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great post. this is how props work. new traders need to realize this how it is.

care to explain what one does with only 100k?

500k is decent. if you trade pairs, it isnt enough

I could not short these on my platform as well. tried to short SRS this week and couldnt do it:(

cannot stress those 2 enough. being down and have your buddy help you out is worth it. (if I was at home. Id blow up and go nuts, but trading in a team environment helps)

agreed 100%

no need to get IRS involved with a complaint to the compliance. just make a few calls. not that hard :)

assent, bright are registered with an exchange and the traders are registered as well, so that would be a problem

good post. I remember reading your thread about time trading prop and moving to Conn, what are you doing now?

Im sorry, I couldnt put an add out and just rip commissions of poor suckers and offer them a job. but Im pretty sure Bright has "training aval" for a cost, instead of "hey kid sit over there, install this software on your computer and trade." again just asking the question, why...

I myself couldnt "hire" new traders and not train them, I would feel guilty if I went out and hired someone but didnt train them etc. but being hired by a prop shop is a catch22.

but how can that little amount of buying power be enough for a trader to make a living? what types of trades does one do with just $50,000? :confused:

even with $50,000 you really cannot trade pairs, openings, hard to trade momentums etc so one's upside is limited to what they can actually do with the limited capital. a good trader needs some buying power to actually make a profit having them add "extra money" would be a bitch. some kid...

dont you remember the background check and drug test :D

how in the world do any of them make any money, it just seems with $5000 account one cannot make a decent buck? really cannot make a living on that size of an account? :confused: I like to carry overnight, trade with some vol, but I always see these post "looking for prop with only...

say you trade at assent just going to say assent or echo or bright or one of the others) assume one trades at assent and wants to open an office, you still do all your complaince and paper work through asset and all your traders are assent traders. so you are a successful trader what are...

pretty much all strarted there at countrywide -c.w. got huge breaks to write loans for minority and low income families -c.w. paid huge bonus to subprime loans to brokers -wrote tons of neg amt loans with prepayment penalties -anything went. a criminal empire not saying they are...

getting k1 late with a prop firm is common. but yes it is a pain in the ass though

some prop firms work together on ideas etc but it seems several prop firms are nothing more then a trade arcade. you deposit money and trade your own ideas etc I can only think of prop firms with large investment banks that may pay a salary :confused: .

Let me explain, assume I trade for XYZ and decide to get an office going, what are the pros and cons? pros lower commissions ? collect a % of the traders profit? collect a % of the traders commissions? some just like to be a manager? cons have to be able to teach/train? hassle...