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Really...? Why...? Are the Brits not as welcoming to people from their former colonies as they used to be...? Besides... He's going to be coming in with 100K or so... so he isn't going to be a charity case. Should probably look at setting up a business in England... That might...

Hey... Not to mention all of the US stocks and futures markets...!

I think your best bet is to go to Britain. More likely than not England is your best option... They have the best human rights record so you probably won't have to worry too much about racism or anything like that. They also have a well established financial sector that could provide you with...

...LOL...:D Once I made fun of a guy who was losing big and he threw his coffee mug at me...! :eek: Didn't hit me though...!:D Happens more often than you'd think...

Not really... It comes from the fact that their +100K winning days are usually offset by their -150K losing days! :D Sure Don’s a salesman… but to be fair he also trades. AND as far as prop owners go he’s probably the most legit that’s why I don’t want to bash him.

Not really... If I fail... I FAIL... If Don fails, I still fail...! :D I don't mean to pick on Don obviously but that's the way things are in what's left of this industry... I suspected it..., ....that's how it was where I used to work as well. Office went under a while later after I...

http://www.bloomberg.com/news/2012-05-11/jpmorgan-loses-2-billion-as-mistakes-trounce-hedges.html I think JPM will get out of it OK...

Not really... they're mostly hedged and they're not unwinding any positions... So... I don't see a major catastrophe coming JPM's way.

We all knew Bruno Iksil would screw up eventually...!:eek: http://www.bloomberg.com/news/2012-05-11/jpmorgan-loses-2-billion-as-mistakes-trounce-hedges.html But I think JPM will get out of it OK...

We all knew Bruno Iksil would screw up eventually...! http://www.bloomberg.com/news/2012-05-11/jpmorgan-loses-2-billion-as-mistakes-trounce-hedges.html But I think JPM will get out of it OK...

Well <Del>fuck</del> me then...! :D I'm obviously out of touch with what's been going on in the industry...! The answer: There is no more industry! :eek: :(

Well thanks for the honesty...! I'm suprised there aren't any pro prop peddlers commenting on this.

Yeah... that can be done... But then you're just a brokerage for traders with 25K... If they quickly wipe out then you're left with nothing. The problem is that you'll burn out your supply of 25K depositors pretty quickly. As for the sizes you're talking about they're easily doable...

Yeah… That’s what I want to discuss… Nevertheless, any other comments are appreciated if they’re on topic… So far I’ve gathered that… H.O. (Head Office) takes no monetary risks at all on the venture. They only provide you with software, leverage and a very small...

Renting commercial space in New York is really expensive... I doubt you could do a start up there.

If that's true and I have no reason to doubt that it isn't... More or less what I'm hearing is happening at every firm... Remember Canadian Swifttrade...? They collapsed as I recall... Yeah... If that's true then it's pretty fucking bad for the office owner... Negative sum all the...

Sorry... I'm a fucking idiot... That should read about 700 K shares give or take...! Not 7 million...! 50*15000 = 750000 is about right... So 25 big trades both trips counted... And a bunch of smaller 5000 shares etc... AND I'll just average it to 700 K... as an estimate of shares...

Thanks Mav... That's the sort of input I was looking for...! I was doing an average of 7 million shares a day... About 15000 shares on my big trades... Counting both trips... You know... 15000 buy, 15000 sell counted as 2 trades... Anyway,... When you say they make you own...

Really,...? Has it gotten that bad these days...? What's to blame...? I know the "penny" game / rebate thing is dead in the water... But some of these moves are pretty awesome... Are you saying no one's making money off of them...?

So the answer I'd be looking for would look something like this... 1. 100 k (or whatever) deposit with the firm on your part and traders have to fund their accounts... 2. 50/50 profit split between you and H.O. and 50/50 loss split after you settle with the trader... 3. You cover...