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if anything, it helps those type of prop firms. More opportunity to add liquidity.

The payout split is 90/10

Don't $1k class is a great value, no doubt about it. You'll need to have a little more skin in the game in terms of capital if you want to do pairs. If you're looking for education, for $1k you will learn more from bright than giving t3 10k to waste on more marketing.

I should know that given I trade with WTS. I guess that's where this fusion software came home. Blackwood pro from Dimension. Most of the groups are not WTS groups. Only one or two in the list are. Broad St. is a CBSX BD. CY Group is independent. Lake St. is not a WTS group. Echo is...

How much capital are you looking to put up & what type of securities are you interested in trading? "recommend a prop firm" is pretty vague, considering they come in literally dozens of different business models. if this is regarding the first part of the thread with the $1500 deposit and 30...

I agree, Don. Better to spend $1500 actually in the market than on an educational product. Especially if you can trade on-site at a firm with more experienced guys.

Read the thread about "the dangers of leverage" 50k for $1500 is 33:1 and considered high unless you're really restricted in the symbols you can trade.

You can make $$ on SIRI, S, BAC, C, and other high volume stuff when rebate trading. It's probably good for n00bs because it's low risk, however, it does require a lot of discipline and it's very tedious and repetitive. learn to program and automate it.

You're not going to make $40,000 off $1500 in one year. there's a 90% + chance you will lose that $1500 within a few months even if you are very conservative. If you just want to try trading and learn the basics, I think $1500 is a low prices entry to day trading the markets but I highly doubt...

Just trying to get the consensus on what the Volcker rule will do to liquidity in these markets. Perhaps Mr. Bright or Maverick can give us some insight on how he sees this affecting the industry.

This is correct. A) Some firms pay a salary and and keep the majority of profits. Trading styles are typically pretty restricted. These are firms like Jane St., First New York Securities, Jump Trading, etc. They typically require a degree from a good university in a quantitative field of...

I think if a firm is offering $1500 deposit, it is a good opportunity to get your feet wet. With the price of other education nowadays, I think participating in the markets can be a good experience but by no means should you expect to make a living off a $1500 deposit. Just think about the...

those costs do seem high. About $200-$250 for data,accounting software and a good platform is all you really need. I don't know of anyone who charges a Desk-Fee for occupying space. That seems like an extra fee. Unless you are using RediPlus or another platform with capabilities like access to...

I did not say it is impossible to keep your risks proportioned using leverage. I was indicating the danger in excessive leverage for traders with small accounts that certainly exists. I've seen quite a few traders equate leverage with potential profits without assessing the risk involved for...

1. That's simply not true. Some may have worked for a salary in the past but to state 95% have had a salary in the field they opened businesses in is simply not true. Most people that open businesses do so because they don't want a salary and want to reap the rewards of their labor. 2. I have...

You've got it totally wrong. Conducting your business as an independent professional requires taking the risk yourself. If you want a salaried gig, you generally need it for financial security, not to be successful at you do. Many independent business people who rely on themselves do not...

those are impressive figures. what type of volume are these traders doing? are their strategies similar or completely different in nature?

I think you also have to add in the independence aspect. Being able to hold any firm's feet at the fire because you know there is competition and others willing to give you a good deal for your business. That's what good ol' fashioned Capitalism is about. Don and I were talking about the...

anything you make or lose goes into your equity (which starts out as your deposit. any profits or loses are added or subtracted from here. If you deposit 10k and in 1 year your equity is 5k, you can withdrawal it. The amount you deposit is required to be locked up for 1 year. So any penny...

You are correct. with CBSX firms, you can withdrawal all profits but not any capital contribution or deposit make into the account for 1 calendar year.