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Good scalpers understand what "I trade what I see" means. Most other traders just don't get it. To summarize, it means being able to trade the price action for quick scalps. A good scalper can type up a stock they've never traded and make quick decisions based on the speed of the prints, the...

Sure, 50K a month in gross profit and 40K of it probably goes to commissions. Nice!

Yoyoman, your college recruiters are useless. Find alumni who are in positions of influence and network the hell out of them.

At the beginning of each trading month, you start out at zero. It doesn't matter what you did the month prior . There is no rolling total. If you're net negative for the month, you won't get paid until you're net positive.

You really want an edge? Okay, the edge that will make you successful as a trader is the ability to control your emotions and act objectively when you execute your buys and sells. You have to stick to your trading plan even when your heart is racing, palms are sweaty and you're...

That's a great deal for a new guy!

How much do you have to put up? For a newbie, this looks like a good deal. You can definitely make money. If you do enough volume, you'll be able to lower your rates down the line. Are there any other costs (i.e., desk fees, training fees, etc.). If there are none and the .08/share is...

What prop firm will give a newbie $1M-$3M in buying power? He'll be lucky to get $150K. The bigger leverage only goes to experienced, profitable traders with a large bankroll to begin with.

You brought the flaming to yourself by being caught in a contradiction and making a poor attempt at a cover-up. Adios.

Ahh...and now we come to the REAL reason why people flock to proprietary trading firms. It is the rallying cry of the New York Lottery and casinos all over the world: "All you need is a dollar and a dream!"

Hey Pkny, In today's tough trading environment combined with a $150K trading account at a prop firm and a commission rate of around $1 per thousand shares (in addition to who knows what other charges a prop firm will bill you for, like desk and training fees) I'd say that making $100K-$150K...

If you're interested in cracking the Trader Monthly 100, your best bet is going the traditional route and joining the Sales and Trading arm of a major financial institution, broker-dealer or established hedge fund. The days of the Dan Zangers making millions of dollars starting out with a few...

I'm not saying that WEALTH is a zero sum game, because wealth can be created from brain power which is theoretically infinite. Heck, look at YouTube and the wealth that was generated by its founders! But stock trading, a game with a finite group of participants and finite prices, IS a zero...

Slippage and commissions in trading are considered part of Costs of Goods Sold and are fixed costs. All traders factor this into the stock trading game as an expense to be overcome, along with systems costs, desk fees, etc. This doesn't mean that trading is not a zero sum game. Trading...

When the cotton gin was invented, then cotton manufacturers became wealthy, not "the world". Demand was created for cotton products and a Darwinian cycle was created among the cotton companies. There were winners and losers as manufacturing processes became more advanced. Automated processes...

When a company goes to zero on an exchange, the companies competitors will benefit. Again, another example of zero sum game. If the entire US market goes to ZERO then the economies of other countries (China, India, England, etc.) will reap the benefits. Again, this is a zero sum game...

For the love of God, can't you people see that stock trading is a zero sum game? For every stock trade made, one person makes money and another loses money. Just because MOST daytraders lose money doesn't discount the zero sum theory. It just means that most traders stink. The good consistent...

That is the funniest stuff I've read in a long time! Thanks for making my week!:D

Is this net or gross? I know guys who bring in 1-2K a day gross but after ticket charges eke out a few hundred bucks (if they're lucky).

Trading income does not rise from year to year. It's not like real estate. You can make less in year 5 than in year 2 and vice versa. Remember, every day your P&L starts at zero (if you're an intra-day scalper). You're at the mercy of the market for the most part. Even if you start...