So. Cal. Prop Firms

Quote from BankBank:

prop trading is, very simply, taking positions in the market using someone else's money. usually a bank's. goldman hires prop traders. they employ prop traders.

many banks, even very small ones, have prop trading. frequently, the prop trades are an activity done on the side, with the trader's primary responsibility being fulfilling customer orders or squaring the bank's position.

i would hazard a guess that the vast majority of real prop trading is done in rates, credit, and fx, and not equities.

putting up money to day-trade is not prop trading. period.
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Isn't this what I said?
 
Quote from Mom0/pH0x:

this is not true, most REAL prop firms (defined by not having to put up any deposit, and exclusively risking the firm's money) do not have a lock up period, the ONLY one i have heard of is generic/carlin... im sure that's not the only one, but the overwhelming majority of them do not...
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False.....It's not called a lockup, it's called a bonus. Lockups are for firms like Assent or Echo where they lock up your OWN capital you bring in for 12 months. I'm not referring to that. I have looked at these agreements and I assume Don has as well since he stated it. Most of these firms agree to payout a portion of your P&L as a year end bonus. This is NOT a lockup. In fact, it's really no different then what Goldman or Bear does.
 
I disagree, I have been a prop trader for many years, 9 to be exact, GS has been knocking at more door for many years.

Here is the answer but up some capital and go trade.


If you want a list of firms that will provide you BP without cap upfront, PM me. I know a few. BUT you must have a proven track record.

Good luck with your search.
 
Quote from ScCal Trader:

I heard PimpCo was hiring... Bill Gross and Mike are interviewing next Wednesday.
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I interviewed there the other day. They were very impressed with my ninjatrader system and 888 account setup.

If anyone is interested in hearing more, please PM me.
 
Quote from Don Bright:

LOL,

Don :D
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Hey man, I met you a couple times at the Omni Hotel in Chicago!! You're a great guy and run an awesome shop, lotsa respect dude. Couldn't trade for ya because I love futures and equity options too much.

Not to busta balls, but the 888 account is not what everyone seems to think it is!!!
 
Quote from milehigh_trader:

Hey man, I met you a couple times at the Omni Hotel in Chicago!! You're a great guy and run an awesome shop, lotsa respect dude. Couldn't trade for ya because I love futures and equity options too much.

Not to busta balls, but the 888 account is not what everyone seems to think it is!!!
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Hmmm? I was flashing back to Long Term Capital Management and the "hidden" account, I may be wrong, it has happened once before.

Omni hotel in Chicago, that was quite a while back...can't remember when.

(and thanks for the nice words, always nice to hear).

Don :)
 
Quote from Don Bright:

Hmmm? I was flashing back to Long Term Capital Management and the "hidden" account, I may be wrong, it has happened once before.

Omni hotel in Chicago, that was quite a while back...can't remember when.

(and thanks for the nice words, always nice to hear).

Don :)
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Was about 2000 or so if I remember right. I haven't been back to Chicago since then, I moved to Denver then. I took your words to heart about trading equity outright versus options. Through all of these years I've traded kick ass and it's been a helluva dragon ride.

You were one of the first people to set my systyem on the right track!

I was fuckin happy to get out of the CBOE and do my own thing after hearing you speak. I learned a lotta lessons!!
 
2000 sounds about right.

Just FYI, we have two brothers who traded here for quite a while...good traders, and they set up an office in Denver (just if you have any interest in a place to trade...don't necessarily have to be a Bright Trader).


Don
 
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