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I agree Tudor.

You can clear through goldman and the most you can get is 6.25 to 1, if I am not mistaken. There is no guarantee that you will get the full leverage. Establishing a b/d is a lengthy process.

I might start my own firm where i fully back the traders. Lets be smart, there will be risk parameters to prevent a trader from losing that much. However if it does happen, I will eat the cost, as should a true prop firm.

I don't like SMB, I read their website and recommended a few traders to go there and talk to Mike. These traders were looking for a firm that fully backs with a profit split. From reading their site, I assumed that a trader didn't need his own capital. Oh well!

Its clearly is not hard to get a few points. Don't get me wrong I do scalp but not as much as some. Yes, of course I have from time to time where a stock will drop quicker than I get out, I just have to learn from it and move on. I have a lot of conviction with the majority of my trades and a...

You are right. It can make a difference. I am in the process of starting my own prop shop...A true shop at that, with the traders being full backed by me and spliting the profits and their commish will be .003 or .004. I am going to focus on developing quality traders. (Again working on, not...

He still wouldn't make more but that isn't the point. They are taking on some large risk by giving me some high leverage..So in all fairness I don't mind them making some money off me.

Please tell me what I revealed about myself? You can trade more volume than me but I am certain you don't make more than me. Volume has nothing to do with profitability. When I have 10,000 or 20,000 shares and hold for a few points, I don't mind paying 20 to 40 bucks each side plus pass...

Cost of doing business for being leveraged out. IMO

Reading people argue over .002 or .003, cracks me up. Serious guy these are cheap executions and traders are crying. If you took as much time focusing on great trades instead of worrying about a tenth of a penny, you might want to consider a different career. Cheap executions, they are...

Here is my opinion and not that it matters. If you have talent, why let somone else reep the benefits? Unless the payout is with the time. I have tossed around the idea of a fund myself and still do time to time. I actually had an investor call me last night and ask if I would start a...

I am in a slap happy mood right now...How to lose 7.2 billion..very easy question. Listen to Cramer!

I just got an email from Global Futures 300* for eminis, lol! BUT you have to agree to 4.98 per side..wtf! Talking about crooks.

Yes you can but you cannot have bb anywhere without the b unit

I hate that damn thing sometimes. I was on vaca the fiance hid it from me, I flipped out. "No trading while we are on vacation"

I dont' think it is, lol!

Yes, they offer multiple users but I believe you can only use one terminal. The only way it would work is if you could get multiple users with Bloomberg Anywhere, which I don't think they will allow. BBA: allows one user to use BB from any computer. They give you a B unit to log in...

No reason to get your panties in a knot! I wasn't going to split it with 15 others, just 1 person.

It is def reliable and faster than anything I hear about. Sometimes you will just get the main headline come across the feed and the whole story later. I would recommend it to anyone.

I have been a user since 98 and they cover my exchange fees. They won't sue me, i will contact them and set it up the right way. Edit: You might be right. I just read you can have a multiple user terminal but not have bloomberg anywhere, which I use a lot. So I don't think this would work.