Prop Groups are PHONIES and full of BS

This is the funniest one yet. Those who don't plan on making money, should probably trade at a "full prop firm".....perhaps one of many who are out of business....those who make money want to keep it...why pay $10K month to your firm by sharing profits or paying higher fees.

BTW, who in the Hell pays 2.30 for 1000 shares, the most you can pay is $10.00??

Gee, another person who just doesn't get it....this is a business opportunity for those who want to be in business, not for those who want to suck a paycheck out of someone for risking someone elses money......sorry, but you may want to find a welfare state somewhere....this si the real world.

We are simply proud to provide use of capital, low costs, and 100% payouts....and a very high success rate......

Double Truth......deal with it.......(sorry for sounding cranky to the 90% of you who understand the business, but gee whiz, you gotta be kidding)...

Don
 
Originally posted by bigscalper
by the way, I pay less than half the per share rate that Bright charges and my account is pure retail. There are plenty of deals out there.

Don argues that all retail firms are not direct access because software checks buying power before order goes out. He is right, funny thing is that the software I use is 2-3x faster than Brights, imagine if Bright had to check buying power. Also, would you really want software that lets you put out a market order for 25,000 shares of something by mistake when you have $50K equity, I would rather have the security.
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Come on, you make rational arguements then lose it when you toss out ridiculous things like 25,000 shares with $50K. We monitor risk very well, and have never had financial problems (like most firms out there). The truth about market access bothers many people....

Use of capital is huge, especially when doing Opening Only orders and such, where it is imperative to Use, not Abuse capital.

There is no truth to "faster" software.....just marketing ploys from those who can't compete on equal terms.....like staying in business by having profitable traders.

Not trying to get into an argument, but the one sided debates never prove anything to anyone. Our success speaks for itself.

Good Luck in trading...and remember, we are all part of the same "league"...regardless of what team you're on....heck, the industry thrives and survives due to retail traders, and I'm the last one to deprive people from trading that way.

Don
 
The difference between people that make money and people that don't isn't a factor of PROP or retail, it is a factor of the strategy and/or system you employee. I am sure there are many profitable traders at Bright just as there are at many other firms. My point is, work for yourself, protect your capital and build your strategy.
 
Originally posted by trader963

The problem is the firm could care less if the trader makes any money. I trade prop for a small group of investors, they give me full rebates on all ecns and I pay $1.00 per 1000 shares!
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Wow, great rate, sign me up, I WILL BE HAPPY TO PUT MY OWN MONEY UP TO TRADE. CAN I KEEP MY OWN PROFITS?

Please PM me because this sounds wonderful. I will be glad to pay you an extra .25 cents per 1000 just for signing me up. That would be 1.25 per 1000 right? Let's do it!

Waiting to hear from you!
 
Originally posted by NDQnCA
the japs bombed pearl harbor and quit bitching
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Besides I'm from Pakastain so my history is poor!

It's a line from the movie Animal House.

I'm not bitching I'm letting the newbies know what lurks below the recruiters sales pitch.
 
Originally posted by JWKirkland


Wow, great rate, sign me up, I WILL BE HAPPY TO PUT MY OWN MONEY UP TO TRADE. CAN I KEEP MY OWN PROFITS?

Please PM me because this sounds wonderful. I will be glad to pay you an extra .25 cents per 1000 just for signing me up. That would be 1.25 per 1000 right? Let's do it!

Waiting to hear from you!
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Sorry for the delay!

I'm glad I can open your eyes maybe you can pass the savings on to your traders!



http://www.streetjobs.com/jobs/1170.html
 
Originally posted by trader963
Any prop firm that splits the pnl and charges a commission is a fake! They are only interested in the commissions!

ZONE $.50 per 1000 shares

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r u shittin me? zone pays .0005.....
If this is true....zone is run by some extremely greedy people
 
Originally posted by trader963


Sorry for the delay!

I'm glad I can open your eyes maybe you can pass the savings on to your traders!



http://www.streetjobs.com/jobs/1170.html
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OK...OK... Harvey's new shop...

Payouts as "high as" 70%.

NASDAQ trades...what about listed?

I personally trade listed only...and have 100% payout. I would certainly have to do the math on a 30% pay cut vs. commish.

Can you even trade listed??????
 
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