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covered 1140.25

Short 1144.25, covering at 1139.25

Started with 25k in account, had 100k saved up to cover 2 years of living expenses. The 2 reputable firms are Bright and Echo. Prop can get expensive if you are carrying positions long term leveraged. Commisions as well with less volume. I guess it all depends on what you are looking for...

150% ROIC in less then one year still pretty decent

There is a reason why you are having a hard time. First off, institutions are not hiring traders, they are firing them. You need a track record to get a job at a fund. What you are looking for is no longer available. Times have changed. Either document your 300% return and be prepared to...

Congrats on your success in trading. Based on your results this year, seems like you have a trading system with a positive expectancy. Maybe keeping that in mind will help you with your anxiety while in a trade. You have a trading plan based on rules that have been proven out so set it and...

Man neke. I feel for you bro. I've been in your shoes. Painful to watch. Taking time off does not mean defeat. It allows one to be objective about what is going on. I don't think u have tried that before.

For those with accounts less then $5mil, you won't be able to move to a prime broker. And, you won't get any more leverage then what is available at IB.

You will need volume and sell off in bond market to get this thing to break above 1225. Broken bear flag is not enough.

Good luch on your search.

Whatever bro. I guess you cannot state an opinion on IB without others twisitng your words.

My original post: 09-19-11 05:16 PM Not a big deal IMO. Small cap stocks are risky. They are protecting themselves. I don't think you will see a max exodus from IB because of that. For all you that are twisting my words saying this and that, I am stating my opinion on the matter. Some of...

Kudos to you. Correct me if I am wrong but am I telling you how to invest, NO. I am simply stating my opinion on this matter. If you can't take that for what it is without getting heated, I'm sorry for you. Based on your response here, sounds like you got affected by this change in margin...

And if so, that is the risk "you" take in trading. No wonder so many people fail in trading. They simply do not understand the risk they are taking. If it gets changed on "my" positions, so be it. It is all part of the game. Microcaps are risky to begin with. Using leverage to trade them...

Not a big deal IMO. Small cap stocks are risky. They are protecting themselves. I don't think you will see a max exodus from IB because of that.

He will keep doing the same thing over and over until he blows out his account. I hate to say that and I don't wish it on anyone but if you can't stop at 40%+ drawdown, you won't stop. I know many traders that have done it. Some come back and became successful and some came back and did it...

Consider TBF if you want to play this. Still a small amount of time decay due to use of derivatives. IMO, treasuries still have time before yields start to turn over. Euro crisis will keep yields low for the time being if not move them lower from here.

Lol. Actually you are wrong. It is guys/gals like YOU that are blow-outs that vent your frustrations by trying to criticize those that actually know how to trade and are trying to help someone.

Implementing new strategies during a time of drawdown is not a way to get the equity curve growing. You should never loose 5k on a new strat if sized appropriately. Stop trading for now, review your trades that have caused the drawdown, and get back to basics. When you start back, have a risk...

Don't leave your job unless you have enough money to live off of without counting on income from trading. Remember, 95 percent failure rate. And that stat is real.