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Bagger What.......the.......fuck.......was......that? Wow.

Lucias, you think they would let a complete stranger over the internet lose 30k to 150k of their money in return for 150 to 300 bucks? What? LOL. Lucias, I will be shocked if there is one more person that comes forward and admits that. That is the most outrageous thing I have ever heard in...

Are you serious? You honestly think they would transfer 30k in cash over the internet to a complete stranger and put it in your name after you send them $150 bucks? Did you think this was a Nigerian e-mail scam? Good lord. All the trading is down out of one account and that account is in...

OMG I give up. I cannot believe you do not understand the math. There is NO MONEY! Stop saying they give you 1k. there is no money in any account. They are giving you a risk limit. That's it. As for their daily stop, it represents 2% of the alleged equity account. That's all it is...

Swan, you obviously have read zero of the other two threads. This thread is in response to 10 posters who ASKED me to post this thread. I gave them my word that I would and I did. Do you understand. I'm trying to be civil with you. Lucias and GMST both asked me to write up an alternative to...

Jesus man, I should be given the humanitarian of the year away for keeping this conversation going. Lucias, here is my logic. They, like me, believe that traders should risk 2% of their "equity" a day daytrading. The 2% number of the daily risk matches up with the "account size". For...

I'm not attacking you. You keep saying no one can do this yet there is mathematical evidence to the contrary. They have 24 live traders right now. Who knows how many they have had total. But they publish all their combine results and they put all their interviews up on youtube. Just figure...

Lucias, I'm not sure if you are a card carrying communist or something but Michael runs a business. He wants to be profitable. It seems at least right now, they have found a way to make this model work for "them" over the short term. Whether or not it works long term, we'll have to see...

Lucias, they have 24 live traders right now. What they are doing is working. They are not going to change it because you are asking them to. Maybe you should study how those 24 guys made it work and do it.

I have stated at least a dozen times on this thread that I have ZERO intention of backing any traders. This thread was an exercise. Nothing more. I accept that fact you probably have read little of this thread or the other two threads detailing TST so I'll leave it at that. I backed traders...

It wasn't mean to be an analogy. It's simply a term to describe a process.

Lucias, by successful I mean that SMB is not letting their traders bankrupt their company. And I think they are making enough out of the fees to justify the effort. I doubt any of their traders are very profitable if at all. As far as prop firms in Chicago, Lucias, we have been over this...

Hey you know what, I actually felt some sympathy for him and I wish him no ill will. I went through the journal to demonstrate how he looks at risk which was really important in this dialogue. He keeps saying TST is too strict. And after reading his journal, I finally understand where he is...

http://www.smbcap.com/careers/smb-young-guns I'm signing Lucias and gmst up!!!!! The Jesse Livermore Scholarship for Active College Traders Love it! Come on kids, get on this!

Let's look at why the SMB model is successful. They are an equity prop firm but I think they are now getting into options and futures as well. With SMB, you give them 10k up front. That's an education cost. They teach you their methods and then put you on a simulator for some period of time...

No, the purpose is to work on different skill sets each month since there is no p&l objective. So there is no possible way to pass in one month. The trader would get paid every month, 50% along with the backer. No deferred equity. However, if there is a debit, the trader must make back...

Actually gmst, you are right. Most new guys, myself included blew up accounts. I'm not knocking you for that. What I'm saying is if you took the time to listen to what others are telling you around here is that you should not be trading real money yet. This is precisely what TST is good for...

This is absolutely absurd. However, I'm not going to berate this guy anymore. I'm going to give him now the best advice he will ever get and it will probably be the same thing his mom is telling him....gmst, go get a job. You'll thank me when you get older. Trust me on this.

OK, so I should have read this guy's journal before I ever bothered to converse with him. My bad.