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what is "the minimum in the account" ?

You are not cut out for this if you are miserable most of the time. The fact that you are up for the year and still unhappy says that either you have unrealistic expectations, or trading simply causes you more unhappiness than happiness.

its not as easy as they make it out to be. Also you have to figure out what your time frame is. Some people put on a spread with a net credit at the beginning of the month and just let it sit to expiration.

I think the main thing to realize is that the europeans wish they still ruled the world, and many still have fantasies of regaining their former glory. In the words of an american redneck, "it ain't gonna happen".

echo is also providing a coffee I.V. drip.

judging from your first post you have already thought about the scale problem. I would think that the percentage gains after commissions and bid/ask spreads would be very very small.

thanks skynet, that is the best info I've heard on worldco. It doesn't sound so bad. I am attracted by a low depost, but was afraid i would be trading 100shrs and unable to make a living. If I can trade 3 positions of 300 shrs every day I ought to be able to survive.

I think they are more the catheter type. I hear Bright is one upping them by providing a piss boy with a bucket which is included in your desk fee.

you are blaming the PDT rule for all your problems. In fact, the PDT rule was created to keep people like you from blowing out their accounts in a short amount of time. If you had been left to the 4:1 margin you would be completely broke by now, so it worked. I am not saying this to be a jerk...

The "PPT" is a slang term for the Fed Working Group and it was signed into official existence by Ronald Reagan after the 1987 crash. From that point on the Fed had official ability to work with market participants to avoid another crash of that magnitude. We have had large point losses since...

which firms are abusive to new traders ? who would sit there and take abuse when they aren't getting a salary ?

thanks for that info. They must have a lot of guys with night jobs or else a lot of kids living with their parents.

so this guy thinks he is going to net $60,000/yr starting with $25,000 capital ? Anybody out there willing to say that they have done that ?

i don't know of anything out of the ordinary today. maybe we will find out tommorrow.

worldco has a new office in my area. I have heard so much about prop firms/daytrading that is negative, but I have also learned that there are some consistent money making traders out there that have good deals. I am in a position now that I could go the prop route, but after having been a stock...

what is a typical amount of buying power when you first start out ?

JPM was massively short gold and their was a short squeeze on. I heard the fed bailed them out by selling gold directly to them rather than forcing them to buy on the market, thereby killing off the short squeeze. The day after I heard that gold started its consolidation that it is still in...

Is Schonfeld really into swing trading ???

it doesn't make any sense at all, and yes it is pure gambling.

the only problem playing listed stocks is that the locals know the prices before the general public does.