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If you are into "status", no.. prop shop trading is not for you - BIG SURPRISE! Sure, some institutional guys are going to look down on prop guys, and some prop guys are going to loathe (envy) the big firm pros. Because you can't just walk into JPM or another big firm and start work...

I can hardly take it anymore with all the smack some 16 yr olds on these message boards are coming out with now. Let's get some things straight and clear the air a little. It doesn't matter who you trade with, what you trade, or how you trade. Nor does it matter where you trade, or who said...

Nice thread.. Looks like the only ones making any $$ at Worldco are the guys getting a cut of the commissions, which appears to start at the team leaders and go up to the firm's owners from there. Sounds familiar - like a classic pyramid scheme. They are cutting traders left and right and...

The pricing issue for ECNs and Nasdaq (whose function is really just another ECN) is as follows.. In the battle between the ECNs and Nasdaq for who will get the business, the trades will be done wherever the best price for the stock is - for an ECN (or Nas) to get the Best bid/offer, they...

The beginning of the war (or removal of Saddam by other means) takes out two things weighing on equities: - the uncertainty that currently exists regarding Iraq (don't forget U.S. credibility is on the line here too) - over-inflated oil prices. Apparently the result of speculation, as...

NASDAQ Average Daily Dollar Volume Month Average Daily Dollar Volume Sep 2001 33,880,258,290 Oct 2001 36,093,363,082 Nov 2001 37,783,717,538 Dec 2001 36,180,879,319 Jan 2002 40,795,835,947 Feb 2002 35,856,651,781 Mar 2002 34,487,101,598 Apr 2002 32,057,620,849 May 2002...

A little too dramatic - geez! It's not exactly a conspiracy, pretty simple really.. SEC needs more $$ to crack down on "evildoers" combined with a dramatic decrease in volume on the exchanges. The OMB re-evaluates every year and given current conditions, raises the rate this year. It does...

traderpro, you are hilarious but need to lay off the crack. I think its making you all jittery.

You're fishing traderpro, it's obvious. I'll bet you would be willing to hook a fellow trader up with a great deal if they just PM you, right? Stop frightening the newbies.. Here's the deal on prop firms.. You're money is NOT SIPC (govt.) insured. If you want the insurance, get a retail...

I'm hoping this thread will keep going, as I think it's a good topic, unlike most of the drivel/whining on ET. Regarding the MMs requirement to print their trades, I believe on block trades they have a window of 90 sec. or so to print. I don't factor this into my trading since I'm...

Traderpro bashes non-self-clearing prop firms.. Lemme guess - you are with Andover. At least these non-clearing firms are willing to pony up the money for ads to Baron and ET, making possible your free criticism of competing firms.

It's not like training for the olympics, although I can understand that choice of analogy, given some traders' "dreams of glory". Nothing wrong with training for the olympics, or starting a new business, or trying trading - but when you start throwing away the kids college money and your life...

Most here will concede that the goal of being a successful trader has at least a 90% failure rate. The odds of having a successful trade each time out is 50/50. The only reasonable explanation for this is that there is something else, something extra working against the trader. Some of it, is...

I have found Level 2 to be helpful. A few suggestions - 1. Don't pay attention to big size showing, this is used to trick you. 2. The real big size is (usually MMs and not ECNs) showing 10 (1000 shares) or less. Look for many prints at that price with them staying put at their price...

Nice screen capture on your website Don - FRACTIONAL PRICES! Was that from your "nostalgia" files? :)

Some of you need to see the reality of the situation. The reason why you want the lifestyle of a full-time trader is obvious. You can be your own boss, hang out all day making a fortune at a ridiculously easy job. It eliminates the need to go find a "real job", and the gambling thrill is...

Prop firms that care!! LOL! What was that line from Wall Street - "No feelings, and if you want friends - get a dog!" Generally, they care as much as Sprint cares about your mobile phone service, or Ford wants you to like your new car - they aren't necessarily bad guys, but they are...

They are one of the most well known "prop" daytrading operations. Their commission rates are very good, generally, and they seem to have a pretty good thing going. My impression was that whoever signs you up gets a cut of the revenue you will generate in commissions, and make no mistake -...

Corallus, I've got a different idea for you. You should stop trading! Your first post says alot, you have been consistently losing, yet you feel like you are right on the verge - if only you could just find the right magic formula, you can beat the market. This sounds very much like...

That sounds bad. I don't know if you are talking about NYSE or NAS, but on NASDAQ stocks (not necessarily the fastest moving, but not the slowest either) that I trade, both ECN and Supersoes fills are pretty much instantaneous. The one exception is when things seem to be running a little slow...