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Your large share size (10K) is your bread and butter, yet you only do 40K-100K shares a day? Do you do one trade every few hours? You won't exactly have prop firms banging down your door! Since you don't want to take your series 7 and you do very low volume, you're better off just opening...

If you'r a newbie, there isn't room for any negotiation. Experienced prop traders with a record can usually negotiate their rates and payout depending on what they can bring to the table. Just do your research and talk to a bunch of prop firms and other traders so you can make an educated...

Stopped out of my position last Thursday at $710 but filled at $708. Still made $24 on my core position (500 shares) so I'm not complaining. Staying on the sidelines until I see some clear direction. Ready to go long or short depending on technicals.

When the futures start turning around, load the boat on GOOG. Trust me, you will make a crap load of cash! Broad based indices are being hammered but that doesn't change Google's solid fundamentals. Just buy on the dips!

Even when the evidence is right in front of their eyes, people can be so stubborn...:confused:

This stock is in an obvious upward trend. All of the stochastics and moving averages point to an upward trend with no reversals in sight. The fundamentals on this company are sound. I can understand wanting to scalp a little on the short side if you're a very short term player but you'll...

Exactly right.

lol, why don't you try being long you stubborn mule!

It's on its way to becoming a $20 stock. Watch and see...

GOOG $800! Joab, thanks for your small contribution to my P&L!

True, these shoes are extremely comfortable, but the barriers to entry are super low and they only have a patent on an alleged super polymer (aka plastic) which is really a "croc" of sh*t...

CROX is a one-trick pony and demand is starting to dry up in the face of increasing competition from knock offs and changing consumer tastes. I see this company going to $20 by next year.

Rule #1 of trading: The trend is your friend Rule #2 of trading: The only thing you get from picking bottoms (and tops) is smelly fingers. Go long, you fool, and STAY LONG until there is a CLEAR reversal!

I guess math skills aren't too important at that firm!:p

That sounds pretty sweet for a newbie! Go for it!

Those books are decent but you're missing some real gems like: "The Practical Speculator" by Neiderhoffer "When Genius Failed: The Rise and Fall of Long Term Capital Management" by Lowenstein

I'll bet you're sweating bullets with those 100 shares, huh?:p

A stock like GOOG needs at least ten points of wiggle room!

I hope joab shorts this stock so when he gets squeezed it'll blast my position up a couple points. Please keep shorting joab!:D

I wanted to add to the comment on how a prop firm makes money. Not only commissions but also monthly desk charges, training fees (i.e. continuation education) and seminar fees. As far as commissions go, 0.004/share is actually pretty good for a newbie. If you can't make money with this, then...