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The prop firm will take both traders because profit is profit and beggars can't be choosers.

Hmm...must have been a recent development. I met them back in November and a Series 7 wasn't required.

As group leader, you are free to negotiate terms as you see fit. It has to be a mutual agreement between the group and your prop firm. Remember, the prop firm needs you as much as you need them. In a tough month, your experienced traders should still be hitting their volume requirements...

At some firms, each seat has a minimum desk/software fee that needs to be covered. As a group leader, you will be responsible for these. They can usually be offset by the profits made off the more experienced traders.

If the firm is a member of the CBOE, then no Series 7 is required to trade firm capital. Echo and World Trade Securities are set up this way.

The only strategy that works is to cut your losers and let your winners run.:cool:

Ha! Some of the guys on my desk set their special buy/sell keys for 1 dollar through the market. These are reserved for those special balls to the wall mega bounce days! :D

Nice! Very similar to my layout except I use my left hand keys for buy orders and right hand keys for sell orders. To each his own!

If you're trend following, speed is not important. If you're scalping a fast moving stock, speed is everything. Obviously, you've never watched a fast moving stock that's in play. You probably just look at the Level 1 quotes in your Ameritrade account. What a know-it-all!

You have to map your orders to hot keys on your keyboard. Example: shift+L equals bid on ARCA, shift+S equals offer on ARCA, etc. It's like playing a videogame. If you try to enter your orders with a mouse, you're doomed. It's just WAAAY too slow!

People that say scalping does not work have no clue. I can consistently scalp any fast moving stock. Today I traded GS exclusively for 100-300 share lots and made $800 net after commissions. The trick is to buy on the bid on the pullbacks and sell into the up moves. Never, ever pay the...

Video about a day in the life of an SMB trader http://www.youtube.com/watch?v=UbdzWfEzQ0I

A friend of mine completed the SMB program. He believes that they offer the most intensive training program for daytrading in the country. He's now a very consistent trader. You will definitely learn the skills needed to be successful. I'd contact them for more info if you're serious.

Same strategy employed by all the other day traders: Buy low/sell high and Sell high/buy low

I have spent the last year masquerading as a "Yes" man. I've studiously affected various obsequious mannerisms. I've stylishly adopted a combover and I wear coke bottle glasses that magnify my pupils to the size of half dollars. I wear polyester suits with short sleeve dress shirts and a...

For the last time, France only showed the Israelis the theoretical aspects of building a nuclear reactor. France only got the Israeli nuclear program to 90% completion. It would have never been completed until the United States provided the heavy water and other key materials to create the...

Again, an ounce of knowledge is dangerous for you. Does your history of US involvement in the Israeli nuclear program end in 1960? The Israelis aggressively pursued an aircraft delivery system from the United States. President Johnson was less emphatic about nonproliferation than...

France's involvement in Israel's nuclear program ended in 1962. Israel didn't field a nuclear warhead until the 1970s. And the delivery systems for the nukes were US missiles. While the French started the research, the US surely enabled Israel to complete their nuclear arsenal. You should...

The United States enabled Israel to become the only nuclear power in the Middle East. With over 100 nuclear warheads, Israel ranks #6 right behind China. It doesn't matter if Israel is the tiniest country in the region or if its army is outnumbered a billion to one. Israel certainly carries...

It's easy for the Israelis to posture around like the big kid on the block when they enjoy unlimited US backing. If Obama decides to cut the umbilical cord, then we'll see how much of a bad ass Israel really is.