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If it walks like a duck and talks like a duck it is a duck. 100% payout is a customer. Anyone with this model is selling leverage. While the exchanges may not come down on this model, the Federal Reserve has the ability and right to regulate margins to customers. They could come down on this...

You would be amazed at the things you can learn from a lap dance!! If you think of your house as a place to live, not an investment and can service the debt, then you should have no problems.

I think you just register the trader and put his profits in the capital account of the entity. I think as long as the entity is not getting money for comissions then its ok. I think.

I play the game of trying to steal the opening along with the specialist. But, only in my core group of stocks. I make the assumption that any order i put in can and will be filled. I want nothing to do with having so many orders in that if I got filled it would be a panic situation. What if...

Sorry, but I WANT my firm, if I am a prop trader, to have a piece of my trading P&L. That way our interests are aligned. The firm and I both make and lose together. Your way, you really don't care as long as I stay in business. What about the additional 20% you use in your example. (The...

Why wait for either point to get out? Why not get out at the point where the stock is not initially moving in the direction you had anticipated. Save yourself a lot of money, and you can always get back in.

Posting true negative facts is stooping to their level? If they are posting true negative facts, then you have no obligation to hold back any facts.

Why wouldn't a firm let you do it? As long as you have capital up, what is the issue?

Vacation is a good chance to practice your discipline. Just DON't watch the TV and DON'T read the paper. Use your willpower to NOT do it! (Then sneak away while the wife is getting ready to go out taking all the time to do her hair etc...

If we are speculating, why not go with the theory that the banker types were there to help them avoid bankrupcy? It is all a guess... who cares?

Make your decision on the individual branch office, not the overall firm. Check out the office in person and spend a day there. Figure out what you want from the firm -- Leverage, prices, training, or something else. Then, find the firm with the best fit. I lived with an onerous contract in...

Seperate account numbers has nothing to do with it. Hope no regulators are reading this board. Prop traders all trade a SUB account of the firm's account. Good luck.

Not enough volume to call this a bottom yet. But we are having FUN! Don't abort stay short.

ZERO!

Based in Austin, Tx. The owners are great traders. Dave something is great. He stays on a sqwauk box talking about what he is doing all day. The other two I heard were very successful. Smart enough to sell the rest of the company to Instinet for 150 million... I think they only take...

Too close to Evanston Lots of books '75 just like today The answer to all your questions lie within the patterns formed by melting butter onto a virgin.

Does anybody watch TV or go to the movies around here? SE (FasterEgoCat) is a Muse. Also, she is stirring up controversy for its own sake. That doesn't make the message any more right or wrong. For those who appreciate her style and message. gp for it. For those who didn't, ignore it...

First and last post for this budding Dale Carnegie.

This is the first time i am reading your initial post on this thread. This is the reason I voted for you to stay! Discipline comes from accountability. If self accountability does not work for you then find something else. I know of someone who went so far as setting up a corporation to...

The first question you should answer, assuming you are committed mentally and financially to this most difficult of endeavors, is not which firm to trade with (they all can execute and clear pretty well) but you need to find a mentor who can help train you. You are going to need continuous...