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Although I am not there yet, my parameter for calling it quits are when I can: 1) pay myself as much or more than employment 2) paying myself doesn't hurt my growth Emotionally I have already called it quits, it's now just a matter of turning that into reality.

Ah ok, well if its something you want, then go for it...I guess it wasn't that clear, just that you were looking for an option. I'd think you were a promising candidate, but I would be concerned about your split focus (school/work)

Dude, He's going to school, he doesn't need a full time job when he needs to be focusing on school at the same time. Would you really recommend that when he can work part time as needed as free to make money?

Well honestly, I did answer. Building you own capital, although seemingly slower rewards greater in the future when you are trading your own million dollars rather than a quarter million earned on the job. As well, you only have to work when you feel like it. Working for a prop takes time to...

Since you already have a portfolio, why wouldn't you trade for yourself on your own time?

You know Erik, if you don't have one already, you ought to consider blogging these posts. I just like to read what other people think, and your writing style is well suited to blogging. I'd join and follow your blog.

I don't know, but usually if you can't short, there are two reasons. 1) You don't have the buying power 2) the broker didn't have enough shares available to lend to you.

No none at all....I am at the moment trying to build my trading equity up to a level that I can sustain myself. I will decide when that is based on what sort of income I am bringing in right now. My question wasn't really, "how much do "I" need to get started?" it was really... How do...

Yah i am not sure I understand the 2520 rules honestly. Everytime I think I have it, either the bank or someone from this list tosses in another piece of information that blows what i thought I understood. I suppose once I exceed $25k the issue will just go away, but I want to make sure I know...

I appreciate everyone's posts. I should let people know I am not entirely new to trading. I started out life in banking, but I couldn't stand the salesmanship required. I am a terrible salesman and hate all aspects of sales as a profession. I left banking 6 months after getting licensed. I do...

Now hold on, I know this is a often hashed question, so please don't get mad. I have another spin on this question that I haven't seen addressed. What is the minimum required capital to successfully daytrade as a career/living when one brings FINRA Rule 2520 and NYSE Rule 431 into...

Aawww fiddlesticks. Yes its possible, but HIGHLY unlikely to happen soon, but honestly who knows what's going to happen next week or next month or next year. So no one can say really, we can only speculate with a pretty fair ammount of support. On the other hand, even if it could go all...

rick, I used to believe the same thing. I have been in IT since 1990-ish. I never needed certs because I have an established background. However when 9/11 + Enron Crash + Arthur Anderson Crash destroyed my career by flooding the IT market place with untalented but cheap IT workers, I ended up...

He's talking about these people that are listed in the following website. You get to trade with other people's money after they train you and get you licensed to trade other people's money. http://www.daytradingpropfirms.com/

OMG!! People are so friendly here. For me, anyway....Amateur with another job, intend to slowly move to trading for primary income.

I'll tell you what. I went to school 20 years ago with the intent to become a stock broker like the rest of my family. Everyone in my family is in one form of banking or another, whether that be the stock market, realestate or insurance. When I got out of school I started working for my cousin...

There is no real, upper limit to a stock value, yes resistance but not true limit. Just keep in mind as others have said already using numbers, there is some safety in trading only on the long side. You can only loose what you gambled. On the long side, a stock can only fall to $0...

an RSA Key would allow you to log onto your broker site from anywhere even a public KIOSK with assurance that your passphrase can't be highjacked. That's it's purpose. A firewall can have many different complicated rules to get a desired result, but to keep it simple, each rule says "yes...

Yes, an RSA key in that case would be very useful. Please remember to practice good habits, even on your own computers.

Other than some of the excellent advice, I think all you need to do is incorporate a "trading club". You literally set yourselves up as limited partners and get a tax ID. Let the club pay the taxes directly out of the fund. You will need a lawyer and accountant though. If ANYTHING goes wrong...