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You are correct, you are an exception to this discussion. However, I would truly consider you just a simple customer rather than any sort of prop. type trader. As you said, I couldn't have thought of every type of trader in existence, especially at this late hour. All I can say is that as long...

Those futures firms that you speak of in Chicago will be out of business. I have no doubt about it. This is a very favorable time for futures trading (ie. commodities trend-following as their are major trends due to the increased political/economic instability which allows for revolutionary...

I'm not trying to pick on you, frankly, I have no problem with your response. However, I just read your last sentence about everyone trying to get through these difficult times. I really had to laugh and comment about that. These are easy to normal times! It doesn't get better than this. The...

If you want my solution here it is...Firm's cannot committ any capital at all to back their traders losses. If they do committ capital to back their 'super-stars' a 20% payout to the trader (as in a hedge fund if you are an investor) is very reasonable. Most traders should not be backed at all...

You hit the nail on the head. The industry is not in business to allow all traders to survive. Traders have no G-d given right to survive unless they are highly skilled. This is 'real trading', it's a tough battle, a war, only a few survive. I bet 9 out of 10 people on this board that are...

I agree with you 100%. I just feel that the firm's that are continuing to try to compete with the lowest cost providers, will in fact go out of business eventually (if not soon). This is particularly true of firm's that are risking some of their own capital on their traders. Thanks for your...

This changing climate has not come about because of a major sea change in technology. It is a residual product of the bull market in the late 90s. Traders still want to make a fraction of what they did in 99 (or even make anything for that matter) and Firms are also living in the past when...

If a trader loses his tuition money, does he get fired immediately? If you are taking ANY losses whatsoever, this is doomed. Sorry to be a naysayer, nothing against you personally, if you were a publically traded company with this model, I'm a BIG short. No offense..

I was speaking to a friend today and we were talking about the expectations that traders have regarding commissions, payouts, and just general entitlements. The traders that I refer to are of the so-called 'independent traders', 'day-traders' or whatever other term you would like to use...

Anyone really know the status?

Please contact me directly at nberger@aquilafund.com . Thanks. Neal.

I'm da man..:-)

http://ragingbull.lycos.com/mboard/boards.cgi?board=PEP&read=1001

Why is everyone stressing? On Oct. 22, the SEC put out the elimination of the uptick rule for 60 day public comment (in the most liquid stocks, soon to lead to all stocks). This is basically just a formality prior to instituting the new ruling. William Donaldson has clearly said that the...

Citizennobody, Why don't you just make it simple and explain the difference between the Fed Discount rate and the Fed Funds Rate target. These OMO (Open Market Operations) symbols and other verbiage make it too complex for normal people to understand. Here is the answer, in case anyone...

I swear, I have no affiliation with HLV. However, I'm wondering, what is your problem with that ad? If I understand your firm (Bright) correctly, you require traders to put up their own capital or at least some deposit. This firm states that the traders will be utilizing 'firm' capital to trade...

Any opinions? or experiences to share.. Thanks.

My personal opinion is that you suffer from a need for instant (and significant) gratification. One reason that you prefer the short side is because markets tend to fall quicker and more deeply in a short period of time than they rise. A rising market is usually like a slow gradual steady...

You can't trend follow a truly random 50/50 occurance. You would need to imply some level of non-random behavior in order to trend follow (or as some have said, cut your losses quickly and let your profits run-essentially trend following). Can one of you geniuses explain to me how you think that...