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Then don't.

:)

For starters, newbie would not be allowed to short 1mm even if he has the leverage. Also, props have software that limits the size of trades that anyone can enter for any single stock, so that in effect helps diversify newbie's risk. Software also has feature to auto-liquidate when...

drasfs, Just a heads up on fxpeacearmy and it's former incarnation, fxbastards, when you get a moment, it does you well to do a search here with the subject Felix. Don't want to repeat what has been writen many times over, so pls take a read. Like they all say, information is power.

I heard he lost 5k making change for a $20.

If you pm'd me like asked, then I did, but alas, you didn't. Besides, reading thru your posts since you joined, it seems you already have all the answers (the swagger to go along with it.)

A better link is to check out the financial soundness of each firm here: http://www.cftc.gov/marketreports/financialdataforfcms/ As you can see, both have over 100MM in excess net capital requirements as stipulated by CFTC, so from a financially sound basis, both are good choices. Why...

Keystone Trading is a firm run by 2 former guys from HLV. They left as HLV continued it's spira downward and before Velez took control of what was left. From accounts by those familiar with these guys, not from people who have no idea wtf they are talking about these 2 were considered the only...

"trade firm capital" is another term for they give you leverage for YOUR deposit. Losses come from YOUR deposit. Commissions come from YOUR deposit. If your deposit shrinks to a certain level, your trading privileges are suspended until you deposit more money.

It took me a step to figure out who you were talking about. Why not just say Heath Ledger died, son of guru Larry Williams? He's better known that way.

I use it. Been doing so for almost 2 yrs. PM me and I'll give you the heads up on the system and firm. There is alot of misinformation in this thread (and the board as a whole) from people who don't know WTF they are talking about or have ulterior motives in their posts. (one guy who hasn't been...

Don't be lazy, call/email them and ask.

MFGlobal uses a Currenex front end for retail and smaller institutional clients.. If you want to trade various brokers, look for a prime brokerage setup. This way you can enter your trades on multiple platforms thus expanding your liquidity partners considerably w/o divvying up the assets...

A firm takes the capital risk, i.e. no deposit, and this is a "rip"? What should it be then if you are trading firm's capital?

Capital One Online Savings and Money market accounts for business or personal. Current rates @ 4-4.25%. Monies accessible either thru check writing(MM only) or debit card (not VISA or MC) Schwab Banking. Current rates 4.4 %. Amongst others. Both accounts you can have monies wired into...

You could have a record and still get a series 7 license (albeit, after a length of time) so having a brokerage won't prohibit a "criminal" from getting an account, unless the crime in question was securities and or fraud related.

My thoughts exactly. Eh! What do you expect when ANYONE can post here, not just the elite. Kinda reminds of that emasculated daytrader from ETC(?) that kept polluting the Prop forum with his therapy lessons.

I use 1and1 and GoDaddy. I started with 1and1 VPS but upgraded that to dedicated server and got Godaddy VPS as a backup. 1and1 and Godaddy are about the same, 1and1 has more global exposure. I know we are talking costs here, but for your trading, the xtra cost of a dedicated machine can...

Update: I have had this vps service for a little less than a week now and I have to say that I am EXTREMELY disappointed with the service. First, I had my 2 day outage (it took them that long to restart the vps), then to get ports opened for specific software features is difficult to get...

Laser vs Sterling is not a direct comparison. Sterling is a trading front end that is used by various brokers for execution. Laser, as far as I know, is a front end execution for Genesis Securities only. I don't believe they license the software since it is so closely tied to their servers for...