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At the rate these firms are folding, the future is not who do you not mind making money off you, but who is left in the business to do so.

Take the no charge deal and trade 67% larger. You will effect the same payout as if you took the 100% deal with no commissions. Why wouldn't you take that? Let the correct trading idea pay for commissions by increasing your size. I assume you would only have 60% of the losses too. Right...

Are you a looser or a loser?

I beg to differ with your response. (First, yes, I spoke in hyperbole for affect. That is what this board is all about. Hearing all sides of opinion.) BUt, my point had nothing to do with Market Makers. Let 'em go out of business. My point was this: Too many people entered this...

Are you making excuses for poor trading and implying that the markets will return to the way they were 2-3 years ago? If you are, good luck waiting. That was a once in a lifetime market. Now is the market for seperating the traders who deserve to be called traders from the hackers who thought...

I have done some research on hedge funds since I left my prop firm to trade customer. ProTrader and ETG and a few other DAT firms will act as your prime broker, doing a lot of the back office items for a reasonable transactional fee (cents per share.) They claim to cater to small hedge funds...

welcome back. Spec1929 has good question. Why did their lawyer threaten you? For what it's worth and Bryan would say very little I had a good experience with ETG.

Some people go to med school then Intern then pay back loans for years because they want to help people not make money. I don't understand that, but we must value that way of thinking so the rest of us can trade. The, we make lots of money trading and buy donuts!! Don is right. What other...

Back to Speculator's original question. From a practical standpoint not regulatory, is a "prop" trader who is allocated 100% of her profits or losses just a customer in disguise? Or to ask it a different way, is the only difference between a customer and a prop trader with a 100% payout, the...

If you are looking to take your trading data and analyze it, at my old firm they used a product called "Trader Profile" (traderprofile.com?) that took all my account historical data at SLK and did over 25 different studies to optimize my trading and determine my weaknesses (too many to list...

My guess is that so many traders will be using them as a surrogate for the market (i.e. Lower margin and no tick test) that the real winners will be the ones who can set themselves up to take advantage of the demand for liquidity at stressful or pivot points in the market. Those traders who can...

ETG and Bright have offices among the lakes.

I just heard of a firm (I have no direct knowledge of their deal, etc) in Toronto called Questrade. 416-227-9876. Check questrade.com. They are a Canadien BD with both Direct Access and Proprietary trading platforms.

A foreigner does or does not need a visa to trade in the US at Bright or any other firm? If I was from Japan would I need a work visa to trade at the Bright in Las Vegas?

Thanks Gene.

I don't think I explained myself. I would consider someone successful if he were still in business even if he was losing a little because he had potential upside still being in business. If you are out of cash which is inventory for a trader business, then you have no upside potential. As...

You're correct. A simple question would've sufficed. As to your answer, if I understand it correctly, anyone who made ONE dollar or more is considered successful for your calculations. If that is true, I contend you should actually expand your definition. It should include anyone still in...

Bryan, I know I am not spposed to reply to your posts, but we AGREE so I am. The numbers used by Don are misleading. It is like the old joke my Pop used to tell me -- "If you eat peanut butter and jelly for a 100 years you will live long." The real number, which is very hard to track is what...

TonyOz, At the risk of getting in the database:) and appearing ignorant could you fill me in as to who you are and what book you wrote. If you don't want to 'advertise' here could you send me a private note about your book? I am fairly new to these boards and don't get out as much as I'd like.

Someone once told me something that took a while to sink in. (I was young and drunk when he told me.) He said, "No thanks, I can't afford a bargain." Firm's like Bright and Gene's gig -- they need to pay the bills too. Don makes a great point. If it were that easy, more firm's would be in...