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the following message I found on hitman's "Elite Trader Uncensored". He asked for it to be posted in this thread. { SOMEONE WITH ET ACCESS PLEASE POST THIS ON THE ET BOARD, WORLDCO RIP THREAD. Just read the post by some idiot on ET about Worldco going under. Now first of all, what...

i think he's attempting to be humorous. sarcastically.

I was told to study for the series 7 by just doing the practice exams from STC and studying the explanations to each question. I did this for 2 months and passed the 7 with a 92%. I'm just about to start studying for the 55, and I'm considering studying for it in the same manner that i did for...

Do you use a set limit? % or $? Does it depend on the stock? Market conditions? Volatility? I don't see many threads on this vital topic. I haven't started day trading yet, but I will soon. I have a pretty good strategy, on paper anyway. The only component I'm still debating is how to determine...

in the philly area. IM me on aol instant messenger if you want to chat about trading - my screenname is billygnos9. i'm always looking for more people to talk trading with, so feel free to say hi. :)

Mine was 1 share of SIEB on Feb 4 1999 - a big mover that day. I I lost something like $10 on that trade, plus $20 for datek's commissions. My what a difficult education it has been...

Thanks Gene. I already have spoken with Anthony at the Berwyn office and I don't have the money for the initial deposit yet. I would trade there if I did, though. I have heard good things about your firm. When I have some capital I will check it out again.

I never went to work for Generic. They couldn't sponsor me because they aren't registered in PA, and I am a PA resident. This all happened back in February... Yeah, I was extremely angry and disappointed. Right now just looking for a regular job so i can save up some money. Then i'm going...

Was this segment on Business Center? If so, I could catch the replay tonight... I'd like to see it.

I'm about halfway through the original Market Wizards. It is by far the best book on trading that I have ever read (I've read 7 total).

What college did you go to? Provided you went to college, anyway. What was your GPA? SAT scores? Major? I'm trying to get a sense of how smart all of you are. I'm interested in the correlation between quality of education and trading success. I went to Penn State, majored in Finance. GPA...

http://money.cnn.com/2000/03/10/markets/markets_newyork/

Thanks Toptrader. I have been to the Lieber office, and I would trade with them if I had the money to put up. But I don't, and I'll be working some other job to save up the money. When I have saved enough, I may go trade there.

I know of a Generic Trading branch in Woburn. I have a friend that trades there. If you want some info, email me with any questions and I'll pass them on to him. mwz9@hotmail.com Mike Z

So I agreed to start my trading career with Generic. I got my Series 7 study materials, and I have been hitting the books hardcore for the last two weeks. And then I receive a phone call today: "Umm, we have a problem - you can't trade with us because we aren't registered to do business in...

I realize this. I don't feel as if I am getting ripped off. What eventually convinced me to go with Generic was that I feel that I will get a quality education there. The office is small and the traders there seem helpful and knowledgeable. I appreciate all the different opinions that were...

This IS the first prop deal I've ever been offered, and I am not licensed as of yet. How much better of a deal could I really get?

Also, Speedracer, it doesn't matter to me if I trade Nas or NYSE. I think if I a good trader, I should have no problem making money with either exchange.

I am wary of getting ripped off, although I don't know how to protect myself against it. I don't know enough about the business. Which is why I created this thread. I am not looking to scalp. Trading hundreds of thousands of shares per day does not appeal to me. I'd rather be more selective...

Thanks everyone for the responses. The payout percentage isn't my only consideration. I haven't been offered a prop trading position at a firm that doesn't require an initial deposit, otherwise I'd be in favor of that (or even better - to be paid a salary while I am learning). I understand that...