so true! Hope = Greed! As soon as you start hoping you start losing. Back in the mid 1990's I was trading at shop at 50 Broad street and I was...
John, have you noticed on a percentage basis, you are letting your losers go a bit longer on the lesser priced stocks?...
couldn't you take a 60 day loan out of your IRA and replace it with no penalty. Add that to that 20K and you meet the requirements for minimum...
Usually I have found that the best firms are not necessarily those with the lowest fees, but those who offer the best support at fair and...
John, I'm having alot of fun follow your activity! thanks!
you can only have an educated guess as to how a trader will perform in real life situations. I've had lawyers do horribly and dishwashers become...
In the firm's I've managed, someone who put in 10k was afforded the same quality of service as those who put in 1mil. If they bitched and moaned...
the numbers speak... a company generates $5k in comm a month off a guy who is losing 2K a month. they give him a draw of 1k and hes told he has...
Hey 50, unfortunately, there are more firms out there like the one you were with than the good guys. You don't hear alot about the very good...
Great post John..do you use trailing stops? If so how do you determine the percentage or amount?
as long as you are making money you have nothing to worry about. Forget about generating commissions, if you are a profitable trader, you are a...
great minds think alike!!!
Dustin, my glare was more of an all knowing wise glare! :D the advantage I had when managing prop firms was that I was a reasonably...
I was the manager for a few big prop firms and now trade for myself. here is the deal.... now days, most prop firms ask you to put up 5-10k of...
Carnegie-Mellon, wow Funky, I am impressed! How did you survive Pittsburg! I have been a trader for the past 10 years, managing many larger...
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