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$0.80 per ticket (one time charge daily), 1 cent per share, $12 for bullet ticket and 4 cent per share for the bullet. I don't think I could have saved THAT much money the way I played today. I was down $300 with one hour left and when I was down $400 I should have stopped because there were...

Nasty game as I took a serious hit today. My bullet in HP destroyed me today. This stock is among one of my personal best but with super light volume there is no BID nor ASK to lean on, and like an idiot I tried too hard to get my bullet money back and it cost me the game. Horrendous timing...

Who would have thought? Someone who was obessed with mechanical investing stuff is now day trading :-) 500 shares is ok for summer market for people with under a year's worth of experience, I start every position with this kind of size and pyramid as needed. $1500 is fantastic, as Magna...

A BAD Prop. Trader can make ZERO if he doesn't have a base salary. If he does, then it is probably (give or take) 25K a year. An AVERAGE Prop. Trader, someone like myself, can expect somewhere 50-100K (this is only doable if you don't have a base salary but a high pay out). An GOOD Prop...

Candle: My DOT limit is 1500 shares, 14 positions, I haven't asked for a raise since summer started since I rarely do full 1500 in this market, having more shares is dangerous if I get personal with some stock. I am very sure by September I can get a 2000 shares DOT limit no sweat. The...

I put up $1000, I lost as much as $4500 at one point. My friend next to be is down $20K. No problem whatsoever. Still trading, 600 shares, 6 positions, 85% payout, of course, he probably won't see any real check until the year is over.

Frustratingly difficult game as I was completely shut down on offense today. Some of the indexes I had weren't working until 10AM and it greatly effected my open game. I was indecisive this morning to put up technology bullets but I had a pair of bullets in HP and CPN. On both occassions...

I trade with Worldco, although if you are a scalper I would definitely choose Prudential or anything with a flat charge ($7 per trade is awesome) over cents per share based commission structures.

Bloomberg also offers the fastest news alert for off the floor traders. You will get news such as "Fed surprise rate cut" 10-20 seconds ahead of everyone else off the floor not on a Bloomberg :-) My team is supposed to get a Bloomberg slave, but a guy who left our team a while ago somehow...

There are two type of firms, one that offers a base salary and very low payout or the more popular one, zero salary but very high payout. It is entirely possible to get a 85-95% payout at a prop. firm before you even turn profitable. Your own capital is NOT on the line. There is no...

Got the direction wrong today, did not fade the gap-up and had a very poor open. Barely escaped with a win. 4 of 10 shooting on 10700 shares, 2 bullets (completely wasted, both energy), +478 before commissions, +94 after. Pre-Market: Nothing really caught my eyes. 9:30: Took EMN on...

>Professional and exchange fees at Pro firms often add up to $500 a month. You CAN find a firm that charges no fees. >By trading carefully and not letting risk getting out of hand with personal capital (as opposed to leveraged capital), trading with say $15k of personal capital at a pro...

Very light day and I am not going to churn. 3 of 6 shooting on 4300 shares, +380 before commissions, +196.85 after, 1 bullet. August opens with a small win and hopefully the market will pick up a little bit . . . Quite a few once profitable traders tapped out last month, and the firm cut...

Without any question, July was a solid month in the right direction as my YTD P&L reached a new high for the first time since its previous peak back in early April. Hopefully this will be a smooth uptrend without further sell-off's. I started the month strong with 11 straight victories, but I...

A finish as exciting as this summer market as I churned my way to a small victory into the finishing line. This morning I showed up 10 minutes late for work due to traffic delays and I missed a huge CEX rally in the early morning. Never got into the rthyme but in this market I would not mind...

On super light volume days, you can not afford to give up morning gains, even if it is just $500, take it home! This morning I had a fast start and was just about to pack my bags and take off to the gym and I made a bottompick play that basically ruined my entire day. The bottomfishing is the...

Personally I can not imagine anyone who make great calls selling them for subscription fees. There are only so much liquidity and once the number of subcribers reach a certain point those calls will be less and less reliable. A professional trader doing this as a hobby to share with others for...

Think of what you are saying, how about I am not comfortable trading someone else's money? How can I NOT feel comfortable about trading someone else's money if I am NOT liable for ANY losses? Besides, this is not trading a grandma's IRA, it is trading a large firm's deep pocket. You have to...

I don't think I am advertising anything here. My entire argument is IF YOU ARE A NEWBIE, GO CHECK OUT SOME OF THE PROP. FIRMS IN THE AREA. I don't care which firm, it is for your own sake, for your own good, that you should start at a prop. firm that requires little to no capital contribution...

Sorry to go off topic, but we have been on this topic before and I would just like to end this once and for all. TraderRX: No I am not employeed in any way by Worldco other than a prop. trader. Yes there are financial incentives for people to work at Worldco if they mention my name...