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Well, most of these guys are not trading moving average cross overs with directional ES trades. They have access to insanely bright programmers who build these guys NASA like algos. Honestly, I've seen some of their operations and these guys really have an edge. I mean we need to keep in mind...

Perfect! :)

So is putting down a 2k deposit at some chop shop and think you are going to make millions. No laws against dreaming in this country.

Yes, per month. They claimed it was going into technology cost, legal cost, IT support, etc. And I actually believe them based on what I know about the firm. Their legal bills went into 7 figures every year. Someone has to pay for that.

Bet me! You are 100% wrong. Don't call me names. Just bet me. We'll have Don Bright hold the bet. How much do you want to wager? If I win the bet I'll give your money to charity. Michael has been very clear about this. Very clear. It's specifically why he mentioned that they had traders...

No, I don't think you understand how the "futures prop firms" work. I don't know a single trader in the city of Chicago that does not have what's called deferred compensation. I know you're an equity guy so let me explain to you how this works. Say you go to work for firm XYZ. The typical...

No, that is incorrect. If you have 5k in profits, you have to lose 7k, to go back to the combine. I can't believe 700 posts on this and you still are getting this wrong. This is the whole problem. They are letting you give back all your p&l before they take any out. That was the whole...

BTW, this is specifically why almost every futures prop firm in Chicago pays their traders a draw. So the trader can go home every month with 4k or 5k in their wallet. Then get paid a bonus either quarterly or annually based on actual p&l. This keeps a trader from trading for rent which is...

Mea culpa on the 4k. I was using the 150k account with the 100k account. Anyway, the rest of your post I'm confused about. OK, let's try this again. TST is willing to wipe out your losses. We'll keep with their model vs mine. What specifically are you disagreeing with me on allowing...

Correction: I see that I'm mixing the Mav model where I would make traders pay back half the losses and their model where they eat the losses. Mea culpa. Even if TST absorbs all the losses, that's even better for the trader. It's still good for TST as well because at least they can lock in...

Let's look at some examples here. Let's use the 100k baseline account. Say the trader goes live and the first 3 months they make 4k each month for a total of 12k. Beginners luck. so they took home a total of 7200. that's cash in hand. The investor took home 4800. That is also cash in...

Already done that. Do you need some help?

<iframe width="420" height="315" src="http://www.youtube.com/embed/m_wFEB4Oxlo" frameborder="0" allowfullscreen></iframe> I swear I was really young when this aired on ABC years ago.

No problems here. Try clearing the cache on your browser.

Portfolio margin primarily deals with equity and equity options. It can also offset margin for index options using index futures. ES futures are already margined 20 to 1. No need to add leverage to that. But you will get better margin for trading SPY for example. The idea behind PM was to...

I probably know as much about portfolio margin as anyone on here. My firm was the first firm in the country to start offering them back in 2007. I could probably explain a few things to Don as well about it. Ask away...

It was a joke. In case you didn't recognize the line, it's from the tv show "the love boat". Come on ammo. Get a sense of humor. LOL.

I don't know that there is a real structural advantage to ETF's over futures. But here are some of the things to think about. One is obviously size, futures are much larger positions. Harder to scale. Futures are broad based. ETF's often give you the chance to get more detailed exposure...

I'm shocked that after being threatened with legal action and harassed hourly on 3 different threads that he is not around. Go figure. I'll contact him and set this up if you are for real. One of the ways you can demonstrate that is by acting like an adult and not making childish remarks over...