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they run a tight, straight by the book ship.

send me a contact PM...i'll take a look (the returns look like BS) but we'll talk. portfolio margining is not for day trading FYI

i believe anything in box 1....

wher u go ? u still with popus ?

what box does the $1250 show up in ? that determines whether you'll owe self employment taxes. sounds like your a schonfeld trader

i was speaking in regard to popus atlanta. don't know much about the other popus outfits

under his umbrella of various trading entities, yes. partly owned by the mgmt group (if u could call it such i thing)

opus

i'm waiting for monty21 to chime in.... if he is still with popus.

most of these prop firms are glorified day trading shops. seems if the can give you a prop trading title and tell you your trading firm capital you'll sign up and pay their huge commish rates.

i also trade fixed income. even with portfolio margining in my personal accounts - i still have the need for extra bp. office, phones, bbg, tech support and someone to deal with BS that comes up occasionally.

ok, then back to my mid thread question. if 50/50, 60/40 is such a great deal - why are u self funding ? imho, self funding is the only way to go unless your a superstar trader slugging around huge size and risk.

so at the end of the day your trading your own capital, 4 to 1 and keeping 100%.......

some good points but no reason to act like your three. i never stated newbies should be making 10-40k/mth. go back and read my posts. just some comments, i've been trading long enough to see the rock stars of the late 90's blow out and are now working in other careers. having a larger...

don't know what firm he is talking about. these number are just my opinion, but, i think the average trader pulls down $10k-40k a month banging stocks around. not taking huge risk, huge positions and p&L swings. not a rock star, not a big swinger, just a guy scalping, taking some...

there is nothing wrong with prop firms. they can provide you capital and leverage well beyond what you may be able to self fund. in that case, their splits are justified. 90/10 is one thing, i just don't see 60/40 or so.

granted on your first points. so basically, no way to get into the game - so any deal is better than zero. good luck trying to get your commish below .008/1000. i can tell you that will never happen. you'll only be allowed to swing when you built up a decent P&L for your firm which...

from what i've read, that's a huge plus. YOU have no capital at risk, pay high commish rates, get paid out at 50-60% of profits but your a PROP trader. go figure.

i'm just trying to get a handle on the psychology of the average newbie trader out there. i'm a prop trader. i have a 90% payout but my capital is at risk. my firm has a no capital in, 50/50 ish payout plan but i cannot fathom how, why it makes sense. sure, they claim they'll eat the...

LOL. unless it is one of the mgmt group NOBODY in that office is making that much. more like $250,000.01..... thats a good one.