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    Prop Trading Firms & Penny Stocks?

    Nothing on this since Sep of 2011, has anything worthwhile changed for any firm out there?
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    Does anyone follow this strategy?

    Even your post says "guessing", Just because there is volume doesn't mean there is valuable information there or anything worth trying to exploit. For example, maybe I daytrade in and out of 500 contracts, volume of 1000 posts and average daily volume is 10. That volume shows up as much...
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    Proprietary/options Ecn?

    What I gather then is that your opinion is tuff it out through retail channels because whatever deal I would find that would allow me what I think is the flexibility to execute my strategies, would actually give a greater edge to whichever firm made me the offer? thus removing a piece of any...
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    Is day trade options really viable?

    almost an exercise in futility. with all the other viable trading strategies out there, it almost seems as if it would be a waste of time. Why not use a strategy where you start out with at least a 50/50 set of odds? you could use more expensive options that would move closer with the stock...
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    firm a fake?

    BELOW IS POSTED TWO PRIVATE MESSAGES WAGGIE SENT ME WHICH TO ME SEEMS AS IF HE/SHE OWNS STOCK IN INNOVATIVE OR OBVIOUSLY WORKS THERE: MY RESPONSES THROUGHOUT WILL BE MARKED BY ** ON EITHER SIDE, IN THE DAYTRADER DAVE STYLE FOR YOUR PERUSAL: FIRST PRIVATE MAIL THAT WAGGIE SENT ME TODAY...
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    firm a fake?

    Hey Don, I know this has been beat to death, but let me hear you tell Lawrence McMillan that there is no money to be made off the floor trading options. I have been making money for years trading options off the floor but it requires some patience and a different strategy, and yes, it includes...
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    firm a fake?

    Hi, I appreciate your input, a couple of the posts dont take into account that I will probably be trading quite a few options, I already spoke with Cash Coyne as far as remote setups with Bright, and it sounded ok, except for Bright's option setup. Bright actually discourages option trading...
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    firm a fake?

    So, here is what innovative said they would get me as far as commissions for stock share trades and options. 1share-100,000 shares/month: .0135 + ECN pass throughs 100,001 to 200,000 shares/month: .013 + ECN pass throughs 200,001 to 300,000 shares/month: .0125 + ECN pass throughs...
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    firm a fake?

    for my official offer. I have gotten some from them, and when I dont like something in there and I have asked them, they always have something else to offer, so they are switching it up. they definitely have some good contacts and have been customer focused but the proof is in the puddin...
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    firm a fake?

    well, I am still waiting for the official phone call/proposal. I am aiming at mostly option trading, (hedged short side) for majority of trades. it seems difficult to find a place that wants an options trader. and more difficult to get a firm to give you a formula that they will use to figure...
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    Proprietary/options Ecn?

    do you think i could get one of those trainee positions as a remote trader? or would I even want to? any idea what the starting pay is? I would be interested only for the initial time, ie getting used to the software etc, but ultimately would want to be on my own asap. and Gene, my edge...
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    Proprietary/options Ecn?

    the return email I got from ETG says that they do take part in gains and Losses, but they do require I put up funds. with the Leverage available at www.thinkorswim.com maybe i will just try the retail route. any opinions?:cool:
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    "Bright Trading"

    Optional: U have a point to an extent. u r right, I dont want bandwith filled with unnecessary marketing. In fact I am king of Muting TV commercials because I hate being marketed to so much. I would hate to have all the prop firms clogging the threads with self-promotion krapola, but the...
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    "Bright Trading"

    You need to chill. I asked him the questions, specifically about his firm, and the name of this thread is "Bright Trading"........... I appreciate the chance to call him personally if necessary. Thanks Don.
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    "Bright Trading"

    I think i get you now, Bright as a firm will pay 5 cents over fair value to the floor traders/MM for essentially a risk free stock position for use as inventory for your proprietary stock traders (remote and in-office) to day trade all day long. it makes perfect sense. from the original...
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    "Bright Trading"

    I am probably the first here to stand up and admit my inexperience in understanding things like paying the traders more than fair value for a conversion/3 leg conversion..etc "Credit conversions are done all the time. Our firm alone does hundreds every month for our traders. We pay about 5...
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    "Bright Trading"

    wow man, sometimes you guys just forget everything this post was supposed to be about and all you wanna do is drag your peenuy across the floor and piss at each other. anyone short HOTT yesterday?
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    firm a fake?

    Hey, they are supposed to call me back this week with an offer, I spoke extensively with them last week. If it is an exceptional offer it is probably worth paying for...we will see. I have not had to put any money up so far. We just talked about what I was looking for. I will post back...
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    Proprietary/options Ecn?

    dlrcatcher: forgive my naivety, but who is generic? do they have a site? I have never heard of them....
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    Proprietary/options Ecn?

    By the way, for the post above, i am hoping for a remote setup as i live in the boonies, but i live within an hour of Denver if I had to begin by going to an office.........
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