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What firm doesn't look to make money by coms....Even working true prop ur paying an override to the firm, I think if you know it or not. Actually...I am asking what firms? Peace

Off the cuff, and not having read anything except the first post, I'd like to comment. First, it should never matter to you who "else" is short (or long) or neutral. More pertinent to this post, in shorting you should always leave yourself an out, no matter how bad the company looks (bad...

To be clear my whole post referred to stock trading leveraged firms that require a series 7 and a capital deposit, and those stock trading firms that require the 7 and no capital deposit. I am unfamiliar with futures, but I think part of what I read about the model of Ptp/TSP is enticing at...

that's the thing, you won't get transparency in this industry. Firms that don't back traders generally don't understand how to train a trader, or don't believe it can be done. If the firm doesn't back you, and just wants a capital contribution, you can be wary, rightfully so, that their...

these were my criticisms exactly when reviewing the rules of this "combine." I play poker, and I have traded very profitably. Most of the time in poker I fold. In fact, thats is the statistic shared among the to 10 money winners in poker prior to 2008. I don't know the current statistics on...

so far this is one of the most effective posts on this thread...i have only read this far though from 10 2012.

Trading is a skill and you have to want to develop it. It'snot about your charts or your quantitative strategy. Your success depends upon you following that strategy. The reason why most traders and even gamblers fail is they fail to follow the rules that save them from making fatal...

Here is a corollary of what I mean. Here we have a guy (that probably doesn't trade for a living) that is echoing the same thing (save the algos..although before algos traders manually performed the same fuctions that computers do now) that others have said over the past few decades. He also...

you have some setups, you determine what conditions you will enter the trade (have a price), you enter the trade, you manage the trade, you exit the trade. is this so difficult that so many great minds cannot fathom how to do this within a day of trading? Haha...yes the learning required...

I dont' know how to respond to that and I dont' want to give anything out that really isn't from my own experience regarding carryover. I haven't had to use carryover losses or deductions in a while in this instance. You might try Robert Green, like a phone consultation. I did one or two...

that's great that you think its a mountain. You have been doing it correctly for 11 years....great for you. Some traders make mistakes, and some have poor accountants. I was the latter and went through a lot to fix it. So I was merely sharing my experience with the group. If you...

nothing like advice nearly two months late...still hope it helps.

I'm putting this out there because I have some experience in this area. And also because it's not necessary to PM this, anyone who gets a k-1 from a prop firm for their profit/loss might want to read this. First, you file a schedule E with your 1040. You take your profit or loss from the...

I don't think any already successful trader cares about your strategy, or mine, etc. Furthermore, another important element of profitable trading is the ability to follow the system. Who do you think is more likely to follow a trading system when it's experiencing it's maximum heat: the...

Eh...it's better on LBI in the summer.

Yes I have to agree. Don can't place sub penny orders. I am also licensed but with another prop firm and can't place sub penny orders. Im curious...who gets to place sub penny orders? Is it time to change trading structure for me again, because i want in..

Ok my two cents its just that but.... This whole sub penny bs sucks. They have to take that away right away. There is no more incentive to provide liquidity cause you just plain don't get filled until the opportunity is GONE> So that sucks....so no more rebates I don't even really try...

thats damn funny.....im interested in changing to hold because their rates are superior to my current firm, and my firm acts like they are doing me a favor by offering me this current rate. I am currently doing them a 1K a month favor, which i didn't know.

can't you just say 'ass' instead of 'arse'? or are they not the same thing? i wanted to avoid googling that

i agree for a new person....but once you overcome fees trading is equity invariant. I don't buy the biggest edge is equity, its necessary but not sufficient. NO disrespect intended, and 10 years isn't a long time in the business to speak from. If you had, say, 30 years in the business, had...