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I agree that, while rare, there are good traders out there that are good and willing mentors. Sometimes they do it to supplement their income, sometimes it helps them stay focused or grounded, etc. If you can make $250K per year trading, and another $50K-$100K per year mentoring and it won't...

I think there is actually something to this. This pilot took place during a pretty decent bull market, so I'm surprised that they feel they have enough data to conclude that the uptick rule isn't necessary. If we had a market that was down 10-15% and these stocks held up well, that would be a...

Stick with the individual account for trading for now and put the Roth in index funds. Chances are, you'll lose money trading, at least in the beginning, and you'll get the tax benefits of those losses in your individual account, not in your Roth. Sorry to paint a bleak picture, but you should...

The answer is they wouldn't. The only time you read about people not getting their deposit back is when they are leaving the firm. In that case, the income stream is already cut off, so these sleazy "firms" are just trying to get a little additional $. I'm not justifying what they're doing by...

Then why bother posting? I think the point of this thread is to see how people did this past year, and you really need the % and $ amount to get an accurate picture. Making 100% on a $25K account isn't a big deal, nor is making $200K on a $5MM account. For intraday prop traders, the % is less...

From your posts, it's pretty obvious you should go the dentist route. I won't get into all of the pros and cons because that's already been addressed, but you seem to be primarily motivated by the money. Since that seems to be your sticking point, go into dentistry. If the average dentist...

You are correct, for the most part, no more price improvement. Sometimes stocks will trade in a $.30-$.40 range in the same second in T&S because you're going to get whatever's on the book at the time on a market order. You can place a limit, but there's no guarantee that you're going to get...

In a bull market they are :D

Most likely, you'll be negative (less than zippo) in the first 1-3 months (if not longer). Seriously, don't even consider trading if you need to make money in the first few months, for several reasons.

What will happen to the houses? More elderly people will move down there and buy them. There won't be a shortage of elderly people moving to Florida, especially if the housing market falls somewhat- that would make it more attractive to them. Remember, the population is only increasing in...

Does it work in the pre/post market, so you could screen for stocks that may gap up or down based on the previous close?

Is it really necessary to post every negative article about the housing market you can find? We get it, you're bearish.

There are obviously stocks that are down on the year, plus it doesn't matter if the stock is up or down for the year, it only matters if it's up or down from where you bought. If some of the big players just bought big blocks of stock that are in the red since they purchased, they could sell...

You pretty much have the story. Yes, the open book used to be on a delay, and yes, it is now real-time (although it's of little use).

Nobody said "which would you rather do for the rest of your life?" Of course people have high burn out rates in wall st. jobs. But, I think most people would be willing to put up for it for a few years. Like others have said, you can always go back to trading your own account after you've...

Any Madison traders here to shed some light on this?

I agree- it depends on a lot of other things. Not only those already mentioned, but do you have to put up capital and how much? Most importantly, are they going to train you? Very few places actually do any training anymore. I'm assuming you don't have much experience- if that's the case...

These rules of thumb are just that- first of all, there's no guarantee that you can get 10% per year. Secondly, of course you have to factor in taxes- we have to pay them, right? That takes a huge chunk out. Also have to factor in inflation. The net $ you can make off of $1MM isn't as much...

Texas cities are always on these lists of "most affordable". Any Texans here care to explain why? I've never visited for any length of time, only a few days at a time, but it seems like it would be a nice place to live.

No, that's a dual card, so you can hook up 2 monitors.