Prop Groups are PHONIES and full of BS
- Thread starter trader963
- Start date
Then why don't you go back to trading with E-trade?
vhehn and limitdown got it right..
look people.. do you think the prop firms are in business to hand out money? you think they should be a CHARITY working for YOUR best interest? go home and cry to your mommy!! you think they dont have their own profit expectations? you think if they could trade themselves, they would be putting up with customer relations BS and dealing with whiny clients? they do it for one reason, their own bottom line! the only people that dont work this way are jesus freaks and jehovahs witnesses!! oh and maybe mormons too. i wouldnt be the first to say that prop firms are unnecessary.. if you are profitable, go trade futures or stock options and rake in the cash yourself. i said IF.. so if you are not profitable, then you dont have much choice now DO YOU?! you should be thankful you are allowed to trade at all! you have nothing to complain about, no one chaining you down making you stay. if you are in THEIR house.. either play by THEIR rules, or stop your whining and GET THE F*CK OUT!
look people.. do you think the prop firms are in business to hand out money? you think they should be a CHARITY working for YOUR best interest? go home and cry to your mommy!! you think they dont have their own profit expectations? you think if they could trade themselves, they would be putting up with customer relations BS and dealing with whiny clients? they do it for one reason, their own bottom line! the only people that dont work this way are jesus freaks and jehovahs witnesses!! oh and maybe mormons too. i wouldnt be the first to say that prop firms are unnecessary.. if you are profitable, go trade futures or stock options and rake in the cash yourself. i said IF.. so if you are not profitable, then you dont have much choice now DO YOU?! you should be thankful you are allowed to trade at all! you have nothing to complain about, no one chaining you down making you stay. if you are in THEIR house.. either play by THEIR rules, or stop your whining and GET THE F*CK OUT!
bigscalper
Guest
they cater to people that can't trade, or don't have their own dough to trade.
My Suggestion... use these firms for whatever you can and then go out on your own, fund yourself or find alternative funding, get your own commission deal and most importantly, "RUN YOUR OWN SHOW"
Remember...real traders aren't monkeys on keyboards. One of the great benefits to trading is the freedom that comes with it. Make yourself rich not someone else and then use your profits to better your family, your community and the things you hold dear to your heart.
My Suggestion... use these firms for whatever you can and then go out on your own, fund yourself or find alternative funding, get your own commission deal and most importantly, "RUN YOUR OWN SHOW"
Remember...real traders aren't monkeys on keyboards. One of the great benefits to trading is the freedom that comes with it. Make yourself rich not someone else and then use your profits to better your family, your community and the things you hold dear to your heart.
The business model of these equities prop firms is just about the same as retail firms, commissions (+deskfee) I see a big conflict of interest there. I am not saying they are all scam but beware. A real prop firm should train traders to trade the partners capital for a cut of the profit .
Bigscalper. I agree w/ some points you make as I've sometimes voiced my opinions on some of the bad things about prop firms. I used to trade prop and the reason is because their commission and costs tended to be less than retail. It is only the past 2 months that I noticed that retail is catching up to prop-bullets, sub-penny pricing, coupled with no LLC risk.
The pendulum is tiliting back to retail (other than the 10:1 leverage which could be big for certain trading styles). What I don't get is your issue about going out on your own for freedom. I took a lot of vacations when I was in prop and as far as I know most of the prop guys I sometimes talk too are not 'chained' kindly elaborate.
Great weekend everyone!
The pendulum is tiliting back to retail (other than the 10:1 leverage which could be big for certain trading styles). What I don't get is your issue about going out on your own for freedom. I took a lot of vacations when I was in prop and as far as I know most of the prop guys I sometimes talk too are not 'chained' kindly elaborate.
Great weekend everyone!
"I GUESS IT WAS OVER WHEN THE GERMANS BOMBED PERAL HARBOR"
This would be a definite sign that you really do have your facts straight!...not to mention the spelling
Ok. I can only assume since he put the statement in quotes he is referring to J Belushi's quote from animal house.
...or he really is retarted.
This would be a definite sign that you really do have your facts straight!...not to mention the spelling
Ok. I can only assume since he put the statement in quotes he is referring to J Belushi's quote from animal house.
...or he really is retarted.
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GATrader wrote:
What I don't get is your issue about going out on your own for freedom. I took a lot of vacations when I was in prop and as far as I know most of the prop guys I sometimes talk too are not 'chained' kindly elaborate.
>>>>
Hi,
Can prop traders make their own schedule? I mean can they come in late and leave early and take days off or vacations when they want?
Thanks
GATrader wrote:
What I don't get is your issue about going out on your own for freedom. I took a lot of vacations when I was in prop and as far as I know most of the prop guys I sometimes talk too are not 'chained' kindly elaborate.
>>>>
Hi,
Can prop traders make their own schedule? I mean can they come in late and leave early and take days off or vacations when they want?
Thanks