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Create LLC, structure a managed account. Write up an investment management agreement with investor on drawdown limits and payout with lawyer. Deposit funds. Trade. Split profit according to agreement.

I heard they are mainly in the biz of selling their DMA services, multi class executions in stocks, futures and options to professionals with larger books, hedge funds, etc and building out their prime broker business. They unloaded hundreds of money up prop guys past few years -- most likely...

Former branch owners have told me that they shaved off hundreds of money up daytraders in past 3 years formerly known as Generic, closing entire branch offices to get out of the low margin biz. They retained some accounts. I was refering to daytrading prop biz as % of their entire...

the voice of mediocrity is ever so loud. i've taken the liberty to edit your comment to better fit the situation at hand.

Rank Country IQ estimate Rank Country IQ estimate Rank Country IQ estimate 1 Hong Kong 107 28 Russia 96 55 Fiji 84 2 South Korea 106 29 Slovakia 96 56 Iran 84 3 Japan 105 30 Uruguay 96 57 Marshall Islands 84 4 Taiwan 104...

but if we don't like it, can we still berate you?

Yo Dividend, I tried to PM you, but says you can't accept messages.

People, you are comparing apples to oranges. If you scalp or pairs trade or opening only or whatever it's called, u should stick with your chinatown rates at Cheech & Chong Trading, LLC. You'd have to deposit 500k just to get $5MM overnight buying power at a daytrading shop, directional...

Their traders don't put up a deposit like yours. Firm takes 100% risk. You are differentiating yourselves and then associating at ur convenience. edit: In their Alpha desk.

Yes, I understand, but writing on a board involves an <b>audience</b> too. Just post a broker execution. That's what they want. Until then, you'll be boo'ed.

I believe that they operate in a different model than your company. I know someone who works there. The trader manages a multimillion dollar book and can take overnight directional trades using firm's capital. They are not trying to "scalp" out $20,000 gross like most of your traders. More...

You could post a snapshot of ur broker executions to prove the doubters. Doesn't seem like to much to ask given fact that the only reason you keep a journal is to seek public notoriety. Even the most reputable Hedge funds who claim x% returns, provide audited #'s.

Oh right I forgot.... Elitetrader. Land of the mediocrity.

LOL.

Ask for ownership. Rennaisance gives ownership to all traders and employees including the janitors.

Alot of great traders began in minutes/hours time frame and expanded out.. ie Paul Tudor Jones, Livermore, etc. I will say that most daytraders never end up swing trading so maybe they're an exception.

Yes, totally agree. Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety. -Ben Franklin. Vote Ron Paul.

yes, I agree with you. I'm really replying to the original post about some mayor with some left wing ideas.

MADE IN CHINA. Good luck with the ban. <IMG src="http://news.filefront.com/wp-content/uploads/2007/10/xbox_360.jpg"> <IMG src="http://cache.gizmodo.com/assets/resources/2007/01/iphone_mockups.jpg"> <IMG src="http://www.hometheatermag.com/images/archivesart/1007sharp52.1.jpg"> <IMG...

Those manufacturing procedures and ingredients were specified by the US CORPORATIONS!!!!!! Those Chinese all they're doing is following the instructions and assembling!! What a laugh. Democrats are the stupidest people on the planet.