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That's a good question. I'm just a fan of interactions where two parties are acting toward the same goal. It ensures more trust and commitment to success. Also, a firm would probably receive a higher caliber of entering trader if there were a salary instead of a draw or nothing. If someone is a...

Just doing a little spit-balling. I'm thinking more of the trad'l hedge fund structure. Why don't prop firms such as yours expand by opening a hedge fund-structured office. My thought process is the following: When the firm's main stream of revenue is from profitable trading and not...

Don Have you considered opening a desk where it's more positionally-based with a larger profit share? Similar to the hedge fund model. General idea could be 50/50 profit share or whatever - I haven't worked any figures. It would seem like a good idea and a chance to diversify the business...

I appreciate the response but those are minor issues. Startup costs: Not as expensive as one would think Licensing: I never said people shouldn't get licenses, although by the time the SEC cracks through the hedge fund industry for licensing it will be a while from now - hedgies are...

Instead of having to deal with all of this stuff, why don't the owners of these offices just structure their office as a legitimate hedge fund and hire traders. The salary could be minimal and mainly performance-based with a hefty profit-share going to ownership. This way the interests of the...

I'm interested in this as well. It would seem to me only the bank props and hedge fund props handle that sort of trading. I'm open if there are some though.

Haha yes indeed, OoF. I would not be writing just buying.

StockApprentice Define gotchas for me if you don't mind. Also, why start with futures where unlimited risk is when FoO offers limited risk? Thanks

If someone with success would offer some guidance as to whether or not options on the ES would be worth trading or if straight futures would be the better route, I'd appreciate the help. Thanks

One thought would be to trade international markets. Wake up a few hours earlier and trade Asian markets (assuming a normal 7/8 - 5 schedule).

bump

Yeah *Go on a strict diet *Take something you enjoy, like watching tv, or whatever, and stop doing it for a month

It's probably a hedge.

Keep the comments to productive responses on this topic please. There's no need for it to fall into the typical personal attack thread that so many others do. I'm currently an Equity Trader for a wealth mgmt firm but would like to try prop trading out for a week or two (using vacation time)...

One thing that will help relax your mind while you're away is to close out all your positions while you're gone. Every single one. Then you have no reason to check the market movement.

I was lucky enough to get a tour a year or two back on the NYSE. They use hand signals or instant messages to communicate. Everyone carries around mini-computer things that allow you to go back and forth with your team. You get quotes on them as well. When you're buying/selling you still...

WallStreetSurvivor.com is legit - great for competition as aforementioned. Yalicoo.com is decent - again, competition based.

We're definitely not fully priced in for recessionary earnings yet. Look at what happened to health insurers today. The second shoe has yet to drop. Also, this is certainly cause for concern. http://www.bloomberg.com/apps/news?pid=20601109&sid=aU9CQgvfHRzI&refer=home

could always double up on the short at this level, or do a 3:1 on it. Odds of bankruptcy are fairly significant.

Nobody 'throws a bone' in business unless it's a cash-flavored bone to themselves. TMA has margin calls it has no way of answering in such a short period of time. To describe a long position in TMA as a hedge is ridiculous - a hedge would be buying the QQQQs or a quality finance company that...