Profit Splits at day trading Firms

This is a poor deal. I have traded for fortune 50 company, a prop and myself. The fees that you will acrue at a propr shop will eat away most of your profits if you follow thier click happy trading "recomendations".

If you are a novice and they have a training program that lasts more than a month go and learn, if there is no program and they just toss you in the pool DONT GO. If you are experienced avoid props like the bubonic plague as they are scrambling to find a new revenue stream b/ day trading is exponentialy harder than it was 3 years ago. Regardless good luck.
 
Actually, short term trading...adapting to the markets...pairs...mergers....automation....market making...and the ability to "use" capital...has our traders doing better in this lower volatility market....hard work along with good training....seems to still be the main ingredients. Day trading is just a part of what good traders do...and yet, the NYSE specialists and the Naz MM's are still making good money doing just that.

We prefer "predictability" over "volatility" - lower risk, higher rewards...so the VIX at 12 is better than the VIX at 25-40, IMO.

I agree about the "employee type" prop shops who keep profits, however. Most have vanished or cut way back over the last few years...traders tend to be an independent lot, and don't fit well into corporate bureacracies, for the most part, from my experience.


Don
 
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