Prop. trading Equities firms vs Futures firms

okwon · Dec 20, 2002

Looking into prop. trading at both equities firms and derivatives firms. Can't decide which I would rather trade. Both seem interesting/exciting. Would like some insight into the positives and negatives of trading each if anyone has prop. traded for firms in both areas.

Which do you think has more potential? Income potential? Excitement/fun? Which has a higher learning curve? Which type of prop. trading firm will get you trading sooner?

Thanks in advance.

MondoTrader · Dec 20, 2002

they will both be hapy to take the money of somebody looking for excitement and fun. just keep your wallet open they will love you, just like vegas.

cheeks · Dec 20, 2002

Quote from okwon:

Which do you think has more potential? Income potential? Excitement/fun?

If you are looking for excitement, the CME has something perfect for you.

chasinfla · Dec 20, 2002

if you're scalping, the emini might offer some advantages (electronic matches). This coming from a listed equities trader.

HoneyBear · Dec 20, 2002

okwon, why not try both? greentree trading and echo i believe allows an individual to trade equities and/or futures.

mrktwiz · Dec 20, 2002

Green Tree Trading let's me trade any financial instrument I want, I even can trade currencies (Forex).

PM me if you want more details.

Good trading all...

mrktwiz

okwon · Dec 20, 2002

Quote from MondoTrader:

they will both be hapy to take the money of somebody looking for excitement and fun. just keep your wallet open they will love you, just like vegas.

So you don't find trading to be any fun. I would hate to be stuck in a career that I don't find exciting. Why trade if it's such a drag for you?

HoneyBear · Dec 20, 2002

get in touch with jeffgus who runs greentree trading. it's true what mktwiz posted. gtt allows traders to trade any financial instrument...of course you would have to have experience in order to do so. but if you have the experience and wanting the best deal, gtt is the firm that can compete with any other firms out there.

jeffgus · Dec 21, 2002

The popularity is only going to increase, The liquidity in there, the slippage is close to nil, and the commission structure is better for the active trader.

I have trades NYSE and Proxies for the past 4 years. Futures have rid me of the frustrations of the specialist and the lack of stops on the NASD market.

The best of both worlds are offered by the future markets. The vehicle you trade is your choice, but with out an edge you will money in anything you trade over time. develop a defined edge and use the futures market to carve out your profit.