Why would successful traders join/stay in a prop firm?

Quote from riskarb:

Well then... it sounds like there are quite a few guys with access to the nuclear football at Vtrader. I don't know if this statement bodes well for any option-specific JBO.
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The scary part of it Risk, I'm speaking the truth. Of course the same could be said about guys on the floor. The difference is, guys on the floor were trading with edge. They weren't on a screen taking shots. This is one of the reasons why our firm is small. We know every one of our traders and their behavior and their character. We have a good group of guys. But no way could you just do this on a retail level where everyone is known only by their account number. Won't happen.
 
Quote from Maverick74:

Mark my words. Will never ever ever happen. There is a currently a pilot program on the CBOE that is allowing one firm to do this. My guess is there will be select firms out there that could allow this but there will be a very very stringent requirement process. If you let Joe six pack have access to haircuts in a retail environment, you are going to have a financial meltdown.
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The big investment banks creating millions/billions in OTC derivatives poses far more systemic risk than Joe six-pack, who, IMO, should have every right to blow every penny he has and then some in the options market.
 
You would feel quite differently if Joe six-pack's blow up cost you money as well which it coudl if they had access to pooled money...

Quote from weewilly:

The big investment banks creating millions/billions in OTC derivatives poses far more systemic risk than Joe six-pack, who, IMO, should have every right to blow every penny he has and then some in the options market.
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Quote from optioncoach:

You would feel quite differently if Joe six-pack's blow up cost you money as well which it coudl if they had access to pooled money...
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Exactly! :D
 
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