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Human interpretive reading of news, tape & sometimes price charts and acting on same, with prop-shop policy disdain for automated mathematical trading & money management that can analyze thousands of issues in a fraction of a second, issuing instant risk adjusted buy/sell/hold signals as opposed...

Never been there, never done that. Just sit in my shop with other MIT, Stanford, Carnegie grads printing $ with the aid of a few very hi-end custom workstations.

Start with a cage containing five monkeys. Inside the cage, hang a banana on a string and place a set of stairs under it. Before long, a monkey will go to the stairs and start to climb towards the banana. As soon as he touches the stairs, spray all of the other monkeys with cold water. After a...

The bottom $line is how many min. $dollars to daytrade, i.e., NYSE & NASDAQ, what's the leverage? What does this "notional money" actually cost the prop firm assuming they give it out to their traders? If $1 controls $25, then that buying/shorting money -- day trading only -- can yield...

Can easily trade $20 million in equities, though really is a function of leverage and desired return on capital. If offered 10:1 leverage on $2 million, that's $20 large, minus the margin charge. As liquidity is a necessary prerequisite, otherwise slippage becomes a real haircut, IMHO best...