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    how would a non-profit prop firm llc structure work, could it work?

    both prop firm models are fundamentally flawed........under the commission based model, the firm encourages churning - which is the recipe for disaster in the long run........the trader never takes it to the next level if he is scalping for pennies everyday............and even if the firm backs...
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    how would a non-profit prop firm llc structure work, could it work?

    lol........don.......you're a great sales man....you really are.......and i spoke to you over the phone a few years back and you made great sales pitch i don't regret rejecting..........okay so if you're a trader here are you're options: trade from home in your underwear.........and live a...
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    how would a non-profit prop firm llc structure work, could it work?

    the firm won't be a broker........more like an private investment firm.......all commissions go back into the business to provide more buying power, better equipment, lower rates, healthcare, salaries for admin staff, etc........there are a lot of non-profit businesses out there.......don't know...
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    What trading style is better...slow and steady..or hitting homeruns once in a while?

    you have to do both........slow and steady is absolutely essential for the mind...........builds and maintains the confidence you need to continue trading.......slow and steady has to be your core system.......1 or 2 down days a month - no more..........position trade like 20% of your capital...
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    how would a non-profit prop firm llc structure work, could it work?

    since there are so many sleazy prop firms out there........i was wondering if a non-profit structure setup would work...........a firm set up by traders (who make money from their own trading rather than commissions) for traders (all profits go back into the business: additional buying power...
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    Average Hedge Fund Did Worse Last Year Than The S&P

    wow....thanks for the comment and the picture.....yes hedge funds may only match or slight lag the S&P.......but the lower volitility is remarkable and apparently worth it for many institutional investors.......remember when the S&P went down over 50% in the last bear market......hedge fund...
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    prop firm evaluations

    http://www.utropix.com/jmowery/PropFirms.html http://www.tradersnarrative.com/list-of-proprietary-trading-firms-735.html the above two links give a list of a lot of prop firms but i'd like to hear personal evaluations based on either visiting the firms, trading there, or talking to traders...
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    yet another IB PROBLEM - ORDERS

    i click on a stop market order - and i get at MTL market order i click on a stop limit order - and i get a MKT PRT order i click on a trail stop order - then i get a stop market order fcuking unbelievable - and today two stop market orders failed to trigger even though price traded...
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    NYSE short interest +7% in a month

    how would you know that?......besides if anything that is bullish news.......they'll all buy in at the top....happens every time........still too much disbelief out there..........my fellow dipsters did well today......as usual.....yawn.
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    Has anyone noticed the fighting in Lebanon?

    that would be.....a black swan.......200 sigma event.
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    S&P 500 very close to intermediate term top

    bro.....those are the most enlightening words on trading i've ever read.......thanks - fellow dipster.
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    My Experience at a Prop Firm

    regulation is bad.....SEC is bad.......PDT is bad........speculation is as old as prostitution..........you can't kill it.......even 99% of all mutual funds are market timing speculators......but hey even most prostitutes use condoms these days......and i think most prop firm owners need to wake...
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    My Experience at a Prop Firm

    let me tell you all how this will all end.......some unemployed guy will be browsing the jobs ads on craiglist........he'll apply for one of these trading 'jobs'........and surprise, he gets a call back and an immediate interview.....he falls for the sales pitch "unlimited income, total freedom...
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    Spx 1650 - No Pullbacks

    :) :D
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    the bears final hiding place - nasdaq and small cap

    bears got smoked in nasdaq today.
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    How will Asian mkts react to China's triple tightening?

    when in doubt, buy the dip
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    the bears final hiding place - nasdaq and small cap

    smoke em out!!! buy the dips!!
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    A world where the Efficient Market Hypothesis is strongly real is a world without the

    what proof do you have - yes there are tons of machines and programs out there, but there's also all kinds of new financial products popping up all the time. how do you explain ren. tech that does 3% of the volume on nasdaq and kills it yearly to the tune of 50%+. or SAC that does 3% of nyse...
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    easy money - lots of arbitrage opportunities out there (so easy a caveman can do it)

    perhaps arb was a wrong choice of word - but SSO and many other etfs out there are clearly mispriced compared to the more active etfs (SPY, QQQQ, etc.), hence present tons of opportunity if you have the patience. do a comparison - spy, spx, and sso
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    easy money - lots of arbitrage opportunities out there (so easy a caveman can do it)

    no way just look at SSO - ultralong S&P etf - can go for minutes without any trades being placed at all - only does about 240k shares a day. there are many others that are even worse.
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