Agreed, they can go after whoever they like, and let others walk without reprisals. They like to create examples of people however and if you are...
Thankyou. If anyone wants be pay me a huge salary to be their private mentor then I am always willing, LOL, it would certainly beat trading these...
You are putting him off of the FA job but I can assure you that the same identical argument applies to trading!!!!!!!! In today's markets you...
You need to be more specific. You mean futures, options or stocks. Also where, US, London etc. Not all firms have several offices globally. Some...
Legally they will say that you cannot trade anything they trade within the business territory. So for example if they trade Eurex, Liffe, CME,...
I believe that the problem with these firms is that the risk managers forget their job title of RISK manager; they are NOT supposed to be PEOPLE...
I agree 100%. They love to try and claim credit for your success. I have traded prop futures successfully for 5 years now and I used to laugh...
I am in London, England; but I agree some states do vary on their stance, at least that is what I hear from friends in the US. As I said if you...
Given that so many people have asked about where to locate prop futures firms and so on, I figured that you would all be grateful to look at the...
If you take a salaried position then you are an employee and they do have a hold over you, I have seen it happen. You can't trade for yourself or...
If you are successful already then why not trade on the side and become even more successful in your day job to fund your trading. It sounds like...
As I already said, top traders trade, but the vast majority of risk managers in prop shops are either former floor traders or fx-traders, usually...
Agreed 100%. I know one firm in particular that is suing a friend right know, again they keep sending the same letters to his lawyers and he gets...
I agree with all the others about you should take the FA job at MS. Just for the fact that they are a genuine name and you WILL learn something...
Two observations that I just made are that you don't seem committed to any type of trading in particular, I wanted to trade futures or options and...
What makes me laugh is that you travelled all the way to Chicago from another part of the country and you failed to ask those key questions like...
One more thing; what about the contract will it have a non-compete and how long will it be, will it still be 5 years? And what about the the...
Are you saying they pay $50k basic salary for first year traders? Or do you mean they expect your first year total income to reach $50k...
I have traded prop futures for 5 years and was wondering what other viable alternatives really do exist for those wanting to break into the...
I work for a prop firm that caters purely for experienced traders and it works great. I do think that the prop model can be successful. Where I...
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