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...and I wonder what happened with the deposits and where the managing members opened up a new shop under new name.... ..and yes! how come Don not too chatty about this..

The prop firm which is a corrupt flawed model gave him the leverage. ...No customer is making the terms when borrowing from a bank.

The scenario I mentioned happened 3 times to firms I was associated with in the past 15 years. Fortunately did not leave much $ behind.. Obviously I trade retail account and will only consider joining a no deposit prop in the future … but would be hesitant since risk/backoffice way too...

Excellent analysis. Since arcades provide no SPIC insurance in case the firm fails - which is inevitable - the remaining capital goes to the managing members. Once deposits and accumulated trader profits reach a certain level it will be taken off the table. The head trader ( with close...

After making some phone calls ...there are serious balance sheet problems at the above mentioned firms ..obviously they are denying and attracting more deposits to be converted into comissions or witheld for good ...SIPC insured retail accounts the way to go

Quasar has a unique corporate culture. They welcome incoming money with an incoming wiring fee. If anyone ever wants to leave the firm having trouble withdrawing. They owe hundreds of thousands to traders who left. They will not pay ever unless legal action is taken against them Specializing in...

Only choice for the Chinese to give aid otherwise their economy would not survive further contraction in the west ... The catch is that they wont get it back. Stolen money anyway....

Anyone on recent front running cases?

Going to college is never about the degree but belonging to an educated group of people, getting into and intellectual environment where there is a much better chance to succeed in life in general rather than doing business with your colleagues in the coal mine… ( no offense coal miners...

Rich parents. Some senior traders still living at parents' house being served breakfast , lunch and dinner and tucked into bed. Does not mean they make money consistently but they are like arcade hoppers. When market is good , they make a lot , take it home and being glorified. When they...

The byproduct of the present financial crisis is just the opposite. The result of high unemployment in the U.S. A. : escalating tradewar with trade barriers will be putting a break on the recent transfer of manufacturing sector and labor to China. Since the US dollar is the reserve currency of...

the ad. right above your post: livevolpro.com

I am sure you right, I got no clue about futures ( I am an options trader),but see oil ...inventories are high as they could be and still managed to climb.

What happened to soybean, wheat , corn futures in this huge global recovery/commodity rally....?

keep it coming boys....unleash your anger...

And one more thing ..just follow Buffets strategies: he sells puts on the market leaders underlying. The later he gets assigned th emore premium he collects. Gets assigned fast the vol goes up the fatter premium he can sell again. Gets assigned...he owns th eunderlying very cheap.... Simple...

Where did he save the 100k from? Shoeshining? He is a son of a filthy rich investment expert and congressman just like Trump was born into money and connection. Buffet is a simple guy buying the best of breed in industries with high barrier to entry. Trading the Business cycle. Buy s low and...

Lets say the market was down 50% since last year and your fund is only down 25%, you are still an idiot like Cramer, who is ruining peoples lifes on a consistent basis. If the market is down30% btw 08 and 18 ( next 10 years) and your fund is only down 5 % that is not good enough. You are the...

I am trying to go beyond statistics here. The best way is to go with firms with lower payout no $ down structure, but if you are a barefoot inexperienced average college grad.( like I was back then), the practical way is the bottom up approach like I described in my prior post. If you want to...