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when i worked at a prop firm we were forbidden to short nyse stocks below the previous days close in the pre market. However at least one guy had been doing it for years before they clamped down......

Yes that was me. it's amazing that you would remember that. Every time I post a question here I am amazed at how great this website is......really incredible....... Of course I'm planning to shop around I just wanted to know if going in I should consider my tour/interview pure practice or...

What percentage of people who send them a resume do they invite into the firm. A small percentage a large percentage or is it 100%?????????????Just curious what the situation is.

I scheduled an interview today and on the phone the lady that I spoke with said that there will definitely be an initial capital contribution required (a few thousand she said). My understanding was that this is not always the case their, that is that they make these decisions on a case by case...

What does SCP stand for?

Hii, You cannot beat Roulette no matter what you do or how hard you try UNLESS the wheel is broken. You should definitely buy any book about hold em immediately. I think you will be amazed how tight you have to play. for example a hand like j-7 suited which i believe you consider a raising...

I read the lee jones book a couple of years ago and yes it is good. I can remember that i didn't agree with everything but teh basic point is play tight and agressive. Lou Kregiers "from beginner to winner is good two" also the limit holdem section of supersysytem is extremely good despite what...

It means that nobody comes in for the minimum. So is a 10/20 game nobody comes in before the flop for 10. They either raise or fold. A game like this is generally quite bad. As for sites I only played on paradise poker and planet poker. My friends like pokerstars though.

The games online are definitely much much tougher then in a real casino. You could also say since you get twice as many hands on line a on-line 5-10 game should be about equal to Brick and Mortar 10-20. Plus you can play two games at once......So maybe it makes sense for the games to play like...

Its hard to believe that you would feel intimidated in a real life card room. I never had and I am not tough by any stretch of the imagination. The main problem with online poker is that the game is about a thousand times tougher then in a brick and mortar casino. For example it would not be a...

But you could probably still win. The house makes an incredible amount of money from the rake. very conservatively 100 hour per game x 100 games equals 10k hour or say $200000 day. I have not bothered to go to paradise to see if these estimates are that close because they are just estimates. if...

Actually funding your internet poker account is quite hard. Your credit card will not work (at least if you live in the united states). While the sites say that that is one way to fund the account they just won't accept these charges anymore. PayPal no longer works. I know that nettellier will...

I'm not from Chicago but I believe that Harrah's East Chicago has a poker room. I know it's not actually in Chicago but I understand it's not very far.

Its good that this is corrected in the more recent addition. I have the 1998 addition (maybe I should get the newer one). The reason this bothered me enough to post is that it will be difficult for me to accurately evaluate most of the things he says in this book since I know practically nothing...

This is not exactly about trading but I encountered this on P. 43- 44 of "Option Volatility and Pricing Strategies" The question under consideration is simply what is the value of a dollar bet on a roulette wheel that has numbers 1-36 plus zero and double zero and pays off 35-1 if you pick...

I think that the reason that some people find this confusing is because they think of the chance of a coin being flipped H 9 times in a row and then multiply it by .5 to get the answer for ten times in a row. Don't forget though that once you state that the coin has already come up H 9 times in...

How come no one here seems to want to work at the trading desk of an investment bank. If I remember correctly a lot of the people in market wizards were working at trading desks in investment banks. Do these not exist anymore? Are the jobs very hard to get? Is there some other reason? Or am I...

I know that it is a draw against future earnings. But lets say things don't go well and there are no future earnings. Does that mean that the company eats the loss or are you now in debt to them?????

What if you join up and as an example loose 3k. Then you decide that you want to become a public school teacher or a mail man. If you leave do you get your equity? Do you own the equity in your account or do they do once you join the firm?

Actually I didn't say that prop trading was a scam. I asked if it was because I don't know very much about it.