Prop Groups are PHONIES and full of BS

Originally posted by JWKirkland


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??????

Most traders pay almost 50% of their gross in commissions! You can I save you money!
 
Originally posted by trader963


Most traders pay almost 50% of their gross in commissions! You can I save you money!

Hmm, let me think about that - you are almost right in my case - I pay about 1/3 to 1/2 (on bad days) of what I make in commissions.

Somehow, it still doens't jive ...

One thing tho, I don't trade anything that has more symbols in the name then years that the company has been around - let's see, that eliminates 98% of all NASDAQ. So any listed?

nitro
 
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!

I sent a pm with my personal address so you can mail me a personal check. I appreciate the commish!

I think you would make more money if you traded nasdaq, it's you and the market place.
 
It was a joke.

How long have you been in the business? If you have been in the business for any amount of time, you would have seen that a great number of the naz traders are switching to listed.

One thing to remember, if it sounds too good to be true...I hope you know the rest.
 
Originally posted by JWKirkland
How long have you been in the business? If you have been in the business for any amount of time, you would have seen that a great number of the naz traders are switching to listed.


JW, what are the advantages of trading listed over the NASDAQ stocks?

Thanks
 
I know of a futures prop firm (used to trade there) in the Chicago area that kept a trader for four years, even though he personally never made a penny. I know of other examples in Chicago about prop firms keeping alot of "unproductive" dead wood around. Why do you suppose they keep them around?
 
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