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They sponsor you for the 7 and 55 exams. But yes, S7 is required to trade. jc

thanx a lot for the responses. There really is no substitute for experience. I knew there would be a lot of different answers but your knowledge from experience is invaluable and i cant wait 20 yrs to answer it myself(hopefully i will last 20 yrs).:p thnx jc

I read in another thread that you guys have 20+ years of trading. I was just wondering if your total profit/loss at year end hit a plateau or continues to rise since there is theoretically an unlimited profit potential. It probably depends on the market condition but i am throwing the question...

heartland securities does not ask for capital. they pay a base salary of around 40 grand a year.

GOldenarm, "You can't treat trading like a videogame. It must be viewed as a profession and allot of hard work and dedication is involved. The videogame traders did well during the bull market but have not adjusted well to this market. " Those who love a videogame will spend hours of...

I have not started trading at a prop firm yet but was wondering if good traders use the rhythm of the market to trade. Actually, what i am really trying to ask is whether their is a rhythm of the market and if it is important in trading. No one really seems to discuss it. Also, i don't see...

has anyone found his posting forum on yahoo? cant seem to find it. thnx in advance. jc

Not all of us are up to Babak's speed in trading. I am thankful for your sharing of any Knowledge (common or not). You da man SE. jc PS sharing something for free will always create suspicion......It is sad that society has conditioned reactions of suspicion like this.... but it is human...

Honestly, thanx a lot guys. You Guys are probably right . Scalping will probably kick me in the crotch but i will hopefully suceeed. Good luck and especially good trading. jc

The base salary is just for the first few months until you learn the ropes. Once and if you learn, the contract changes away from salary to the more typical contract of payout. I think they are scalpers (from hr) and i hope that it can still be profitable. I start next month for heartland...

I agree with everything you guys said. Eitherway, i cant win. i guess you resent ivy leaguers like you resent people who have bmws. some things will never change. :cool: :cool:

chisox-good luck with your trading and future. sincerely, jc

vulture, i agree and can name some friends who go to community school that are just as intelligent as my fellow alums.

exactly rs7. You got accepted and you seem nice and down to earth. not everyone is like treycool. hehe jc

generalizations about the ivy league or anything for that matter due to one person as your sample size is ridiculous and shows no class. sincerely, jc

Just wondering if anybody could lead me in the right direction. I am just starting to study the L2 screen and seem a little overwhelmed by volatile stocks. I was wondering if anyobody knows any good beginner stocks and the market makers to watch. thanx a lot.. jc

thanks for all the responses. I didn't understand why some firms would give salary when trading is all dependant on personality. I am starting trading for heartland in august. just hoping to survuve.... jc

How do firms offer salary in this kind of market? What is the payoff...unless the training is so good that they expect your future worth to be much more which means you become a great trader. just curious. jc

When do you think the markets for daytrading will turn around?

goldenarm-I have a bunch of friends who are ibankers for these institutions. they really cant help anyone get into another sector of their firm because they are considered the bottom of the totem pole. Sux to be a first year analyst. In this job market any job is good....a lot of my fellow ivy...