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We closed at noon today, so I went in expecting to try some new stuff and lose a bunch of money. Strangely, I made money. Thanks to MOT and ABS's wild ride, I hit my first $50 day (two more to complete this milestone). #trades: 15 #shares: 2200 adj net: $58.18 gross: $58.75...

I think you have it nailed - a brief intro to ECNs and software, then 'ave at 'er! Not very satisfactory, I'll admit. I discussed this with a number of other prop firms, and was given the same story. One firm did offer an interesting training program, but they charged their traders the...

Yes, people here are trading NASDAQ, LSE, and soon the Nikei (sp?). Different groups start on different systems, depending on changing markets and the whim of the coach :) For whatever reason, we have been started on NYSE. Just as the number of stocks that we can trade grows, so too will the...

optioncoach, We are currently only paying the SEC, gateway, and clearing fees. All of the transaction fees have been waived until we graduate. As well, we have not put any of our own money at stake - just our time. We are not being forced to trade LU and NT, and in fact, I almost never...

ksonsinc, Thanks for the tip. That's very close to what I have been trying for a couple days, and has given me my biggest profits (not that my profits are especially big). However, right now we're being trained on NYSE so I don't think any of these stocks are available to us. I'm trying...

blue2and2, Lack of strategy? Pretty close. The firm gives us one strategy - scalping LU and NT. If you want to do anything else, you have to find and develop it yourself. I'm not that impressed by the prospects for LU. I know that some people make money off of it, but I would like to...

Just heard that my shop is closing at noon tomorrow, which means that there's virtually no hope of me hitting my next milestone. Which means that I will get to try some more experimenting. And since I know I won't have the opportunity (or the courage) to try VLO again, I think I'd like to try...

Got schooled today! Since I was starting with a clean slate for the next milestone, I figured I'd do some experimenting on VLO. I'd watched it before and it seemed crazy volatile, but it gave good signals and would have relatively long-running, clear trends that I wanted to try to capture...

Last day of my 25's, so tomorrow I get more buying power, and the chance to try different stuff without fearing that a loss will set me back a long way. Personally, I'd like to try CHK. Crazy volatile, so we'll see if I can make any money. Today, almost all of my profits came from one trade...

I actually took some positions in the early morning, which I normally don't do. It was to gain some experience during this time, as there seems to be a lot of money which might be made. Not today, however. With that, and getting stopped out in CDE as it churned over lunch, I was down $20 and...

An unfortunately interesting day. What a rollercoaster: down $6, up $30, back to +$6, then slowly crawled back up to $27 to complete the second of my "25s". While I would love to smooth out this curve, at least it ended up being "good enough" at the end, and I only need one more day like this...

For the record, I agree that trading for credits is a crap strategy. Sure, I can make ten or twenty bucks in a day, but big whoop. I also agree that the zero volatility stocks that they have me trading teach me about the keystrokes and ECNs, but give me crap skills for the long term. I've...

*shrug* There's another prop firm in my neighbourhood which offers training, but they charge the same price for schmoes off the street as to people in their firm, so I figured I'd sign up for their classes if I wasn't meeting my internal targets. If this doesn't work out, I'm not in a...

Trading for credits? Sounds like a hard way to make money to me. Even if it were possible, it's not something I'm pursuing actively. A friend and I are working on a couple strategies together, but we'll need to have access to more stocks first. To do that, I need to jump through these...

The apprenticeship program sets a number of milestones which ostensibly demonstrate our ability to handle the firm's money responsibly. As we meet the milestones, our buying power and personal freedom grows. When we reach our final milestone, we will take home a percentage of the profits we...

Is that an unusually high or low gross relative to my net? I could go both ways. Another trainee was trading the shaves on LU so was paying a lot of fees but not making much profit, so his gross was double (or more) his net. OTOH, for a few days I was taking BRUT credits on EWJ and so my net...

Seriously? I'm not living on $25/day. Scratch that. I'm not *even* living on $25/day :) I only get paid when I've finished all of my milestones, and then I will only make a percentage of my profits. If trading is a road to riches, I'd be the guy shuffling along by foot. Now...

Another good day. Got some more buying power and was able to take advantage of it, though once I hit my target of $25 net at 2:20 I stopped trading :) #trades: 47 #shares 12624 adj net: $26.8082 gross: $34.00

Stressful day trading. Got caught short on LU when it made a big move this morning and managed to get out for a small loss before it became a big loss. Went back to EWJ and stupidly tried to go for credits in the early morning without thinking that this only works when the stock is stuck in a...

dwl, I've no idea what real traders are doing. I do know that the *ETFs* on NYSE pay 0.22/100 shares which has been enough for me to be profitable.