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could always trade the /ES... margin reqs are < PDT reqs. I watch it like a hawk anyway while I trade equities...

The firm that I'm with has a 85% payout. In hindsight, I probably would have been better off going with a firm with a lower payout. Lower payout firms have some stake in you trading successfully, versus churn and burn with commissions.

I've given some thought to starting my own trading business (i.e.: holding company or capital mgmt company etc). My goal was to gain experience trading with a prop firm and eventually build my account to a point where I could leave with sufficient capital to go on my own. Another option would be...

Thank you for your response. I am eligible for lower comm if I trade more volume. I'm turned off to giving them another penny in comm due to the audacious way they raised my fees without giving me fair warning. I feel like they are trying to increase my changes of ruin or failure. That seems...

I'm a class 'B' remote trader with a registered prop firm in Manhattan. I've been with these guys for 11 months. The 11 months have been rough, full of ups and downs. Generally I've been very frustrated with this firm and their lack of service & communication, but I've pushed forward regardless...

I own "Trading in the Zone" by Mark Douglas, but not this one. I've already found it on PDF. I'll start reading it. I just ordered a book titled "Self-discipline in 10 days" as well. It received some good reviews and I'm looking forward to reading it. I need to work on strict consistency...

No apology necessary. If that is the best advice that you can give me, then that is exactly what I will do. I saw this post yesterday and didn't respond. This was the very first thing that entered my mind as soon as I woke up this morning. Let's see how I make out.

Bingo. You hit the nail on the head. I would absolutely say that overall lack of discipline is the root cause of my challenges (old and new). While my discipline has improved over the last few months, I still fall short from time to time. These entries are from < 2 months ago, so I can't...

No, I don't mind at all. I tend to be VERY hard on myself when I review my journal. I've toned it down a bit for this post, but I will beat myself up pretty bad when I make mistakes and don't follow my rules. Believe it or not, this draconian drill sargent type of approach towards myself has...

I'm confident that I would get a new account into positive territory because although I still make mistakes, the mistakes are less common now then they were nine-ten months ago. I understand that's not a long time, but it's been a valuable experience for me. I've learned what NOT to do for the...

Sure I traded small size relative to the account size... You can trade a single lot of NFLX or TSLA and sit there like a deer in the headlights as it moves against you three or four handles. It's not necessarily the size, it's how you manage the position. I've made mistakes - that's part of...

I'm trading Equities. My PnL reports show that I've definitely improved, but I still make mistakes. 25k was a round example for the sake of easy math. In my case, I've drawn down about 11k from a 13k account. Nothing to sneeze at, but nothing to slit your wrist over either. It's an 84%...

This is my first experience with a prop firm... I'm approaching this like I would approach it if I was using a broker and I felt they were making me jump though hoops. I need to remember that this is very different. I've been trading much better recently compared to my first few months, but I...

I have to check but I think you're right about registering with another firm during the lock-up period... Scratch that idea. It should only take me a year or so to climb out of the hole and get the account positive.

Surf how long did it take you to turn the corner and go from train wreck to a consistently profitable intra-day trader? Do you trade discretionary, systematic, or a mix of both? I'd love to hear your story. Despite the crap that you get on this forum, you are one of the few that seems to have...

ENTJ That makes sense - I've been told that I'm "wired hot"... I'm still struggling as a trader. I've only been trading seriously for about nine months. I'm not net profitable..yet... I'll get there sooner or later.

I started trading remotely with a registered prop firm in January of 2015. I am working towards profitability but I'm not there yet. I've drawn down over 75% of this account over the past 9 months. At this point if I want to continue trading with this firm, I will need to add funds to my...

I need to focus a little more on that... That's a good one that I don't think about too often.

Yes... absolutely.

Great feedback guys. I'm looking at these replies and smiling to myself. I know better then this. I shouldn't have traded at all today. I still work and I had to let someone go today. It was my first time firing somebody. I was on the road in the AM and I didn't open my DMA software until...