Hold Bros. requires $10K up front (at least in the NJ office) and have a 90% payout and $10 tickets (all in) per 1000 shares traded. Their...
The entry qualifications at those firms are: 1) enough money to cover the initial deposit, and 2) enough intelligence to read the Risk Disclosure...
My transaction costs are based on 1000 share blocks. If you charge 1 cent per share (which is a bit steep), then you're already looking at $10...
From my experience, I'd say 60/40 or 70/30 (the trader gets the higher percentage) is highly competitive. Other companies use a sliding scale...
Well...Don IS sponsoring this forum. I guess shameless self-promotion is one of the perks...
Being surrounded by successful traders is the best possible environment for you. Make sure you pick their brains as often as they'll tolerate it....
I'm not criticizing Bright Trading. They (and other similar firms, e.g. Carlin, Generic, Echo) are aligned with one kind of business model and...
Maybe some prop firms don't want to open additional shops because of the costs involved and also because the market is not that great. Is it wise...
I wholeheartedly agree with you, Don! Alot of sub-LLCs are backed by dubious firms that are not financially sound. When you join a sub-LLC, make...
I know traders who have started sub-LLCs. They are usually traders who left their old prop firms in search of a better deal for themselves....
I use some post-its on my monitor to help me keep my focus. Sayings like "Don't average down losers", "Keep It Simple Stupid" and my personal...
Yup, I got rocked by Klac yesterday! Tried to play a bounce. Should've stayed short but I haven't seen such wicked down moves in awhile. Thank...
Oops! I was referring to the Nasdaq, not the 100! 52 week range was 1387 to 2328. My bad!
By the way Commisso, when did the Nasdaq get to 1088? Maybe six years ago! Are you sure you're a trader? :D
Well, if I kept positions for three months at a time I would agree with you completely! The problem is that I don't keep overnight positions. I...
Hey Nwbprop, do you have any connections with big broker/dealers in New York City? I would LOVE to get into institutional trading but I lack the...
Don, I guess I'm afraid of becoming a newbie again. I've become quite adept at reading momentum on Level 2, although decimalization and the bear...
I'm only trading Nasdaq stocks via Level 2. I've never tried options, futures or listed stocks and I only dabble in the QQQs through Island and...
Nwbprop--I'm not trying to discourage you from becoming a daytrader! Personally, I love daytrading and I can't imagine doing anything else...
Quite the contrary, Don! Prop firm owners are just trying to make a living just like the rest of us! I don't begrudge them that at all! In...
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