500, almost all of which in firm capital. Granted, those...

I believe Echo does that. While Echo is a professional firm not a prop firm, and not a true direct competitor of ours, I have to admit that I am very very impressed about the way they run their business. At the very least, they are the only firm that I know of that post their commission...

Had just 5 hour's worth of sleep last night and really struggled off the open. A few bad trades and the fact that I spreaded myself too thinly in a choppy market made it an uneventful day. 4 of 9 shooting on 7000 shares, +327 before commissions, +161 after. It is very important to maintain...

Let's put it in plain terms, you CAN NOT make size without trade size, plain and simple. The ability to handle bigger size with the same poise you would with smaller size, is the ultimate level of trading. I know because my share limit is 3000 and I have never pushed it much above 1000. Until...

Turok, is that you?

Slow choppy day but I managed to squeeze out my 11th victory in a row. With two more games left this may be my first ever pay period without a loss and that will be a great way to close out the year. 6100 shares on 5 of 7 shooting, +551 before commissions, +296 after, 2 bullets. Tight...

Yes, most prop/prof firms specialize in NYSE, if just because there is less risk involved. A lot of people will tell you NYSE is better than Nasdaq, I like NYSE better but I believe they are equal, but I have to give my vote to NYSE if you are new. As far as remote trading is concerned...

The standard rate for a trader with 1 year's worth of experience at Worldco (and some capital in his account which he built with firm's capital when new) is 90+% payout and 1 cent a share. (If you come here with some capital and some sort of track record, I can probably start you off with...

***My question is to traders who are consistently profitable, yet give a large percentage to some firm, and have capital of at least $30,000.*** At Worldco, once you show some degree of profitability your payout will be well above 90%. Like any other broker, prop firms make money off...

Fortunately no, as none of them had serious positions.